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GE T&D India Limited (GET&D.NS)
Key financial summary
Financials in INR| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | INR bn | 32 | 34 | 31 | 28 | 32 | 43 | 47 |
| Operating profit | INR bn | 8 | 8 | |||||
| Net profit | INR bn | -3 | 1 | -0 | -0 | 2 | 6 | 8 |
| EPS reported | INR | 23.76 | 29.87 | |||||
| Operating cashflow per share | INR | 36.25 | 0.00 | |||||
| Capex per share | INR | 3.41 | 0.00 | |||||
| FCF per share | INR | 32.84 | 0.00 | |||||
| Free cash flow | INR bn | 8 | 0 | |||||
| Net debt | INR bn | -5 | -4 | |||||
| Book value equity | INR bn | 18 | 18 | |||||
| Book value per share | INR | 69.25 | 69.25 | |||||
| Number of shares | m | 256.05 | 256.05 | |||||
| DPS (TTM paid) | INR | 2.00 | 0.00 |
Financial summary
Financials in INR| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 59.80 | - | |||||
| P/B LTM | x | 20.52 | 22.42 | |||||
| P/S LTM | x | 8.48 | 8.52 | |||||
| P/FCF LTM | x | 43.27 | 795.24 | |||||
| EV/EBITDA LTM | x | 40.22 | 36.02 | |||||
| EV/Sales LTM | x | 8.37 | 8.43 | |||||
| Earnings Yield LTM | % | 1.67% | 1.20% | |||||
| FCF Yield | % | 2.31% | 0.13% | |||||
| Quality | ||||||||
| ROE | % | 34.31% | 26.94% | |||||
| ROIC | % | 30.87% | 24.04% | |||||
| Operating margin | % | 18.39% | 24.86% | |||||
| Gross margin | % | 29.29% | 37.14% | |||||
| FCF/Sales | % | 19.59% | 0.00% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | +236.07% | +166.22% | |||||
| Sales Growth YoY | % | +35.73% | +36.83% | |||||
| Net Income Growth YoY | % | +236.00% | +166.22% | |||||
| FCF Growth | % | +71.87% | -54.74% | |||||
| Operating Profit Growth | % | +167.81% | +695.91% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 0.14% | 0.00% | |||||
| Dividend Growth | % | - | - | |||||
| Payout Ratio | % | 8.42% | 8.42% | |||||
| FCF/Debt | x | 24.33 | 1.45 | |||||
| Net Debt/EBITDA | x | -0.49 | -0.65 | |||||
| EBIT/Net interest | x | 29.67 | 73.47 | |||||
| Net debt/market cap | % | -1.26% | -1.10% | |||||
| Net debt/Equity | x | -0.26 | -0.25 | |||||
| Gross debt/equity | x | 0.02 | 0.02 | |||||
Company overview
GE T&D India Limited, founded in 1957 and headquartered in New Delhi, India, is a key player in developing and constructing power transmission and distribution infrastructure both within India and internationally. The company offers a broad spectrum of products and solutions, beginning with advanced power electronics equipment like high voltage direct current (HVDC) systems, flexible alternating current transmission systems, and industrial DC substations. Its portfolio also includes fundamental grid components such as power and instrument transformers, circuit breakers, and a range of substations—both gas-insulated (GIS) and air-insulated (AIS)—along with associated switchgears, substation automation gear, capacitors, reactors, and control panels. Beyond hardware, GE T&D India provides comprehensive services, including end-to-end turnkey solutions for substation engineering and construction, consulting, and electrical balance of plant for high voltage substations. They further extend their support through maintenance, asset management services, modern GE G3 green gas for grid solutions, and digital substations. The company is also a significant provider of digital software solutions, encompassing energy and market management, distribution and outage management, and virtual power plant-DERMS. Its extensive digital offerings include edge-to-cloud infrastructure, fleet-level analysis, optimization analytics, asset health and performance management (APM/ALM), protection and control systems, substation automation, communication technologies, remote monitoring and diagnostics, and geospatial and mobile applications. Additionally, it delivers specialized power electronics solutions and smart grid technologies, particularly for integrating renewable energies into transmission and distribution networks. Known as Alstom T&D India Limited until its name change to GE T&D India Limited in August 2016, the company operates as a subsidiary of Grid Equipments Private Limited.
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GE T&D India Limited (GET&D.NS)
GE T&D India Limited, founded in 1957 and headquartered in New Delhi, India, is a key player in developing and constructing power transmission and distribution infrastructure both within India and internationally. The company offers a broad spectrum of products and solutions, beginning with advanced power electronics equipment like high voltage direct current (HVDC) systems, flexible alternating current transmission systems, and industrial DC substations. Its portfolio also includes fundamental grid components such as power and instrument transformers, circuit breakers, and a range of substations—both gas-insulated (GIS) and air-insulated (AIS)—along with associated switchgears, substation automation gear, capacitors, reactors, and control panels. Beyond hardware, GE T&D India provides comprehensive services, including end-to-end turnkey solutions for substation engineering and construction, consulting, and electrical balance of plant for high voltage substations. They further extend their support through maintenance, asset management services, modern GE G3 green gas for grid solutions, and digital substations. The company is also a significant provider of digital software solutions, encompassing energy and market management, distribution and outage management, and virtual power plant-DERMS. Its extensive digital offerings include edge-to-cloud infrastructure, fleet-level analysis, optimization analytics, asset health and performance management (APM/ALM), protection and control systems, substation automation, communication technologies, remote monitoring and diagnostics, and geospatial and mobile applications. Additionally, it delivers specialized power electronics solutions and smart grid technologies, particularly for integrating renewable energies into transmission and distribution networks. Known as Alstom T&D India Limited until its name change to GE T&D India Limited in August 2016, the company operates as a subsidiary of Grid Equipments Private Limited.
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