Full history for every metric is available with a Kvantra account
Key financial summary
Financials in INR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | INR bn | 34.4 | 30.7 | 27.5 | 31.6 | 42.9 | 62.1 | 72.0 | 81.9 |
| Operating profit | INR bn | 16.4 | 18.6 | ||||||
| Net profit | INR bn | 0.6 | -0.5 | 0.0 | 1.8 | 6.1 | 12.3 | 14.4 | 16.4 |
| EPS reported | INR | 48.16 | 56.12 | ||||||
| Operating cashflow per share | INR | 69.44 | 0.00 | ||||||
| Capex per share | INR | 7.36 | 0.00 | ||||||
| FCF per share | INR | 62.08 | 0.00 | ||||||
| Free cash flow | INR bn | 15.9 | 0.0 | ||||||
| Net debt | INR bn | -15.3 | -23.9 | ||||||
| Book value equity | INR bn | 26.9 | 32.9 | ||||||
| Book value per share | INR | 105.1 | 128.7 | ||||||
| Number of shares | m | 256.07 | 256.05 | ||||||
| DPS (TTM paid) | INR | 5.00 | 10.00 |
Financial summary
Financials in INR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 75.59 | 73.15 | ||||||
| P/B LTM | x | 34.65 | 31.90 | ||||||
| P/S LTM | x | 15.02 | 14.60 | ||||||
| P/FCF LTM | x | 58.64 | 0.00 | ||||||
| EV/EBITDA LTM | x | 54.48 | 52.83 | ||||||
| EV/Sales LTM | x | 14.78 | 14.27 | ||||||
| Earnings Yield LTM | % | 1.32% | 1.37% | ||||||
| FCF Yield | % | 1.71% | 0.00% | ||||||
| Quality | |||||||||
| ROE | % | 45.84% | 52.72% | ||||||
| ROIC | % | 42.75% | 39.75% | ||||||
| Operating margin | % | 26.38% | 25.95% | ||||||
| Gross margin | % | 37.31% | 40.90% | ||||||
| FCF/Sales | % | 25.61% | 0.00% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +102.69% | +56.22% | ||||||
| Sales Growth YoY | % | +44.67% | +41.40% | ||||||
| Net Income Growth YoY | % | +102.73% | +56.22% | ||||||
| FCF Growth | % | +94.77% | - | ||||||
| Operating Profit Growth | % | +107.72% | +56.91% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.14% | 0.24% | ||||||
| Dividend Growth | % | +150.00% | +100.00% | ||||||
| Payout Ratio | % | 10.38% | 10.38% | ||||||
| FCF/Debt | x | 66.24 | 0.00 | ||||||
| Net Debt/EBITDA | x | -0.89 | -1.20 | ||||||
| EBIT/Net interest | x | 111.00 | 73.46 | ||||||
| Net debt/market cap | % | -1.64% | -2.27% | ||||||
| Net debt/Equity | x | -0.57 | -0.72 | ||||||
| Gross debt/equity | x | 0.01 | 0.01 | ||||||
ETFs that hold GE Vernova T&D India
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| ICICI Prudential Nifty 200 Momentum 30 ETF | MOM30IETF.BO | 9 | 4.33% |
Funds with GE Vernova T&D India among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
GE Vernova T&D India Limited, established in 1957 in Noida, India, and operating as a subsidiary of Grid Equipments Private Limited, specializes in building power transmission and distribution infrastructure domestically and internationally. The company offers a diverse range of equipment, including advanced power electronics like High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS), as well as essential components such as power and instrument transformers, circuit breakers, gas-insulated and air-insulated substations, switchgear, substation automation equipment, capacitors, reactors, and control panels. Beyond hardware, it delivers comprehensive turnkey solutions for substation engineering and construction, consulting services, electrical balance of plant (BOP), high voltage substation projects, and critical maintenance and asset management support. The company also provides an extensive suite of digital software solutions encompassing energy management, microgrids, distributed energy resource management (DERMS), grid operations and optimization, advanced monitoring, diagnostics, and asset performance management. Furthermore, it integrates power electronics and smart grid solutions to enhance transmission and distribution, particularly for renewable energy integration. The company adopted its current name in October 2024, previously being known as GE T&D India Limited.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

GE Vernova T&D India Limited (GVT&D.NS)
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| ICICI Prudential Nifty 200 Momentum 30 ETF | MOM30IETF.BO | 9 | 4.33% |
Funds with GE Vernova T&D India among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
GE Vernova T&D India Limited, established in 1957 in Noida, India, and operating as a subsidiary of Grid Equipments Private Limited, specializes in building power transmission and distribution infrastructure domestically and internationally. The company offers a diverse range of equipment, including advanced power electronics like High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS), as well as essential components such as power and instrument transformers, circuit breakers, gas-insulated and air-insulated substations, switchgear, substation automation equipment, capacitors, reactors, and control panels. Beyond hardware, it delivers comprehensive turnkey solutions for substation engineering and construction, consulting services, electrical balance of plant (BOP), high voltage substation projects, and critical maintenance and asset management support. The company also provides an extensive suite of digital software solutions encompassing energy management, microgrids, distributed energy resource management (DERMS), grid operations and optimization, advanced monitoring, diagnostics, and asset performance management. Furthermore, it integrates power electronics and smart grid solutions to enhance transmission and distribution, particularly for renewable energy integration. The company adopted its current name in October 2024, previously being known as GE T&D India Limited.
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