GE Vernova T&D India Limited

BSE: GVT&D522275ISIN INE200A01026

Industrials
Heavy Electrical Equipment
BSE 200

Share price

₹4,265.10+221.10 (+5.47%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹5,650.00
52W low: ₹2,525.00
Off 52W high: -24.51%
1M return: +0.75%
3M return: -2.45%
6M return: -6.43%
1Y return: +35.57%
20D avg volume: 44,856
50 DMA: ₹4,219.54
200 DMA: ₹4,166.02

Key ratios Standalone

Market cap: ₹1,09,206 Cr
Current price: ₹4,265.10
52W high / low: ₹5,650.00 / ₹2,525.00
Face value: ₹2.00
P/E: 76.00
P/B: 79.34
EPS (TTM): ₹56.12
Book value / share: ₹53.76
ROE: 104.40%
ROCE: 58.50%
Operating margin: 29.60%
Net margin: 21.28%
Debt / equity: 0.00
Net debt: ₹-1,525 Cr
Interest cover: 112.85
Dividend yield: 0.23%
Dividend / share (TTM): ₹10.00
Payout: 17.82%
Cash conversion cycle: 107.1 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,027	1,836	1,637	1,701	1,538	1,330	1,153	1,074	1,108	958.34	913.60	838.98
	50.33	41.84	37.16	18.75	18.63	16.30	21.11	25.80	3.88	11.80	5.71	4.26
	2,077	1,878	1,674	1,719	1,557	1,346	1,174	1,099	1,112	970.14	919.31	834.72
	1,497	1,391	1,211	1,260	1,156	956.42	917.53	909.56	917.90	790.23	818.13	761.76
	1,180	1,090	997.56	954.41	924.36	721.49	757.61	653.14	672.12	570.55	565.68	548.16
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	137.98	112.34	118.44	113.00	118.58	97.24	89.74	99.78	120.15	90.19	94.37	94.00
	7.83	3.42	6.98	2.81	2.21	2.75	5.65	3.88	2.75	2.03	3.17	6.95
	12.24	12.08	12.12	11.56	11.61	11.14	11.48	11.71	12.05	12.07	12.32	12.38
	214.78	185.97	205.64	157.67	155.90	159.34	145.59	125.88	131.83	113.76	97.78	113.71
	580.00	487.13	463.00	459.01	401.27	390.01	256.12	189.89	193.75	179.91	101.18	72.96
	0.00	0.00	5.73	-69.30	0.00	0.00	0.00	—	—	—	—	—
	580.00	487.13	468.73	389.71	401.27	390.01	256.12	189.89	193.75	179.91	101.18	72.96
	148.61	124.14	116.96	98.91	101.79	98.81	69.63	47.21	49.13	45.37	34.89	23.61
	431.39	362.99	351.77	290.80	299.48	291.20	186.49	142.68	144.62	134.54	66.29	49.35
	16.84	14.18	13.74	11.36	11.70	11.37	7.28	5.57	5.65	5.25	2.59	1.93
Key metrics
	600.07	502.63	487.83	404.08	415.09	403.90	273.25	205.48	208.55	194.01	116.67	92.29
	29.60%	27.40%	29.80%	23.80%	27.00%	30.40%	23.70%	19.10%	18.80%	20.20%	12.80%	11.00%
	21.30%	19.80%	21.50%	17.10%	19.50%	21.90%	16.20%	13.30%	13.10%	14.00%	7.30%	5.90%
	17.00%	—	16.70%	—	18.50%	—	14.00%	—	—	—	—	—
	31.80%	38.00%	42.00%	58.40%	38.90%	38.80%	26.20%	28.00%	—	—	—	—
	44.00%	24.70%	88.60%	103.80%	107.10%	116.40%	181.30%	189.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	7,201	6,206	4,292	3,168	2,773	3,066	3,452	3,159	4,219	4,386
	148.08	90.84	62.59	22.55	33.93	25.74	65.76	59.51	58.30	240.09
	7,349	6,297	4,355	3,190	2,807	3,092	3,518	3,218	4,277	4,626
	5,360	4,584	3,535	2,927	2,769	3,271	3,432	3,520	3,943	4,307
	4,222	3,598	2,653	2,011	1,983	2,455	2,480	2,290	2,715	2,979
	0.00	0.00	0.00	—	—	—	—	—	—	—
	481.76	447.26	399.86	373.81	353.79	409.75	401.92	420.45	382.91	387.77
	21.04	14.75	14.31	28.30	42.01	38.65	59.36	68.19	66.43	88.28
	48.00	46.43	47.31	50.15	55.38	57.86	65.74	78.39	83.22	89.86
	764.06	678.55	517.06	397.27	348.03	390.85	366.75	672.56	611.64	678.37
	1,989	1,713	819.67	263.07	38.13	-179.65	85.88	-302.10	334.57	318.81
	-63.57	-63.57	0.00	—	-11.38	110.17	3.46	-53.56	—	—
	1,926	1,650	819.67	263.07	26.75	-69.48	89.34	-355.66	334.57	318.81
	488.62	416.47	211.34	82.02	28.24	19.86	29.02	53.10	121.90	110.05
	1,437	1,233	608.33	181.05	-1.49	-49.62	60.32	-302.56	212.67	208.76
	56.12	48.16	23.76	7.07	-0.06	-1.94	2.36	-11.82	8.31	—
Key metrics
	1,995	1,711	881.29	341.52	124.14	27.03	214.44	-209.08	484.22	496.95
	27.70%	27.60%	20.50%	10.80%	4.50%	0.90%	6.20%	-6.60%	11.50%	11.30%
	19.96%	19.90%	14.20%	5.70%	-0.10%	-1.60%	1.70%	-9.60%	5.00%	4.80%
	—	58.50%	44.60%	—	—	—	—	—	—	—
	41.34%	44.60%	35.50%	14.20%	-9.50%	-11.20%	9.30%	-25.10%	-3.80%	—
	56.22%	102.70%	236.00%	12,251.00%	97.00%	-182.30%	119.90%	-242.30%	1.90%	—
	—	1,521	816.21	—	—	—	—	—	—	—
	—	1.39	1.49	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-1,525	-471.19	—	—	—	—	—	—	—
	—	107.1	97.5	—	—	—	—	—	—	—
Balance sheet
	—	7,739	4,661	—	—	—	—	—	—	—
	—	6,520	3,672	—	—	—	—	—	—	—
	—	1,525	471.19	—	—	—	—	—	—	—
	—	2,172	1,469	—	—	—	—	—	—	—
	—	1,228	703.52	—	—	—	—	—	—	—
	—	598.13	426.81	—	—	—	—	—	—	—
	—	404.13	371.73	—	—	—	—	—	—	—
	—	1,580	1,026	—	—	—	—	—	—	—
	—	4,892	2,790	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	2,690	1,773	—	—	—	—	—	—	—
Cash flow
	—	1,710	903.58	—	—	—	—	—	—	—
	—	-510.82	-495.75	—	—	—	—	—	—	—
	—	-147.02	-69.06	—	—	—	—	—	—	—
	—	188.42	87.37	—	—	—	—	—	—	—

Compounded growth

Sales CAGR 3Y: +30.80%
Sales CAGR 5Y: +12.45%
Profit CAGR 3Y: —
Profit CAGR 5Y: +82.86%
Sales YoY (TTM): +41.34%
Profit YoY (TTM): +56.22%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 51.00%

Quarter	September 2026	June 2026
Promoter %	51.00%	51.00%

Holder	Type	Holding	Previous	Change
Grid Equipments Private Limited	Promoter	50.70%	50.70%	0.00%
Nippon Life India Trustee Ltd- A/C Nippon India Growth Mid Cap Fund	Public	3.06%	—	—
Kotak Midcap Fund	Public	2.67%	2.45%	+0.22%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund	Public	1.85%	1.75%	+0.10%
Sbi Life Insurance Co. Ltd	Public	1.70%	1.06%	+0.64%
Hsbc Mutual Fund - Hsbc Midcap Fund	Public	1.65%	1.81%	-0.16%
GE Grid Alliance B.V.	Promoter	0.30%	0.30%	0.00%
Grid Solutions Argentina S.A.	Promoter Group	0.00%	0.00%	0.00%
GRID SOLUTIONS CHILE S.A.	Promoter Group	0.00%	0.00%	0.00%
KAPES Inc	Promoter Group	0.00%	0.00%	0.00%
Grid Solutions Etudes Techniques	Promoter Group	0.00%	0.00%	0.00%
GE Vernova Inc	Promoter Group	0.00%	0.00%	0.00%
Grid Solutions Arabia Limited Company	Promoter Group	0.00%	0.00%	0.00%
GE Power & Grid Austria GmbH	Promoter Group	0.00%	0.00%	0.00%
GE Power Global B.V.	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bharat Heavy Electricals Ltd.	1,47,639	424.00	51.29	6.50%	+29.08% TTM	+415.37% TTM	+58.68%
ABB India Limited S	1,43,123	6,754.00	46.67	—	+7.92% TTM	+66.43% TTM	+28.89%
CG Power and Industrial Solutions Limited	1,32,631	841.85	97.18	19.30%	+23.76% TTM	+28.33% TTM	+12.62%
HITACHI ENERGY INDIA LIMITED S	1,29,262	29,000.40	112.37	24.90%	+40.17% TTM	+127.73% TTM	+41.26%
Siemens Ltd.	1,25,176	3,515.00	42.11	20.80%	—	—	+12.74%
GE Vernova T&D India Limited S	1,09,206	4,265.10	76.00	58.50%	+41.34% TTM	+56.22% TTM	+35.57%
Siemens Energy India Limited S	1,05,412	2,960.00	70.85	26.10%	—	—	-8.69%
SUZLON ENERGY LTD.	51,481	37.45	22.79	27.00%	+33.90% TTM	-28.79% TTM	-37.58%
Thermax Ltd.	39,095	3,280.95	66.19	15.40%	+4.68% TTM	-11.68% TTM	+0.66%
SCHNEIDER ELECTRIC INFRASTRUCTURE LIMITED S	27,448	1,147.95	149.28	24.90%	+9.56% TTM	-29.50% TTM	+28.95%
TD Power Systems Ltd	23,403	728.05	85.10	30.30%	+54.29% TTM	+45.27% TTM	+77.57%
Azad Engineering Limited	16,664	2,580.35	119.64	11.50%	+28.72% TTM	+40.92% TTM	+55.76%
Triveni Turbine Limited	15,868	499.15	47.21	32.00%	+17.70% TTM	-1.90% TTM	-6.73%
KARAMTARA ENGINEERING LIMITED	12,315	382.65	—	—	+36.52% FY26	+64.18% FY26	—
Atlanta Electricals Limited	11,643	1,514.10	51.86	34.60%	—	—	+50.82%
QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED	11,249	1,452.55	50.36	27.30%	+89.92% TTM	+82.64% TTM	+50.72%
Inox Wind Limited	10,986	63.57	26.34	10.40%	+17.10% TTM	-14.81% TTM	-58.92%
VOLTAMP TRANSFORMERS LIMITED S	10,133	10,015.35	31.34	22.30%	+22.89% TTM	-1.63% TTM	+35.97%
Elecon Engineering Co.Ltd.	9,841	438.55	40.22	18.60%	+2.58% TTM	-52.69% TTM	-22.35%
Transformers and Rectifiers (India) Limited	9,527	317.40	30.44	25.40%	+27.23% TTM	+23.01% TTM	-24.26%
Kanohar Electricals Limited S	8,509	941.15	—	—	—	—	—
Skipper Limited	6,581	538.95	26.79	22.20%	+16.04% TTM	+47.75% TTM	+4.65%
Powerica Ltd.	6,316	499.05	—	11.20%	—	—	—
Transrail Lighting Limited	6,115	454.60	14.60	31.90%	+14.51% TTM	+0.35% TTM	-35.99%
GE Power India Limited	4,196	624.10	15.45	47.60%	+18.73% TTM	+9.86% TTM	+106.66%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Update in intimation of Bagging/Receiving of orders/contracts4 Nov 2026 · Company Update / General
Newspaper Publication1 Nov 2026 · Company Update / Newspaper Publication
Audio recording of the Earnings Conference call held on October 30, 202631 Oct 2026 · Company Update / Analyst / Investor Meet
Press Release30 Oct 2026 · Company Update / Press Release / Media Release
Analyst Presentation30 Oct 2026 · Company Update / Investor Presentation
Outcome of Board Meeting held on October 30, 202630 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Earnings Conference call with Analysts / Institutional Investors23 Oct 2026 · Company Update / Analyst / Investor Meet
GE Vernova T&D India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve un-audited financial results ....12 Oct 2026 · Board Meeting / Board Meeting
Certificate under reg. 74 (5) of SEBI (DP) Regulations, 20187 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Advertisement5 Oct 2026 · Company Update / Newspaper Publication
Intimation of Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of ESG Rating23 Sep 2026 · Company Update / Credit Rating
Investor Presentation17 Sep 2026 · Company Update / Investor Presentation
Intimation of Schedule of Analyst/Institutional Investor Call/Meet under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201516 Sep 2026 · Company Update / Analyst / Investor Meet
Voting Results of the 70th Annual General Meeting of GE Vernova T&D India Limited held on 9th September 202611 Sep 2026 · AGM/EGM / AGM
Disclosure under Regulation 30 of SEBI ( Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding appointment/re-appointment of directors and Statutory Auditors in ....10 Sep 2026 · Company Update / General
Scrutinizer''s Report of the 70th Annual General Meeting10 Sep 2026 · AGM/EGM / AGM
Summary of Proceeding of the 70th Annual General Meeting (AGM) of GE Vernova T&D India Limited9 Sep 2026 · AGM/EGM / AGM
Intimation of Receipt of Order7 Sep 2026 · Company Update / Award of Order / Receipt of Order
Intimation of Resignation of Director26 Aug 2026 · Company Update / Resignation of Director
Newspaper Publication14 Aug 2026 · Company Update / Newspaper Publication
Earnings call Transcript14 Aug 2026 · Company Update / Earnings Call Transcript
Business Responsibility and Sustainability Report for the financial year 2025-2613 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report13 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 70th Annual General Meeting and Annual Report for the financial year 2025-2613 Aug 2026 · AGM/EGM / AGM
Communication for deduction of Tax on final Dividend for FY 2025-2612 Aug 2026 · Company Update / General
Newspaper publication12 Aug 2026 · Company Update / Newspaper Publication
Intimation of Audio recording of the Earnings Conference call held on August 7, 20267 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication7 Aug 2026 · Company Update / Newspaper Publication
Investor Presentation for the quarter ended June 30, 20267 Aug 2026 · Company Update / Investor Presentation
Press Release5 Aug 2026 · Company Update / Press Release / Media Release
Outcome of the Board Meeting5 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Earnings Conference call with analyst/intuitional investors30 Jul 2026 · Company Update / Analyst / Investor Meet
Intimation of revision of credit rating27 Jul 2026 · Company Update / Credit Rating
Intimation of completion of tenure of Independent Director Ms. Neera Saggi.26 Jul 2026 · Company Update / Change in Management
GE Vernova T&D India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/08/2026 ,inter alia, to consider and approve Board meeting intimation ....24 Jul 2026 · Board Meeting / Board Meeting
Certificate under regulation 74(5) SEBI (DP) Regulations, 20187 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund19 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Newspaper Advertisement w.r.t opening of Special Window for Transfer and Dematerialisation of Physical Shares10 Jun 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Dividend - Rs. - 10.0000	21 Aug 2026	21 Aug 2026	—
Final Dividend - Rs. - 5.0000	22 Aug 2025	22 Aug 2025	—
Final Dividend - Rs. - 2.0000	28 Aug 2024	28 Aug 2024	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
5 Aug 2026 Board Meeting - Financial Results