Power & Instrumentation (Gujarat) Limited

BSE: PIGL543912ISIN INE557Z01018

Industrials
Other Electrical Equipment

Share price

₹99.54+4.63 (+4.88%)

as of 4 Nov 2026

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

52W high: ₹165.50
52W low: ₹81.20
Off 52W high: -39.85%
1M return: +3.28%
3M return: -7.75%
6M return: -11.87%
1Y return: -32.17%
20D avg volume: 2,416
50 DMA: ₹97.43
200 DMA: ₹106.16

Key ratios Consolidated

Market cap: ₹208.82 Cr
Current price: ₹99.54
52W high / low: ₹165.50 / ₹81.20
Face value: ₹10.00
P/E: 13.80
P/B: 1.38
EPS (TTM): ₹7.21
Book value / share: ₹72.10
ROE: —
ROCE: 13.20%
Operating margin: —
Net margin: —
Debt / equity: 0.08
Net debt: ₹8.94 Cr
Interest cover: 5.17
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 139.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	48.90	58.53	48.66	70.27	41.30	55.09	33.37	54.92	25.47	—
	0.44	0.42	0.23	0.64	0.25	0.30	0.78	0.82	0.53	—
	49.33	58.95	48.89	70.91	41.55	55.39	34.14	55.74	26.00	—
	45.44	54.06	44.29	64.57	38.06	50.98	30.30	50.55	23.50	—
	2.59	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	42.71	58.74	41.08	65.71	36.97	49.99	28.80	52.07	17.18	—
	1.36	1.61	1.39	1.13	1.07	1.11	1.06	0.95	0.79	—
	1.27	1.67	1.40	0.80	0.73	0.96	0.56	0.78	1.09	—
	0.29	0.27	0.16	0.11	0.05	0.07	0.06	0.06	0.06	—
	1.94	2.58	2.09	0.20	1.28	1.16	1.17	2.04	2.38	—
	3.89	4.89	4.60	6.34	3.50	4.41	3.85	5.20	2.50	—
	0.00	-0.02	-0.06	0.00	0.00	0.00	0.00	0.00	0.00	—
	3.89	4.87	4.53	6.34	3.50	4.41	3.85	5.20	2.50	—
	0.84	0.57	0.96	1.60	0.91	1.30	0.97	1.31	0.63	—
	3.05	3.93	3.57	4.71	2.62	2.81	3.19	3.89	1.87	—
	1.44	1.32	1.82	2.66	1.50	1.49	1.94	2.69	3.70	—
Key metrics
	5.45	6.81	6.09	7.25	4.28	5.44	4.47	6.04	3.65	—
	11.10%	11.60%	12.50%	10.30%	10.40%	9.90%	13.40%	11.00%	14.30%	—
	6.20%	6.70%	7.30%	6.70%	6.30%	5.10%	9.60%	7.10%	7.30%	—
	—	3.60%	—	4.70%	—	4.70%	—	—	—	—
	18.40%	6.20%	45.80%	27.90%	62.20%	—	—	—	—	—
	16.40%	39.90%	11.90%	21.10%	40.10%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	226.36	218.76	168.84	—
	1.73	1.54	2.43	—
	228.08	220.30	171.28	—
	208.36	200.99	155.32	—
	2.59	0.00	0.00	—
	208.24	202.51	148.03	—
	5.49	5.19	3.92	—
	5.14	4.61	3.38	—
	0.83	0.59	0.25	—
	6.81	6.16	6.74	—
	19.72	19.32	15.95	—
	-0.08	-0.08	0.00	—
	19.63	19.24	15.95	—
	3.97	4.03	4.20	—
	15.26	14.84	11.76	—
	7.24	4.54	6.61	—
Key metrics
	25.60	24.44	19.58	—
	11.31%	11.20%	11.60%	—
	6.74%	6.80%	7.00%	—
	—	13.20%	16.80%	—
	22.57%	29.60%	—	—
	21.98%	26.20%	—	—
	—	-6.11	-40.20	—
	—	-0.34	-3.39	—
	—	0.08	0.16	—
	—	8.94	17.74	—
	—	139.1	168.0	—
Balance sheet
	—	234.28	173.49	—
	—	129.40	139.86	—
	—	3.78	0.35	—
	—	41.77	60.39	—
	—	83.79	47.80	—
	—	-4.98	27.48	—
	—	12.57	0.49	—
	—	42.17	30.48	—
	—	52.99	58.10	—
	—	12.72	18.09	—
	—	1.09	13.80	—
	—	11.63	4.29	—
	—	167.36	110.58	—
Cash flow
	—	-5.02	-39.89	—
	—	-13.65	-11.84	—
	—	21.78	51.72	—
	—	1.09	0.31	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	40.68	46.27	44.60	67.87	41.30	55.09	33.37	54.92	25.47	—
	0.40	0.40	0.22	0.63	0.25	0.30	0.78	0.82	0.53	—
	41.07	46.67	44.82	68.50	41.55	55.39	34.14	55.74	26.00	—
	37.57	42.99	40.83	62.44	38.06	50.98	30.30	50.55	23.50	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	38.19	48.99	39.72	62.57	36.97	49.99	28.80	52.07	17.18	—
	1.08	1.34	1.05	1.03	1.07	1.11	1.06	0.95	0.79	—
	1.08	1.44	1.17	0.72	0.73	0.96	0.56	0.78	1.09	—
	0.13	0.17	0.09	0.08	0.05	0.07	0.06	0.06	0.06	—
	1.59	2.04	1.70	0.14	1.28	1.16	1.17	2.04	2.38	—
	3.50	3.68	3.99	6.06	3.50	4.41	3.85	5.20	2.50	—
	0.00	0.00	-0.04	0.00	0.00	0.00	—	—	—	—
	3.50	3.68	3.94	6.06	3.50	4.41	3.85	5.20	2.50	—
	0.85	0.21	0.67	1.54	0.91	1.30	0.97	1.31	0.63	—
	2.66	3.07	3.28	4.52	2.58	3.11	2.88	3.89	1.87	—
	1.25	1.32	1.83	2.55	1.48	1.66	1.79	2.69	3.70	—
Key metrics
	4.71	5.29	5.20	6.86	4.28	5.44	4.47	6.04	3.65	—
	11.60%	11.40%	11.70%	10.10%	10.40%	9.90%	13.40%	11.00%	14.30%	—
	6.50%	6.60%	7.40%	6.70%	6.20%	5.60%	8.60%	7.10%	7.30%	—
	—	3.40%	—	5.60%	—	4.70%	—	—	—	—
	-1.50%	-16.00%	33.70%	23.60%	62.20%	—	—	—	—	—
	3.10%	-1.30%	13.90%	16.20%	38.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	199.42	200.04	168.84	—
	1.65	1.50	2.43	—
	201.06	201.54	171.28	—
	183.83	184.32	155.32	—
	0.00	0.00	0.00	—
	189.47	188.26	148.03	—
	4.50	4.48	3.92	—
	4.41	4.06	3.38	—
	0.47	0.40	0.25	—
	5.47	5.16	6.74	—
	17.23	17.23	15.95	—
	-0.04	-0.05	0.00	—
	17.18	17.18	15.95	—
	3.27	3.33	4.20	—
	13.53	13.45	11.75	—
	6.95	7.71	6.61	—
Key metrics
	22.06	21.64	19.58	—
	11.06%	10.80%	11.60%	—
	6.78%	6.70%	7.00%	—
	—	13.90%	16.80%	—
	7.98%	18.50%	—	—
	8.59%	14.50%	—	—
	—	-8.21	-40.20	—
	—	-0.57	-3.39	—
	—	0.16	0.16	—
	—	20.42	17.74	—
	—	130.3	168.1	—
Balance sheet
	—	219.01	173.44	—
	—	146.90	139.92	—
	—	3.53	0.35	—
	—	37.84	60.45	—
	—	65.85	47.80	—
	—	33.15	27.48	—
	—	1.31	0.49	—
	—	32.26	30.48	—
	—	66.21	58.10	—
	—	23.95	18.09	—
	—	18.30	13.80	—
	—	5.65	4.29	—
	—	146.83	110.53	—
Cash flow
	—	-7.64	-39.89	—
	—	-13.10	-11.84	—
	—	23.93	51.72	—
	—	0.57	0.31	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +7.98%
Profit YoY (TTM): +8.59%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +22.57%
Profit YoY (TTM): +21.98%

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: 50.69%

Quarter	September 2026	June 2026	December 2025
Promoter %	50.69%	50.69%	46.29%

Holder	Type	Holding	Previous	Change
PADMARAJ PADMNABHAN PILLAI	Promoter	15.40%	15.40%	0.00%
PADMAVIR HOSPITALITY LLP	Promoter Group	8.03%	8.03%	0.00%
PADMAVATI PADMANABHAN PILLAI	Promoter	7.99%	7.99%	0.00%
POWER INFRA CONS PRIVATE LIMITED	Promoter Group	7.79%	7.79%	0.00%
KAVITA PADMARAJ PILLAI	Promoter Group	5.50%	5.50%	0.00%
PADMARAJ P PILLAI HUF	Promoter Group	3.78%	3.78%	0.00%
KASHEE INNOVATION	Public	1.89%	1.89%	0.00%
SHREEKALA PADMANABHAN PILLAI	Promoter Group	1.35%	1.35%	0.00%
SUMITKUMAR RAMESH GUPTA	Public	1.29%	1.39%	-0.10%
MITHUN KHAITAN	Public	1.14%	—	—
ARIHANT BHARAT ADVANTAGE FUND	Public	1.13%	—	—
PADMARAJ PADMANABH PILLAI	Promoter Group	0.85%	0.85%	0.00%
SRIRAM PADMANABHAN NAIR	Promoter Group	0.00%	0.00%	0.00%
SREELATHA PADMANABHAN NAIR	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
Waaree Energies Limited	69,097	2,402.10	17.82	30.60%	+75.43% TTM	+38.40% TTM	-28.70%
Apar Industries Ltd	66,997	16,000.25	48.65	29.20%	+23.42% TTM	+46.58% TTM	+91.81%
Premier Energies Limited	41,021	903.65	24.51	27.80%	+26.70% TTM	+59.90% TTM	-13.70%
Diamond Power Infrastructure Limited	23,020	384.90	83.20	10.60%	+109.34% TTM	+347.90% TTM	+147.13%
MTAR Technologies Limited	18,572	6,037.65	139.17	15.30%	+53.39% TTM	+125.19% TTM	+138.94%
Emmvee Photovoltaic Power Limited	17,052	246.30	12.02	34.80%	—	—	—
Avalon Technologies Limited	13,630	2,037.85	102.02	21.90%	+44.38% TTM	+67.08% TTM	+77.35%
Fujiyama Power Systems Limited	12,055	392.80	—	—	—	—	—
Genus Power Infrastructures Ltd	8,724	286.75	13.39	27.40%	+74.17% TTM	+62.75% TTM	-18.78%
WAAREE RENEWABLE TECHNOLOGIES LIMITED	7,643	732.20	16.04	62.50%	+77.69% TTM	+36.11% TTM	-39.28%
Ram Ratna Wires Ltd.	4,979	533.35	35.13	26.60%	+71.52% TTM	+89.64% TTM	+70.55%
Vikram Solar Limited	4,892	135.00	13.71	21.50%	—	—	-58.10%
Saatvik Green Energy Limited	4,666	367.10	18.83	30.80%	—	—	-30.50%
Yash Highvoltage Limited	3,709	1,240.95	—	27.50%	—	—	+151.48%
Websol Energy System Limited S	2,977	68.57	9.50	48.30%	+76.28% TTM	+57.56% TTM	-43.34%
RAVINDRA ENERGY LIMITED	2,817	141.85	48.42	11.30%	+30.04% TTM	+52.97% TTM	—
Rishabh Instruments Limited	2,488	640.80	30.24	13.50%	+5.63% TTM	+117.94% TTM	+64.31%
Modern Insulators Ltd. S	2,195	465.70	22.93	17.30%	+41.45% TTM	+101.32% TTM	+211.92%
ADVAIT ENERGY TRANSITIONS LIMITED	2,058	1,879.35	29.21	28.00%	+47.68% TTM	+64.93% TTM	+6.94%
Schneider Electric President Systems Ltd S	1,847	2,482.25	—	—	—	—	—
HINDUSTHAN INSULATORS and INDUSTRIES LIMITED	1,726	797.30	—	-3.90%	-10.45% TTM	-31.32% TTM	+446.08%
RIR POWER ELECTRONICS LIMITED S	1,163	146.20	123.90	5.90%	+13.31% TTM	+6.92% TTM	-44.25%
MODISON LIMITED	1,160	357.50	10.25	37.30%	+84.80% TTM	+255.83% TTM	+147.06%
Salzer Electronics Ltd.	867	490.45	19.32	18.20%	+20.81% TTM	-36.73% TTM	-36.19%
INDO SMC Limited S	819	358.55	19.93	29.00%	—	—	—
Power & Instrumentation (Gujarat) Limited	209	99.54	13.80	13.20%	+22.57% TTM	+21.98% TTM	-32.17%

Filings & corporate actions

Recent announcements

Power And Instrumentation (Gujarat) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/11/2026 ,inter alia, to consider and approve Financial ....4 Nov 2026 · Board Meeting / Board Meeting
As Attached12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Scrutinizer Report29 Sep 2026 · AGM/EGM / AGM
Intimation of Trading Window Closure for the Quarter and half year ended on September 30 , 202625 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Proceedings of 42nd AGM of the Company25 Sep 2026 · AGM/EGM / AGM
PFA19 Sep 2026 · Company Update / Award of Order / Receipt of Order
PFA11 Sep 2026 · Company Update / General
Newspaper Publication for the AGM and E-voting related matters4 Sep 2026 · Company Update / Newspaper Publication
Letter to Shareholders for the Weblink under Reg. 36(1)(b) of SEBI LODR , 20152 Sep 2026 · Company Update / General
Notice of AGM of the Company to be held on September 25, 20262 Sep 2026 · AGM/EGM / AGM
Annual Report of the Company for the year 2025-262 Sep 2026 · Others / Reg. 34 (1) Annual Report
Newspaper Advertisement for the Upcoming AGM through AV/OAVM2 Sep 2026 · Company Update / Newspaper Publication
Outcome of Board Meeting Held on 25th August 202625 Aug 2026 · Board Meeting / Outcome of Board Meeting
Power And Instrumentation (Gujarat) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/08/2026 ,inter alia, to consider and approve To consider ....20 Aug 2026 · Board Meeting / Board Meeting
PFA17 Aug 2026 · Company Update / Newspaper Publication
PFA14 Aug 2026 · Result / Financial Results
PFA14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Power And Instrumentation (Gujarat) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve the Unaudited ....10 Aug 2026 · Board Meeting / Board Meeting
Compliance Certificate under 74 (5) of SEBI (DP) Regulation 2018 for the Quarter ended on 30 June 202614 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As attached23 Jun 2026 · Company Update / Award of Order / Receipt of Order
PFA1 Jun 2026 · Company Update / Newspaper Publication
PFA30 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
PFA30 May 2026 · Result / Financial Results
As Attached30 May 2026 · Board Meeting / Outcome of Board Meeting
Receipt of the Order from Ajmer Viduyt Vitran Nigam Limited28 May 2026 · Company Update / Award of Order / Receipt of Order
Power And Instrumentation (Gujarat) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve 1. To Consider ....25 May 2026 · Board Meeting / Board Meeting
Announcement under Reg. 30 of SEBI LODR, 201520 May 2026 · Company Update / General
Order Bagging of Rs. 2.61 cr by the Company29 Apr 2026 · Company Update / Award of Order / Receipt of Order
Please find the attached certificate under Regulation 74(5) of SEBI (DP) Regulations, 201810 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Appointment of Company Secretary and Compliance officer of the Company3 Apr 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Disclosure under Regulation 30 of SEBI (LODR) Regulations 2015 - Resignation of Company Secretary & Compliance officer of the Company3 Apr 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Intimation for closure of trading window25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation under Regulation 30 of SEBI (LODR) Regulation 2015 - for receipt of order25 Mar 2026 · Company Update / Award of Order / Receipt of Order
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padmavir Hospitality LLP23 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padmaraj P Pillai HUF20 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Disclosure under Regulations 30 of SEBI (LODR) Regulations 2015 - Allotment of Equity shares upon conversion of warrants under Preferential issue19 Mar 2026 · Company Update / Allotment of Equity Shares
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, we would like to inform you that the Board of Directors of the Company, at its ....19 Mar 2026 · Others / Outcome without intimation
Acquisition of additional 8.94% shares of Peaton Electrical Company Limited18 Mar 2026 · Company Update / Acquisition
Disclosure under Regulation 30 of SEBI (LODR) Regulations 2015 - Allotment of Equity shares upon conversion of warrants under Preferential issue18 Mar 2026 · Company Update / Allotment of Equity Shares
Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, we would like to inform you that the Board of Directors of the Company, at its meeting held ....18 Mar 2026 · Others / Outcome without intimation

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.2000	19 Sep 2025	19 Sep 2025	—
Final Dividend - Rs. - 0.2000	23 Sep 2024	23 Sep 2024	—

Board meetings

14 Aug 2026 Board Meeting - Financial Results