Capital Goods · NIFTY 500

GE Vernova T&D India Limited

NSEGVT&D BSE522275 ISININE200A01026 SeriesEQ Listed on NSE · BSE

₹4,200.00 -23.40 (-0.55%) Updated 12 Nov, 8:49 pm IST

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Price, daily close+27.69% in a year

Today

Open: ₹4,257.00
Prev close: ₹4,223.40
Day high: ₹4,297.30
Day low: ₹4,121.60
Volume: 7.07 L
Value traded: ₹296.83 Cr
Upper circuit: ₹4,294.20
Lower circuit: ₹4,044.20
52W high: ₹5,650.00
52W low: ₹2,523.20
1 month: -4.33%
6 months: -9.36%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Standalone) and today's price. TTM = last four quarters.

Market cap₹107,541 Cr

P/E (TTM)74.84

P/B32.64

Book value / share₹128.67

EPS (TTM)₹56.12

ROE43.6%

Dividend yield0.24%

Dividend (12m)₹10.00 / share

Net margin (TTM)20.0%

Operating margin27.1%

Debt / equity0.00

Current ratio1.40

EV / EBITDA56.95

Sales growth (YoY qtr)+31.75%

Profit growth (YoY qtr)+44.05%

Sales CAGR 3Y+30.80%

Profit CAGR 3Y—

Shares25.61 Cr

Quarterly results

Results for each quarter

Last 12 quarters, standalone, ₹ crore. Hover a bar to see the number.

Revenue and net profit

83949.4

Dec 23

91466.3

Mar 24

958135

Jun 24

1,108145

Sep 24

1,074143

Dec 24

1,153186

Mar 25

1,330291

Jun 25

1,538299

Sep 25

1,701291

Dec 25

1,637352

Mar 26

1,836363

Jun 26

2,027431

Sep 26

Revenue · QoQ (vs last quarter)

—+8.9%+4.9%+16%-3.1%+7.3%+15%+16%+11%-3.7%+12%+10%

Revenue · YoY (vs a year ago)

————+28%+26%+39%+39%+58%+42%+38%+32%

Net profit · QoQ (vs last quarter)

—+34%+103%+7.5%-1.3%+31%+56%+2.8%-2.9%+21%+3.2%+19%

Net profit · YoY (vs a year ago)

————+189%+181%+116%+107%+104%+89%+25%+44%

RevenueNet profitLine = trend

1.93

Dec 23

2.59

Mar 24

5.25

Jun 24

5.65

Sep 24

5.57

Dec 24

7.28

Mar 25

11.37

Jun 25

11.70

Sep 25

11.36

Dec 25

13.74

Mar 26

14.18

Jun 26

16.84

Sep 26

EPS (₹) · YoY (vs a year ago)

————+189%+181%+117%+107%+104%+89%+25%+44%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	839	914	958	1,108	1,074	1,153	1,330	1,538	1,701	1,637	1,836	2,027
Other income	-4.3	5.7	11.8	3.9	25.8	21.1	16.3	18.6	18.8	37.2	41.8	50.3
Total income	835	919	970	1,112	1,099	1,174	1,346	1,557	1,719	1,674	1,878	2,077
Raw material	548	566	571	672	653	758	721	924	954	998	1,090	1,180
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Employee cost	94.0	94.4	90.2	120	99.8	89.7	97.2	119	113	118	112	138
Other expenses	114	97.8	114	132	126	146	159	156	158	206	186	215
Total expenses	762	818	790	918	910	918	956	1,156	1,260	1,211	1,391	1,497
Operating profit	96.6	111	182	205	180	252	388	396	385	451	461	550
OPM %	11.5%	12.1%	19.0%	18.5%	16.7%	21.9%	29.1%	25.8%	22.7%	27.5%	25.1%	27.1%
Finance cost	7.0	3.2	2.0	2.8	3.9	5.7	2.8	2.2	2.8	7.0	3.4	7.8
Depreciation	12.4	12.3	12.1	12.1	11.7	11.5	11.1	11.6	11.6	12.1	12.1	12.2
Exceptional items	—	—	—	—	—	—	—	—	-69.3	5.7	—	—
Profit before tax	73.0	101	180	194	190	256	390	401	390	469	487	580
Tax	23.6	34.9	45.4	49.1	47.2	69.6	98.8	102	98.9	117	124	149
Net profit	49.4	66.3	135	145	143	186	291	299	291	352	363	431
EPS (₹)	1.93	2.59	5.25	5.65	5.57	7.28	11.37	11.70	11.36	13.74	14.18	16.84

Profit & loss

Results for each year

8 financial years (April to March), standalone, ₹ crore.

Sales, operating profit and net profit

4,219426213

FY19

3,159-269-303

FY20

3,45214960.3

FY21

3,0661.3-89.3

FY22

2,77390.2-1.5

FY23

3,168319181

FY24

4,292819608

FY25

6,2061,6201,233

FY26

Revenue · YoY (vs a year ago)

—-25%+9.3%-11%-9.5%+14%+35%+45%

Net profit · YoY (vs a year ago)

—-242%+120%-248%+98%+12,251%+236%+103%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	4,219	3,159	3,452	3,066	2,773	3,168	4,292	6,206
Other income	58.3	59.5	65.8	25.7	33.9	22.6	62.6	90.8
Total expenses	3,943	3,520	3,432	3,271	2,769	2,927	3,535	4,584
Employee cost	383	420	402	410	354	374	400	447
Operating profit	426	-269	149	1.3	90.2	319	819	1,620
OPM %	10.1%	-8.5%	4.3%	0.0%	3.3%	10.1%	19.1%	26.1%
Finance cost	66.4	68.2	59.4	38.7	42.0	28.3	14.3	14.8
Depreciation	83.2	78.4	65.7	57.9	55.4	50.2	47.3	46.4
Profit before tax	335	-356	89.3	-69.5	26.8	263	820	1,650
Tax	122	-53.1	29.0	19.9	28.2	82.0	211	416
Tax rate %	36.4%	—	32.5%	—	105.6%	31.2%	25.8%	25.2%
Net profit	213	-303	60.3	-89.3	-1.5	181	608	1,233
Net margin %	5.0%	-9.6%	1.7%	-2.9%	-0.1%	5.7%	14.2%	19.9%
EPS (₹)	8.31	-11.82	2.36	-1.94	-0.06	7.07	23.76	48.16

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

1,07322044.7

Mar 23

1,2430.4132

Mar 24

1,773471

Mar 25

2,6901,525

Mar 26

3,29510.62,386

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+16%+43%+52%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	1,073	1,243	1,773	2,690	3,295
Long-term borrowings	0.0	0.0	0.0	0.0	0.0
Short-term borrowings	220	0.4	0.0	0.0	10.6
Total borrowings	220	0.4	—	—	10.6
Current liabilities	2,464	2,251	2,790	4,892	5,231
Fixed assets (PPE)	413	393	372	404	392
Inventories	644	589	704	1,228	1,360
Trade receivables	1,551	1,438	1,469	2,172	2,048
Cash & equivalents	44.7	132	471	1,525	2,386
Current assets	2,666	2,634	3,672	6,520	7,304
Total assets	3,679	3,584	4,661	7,739	8,689
Debt / equity	0.20	0.00	—	—	0.00

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

8.2116-102

FY22

-37.33.08.6

FY23

518-172-259

FY24

904-496-69.1

FY25

1,710-511-147

FY26

Operations · YoY (vs a year ago)

—-555%+1,488%+74%+89%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	8.2	-37.3	518	904	1,710
Cash from investing	116	3.0	-172	-496	-511
Cash from financing	-102	8.6	-259	-69.1	-147
Spent on fixed assets	-24.9	-16.4	-29.2	-87.4	-188
Free cash flow	-16.6	-53.8	489	816	1,521
Net cash flow	21.5	-25.8	87.3	339	1,052

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

75.0%Dec 23

75.0%Mar 24

75.0%Jun 24

59.4%Sep 24

51.0%Dec 24

51.0%Mar 25

51.0%Jun 25

51.0%Sep 25

51.0%Dec 25

51.0%Mar 26

51.0%Jun 26

51.0%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

51.0%promoter

Promoter & group: 51.00%
Public (FIIs, mutual funds, retail…): 49.00%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Rs 10 Per ShareEx 21-Aug-2026
Dividend - Rs 5 Per ShareEx 22-Aug-2025
Dividend - Rs 2 Per ShareEx 28-Aug-2024
Annual General MeetingEx 14-Aug-2023
Annual General MeetingEx 02-Aug-2022
Annual General MeetingEx 29-Jul-2021
Annual General MeetingEx 18-Sep-2020
Annual General Meeting/Dividend - Rs 1.80 Per ShareEx 16-Jul-2019

Board meetings

the financial results for the period ended September 30, 2026 and other business matters30-Oct-2026
GE VERNOVA T&D INDIA LIMITED has informed the Exchange about Board Meeting to be held on 30-Oct-2026 to inter-alia consider and approve the Unaudited…30-Oct-2026
the financial results for the period ended Jun 30, 202605-Aug-2026
GE VERNOVA T&D INDIA LIMITED has informed the Exchange about Board Meeting to be held on 05-Aug-2026 to inter-alia consider and approve the Unaudited…05-Aug-2026
the financial results for the period ended March 31, 2026, dividend and other business matters18-May-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates5 Nov
General Updates4 Nov
Copy of Newspaper Publication1 Nov
Analysts/Institutional Investor Meet/Con. Call Updates31 Oct
Press Release30 Oct
Investor Presentation30 Oct
Outcome of Board Meeting30 Oct

Latest news

GE Vernova T&D India shares jump 8% to lead midcap gainers; Nomura sees big upside post HVDC orderMoneycontrol.com · 8 Sep, 12:30 pm GE Vernova T&D India shares jump 9% on Rs 13,000 cr order; Nomura ups target priceBusiness Today · 8 Sep, 12:30 pm GE Vernova T&D India: Stock jumps 8% as company emerges L1 bidder for 6,000 MW HVDC projectUpstox · 7 Sep, 12:30 pm GE Vernova T&D India: Order inflow in FY26 up 37 per centT&D India · 20 May, 12:30 pm GE Vernova T&D India Ltd Stock Price: GE T&D India Share Price TodayIndia Infoline · 8 Jun, 7:13 pm GE Vernova T&D India Share Price Today After 3.06% FallUnivest · 21 Oct, 12:30 pm Why GE Vernova T&D India Share Price is Rising?Equitymaster · 8 Sep, 12:30 pm GE Vernova T&D India Ltd Forms Death Cross Signalling Potential Bearish TrendMarketsMojo · 11 Nov, 8:19 pm

About

About GE Vernova T&D India Limited

GE Vernova T&D India Limited is listed on the NSE under the symbol GVT&D and belongs to the Capital Goods sector.

Company details

Company name: GE Vernova T&D India Limited
NSE symbol: GVT&D
BSE scrip code: 522275
ISIN: INE200A01026
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 30 Jun 2008
Face value: ₹2 per share
Market lot: 1 share
Shares issued: 25.61 crore
Index: NIFTY 500
Sector (NSE): Capital Goods
Industry: Electrical Products
Managing director / CEO: Sandeep Zanzaria
Chair: Rathindra Nath Basu
Financial year: April to March
Results basis: Standalone

Peers

Other Capital Goods stocks

Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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GE Vernova T&D India Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers