CG Power and Industrial Solutions Limited (CGPOWER.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-26.6%

₹596.85

vs ₹813.35 price

Levered DCF

₹377.06

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

15.61

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	84.85×	96.39×	55.06×	47.25×	28.19×	4.48×	-0.24×	-7.03×
P/B	12.84×	24.48×	26.04×	25.41×	25.67×	-68.55×	-3.68×	1.66×
P/S	8.24×	9.59×	9.88×	6.6×	4.76×	1.99×	0.09×	0.45×
EV / EBITDA	55.71×	63.31×	62.42×	40.28×	27.99×	3.86×	-3.91×	46.43×
Gross margin	21.8%	29.0%	29.8%	29.2%	27.4%	32.1%	18.8%	36.0%
Operating margin	11.5%	12.3%	13.2%	13.2%	10.1%	-0.8%	-14.8%	2.4%
Net margin	9.7%	9.9%	17.9%	14.0%	16.9%	44.3%	-26.2%	-6.4%
Current ratio	1.91×	1.67×	1.64×	1.09×	0.86×	0.68×	0.38×	0.7×
Debt / equity	0.01×	0.01×	0.01×	0.01×	0.37×	-17.52×	-26.18×	1.69×
Interest coverage	117.48×	57.38×	62.68×	32.33×	6.72×	-0.11×	-2.05×	0.43×
Dividend yield	0.2%	0.2%	0.3%	0.5%	0.0%	0.0%	0.0%	0.0%
Payout ratio	17.0%	20.4%	13.9%	23.8%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.1%	25.4%	47.3%	53.8%	91.0%	-1529.2%	1110.3%	-23.6%
Return on invested capital	12.4%	20.6%	25.5%	39.4%	32.3%	-1.4%	-22.7%	4.0%
Return on assets	9.5%	13.1%	25.4%	20.6%	21.6%	29.4%	-19.7%	-4.9%
Free cash flow yield	-0.0%	0.5%	0.2%	1.9%	1.6%	-4.5%	143.7%	19.1%
Earnings yield	1.2%	1.0%	1.8%	2.1%	3.5%	22.3%	-302.0%	-14.2%
Enterprise value	₹1T	₹928.8B	₹783.9B	₹448.3B	₹257.1B	₹68B	₹33.8B	₹69.3B
Net debt / EBITDA	-0.1×	-0.83×	-0.15×	-0.6×	-0.03×	0.57×	-3.4×	22.74×
Cash conversion cycle (days)	53	36	22	30	19	14	-4	25