GE Power India Limited (GVPIL.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

-77.9%

₹130.61

vs ₹589.75 price

Levered DCF

₹339.87

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	10.22×	8.43×	9.49×	-1.51×	-3.54×	27.39×	45.32×	65.11×
P/B	4.43×	5.41×	28×	2.87×	1.51×	1.99×	3.29×	6.01×
P/S	2.03×	1.64×	1.84×	0.64×	0.57×	0.74×	0.96×	2.92×
EV / EBITDA	5.98×	1,119.96×	-21.5×	-14.09×	-5.15×	-14.62×	13.95×	24.07×
Gross margin	24.3%	8.9%	31.2%	19.6%	20.0%	18.1%	10.6%	39.3%
Operating margin	19.5%	-8.1%	-5.9%	-15.4%	-17.3%	-7.0%	3.5%	5.7%
Net margin	19.9%	19.4%	19.4%	-42.6%	-24.6%	-11.0%	2.1%	4.5%
Current ratio	1.34×	1.13×	1.41×	1.08×	1.23×	1.15×	1×	1.25×
Debt / equity	0.03×	0.09×	0.42×	0.7×	0.53×	0.4×	0.47×	0.15×
Interest coverage	11.29×	-3.42×	-0.92×	-2.25×	-3.21×	-2.49×	3.5×	8.55×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.7%	0.7%	1.5%	0.4%
Payout ratio	0.0%	0.0%	0.0%	0.0%	-1.5%	-4.7%	69.0%	28.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	43.4%	64.1%	295.0%	-189.5%	-65.2%	-29.7%	7.3%	9.2%
Return on invested capital	34.0%	-20.8%	-6.2%	-25.7%	-23.6%	-15.9%	9.1%	4.4%
Return on assets	11.8%	10.1%	7.9%	-17.1%	-15.4%	-8.4%	1.8%	2.5%
Free cash flow yield	18.8%	18.6%	8.7%	13.0%	4.3%	-24.9%	-18.0%	-4.5%
Earnings yield	9.8%	11.9%	10.5%	-66.1%	-43.1%	-15.0%	2.2%	1.5%
Enterprise value	₹21.7B	₹13B	₹18.2B	₹6.9B	₹11.7B	₹21.5B	₹33.4B	₹52.7B
Net debt / EBITDA	-1.14×	-356.23×	1.31×	-0.47×	-0.64×	-1.51×	0.62×	-1.1×
Cash conversion cycle (days)	195	242	321	445	345	196	97	199