GE Vernova T&D India Limited

Capital Goods · Electrical Equipment

NSE: GVT&D BSE: 522275

₹4247.50

Oct. 5, 2026 · NSE · nse_bhavcopy

Peers in Electrical Equipment

The largest companies in the same industry by market cap. This company ranks #7 of 95. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Bharat Heavy Electricals Limited	149,381	61.8	6.1%	74.9%	—	54	36	32
ABB India Limited	146,111	93.9	13.6%	32.1%	1.73%	73	0	28
Hitachi Energy India Limited	140,403	122.1	19.1%	73.0%	0.03%	81	33	31
CG Power and Industrial Solutions Limited	138,960	99.7	14.5%	18.4%	0.15%	81	0	30
Siemens Limited	131,804	106.4	11.2%	13.8%	0.49%	72	0	29
Siemens Energy India Limited	118,104	79.4	—	2.5%	0.12%	94	0	66
GE Vernova T&D India Limited (this stock)	108,756	83.3	45.8%	35.0%	0.24%	94	31	31
Apar Industries Limited	75,797	62.2	18.1%	113.6%	0.33%	62	25	50

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹107,231 Cr

EV / EBITDA

59.3x

EV / Sales

15.98x

Market cap / Sales

16.20x

Earnings yield

1.20%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 1,878 Cr, up 39.5% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 363 Cr, up 24.7% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	1,836	487	363	₹14.1800
March 31, 2026	1,637	469	352	₹13.7400
Dec. 31, 2025	1,701	390	291	₹11.3600
Sept. 30, 2025	1,538	401	299	₹11.7000
June 30, 2025	1,330	390	291	₹11.3700
March 31, 2025	1,153	256	186	₹7.2800
Dec. 31, 2024	1,074	190	143	₹5.5720
Sept. 30, 2024	1,108	194	145	₹5.6530
June 30, 2024	958	180	135	₹5.2540
March 31, 2024	914	101	66	₹2.5900
Dec. 31, 2023	839	73	49	₹1.9300
Sept. 30, 2023	698	50	37	₹1.4520
June 30, 2023	718	39	49	₹1.1030

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	1,878	1,674	1,719	1,557	1,346	1,174	1,099	1,112	970	919	835	707	730
Operating revenue	1,836	1,637	1,701	1,538	1,330	1,153	1,074	1,108	958	914	839	698	718
Other income	42	37	19	19	16	21	26	4	12	6	-4	9	12
Operating expenses	1,375	1,192	1,246	1,142	943	900	894	903	776	803	742	637	667
Operating profit	461	445	455	396	388	252	180	205	182	111	97	61	51
Operating profit margin	25.1%	27.2%	26.7%	25.8%	29.1%	21.9%	16.7%	18.5%	19.0%	12.1%	11.5%	8.7%	7.1%
Depreciation	12	12	12	12	11	11	12	12	12	12	12	13	13
Interest	3	7	3	2	3	6	4	3	2	3	7	7	11
Exceptional items, gain / (loss)	—	6	-69	—	—	—	—	—	—	—	—	—	—
Profit before tax	487	469	390	401	390	256	190	194	180	101	73	50	39
Tax	124	117	99	102	99	70	47	49	45	35	24	13	-10
Net profit	363	352	291	299	291	186	143	145	135	66	49	37	49
EPS	14.18	13.74	11.36	11.70	11.37	7.28	5.57	5.65	5.25	2.59	1.93	1.45	1.10
Net profit (TTM)	1,305	1,233	1,068	920	765	608	488	395	287	202	120	76	41
EPS (TTM)	50.98	48.17	41.71	35.92	29.88	23.76	19.07	15.43	11.23	7.08	3.89	2.14	0.80

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	6,206	1,650	1,233
March 31, 2025	4,292	820	608
March 31, 2024	3,168	263	181
March 31, 2023	2,773	27	-1

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	30.9%	12.3%	6,297^†	4,355^†	3,190^†	2,807^†	3,092^†	3,518^†	3,218^†	4,277^†	4,635^†	2,227^†
Operating revenue	30.8%	12.4%	6,206	4,292	3,168	2,773	3,066^†	3,452^†	3,159^†	4,219^†	4,386^†	2,086^†
Other income	—	—	91^†	63^†	23^†	34^†	26^†	66^†	60^†	58^†	249^†	141^†
Operating expenses	—	—	4,523^†	3,474^†	2,849^†	2,672^†	3,174^†	3,307^†	3,374^†	3,793^†	—	—
Operating profit	155.0%	63.2%	1,684^†	819^†	319^†	102^†	-108^†	145^†	-215^†	426^†	—	—
Operating profit margin	—	—	27.1%^†	19.1%^†	10.1%^†	3.7%^†	-3.5%^†	4.2%^†	-6.8%^†	10.1%^†	—	—
Depreciation	—	—	46^†	47^†	50^†	55^†	58^†	66^†	78^†	83^†	—	—
Interest	—	—	15^†	14^†	28^†	42^†	40^†	59^†	68^†	66^†	88^†	165^†
Exceptional items, gain / (loss)	—	—	-64^†	0^†	0^†	-11^†	110^†	3^†	-54^†	0^†	0^†	0^†
Profit before tax	295.1%	79.2%	1,650	820	263	27	-69^†	89^†	-356^†	335^†	319^†	-73^†
Tax	—	—	416^†	211^†	61^†	28^†	-20^†	29^†	-53^†	122^†	110^†	13^†
Net profit	—	82.9%	1,233	608	181	-1	-50^†	60^†	-303^†	213^†	209^†	-86^†
EPS	—	82.8%	48.17^†	23.76^†	7.08^†	-0.06^†	-1.93^†	2.36^†	-11.82^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	27.1%^†	19.1%^†	10.1%^†	3.7%^†	-3.5%^†	4.2%^†	-6.8%^†	10.1%^†	—	—
EBIT margin	26.8%^†	19.4%^†	9.2%^†	2.5%^†	-1.0%^†	4.3%^†	-9.1%^†	9.5%^†	9.3%^†	4.4%^†
PBT margin	26.6%	19.1%	8.3%	1.0%	-2.3%^†	2.6%^†	-11.3%^†	7.9%^†	7.3%^†	-3.5%^†
Net margin	19.9%	14.2%	5.7%	-0.1%	-1.6%^†	1.7%^†	-9.6%^†	5.0%^†	4.8%^†	-4.1%^†
Interest coverage	112.85x^†	58.28x^†	10.30x^†	1.64x^†	-0.75x^†	2.51x^†	-4.22x^†	6.04x^†	4.61x^†	0.56x^†
Dividend payout	10.4%^†	8.4%^†	0.0%^†	—	—	0.0%^†	—	—	—	—
Earnings retention	89.6%^†	91.6%^†	100.0%^†	—	—	100.0%^†	—	—	—	—
Current ratio	1.33x	1.32x	—	—	—	—	—	—	—	—
Quick ratio	1.08x	1.06x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.00x	—	—	—	—	—	—	—	—
Return on equity	45.8%	34.3%	—	—	—	—	—	—	—	—
Return on assets	15.9%	13.1%	—	—	—	—	—	—	—	—
Return on capital employed	58.5%^†	44.6%^†	—	—	—	—	—	—	—	—
Asset turnover	0.80x	0.92x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	1,710	-511	-147	188	1,521
March 31, 2025	904	-496	-69	87	816
March 31, 2024	518	-172	-259	29	489
March 31, 2023	-37	3	9	16	-54
March 31, 2022	8	116	-102	25	-17

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	7,739	2,690	2,639	0	0	6,520	4,892	1,525	404	1,228
March 31, 2025	4,661	1,773	1,722	0	0	3,672	2,790	471	372	704
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.