This mid-cap transformer inventory, engaged in engineering, manufacturing, challenge administration, and provide of superior merchandise and options engaged in energy transmission and distribution infrastructure, is in focus after the inventory has delivered multi-bagger returns of three,310.60 p.c to the shareholders in simply 5 years.
Inventory Motion
With a market capitalization of Rs. 70,921.05 crore, the shares of GE Vernova T&D India Restricted closed at Rs. 2,769.85 per fairness share, up practically 1.24 p.c from its earlier day’s shut value of Rs. 2,735.90.
Over the previous yr, the inventory has offered constructive returns of greater than 68.92 p.c. The inventory is at the moment buying and selling at a reduction of 6.42 p.c from its 52-week excessive of Rs. 2,960.
On August 22, 2025, the shares of GE Vernova T&D India Restricted traded at Rs. 2,769.85, displaying a achieve of round 3,310.60 p.c in comparison with the worth of Rs. 81.10 on October 30, 2020. For instance, if somebody had invested Rs. 1 lakh within the firm’s inventory 5 years in the past, it could have was round Rs. 34.11 lakh.
Firm Overview
GE Vernova T&D India Restricted (previously generally known as GE T&D India Restricted) was established in 1957 and is headquartered in New Delhi. The corporate is a number one participant within the energy transmission and distribution enterprise in India, with over 100 years of presence within the nation.
The corporate is the listed entity of GE Vernova’s Grid Options enterprise in India. It offers a large and sturdy vary of options for connecting and evacuating energy from technology sources onto the grid, catering to utilities to fulfill growing demand shortly.
GE Vernova T&D India Restricted offers a wide selection of merchandise, together with medium to ultra-high voltage gear (as much as 1200 kV), energy transformers, circuit breakers, gas-insulated switchgear (GIS), instrument transformers, and substation automation gear. The corporate additionally affords digital software program options, turnkey substation options, FACTS, HVDC methods, and upkeep assist providers.
Order Guide
GE Vernova T&D India Restricted clinched new orders valued at Rs. 16.2 billion in Q1 FY26, marking a 57 p.c enhance in comparison with the identical interval final yr and roughly 1.25 occasions its quarterly income. Nearly all of these orders (86 p.c) originated domestically in India, with the remaining 14 p.c attributed to exports.
As of June 2025, the corporate’s order backlog reached Rs. 129.6 billion, reflecting a 2 p.c rise from Rs. 126.6 billion in March 2025. This sturdy backlog ensures income visibility for practically the following three years.
Capital Expenditure Plans
GE Vernova T&D India Restricted has unveiled a capital expenditure plan of Rs. 2.5 billion, with Rs. 1.4 billion designated for HVDC/STATCOM valves and controls, and Rs. 1.1 billion allotted for debottlenecking to spice up operational effectivity.
Export Efficiency
GE Vernova T&D India Restricted recorded exports accounting for roughly 40 p.c of its Q1 FY26 revenues, reflecting a outstanding 80 p.c year-on-year development.
The export backlog now constitutes about 30 p.c of the full order e book, a rise from the earlier 20–25 p.c, with administration anticipating the long-term export income share to stabilize at round 30 p.c.
Monetary Highlights
GE Vernova T&D India Restricted’s consolidated income from operations rose by 38.83 p.c year-on-year, climbing from Rs. 958 crore in Q1 FY25 to Rs. 1,330 crore in Q1 FY26, and grew by 15.35 p.c quarter-on-quarter from Rs. 1,153 crore in This fall FY25.
In Q1 FY26, the corporate’s consolidated internet revenue surged by 115.56 p.c year-on-year, reaching Rs. 291 crore in comparison with Rs. 135 crore in the identical interval final yr. Moreover, it elevated by 56.45 p.c quarter-on-quarter from Rs. 186 crore in This fall FY25.
GE Vernova T&D India Restricted’s income and internet revenue have grown at a CAGR of 5.6 p.c and 78.42 p.c, respectively, during the last 4 years. By way of return ratios, the corporate’s ROCE and ROE stand at 54.7 p.c and 40.4 p.c, respectively. GE Vernova T&D India Restricted has an earnings per share (EPS) of Rs. 23.76, and its debt-to-equity ratio is 0.02x.
Written By Nikhil Naik
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