| Annual Financials | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 3,722 | 3,446 | 4,193 | 4,572 | 4,277 | 3,218 | 3,518 | 3,092 | 2,807 | 3,191 | 4,355 | 5,177 |
| Expenses | 3,397 | 3,214 | 4,013 | 4,075 | 3,793 | 3,374 | 3,307 | 3,175 | 2,672 | 2,849 | 3,474 | 3,879 |
| EBITDA | 325 | 232 | 180 | 497 | 484 | -156 | 211 | -83 | 136 | 342 | 881 | 1,298 |
| Operating Profit % | 8 % | 3 % | 1 % | 6 % | 10 % | -7 % | 4 % | -4 % | 4 % | 10 % | 19 % | 23 % |
| Depreciation | 82 | 86 | 88 | 90 | 83 | 78 | 66 | 58 | 55 | 50 | 47 | 46 |
| Interest | 73 | 91 | 165 | 88 | 66 | 68 | 59 | 39 | 42 | 28 | 14 | 15 |
| Profit Before Tax | 170 | 56 | -73 | 319 | 335 | -356 | 89 | -70 | 27 | 263 | 820 | 1,237 |
| Tax | 50 | 21 | 13 | 110 | 122 | -53 | 29 | -20 | 28 | 82 | 211 | 355 |
| Net Profit | 121 | 35 | -87 | 209 | 213 | -303 | 60 | -50 | -2 | 181 | 608 | 920 |
| EPS in ₹ | 4.71 | 1.30 | -3.40 | 8.15 | 8.31 | -11.82 | 2.36 | -1.94 | -0.06 | 7.07 | 23.76 | 35.90 |
GE Vernova T&D
GE Vernova T&D
2,881.40
-15.70
(-0.54%)
Market Cap
₹73,777.25 Cr
PE Ratio
85.35
Volume
3,02,814.00
Day High - Low
₹2,933.30 - ₹2,864.00
52W High-Low
₹3,323.80 - ₹1,254.00
Key Fundamentals
Market Cap
73,777.25 Cr
EPS
23.76
PB Ratio
37.62
Book Value
81.48
EBITDA
881.30
Dividend Yield
0.16 %
Industry
Capital Goods Sector
Electrical Equipment ROE Growth %
-
Debt to Equity
0.03
Analyst Rating and Forecast
- By Refinitiv from8 analysts
Actual
Company News
View All News
GE Vernova T&D India Limited received a GST penalty totaling INR 89,28,324 (tax and penalty of INR 44,64,162 each plus applicable interest) from Vadodara GST authorities for non-payment of GST on transportation charges from April 2018 to March 2023. The company plans to appeal the order and states there will be no material impact on its financial or operational activities beyond the extent of the penalty order.
GE Vernova T&D India Challenges Madras High Court Decision Through Legal ActionNov 14, 2025
GE Vernova T&D India has initiated legal proceedings to challenge a ruling made by the Madras High Court. The company is pursuing legal remedies against the court's decision, though specific details of the ruling and legal grounds were not disclosed.
GE Vernova T&D India Reports 39% Revenue Growth, Announces INR 8 Billion Capacity Expansion
Nov 11, 2025
Nov 11, 2025GE Vernova T&D India Limited delivered strong quarterly results with revenue of INR 15.4 billion, up 39% year-over-year from INR 11.1 billion. The company reported robust EBITDA margin expansion to 25.8%, representing a 700 basis point improvement. Order bookings stood at INR 16.1 billion, down from INR 46.8 billion in the previous year quarter, primarily due to large orders received last year. The order backlog remains healthy at INR 131.1 billion. The company announced additional capex of INR 8 billion focused on advanced grid technologies, expanding capacities at Vadodara for transformers and reactors, and new lines for bushings and air core reactors at Hosur. Cash and cash equivalents increased to INR 15.2 billion. Management expects strong demand driven by India's energy transition goals, including 500 GW of non-fossil fuel capacity and significant HVDC opportunities. The company maintains guidance for mid-20s EBITDA margins for the financial year.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,297.00 | #1 1,17,412.93 | 54.37 | 12,193.00 | -47.36 | 1,606 | -41.60 | 63.24 | |
3,159.60 | 1,12,519.83 | 121.45 | 2,656.00 | -44.41 | 409 | 146.64 | 44.06 | |
5,175.00 | 1,09,662.58 | 61.72 | 9,569.53 | -23.70 | 1,267 | -7.15 | 53.68 | |
672.90 | 1,05,960.29 | 106.84 | 10,070.80 | 23.53 | 973 | 29.51 | 27.97 | |
290.85 | 1,01,275.81 | 178.28 | #1 28,804.80 | 17.86 | 534 | 253.01 | 69.38 | |
22,056.00 | 98,308.80 | 139.20 | 6,442.10 | 22.78 | 384 | 405.54 | 64.78 | |
3,172.50 | 91,140.59 | 33.31 | 14,846.10 | 27.62 | 1,928 | 133.75 | 38.31 | |
54.01 | 74,039.70 | #1 24.33 | 10,993.10 | 67.39 | #1 2,072 | #1 537.79 | 38.13 | |
2,881.40 | #9 73,777.25 | #6 85.35 | #9 4,354.90 | #3 36.50 | #7 608 | #6 107.12 | 42.96 | |
975.70 | 43,982.06 | 37.83 | 6,652.10 | #1 109.76 | 937 | 71.64 | 38.78 |
Growth Rate
Revenue Growth
36.50 %
Net Income Growth
235.89 %
Cash Flow Change
74.32 %
ROE
135.48 %
ROCE
103.98 %
EBITDA Margin (Avg.)
89.16 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 4,492 | 4,772 | 5,114 | 4,769 | 4,196 | 4,154 | 4,069 | 3,767 | 3,680 | 3,584 | 4,661 |
| Fixed Assets | 687 | 684 | 656 | 586 | 513 | 538 | 494 | 457 | 421 | 401 | 379 |
| Current Assets | 3,718 | 3,725 | 4,019 | 3,773 | 3,243 | 3,059 | 3,008 | 2,726 | 2,666 | 2,634 | 3,673 |
| Capital Work in Progress | 70 | 33 | 25 | 18 | 5 | 12 | 22 | 9 | 9 | 11 | 47 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 3,736 | 4,055 | 4,434 | 4,165 | 3,679 | 3,604 | 3,554 | 3,302 | 3,250 | 3,173 | 4,235 |
| Total Liabilities | 4,492 | 4,772 | 5,114 | 4,769 | 4,196 | 4,154 | 4,069 | 3,767 | 3,680 | 3,584 | 4,661 |
| Current Liabilities | 3,127 | 3,467 | 3,970 | 3,451 | 2,624 | 2,826 | 2,725 | 2,533 | 2,464 | 2,251 | 2,790 |
| Non Current Liabilities | 53 | 126 | 111 | 128 | 144 | 276 | 221 | 154 | 143 | 91 | 98 |
| Total Equity | 1,312 | 1,178 | 1,033 | 1,190 | 1,428 | 1,052 | 1,123 | 1,080 | 1,073 | 1,243 | 1,773 |
| Reserve & Surplus | 1,261 | 1,127 | 982 | 1,138 | 1,377 | 1,000 | 1,072 | 1,029 | 1,022 | 1,192 | 1,722 |
| Share Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 45 | -20 | 11 | 163 | -182 | -0 | -1 | 22 | -26 | 87 | 339 |
| Investing Activities | -137 | -50 | -47 | -306 | 287 | -30 | 12 | 116 | 3 | -172 | -495 |
| Operating Activities | 502 | -91 | 188 | 1,054 | -355 | -260 | 311 | 8 | -37 | 518 | 904 |
| Financing Activities | -320 | 120 | -131 | -585 | -114 | 290 | -324 | -103 | 9 | -259 | -69 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 59.38 % | 51.00 % | 51.00 % | 51.00 % | 51.00 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.59 % | 0.69 % | 1.20 % | 2.04 % | 6.82 % | 12.05 % | 13.05 % | 14.49 % | 16.15 % |
| DIIs | 15.08 % | 14.55 % | 15.09 % | 15.49 % | 15.47 % | 15.72 % | 15.71 % | 15.74 % | 15.72 % | 16.52 % | 16.19 % | 16.11 % | 15.84 % | 14.97 % | 25.61 % | 28.40 % | 28.19 % | 26.76 % | 25.20 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 7.66 % | 7.96 % | 8.04 % | 7.80 % | 7.86 % | 7.65 % | 7.61 % | 7.61 % | 7.62 % | 6.45 % | 5.99 % | 5.96 % | 5.87 % | 6.12 % | 6.13 % | 6.36 % | 5.76 % | 5.76 % | 5.73 % |
| Others | 2.26 % | 2.48 % | 1.86 % | 1.71 % | 1.67 % | 1.63 % | 1.69 % | 1.65 % | 1.65 % | 2.03 % | 2.24 % | 2.24 % | 2.09 % | 1.87 % | 2.06 % | 2.19 % | 2.01 % | 1.99 % | 1.91 % |
| No of Share Holders | 40,464 | 43,290 | 42,059 | 41,143 | 41,862 | 40,825 | 39,063 | 39,123 | 38,865 | 38,226 | 39,717 | 37,443 | 44,121 | 59,130 | 74,413 | 87,000 | 82,054 | 90,663 | 1,02,934 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 1.8 | 1.8 | 1.8 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5 |
| Dividend Yield (%) | 0.00 | 0.44 | 0.65 | 2.5 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 21 Aug 2023 |  Annual General Meeting | NA | 21 Aug 2023 | 209.15 | 350.95 |
| 16 Jul 2024 |  Change Of Name | NA | 16 Jul 2024 | 1,673.40 | 1,673.40 |
| 28 Aug 2024 |  Dividend | ₹ 2.00 /share | 28 Aug 2024 | 1,308.30 | 1,675.35 |
| 04 Sept 2024 | Annual General Meeting | NA | 04 Sept 2024 | 1,590.15 | 1,664.30 |
| 08 Nov 2024 |  Quarterly Result Announcement | NA | 08 Nov 2024 | 1,689.60 | 1,759.55 |
| 05 Feb 2025 | Quarterly Result Announcement | NA | 05 Feb 2025 | 1,642.80 | 1,647.70 |
| 23 May 2025 | Quarterly Result Announcement | NA | 23 May 2025 | 1,686.25 | 1,859.70 |
| 29 Jul 2025 | Quarterly Result Announcement | NA | 29 Jul 2025 | 2,418.90 | 2,396.40 |
| 22 Aug 2025 | Dividend | ₹ 5.00 /share | 22 Aug 2025 | 1,859.70 | 2,735.90 |
| 10 Sept 2025 | Annual General Meeting | NA | 10 Sept 2025 | 2,379.40 | 2,717.55 |
| 03 Nov 2025 | Quarterly Result Announcement | NA | 03 Nov 2025 | 2,811.35 | 3,038.95 |
Announcements
Intimation Under Regulation 30 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015Nov 15, 2025
Nov 15, 2025Intimation Of Litigation Filed By The CompanyNov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 03, 2025
Nov 03, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 03, 2025
Nov 03, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 03, 2025
Nov 03, 2025Announcement under Regulation 30 (LODR)-Meeting UpdatesNov 03, 2025
Nov 03, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On November 3 2025Nov 03, 2025
Nov 03, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 29, 2025
Oct 29, 2025Board Meeting Intimation for Notice Of Board Meeting To Consider Un-Audited Financial Results For The Quarter And Period Ended September 30 2025Oct 24, 2025
Oct 24, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 13, 2025
Oct 13, 2025Announcement under Regulation 30 (LODR)-Credit RatingOct 09, 2025
Oct 09, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Credit RatingSep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 11, 2025
Sep 11, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 11, 2025
Sep 11, 2025Summary Of Proceedings Of The 69Th Annual General Meeting.Sep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Credit RatingSep 02, 2025
Sep 02, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 15, 2025
Aug 15, 2025Notice Of 69Th Annual General MeetingAug 14, 2025
Aug 14, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 14, 2025
Aug 14, 2025Notice Of 69Th Annual General Meeting And Annual Report For The Financial Year 2024-25Aug 14, 2025
Aug 14, 2025Reg. 34 (1) Annual Report.Aug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 05, 2025
Aug 05, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 29, 2025
Jul 29, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On July 29 2025Jul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 21, 2025
Jul 21, 2025Board Meeting Intimation for Notice Of Board Meeting - Intimation Under Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) To Consider Un-Audited Financial Results For The Quarter Ended On June 30 2025.Jul 18, 2025
Jul 18, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 11, 2025
Jul 11, 2025Intimation Under Regulation 30 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015Jul 03, 2025
Jul 03, 2025Intimation Under Regulation 30 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015Jul 02, 2025
Jul 02, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Announcement Under Regulation 30 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015Jun 25, 2025
Jun 25, 2025Intimation Under Regulation 30 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015Jun 20, 2025
Jun 20, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesJun 19, 2025
Jun 19, 2025Board Meeting Outcome for Outcome Of Board MeetingJun 19, 2025
Jun 19, 2025Board Meeting Outcome for Outcome Of Board MeetingJun 19, 2025
Jun 19, 2025Intimation- Completion Of Tenure Of Independent DirectorJun 01, 2025
Jun 01, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 30, 2025
May 30, 2025Mutual Fund Holdings
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Axis Small Cap Fund Direct-Growth 
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Bajaj Finserv Flexi Cap Fund Direct-Growth 
360 ONE Focused Fund Direct-Growth 
Kotak Midcap Fund Direct-Growth 
Bandhan Small Cap Fund Direct-Growth 
Baroda BNP Paribas Small Cap Fund Direct - Growth 
Union Flexi Cap Fund Direct-Growth 
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ICICI Prudential Active Momentum Fund Direct-Growth 
Nippon India Innovation Fund Direct - Growth Technical Indicators
RSI(14)
Neutral 42.96
ATR(14)
Less Volatile 124.87
STOCH(9,6)
Neutral 26.51
STOCH RSI(14)
Neutral 33.10
MACD(12,26)
Bearish -22.24
ADX(14)
Weak Trend 22.10
UO(9)
Bearish 35.46
ROC(12)
Downtrend And Accelerating -7.87
WillR(14)
Neutral -77.78
About GE Vernova T&D
GE Vernova T&D India Limited, formerly GE T&D India Limited, is a leading player in the power transmission and distribution infrastructure business in India. The company offers a wide range of products and solutions for power generation, transmission, and distribution, including equipment for medium to ultra-high voltage (up to 1200 kV) applications. Their product portfolio includes power transformers, circuit breakers, gas insulated switchgears, instrument transformers, substation automation equipment, digital software solutions, and turnkey substation engineering and construction services. The company also provides Flexible AC Transmission Systems (FACTS), High Voltage DC (HVDC) solutions, and maintenance support. GE Vernova T&D India has manufacturing sites across India and has been involved in numerous significant power infrastructure projects throughout the country.
Chairperson NameRathindra Nath Basu
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