CG Power & Industrial Solutions Ltd stands as a prominent player in the Indian electrical engineering sector, providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. Incorporated in 1993, CGPISL is headquartered in Mumbai, India and offers a comprehensive range of products and services to a wide range of industries, including power, oil and gas, marine, mining, and infrastructure.
The company operates through two main business segments, viz. Power Systems and Industrial Systems. The company is promoted by Tube Investments of India Limited, a part of the Murugappa Group. This strategic backing provides the company with the necessary resources and expertise to maintain its leadership position in the engineering and electrical equipment sector.
The Power Systems segment is engaged in the manufacturing of electric equipment for the power and industrial sector and manufactures and sells products such as transformers and reactors, switchgear products and also offers turnkey solutions in power distribution and generation. The Power Systems segment offers power, distribution, instrument, locomotive, solar, and green transformers; and switchgears, circuit breakers, condenser bushings, lightning and surge arresters, off load disconnectors, isolators, compact substations, numerical protection relays, auto-reclosers, vacuum interrupters, power quality solutions, and railways loco head and trackside products.
The power systems division has demonstrated its capabilities through major contracts, including a significant Rs 641 crore contract by Power Grid Corporation for 765kV transformers, marking its largest order. The project will be completed over 18 to 36 months, reflecting CG Power's leadership in high-voltage equipment.
The Industrial Systems segment is engaged in the manufacturing and sale of power conversion equipment which includes a wide spectrum for all industrial applications of medium and low voltage rotating machines, drives and stampings for all industrial applications, equipment and solutions to Indian railways for rolling stock, traction machines, railway propulsion control equipment, coach panels and signaling equipment. The company generates its revenues majorly from the Industrial systems segment.
Power Systems contributed 29.01% of the company's revenue in FY23, Industrial Systems contributed 70.77%, and Others contributed 0.23%. This shows the industrial systems division's dominant contribution to the overall business performance.
CG Power delivered strong financial performance in FY25. Sales rose 25.60% to Rs 2752.77 crore in the quarter ended March 2025 as against Rs 2191.72 crore during the previous quarter ended March 2024. Net profit of CG Power & Industrial Solutions rose 16.43% to Rs 271.97 crore in the quarter ended March 2025 as against Rs 233.60 crore during the previous quarter ended March 2024.
For the full financial year, sales rose 23.15% to Rs 9908.66 crore in the year ended March 2025 as against Rs 8045.98 crore during the previous year ended March 2024. However, net profit declined 31.70% to Rs 974.59 crore in the year ended March 2025 as against Rs 1427.01 crore during the previous year ended March 2024.
As of July 2025, CG Power & Ind has a market cap of 1,03,473 Crore (down -6.36% in 1 year) with revenue of 9,909 Cr and profit of 973 Cr. The company's financial position shows promoter holding of 58.1% and stock is trading at 26.9 times its book value.
CG Power & Industrial Solutions has fixed 22 March 2025 as record date for payment of interim dividend of Rs 1.30 per equity share of face value of Rs 2 each for FY 2024-25. The dividend will be paid on or after 16 April 2025.
The company successfully completed a major fundraising initiative. CG Power raised ₹3,000 crore via QIP allotting 4.54 crore shares at ₹660 each on 4 July 2025. This capital raising demonstrates the company's growth ambitions and provides resources for future expansion plans.
CG Power and Industrial Solutions has launched 'Fluxtron' its most advanced, high-efficiency medium voltage induction motors. Designed to redefine energy efficiency, 'Fluxtron' marks a revolutionary step in sustainable industrial operations, empowering businesses to dramatically cut their carbon footprint while boosting productivity.
CG Power maintains a strong market position in the electrical equipment sector. The company's popular brands include CG, EnerSys, and Powerwell. CGPISL is also the exclusive distributor of ABB and Schneider Electric products in India. This diverse product portfolio and strategic partnerships provide multiple revenue streams and market opportunities.
The company's expansion strategy includes expanding operations in the cement, sugar, paper, steel, and oil and gas sectors by developing higher-value products in those specific segments. This diversification approach positions CG Power to capitalize on India's growing industrial infrastructure needs.
Trading on both major Indian exchanges, the company is listed on the Bombay Stock Exchange (BSE) with the code 500093 and also listed on the National Stock Exchange (NSE) with the code CGPOWER. The stock has shown significant long-term growth potential, with CG Power share price has surged nearly 10 times in three years.
CG Power's strong position in India's electrical equipment market, combined with its diversified product portfolio and strategic partnerships, makes it well-positioned to benefit from India's infrastructure development and industrial growth initiatives.
