₹4,415.9

▼ -168.24 -3.67%

17 Jul 2026

NSE Listed

GE Vernova T&D India Ltd. (GVT&D)

Volume: 7,95,599Avg Vol 1W: 6,92,549Avg Vol 1M: 14,40,143.552W Range:₹2,293.6₹5,650

NSE BSE www.gevernova.com/regions/asia/in/gevernova-td-india

Key Ratios

Checked 5h ago

Market Cap₹1,17,374 Cr

Current Price₹4,415.9

Previous Close₹4,584.14

High / Low (52w)₹5,650 / ₹2,293.6

Volume7,95,599

Avg Vol (1W)6,92,549

Avg Vol (1M)14,40,143.5

Stock P/E333.63

Book Value₹105.07

Dividend Yield22%

ROE45.84%

ROA15.93%

Revenue (TTM)₹6,206 Cr

Revenue Growth—

Profit Margin19.87%

Total Debt₹24 Cr

Shares Outstanding26 Cr

Face Value₹2

EPS (TTM)₹49.96

P/B43.65

Debt / Equity0.89

50 DMA₹4,832.85

200 DMA₹3,763.6

Day change-3.67%

Price Chart

₹4,415.9▲ 82.69% · 1Y

2025-07-17

2026-07-16

20-day avg volume: 14.4L shares

Pros

Healthy return on equity of 45.8%.
Pays a dividend yield of 22.0%.
Company is almost debt-free.
Revenue grew 33% YoY.

Cons

Stock trades at a high P/E of 334.

Quarterly Results

Metric	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026
Revenue	₹958 Cr	₹1,108 Cr	₹1,074 Cr	₹1,153 Cr	₹1,330 Cr	₹1,538 Cr	₹1,701 Cr	₹1,637 Cr
EBITDA	₹182 Cr	₹197 Cr	₹194 Cr	₹262 Cr	₹393 Cr	₹403 Cr	₹462 Cr	₹470 Cr
Net Profit	₹135 Cr	₹145 Cr	₹143 Cr	₹186 Cr	₹291 Cr	₹299 Cr	₹291 Cr	₹352 Cr
EPS	—	—	—	—	—	—	—	—

Profit & Loss (Annual)

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	₹4,277 Cr	₹3,218 Cr	₹3,518 Cr	₹3,092 Cr	₹2,807 Cr	₹3,190 Cr	₹4,355 Cr	₹6,206 Cr
EBITDA	₹401 Cr	₹-234 Cr	₹145 Cr	₹-141 Cr	₹80 Cr	₹291 Cr	₹834 Cr	₹0 Cr
Net Profit	₹213 Cr	₹-303 Cr	₹60 Cr	₹-50 Cr	₹-1 Cr	₹181 Cr	₹608 Cr	₹1,233 Cr
EPS	8.31	-11.82	2.36	-1.94	-0.06	7.07	23.76	—

Balance Sheet

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	₹4,196 Cr	₹4,154 Cr	₹4,069 Cr	₹3,767 Cr	₹3,679 Cr	₹3,584 Cr	₹4,661 Cr	₹7,739 Cr
Total Liabilities	₹2,768 Cr	₹3,102 Cr	₹2,946 Cr	₹2,687 Cr	₹2,607 Cr	₹2,341 Cr	₹2,888 Cr	₹5,049 Cr
Equity	₹1,428 Cr	₹1,051 Cr	₹1,123 Cr	₹1,080 Cr	₹1,073 Cr	₹1,243 Cr	₹1,773 Cr	₹2,690 Cr
Total Debt	—	—	—	—	—	—	—	₹24 Cr

Cash Flow

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating	₹330 Cr	₹31 Cr	₹-9 Cr	₹539 Cr	₹1,109 Cr	₹1,710 Cr
Investing	₹12 Cr	₹116 Cr	₹3 Cr	₹-172 Cr	₹-496 Cr	₹-511 Cr
Financing	₹-324 Cr	₹-102 Cr	₹9 Cr	₹-259 Cr	₹-69 Cr	₹-147 Cr
Free Cash Flow	₹330 Cr	₹31 Cr	₹-9 Cr	₹539 Cr	₹1,109 Cr	₹1,521 Cr

Shareholding

Promoter 51% Institutions 41.78% Public 7.22%

About GE Vernova T&D India Ltd.

Capital Goods - Electrical Equipment · Electric Equipment

GE Vernova T&D India Limited engages in building power transmission and distribution infrastructure in India and internationally. It offers power evacuation products, including electrical balance of plants and substations, generator circuit breakers, high/medium-voltage transformers, and high-voltage switchgears; grid interconnection and renewable integration products comprising high-voltage direct current, flexible ac transmission systems, synchronous condensers, HV/MV substation equipment, and wide area monitoring and control. The company also provides power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, and maintenance support. In addition, it offers power management smart grid solutions for transmission and distribution, including renewable energies integration, as well as power electronics solutions. The company was formerly known as GE T&D India Limited and changed its name to GE Vernova T&D India Limited in October 2024. The company was incorporated in 1957 and is based in Noida, India. GE Vernova T&D India Limited operates as a subsidiary of Grid Equipments Private Limited.

www.gevernova.com/regions/asia/in/gevernova-td-india ↗

Efficiency & Working Capital

ROCE61.3%

Interest Coverage3.5

Dividend Payout—

Debtor Days125 d

Inventory Days60 d

Payable Days87 d

Cash Conversion Cycle97 d

Working Capital Days185 d

Shareholding Details

As of 2026-03-31

Promoter51%

FII20.4%

DII21.4%

Institutions41.8%

Public7.2%

Promoter Pledge0%

No. of Shareholders1,10,662

Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

Period	Jun 2023	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026
Promoters	75%	75%	75%	75%	75%	59.4%	51%	51%	51%	51%	51%	51%
FIIs	0.4%	0.6%	0.7%	1.2%	2%	6.8%	12.1%	13%	14.5%	16.2%	18.5%	20.4%
DIIs	16.5%	16.2%	16.1%	15.8%	15%	25.6%	28.4%	28.2%	26.8%	25.2%	23.3%	21.4%
Public	8.1%	8.2%	8.2%	8%	8%	8.2%	8.6%	7.8%	7.8%	7.6%	7.3%	7.2%
Promoter Pledge	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
No. of Shareholders	38,226	39,717	37,443	44,121	59,130	74,413	87,000	82,054	90,663	1,02,934	1,03,226	1,10,662

Returns History (ROE / ROCE / ROA)

Period	ROE	ROCE	ROA	P/E
202503	—	—	—	—

Major Shareholders (>1%)

Name	Category	Stake	Shares
Grid Equipments Private Limited	Shareholding of Promoter and Promoter Group	50.7%	12.98 Cr
Kotak Midcap Fund	Public Shareholding	4.3%	1.10 Cr
Nippon Life India Trustee Ltd-a/c Nippon India Large Cap Fund	Public Shareholding	4.1%	1.06 Cr
Hsbc Mutual Fund - Hsbc Midcap Fund	Public Shareholding	2.1%	52,55,908
Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Midcap Fund	Public Shareholding	1.9%	48,69,022
Canara Robeco Mutual Fund A/c Canara Robeco Large And Mid Cap Fund	Public Shareholding	1.5%	37,53,117
Ge Grid Alliance B.v.	Shareholding of Promoter and Promoter Group	0.3%	7,68,526
Ge Vernova Inc	Shareholding of Promoter and Promoter Group	0%	0
Ge Vernova Holding Llc	Shareholding of Promoter and Promoter Group	0%	0
Ge Power Global B.v.	Shareholding of Promoter and Promoter Group	0%	0
Ge Power Netherland B.v.	Shareholding of Promoter and Promoter Group	0%	0
Ge Power & Grid Austria Gmbh	Shareholding of Promoter and Promoter Group	0%	0
Grid Solutions Argentina S.a.	Shareholding of Promoter and Promoter Group	0%	0
Ge Grid Australia Pty Ltd	Shareholding of Promoter and Promoter Group	0%	0
Grid Solutions Transmissao De Energia Ltda.	Shareholding of Promoter and Promoter Group	0%	0
Grid Solutions Chile S.a.	Shareholding of Promoter and Promoter Group	0%	0
Alstom (wuxi) Disconnector Co., Ltd.	Shareholding of Promoter and Promoter Group	0%	0
Ge Grid Solutions Limited	Shareholding of Promoter and Promoter Group	0%	0
Ge High Voltage Switchgear (suzhou) Co., Ltd.	Shareholding of Promoter and Promoter Group	0%	0
Ge High Voltage Equipment (wuhan) Co., Ltd	Shareholding of Promoter and Promoter Group	0%	0
Ge Grid (shanghai) Co., Ltd.	Shareholding of Promoter and Promoter Group	0%	0
Sec Alstom (shanghai Baoshan) Transformer Co., Ltd	Shareholding of Promoter and Promoter Group	0%	0
Grid Solutions Oy	Shareholding of Promoter and Promoter Group	0%	0
Grid Solutions Sas	Shareholding of Promoter and Promoter Group	0%	0
Cogelex	Shareholding of Promoter and Promoter Group	0%	0

Promoter Pledges

Holder	% of Holding	As of
Grid Equipments Private Limited	0%	2026-03-31
Ge Vernova Hydro Power India Private Limited	0%	2026-03-31
Ge Grid Alliance B.v.	0%	2026-03-31
Ge Vernova Inc	0%	2026-03-31
Ge Vernova Holding Llc	0%	2026-03-31
Ge Power Global B.v.	0%	2026-03-31
Ge Power Netherland B.v.	0%	2026-03-31
Ge Power & Grid Austria Gmbh	0%	2026-03-31
Grid Solutions Argentina S.a.	0%	2026-03-31
Ge Grid Australia Pty Ltd	0%	2026-03-31
Grid Solutions Transmissao De Energia Ltda.	0%	2026-03-31
Grid Solutions Chile S.a.	0%	2026-03-31

Board of Directors

Name	Designation	Year
Neera Saggi	Non Executive & Independent Director	2025
Sanjay Sagar	Non Executive & Independent Director	2025
Johan Bindele	Non Executive Director	2025
Sushil Kumar	Whole Time Director & Chief Financial Officer	2025
Sandeep Zanzaria	Managing Director & Chief Executive Officer	2025
Fabrice Aumont	Non Executive Director	2025
Jesus Gonzalez Gonzalez	Non Executive Director	2025
Rathindra Nath Basu	Chairman & Independent Director	2025
Shweta Mehta	Company Sec. & Compli. Officer	2025
Rashmi Joshi	Independent Director	2025

Segments — Product

Segment	Revenue	Share
Products, projects and services for	₹0 Cr	—

Segments — Geography

Region	Revenue	Share
Domestic	₹3,180 Cr	74.1%
Overseas	₹1,112 Cr	25.9%

Capital Structure (₹ Cr)

Year	Face Value	Authorised	Issued	Paid-up
2025	₹2	126	51	51

Corporate Actions

Type	Date	Value	Remark
dividend	2025-08-22	₹5 (250%)	Final

Related-Party Transactions (₹ Cr)

Year	Subsidiaries	KMP	Others	Total
2025	5,951	16	24	6,031
2025	4,759	0	0	4,759
2025	99	0	0	137

Substantial Acquisitions (SAST)

8 disclosure(s)

Offer For Sale26/11/2024 - 27/11/2024 · 2,14,51,168

Market20/09/2024 · 16,65,172

Offer For Sale19/09/2024 - 20/09/2024 · 2,42,26,149

Market13/06/2024 · 63,513

Indirect Transfer15/11/2023 · —

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