₹4,545
▼ -128.04 -2.74%
10 Sept 2026
NSE Listed · Capital Goods - Electrical Equipment
GE Vernova T&D India Ltd. (GVT&D)
20-day avg volume: 10.2L shares
- Healthy return on equity of 45.8%.
- Pays a dividend yield of 21.0%.
- Company is almost debt-free.
- Revenue grew 45% YoY.
- Net profit is growing year over year.
- Stock trades at a high P/E of 86.
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,108 Cr | ₹1,074 Cr | ₹1,153 Cr | ₹1,330 Cr | ₹1,538 Cr | ₹1,701 Cr | ₹1,637 Cr | ₹1,836 Cr |
| EBITDA | ₹197 Cr | ₹194 Cr | ₹262 Cr | ₹393 Cr | ₹403 Cr | ₹462 Cr | ₹470 Cr | ₹491 Cr |
| Net Profit | ₹145 Cr | ₹143 Cr | ₹186 Cr | ₹291 Cr | ₹299 Cr | ₹291 Cr | ₹352 Cr | ₹363 Cr |
| EPS | — | — | — | — | — | — | — | — |
| 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 | ₹6,297 Cr |
| EBITDA | ₹401 Cr | ₹-234 Cr | ₹145 Cr | ₹-141 Cr | ₹80 Cr | ₹291 Cr | ₹834 Cr | ₹1,728 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 | 48.16 |
| 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 | ₹4,102 Cr | ₹3,767 Cr | ₹3,679 Cr | ₹3,584 Cr | ₹4,661 Cr | ₹7,739 Cr |
| Total Liabilities | ₹2,768 Cr | ₹3,102 Cr | ₹2,980 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 | — | — | — | — | — | — | — | — |
| 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 | ₹2,202 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 | ₹2,202 Cr |
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 ↗As of 2026-06-30
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 75% | 75% | 75% | 75% | 59.4% | 51% | 51% | 51% | 51% | 51% | 51% | 51% |
| FIIs | 0.6% | 0.7% | 1.2% | 2% | 6.8% | 12.1% | 13% | 14.5% | 16.2% | 18.5% | 20.4% | 22.9% |
| DIIs | 16.2% | 16.1% | 15.8% | 15% | 25.6% | 28.4% | 28.2% | 26.8% | 25.2% | 23.3% | 21.4% | 18.5% |
| Public | 8.2% | 8.2% | 8% | 8% | 8.2% | 8.6% | 7.8% | 7.8% | 7.6% | 7.3% | 7.2% | 7.6% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 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 | 1,38,122 |
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
| Name | Category | Stake | Shares |
|---|---|---|---|
| Grid Equipments Private Limited | Shareholding of Promoter and Promoter Group | 50.7% | 12.98 Cr |
| Nippon Life India Trustee Ltd-a/c Nippon India Large Cap Fund | Public Shareholding | 3% | 76,05,002 |
| Kotak Midcap Fund | Public Shareholding | 2.5% | 62,83,174 |
| Hsbc Mutual Fund - Hsbc Midcap Fund | Public Shareholding | 1.8% | 46,27,142 |
| Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Midcap Fund | Public Shareholding | 1.8% | 44,76,636 |
| Sbi Life Insurance Co. Ltd | Public Shareholding | 1.1% | 27,25,732 |
| 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 |
| General (suzhou) High Voltage Switchgear Co., Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ge Vernova Electrical 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 |
| Name | Designation | Year |
|---|---|---|
| Rathindra Nath Basu | Chairman & Independent Directo | 2026 |
| Sandeep Zanzaria | Managing Director & CEO | 2026 |
| Sushil Kumar | Executive Director / Whole Time Director / CFO | 2026 |
| Johan Bindele | Non-Exec & Non-Independent Dir | 2026 |
| Jesus Gonzalez Gonzalez | Non-Exec & Non-Independent Dir | 2026 |
| Sanjay Sagar | Independent Non Exe. Director | 2026 |
| Rashmi Joshi | Independent Non Exe. Director | 2026 |
| Marco Simiano | Non-Exec & Non-Independent Dir | 2026 |
| SHWETA MEHTA | Company Sec. & Compli. Officer | 2026 |
| Segment | Revenue | Share |
|---|---|---|
| Products, projects and services for | ₹0 Cr | — |
| Region | Revenue | Share |
|---|---|---|
| Domestic | ₹4,173 Cr | 67.2% |
| Overseas | ₹2,033 Cr | 32.8% |
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹2 | 126 | 51 | 51 |
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-21 | Dividend (10/- per share) | Final |
| forthcoming | 2026-08-21 | Dividend | — |
| dividend | 2026-08-21 | ₹10 (500%) | Final |
| forthcoming | 2026-08-05 | Board Meetings | — |
| dividend | 2025-08-22 | ₹5 (250%) | Final |
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 11,461 | 0 | 0 | 48 | 30 | 11,610 |
| 2026 | 1,789 | 0 | 0 | 0 | 30 | 1,822 |
| 2026 | 0 | 0 | 0 | 1 | 0 | 1 |
8 disclosure(s)
📍 A-18 First Floor, Okhla Industrial Area Phase II, New Delhi, New Delhi, 110020
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