Gas-insulated and air-insulated switchgear, circuit breakers, protection relays and substation automation that switch and protect the grid.
Hitachi Energy IndiaDirect supplier · HighListed
SiemensDirect supplier · MediumListed
GE Vernova T&D IndiaDirect supplier · HighListed
ABB IndiaDirect supplier · MediumListed
CG Power and Industrial SolutionsDirect supplier · MediumListed
Schneider Electric InfrastructureDirect supplier · MediumListed
CG Power and Industrial Solutions (CGPOWER)
Murugappa group maker of power transformers, switchgear and industrial motors, also building an OSAT chip plant (also in railways, data-centre and semiconductor sectors)
Price
₹773.00
snapshot 6 Nov 2026
Strengths
Power systems segment has a large order book and is adding transformer capacity
Strong balance sheet under Murugappa ownership
Risks
Grid is one segment next to motors, railways and semiconductors
Rich valuation - see the figures
Key stats — company snapshot as of 6 Nov 2026
Mkt Cap
₹1.22L Cr
Stock P/E
87.0x
Div Yield
0.17%
ROCE
26.7%
ROE
20.5%
P/B
13.9x
Revenue growth
+25.3%FY26
Profit growth
+23.2%FY26
Net margin
9.7%FY26
1Y vs Nifty
+8 ptsNifty −1.9%
Revenue, ₹ Cr (5-yr) — company table
5,484FY22
6,973FY23
8,046FY24
9,909FY25
12,418FY26
Stock price return · as of 6 Nov 2026
1Y price return
+6%
3Y CAGR
+26%
5Y CAGR
+36%
Trend62nd percentile
52-week range as of 6 Nov 2026 vs snapshot price · 21% below its high
Market cap, ratios, CAGR and revenue: company table snapshot as of 6 Nov 2026 (the same figures on every page). Price: snapshot as of 6 Nov 2026. Not investment advice.
Where it fits
Supplies the breakers, disconnectors, instrument transformers and protection systems that isolate faults in milliseconds, plus the SCADA and automation that let operators run substations remotely. Gas-insulated switchgear (GIS) packs a substation into a fraction of the land, which is why cities and new pooling stations use it.
Why it matters
Every new substation and bay needs switchgear, and the MNC subsidiaries that dominate high-voltage GIS (Hitachi Energy, Siemens, GE Vernova) have full order books. Medium-voltage switchgear also rides the data-centre, metro and industrial build-out.
Where the value pool sits
High-voltage GIS and automation earn mid-to-high teens EBITDA for the MNC leaders; medium-voltage products are more competitive. Royalties and technology fees to parent companies are part of the cost structure.