
Ge Power India Limited
About Ge Power India Limited
Data last updated:
Ge Power India Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ge Steam Power International Bv. It operates in the power epc segment of the energy and power sector. It was incorporated on 02 September 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74140MH1992PLC068379. Its GSTIN is 27AABCA8679F1ZE (Maharashtra). The company holds 25 GST registrations, of which 20 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532309 and NSE: GVPIL.
The company has an authorised share capital of ₹600 Cr and a paid-up capital of ₹67.23 Cr. It was formerly known as Alstom Power India Limited and Alstom India Limited. It is led by directors including Puneet Bhatla (Managing Director) and Shukla Wassan.
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,269.39 Cr, a growth of 21.2% compared to the previous year. For the same year it recorded a net profit of ₹279.52 Cr (net margin 22%) and EBITDA of ₹171.83 Cr (EBITDA margin 13.5%). The net worth stands at ₹582.54 Cr (up 84% YoY). Total assets are valued at ₹713.28 Cr (up 75.1% YoY).
The company has about 827 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.
As per MCA filings, the company has open charges of ₹1,610 Cr and satisfied charges of ₹1,473.5 Cr on record. Court records list 540 cases involving the company, including 235 filed by the company and 307 filed against it; 63 cases are pending. The company has 28 deals on record (26 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹6.1 Cr; the latest was in February 2026. Its 5 peer companies in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 1 smaller; the largest is Nordex India Manufacturing Private Limited with revenue of ₹1,208.95 Cr. The company has 106 MSME Form 1 returns on record between 2004 and 2024, listing 29,936 overdue payments to 704 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Ge Power India has undergone 5 name changes throughout its history. The current legal name is Ge Power India Limited.
| Company Name | Status |
|---|---|
| Ge Power India Limited | Current |
| Alstom Power India Limited | Previous |
| Alstom India Limited | Previous |
| Asea Brown Boveri Management Ltd | Previous |
| Alstom Projects India Limited | Previous |
| Abb Alstom Power India Ltd | Previous |
Contact details
Ge Power India Limited's registered office is in Mumbai, Maharashtra. Its website is ge.cominge-power-india-limited. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressRegus Magnum Business Centers Private Limited 11th Floor Platina Block G Plot C – 59 BKC, Bandra(E), Mumbai, Maharashtra, India – 400051
- IndustryEnergy and Power, Power EPC, BoP & BTG Services, Power Equipment Manufacturers
To see the full contact details of Ge Power India Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Ge Power India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ge Power India Limited, buy the company report.
Financials of Ge Power India Limited
FY 2025-26 filings availableGe Power India Limited reported revenue of ₹1,269.39 Cr (up 21.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,269 | 1,047 | 1,039 | 1,796 | 2,620 | 3,343 | 2,446 |
| Revenue growth | +21.2% | +0.8% | -42.2% | -31.5% | -21.6% | +36.7% | - |
| EBITDA | 172 | 9.40 | (180) | (323) | (291) | 128 | 151 |
| EBITDA margin | +13.5% | +0.9% | -17.3% | -18.0% | -11.1% | +3.8% | +6.2% |
| Profit before tax | 259 | 203 | (171) | (331) | (291) | 99.21 | 173 |
| Net profit | 280 | 203 | (137) | (433) | (142) | 95.49 | 69.11 |
| Net profit margin | +22.0% | +19.4% | -13.2% | -24.1% | -5.4% | +2.9% | +2.8% |
| EPS (₹) | 37.57 | 30.19 | (25.48) | (65.53) | (42.96) | 10.48 | 12.58 |
| Balance sheet | |||||||
| Total assets | 713 | 407 | 339 | 718 | 1,161 | 1,528 | 1,163 |
| Net worth | 583 | 317 | 68.81 | 233 | 676 | 972 | 917 |
| Total debt | 17.59 | 28.83 | 163 | 359 | 388 | 453 | 137 |
| Cash & bank | 430 | 442 | 151 | 222 | 182 | 220 | 379 |
| Net working capital | 495 | 217 | 45.59 | 403 | 708 | 954 | 581 |
| Cash flow | |||||||
| Cash from operations | 469 | 379 | 182 | 89.78 | 49.13 | (478) | (563) |
| Cash from investing | (436) | 56.31 | (3.38) | 6.20 | (5.03) | 63.34 | 917 |
| Cash from financing | (47.23) | (128) | (226) | (48.04) | (78.79) | 254 | (86.47) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 309 | 316 | 386 | 281 | 287 | 266 | 317 | 217 |
| Revenue growth (YoY) | +7.6% | +18.8% | +21.7% | +29.0% | +16.4% | - | - | - |
| Other income | 33.06 | 30.07 | 16.27 | 28.37 | 56.10 | 223 | 28.40 | 69.51 |
| EBITDA | 31.28 | 92.67 | 66.68 | 15.17 | (12.37) | (20.76) | (39.35) | 10.19 |
| EBITDA margin | +10.1% | +29.3% | +17.3% | +5.4% | -4.3% | -7.8% | -12.4% | +4.7% |
| Depreciation | 3.27 | 3.01 | 3.21 | 2.63 | 3.43 | 3.49 | 3.52 | 3.41 |
| Interest | 4.51 | 4.37 | 6.29 | 5.66 | 5.58 | 1.64 | 4.11 | 9.42 |
| Profit before tax | 56.56 | 115 | 73.45 | 35.25 | 34.72 | 197 | (18.58) | 66.87 |
| Tax | 2.83 | 2.15 | 1.13 | 2.89 | 0.00 | 32.63 | 0.00 | 0.00 |
| Net profit | 53.73 | 113 | 72.32 | 32.36 | 34.72 | 164 | (18.58) | 66.87 |
| EPS (₹) | 7.99 | 16.84 | 10.75 | 4.81 | 5.16 | 24.43 | (2.76) | 9.95 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,269 | 1,047 | 1,039 | 1,796 | 2,620 | 3,343 | 2,446 |
| Revenue growth | +21.2% | +0.8% | -42.2% | -31.5% | -21.6% | +36.7% | - |
| EBITDA | 172 | 9.40 | (180) | (323) | (291) | 125 | 151 |
| EBITDA margin | +13.5% | +0.9% | -17.3% | -18.0% | -11.1% | +3.7% | +6.2% |
| Profit before tax | 243 | 192 | (177) | (334) | (293) | 95.05 | 174 |
| Net profit | 263 | 192 | (142) | (436) | (145) | 94.43 | 69.53 |
| Net profit margin | +20.7% | +18.3% | -13.7% | -24.3% | -5.5% | +2.8% | +2.8% |
| EPS (₹) | 35.16 | 28.53 | (26.34) | (65.98) | (43.39) | 9.94 | 12.65 |
| Balance sheet | |||||||
| Total assets | 675 | 385 | 327 | 712 | 1,158 | 1,528 | 1,166 |
| Net worth | 544 | 294 | 57.35 | 227 | 673 | 972 | 920 |
| Total debt | 17.59 | 28.83 | 163 | 359 | 388 | 453 | 137 |
| Cash & bank | 430 | 442 | 151 | 222 | 182 | 220 | 379 |
| Net working capital | 495 | 217 | 45.67 | 403 | 708 | 954 | 585 |
| Cash flow | |||||||
| Cash from operations | 469 | 379 | 182 | 89.78 | 49.17 | (477) | (563) |
| Cash from investing | (436) | 56.31 | (3.38) | 6.20 | (5.00) | 62.99 | 917 |
| Cash from financing | (47.23) | (128) | (226) | (48.05) | (78.78) | 255 | (86.47) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 309 | 316 | 386 | 281 | 287 | 266 | 317 | 217 |
| Revenue growth (YoY) | +7.7% | +18.8% | +21.7% | +29.0% | +16.4% | - | - | - |
| Other income | 31.88 | 19.47 | 15.63 | 26.44 | 53.10 | 215 | 27.39 | 68.63 |
| Total expenses | 277 | 224 | 319 | 265 | 299 | 287 | 356 | 207 |
| EBITDA | 31.28 | 92.70 | 66.68 | 15.17 | (12.48) | (20.76) | (39.35) | 10.20 |
| EBITDA margin | +10.1% | +29.3% | +17.3% | +5.4% | -4.4% | -7.8% | -12.4% | +4.7% |
| Depreciation | 3.27 | 3.01 | 3.21 | 2.63 | 3.43 | 3.49 | 3.52 | 3.41 |
| Interest | 4.51 | 4.37 | 6.29 | 5.66 | 5.58 | 1.64 | 4.11 | 9.42 |
| Profit before tax | 55.38 | 105 | 72.81 | 33.32 | 31.61 | 189 | (19.59) | 66.00 |
| Tax | 2.83 | 2.15 | 1.13 | 2.89 | 0.00 | 32.63 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 309 | 316 | 386 | 281 | 287 | 266 | 317 | 217 |
| Revenue growth (YoY) | +7.6% | +18.8% | +21.7% | +29.0% | +16.4% | - | - | - |
| Other income | 33.06 | 30.07 | 16.27 | 28.37 | 56.10 | 223 | 28.40 | 69.51 |
| EBITDA | 31.28 | 92.67 | 66.68 | 15.17 | (12.37) | (20.76) | (39.35) | 10.19 |
| EBITDA margin | +10.1% | +29.3% | +17.3% | +5.4% | -4.3% | -7.8% | -12.4% | +4.7% |
| Depreciation | 3.27 | 3.01 | 3.21 | 2.63 | 3.43 | 3.49 | 3.52 | 3.41 |
| Interest | 4.51 | 4.37 | 6.29 | 5.66 | 5.58 | 1.64 | 4.11 | 9.42 |
| Profit before tax | 56.56 | 115 | 73.45 | 35.25 | 34.72 | 197 | (18.58) | 66.87 |
| Tax | 2.83 | 2.15 | 1.13 | 2.89 | 0.00 | 32.63 | 0.00 | 0.00 |
| Net profit | 53.73 | 113 | 72.32 | 32.36 | 34.72 | 164 | (18.58) | 66.87 |
| EPS (₹) | 7.99 | 16.84 | 10.75 | 4.81 | 5.16 | 24.43 | (2.76) | 9.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,269 | 1,047 | 1,039 | 1,796 | 2,620 | 3,343 | 2,446 |
| Revenue growth | +21.2% | +0.8% | -42.2% | -31.5% | -21.6% | +36.7% | - |
| Other income | 131 | 252 | 94.40 | 91.21 | 141 | 102 | 158 |
| Total expenses | 1,098 | 1,038 | 1,218 | 2,119 | 2,911 | 3,215 | 2,295 |
| Employee cost | 184 | 193 | 233 | 419 | 410 | 383 | 371 |
| EBITDA | 172 | 9.40 | (180) | (323) | (291) | 128 | 151 |
| EBITDA margin | +13.5% | +0.9% | -17.3% | -18.0% | -11.1% | +3.8% | +6.2% |
| Depreciation | 12.28 | 13.82 | 14.88 | 22.53 | 43.72 | 50.06 | 66.47 |
| Interest | 31.52 | 44.41 | 71.25 | 76.60 | 97.49 | 81.24 | 68.96 |
| Profit before tax | 259 | 203 | (171) | (331) | (291) | 99.21 | 173 |
| Tax | 6.23 | 0.00 | 0.00 | 109 | (1.75) | 28.75 | 88.66 |
| Net profit | 280 | 203 | (137) | (433) | (142) | 95.49 | 69.11 |
| Net profit margin | +22.0% | +19.4% | -13.2% | -24.1% | -5.4% | +2.9% | +2.8% |
| EPS (₹) | 37.57 | 30.19 | (25.48) | (65.53) | (42.96) | 10.48 | 12.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 67.23 | 67.23 | 67.23 | 67.23 | 67.23 | 67.23 | 67.23 |
| Reserves & surplus | 515 | 249 | 1.58 | 165 | 609 | 904 | 849 |
| Shareholders' funds (net worth) | 583 | 317 | 68.81 | 233 | 676 | 972 | 917 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 170 | 250 | 135 | 0.00 |
| Unsecured loans | 17.59 | 28.83 | 163 | 189 | 138 | 318 | 137 |
| Total debt | 17.59 | 28.83 | 163 | 359 | 388 | 453 | 137 |
| Total liabilities | 713 | 407 | 339 | 718 | 1,161 | 1,528 | 1,163 |
| Assets | |||||||
| Gross block | 137 | 167 | 214 | 240 | 263 | 439 | 444 |
| Net block | 40.20 | 62.67 | 97.58 | 110 | 133 | 283 | 307 |
| Capital work in progress | 3.19 | 4.37 | 3.55 | 0.69 | 2.31 | 1.70 | 4.63 |
| Investments | 45.93 | 29.92 | 18.74 | 13.07 | 10.18 | 2.67 | 2.67 |
| Inventories | 150 | 88.05 | 86.84 | 87.80 | 80.62 | 200 | 230 |
| Sundry debtors | 762 | 1,173 | 1,699 | 1,954 | 2,395 | 2,214 | 1,327 |
| Cash & bank balances | 430 | 442 | 151 | 222 | 182 | 220 | 379 |
| Loans & advances | 578 | 119 | 350 | 285 | 347 | 785 | 852 |
| Total current assets | 1,920 | 1,822 | 2,288 | 2,549 | 3,004 | 3,419 | 2,788 |
| Total current liabilities | 1,425 | 1,605 | 2,242 | 2,146 | 2,296 | 2,465 | 2,207 |
| Net working capital | 495 | 217 | 45.59 | 403 | 708 | 954 | 581 |
| Total assets | 713 | 407 | 339 | 718 | 1,161 | 1,528 | 1,163 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 438 | 131 | 177 | 165 | 200 | 378 | 112 |
| Net cash from operating activities | 469 | 379 | 182 | 89.78 | 49.13 | (478) | (563) |
| Net cash from investing activities | (436) | 56.31 | (3.38) | 6.20 | (5.03) | 63.34 | 917 |
| Net cash from financing activities | (47.23) | (128) | (226) | (48.04) | (78.79) | 254 | (86.47) |
| Net change in cash | (13.75) | 308 | (46.95) | 47.94 | (34.69) | (160) | 267 |
| Closing cash | 430 | 442 | 151 | 222 | 182 | 220 | 379 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +21.2% | +0.8% | -42.2% | -31.5% | -21.6% | +36.7% | - |
| EBITDA growth | +1728.0% | +105.2% | +44.5% | -11.3% | -327.0% | -15.1% | - |
| PBT growth | +27.5% | +9998.0% | +48.3% | -14.0% | - | -42.7% | +18.5% |
| Net income growth | +37.7% | +248.6% | +68.5% | -205.0% | -248.8% | +38.2% | - |
| Revenue CAGR (3Y) | -10.9% | -26.3% | -32.3% | -9.8% | +11.3% | +35.7% | +7.1% |
| Profitability & leverage | |||||||
| Net income margin | +19.9% | +19.4% | -16.5% | -24.5% | -11.0% | +2.1% | +3.5% |
| Return on capital employed | +65.7% | +19.4% | 0.0% | 0.0% | -3.5% | +16.0% | +19.8% |
| Return on net worth | +58.3% | +91.2% | 0.0% | 0.0% | -17.3% | +10.1% | +7.7% |
| Debt / equity | 0.05 | 0.50 | 1.73 | 0.82 | 0.51 | 0.31 | 0.08 |
| Long-term debt / equity | 0.03 | 0.16 | 0.34 | 0.15 | 0.12 | 0.12 | 0.06 |
| Interest cover | 19.76 | -1,004.75 | -36.64 | -22.15 | -29.16 | 104.19 | 81.73 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 8.37 | 5.50 | 4.57 | 7.13 | 7.46 | 7.57 | 7.01 |
| Inventory turnover | 10.68 | 11.97 | 11.89 | 21.33 | 18.64 | 15.53 | 11.91 |
| Debtors turnover | 1.31 | 0.73 | 0.57 | 0.83 | 1.14 | 1.89 | 2.12 |
| EPS (₹) | 37.57 | 30.19 | (25.48) | (65.53) | (42.96) | 10.48 | 12.58 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 2.00 |
| Book value per share (₹) | 86.65 | 47.10 | 10.24 | 34.59 | 100.52 | 144.52 | 136.35 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 309 | 316 | 386 | 281 | 287 | 266 | 317 | 217 |
| Revenue growth (YoY) | +7.7% | +18.8% | +21.7% | +29.0% | +16.4% | - | - | - |
| Other income | 31.88 | 19.47 | 15.63 | 26.44 | 53.10 | 215 | 27.39 | 68.63 |
| Total expenses | 277 | 224 | 319 | 265 | 299 | 287 | 356 | 207 |
| EBITDA | 31.28 | 92.70 | 66.68 | 15.17 | (12.48) | (20.76) | (39.35) | 10.20 |
| EBITDA margin | +10.1% | +29.3% | +17.3% | +5.4% | -4.4% | -7.8% | -12.4% | +4.7% |
| Depreciation | 3.27 | 3.01 | 3.21 | 2.63 | 3.43 | 3.49 | 3.52 | 3.41 |
| Interest | 4.51 | 4.37 | 6.29 | 5.66 | 5.58 | 1.64 | 4.11 | 9.42 |
| Profit before tax | 55.38 | 105 | 72.81 | 33.32 | 31.61 | 189 | (19.59) | 66.00 |
| Tax | 2.83 | 2.15 | 1.13 | 2.89 | 0.00 | 32.63 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,269 | 1,047 | 1,039 | 1,796 | 2,620 | 3,343 | 2,446 |
| Revenue growth | +21.2% | +0.8% | -42.2% | -31.5% | -21.6% | +36.7% | - |
| Other income | 115 | 241 | 88.65 | 88.19 | 138 | 102 | 158 |
| Total expenses | 1,098 | 1,038 | 1,218 | 2,119 | 2,911 | 3,218 | 2,295 |
| Employee cost | 184 | 193 | 233 | 419 | 410 | 383 | 371 |
| EBITDA | 172 | 9.40 | (180) | (323) | (291) | 125 | 151 |
| EBITDA margin | +13.5% | +0.9% | -17.3% | -18.0% | -11.1% | +3.7% | +6.2% |
| Depreciation | 12.28 | 13.82 | 14.88 | 22.53 | 43.72 | 50.06 | 66.47 |
| Interest | 31.52 | 44.41 | 71.25 | 76.60 | 97.49 | 81.24 | 68.96 |
| Profit before tax | 243 | 192 | (177) | (334) | (293) | 95.05 | 174 |
| Tax | 6.23 | 0.00 | 0.00 | 109 | (1.75) | 28.22 | 88.52 |
| Net profit | 263 | 192 | (142) | (436) | (145) | 94.43 | 69.53 |
| Net profit margin | +20.7% | +18.3% | -13.7% | -24.3% | -5.5% | +2.8% | +2.8% |
| EPS (₹) | 35.16 | 28.53 | (26.34) | (65.98) | (43.39) | 9.94 | 12.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 67.23 | 67.23 | 67.23 | 67.23 | 67.23 | 67.23 | 67.23 |
| Reserves & surplus | 477 | 227 | (9.88) | 160 | 606 | 904 | 853 |
| Shareholders' funds (net worth) | 544 | 294 | 57.35 | 227 | 673 | 972 | 920 |
| Secured loans | 0.00 | 0.00 | 0.00 | 170 | 250 | 135 | 0.00 |
| Unsecured loans | 17.59 | 28.83 | 163 | 189 | 138 | 318 | 137 |
| Total debt | 17.59 | 28.83 | 163 | 359 | 388 | 453 | 137 |
| Total liabilities | 675 | 385 | 327 | 712 | 1,158 | 1,528 | 1,166 |
| Assets | |||||||
| Gross block | 137 | 167 | 214 | 240 | 263 | 439 | 444 |
| Net block | 40.20 | 62.67 | 97.58 | 110 | 133 | 283 | 307 |
| Capital work in progress | 3.19 | 4.37 | 3.55 | 0.69 | 2.31 | 1.70 | 4.63 |
| Investments | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 2.67 | 2.67 |
| Inventories | 150 | 88.05 | 86.84 | 87.80 | 80.62 | 200 | 230 |
| Sundry debtors | 762 | 1,173 | 1,699 | 1,954 | 2,395 | 2,214 | 1,327 |
| Cash & bank balances | 430 | 442 | 151 | 222 | 182 | 220 | 379 |
| Loans & advances | 578 | 119 | 350 | 285 | 347 | 785 | 856 |
| Total current assets | 1,920 | 1,822 | 2,288 | 2,549 | 3,004 | 3,419 | 2,792 |
| Total current liabilities | 1,425 | 1,605 | 2,242 | 2,146 | 2,296 | 2,465 | 2,207 |
| Net working capital | 495 | 217 | 45.67 | 403 | 708 | 954 | 585 |
| Total assets | 675 | 385 | 327 | 712 | 1,158 | 1,528 | 1,166 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 438 | 131 | 177 | 165 | 200 | 378 | 111 |
| Net cash from operating activities | 469 | 379 | 182 | 89.78 | 49.17 | (477) | (563) |
| Net cash from investing activities | (436) | 56.31 | (3.38) | 6.20 | (5.00) | 62.99 | 917 |
| Net cash from financing activities | (47.23) | (128) | (226) | (48.05) | (78.78) | 255 | (86.47) |
| Net change in cash | (13.86) | 308 | (46.95) | 47.93 | (34.61) | (160) | 267 |
| Closing cash | 430 | 442 | 151 | 222 | 182 | 220 | 379 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +21.2% | +0.8% | -42.2% | -31.5% | -21.6% | +36.7% | - |
| EBITDA growth | +1727.1% | +105.2% | +44.5% | -11.3% | -333.0% | -17.4% | - |
| PBT growth | +26.5% | +9998.0% | +47.0% | -13.9% | - | -45.2% | +18.6% |
| Net income growth | +37.2% | +234.7% | +67.4% | -201.0% | -253.6% | +35.8% | - |
| Revenue CAGR (3Y) | -10.9% | -26.3% | -32.3% | -9.8% | +11.3% | +35.7% | +7.1% |
| EBITDA CAGR (3Y) | - | - | - | - | - | - | +303.3% |
| Profitability & leverage | |||||||
| Net income margin | +18.6% | +18.3% | -17.1% | -24.7% | -11.1% | +2.0% | +3.5% |
| Return on capital employed | +65.1% | +16.8% | 0.0% | 0.0% | -3.7% | +16.0% | +19.7% |
| Return on net worth | +57.2% | +88.5% | 0.0% | 0.0% | -17.6% | +10.0% | +7.7% |
| Debt / equity | 0.06 | 0.55 | 1.84 | 0.83 | 0.51 | 0.31 | 0.08 |
| Long-term debt / equity | 0.03 | 0.18 | 0.36 | 0.15 | 0.12 | 0.12 | 0.06 |
| Interest cover | 19.77 | -1,004.75 | -36.64 | -22.15 | -29.17 | 108.87 | 81.69 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 8.37 | 5.50 | 4.57 | 7.13 | 7.46 | 7.57 | 7.01 |
| Inventory turnover | 10.68 | 11.97 | 11.89 | 21.33 | 18.64 | 15.53 | 11.91 |
| Debtors turnover | 1.31 | 0.73 | 0.57 | 0.83 | 1.14 | 1.89 | 2.12 |
| EPS (₹) | 35.16 | 28.53 | (26.34) | (65.98) | (43.39) | 9.94 | 12.65 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 2.00 |
| Book value per share (₹) | 80.88 | 43.73 | 8.53 | 33.72 | 100.09 | 144.52 | 136.89 |
To see the full year-wise statements and ratios of Ge Power India Limited, buy the company report.
Board of directors of Ge Power India Limited
Ge Power India has 5 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shukla Wassan Also directs: Kwality Wall's (India) Limited, India Glycols Limited | Director | 29 Nov 2021 | 4 Years 11 Months | Current |
| Craig Martin Richards | Director | 14 Aug 2025 | 1 Years 2 Months | Current |
| Neeraj Kumar Nanda Also directs: Empowerera Consulting LLP | Director | 16 May 2025 | 1 Years 5 Months | Current |
| Puneet Bhatla | Managing Director | 01 Sep 2024 | 2 Years 1 Months | Current |
| Ashok Kumar Barat | Director | 01 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Ge Power India Limited is compared with the 5 companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ge Power India Limitedthis company | ₹1,269.39 Cr (FY 2026) | ₹279.52 Cr | 22% | 21.2% | 827 | Mumbai, Maharashtra, India |
| Nordex India Manufacturing Private Limited | ₹1,208.95 Cr (FY 2024) | 21.0% | Chennai, Tamil Nadu, India | |||
| Fuji Electric India Private Limited | ₹1,208.4 Cr (FY 2024) | 11.0% | Chennai, Tamil Nadu, India | |||
| Saatvik Solar Industries Private Limited | ₹1,186.92 Cr (FY 2025) | 31910.0% | Chandigarh, India | |||
| TTP Technologies Private Limited | ₹1,151.16 Cr (FY 2025) | 34.0% | Bangalore, Karnataka, India | |||
| Diamond Power Infrastructure Limited | ₹1,115.95 Cr (FY 2025) | 224.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Ge Power India Limited, buy the company report.
Auditor
Ge Power India Limited is audited by Deloitte Haskins & Sells for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2023 | 015125N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 68.60%, foreign institutional investors hold 1.20%, domestic institutional investors hold 1.40% and retail and other public shareholders hold 28.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 68.60% | 68.60% | 68.60% | 68.60% |
| Public | 31.40% | 31.40% | 31.40% | 31.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Oct 2020 | 100382899 | State Bank of India | ₹500 Cr | Open | |
| 07 Feb 2000 | 90215880 | Others | ₹510 Cr | Open | |
| 14 Jan 2000 | 80031191 | Canara Bank | ₹600 Cr | Open | |
| 12 Dec 2022 | 100659872 | Hdfc Bank Limited | ₹450 Cr | Satisfied | |
| 23 Jul 2021 | 100468593 | Axis Bank Limited | ₹225 Cr | Satisfied |
To see the full charge records of Ge Power India Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Ge Power India Limited has 28 deals on record (26 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹6.1 Cr; the latest was in February 2026.
Deals on record (5 of 28)
To see the full deal history of Ge Power India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ge Power India Limited has 540 court cases on record: 235 filed by Ge Power India, 307 filed against it. 63 cases are pending and 477 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 302 | 171 | 38 |
| High courts | 223 | 127 | 21 |
| Supreme Court | 14 | 8 | 4 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 540)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Paschim Bardhaman, West Bengal | Civil suit | Filed by the company against M/S Shri Bhagatjee Ispat Ltd | Pending |
| District court, Paschim Bardhaman, West Bengal | Civil suit | Filed by the company against M/S Veer Wheels Pvt. Ltd | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Nipani Infra and Industries Pvt. Ltd. | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Mecwel Constructions Private Limited | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Shiga Energy Pvt Ltd | Disposed |
To see the full case history of Ge Power India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Ge Power India Limited was last rated by Icra on 18 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Nov 2021 |
To see the full credit ratings and regulatory alerts of Ge Power India Limited, buy the company report.
MSME payment delays
Ge Power India Limited has 106 MSME Form 1 returns on record between 2004 and 2024, listing 29,936 overdue payments to 704 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 704)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| M K Corporation | |||
| Tata Projects Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ge Power India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ge Power India has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ge Power Boilers Services Limited | U31200WB1947PLC015280 |
To see the full group structure of Ge Power India Limited, buy the company report.
Employees & EPFO
Ge Power India Limited has a workforce of 827 employees on its EPFO records as of Apr 07, 2024, across 6 active EPFO establishments.
GST
Ge Power India has 25 GST registrations: 20 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA8679F1ZE | Maharashtra | Active | 01 Jul 2017 |
| 02AABCA8679F1ZQ | Himachal Pradesh | Active | 01 Jul 2017 |
| 05AABCA8679F1ZK | Uttarakhand | Active | 01 Jul 2017 |
| 06AABCA8679F2ZH | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ge Power India Limited, buy the company report.
Recent activity
Ge Power India Limited has 62 board changes on record since 1998: 34 appointments and 28 cessations. The latest: Craig Martin Richards was appointed as Director on 14 Aug 2025.
74 earlier events are in the company report.
News
Frequently asked questions
Ge Power India is an active public limited company based in Mumbai, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 02 September 1992 (34+ years old) and is registered under CIN L74140MH1992PLC068379. Listed on BSE: 532309 and NSE: GVPIL.
Ge Power India reported revenue of ₹1,269.39 Cr for FY 2025-26 (up 21.2% YoY) based on consolidated financials.
Ge Power India has 5 current directors:
- Puneet Bhatla - Managing Director
- Shukla Wassan - Director
- Craig Martin Richards - Director
- Neeraj Kumar Nanda - Director
- Ashok Kumar Barat - Director
The latest financial statements of Ge Power India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 14 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ge Power India is 27AABCA8679F1ZE, registered in Maharashtra. The company has 25 GST registrations in all, of which 20 are active and 5 are cancelled or inactive. Other active GSTINs include 02AABCA8679F1ZQ (Himachal Pradesh), 05AABCA8679F1ZK (Uttarakhand), 06AABCA8679F2ZH (Haryana).
The CIN (Corporate Identification Number) of Ge Power India is L74140MH1992PLC068379. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ge Power India is a listed company as per MCA records. Its shares are listed on both BSE (code: 532309) and NSE (symbol: GVPIL).
Ge Power India has 540 court cases on record: 235 filed by the company and 307 filed against it. 63 are pending. Most are in the district courts.
Ge Power India was incorporated on 02 September 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Ge Power India has 28 deals on record (26 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹6.1 Cr; the latest was in February 2026.
The peers of Ge Power India by revenue are Nordex India Manufacturing Private Limited, Fuji Electric India Private Limited, Saatvik Solar Industries Private Limited, TTP Technologies Private Limited, Diamond Power Infrastructure Limited, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Craig Martin Richards was appointed as Director on 14 Aug 2025. Mahesh Shrikrishna Palashikar ceased to be Director on 14 Aug 2025. Neeraj Kumar Nanda was appointed as Director on 16 May 2025. Ge Power India has 62 board changes on record in total.

