Latest news with #GEVernovaT&DIndiaLtd
Business Standard
7 days ago
- Business
- Business Standard
GE Vernova T&D India Ltd up for third straight session
GE Vernova T&D India Ltd is quoting at Rs 2440, up 4.5% on the day as on 12:49 IST on the NSE. The stock is up 52.97% in last one year as compared to a 1.52% slide in NIFTY and a 15.53% slide in the Nifty Energy index. GE Vernova T&D India Ltd is up for a third straight session today. The stock is quoting at Rs 2440, up 4.5% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.14% on the day, quoting at 25177.45. The Sensex is at 82481.38, down 0.19%. GE Vernova T&D India Ltd has gained around 2.78% in last one month. Meanwhile, Nifty Energy index of which GE Vernova T&D India Ltd is a constituent, has gained around 2.39% in last one month and is currently quoting at 36350.9, up 0.47% on the day. The volume in the stock stood at 2.73 lakh shares today, compared to the daily average of 3.76 lakh shares in last one month. The PE of the stock is 98.48 based on TTM earnings ending March 25.
Mint
12-06-2025
- Business
- Mint
GE Vernova's impressive turnaround has stretched the stock's valuation
GE Vernova T&D India Ltd stock has staged an impressive comeback. In just two months, shares of the power transmission and distribution company have surged to around ₹2,310 from a 52-week low of ₹1,254 on 9 April. Strong order inflows and higher-than-anticipated improvement in profitability seem to have powered this turnaround. Order inflows in the March quarter (Q4FY25) jumped 124% year-on-year to nearly ₹3,000 crore, backed by healthy ordering momentum in the domestic power sector. With this, order inflows for FY25 rose 85% year-on-year to ₹10,800 crore. Record order backlog The order backlog, at ₹12,700 crore, hit a record high in FY25 and the bill-to-book ratio came in at nearly three times FY25 revenue. Of this, projects worth about ₹9,000 crore are to be executed within 24 months. GE is focusing on product-driven orders instead of turnkey projects, aiding revenue visibility. Management expects a significant increase in orders over the next three to five years with the Central Electricity Authority's planned capex of ₹9.2 trillion moving from the planning to the ordering stage. Also read: FPIs return to India, but will they stay? A crucial event hangs heavy Gross margin expanded 912 basis points (bps) to 42.3% in Q4FY25, which also boosted sentiment. This was driven by healthy pricing power and efficient execution. GE's reported operating margin of 21.9% in Q4FY25 was the highest among its high-voltage (HV) transformer peers, said Nuvama Research. After adjusting for a one-off litigation cost, margin was 23.2%. For FY25, gross margin rose 603 bps to 40.4% and Ebitda margin improved to 19.1% from 10.1%. Management expects to maintain margins at these levels in FY26. However, sales in the margin-accretive export segment are under pressure, having declined around 8% year-on-year in Q4FY25. Export orders slumped by 6.2% year-on-year to ₹260 crore. Exports are expected to revive with group companies projected to generate nearly 30% of exports orders. Local production plans Meanwhile, GE is setting up a facility to localise the production of certain equipment, which is expected to be operational by early 2027. The equipment, essential for power grid stability and renewable energy integration, is currently being imported. Also read: Rally in SBI Card may have priced in improved outlook It is also investing in certain debottlenecking projects, which would increase its production capacity and speed up execution. The capital expenditure planned for these is around ₹250 crore, to be spent over the next 12-18 months. According to PhillipCapital (India), GE's capex programme is a key catalyst and these investments will strengthen its ability to compete for upcoming high-voltage direct current (HVDC) projects, narrowing the gap with peers such as Hitachi Energy. All said, the stock's sharp rally has translated into an expensive valuation multiple of 76 times estimated FY26 earnings, according to Bloomberg. The valuation looks stretched despite solid revenue visibility. Supply-chain issues to critical transformer components and slower order intake remain key downside risks. The stock was down almost 3% to around ₹2,310 on Tuesday but is still up 37% over the past month and 12.5% since the start of 2025. Also read: Bata's turnaround is taking time—and the market's patience is wearing thin
Economic Times
21-05-2025
- Business
- Economic Times
Stock Radar: Down nearly 20% from highs! This heavy equipment stock is showing signs of bottoming out – time to buy?
GE Vernova T&D India Ltd (GVT&D), part of the heavy equipment space, bounced back after forming a double bottom pattern on the weekly charts which has opened room for the stock to head term traders can look to buy the stock for a target above Rs 2,100 in the next few weeks, suggest stock hit a high of Rs 2,215 on December 23, 2024, but it failed to hold the momentum. It closed at Rs 1,784 on May 20, 2025 which
Time of India
14-05-2025
- Business
- Time of India
GE Vernova to invest Rs 140 crore to expand manufacturing in India
GE Vernova on Wednesday announced plans to invest Rs 140 crore through its listed Indian arm, GE Vernova T&D India, to expand its manufacturing footprint in the country. The investment aims to meet the growing demand for advanced grid infrastructure. The expansions are expected to enhance the ability of GE Vernova T&D India Ltd to manufacture and test key next-generation equipment used in modern transmission systems, supporting both India's energy transition and export demand from other fast-growing economies, a company statement said. The investment plans will help GE Vernova to expand its electrification manufacturing and engineering footprint in India, specifically, advanced grid technologies that enable stable, reliable, and secure delivery of electricity, according to the statement. The investment will be made by GE Vernova T&D India Ltd, the listed entity of GE Vernova's electrification business in India and includes the development of a new manufacturing line at its existing facility in Chennai (Pallavaram) and a new facility in Noida. The new expansions will focus on High Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS) technologies, which help stabilise power grids, reduce transmission losses, and make it easier to connect renewable energy like solar and wind. Live Events These systems are critical for getting renewable energy from where it's generated, often in remote areas, where it's needed most -- cities, industries, and communities. "India continues to be a critical part of our global strategy --both for our customers and as a manufacturing hub," said Johan Bindele, VP of Grid Systems Integration at GE Vernova. "With energy demand rising and more renewables being added to the grid, the need for strong, smart, and flexible infrastructure has never been greater," said Sandeep Zanzaria, Managing Director and CEO of GE Vernova T&D India. The new manufacturing line at the existing Chennai facility will produce Line Commutated Converter (LCC) HVDC valves and Voltage Source Converter (VSC) Static Synchronous Compensator (STATCOM) valves. These valves are key components of advanced HVDC and FACTS systems. LCC is typically used for long-distance, high-capacity power transmission, while VSC is more suitable for connecting renewable energy sources and providing grid stability. In Noida, GE Vernova T&D India will set up a new engineering and test lab to support design and system validation for these solutions, as well as supply control systems ensuring quality and performance in real-world grid conditions. The Noida lab is expected to be operational by the end of 2025, and the new manufacturing line at the Chennai facility by early 2027. As part of GE Vernova's previously announced USD 4 billion cumulative capital expenditure plan through 2028, this investment is part of the company's broader "Asia for Asia" strategy. The initiative aims to build localised manufacturing capacity to better serve regional needs while contributing to global supply chain resilience. It also supports India's ambition to become a renewable energy leader by expanding access to "Make in India" technologies that power everything from homes to factories with more efficiency and less environmental impact. GE Vernova T&D India currently operates five manufacturing facilities across the country and has served the Indian grid for over 100 years.
