GE Power India Ltd (NSE: GEPIL) Secures Tata Power’s Maintenance Order: GE Power India Ltd (NSE: GEPIL), a prominent heavy electrical equipment manufacturer, has recently announced a significant milestone. The company has successfully secured a service order from Tata Power Company Limited, focusing on the maintenance of generators for turbines.
Key Details of the Order:
- Nature of Service Request: Maintenance of generators for turbines.
- Completion Timeline: The company is committed to completing the service within 55 days.
- Order Value: The service order amounts to 6.75 crore.
This development underscores GE Power India’s continued commitment to providing top-notch services in heavy electrical equipment.
Share Performance
During Friday’s trading session, GE Power India Ltd’s stock was trading at 295.55, reflecting a minor decline. Conversely, Tata Power Company’s stock concluded the day at 378.3, marking a slight increase.
55% Return In 1 month; 83% Return In 6 Month; Share Price Only ₹34; Hold Or Sell
GE Power India Ltd Loss to Profit
GE Power India Ltd has recently experienced a notable financial turnaround, transitioning from a loss-making period to a profit. This positive shift is attributed to the company’s concerted efforts in expense management during the quarter ending December.
Financial Highlights:
- Revenue: Despite modest revenue generation of Rs 37 lakh, the company has significantly improved its financial standing compared to the corresponding quarter of the previous year, where it incurred a loss of approximately Rs 140 crore.
- Revenue Decline: There was a marginal decline in overall revenue during the quarter ending December, with the company’s income dropping from 544.5 crore to 491.2 crore compared to the previous year.
- Expense Management: Despite the decline in revenue, the company effectively managed its expenses, witnessing a reduction in total expenses from 563.9 crore to 493.1 crore over the same period.
GE Power Growth
GE Power’s stock has seen significant growth, increasing by 23 percent in just one month, 31 percent in three months, 30 percent in 2024 overall, and an impressive 153 percent over a year.
Meanwhile, Tata Power’s stock has also performed well, with a 9 percent increase in one month, a 45 percent increase in three months, a 14 percent increase in 2024, and an 88 percent increase for a year.
Over the past three years, Tata Power’s stock has surged by 311 percent, showcasing its sustained profitability for investors.
About GE Power India Limited
GE Power India Limited stands as a leading player in the Indian market, specializing in the manufacturing of power generation equipment. Established on September 2nd, 1992, the company has garnered prominence for its contributions to the energy sector.
The company’s total operating income amounts to 1795.81 crores, reflecting its robust presence and significant contributions to the energy landscape. Furthermore, its equity capital stands at 67.23 crores, underscoring its financial stability and capacity for sustainable growth.
In essence, GE Power India Ltd’s commitment to innovation, coupled with its comprehensive suite of offerings, solidifies its position as a key player in driving advancements within the power generation sector in India.
Fundamental Analysis of Ge Power India Ltd
| Market Cap | ₹ 1,986.91 Cr. |
| Enterprise Value | ₹ 2,056.31 Cr. |
| No. of Shares | 6.72 Cr. |
| P/E | 0 |
| P/B | 74.82 |
| Face Value | ₹ 10 |
| Div. Yield | 0 % |
| Book Value (TTM) | ₹ 3.95 |
| Cash | ₹ 222.15 Cr. |
| Debt | ₹ 291.55 Cr. |
| Promoter Holding | 68.58 % |
| EPS (TTM) | ₹ -49.40 |
| Sales Growth | -31.47% |
| ROE | -98.62 % |
| ROCE | -33.38% |
| Profit Growth | -52.07 % |
Conclusion
This article serves as a comprehensive guide to the Order From TATA Power: ₹293 Share price; Know the next Target After order. The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail. Feel free to comment below if you have any further queries. We are more than happy to address all your questions. If you find this information helpful, consider sharing the article with as many people as possible.
Disclaimer:
Dear readers, please be advised that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided on this site is solely for informational and educational purposes and should not be construed as financial advice or stock recommendations. Additionally, share price predictions are intended for reference purposes only and are valid only under positive market conditions.
This study does not consider any uncertainties regarding the company’s future or the current market conditions. While this information is for informational purposes, we disclaim any responsibility for potential financial losses incurred based on the information provided on this site. We aim to offer timely updates about the stock market and financial products to assist you in making informed investment decisions. It is crucial to conduct your research before making any investment decisions.