GEPIL

GE Power share price & financials

Price
₹1,055.25
Market cap
₹1.9k Cr
Sector
Capital Goods

What GE Power does

GE Power India Limited designs, manufactures and services power generation equipment, with Steam Power — spanning boilers, boiler auxiliaries, coal mills, air quality control systems (FGD) and automation & control solutions — forming the majority of its business, alongside Hydro and Gas Power project execution. It runs a manufacturing facility at Durgapur, West Bengal and an engineering/execution unit at Noida, Uttar Pradesh, backed by sales offices and workshops across India. The company also delivers EPC, engineering and O&M services for gas and hydro power projects in India and the South Asia region, and exports spares and equipment to plants in Turkey, Australia, the UAE, Malaysia, the USA and Europe. It is part of the global GE Vernova group, with GE Steam Power International B.V. as its promoter.

Segments

  • Steam Power
  • Hydro
  • Gas Power
Manufacturing facilities
Durgapur (West Bengal) and Noida (Uttar Pradesh)
Sales & service network
Sales offices and workshops present across India
Export markets served (FY25)
Turkey, Australia, UAE, Malaysia, USA, Hungary, Iraq
Manufacturing partnership
BHEL-GEPIL partnership for supercritical/ultracritical boiler execution
Wholly-owned subsidiary
GE Power Boilers Services Limited (GEPBSL)
Joint venture
NTPC GE Power Services Private Limited (NGSL) — 50% held with NTPC
Founded 1992Headquarters Mumbai, Maharashtra (registered office); Noida, Uttar Pradesh (corporate office) Company website

Quarterly results

Q1 FY27: revenue up 7.7%, net profit up 54.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue217 317 266 287 281 +29%386 +22%316 +19%309 +8%
EBITDA10 4 -21 0 28 +180%125 +3025%107 +610%45
Net profit67 -19 164 35 32 −52%72 +479%113 −31%54 +54%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +85.5% 1Y

₹0.4k₹0.6k₹0.8k₹1.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹352.35 on 10 Sept 2025 → ₹653.6. High ₹1,055.25 (19 Jun 2026), low ₹274.95 (27 Jan 2026).

Financials, as filed

Revenue fell 10.9% a year over 3 years, FY23 to FY26. Operating margin widened to 20.5%.

Year endingFY23FY24FY25FY26
Revenue₹1.8k Cr₹1.2k Cr₹1.0k Cr₹1.3k Cr
Operating profit₹-328 Cr₹-172 Cr₹-25 Cr₹260 Cr
Operating margin-18.3%-14.3%-2.4%20.5%
Interest₹61 Cr₹59 Cr₹25 Cr₹22 Cr
Depreciation₹23 Cr₹17 Cr₹14 Cr₹12 Cr
Net profit₹-441 Cr₹-172 Cr₹202 Cr₹252 Cr
Net margin-24.6%-14.3%19.3%19.8%
Cash from operations₹90 Cr₹182 Cr₹379 Cr₹469 Cr
Free cash flow₹87 Cr₹180 Cr₹376 Cr₹467 Cr
ROCE-29.0%-16.0%27.0%82.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹67 Cr₹67 Cr₹67 Cr₹67 Cr₹67 Cr₹67 Cr
Reserves₹904 Cr₹609 Cr₹165 Cr₹2 Cr₹319 Cr₹515 Cr
Borrowings₹453 Cr₹388 Cr₹359 Cr₹163 Cr₹20 Cr₹18 Cr
Other liabilities₹2.6k Cr₹2.4k Cr₹2.3k Cr₹2.3k Cr₹1.5k Cr₹1.5k Cr
Total liabilities₹4.0k Cr₹3.5k Cr₹2.9k Cr₹2.6k Cr₹1.9k Cr₹2.1k Cr
Fixed assets₹283 Cr₹133 Cr₹110 Cr₹98 Cr₹44 Cr₹40 Cr
Capital work in progress₹2 Cr₹2 Cr₹1 Cr₹4 Cr₹3 Cr₹3 Cr
Investments₹3 Cr₹10 Cr₹13 Cr₹19 Cr₹35 Cr₹46 Cr
Other assets₹3.7k Cr₹3.3k Cr₹2.7k Cr₹2.5k Cr₹1.8k Cr₹2.0k Cr
Total assets₹4.0k Cr₹3.5k Cr₹2.9k Cr₹2.6k Cr₹1.9k Cr₹2.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −1.20 pp while FIIs added +0.61 pp. The shareholder count shrank 5% to 69,908.

Promoters
68.6%
FIIs
1.2%
DIIs
1.1%
Government
0.4%
Public
28.8%

Since Jun 2025

  • Public −1.20 pp
  • FIIs +0.61 pp
  • DIIs +0.59 pp

How it drifted, 12 quarters

Over this window DIIs fell from 5.3% to 1.1% — −4.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 68.6%, FIIs 0.2%, DIIs 5.3%, Government 0.4%, Public 25.5%.Dec '23: Promoters 68.6%, FIIs 0.1%, DIIs 3.9%, Government 0.4%, Public 27.0%.Mar '24: Promoters 68.6%, FIIs 0.3%, DIIs 3.5%, Government 0.4%, Public 27.3%.Jun '24: Promoters 68.6%, FIIs 0.4%, DIIs 3.0%, Government 0.4%, Public 27.6%.Sep '24: Promoters 68.6%, FIIs 0.4%, DIIs 2.8%, Government 0.4%, Public 27.8%.Dec '24: Promoters 68.6%, FIIs 0.8%, DIIs 2.8%, Government 0.4%, Public 27.4%.Mar '25: Promoters 68.6%, FIIs 0.4%, DIIs 2.3%, Government 0.4%, Public 28.3%.Jun '25: Promoters 68.6%, FIIs 0.6%, DIIs 0.5%, Government 0.4%, Public 30.0%.Sep '25: Promoters 68.6%, FIIs 0.1%, DIIs 0.4%, Government 0.4%, Public 30.5%.Dec '25: Promoters 68.6%, FIIs 0.1%, DIIs 0.4%, Government 0.4%, Public 30.4%.Mar '26: Promoters 68.6%, FIIs 1.3%, DIIs 1.1%, Government 0.4%, Public 28.6%.Jun '26: Promoters 68.6%, FIIs 1.2%, DIIs 1.1%, Government 0.4%, Public 28.8%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of GE Power above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
GE Steam Power International BV (formerly GE Power India Tracking BV) 68.58%unchanged
Aarti Bhatia 1.12%unchanged
GE Power Boilers Services Limited 0.00%unchanged
GE Steam Power FZ-LLC 0.00%unchanged
GE Power Service Korea Ltd. 0.00%unchanged
GE Vernova Inc 0.00%unchanged
GE Vernova Holdings LLC 0.00%unchanged
GE Power Netherlands B.V. 0.00%unchanged
GE Power Global B.V. 0.00%unchanged
GE Renewable Holding B.V. 0.00%unchanged
NTPC Ge Power Services Private Limited 0.00%unchanged
Quadrature Trading Vcc - Sub-Fund No. 1 —off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse GE Power

Guides on how to read this kind of business and the numbers that matter.