Others | Electrical Equipment
Nov 7, 2018
GE Power India Ltd
BUY
CMP
`847
Stock Info
GE power is a leading energy player in India with strong capabilities in
Sector
Electrical Equipment
engineering, manufacturing, project management and supply of products and
Market Cap (` cr)
5,692
solutions for power generation and transmission infrastructure requirements.
52 Week High / Low
974/684
The company’s performance in the past has been volatile and its 10 year sales
Avg. Daily Volume
1,143
CAGR is just at 5.2%. Profits also has been volatile with profits in some years
Face Value (`)
10
while reporting losses for other years. But going forward, the company sees room
BSE Sensex
35,238
for improvement. The company is awarded `309cr worth contract by NTPC to
Nifty
10,585
install Fuel Gas Desulphurization system at Phase-I (2X800 MW) of Super
Reuters Code
GEPO BO
Thermal Power Project in Telangana. This is the first standalone FGD order for
Bloomberg Code
GEPIL IN
GE in the country since the notification of new emission norms for thermal power
plants by the Ministry of Environment, Forests & Climate Change (MoEF & CC) in
December 2015. With this new award, GE will further strengthen its position in
the FGD market. This builds on GE’s previous standalone FGD project in India
Shareholding Pattern (%)
for NTPC’s Phase V, Unit- XIII (1 X 500 MW) Vindyachal Thermal Power Plant. In
Promoters
68.6
addition, GE is also executing Turbine Island package for Telangana Phase-I
MF / Banks / Indian Fls
15.9
(2X800 MW) STPP. Looking at the strong pipeline we expect GE power’s
FII / NRIs / OCBs
2.2
operations to improve. Hence Buy.
Indian Public / Others
13.4
Abs. (%)
3m 1yr
3yr
Sensex
(6.4)
5.6
34.9
GEPIL
10.9
27.9
41.6
Jaikishan Parmar
022 - 3935 7600 Ext: 6810
Please refer to important disclosures at the end of this report
1
GE Power India| Electrical Equipment
Research Team Tel: 022 - 39357600
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Disclosure of Interest Statement
GE Power
1. Financial interest of research analyst or Angel or his Associate or his relative
No
2. Ownership of 1% or more of the stock by research analyst or Angel or associates or relatives
No
3. Served as an officer, director or employee of the company covered under Research
No
4. Broking relationship with company covered under Research
No
Ratings (Based on expected returns
Buy (> 15%)
Accumulate (5% to 15%)
Neutral (-5 to 5%)
over 12 months investment period):
Reduce (-5% to -15%)
Sell (< -15)
2
