CG Power Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

CG Power and Industrial Solutions Limited was initially made by REB Crompton in 1937, and was subsequently taken over by Karam Chand Thapar, who changed the name to Crompton Greaves Ltd in 1966. Crompton Greaves Ltd. was broken up last year because one part works in power plants and heavy industries and the other makes electrical appliances that people use every day. CG Power and Industrial Solutions Ltd. replaces Crompton Greaves Ltd.

CG Power Share Price Target 2024-2030

CG Power & Industrial Solutions is a global company that provides utilities, industries, and customers with complete solutions for managing and utilizing renewable and efficient electric power. Power Systems and Industrial Systems are the two main divisions under which the company offers products, services, and facilities. Traders are extremely interested in the company’s normal common universal performance, inventory actions, and future prospects.

CG Power Share Price Target Today Update

In India, CG Power and Industrial Solutions Limited, more commonly referred to as CG Power, is a major player in the power and business organization solutions sector. We will examine the CG Power share charge goal from 2024 to 2030 throughout this evaluation, identifying key factors that would affect the stock’s normal normal usual overall performance during this time period.

CG Power Latest News

• After opening at Rs 470.95 per share on March 19, 2024, the CG Power share price today is getting closer to Rs 480. On Monday, the stock exchange closed at Rs 470.35 for CGPOWER NSE. At present, CG Share Price is exchanging at Rs 479.40 per share, an increment of 1.92% starting from the morning.
• CG Power has as of late gotten consent from the Service of Corporate Issues to lay out its Joint Endeavor project for a 7,600 crores semiconductor gathering office in Gujarat.
• CG Semi Pvt Ltd, a subsidiary of CG Power and Industrial Solutions Ltd, reported in its filing with the stock exchange that the foundation stone laying ceremony had taken place and that the project would take two to five years to complete.
• CG Power and Industrial Solutions had authorized 30,620 equity shares under an ESOP in the first week of March 2024.

Company Overview For CG Power Share Price

CG Power is well-known and has a lot of experience in the electric powered powered device industry. The commercial corporation business, which was established in 1937, has grown into a global entity that provides no-holds-barred solutions in the electricity and business sectors. Its item portfolio comprises of transformers, switchgear, circuit breakers, and specific fundamental parts for the energy locale. Prior to projecting fate rate objectives, it’s miles vital to capture the antiquated frequently happening normal by and large execution of CG Power stocks.

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CG Power Business Profile

Various companies own and operate CG, including Tube Investment, a subsidiary of Murugappa Group Corporation, which was recently renewed with 700 million Indian Rupees for the fiscal year 2020. From a volume and market share perspective, the company holds a dominant position in the Motors business.

• Manufacturing facilities: The organization’s 17 assembling offices are appropriated all through the country. They are spread out across the states of Goa, Madhya Pradesh (Bhopal, Indore, and Gwalior), and Maharashtra (Ahmednagar, Nashik, and Aurangabad).
• Capacity Expansion: CG intends to modernize the existing facilities and eliminate bottlenecks during the fiscal year 2023. Organization’s ability development plans cover their plants in Ahmednagar, Goa, Bhopal and Malanpur. Consumption would be around 400 crores to be spent in FY24-25.
• Geographical Presence: During the FY24, Burkina Faso, Cameron, Congo, Greece, Kenya, Paraguay, Philippines, Suriname, Tunisia, UAE and Uganda will be covered in spite of the fact that it isn’t restricted to them. In the next four to five years, the company will concentrate specifically on increasing exports and raising the export contribution percentage from 5% to 20%.
• Subsidiaries: There are three Indian businesses and eighteen other businesses in the fiscal year 2023, including two Belgian businesses and their bankrupt subsidiaries, five voluntarily liquidated corporations, and one company that declared bankruptcy.

CG Power Fundamentals & Quarterly Results

Market Cap	₹ 1,05,203 Cr.
Current Price	₹ 689
High / Low	₹ 700 / 359
Stock P/E	123
Book Value	₹ 19.8
Dividend Yield	0.22 %
ROCE	47.0 %
ROE	35.6 %
Face Value	₹ 2.00
Debt to equity	0.01
Debt Capacity	0.03
Debt preceding year	₹ 16.4 Cr.
Debt	₹ 17.4 Cr.
Reserves	₹ 2,712 Cr.
EPS	₹ 9.34
EPS last year	₹ 9.34
Pledged percentage	0.00 %
FCF Prev Ann	₹ 865 Cr.
EVEBITDA	84.6
Industry PE	58.0
PEG Ratio	3.62
Piotroski score	5.00
Earnings yield	1.09 %
Sales growth 5 Years	0.12 %

CG Power Quarterly Results

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	1,485	1,643	1,696	1,752	1,903	1,874	2,002	1,979	2,192
Expenses	1,319	1,456	1,437	1,475	1,627	1,609	1,693	1,718	1,908
Operating Profit	166	186	260	277	275	265	309	261	284
OPM %	11%	11%	15%	16%	14%	14%	15%	13%	13%
Other Income	12	16	11	60	199	29	43	579	42
Interest	17	5	5	4	2	1	0	1	1
Depreciation	23	24	25	23	25	24	23	24	24
Profit before tax	139	173	241	310	447	270	329	816	301
Tax %	20%	25%	26%	26%	5%	24%	26%	8%	22%
Net Profit	112	130	179	228	426	204	242	748	234
EPS (₹)	0.77	0.85	1.17	1.49	2.79	1.33	1.59	4.89	1.53

CAGR Report

	10 Years	5 Years	3 Years	TTM/1 Year
Compounded Sales Growth	-5%	0%	40%	15%
Compounded Profit Growth	14%	34%	111%	-7%
Stock Price CAGR	28%	89%	105%	83%
Return on Equity	%	%	58%	36%

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CG Power Shareholding Pattern

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoters (%)	34.42	34.42	12.79	0.00	53.24	55.65	58.12	58.11
FIIs (%)	21.17	18.96	10.86	5.76	8.80	13.23	15.39	15.18
DIIs (%)	30.51	30.74	32.13	40.24	7.31	5.28	7.17	10.09
Public (%)	13.90	15.88	44.22	54.00	30.65	25.84	19.32	16.61
No. of Shareholders	1,45,317	1,30,653	1,38,514	1,40,980	1,57,997	1,72,334	1,73,059	2,58,587

CG Power Share Price Target 2024-2030 Forecast

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹539.43	₹648.72	₹714.3
2025	₹729	₹686	₹819
2026	₹835	₹785	₹937
2027	₹956	₹899	₹1073
2028	₹1094	₹1028	₹1227
2029	₹1252	₹1177	₹1405
2030	₹1433	₹1347	₹1608

CG POWER Share Price Target 2025

Month	Target
January	₹729
February	₹744
March	₹759
April	₹734
May	₹710
June	₹686
July	₹713
August	₹742
September	₹772
October	₹787
November	₹803
December	₹819

CG POWER Share Price Target 2026

Month	Target
January	₹835
February	₹852
March	₹869
April	₹840
May	₹812
June	₹785
July	₹816
August	₹849
September	₹883
October	₹901
November	₹919
December	₹937

CG POWER Share Price Target 2027

Month	Target
January	₹956
February	₹975
March	₹995
April	₹962
May	₹930
June	₹899
July	₹935
August	₹972
September	₹1011
October	₹1031
November	₹1052
December	₹1073

CG POWER Share Price Target 2028

Month	Target
January	₹1094
February	₹1116
March	₹1138
April	₹1100
May	₹1063
June	₹1028
July	₹1069
August	₹1112
September	₹1156
October	₹1179
November	₹1203
December	₹1227

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CG POWER Share Price Target 2029

Month	Target
January	₹1252
February	₹1277
March	₹1303
April	₹1260
May	₹1218
June	₹1177
July	₹1224
August	₹1273
September	₹1324
October	₹1350
November	₹1377
December	₹1405

CG POWER Share Price Target 2030

Month	Target
January	₹1433
February	₹1462
March	₹1491
April	₹1441
May	₹1393
June	₹1347
July	₹1401
August	₹1457
September	₹1515
October	₹1545
November	₹1576
December	₹1608

Points Before Investing in CG Power Stock

• The recent announcement by CG Power of a joint venture to establish a facility in Gujarat to manufacture semiconductors costing 7,600 crores has given the CG POWER Stock an additional boost in the market.
• Semiconductor Industry is another peculiarity in India that is drawing in a ton of capital from financial backers everywhere.
• Given the enormous potential of the global semiconductor market, this joint venture between CG Power and Industrial Solutions Ltd., Renesas Electronics Corporation of Japan, and Stars Microelectronics of Thailand will be a significant development.
• The CG POWER NSE stock has been given the “Buy” rating by Angel Broking with a “Share Price Target” of Rs 490-495 per share and a stop loss of Rs 430.
• UBS is expecting CG Power and Modern Arrangement Ltd to perform vigorously on all monetary measurements with an upper hand, worldwide extension prospects and driven initiative.

Final Words

Investors in the CG POWER NSE stock have received a 1000% return on their investment over the course of the stock’s five years of trading on the National Stock Exchange, as evidenced by the share price. On the stock exchange, CG Power trades as the CG POWER, and it is a top performer in its sector on the share market.