GE Vernova T&D India share price
NSE: GVT&DBSE: 522275Electrical EquipmentMid Cap
Formerly GE T&D India
Last close ₹3,700.00down ₹40.00 (1.07%)BSE ₹3,685.00
Share price at the NSE close on 23 Oct 2026. Previous close ₹3,740.00.
52-week range of traded prices to 23 Oct 2026
₹2,523.20Low, 21 Jan 2026₹5,650.00High, 23 Jun 2026
- Next results date: the board meets on 30 Oct 2026 to consider: financial results and other business matters.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹94,737 Cr109th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 5 Aug 2026
- 72.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 18 May 2026
- 35.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.27%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 5 Aug 2026
- 58.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 5 Aug 2026
- 63.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 18 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 15,02,77452.1% delivered
Results
Standalone; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 5 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,836 Crup 12.16%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹363 Crup 3.19%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 19.8%
Revenue by year
Peak revenue ₹6,206 Cr, year to Mar 2026
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 4 of the 10 years shown
| ₹ crore | Sep 2024Filed 8 Nov | Dec 2024Filed 5 Feb | Mar 2025Filed 12 Jun | Jun 2025Filed 29 Jul | Sep 2025Filed 3 Nov | Dec 2025Filed 28 Jan | Mar 2026Filed 18 May | Jun 2026Filed 5 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,108 | 1,074 | 1,153 | 1,330 | 1,538 | 1,701 | 1,637 | 1,836 |
| Net profit | 145 | 143 | 186 | 291 | 299 | 291 | 352 | 363 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 13.1% | 13.3% | 16.2% | 21.9% | 19.5% | 17.1% | 21.5% | 19.8% |
Standalone. The last eight quarters. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment which carries all its revenue.
Valuation
Today, against the company's own history.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 7% of 865 trading days over the last 5 years.
LowestHighest
Its median101.2Industry median31.1
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 82% of 1,969 trading days since Nov 2018.
LowestHighest
Its median4.4Industry median5.4
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.53.1
At or below today's level on 17% of 990 trading days over the last 5 years.
LowestHighest
Its median69.1Industry median23.6
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 63% of 2,480 trading days over the last 10 years.
LowestHighest
Its median0.12%Industry median0.38%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +133.8% | +102.7% | +15.2% | 0.3% |
| 3 years | +212.8% | – | – | 0.3% |
| 5 years | +99.3% | +82.8% | +8.9% | 0.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual funds holding it
342 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 136 of the 203 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 12
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 7
- AddedAdded. Funds that held more shares than at the end of the month before.
- 109
- CutCut. Funds that held fewer shares than at the end of the month before.
- 94
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 117
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 11
| Fund | |||
|---|---|---|---|
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 38,82,119 | 2.45% | ₹1,630.9 Cr |
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 24,00,000 | 2.01% | ₹1,008.2 Cr |
| Nippon India Multi Cap FundNippon India Mutual Fund | 20,22,418 | 1.58% | ₹849.6 Cr |
 Axis Midcap FundAxis Mutual Fund | 19,21,542 | 2.41% | ₹807.2 Cr |
| Nippon India Large Cap FundNippon India Mutual Fund | 18,75,827 | 1.54% | ₹788.0 Cr |
 Motilal Oswal Large and Midcap FundMotilal Oswal Mutual Fund | 14,86,923 | 3.15% | ₹624.7 Cr |
 HSBC Midcap FundHSBC Mutual Fund | 12,37,411 | 3.09% | ₹519.8 Cr |
| Kotak Arbitrage FundKotak Mahindra Mutual Fund | 9,80,750 | 0.55% | ₹412.0 Cr |
 UTI Nifty 200 Momentum 30 Index FundUTI Mutual Fund | 8,19,470 | 4.32% | ₹344.3 Cr |
| Axis Large & Mid Cap FundAxis Mutual Fund | 7,52,002 | 1.92% | ₹315.9 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Heavy Electrical Equipment, 48 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to GE Vernova T&D India in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 ABB IndiaABB | 1,30,112 | 43.5 | 13.9 | 64.5 | – | – | 36.1% | 18.7% | 1.95% |
 CG Power and Industrial SolutionsCGPOWER | 1,28,141 | 102.7 | 16.1 | 77.6 | +21.4% | +25.0% | 21.1% | 17.5% | 0.16% |
 Hitachi Energy IndiaPOWERINDIA | 1,17,225 | 101.9 | 22.6 | 79.0 | +40.2% | +127.7% | 24.5% | 25.4% | 0.03% |
 SiemensSIEMENS | 1,15,568 | 35.3 | 8.4 | 57.5 | −1.7% | +33.7% | 25.0% | 11.7% | 0.55% |
 Siemens Energy IndiaENRIN | 94,489 | 63.5 | 19.6 | 45.1 | – | – | 34.3% | 39.2% | 0.15% |
 Suzlon EnergySUZLON | 51,411 | 16.4 | 5.4 | 16.7 | +45.2% | +50.2% | 40.4% | 27.4% | 0.00% |
 ThermaxTHERMAX | 36,891 | 62.2 | 6.6 | 43.7 | +4.7% | −11.6% | 11.3% | 8.3% | 0.65% |
 Schneider Electric InfrastructureSCHNEIDER | 26,639 | 145.0 | 34.4 | 79.7 | +9.6% | −29.5% | 27.5% | 24.7% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹10.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 21 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹10.00 |
| 22 Aug 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹5.00 |
| 28 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 16 Jul 2019 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.80 |
| 17 Jul 2018 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.80 |
| 17 Jul 2017 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.80 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
23 Oct · Analysts
Sep 2026
23 Sep · Rating
16 Sep · Analysts
GE Vernova T&D India share price by year
Each calendar year to 2025.GE Vernova T&D India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 3,132.50 | +50.9% | 3,171.20 | 1,295.55 |
| 2024 | 2,075.90 | +312.4% | 2,155.75 | 528.50 |
| 2023 | 503.35 | +336.4% | 503.35 | 100.70 |
| 2022 | 115.35 | −13.7% | 139.40 | 82.90 |
| 2021 | 133.65 | +14.0% | 146.55 | 107.55 |
| 2020 | 117.20 | −20.4% | 174.45 | 58.90 |
| 2019 | 147.20 | −49.7% | 321.20 | 140.05 |
| 2018 | 292.65 | −33.9% | 460.50 | 222.70 |
| 2017 | 443.05 | +48.3% | 443.05 | 279.05 |
| 2016 | 298.80 | −37.0% | 471.90 | 287.35 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 3,650.00 | 3,700.00 | 3,533.40 | 3,700.00 | 3,612.91 | 15,02,774 | 52.1% |
| 22 Oct 2026 | 3,750.00 | 3,812.60 | 3,681.50 | 3,740.00 | 3,746.57 | 4,88,627 | 44.2% |
| 21 Oct 2026 | 3,920.00 | 3,925.00 | 3,720.10 | 3,813.80 | 3,779.97 | 7,66,038 | 46.8% |
| 19 Oct 2026 | 3,968.00 | 3,970.50 | 3,915.00 | 3,925.00 | 3,939.82 | 3,90,489 | 58.7% |
| 16 Oct 2026 | 3,970.00 | 3,997.60 | 3,877.10 | 3,959.10 | 3,945.66 | 7,16,897 | 47.8% |
| 15 Oct 2026 | 4,104.10 | 4,105.80 | 3,933.00 | 3,949.00 | 3,996.94 | 12,87,340 | 51.2% |
| 14 Oct 2026 | 4,191.00 | 4,240.30 | 4,145.00 | 4,190.00 | 4,194.19 | 4,37,727 | 55.1% |
| 13 Oct 2026 | 4,192.80 | 4,211.00 | 4,066.00 | 4,191.20 | 4,121.43 | 10,96,658 | 50.1% |
| 12 Oct 2026 | 4,248.00 | 4,309.70 | 4,222.60 | 4,254.00 | 4,259.54 | 2,13,022 | 42.5% |
| 9 Oct 2026 | 4,201.00 | 4,252.20 | 4,101.40 | 4,194.40 | 4,200.79 | 5,83,166 | 52.1% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 14 Dec 2011 | Demerger | 0.9077 | Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested. |
| 22 Oct 2008 | Split | 0.2000 | Each share became 5. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
About GE Vernova T&D India
GE Vernova T&D India Limited makes equipment and systems that move electricity from power stations onto the grid and on to users. Its customers are in the power generation, transmission and distribution sectors. Its products include power transformers, circuit breakers, gas-insulated switchgear (compact switching equipment sealed in gas), instrument transformers and substation automation. It also supplies digital software solutions. The range covers medium voltage to ultra-high voltage solutions up to 1200 kV.
The business is organised into four core capabilities: Grid System Integration, Power Transmission, Grid Automation and Digital Solutions. It has delivered more than 100 smart grid control centre projects, which are the software and hardware that let utilities monitor and run their networks.
The company operates five facilities in India. They are at Vadodara in Gujarat, Hosur, Padappai and Pallavaram in Tamil Nadu, and Noida in Uttar Pradesh. The Vadodara site designs, makes and tests 765 kV class transformers. The Hosur site produces both air-insulated and gas-insulated switchgear, the equipment that switches and protects power circuits. Its equipment is exported to more than 60 countries.
The company was incorporated in 1957. It is the listed entity of GE Vernova's Electrification segment in India. GE Vernova Inc. is an energy company headquartered in Cambridge, Massachusetts, with about 85,000 employees in 97 countries. The Indian company's promoter is Grid Equipments Private Limited. A promoter is the person or group that set up a company or controls it.
- Legal name
- GE Vernova T&D India Limited
- NSE symbol
- GVT&D
- BSE code
- 522275
- ISIN
- INE200A01026
- Industry
- Electrical Equipment
- Face value
- ₹2
- Former symbols
- GET&D, ALSTOMT&D, AREVAT&D, AREVA, GECALSTHOM
- CIN
- L31102DL1957PLC193993
- Corporate identity number, the registrar of companies' code for it
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