This mid-cap transformer stock, engaged in engineering, manufacturing, project management, and supply of advanced products and solutions engaged in power transmission and distribution infrastructure, is in focus after the stock has delivered multi-bagger returns of 3,310.60 percent to the shareholders in just 5 years.
Stock Movement
With a market capitalization of Rs. 70,921.05 crore, the shares of GE Vernova T&D India Limited closed at Rs. 2,769.85 per equity share, up nearly 1.24 percent from its previous day’s close price of Rs. 2,735.90.
Over the past year, the stock has provided positive returns of more than 68.92 percent. The stock is currently trading at a discount of 6.42 percent from its 52-week high of Rs. 2,960.
On August 22, 2025, the shares of GE Vernova T&D India Limited traded at Rs. 2,769.85, showing a gain of around 3,310.60 percent compared to the price of Rs. 81.10 on October 30, 2020. For example, if someone had invested Rs. 1 lakh in the company’s stock 5 years ago, it would have turned into around Rs. 34.11 lakh.
Company Overview
GE Vernova T&D India Limited (formerly known as GE T&D India Limited) was established in 1957 and is headquartered in New Delhi. The company is a leading player in the power transmission and distribution business in India, with over 100 years of presence in the country.
The company is the listed entity of GE Vernova’s Grid Solutions business in India. It provides a wide and robust range of solutions for connecting and evacuating power from generation sources onto the grid, catering to utilities to meet increasing demand quickly.
GE Vernova T&D India Limited provides a wide array of products, including medium to ultra-high voltage equipment (up to 1200 kV), power transformers, circuit breakers, gas-insulated switchgear (GIS), instrument transformers, and substation automation equipment. The company also offers digital software solutions, turnkey substation solutions, FACTS, HVDC systems, and maintenance support services.
Order Book
GE Vernova T&D India Limited clinched new orders valued at Rs. 16.2 billion in Q1 FY26, marking a 57 percent increase compared to the same period last year and approximately 1.25 times its quarterly revenue. The majority of these orders (86 percent) originated domestically in India, with the remaining 14 percent attributed to exports.
As of June 2025, the company’s order backlog reached Rs. 129.6 billion, reflecting a 2 percent rise from Rs. 126.6 billion in March 2025. This robust backlog ensures revenue visibility for nearly the next three years.
Capital Expenditure Plans
GE Vernova T&D India Limited has unveiled a capital expenditure plan of Rs. 2.5 billion, with Rs. 1.4 billion designated for HVDC/STATCOM valves and controls, and Rs. 1.1 billion allocated for debottlenecking to boost operational efficiency.
Export Performance
GE Vernova T&D India Limited recorded exports accounting for approximately 40 percent of its Q1 FY26 revenues, reflecting a remarkable 80 percent year-on-year growth.
The export backlog now constitutes about 30 percent of the total order book, an increase from the previous 20–25 percent, with management anticipating the long-term export revenue share to stabilize at around 30 percent.
Financial Highlights
GE Vernova T&D India Limited’s consolidated revenue from operations rose by 38.83 percent year-on-year, climbing from Rs. 958 crore in Q1 FY25 to Rs. 1,330 crore in Q1 FY26, and grew by 15.35 percent quarter-on-quarter from Rs. 1,153 crore in Q4 FY25.
In Q1 FY26, the company’s consolidated net profit surged by 115.56 percent year-on-year, reaching Rs. 291 crore compared to Rs. 135 crore in the same period last year. Additionally, it increased by 56.45 percent quarter-on-quarter from Rs. 186 crore in Q4 FY25.
GE Vernova T&D India Limited’s revenue and net profit have grown at a CAGR of 5.6 percent and 78.42 percent, respectively, over the last four years. In terms of return ratios, the company’s ROCE and ROE stand at 54.7 percent and 40.4 percent, respectively. GE Vernova T&D India Limited has an earnings per share (EPS) of Rs. 23.76, and its debt-to-equity ratio is 0.02x.
Written By Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post ₹81 to ₹2,770: Multibagger Transformer stock turns ₹1 Lakh to ₹34 Lakhs in just 5 years appeared first on Trade Brains.