| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 48.9 | 41.3 | +18.4% |
| EBITDA | 5.0 | 4.0 | +24.5% |
| EBITDA margin | 10.3% | 9.8% | +0.5 pts |
| Profit before tax | 3.9 | 3.5 | +11.2% |
| Net profit | 3.0 | 2.6 | +16.4% |
| EPS | ₹1.44 | ₹1.50 | −4.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 |
|---|
| 18.7 | — | — | — | — | |
| 3.8 | 3.8 | 0.3 | 0.4 | 0.2 | |
| 14.7 | 14.7 | 0.0 | 0.0 | 0.0 | |
| 12.7 | 12.7 | 18.1 | 14.3 | 31.5 | |
| 42.4 | — | — | — | — | |
| 226 | 219 | 169 | 101 | 94.3 | |
| — | +29.6% | +67.8% | +6.8% | — | |
| 24.0 | 23.0 | 17.2 | 11.0 | 7.5 | |
| 10.6% | 10.5% | 10.2% | 10.9% | 8.0% | |
| 23.1 | 22.4 | 16.9 | 10.7 | 7.3 | |
| 15.3 | 14.8 | 11.8 | 5.9 | 3.6 | |
| 6.7% | 6.8% | 7.0% | 5.9% | 3.9% | |
| ₹69.92 | ₹68.12 | ₹55.57 | ₹27.86 | ₹17.19 | |
| — | +22.6% | +99.4% | +62.1% | — | |
| — | −5.0 | −39.9 | 8.5 | 1.3 | |
| — | −1.1 | −0.3 | −0.1 | 0.0 | |
| −6.1 | −6.1 | −40.2 | 8.4 | 1.3 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 18.7 | |
| - Cash, Equiv & ST Investments | 0.2 | 0.4 | 0.3 | 3.8 | 3.8 | |
| + Minority Interest | 0.0 | 0.0 | 0.0 | 14.7 | 14.7 | |
| + Total Debt | 31.5 | 14.3 | 18.1 | 12.7 | 12.7 | |
| Enterprise Value | — | — | — | — | 42.4 | |
| Revenue | 94.3 | 100.6 | 168.8 | 218.8 | 226.4 | |
| Growth %, YoY | — | +6.8 | +67.8 | +29.6 | — | |
| EBITDA | 7.5 | 11.0 | 17.2 | 23.0 | 24.0 | |
| Margin % | 8.00 | 10.90 | 10.16 | 10.50 | 10.59 | |
| EBIT | 7.3 | 10.7 | 16.9 | 22.4 | 23.1 | |
| Net Income | 3.6 | 5.9 | 11.8 | 14.8 | 15.3 | |
| Margin % | 3.86 | 5.86 | 6.97 | 6.78 | 6.74 | |
| EPS, Adj (current shares) | 17.19 | 27.86 | 55.57 | 68.12 | 69.92 | |
| Growth %, YoY | — | +62.1 | +99.4 | +22.6 | — | |
| Cash from Operations | 1.3 | 8.5 | -39.9 | -5.0 | — | |
| Capital Expenditures | -0.0 | -0.1 | -0.3 | -1.1 | — | |
| Free Cash Flow | 1.3 | 8.4 | -40.2 | -6.1 | -6.1 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Power & Instrumentation (Gujarat) (NSE: PIGL) had a market capitalisation of ₹184 crore at the 30 October 2026 close (₹91.61 a share), a PE ratio of 12.4 on the last four quarters' profit and a price-to-book ratio of 1.20. In FY26 its consolidated net profit was ₹14.4 crore on revenue of ₹219 crore; in Q1 FY27 (April–June 2026) it was ₹2.9 crore, up 10.3% year on year. Its debt-to-equity ratio was 0.08 on 31 March 2026. Promoters held 50.69% of the shares on 30 September 2026.
Power & Instrumentation (Gujarat)'s PE ratio is 12.4 at the 30 October 2026 close (₹91.61 a share): a market capitalisation of ₹184 crore divided by consolidated net profit of ₹14.8 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹14.4 crore) it is 12.7.
Power & Instrumentation (Gujarat)'s price-to-book (PB) ratio is 1.20 at the 30 October 2026 close: a market capitalisation of ₹184 crore divided by shareholders' equity (book value) of ₹153 crore on 31 March 2026. That is a book value of ₹76.12 per share against a share price of ₹91.61.
Power & Instrumentation (Gujarat)'s net worth — shareholders' equity in its consolidated balance sheet — was ₹153 crore on 31 March 2026, up 38.0% from ₹111 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹184 crore at the 30 October 2026 close.
Power & Instrumentation (Gujarat)'s market capitalisation was ₹184 crore at the 30 October 2026 close: 2.01 crore shares at ₹91.61 each.
Power & Instrumentation (Gujarat)'s debt-to-equity ratio was 0.08 on 31 March 2026: borrowings of ₹12.7 crore against total equity of ₹167 crore. A year earlier, on 31 March 2025, it was 0.16.
Power & Instrumentation (Gujarat)'s book value per share was ₹76.12 on 31 March 2026: shareholders' equity of ₹153 crore divided by the 2.01 crore shares in issue. The share price at the 30 October 2026 close was ₹91.61.
No. Power & Instrumentation (Gujarat) had borrowings of ₹12.7 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.08. Its cash and current investments were ₹3.8 crore, so its net debt was ₹8.9 crore.
Promoters held 50.69% of Power & Instrumentation (Gujarat) on 30 September 2026, unchanged from the previous quarter and up 4.60 percentage points from 46.09% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Power & Instrumentation (Gujarat)'s shares were held by promoters 50.69%, foreign portfolio investors (FII/FPI) 0.01%, domestic institutions (DII) 1.13% and retail and other non-institutional investors 48.17%.
In FY26, Power & Instrumentation (Gujarat)'s return on equity (ROE) was 11.0% and its return on capital employed (ROCE) was 15.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 14.5% and ROCE 19.7%.
In FY26, Power & Instrumentation (Gujarat) generated ₹5 crore of cash from operations and spent ₹1.1 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹6.1 crore. In FY25 it was −₹40.2 crore.
At the 30 October 2026 closing prices, on FY26 net profit, Power & Instrumentation (Gujarat)'s PE ratio is 12.7, the third highest of the four: RMC Switchgears 8.6, Artemis Electricals and Projects 41.3 and S&S Power Switchgears 32.9, a peer average of 27.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
Power & Instrumentation (Gujarat)'s basic earnings per share (EPS) were ₹4.54 in FY26.
Power & Instrumentation (Gujarat)'s latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹2.9 crore, up 10.3% from ₹2.6 crore in Q1 FY26; revenue from operations ₹48.9 crore, up 18.4% year on year.
Power & Instrumentation (Gujarat) has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
In FY26 (April 2025–March 2026), Power & Instrumentation (Gujarat)'s consolidated net profit was ₹14.4 crore, up 22.6% from ₹11.8 crore in FY25, on revenue from operations of ₹219 crore (up 29.6%). Over three years, from FY23, net profit was up 296.4%.
On FY26 consolidated figures, against RMC Switchgears, Artemis Electricals and Projects and S&S Power Switchgears: Power & Instrumentation (Gujarat)'s operating margin of 10.2% is the third highest of the four (RMC Switchgears 10.6%, Artemis Electricals and Projects 14.0%, S&S Power Switchgears 2.8%; peer average 9.1%); its return on equity of 11.0% is the third highest of the four (RMC Switchgears 17.1%, Artemis Electricals and Projects 9.2%, S&S Power Switchgears 12.8%; peer average 13.0%).
In FY26, Power & Instrumentation (Gujarat) earned net profit of ₹14.4 crore on revenue of ₹219 crore, against ₹22.3 crore on ₹402 crore for RMC Switchgears. Power & Instrumentation (Gujarat)'s operating margin was 10.2% (RMC Switchgears 10.6%) and its return on equity 11.0% (RMC Switchgears 17.1%). At the 30 October 2026 close, Power & Instrumentation (Gujarat)'s market capitalisation was ₹184 crore against ₹192 crore for RMC Switchgears, and its PE ratio on FY26 profit 12.7 against 8.6.
From Power & Instrumentation (Gujarat)'s own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.