Thu, 17 Sept 2026
11:59:19 am
Rudransh Sangwan
Published at: September 17, 2026, 10:24 AM
Synopsis
CG Power shares gained as investors tracked its power equipment expansion, transformer capacity and growing semiconductor business through Axiro.

CG Power and Industrial Solutions shares rose 3.34% to Rs 880 on September 17, extending investor interest in the electrical equipment maker. The stock traded between Rs 856.30 and Rs 883.40 during the session.
The move comes as investors track the company's expansion across power transmission, electrical equipment and semiconductors. CG Power has also recently expanded its transformer manufacturing capacity and is building its semiconductor business through Axiro Semiconductor.
| Metric | Details |
|---|---|
| Share price | Rs 880 |
| Daily gain | 3.34% |
| Day high | Rs 883.40 |
| Day low | Rs 856.30 |
| 52 week high | Rs 980.90 |
| 52 week low | Rs 525.50 |
| Market capitalisation | Rs 1.39 lakh crore |
| P/E | 109 |
| ROCE | 26.7% |
| ROE | 20.5% |
| Dividend yield | 0.15% |
| Factor | Details |
|---|---|
| Power transmission demand | Rising investment in electricity transmission and infrastructure |
| Data centre demand | Growing power requirements from data centres |
| Transformer expansion | New Sehore plant supports high voltage transformer production |
| Semiconductor business | Axiro Semiconductor is expanding CG Power's presence in chips |
| India semiconductor push | Government incentives are supporting domestic semiconductor manufacturing |
| Infrastructure spending | Power equipment demand remains linked to industrial and infrastructure capex |
CG Power recently inaugurated a large power transformer manufacturing facility at Sehore, Madhya Pradesh. The plant can produce transformers from 220 kV to 1,200 kV, with an initial installed capacity of 10,000 MVA and a planned capacity of 45,000 MVA.
| Financial metric | Q1 FY27 | YoY change |
|---|---|---|
| Revenue from operations | Rs 3,280.81 crore | 14.0% |
| Profit before tax | Rs 422.88 crore | 16.3% |
| Net profit | Rs 308.28 crore | 15.2% |
| Operating profit | Rs 397.28 crore | 4.2% |
CG Power's consolidated revenue grew 14% year on year in Q1 FY27, while profit before tax increased 16.3%. Net profit stood at Rs 308.28 crore.
| Area | CG Power's focus |
|---|---|
| Semiconductor subsidiary | Axiro Semiconductor |
| Business focus | Semiconductor manufacturing and technology |
| AI exposure | Investment in energy efficient AI processing |
| Strategic expansion | Building India's semiconductor ecosystem |
| Related investment | EdgeCortix |
Axiro Semiconductor, a wholly owned subsidiary of CG Power, invested in EdgeCortix in April 2026. EdgeCortix develops energy efficient AI processing platforms for generative and agentic AI applications.
| Growth driver | What to track |
|---|---|
| Power transformers | Capacity utilisation and order growth |
| Semiconductor business | Manufacturing progress and commercialisation |
| Data centres | New power infrastructure demand |
| Margins | Operating margin improvement |
| Earnings | Revenue and profit growth |
| Valuation | High P/E relative to earnings growth |
CG Power's power equipment expansion and semiconductor strategy provide multiple growth avenues, but investors will also need to track execution, earnings growth and valuation as the stock remains at a high earnings multiple.
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