Power & Instrumentation (Gujarat) Limited

NSE: PIGL · Other Electrical Equipment

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52W Range₹88 – ₹174

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Snapshot

Unlock Power & Instrumentation (Gujarat) Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Power & Instrumentation (Gujarat) Ltd is an electrical engineering company established in 1975 that provides comprehensive EPC solutions. The firm specialises in electrical installations, maintenance, and repair services, alongside the distribution of power equipment such as generators and transformers.

Business Model

The company generates revenue through electrical contracting projects, field services, and the sale of energy-efficient power equipment. It operates as a domain specialist providing end-to-end solutions ranging from design and installation to ongoing maintenance.

Growth Outlook

Growth is driven by the increasing demand for electrical infrastructure and energy-efficient power distribution solutions in the industrial and commercial sectors. The company continues to leverage its long-standing market presence to secure maintenance and EPC contracts.

Key Risks

  • Project Execution Risk. Delays in large-scale electrical contracting projects can lead to cost overruns and impact profitability.
  • Raw Material Price Volatility. Fluctuations in the cost of copper, steel, and other electrical components can compress margins on fixed-price contracts.
  • Competitive Intensity. The electrical equipment and EPC sector is highly fragmented, leading to significant pricing pressure from both organised and unorganised players.
  • Regulatory and Safety Compliance. Failure to adhere to stringent electrical safety standards and government regulations could result in legal liabilities and reputational damage.

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Key Metrics

REVENUE

₹219 Cr

TTM · consolidated

+29.6%YoY

NET PROFIT

₹15 Cr

TTM · consolidated

+26.1%YoY

EPS

₹7.30

TTM · consolidated

-3.9%YoY

RETURN ON EQUITY

12.2%

TTM · consolidated

-5.6 ppYoY

RETURN ON CAPITAL EMPLOYED

18.1%

TTM · consolidated

-9.2 ppYoY

P/E

12.9x

Q4 FY26 · consolidated

12.9 vs 12.9x5Y avg

EV/EBITDA

8.9x

Q4 FY26 · consolidated

8.9 vs 13.9x5Y avg

EBITDA MARGIN

11.2%

TTM · consolidated

-0.4 ppYoY

NET PROFIT MARGIN

6.7%

Q4 FY26 · consolidated

+1.6 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

-0.08xYoY

Peers · Other Electrical Equipment

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Power & Instrumentation (Gujarat) LimitedPIGL
₹210 Cr12.868.9129.6%11.2%12.2%18.1%-44.4%
Urja GlobalURJA
₹476 Cr861.00196.76—4.0%0.8%1.0%-34.9%
Artemis Electricals and Projects LimitedAEPL
₹414 Cr45.1230.65-3.3%17.0%9.6%13.0%-38.6%
S&S Power Switchgears LimitedS&SPOWER
₹393 Cr44.9037.2832.1%4.0%10.2%6.2%-24.7%
RMC SwitchgearsRMC
₹235 Cr———12.0%——-71.9%
Magnus Steel and Infra LimitedMAGNUS
₹11 Cr24.1019.37—12.6%-31.0%209.7%+105.5%

As of Q4 FY26

Financials