ALFA Finder| Management target | Revenue 30.0% FY27 |
|---|
| Revenue growth | Q2 +9.78%; H1 +12.96% YoY consolidated |
|---|---|
| Margins | Q2 EBITDA margin 12.34% vs 9.36% YoY |
| Order book | ₹320 Cr+ as of Sep 30, 2026 |
| Demand visibility | ₹500+ Cr bid pipeline; 12-15 month execution |
| Management confidence | CMD upbeat on FY27 30% growth outlook |
Growth
Q2 revenue +9.78%, EBITDA +44.76%, PAT +31.91% YoY; H1 revenue +12.96%, PAT +26.36%.
Outlook
Guides FY27 revenue growth of 30% with margin expansion; ₹500+ Cr bid pipeline; 400 kV EHV entry.
Risks
Standalone Q2 revenue up only 2.55%; Q2 finance cost ₹1.80 Cr vs ₹0.80 Cr; cash fell to ₹1.11 Cr.
Last quarter's promises, checked
Delivered
- Stable ~7% PAT margin → Q2 8.06% (= BEAT)
- ₹500 Cr bid pipeline → ₹500+ Cr (= BEAT)
Partly delivered
- 12–14% EBITDA margin → Q2 12.34% (= PARTIAL)
- Accrual-funded, project-only debt → ST borrowings ₹31.21 Cr vs ₹20.66 Cr; Q2 finance cost ₹1.80 Cr vs ₹0.80 Cr (= PARTIAL)
Missed
- 30–35% YoY growth → H1 FY27 revenue +12.96% (= MISS)
- ₹450 Cr order book (Feb-26) → ₹320 Cr+ (Sep-26) (= MISS)
Investor Presentation filed with BSE, NSE: PIGL. Summary written with AI assistance from the document.
Power and Instrumentation (Gujarat) Ltd: key numbers
- Share price
- ₹91.54
- Market cap
- ₹193.8 Cr
- Revenue (annual)
- ₹218.8 Cr
- Net profit (annual)
- ₹14.19 Cr
- P/E (TTM)
- 13.3×Sector 33.4×
- Promoter holding
- 50.69%+0.00% QoQ
- FII holding
- 0.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Power and Instrumentation (Gujarat) Ltd
All →Power and Instrumentation (Gujarat) Q2 FY27 Results: Net Profit ₹6.2 Cr, Up 31.9% YoY
Power and Instrumentation (Gujarat) approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026. Quarter revenue from operations was Rs.6,960.25 lakh, and quarter net profit Rs.550.08 lakh.
- Key figure
- Net profit ₹6.2 Cr · +31.9% YoY
Power and Instrumentation (Gujarat) Board Meeting Date
Power and Instrumentation (Gujarat) will hold a board meeting on November 7, 2026 to consider quarterly and half-year results. The trading window reopens 48 hours after results.
Power and Instrumentation (Gujarat) Other Announcement
The company has filed its quarterly shareholding pattern for the period ended September 30, 2026. This disclosure provides a breakdown of promoter and public shareholding.
Power and Instrumentation (Gujarat) Annual General Meeting
Power and Instrumentation (Gujarat) Ltd. held its 42nd Annual General Meeting on September 25, 2026, where shareholders transacted routine business as per the meeting agenda.
Power and Instrumentation (Gujarat) Bags ₹6.06 Cr Order from Mahesh Solar Solution Private Limited
Power and Instrumentation (Gujarat) Ltd received a ₹6.06 Crore work order from Mahesh Solar Solution Private Limited for supplying panels for the KUSUM-C project.
- Value
- ₹6.06 Cr
- From
- Mahesh Solar Solution Private Limited
- Execution
- 5-6 weeks from date of drawing approval
Power and Instrumentation (Gujarat) Other Announcement
The company has filed its quarterly shareholding pattern under Regulation 31(1)(b) of the SEBI Listing Regulations, detailing the distribution of equity among shareholders.