CG Power Share Price: 28.4% CAGR in 3 Years as the Electrical Equipment Maker Compares With ABB India and Polycab
- November 13, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
CG Power Share Price: 28.4% CAGR in 3 Years as the Electrical Equipment Maker Compares With ABB India and Polycab
CG Power previous close Rs 821.75. 3-year CAGR 28.4%. Up 2.1x since 10 Nov 2023. ROE 15.74%. Market cap Rs 1,29,190 crore.
Quick Answer
The CG Power share price closed at Rs 821.75 on 12 November 2026, a compounded annual return of 28.4% over three years. That compares with ABB India at 17.8% and Polycab India at 16.3%. The company has a market cap of Rs 1,29,190 crore and a P/E of 94.69 against an industry P/E of 43.20.
The CG Power share price has delivered a strong return over three years, and the stock carries the highest P/E among the three electrical companies compared here. CG Power and Industrial Solutions, part of the Murugappa Group, makes transformers, motors, drives and railway signalling equipment.
This article compares that run with ABB India and Polycab India. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.
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How Much Has the CG Power Share Price Returned in 3 Years?
The CG Power stock closed at Rs 388.55 on 10 November 2023 and at Rs 821.75 on 12 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.11 lakh, which is a CAGR of 28.4%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as CG Power can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The CG Power share price has also followed the pickup in spending on power transmission, railways and factories, which feeds demand for its heavy electrical products.
CG Power vs ABB India and Polycab India: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 12 November 2026.
| Company | Close on 10 Nov 2023 | Previous close (12 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| CG Power and Industrial Solutions | Rs 388.55 | Rs 821.75 | 2.1x | 28.4% |
| ABB India | Rs 4,239.30 | Rs 6,923.00 | 1.6x | 17.8% |
| Polycab India | Rs 5,133.30 | Rs 8,080.50 | 1.6x | 16.3% |
The CG Power stock leads the group at 28.4%, followed by ABB India at 17.8% and Polycab India at 16.3%. CG Power leads the group, followed by ABB India and then Polycab. ABB India is the largest of the three by market cap, while CG Power sits in the middle on size.
Look at the CG Power share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| ABB India | Rs 1,47,276 crore | 49.29 | 43.20 | 16.50% | 0.02 |
| CG Power and Industrial Solutions | Rs 1,29,190 crore | 94.69 | 43.20 | 15.74% | 0.02 |
| Polycab India | Rs 1,21,507 crore | 37.94 | 36.99 | 24.10% | 0.02 |
By market cap, ABB India is the largest of the group at Rs 1,47,276 crore, while the CG Power stock stands at Rs 1,29,190 crore, about 88% of that size. On earnings, CG Power shares trade at a P/E of 94.69 against an industry P/E of 43.20, a premium of about 119%, which signals that the market expects faster earnings growth. Peer multiples are ABB India at 49.29 and Polycab India at 37.94.
Return on equity is 15.74% for the CG Power stock, which ranks third among the three, and debt to equity stands at 0.02. Trailing EPS is Rs 8.66. Electrical equipment makers are valued on order books and growth, so a high P/E should be read together with return on equity and the pace at which orders turn into revenue.
What Is Driving the CG Power Stock?
CG Power sells power systems such as transformers and switchgear to utilities and industry, and industrial systems such as motors and drives to factories. It also supplies railway signalling and has plans in semiconductor assembly and testing.
The company is part of the Murugappa Group and carries almost no debt, with a debt to equity of 0.02. Capacity expansion has been funded largely from its own cash flow.
Followers of the CG Power share price usually track order inflows, margins, capacity additions and progress in new businesses.
How the Established Players Stack Up
ABB India is a Bengaluru-based maker of electrification, motion and automation products for industry and infrastructure. It compounded at 17.8% a year, on a market cap of Rs 1,47,276 crore and an ROE of 16.50%.
Polycab India is a Mumbai-based maker of cables and wires with an additional business in electrical goods. It compounded at 16.3% a year, on a market cap of Rs 1,21,507 crore and an ROE of 24.10%.
What Should Investors Track Next?
Three things are worth watching on the CG Power share price. First, order inflows from utilities and railways. Second, margins as the mix changes. Third, progress in new businesses such as semiconductor assembly.
At a P/E of 95, the stock trades well above the industry P/E of 43, and its ROE is 15.74%. A high multiple leaves less room for disappointment, so follow quarterly numbers closely.
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How to Compare Capital Goods Stocks Yourself
You can repeat this exercise for any pair of stocks, including the CG Power stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the CG Power share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the CG Power share price and compare capital goods stocks live.
The Fastest Compounder in Its Group at the Highest P/E
The CG Power share price compounded at 28.4% a year over three years, ahead of ABB India at 17.8% and Polycab at 16.3%. Its debt to equity of 0.02 is almost nil, and its P/E of 94.69 is the highest of the three.
Polycab brings the highest ROE at a lower multiple, while ABB India brings the largest market cap. The choice depends on whether you prefer faster growth or a lower multiple.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the CG Power share price today?
Ans. CG Power and Industrial Solutions closed at Rs 821.75 on 12 November 2026, according to NSE data. It has a market cap of Rs 1,29,190 crore and a P/E of 94.69. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the CG Power stock?
Ans. CG Power and Industrial Solutions delivered a price CAGR of 28.4% over three years, moving from Rs 388.55 on 10 November 2023 to Rs 821.75 on 12 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is CG Power better than ABB India?
Ans. CG Power delivered a higher three-year CAGR at 28.4% than ABB India at 17.8%. ABB India is larger by market cap at Rs 1,47,276 crore against Rs 1,29,190 crore and has a slightly higher ROE at 16.50% against 15.74%, while CG Power trades at a higher P/E of 94.69 against 49.29. The better choice depends on your view of each business.
What does CG Power and Industrial Solutions do?
Ans. CG Power and Industrial Solutions is a Mumbai-based company in the Murugappa Group that makes transformers, motors, drives and railway signalling equipment.
Is the CG Power stock debt free?
Ans. The debt to equity ratio of the CG Power stock is 0.02 and its return on equity is 15.74%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is CG Power expensive compared with the industry?
Ans. CG Power trades at a P/E of 94.69 against an industry P/E of 43.20. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which capital goods stock gave the highest return in 3 years?
Ans. Among the companies compared here, CG Power and Industrial Solutions delivered the highest three-year CAGR at 28.4%, followed by ABB India at 17.8%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
