{"id":241494,"date":"2026-09-10T15:14:52","date_gmt":"2026-09-10T09:44:52","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=241494"},"modified":"2026-09-10T15:14:52","modified_gmt":"2026-09-10T09:44:52","slug":"multibagger-electrical-equipment-stock-rises-640-percent-in-5-years","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/","title":{"rendered":"This Multibagger Electrical Equipment Stock Rises 640% in 5 Years: From Turnaround to Transformer Boom"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>CMP approximately Rs 915 (10 Sep 2026). 5-year return 639.81%. 52W range Rs 525.50 to Rs 980.90. Market cap Rs 1,46,044 Cr. Order backlog Rs 18,965 Cr.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">CG Power and Industrial Solutions is the multibagger electrical equipment stock behind a five-year return of approximately 640%. The share rose from about Rs 124 to around Rs 915 on a Murugappa-led turnaround, revenue growth to Rs 12,662 crore and a boom in transformer and switchgear demand. The 1-year return is a more modest 23.57%, and a PE near 118 leaves little room for disappointment.<\/p>\n<\/div>\n<p>This multibagger electrical equipment stock has turned Rs 1 lakh into roughly Rs 7.4 lakh over the past five years. A 5-year return of 639.81% ranks it 13th in a screen of 101 large-cap and mid-cap NSE shares, as of 10 September 2026.<\/p>\n<p>The company is <a href='https:\/\/univest.in\/stocks\/cgpower\/cg-power-and-industrial-solutions-ltd-share-price-today'>CG Power and Industrial Solutions Ltd<\/a> (NSE: CGPOWER), the Murugappa Group business that makes transformers, switchgear, motors, railway equipment and, more recently, semiconductors. The CG Power share price traded near Rs 915 on Thursday afternoon, down about 1.3% from the previous close of Rs 926.95, giving the company a market value of approximately Rs 1,46,044 crore.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#How_Much_Has_This_Multibagger_Electrical_Equipment_Stock_Returned\" title=\"How Much Has This Multibagger Electrical Equipment Stock Returned?\">How Much Has This Multibagger Electrical Equipment Stock Returned?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#Why_Did_the_CG_Power_Share_Price_Rise_Over_Five_Years\" title=\"Why Did the CG Power Share Price Rise Over Five Years?\">Why Did the CG Power Share Price Rise Over Five Years?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#The_Murugappa_Turnaround\" title=\"The Murugappa Turnaround\">The Murugappa Turnaround<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#Five_Years_of_Earnings_Growth\" title=\"Five Years of Earnings Growth\">Five Years of Earnings Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#A_Power_Transmission_Boom\" title=\"A Power Transmission Boom\">A Power Transmission Boom<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#The_Semiconductor_Bet\" title=\"The Semiconductor Bet\">The Semiconductor Bet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#Export_Orders_and_the_2026_Recovery\" title=\"Export Orders and the 2026 Recovery\">Export Orders and the 2026 Recovery<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#How_Strong_Are_the_Financials_Behind_This_Multibagger_Electrical_Equipment_Stock\" title=\"How Strong Are the Financials Behind This Multibagger Electrical Equipment Stock?\">How Strong Are the Financials Behind This Multibagger Electrical Equipment Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#Who_Owns_the_CG_Power_Share\" title=\"Who Owns the CG Power Share?\">Who Owns the CG Power Share?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#What_Are_the_Risks_for_This_Multibagger_Electrical_Equipment_Stock\" title=\"What Are the Risks for This Multibagger Electrical Equipment Stock?\">What Are the Risks for This Multibagger Electrical Equipment Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#CG_Power_Share_Analyst_View\" title=\"CG Power Share: Analyst View\">CG Power Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#CG_Power_Share_Price_Target\" title=\"CG Power Share Price Target\">CG Power Share Price Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#Which_multibagger_electrical_equipment_stock_rose_640_in_5_years\" title=\"Which multibagger electrical equipment stock rose 640% in 5 years?\">Which multibagger electrical equipment stock rose 640% in 5 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#Why_did_the_CG_Power_share_price_rise_so_much_in_five_years\" title=\"Why did the CG Power share price rise so much in five years?\">Why did the CG Power share price rise so much in five years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#What_is_the_CG_Power_share_price_today\" title=\"What is the CG Power share price today?\">What is the CG Power share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#What_is_the_CG_Power_share_price_target\" title=\"What is the CG Power share price target?\">What is the CG Power share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#How_has_CG_Power_performed_over_one_year\" title=\"How has CG Power performed over one year?\">How has CG Power performed over one year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#Did_CG_Power_have_a_stock_split_or_bonus_in_the_last_five_years\" title=\"Did CG Power have a stock split or bonus in the last five years?\">Did CG Power have a stock split or bonus in the last five years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#What_is_CG_Powers_order_book\" title=\"What is CG Power&#8217;s order book?\">What is CG Power&#8217;s order book?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years\/#What_are_the_main_risks_for_CG_Power\" title=\"What are the main risks for CG Power?\">What are the main risks for CG Power?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_This_Multibagger_Electrical_Equipment_Stock_Returned\"><\/span><strong>How Much Has This Multibagger Electrical Equipment Stock Returned?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The short answer is 639.81% in five years. In September 2021 this multibagger electrical equipment stock traded around Rs 124. Today it sits near Rs 915, after touching a 52-week high of Rs 980.90 in early July 2026.<\/p>\n<p>The shorter windows are far less dramatic. This multibagger electrical equipment stock is up 106.78% over three years, 35.87% over six months and only 23.57% over one year. That 1-year figure ranks 57th out of 101, which shows most of the wealth creation in this multibagger electrical equipment stock happened before 2025.<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Return<\/th>\n<th>Rank (out of 101)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1 Month<\/td>\n<td>3.79%<\/td>\n<td>52<\/td>\n<\/tr>\n<tr>\n<td>6 Months<\/td>\n<td>35.87%<\/td>\n<td>45<\/td>\n<\/tr>\n<tr>\n<td>1 Year<\/td>\n<td>23.57%<\/td>\n<td>57<\/td>\n<\/tr>\n<tr>\n<td>3 Years<\/td>\n<td>106.78%<\/td>\n<td>40<\/td>\n<\/tr>\n<tr>\n<td>5 Years<\/td>\n<td>639.81%<\/td>\n<td>13<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The past year was a round trip. The multibagger electrical equipment stock slid from around Rs 790 in September 2025 to a 52-week low of Rs 525.50 in late January 2026, a fall of roughly one third. It then rallied about 87% to its July peak before settling near current levels.<\/p>\n<p>There was no stock split or bonus issue in the five-year window. The face value has stayed at Rs 2 throughout, so the 640% gain in this multibagger electrical equipment stock reflects genuine price appreciation. The company did raise Rs 3,000 crore through a qualified institutional placement in July 2025, which added shares but does not distort the price return.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_the_CG_Power_Share_Price_Rise_Over_Five_Years\"><\/span><strong>Why Did the CG Power Share Price Rise Over Five Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Five forces explain the rally in this multibagger electrical equipment stock: a governance and balance sheet turnaround, steady growth in sales and profit, a boom in power transmission equipment, an entry into semiconductors and, most recently, large export orders. The early years were about repair. The later years were about growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Murugappa_Turnaround\"><\/span><strong>The Murugappa Turnaround<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In 2019 the company was in crisis after nearly Rs 3,000 crore was found to have been diverted under its former promoters. In 2020 Tube Investments of India, a Murugappa Group company, invested about Rs 700 crore for a controlling stake of approximately 56%.<\/p>\n<p>The new management repaid lenders, cleaned up the balance sheet and refocused on core products. Debt to equity fell from 2.01 in FY22 to 0.14 in FY23 and has stayed near 0.01 since. Much of the early rerating of this multibagger electrical equipment stock came from investors rewarding that cleanup.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Five_Years_of_Earnings_Growth\"><\/span><strong>Five Years of Earnings Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For this multibagger electrical equipment stock, revenue climbed from Rs 5,521 crore in FY22 to Rs 12,662 crore in FY26, a rise of about 2.3 times. Net profit grew from Rs 630 crore to Rs 1,197 crore over the same period, while operating margins improved from 12.5% to around 15%.<\/p>\n<p>That consistency matters. A multibagger electrical equipment stock rarely sustains a five-year run on hope alone, and this one had a rising profit line underneath the price for almost every year of the rally.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"A_Power_Transmission_Boom\"><\/span><strong>A Power Transmission Boom<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>India&#8217;s spending on grids, renewable energy integration, railways and data centres created strong demand for the transformers and switchgear sold by this multibagger electrical equipment stock. The power systems segment became the main engine of this multibagger electrical equipment stock. In Q1 FY27 its sales rose 31% to Rs 1,402 crore, with segment margins of 23.1%.<\/p>\n<p>Transformer capacity across the Gwalior and Bhopal plants has reached about 65,000 MVA and is planned to rise to 110,000 MVA by the end of calendar 2026. A new extra high voltage switchgear plant near Nashik, commissioned in 2026, expands that capacity by approximately 80%. More capacity lets this multibagger electrical equipment stock bid for larger domestic and export orders.<\/p>\n<p style=\"margin-top:24px;\"><strong>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Semiconductor_Bet\"><\/span><strong>The Semiconductor Bet<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In February 2024 the government approved the company&#8217;s outsourced semiconductor assembly and test (OSAT) project in Sanand, Gujarat, built with Renesas and Stars Microelectronics. The total planned investment is approximately Rs 7,600 crore over five years. It marked a shift in how the market viewed this multibagger electrical equipment stock.<\/p>\n<p>The G1 facility was inaugurated in August 2025 and began commercial production on 4 July 2026. The G2 plant is due by the end of calendar 2026. The company also acquired a chip design business, Axiro Semiconductor, in 2025. This gave the multibagger electrical equipment stock a new growth story beyond motors and transformers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Export_Orders_and_the_2026_Recovery\"><\/span><strong>Export Orders and the 2026 Recovery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>On 19 January 2026 the maker behind this multibagger electrical equipment stock won its largest single order ever, worth approximately Rs 900 crore, for specially engineered transformers for a hyperscale data centre project in the US. Deliveries run over 12 to 20 months from its Indian plants.<\/p>\n<p>Strong March quarter results in May 2026 and rising export hopes then lifted the CG Power share price by about 48% in calendar 2026 by late June. A foreign brokerage argued that long lead times for transformers in the US and Europe give Indian makers a large opening, and expects exports to reach about 25% of order inflows by FY29.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Strong_Are_the_Financials_Behind_This_Multibagger_Electrical_Equipment_Stock\"><\/span><strong>How Strong Are the Financials Behind This Multibagger Electrical Equipment Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The latest five quarters show steady growth with some volatility in margins. Total income for this multibagger electrical equipment stock rose from Rs 2,906 crore in the June 2025 quarter to Rs 3,364 crore in the June 2026 quarter, up about 15.8% year on year.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Total Income (Rs Cr)<\/th>\n<th>EBITDA (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>Operating Margin<\/th>\n<th>Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>2,906<\/td>\n<td>409<\/td>\n<td>267<\/td>\n<td>14.23%<\/td>\n<td>9.35%<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>2,989<\/td>\n<td>443<\/td>\n<td>284<\/td>\n<td>15.15%<\/td>\n<td>9.81%<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>3,252<\/td>\n<td>474<\/td>\n<td>284<\/td>\n<td>13.80%<\/td>\n<td>9.74%<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>3,519<\/td>\n<td>544<\/td>\n<td>363<\/td>\n<td>15.85%<\/td>\n<td>10.56%<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>3,364<\/td>\n<td>481<\/td>\n<td>308<\/td>\n<td>14.66%<\/td>\n<td>9.54%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Consolidated net profit for Q1 FY27 was Rs 308 crore, up 15.5% year on year, while standalone profit grew 27% to Rs 364 crore. The gap reflects early-stage losses in the semiconductor subsidiaries, which are consolidated into group results.<\/p>\n<p>The order book is the strongest number. Consolidated order backlog reached Rs 18,965 crore at the end of June 2026, up 45% year on year, after Rs 5,211 crore of new orders in the quarter. For a multibagger electrical equipment stock, that backlog covers roughly 1.5 years of FY26 revenue.<\/p>\n<p>This multibagger electrical equipment stock does have soft spots. Operating cash flow fell to Rs 702 crore in FY26 from Rs 916 crore in FY25, while capital spending rose to Rs 778 crore. The industrial systems segment grew just 6% in Q1 FY27 and carried a one-time railway provision of Rs 20 crore.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Owns_the_CG_Power_Share\"><\/span><strong>Who Owns the CG Power Share?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The promoter group holds a steady 56.36%. The more interesting shift is between institutions, as domestic funds have steadily added to their stake in this multibagger electrical equipment stock while foreign investors trimmed theirs.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Promoters<\/th>\n<th>FII<\/th>\n<th>DII<\/th>\n<th>Public<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>56.38%<\/td>\n<td>12.68%<\/td>\n<td>16.33%<\/td>\n<td>14.62%<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>56.37%<\/td>\n<td>13.02%<\/td>\n<td>16.26%<\/td>\n<td>14.35%<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>56.36%<\/td>\n<td>12.02%<\/td>\n<td>17.56%<\/td>\n<td>14.06%<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>56.36%<\/td>\n<td>12.03%<\/td>\n<td>18.08%<\/td>\n<td>13.53%<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>56.36%<\/td>\n<td>11.97%<\/td>\n<td>18.30%<\/td>\n<td>13.37%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>DII holding in this multibagger electrical equipment stock rose by nearly two percentage points in a year, to 18.30%. Several large and mid-cap mutual funds and index funds hold the share. Retail and other public holding fell from 14.62% to 13.37%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_the_Risks_for_This_Multibagger_Electrical_Equipment_Stock\"><\/span><strong>What Are the Risks for This Multibagger Electrical Equipment Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The biggest risk is valuation. At a PE of approximately 118, the multibagger electrical equipment stock trades at about 2.5 times the industry PE of around 48, and at roughly 18 times book value. Return on equity is 15.13%, which is solid but does not fully explain that premium.<\/p>\n<p>Semiconductor execution is the second risk for this multibagger electrical equipment stock. The OSAT project needs heavy capital, and one domestic brokerage expects its losses to narrow only from FY28 onward. Any delay in customer qualification or ramp-up would weigh on consolidated profit.<\/p>\n<p>Other risks include competition in transmission equipment, including from foreign manufacturers, pressure on prices if the capex cycle slows, weakness in the railway business and lower operating cash flow as capacity is built. The January 2026 fall to Rs 525.50 shows how quickly sentiment can turn in this multibagger electrical equipment stock.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the CG Power share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"CG_Power_Share_Analyst_View\"><\/span><strong>CG Power Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Most brokerages remain positive on this multibagger electrical equipment stock but split on the price. The view is built on the order book, capacity expansion and exports, balanced against a valuation that already assumes strong growth for several years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"CG_Power_Share_Price_Target\"><\/span><strong>CG Power Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In June 2026 a foreign brokerage raised its CG Power share price target to Rs 1,100 from Rs 1,050, citing export demand and a projected 33% EPS CAGR over FY26 to FY29. That target implies roughly 20% upside from the current CG Power share price of about Rs 915.<\/p>\n<p>After the March quarter results in May 2026, domestic brokerages set targets between Rs 875 and Rs 955, while another foreign brokerage held a Hold rating with a CG Power share price target of Rs 745. Some of the lower targets have since been overtaken by the market.<\/p>\n<p>For traders in this multibagger electrical equipment stock, the key levels are the 52-week high of Rs 980.90 and the 52-week low of Rs 525.50. Any CG Power share price target should be read alongside the high PE, since earnings must keep compounding to support further gains.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CG Power went from a governance crisis to a multibagger electrical equipment stock and one of the best five-year performers in the market. The 639.81% gain was built on a clean balance sheet, rising profits, a transmission equipment boom and a bold semiconductor bet.<\/p>\n<p>The past year has been quieter, with a 23.57% return and a sharp dip in between. For investors tracking this multibagger electrical equipment stock, the order book of Rs 18,965 crore and 110,000 MVA of planned transformer capacity support growth. The valuation, however, already prices in much of that, so earnings delivery and OSAT progress will decide the next move.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_multibagger_electrical_equipment_stock_rose_640_in_5_years\"><\/span><strong>Which multibagger electrical equipment stock rose 640% in 5 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CG Power and Industrial Solutions (NSE: CGPOWER) is the multibagger electrical equipment stock that gained approximately 639.81% over five years as of 10 September 2026. It ranked 13th among 101 large-cap and mid-cap NSE stocks on 5-year returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_CG_Power_share_price_rise_so_much_in_five_years\"><\/span><strong>Why did the CG Power share price rise so much in five years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The rise came from the Murugappa Group turnaround after 2020, a near debt-free balance sheet and revenue growing from Rs 5,521 crore in FY22 to Rs 12,662 crore in FY26. Strong demand for transformers and switchgear, a semiconductor project in Gujarat and export orders added further momentum.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_CG_Power_share_price_today\"><\/span><strong>What is the CG Power share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The share traded around Rs 915 on 10 September 2026, down about 1.3% on the day. Its 52-week range is Rs 525.50 to Rs 980.90.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_CG_Power_share_price_target\"><\/span><strong>What is the CG Power share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A foreign brokerage has a target of Rs 1,100, raised in June 2026. Domestic brokerage targets set in May 2026 ranged from Rs 875 to Rs 955, while another foreign brokerage had a target of Rs 745.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_CG_Power_performed_over_one_year\"><\/span><strong>How has CG Power performed over one year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CG Power has returned 23.57% over one year, ranking 57th out of 101 in the screen. The multibagger electrical equipment stock fell to Rs 525.50 in January 2026 before recovering strongly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Did_CG_Power_have_a_stock_split_or_bonus_in_the_last_five_years\"><\/span><strong>Did CG Power have a stock split or bonus in the last five years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No, there was no split or bonus issue in the five-year window and the face value remained Rs 2. The company raised Rs 3,000 crore through a QIP in July 2025, which does not affect the price return.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_CG_Powers_order_book\"><\/span><strong>What is CG Power&#8217;s order book?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CG Power reported a consolidated order backlog of Rs 18,965 crore at the end of June 2026, up 45% year on year. The power systems segment accounted for Rs 14,434 crore of the standalone backlog.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_for_CG_Power\"><\/span><strong>What are the main risks for CG Power?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks for this multibagger electrical equipment stock are a high PE of about 118 against an industry PE near 48, losses in the semiconductor business and competition in power equipment. Slower government capex or delays in new capacity could also hurt earnings.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which multibagger electrical equipment stock rose 640% in 5 years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"CG Power and Industrial Solutions (NSE: CGPOWER) is the multibagger electrical equipment stock that gained approximately 639.81% over five years as of 10 September 2026. It ranked 13th among 101 large-cap and mid-cap NSE stocks on 5-year returns.\"}},{\"@type\":\"Question\",\"name\":\"Why did the CG Power share price rise so much in five years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The rise came from the Murugappa Group turnaround after 2020, a near debt-free balance sheet and revenue growing from Rs 5,521 crore in FY22 to Rs 12,662 crore in FY26. 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The multibagger electrical equipment stock fell to Rs 525.50 in January 2026 before recovering strongly.\"}},{\"@type\":\"Question\",\"name\":\"Did CG Power have a stock split or bonus in the last five years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No, there was no split or bonus issue in the five-year window and the face value remained Rs 2. The company raised Rs 3,000 crore through a QIP in July 2025, which does not affect the price return.\"}},{\"@type\":\"Question\",\"name\":\"What is CG Power's order book?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"CG Power reported a consolidated order backlog of Rs 18,965 crore at the end of June 2026, up 45% year on year. The power systems segment accounted for Rs 14,434 crore of the standalone backlog.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks for CG Power?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks for this multibagger electrical equipment stock are a high PE of about 118 against an industry PE near 48, losses in the semiconductor business and competition in power equipment. Slower government capex or delays in new capacity could also hurt earnings.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>One transformer and motor maker has turned Rs 1 lakh into about Rs 7.4 lakh in five years. Here is what powered the 640% rally and the risks investors should weigh.<\/p>\n","protected":false},"author":29,"featured_media":241493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[],"class_list":["post-241494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["241493"],"rank_math_title":["Multibagger Electrical Equipment Stock Up 640% in 5 Years"],"rank_math_description":["This multibagger electrical equipment stock rose approximately 640% in 5 years on a turnaround, transformer demand and a chip bet. See financials, targets and risks."],"rank_math_focus_keyword":["multibagger electrical equipment stock"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/multibagger-electrical-equipment-stock-rises-640-percent-in-5-years.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/241494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=241494"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/241494\/revisions"}],"predecessor-version":[{"id":241495,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/241494\/revisions\/241495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/241493"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=241494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=241494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=241494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}