Power & Instrumentation (Gujarat) (PIGL)₹92.50−1.27%Other Electrical Equipment
In the Jun 2026 quarter (consolidated), Power & Instrumentation (Gujarat) reported sales of ₹48.91 Cr, up 18.5% from Jun 2025, and net profit of ₹3.06 Cr, up 16.3% year on year. For the year to Mar 2026, sales were ₹219 Cr and net profit ₹15.01 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.32 | 15.14 | 36.94 | 25.50 | 54.96 | 33.39 | 55.12 | 41.29 | 70.31 | 48.70 | 58.58 | 48.91 |
| Expenses | 21.64 | 13.30 | 33.05 | 22.36 | 49.72 | 29.69 | 50.26 | 37.26 | 63.67 | 42.73 | 52.18 | 43.88 |
| Operating Profit | 2.72 | 1.83 | 3.90 | 3.13 | 5.23 | 3.68 | 4.85 | 4.04 | 6.59 | 5.93 | 6.42 | 5.02 |
| OPM % | 11.2% | 12.1% | 10.6% | 12.3% | 9.6% | 11.1% | 8.8% | 9.9% | 9.4% | 12.3% | 11.0% | 10.3% |
| Other Income | 0.18 | 0.36 | 0.68 | 0.52 | 0.81 | 1.08 | 0.29 | 0.27 | 0.63 | 0.16 | 0.42 | 0.43 |
| Interest | 1.01 | 0.97 | 1.15 | 1.08 | 0.79 | 0.55 | 0.95 | 0.72 | 0.81 | 1.41 | 1.68 | 1.26 |
| Depreciation | 0.07 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.08 | 0.06 | 0.12 | 0.17 | 0.28 | 0.31 |
| Profit before tax | 1.85 | 1.17 | 3.40 | 2.51 | 5.19 | 4.17 | 4.12 | 3.52 | 6.32 | 4.54 | 4.89 | 3.89 |
| Tax % | 24.5% | 29.4% | 21.0% | 24.8% | 25.2% | 23.4% | 31.7% | 25.8% | 25.4% | 21.3% | 19.6% | 21.7% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.04 | 0.00 | 0.00 |
| Net Profit | 1.40 | 0.84 | 2.69 | 1.86 | 3.90 | 3.18 | 2.82 | 2.63 | 4.70 | 3.56 | 3.94 | 3.06 |
| EPS (Rs) | 1.09 | 0.65 | 2.11 | 1.47 | 2.41 | 1.97 | 1.60 | 1.49 | 2.64 | 1.83 | 1.70 | 1.36 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales | 90.98 | 93.98 | 97.04 | 169 | 219 | 227 |
| Expenses | 84.06 | 87.08 | 87.06 | 152 | 196 | 202 |
| Operating Profit | 7.01 | 7.99 | 11.01 | 17.02 | 23.01 | 23.96 |
| OPM % | 7.0% | 8.1% | 11.1% | 10.0% | 10.1% | 10.6% |
| Other Income | 0.00 | 0.99 | 0.99 | 1.99 | 0.99 | 1.64 |
| Interest | 2.99 | 2.99 | 4.01 | 2.99 | 5.01 | 5.16 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.88 |
| Profit before tax | 4.01 | 4.99 | 8.01 | 16.01 | 18.99 | 19.64 |
| Tax % | 31.0% | 27.0% | 24.1% | 26.1% | 23.1% | — |
| Exceptional items | 0.03 | 0.00 | 0.00 | 0.00 | −0.05 | −0.04 |
| Net Profit | 3.01 | 3.99 | 6.01 | 12.01 | 15.01 | 15.26 |
| EPS (Rs) | 3.35 | 2.85 | 4.66 | 6.71 | 6.69 | 7.53 |
| Dividend payout % | 0.0% | 7.0% | 4.0% | 3.0% | 0.0% | — |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 8.98 | 12.97 | 12.98 | 16.96 | 21.01 |
| Reserves | 27.94 | 32.93 | 38.92 | 92.80 | 131 |
| Borrowings | 29.02 | 32.02 | 15.03 | 18.00 | 14.04 |
| Other Liabilities | 31.84 | 29.86 | 41.80 | 44.79 | 67.77 |
| Total Liabilities | 96.78 | 107 | 107 | 173 | 234 |
| Fixed Assets | 0.99 | 0.99 | 0.99 | 0.99 | 44.99 |
| CWIP | 0.00 | 0.99 | 0.99 | 0.99 | 1.99 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 94.79 | 105 | 106 | 172 | 187 |
| Inventories | 17.04 | 35.05 | 41.11 | 48.14 | 84.12 |
| Trade receivables | 55.13 | 38.07 | 31.08 | 60.14 | 42.09 |
| Cash & equivalents | 0.00 | 0.00 | 0.00 | 0.00 | 3.99 |
| Total Assets | 96.78 | 107 | 107 | 173 | 234 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | −2.99 | 0.99 | 7.98 | −39.91 | −4.99 |
| Cash from investing activity | 0.99 | −4.99 | 0.00 | −11.99 | −13.99 |
| Cash from financing activity | 1.99 | 4.01 | −7.99 | 52.01 | 21.98 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 3.01 |
| Capex | 0.00 | 0.28 | 0.13 | 0.32 | 1.10 |
| Free cash flow | −2.99 | 0.99 | 7.99 | −39.91 | −5.99 |
| CFO / OP % | −38.0% | 17.1% | 86.0% | −227.9% | −3.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 221 | 149 | 115 | 131 | 70 |
| Inventory days | 81 | 160 | 191 | 125 | 169 |
| Days payable | 132 | 106 | 153 | 79 | 85 |
| Cash conversion cycle | 169 | 203 | 152 | 176 | 154 |
| Working capital days | 102 | 112 | 128 | 175 | 120 |
| ROCE % | — | 12.0% | 17.1% | 20.1% | 15.1% |
For the Jun 2026 quarter, Power & Instrumentation (Gujarat) reported sales of ₹48.91 Cr, up 18.5% year on year and net profit of ₹3.06 Cr, up 16.3% year on year. The operating margin was 10.3%.
Power & Instrumentation (Gujarat)'s sales for the year to Mar 2026 were ₹219 Cr; over the last twelve months they were ₹227 Cr.
Net profit for the year to Mar 2026 was ₹15.01 Cr, and ₹15.26 Cr over the last twelve months. Earnings per share over the same trailing period were ₹7.53.
Power & Instrumentation (Gujarat) reported borrowings of ₹14.04 Cr at Mar 2026, against cash and equivalents of ₹3.99 Cr.
Cash from operations was −₹4.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹5.99 Cr.