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Power transmission equipment Historical case study · data as of 10 Jul 2026 · published 15 Oct 2026 (97 days later)

GE Vernova T&D India — 100-point case study

How GE Vernova T&D India looked on 50 technical and 50 fundamental measures on 10 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: GVT&D · BSE: 522275
Close on 10 Jul 2026	₹4,677.10
Market cap then	₹1,20,076 crore
Valuation	P/E 97.4× · P/B 44.64×
Momentum	RSI (14) 46 · 1-year return +96.4%
Next 3 months	-10.4% vs Nifty 50 -6.5% (to 14 Oct 2026)

Scorecard

Technical — 50 points

12 bullish · 23 neutral · 2 caution · 12 bearish — the picture was mixed.

Fundamental — 50 points

16 bullish · 29 neutral · 2 caution · 2 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Data note: Fundamentals use Screener's standalone figures because the consolidated tables were empty for this company.

Technical analysis — 50 points

Calculated by code from daily prices up to 10 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope -0.74%/day	Bearish	Over the last 20 sessions the regression line of closing prices was falling about 0.74% a day — a short-term downtrend. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return +25.6%	Bullish	The 100-session trend line was up (+0.39%/day) and the stock was +25.6% over three months, so the medium-term picture was bullish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return +96.4%	Bullish	Compared with a year earlier the price was +96.4%. A strong positive year. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 4,863.08 / 30W 3,992.71	Neutral	On the weekly chart the stock showed a weekly close tangled between the 10-week and 30-week averages. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 5,222.10→5,650.00; lows 4,581.00→4,320.00	Neutral	The two most recent swing points showed a higher high but a lower low — mixed structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	22.1	Bearish	ADX at 22.1 shows a trend of moderate strength. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 21.8 / –DI 26.4	Bearish	–DI was above +DI: sellers had the upper hand in directional movement. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	4,917.68 (-4.9%)	Bearish	Close of 4,677.10 was 4.9% below the 20-day SMA — the short-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	4,780.07 (-2.2%)	Bearish	Close of 4,677.10 was 2.2% below the 50-day SMA — the medium-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	3,662.10 (+27.7%)	Bullish	Close of 4,677.10 was 27.7% above the 200-day SMA — the long-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 4,677.48 / 21E 4,792.35	Bearish	The 9-day EMA was below the 21-day EMA; the last crossover happened on 03 Jul 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	no cross in data window	Bullish	The 50-day average was 30.5% above the 200-day. No 50/200 crossover occurred in the data window. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	+7.6% in 20 sessions	Bullish	The 50-day average rose 7.6% over the past month — rising. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	4,918 / 4,780 / 4,316 / 3,662	Bullish	The 20/50/100/200-day averages were perfectly stacked bullish (20 > 50 > 100 > 200). Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	4,539.69 (+3.0%)	Bullish	Anchored to the start of July, the volume-weighted average price was 4,539.69; the close was above it — buyers that month were on average in profit. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	46.4	Neutral	RSI at 46.4 was in the neutral 45–55 zone. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	bearish divergence	Caution	Comparing the last 20 sessions with the 20 before: bearish divergence: price made a higher high but RSI made a lower high. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD -74.84 / signal -9.87	Bearish	MACD was below its signal line — momentum turning or staying negative. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	-95.86 → -64.96	Bullish	The histogram rose over the last five sessions, meaning momentum was improving. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	-74.84	Bearish	MACD below zero means the 12-day EMA was below the 26-day EMA — a negative momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 20.7 / %D 16.0	Bullish	Slow stochastic at 20.7 was mid-range with %K above %D. Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-73.2	Neutral	%R of -73.2 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	-63	Neutral	CCI at -63 was within the normal ±100 band. Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	-7.3%	Bearish	Price changed -7.3% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.32 (bands 4,246.92–5,588.43)	Neutral	%B of 0.32 — inside the bands, lower half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 27.3% (74th pct of 6M)	Neutral	Band width was at the 74th percentile of the last six months, a normal level. How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹244.13 (5.2% of price)	Neutral	A typical day's range was about ₹244.13, or 5.2% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	59.9% vs 1Y 43.7%	Caution	Annualised 30-day volatility was 59.9%, well above the one-year level of 43.7%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	4,303.88–5,274.06	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.02	Neutral	A beta of 1.02 means the stock tended to move roughly in line with the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.41× / 5-day 0.75×	Neutral	The final session traded 0.41× its 20-day average volume and the last five sessions averaged 0.75× — lighter than usual participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 0.55	Bearish	Average volume on up days was 0.55× that on down days — distribution-leaning. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV falling	Bearish	OBV fell over the month while price fell — volume confirmed the price move. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	rising (20d)	Bullish	The A/D line rose, meaning closes tended to be in the upper part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	0.02	Neutral	CMF at +0.02 indicated roughly balanced money flow. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	22.7	Bearish	MFI, a volume-weighted RSI, was 22.7. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹560 cr/day	Neutral	About ₹560 crore changed hands per day on average over 20 sessions — highly liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	4,660.00 / 4,581.00 / 4,391.00	Neutral	Nearest support (prior swing lows) sat at 4,660.00, 0.4% below the close, then 4,581.00, 4,391.00. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	4,694.00 / 4,849.00 / 4,962.40	Neutral	Nearest resistance (prior swing highs) sat at 4,694.00, 0.4% above the close, then 4,849.00, 4,962.40. How to read: Information only.
40	Monthly pivot points (for next month)	P 4,680.03 \| R1 5,040.07 \| S1 4,317.07	Neutral	Classic pivots from July's high/low/close gave a pivot of 4,680.03; the close was below it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 4,912 \| 38.2% 4,456 \| 50.0% 4,087 \| 61.8% 3,718	Neutral	Measuring the 6-month rise from 2,523.20 to 5,650.00, the close was nearest the 38.2% retracement at 4,455.56. How to read: Information only.
42	52-week high / low	H 5,650.00 / L 2,265.00	Neutral	The close was 17.2% below the 52-week high and 106.5% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	3 open; latest gap-up 20 Apr at 4,154.30	Neutral	There were 3 unfilled gap(s). The latest, a gap-up on 20 Apr 2026, left an open level at 4,154.30 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	pullback inside a larger uptrend	Neutral	Rule-based pattern scan: pullback inside a larger uptrend. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 4,320.00–5,650.00	Neutral	The close was inside the prior 20-day range of 4,320.00–5,650.00. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Ordinary red candle	Neutral	On 10 Jul the candle opened 4,695.00, ranged 4,601.30–4,738.80 and closed 4,677.10: Ordinary red candle. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 4,306.05–4,814.08; Tenkan 4,696.75 / Kijun 4,985.00	Neutral	Price was inside the cloud and the Tenkan line was below the Kijun line — an undecided Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M -8.2% / 3M +24.7%	Bullish	The stock outperformed the Nifty 50 by 24.7 points over three months and underperformed by 8.2 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M +55.2%	Bullish	No sector index in today's data set, so we show the 6-month comparison instead: 55.2 points ahead of the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	12 bullish · 12 bearish · 23 neutral · 2 caution	Neutral	Across the 49 readings the technical picture was mixed. Levels that mattered: support 4,660.00, resistance 4,694.00. This is a description of the chart on 10 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 10 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Mar 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 10 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	97.4×	Neutral	At ₹4,677.10 the market valued the company at about ₹1,20,076 crore, or 97.4× the ₹1,233 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	44.64×	Neutral	Market cap was 44.64× the Mar 2026 book value (equity + reserves) of ₹2,690 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	19.35×	Neutral	The company was valued at 19.35× its trailing-12-month sales of ₹6,206 crore. How to read: Information only.
4	EV / EBITDA (approx.)	71.3×	Neutral	Enterprise value (market cap + ₹24 cr borrowings; cash not netted) was 71.3× trailing operating profit of ₹1,684 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	1.0%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹1.0 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	n/m	Neutral	PEG is not meaningful because 3-year profit growth was not available. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	0.11%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹5 a share, a 0.11% yield on the ₹4,677.10 price. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹1,20,076 cr	Neutral	At about ₹1.20 lakh crore the company was a large-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹336.49 vs ₹4,677.10	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹336.49; the price was 1290% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+44.6%	Bullish	Revenue for FY26 was ₹6,206 crore, +44.6% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+42.0%	Bullish	The Jan–Mar 2026 quarter brought ₹1,637 crore of revenue, +42.0% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+102.8%	Bullish	FY26 net profit was ₹1,233 crore, +102.8% on FY25's ₹608 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	+89.2%	Bullish	Quarterly profit was ₹352 crore versus ₹186 crore a year earlier (+89.2%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	30.8%	Caution	Revenue compounded at 30.8% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	n/a	Neutral	Not available. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	12.4%	Caution	Over five years (FY21–FY26) revenue compounded at 12.4% a year. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	+102.7%	Bullish	Reported EPS went from ₹23.76 to ₹48.17 (+102.7%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	28%	Neutral	Operating profit (EBITDA) was 28% of sales in FY26 versus 19% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	29% → 26% → 27% → 27%	Bearish	Quarterly margins moved from 29% to 27% over the last four quarters — contracting. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	19.9%	Neutral	₹19.9 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	55.3%	Bullish	FY26 profit was 55.3% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	77%	Bullish	Return on capital employed (debt + equity) was 77% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	15.93%	Neutral	Net profit was 15.93% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	25%	Neutral	The company paid about 25% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	2%	Neutral	Non-operating 'other income' of ₹25 crore made up 2% of pre-tax profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.01	Bullish	Borrowings of ₹24 crore were 0.01× equity — very low leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	0.01×	Bullish	Debt equalled 0.01 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	48.1×	Bullish	Earnings before interest and tax covered interest cost 48.1 times. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	+51.7%	Bullish	Shareholders' equity grew +51.7% from ₹1,773 crore to ₹2,690 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹65 cr (16% of fixed assets)	Neutral	Projects under construction (CWIP) were 16% of fixed assets — a modest pipeline. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	6 days	Neutral	Working capital tied up equalled 6 days of sales (FY25: 35). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	90 days	Neutral	It took 90 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	128 (FY25 125)	Neutral	Customers took 128 days on average to pay, versus 125 a year earlier. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹1,710 cr	Bullish	The business generated ₹1,710 crore of operating cash in FY26 versus ₹904 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	n/a	Neutral	Free cash flow line not available on source page. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	1.39×	Bullish	Operating cash flow was 1.39× reported profit — profits were well backed by cash. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	n/a	Neutral	Not available. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	n/a	Neutral	Not available. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	n/a	Neutral	Not available. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	21%	Neutral	The company paid out about 21% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	28% / 21% / 21%	Bullish	Payout ratios for FY24 / FY25 / FY26 — dividends were paid every year. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+0.0%	Neutral	Paid-up equity capital changed +0.0% (₹51 cr → ₹51 cr). Essentially unchanged — no dilution. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	51.00% (+0.00 pts YoY)	Neutral	Promoters owned 51.00% at Mar 2026 versus 51.00% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	20.39% (+7.35 pts YoY)	Bullish	FIIs held 20.39% at Mar 2026, up from 13.04% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	21.39% (-6.79 pts YoY)	Bearish	Mutual funds, insurers and other DIIs held 21.39%, down from 28.18%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	1.1 lakh (+34.9% YoY)	Neutral	The shareholder count moved from 0.8 lakh to 1.1 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	7/8	Bullish	Passed: positive profit, positive operating cash flow, CFO > net profit, leverage fell, operating margin improved, ROA improved, no meaningful dilution (<3%). Failed: asset turnover improved. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	5 strength(s) · 2 weakness(es)	Neutral	Strengths: Company is almost debt free; Company is expected to give good quarter; Company has delivered good profit growth of 85.6% CAGR over last 5 years; Company has a good return on equity (ROE) track record: 3 Years ROE 42.3%; Company has been maintaining a healthy dividend payout of 23.4%. Weaknesses: Stock is trading at 39.9 times its book value; Promoter holding has decreased over last 3 years: -24.0%. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	16 bullish · 2 bearish · 29 neutral · 2 caution	Bullish	On the numbers published by 10 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 97.4×, P/B 44.64×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 10 Apr 2026 – 10 Jul 2026 that an investor could have known on the snapshot date.

23 Apr 2026 GE Vernova T&D India shares hit record high after CLSA raises target on parent GE Vernova — Shares rose as much as 9.1% intraday to an all-time high of Rs 4,624 after CLSA raised its target price on US parent GE Vernova and kept a High Conviction Outperform rating. source
18 May 2026 GE Vernova T&D India board meeting outcome: Q4 FY26 results press release — Company filed its press release with NSE on the audited results for the quarter and year ended March 31, 2026. source
19 May 2026 GE Vernova T&D India Q4 PAT jumps 89% YoY to Rs 352 crore — Q4 FY26 net profit rose 89% year on year to Rs 352 crore, order bookings rose 188% to Rs 8,610 crore, and the board recommended a final dividend of Rs 10 per share. source
20 May 2026 GE Vernova T&D India order inflow in FY26 up 37 per cent — FY26 order intake was about Rs 14,776 crore, up 37% from FY25, with an order book of about Rs 21,456 crore at March 31, 2026; the board approved a Rs 55 crore capacity investment at Vallam, Tamil Nadu. source

What happened next (10 Jul 2026 → 14 Oct 2026)

Price went from ₹4,677.10 to ₹4,190.00 by 14 Oct 2026 (-10.4%) while the Nifty 50 moved -6.5% — underperforming by 3.9 points.
Highest ₹4,825.00 on 09 Sep 2026; lowest ₹3,962.20 on 28 Jul 2026.
S1 4,660.00: broken on a closing basis on 13 Jul 2026.
S2 4,581.00: broken on a closing basis on 13 Jul 2026.
R1 4,694.00: cleared on a closing basis on 15 Jul 2026.
R2 4,849.00: not cleared on a closing basis.
200-day SMA: price was above it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 05 Aug 2026): revenue ₹1,836 crore (+38.0% YoY), net profit ₹363 crore (+24.7% YoY), operating margin 25% vs 29% a year earlier (Screener consolidated figures).

Later news

31 Jul 2026 GE Vernova T&D India shares rise 3.53% ahead of Q1 results — Shares rose 3.53% to Rs 4,350.80 ahead of the August 5 board meeting to consider Q1 FY27 results; the 52-week high of Rs 5,650 was set on June 23, 2026. source
05 Aug 2026 GE Vernova T&D India board meeting outcome for Q1 FY27 — Company filed the outcome of its August 5, 2026 board meeting with NSE, covering unaudited results for the quarter ended June 30, 2026. source
05 Aug 2026 GE Vernova T&D reports Q1 revenue of Rs 1,836 crore and net profit of Rs 363 crore — Standalone Q1 FY27 revenue rose about 38% year on year to Rs 1,836 crore and net profit rose about 25% to Rs 363 crore. source
07 Aug 2026 GE Vernova T&D India reports Rs 1,137-crore order booking in Q1FY27 — Q1 FY27 order inflows were Rs 1,137 crore, about 30% lower than Rs 1,620 crore a year earlier; order backlog was about Rs 20,930 crore as of June 30, 2026. source
16 Sep 2026 GE Vernova T&D India schedules analyst meets in Mumbai — Company disclosed that Nomura India will arrange one-on-one and group meetings with analysts and institutional investors in Mumbai on September 21-23, 2026. source

Educational summary. On 10 Jul 2026 the technical picture was mixed and the fundamental picture leaned positive. Over the next three months the stock moved -10.4% against -6.5% for the Nifty 50. A mixed chart gave no clear message, and the outcome shows why mixed readings are hard to act on. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold GE Vernova T&D India today.

Method designed by Pawan Kumar Sharma, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 15 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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