G.V. Electricals IPO Review, Financial Analysis & Valuation

In-depth editorial analysis, statutory financial disclosures, and peer valuation metrics to help you evaluate if the G.V. Electricals IPO is good or bad.

Business Overview

G V Electricals Ltd. (formerly G V Electricals Pvt. Ltd.) is one of India’s leading electrical contracting and power infrastructure companies. Further, with nearly 40 years of experience, they have completed large and complex electrical projects across India and selected international markets.

Financial Performance

ExpenseRevenueAssetsPeriod EndedPAT
₹154.97₹184.81₹251.582023₹32.10
₹175.85₹206.45₹339.252024₹34.44
₹261.43₹322.58₹455.492025₹28.13
₹186.96₹236.50₹561.34Dec 2025₹38.69

Peer Comparison & Valuation

Compare the valuation of G.V. Electricals against its listed industry peers to determine if the issue price is justified.

EPSNAVCompanyIncomeRoNW %PE Ratio
79.52225.56Rajesh Power Services Limited1,633.41 Cr.35.26%10.69
11.3581.54Parth Electricals & Engineering Limited200.95 Cr.12.78%39.20

Should you apply for the G.V. Electricals IPO?

Determining whether the G.V. Electricals IPO is good or bad requires evaluating the company's financial growth trajectory, the sector's macroeconomic tailwinds, and the premium demanded by the promoters in the price band.

  • Review the PAT (Profit After Tax) margins in the financials table above to ensure profitability is not artificially inflated just before the IPO.
  • Examine the P/E Ratio in the peer comparison section. A lower P/E relative to industry peers may indicate an undervalued issue.
  • Monitor the QIB subscription data on the final day, as heavy institutional buying is a strong indicator of smart-money confidence.