Indo Tech Transformers Ltd

₹ 3,178 -0.39%

25 Sep - close price

About

Indo Tech Transformers Ltd. is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile substation transformers and substations. ^[1]

Key Points

Synegry from Promoter ^[1] ^[2]
The company is a subsidiary of Shirdi Sai Electricals Ltd, which held a 72% stake as of Jun 2026. As part of the Shirdi Sai Electricals Group, it benefits from the group’s capabilities across engineering, procurement, technology, and the broader power value chain. Around 80% of the promoter holding is pledged.

Website BSE NSE

Market Cap ₹ 3,375 Cr.
Current Price ₹ 3,178
High / Low ₹ 4,035 / 1,100
Stock P/E 34.0
Book Value ₹ 352
Dividend Yield 0.31 %
ROCE 40.4 %
ROE 28.4 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 71.3% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
Debtor days have improved from 76.8 to 56.5 days.

Cons

Stock is trading at 9.03 times its book value
Promoter holding has decreased over last quarter: -2.82%
Promoters have pledged 80.3% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment

Part of BSE Industrials

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	93	96	139	175	82	146	177	206	164	183	196	239	228
	87	85	124	148	74	123	153	185	140	152	163	207	196
Operating Profit	6	11	15	27	8	23	24	21	24	31	33	32	32
OPM %	6%	12%	11%	15%	10%	16%	14%	10%	15%	17%	17%	14%	14%
	1	2	1	3	2	3	6	5	3	4	2	1	5
Interest	1	1	1	1	0	0	1	1	1	1	1	1	0
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	2
Profit before tax	5	11	14	27	8	24	29	24	25	33	34	32	34
Tax %	30%	36%	24%	6%	29%	28%	33%	14%	23%	26%	26%	25%	25%
	4	7	11	26	6	18	19	21	19	25	25	24	26
EPS in Rs	3.33	6.66	10.06	24.08	5.56	16.69	18.15	19.76	18.05	23.33	23.45	22.52	24.20
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Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	157	190	149	220	213	205	206	280	371	503	612	782	846
	166	191	152	221	215	203	195	258	335	435	527	653	718
Operating Profit	-9	-1	-3	-1	-2	2	11	22	36	68	85	129	128
OPM %	-6%	-0.5%	-2.0%	-0.6%	-1.0%	0.9%	5%	8%	10%	14%	14%	17%	15%
	17	13	2	5	1	5	3	2	3	7	16	10	13
Interest	6	2	3	2	2	2	3	7	8	12	11	11	2
Depreciation	5	5	5	5	5	5	5	5	5	5	4	5	5
Profit before tax	-4	4	-9	-4	-8	0	6	12	26	57	86	124	133
Tax %	0%	0%	24%	0%	0%	-1,820%	1%	2%	0%	18%	26%	25%
	-4	4	-11	-4	-8	2	6	12	26	47	64	93	99
EPS in Rs	-3.52	3.79	-10.61	-3.47	-7.90	1.81	5.92	11.48	24.20	44.12	60.15	87.35	93.50
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	11%

Compounded Sales Growth
10 Years:	15%
5 Years:	31%
3 Years:	28%
TTM:	22%

Compounded Profit Growth
10 Years:	32%
5 Years:	71%
3 Years:	53%
TTM:	29%

Stock Price CAGR
10 Years:	33%
5 Years:	83%
3 Years:	95%
1 Year:	86%

Return on Equity
10 Years:	13%
5 Years:	23%
3 Years:	26%
Last Year:	28%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	11	11	11	11	11	11	11	11	11	11	11	11
Reserves	140	144	128	123	115	116	123	134	160	207	270	363
	0	0	0	0	0	0	0	1	11	5	8	5
	57	59	64	75	69	77	55	94	121	164	150	178
Total Liabilities	207	214	202	209	195	203	188	240	303	386	438	557
	66	62	54	50	52	48	44	41	44	49	50	75
CWIP	0	0	0	0	0	0	0	1	1	0	6	12
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	141	152	148	159	143	155	144	197	258	337	383	470
Total Assets	207	214	202	209	195	203	188	240	303	386	438	557

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-13	-3	-12	4	17	-14	8	22	-4	32	55	57
	-0	8	-1	-1	-1	-2	-3	-9	-15	-12	-18	-53
	19	0	-1	-0	-0	-0	-0	-0	9	-8	1	-5
Net Cash Flow	5	6	-14	2	16	-16	5	13	-9	12	39	-1
Free Cash Flow	-14	8	-14	3	17	-16	7	18	-12	24	40	23
CFO/OP	137%	270%	400%	-311%	-856%	-756%	28%	100%	-12%	67%	87%	68%

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	121	124	146	132	106	131	123	106	127	101	73	56
Inventory Days	117	88	162	91	79	113	92	98	102	126	114	131
Days Payable	97	101	127	116	101	134	96	130	123	88	40	38
Cash Conversion Cycle	141	111	181	107	84	110	118	75	106	139	147	149
Working Capital Days	150	123	168	110	67	105	112	74	80	79	73	75
ROCE %	1%	-3%	-4%	-1%	-5%	2%	7%	14%	21%	34%	38%	40%

Insights

In beta

Mar 2015

Mar 2016

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Installed Capacity
MVA

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				xxx			xxx

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Order Book
INR crore

Top 10 Customer Concentration
% of revenue

Export Share of Revenue
% of revenue

Fixed Price Contract Share of Revenue
% of revenue

Capacity Utilization
%

Realization per MVA
INR million per MVA

Number of Employees
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	72.18%
	0.00%	0.00%	0.02%	0.42%	0.39%	0.48%	0.24%	0.16%	0.17%	0.19%	0.27%	0.28%
	0.00%	0.00%	0.00%	0.01%	0.00%	0.66%	0.66%	0.41%	0.60%	0.66%	0.00%	0.05%
	25.00%	25.00%	24.98%	24.58%	24.60%	23.85%	24.08%	24.44%	24.23%	24.15%	24.72%	27.50%
No. of Shareholders	8,932	8,900	11,075	16,210	17,302	20,675	25,077	27,561	26,561	26,361	25,871	24,680

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	74.35%	74.35%	74.35%	74.35%	78.63%	75.00%	75.00%	75.00%	75.00%	75.00%	72.18%
	0.00%	0.00%	0.15%	0.00%	0.00%	0.08%	0.00%	0.02%	0.24%	0.27%	0.28%
	0.11%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.66%	0.00%	0.05%
	25.54%	25.58%	25.50%	25.65%	21.37%	24.92%	25.00%	24.98%	24.08%	24.72%	27.50%
No. of Shareholders	9,810	9,424	9,272	8,431	8,810	9,806	9,209	11,075	25,077	25,871	24,680

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Indo Tech Transformers Ltd

Indo Tech Transformers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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