Indo Tech Transformers
- Market cap
- ₹ 2,838 Cr.
- P/E
- 28.6x
- P/B
- 7.61x
- 52-week range
- 1,100 – 4,030
- ROE
- 28%
- ROCE
- 38%
- Dividend yield
- 0.4%
- Debt / equity
- 0.01
- Sector
- Electrical Equipment
- Industry
- Heavy Electrical Equipment
- Listed on
- NSE, BSE
About
Indo Tech Transformers Limited is an India-based transformer manufacturing company. The Company is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile sub-station transformers and sub-stations. The Company is also engaged in the business of manufacturing power, distribution, invertor, convertor special application transformers, catering to various industries, such as transmission, generation, hydro, wind, solar, steel, cement, textiles, utilities, DISCOMS and more. The Company manufactures a range of power transformers between 5MVA/33KV to 31.5MVA/132KV, including two winding, three winding and auto transformers. The Company manufactures a large power transformer facility at Kancheepuram that has an installed capacity of 6000 MVA. The Company's manufacturing facilities are at Kancheepuram in Tamil Nadu.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Heavy Electrical Equipment: 51 companies →Indo Tech Transformers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)28.6 against a typical 30.4: cheaper than most peers (1st = cheapest).22nd of 50
- Sales growth+39% against a typical +23.8% from a year earlier.13th of 41
- Profit growth+36.8% against a typical +24.6% from a year earlier.17th of 40
- Share price, 3 months−18.3% against a typical −8.5%.33rd of 45
- Size₹ 2,837.7 Cr. market value against a typical ₹ 5,357.9 Cr. (1st = largest).25th of 47
Latest announcements
Exchange filings and their impact on the company.
- Won Rs 47.5 cr domestic transformer order for execution in 12 months, adding about 6% to annual revenue.
Indo Tech Transformers has received a purchase order from Shyam SEL & Power Limited for supply of 4 power transformers for a steel plant in Eastern India. The order is valued at Rs 47.485 crore plus taxes and covers two 80/100 MVA and two 130/180 MVA 220/33 kV transformers for execution within 12 months of drawing approval. At about 6% of annual revenue, it provides near-term revenue visibility and supports growth over the next 12 months.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND BBB+; IND A2 | Positive | 17 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 17 Aug 2026 | Rating action | IND BBB+ | — | India Ratings | ₹ 520 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Indo Tech TransformersAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 11 Aug 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026, Recommend Final Dividend, If any , Indo-Tech Transformers Limited Employee Stock Option Plan 2026 and other business matters |
| 20 May 2026 | Financial Results | To consider and approve the financial results for the quarter and financial year ended March 31, 2026 |
| 4 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the quarter and nine-month period ended December 31, 2025 and other business matters |
| 13 Nov 2025 | Financial Results/Other business matters | To consider and approve the unaudited financial results for the period ended September 30, 2025 and other business matters |
| 13 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 1 Jul 2025 | Other business matters | To consider other business matters |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | 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 | 96 | 139 | 175 | 82 | 146 | 177 | 206 | 164 | 183 | 196 | 239 | 228 |
| Expenses | 85 | 124 | 148 | 74 | 123 | 153 | 185 | 140 | 152 | 163 | 207 | 196 |
| Operating Profit | 11 | 15 | 27 | 8 | 23 | 24 | 21 | 24 | 31 | 33 | 32 | 32 |
| OPM % | 12% | 11% | 15% | 10% | 16% | 14% | 10% | 15% | 17% | 17% | 14% | 14% |
| Other Income | 2 | 1 | 3 | 2 | 3 | 6 | 5 | 3 | 4 | 2 | 1 | 5 |
| Interest | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 11 | 14 | 27 | 8 | 24 | 29 | 24 | 25 | 33 | 34 | 32 | 34 |
| Tax % | 36% | 24% | 6% | 29% | 28% | 33% | 14% | 23% | 26% | 26% | 25% | 25% |
| Net Profit | 7 | 11 | 26 | 6 | 18 | 19 | 21 | 19 | 25 | 25 | 24 | 26 |
| EPS in Rs | 6.66 | 10.06 | 24.08 | 5.56 | 16.69 | 18.15 | 19.76 | 18.05 | 23.33 | 23.45 | 22.52 | 24.2 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 15%
- 5 Years
- 31%
- 3 Years
- 28%
- TTM
- 22%
- 10 Years
- 32%
- 5 Years
- 71%
- 3 Years
- 53%
- TTM
- 29%
- 10 Years
- 35%
- 5 Years
- 85%
- 3 Years
- 109%
- TTM
- —
- 10 Years
- 13%
- 5 Years
- 23%
- 3 Years
- 26%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Indo Tech Transformers | ₹ 2,811.00 | ₹ 2,838 Cr. | 28.6x | 7.6x | 28% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 114.8x | 17.9x | 20.4% | 9.6% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
Management
- Ricardo Suarez Garza
- Additional Chairman of the Board
- M. Purushothaman ..
- Chief Executive Officer, Additional Whole-Time Director
- C. P SaiKrishnan
- Chief Financial Officer
- Dayanand Ramakrishan
- Chief Operating Officer
- Karthick D.
- Compliance Officer
- N. Nambi Rajan
- Financial Controller
- Shiva Prasad Padhy
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.