TD Power Systems

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• DebtHigh safetyRated AA- by CRISIL.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 72% and profit rose 72% from a year earlier.
• DilutionSmall dilutionIssued 89.9 lakh new shares in the last year (+3.3%), raising ₹675 Cr, partly to the promoters.
• PromotersSteadyThe promoters (founders or parent) own 27% of the company, about the same as in Jun 2025.
• ValuationExpensive vs its pastThe share trades at 84 times its yearly earnings (P/E), pricier than 94% of the time in the last 5 years. Its usual P/E is about 32.

TD Power Systems 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)84 against a typical 30.6: pricier than most peers (1st = cheapest).43rd of 50
• Sales growth+72% against a typical +23.8% from a year earlier.5th of 41
• Profit growth+72% against a typical +24.6% from a year earlier.11th of 40
• Share price, 3 months+39% against a typical −8.7%.2nd of 45
• Size₹ 20,091 Cr. market value against a typical ₹ 5,357.9 Cr. (1st = largest).11th of 47

Exchange filings and their impact on the company.

• 12 Oct 2026Qualified Institutional PlacementHigh impactPositivePrice −3.4% on 13 Oct
  TD Power allotted 77.4 lakh shares at Rs 775 to raise Rs 600 crore via QIP with only 2.5% dilution.

  TD Power Systems allotted 77,41,935 shares at Rs 775 per share to qualified institutional buyers, raising about Rs 600 crore. The issue opened on October 7 and closed on October 12, 2026 at a 0.05% discount to the floor price of Rs 775.35. Paid-up capital rose to 32.14 crore shares, implying about 2.5% dilution to fund future growth.

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• 12 Oct 2026General UpdatesHigh impactPositivePrice −3.4% on 13 Oct
  TD Power closed a Rs 600 cr QIP at Rs 775 with minimal discount, adding major growth capital for ~2.5% dilution.

  TD Power Systems closed its Qualified Institutional Placement on October 12, 2026, allocating 77,41,935 shares at Rs 775 per share to eligible institutional buyers. The issue price was at a 0.05% discount to the Rs 775.35 floor price and raised about Rs 600 crore. The funds significantly boost net worth and cash to support capacity expansion and growth with only about 2.5% equity dilution.

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• 7 Oct 2026General UpdatesMedium impactNeutralPrice −3.4% on 8 Oct
  TD Power opened its QIP at Rs 775.35 floor, ~2% below market, with final price and size still to be set.

  TD Power Systems opened its qualified institutional placement on October 07, 2026 after board approval on August 14 and shareholder approval on September 10. It fixed the floor price at Rs 775.35 per share, about 2% below the Rs 792 market price, with up to 5% discount permitted and final price to be set with the lead manager. The size, price and use of proceeds are not yet announced, so the near-term effect is mainly potential equity dilution and a stronger cash balance once allotted.

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• 7 Oct 2026UpdatesLow impactPositivePrice +0.6% that day
  Rs 75 cr promoter preferential issue now tradeable; 0.4% dilution with small balance-sheet boost.

  TD Power Systems received trading approval from BSE and NSE for 12.5 lakh shares allotted to promoters on a preferential basis at Rs 600 per share, worth Rs 75 crore. The shares are listed and admitted to trading from October 7, 2026. The infusion modestly strengthens the balance sheet with minimal dilution of about 0.4%.

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Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

M. N. Varalakshmi

Chief Financial Officer

Bharat Rajwani

Compliance Officer, Company Secretary

Nikhil Kumar

Managing Director, Executive Director