Voltamp Transformers
- Market cap
- ₹ 9,722 Cr.
- P/E
- 30.7x
- P/B
- 5.62x
- 52-week range
- 6,666 – 12,863
- ROE
- 17%
- ROCE
- 24%
- Dividend yield
- 1%
- Debt / equity
- 0
- Sector
- Electrical Equipment
- Industry
- Heavy Electrical Equipment
- Listed on
- NSE, BSE
About
Voltamp Transformers Limited is an India-based company, which is engaged in the manufacturing of electrical transformers. The Company designs and manufactures power and distribution as well as dry type vacuum pressure impregnated (VPI) and cast resin transformers. It is engaged in the manufacturing and supplying oil filled transformers, cast resin transformers, unitized substation, induction furnace transformers, lighting transformers, ring main unit and also providing sales after service relating to transformers. It has an installed facility to manufacture oil filled power and distribution transformers up to 160 megavolt-amperes (MVA), 220 kilovolt (KV) class. Its cast resin transformer products include VOLTAMP Cast Resin (Dry Type) Transformers and Vacuum Resin Impregnated Dry Type Transformers. The Company serves various industries, including utility, transportation, and infrastructure, data centers, electronics, food and beverage, gas and chemicals, cement and mining and metals.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Heavy Electrical Equipment: 51 companies →Voltamp 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)30.7 against a typical 30.4: pricier than most peers (1st = cheapest).26th of 50
- Sales growth+28.3% against a typical +23.8% from a year earlier.17th of 41
- Profit growth+13.8% against a typical +24.6% from a year earlier.23rd of 40
- Share price, 3 months+8.8% against a typical −8.5%.7th of 45
- Size₹ 9,722.5 Cr. market value against a typical ₹ 5,357.9 Cr. (1st = largest).18th of 47
Latest announcements
Exchange filings and their impact on the company.
- Voltamp starts its new Unit-III power transformer plant, adding ~10% revenue headroom for next year.
Voltamp Transformers has commenced commercial production from October 7, 2026 at its new state-of-the-art Unit-III plant for power transformers near Jarod, Vadodara, Gujarat. The project, which showed Rs 108 crore as capital work-in-progress in March 2026 and follows the July 2024 intimation, marks scale-up in higher-value power transformers. Funded from its debt-free, cash-rich balance sheet, the plant should add meaningful sales and new orders over the next 12 months, with some initial margin pressure during ramp-up.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA | Stable | 19 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 19 Aug 2026 | Reaffirmed | CARE AA / CARE A1+ → CARE AA | — | CARE | ₹ 292.5 Cr. | |
| 12 Aug 2025 | Reaffirmed | CARE AA / CARE A1+ | — | CARE | ₹ 292.5 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Voltamp TransformersAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results/Other business matters | To consider and approve the Unaudited Financial Results of the Company for the Quarter and Half Year ended on September 30, 2026. |
| 31 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 5 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve:1. Audited Financial Results of the Company for the Quarter and Financial Year ended March31, 2026.2. Annual Financial Statements of the Company for the Financial Year ended March 31, 2026.3. Recommendation of Dividend for the Financial Year 2025-26. |
| 5 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 8 Nov 2025 | Financial Results/Other business matters | Board Meeting Intimation for approval of the Unaudited Financial Results of the Company for the Quarter and Half year ended on September 30, 2025. |
| 29 Jul 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 3 May 2025 | Financial Results/Dividend | Meeting of the Board of Directors of the Company will be held on Saturday, May 03, 2025, inter alia, to consider the following:1. Approval of Audited Financial Results of the Company for the Quarter and Financial Year ended March 31, 2025.2. Approval of Annual Financial Statements of the Company for the Financial Year ended March 31, 2025.3. Recommendation of Dividend for the Financial Year 2024-25. |
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 | 381 | 408 | 504 | 428 | 398 | 484 | 625 | 424 | 483 | 630 | 617 | 544 |
| Expenses | 313 | 304 | 403 | 352 | 323 | 384 | 508 | 351 | 389 | 523 | 536 | 463 |
| Operating Profit | 69 | 105 | 101 | 76 | 75 | 99 | 116 | 73 | 94 | 108 | 81 | 80 |
| OPM % | 18% | 26% | 20% | 18% | 19% | 20% | 19% | 17% | 19% | 17% | 13% | 15% |
| Other Income | 18 | 25 | 23 | 29 | 32 | 7 | 17 | 36 | 15 | 26 | −10 | 42 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 4 |
| Profit before tax | 84 | 126 | 119 | 101 | 104 | 102 | 129 | 105 | 104 | 130 | 67 | 118 |
| Tax % | 18% | 25% | 22% | 22% | 27% | 28% | 25% | 24% | 24% | 24% | 29% | 23% |
| Net Profit | 68 | 95 | 94 | 79 | 76 | 73 | 97 | 80 | 79 | 99 | 48 | 91 |
| EPS in Rs | 67.65 | 93.51 | 92.45 | 78.52 | 74.86 | 72.55 | 95.71 | 78.63 | 77.94 | 97.93 | 47.35 | 90.16 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 14%
- 5 Years
- 25%
- 3 Years
- 16%
- TTM
- 18%
- 10 Years
- 23%
- 5 Years
- 26%
- 3 Years
- 14%
- TTM
- −3%
- 10 Years
- 30%
- 5 Years
- 51%
- 3 Years
- 25%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 20%
- 3 Years
- 21%
- 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.
| Voltamp Transformers | ₹ 10,351.00 | ₹ 9,722 Cr. | 30.7x | 5.6x | 17% | — |
| 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
- Kanubhai Somabhai Patel
- Chairman of the Board, Managing Director
- Kunjalbhai Lalitkumar Patel
- Vice Chairman of the Board, Managing Director
- Shailesh P. Prajapati
- Chief Financial Officer
- Sanket Kanubhai Rathod
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.