ATLANTAELE

Atlanta Electricals share price & financials

Price
₹1,698.3
Market cap
₹12.2k Cr
Sector
Capital Goods
Calls analysed
5
Latest concall · Q1 FY27 · call held 22 Jul 2026

Atlanta Electricals Limited Q1 FY27

Revenue from Operations ₹466.33 cr +48%EBITDA ₹77.1 cr +58%EBITDA Margin 16.5% Profit After Tax ₹46.84 cr +50%

What went well

  • Consolidated revenue grew 48% year-on-year to INR466.33 crores, driven by volume and new manufacturing facilities.
  • EBITDA increased 58.1% year-on-year to INR77.10 crores, with margin expanding to 16.5% from 15.5% in Q1 FY26.
  • Profit after tax grew 50.4% year-on-year to INR46.84 crores, and EPS increased 40% to 6.09 per share.

What to watch

  • Revenue declined 37.6% quarter-on-quarter, and EBITDA margin normalized from 20% in Q4 FY26 to 16.5% in Q1 FY27, reflecting the seasonal softness of Q1.
  • Raw material prices continue to witness upward pressure due to geopolitical environment, expected to persist in coming quarters, though costs are being passed on.
Read the full call →

What Atlanta Electricals Limited does

Atlanta Electricals designs and manufactures power, auto, inverter-duty, furnace, generator and special-duty transformers ranging from 5 MVA/11 kV to 500 MVA/765 kV, supplying state and national electricity grids, private utilities, renewable energy developers and EPC companies across India. It operates five manufacturing facilities in Gujarat and Karnataka, including the Vadod plant and the wholly-owned subsidiary Atlanta Trafo (formerly BTW Atlanta, built by Baoding Tianwei Baobian Electric), which extends its product range toward 765 kV/1,200 kV-capable transformers. Revenue is earned by supplying custom-engineered transformers tailored to customer specifications for utilities, industrial facilities, commercial buildings, renewable energy installations and electrochemical industries, and the company has begun securing regulatory approvals to enter the extra-high-voltage (400 kV/765 kV) segment.

Segments

  • Power Transformers
  • Auto Transformers
  • Inverter Duty Transformers
  • Others (Furnace, Generator, Special Duty)
Installed manufacturing capacity
63,060 MVA across 5 facilities
Manufacturing facilities
5 facilities across Gujarat and Karnataka (Anand Unit I & II, Bangalore, Vadod, Atlanta Trafo)
Product voltage/rating range
5 MVA/11 kV up to 500 MVA/765 kV
Cumulative transformers supplied
4,858 transformers totalling 1,16,936 MVA
Geographic sales presence
19 states and 3 union territories
Customer base
259 customers (FY26)
Employees 502 (March 2026) Company website

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 5 delivered 2 missed 11 open
  • Backward Integration Capex Start delivered said Q3 FY26 Promised: The backward integration projects are under planning stage as of now, and we intend to start the capex possibly by Q1 of next year. Q1 FY27: Management confirmed that capex for the tank and radiator facility has commenced, with INR 15-20 crores invested as of the earnings call date, meeting the Q1 FY27 start timeline.
  • EBITDA Margin revised down said Q4 FY26 Promised: But as of today, we maintain a standard that it's going to be stable. Q1 FY27: Management revised the FY27 EBITDA margin guidance downward to a range of 17-18%, from the previous 18-20% expectation. Q1 FY27 margin was 16.5%.
  • Revenue CAGR on track said Q4 FY26 Promised: Historically, we've been maintaining one stand that we would be growing at about 40% CAGR for next 3 years. Q1 FY27: Management reiterated the 40% CAGR target for the next 3 years. Q1 FY27 revenue growth of 48% YoY supports this trajectory.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 47.9%, net profit up 51.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue270 263 411 315 317 +17%472 +79%748 +82%466 +48%
EBITDA42 42 69 49 55 +31%91 +117%150 +117%77 +57%
Net profit27 22 45 31 25 −7%43 +95%102 +127%47 +52%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +115.9% 1Y

₹1.0k₹1.5k₹2.0kSept 25Nov 25Dec 25Feb 26Mar 26May 26Jun 26Jul 26Sept 26Q1 FY26 — 17 Oct 2025Q3 FY26 — 20 Jan 2026Q4 FY26 — 11 May 2026Q1 FY27 — 22 Jul 2026

1Y: ₹823.35 on 29 Sept 2025 → ₹1,777.8. High ₹2,151.5 (4 Jun 2026), low ₹716.3 (1 Feb 2026).

How the price took the results

close before → close after

Q1 FY27
−2.5%
22 Jul
Q4 FY26
+5.0%
11 May
Q3 FY26
−7.1%
20 Jan
Q1 FY26
−3.1%
17 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 48.9% a year over 1 year, FY25 to FY26. Operating margin widened to 18.6%.

Year endingFY25FY26
Revenue₹1.2k Cr₹1.9k Cr
Operating profit₹194 Cr₹345 Cr
Operating margin15.6%18.6%
Interest₹34 Cr₹57 Cr
Depreciation₹8 Cr₹26 Cr
Net profit₹119 Cr₹201 Cr
Net margin9.6%10.9%
Cash from operations₹84 Cr₹184 Cr
Free cash flow₹-30 Cr₹68 Cr
ROCE50.0%45.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹15 Cr₹15 Cr
Reserves₹72 Cr₹90 Cr₹151 Cr₹214 Cr₹767 Cr₹914 Cr
Borrowings₹56 Cr₹76 Cr₹74 Cr₹49 Cr₹362 Cr₹51 Cr
Other liabilities₹212 Cr₹256 Cr₹322 Cr₹282 Cr₹474 Cr₹529 Cr
Total liabilities₹355 Cr₹436 Cr₹561 Cr₹559 Cr₹1.6k Cr₹1.5k Cr
Fixed assets₹47 Cr₹47 Cr₹47 Cr₹65 Cr₹471 Cr₹507 Cr
Capital work in progress₹1 Cr₹0 Cr₹3 Cr₹12 Cr₹29 Cr₹30 Cr
Investments₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹13 Cr₹13 Cr
Other assets₹306 Cr₹389 Cr₹510 Cr₹482 Cr₹1.1k Cr₹959 Cr
Total assets₹355 Cr₹436 Cr₹561 Cr₹559 Cr₹1.6k Cr₹1.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Sep 2025, DIIs added +0.90 pp while the public trimmed −0.62 pp. The shareholder count shrank 50% to 41,899.

Promoters
87.3%
FIIs
1.9%
DIIs
4.8%
Public
6.0%

Since Sep 2025

  • DIIs +0.90 pp
  • Public −0.62 pp
  • FIIs −0.27 pp

How it drifted, 4 quarters

Sep '25Dec '25Jun '26

Ownership split by quarter, oldest first. Sep '25: Promoters 87.3%, FIIs 2.2%, DIIs 3.9%, Public 6.7%.Dec '25: Promoters 87.3%, FIIs 2.4%, DIIs 4.2%, Public 6.2%.Mar '26: Promoters 87.3%, FIIs 2.4%, DIIs 4.3%, Public 6.0%.Jun '26: Promoters 87.3%, FIIs 1.9%, DIIs 4.8%, Public 6.0%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Atlanta Electricals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Narharibhai S. Patel Family Trust 43.63%unchanged
Atlanta Uhv Transformers LLP 12.37%unchanged
Patel Niral 8.29%unchanged
Amish Krupeshbhai Patel 8.29%unchanged
Late Patel Krupeshbhai 7.68%unchanged
Patel Tanmay 7.01%unchanged
HSBC Mutual Fund - HSBC Midcap Fund Mutual fund1.81%newly disclosed
Shaileshbhai Ratilal Patel HUF 0.00%unchanged
Upendra Thakorbhai Patel HUF 0.00%unchanged
Patel Family Trustee Private Limited 0.00%unchanged
Niral Patel Family Trust 0.00%unchanged
Amish Patel Family Trust 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in ATLANTAELE

Filings to Jul 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −0.45 L shares (−6.7%).

Held by funds
₹97 Cr
1 schemes
Biggest holder
HDFC Manufacturing Fund
₹97 Cr · 0.9% of that fund
SchemeHoldingLast month
HDFC Manufacturing Fund HDFC Mutual Fund₹97 Cr−0.45 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

0 added, 1 trimmed — net −45,000 shares (−6.7%)

Funds are sitting on
+114%
vs est. average cost
Held by funds
₹97 Cr
1 schemes · ≈ 0.88% of the company

Shares held by these funds −42%

Sep '25 6.30 L shares Jul '26

What the price assumes

Attractive

To justify its price of ₹1778, this stock must grow earnings at 35% every year for 7 years. Our analysis caps realistic growth at ~65%. At that growth it is worth ₹6549 — upside of 268%.

Growth the price implies
35.1% a year
for 7 years, fading to 4%
It has actually compounded at
64.7% a year
net profit, FY25–FY26
The gap
-0.3 pp
268% downside if it only repeats history
Price today ₹1,777.8 Value at the reference growth ₹6,549.36

Change the assumptions yourself →

All earnings calls (4)

Read the Q1 FY27 call →

Learn to analyse Atlanta Electricals Limited

Guides on how to read this kind of business and the numbers that matter.