Indo Tech Transformers share price & results
- Jun 2026
- Sept 2026
Tamil Nadu-based manufacturer of power, distribution and large power transformers for utilities and industry.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 228 | +39.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.0 | −1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 26.0 | +36.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 30.53 | +2.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 2.94 | −3.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 22.08 | +6.1 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +65.6% 1Y
1Y: ₹1,709.7 on 24 Oct 2025 → ₹2,830.6. High ₹3,902.5 (21 Aug 2026), low ₹1,104.9 (30 Mar 2026).
- Previous close
- ₹2,573.3
- Market cap
- ₹2.7k Cr
- 52-week range
- ₹1,104.9 – ₹3,902.5
- One year
- +68.47%
- Price to earnings (TTM to Jun 2026)
- 27.33×
- Return on equity (TTM to Jun 2026)
- 30.53%
Overview
- Symbol
- NSE:INDOTECH
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Indo Tech Transformers Limited does
Based on the company's own presentations, annual report and earnings calls.
Indo-Tech Transformers designs and manufactures power transformers, large power transformers, distribution transformers, skid-mounted substations, and inverter/convertor transformers for specialised applications, out of a single manufacturing facility in Kancheepuram, Tamil Nadu. Its products serve utilities, power distribution companies and industrial customers across power transmission and generation, renewable energy (hydro, wind, solar), and core industrial sectors such as steel, cement and textiles. It earns as a build-to-order transformer manufacturer, competing on engineering precision, in-house testing and turnkey execution for utility, industrial and EPC/renewable-energy customers. The company operates under the umbrella of its promoter/holding company, Shirdi Sai Electricals Limited, a transformer manufacturing and EPC group, drawing synergies such as joint procurement and shared lead generation.
- Manufacturing facility
- Single plant at Kancheepuram, Tamil Nadu
- Installed transformer capacity
- Being expanded in phases from 9,500 MVA to 16,000 MVA
- In-house testing laboratory
- NABL (ISO 17025) accredited, equipped for routine and special tests to national and international standards
- Transformer product lines
- 5 (Power, Large Power, Distribution Transformers, Skid-Mounted Substations, Inverter/Convertor Transformers)
- Industries served
- Power transmission & generation, renewables (hydro, wind, solar), steel, cement, textiles
- Promoter/holding company
- Shirdi Sai Electricals Limited — group with nearly three decades of transformer manufacturing and EPC experience
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +37% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 146 | 177 | 206 | 164 | 183 | 196 | 239 | 228 |
| Expenses | 123 | 153 | 185 | 140 | 152 | 163 | 207 | 196 |
| Operating profit | 23 | 24 | 21 | 24 | 31 | 33 | 32 | 32 |
| Operating margin | 16.0% | 14.0% | 10.0% | 15.0% | 17.0% | 17.0% | 14.0% | 14.0% |
| Other income | 3 | 6 | 5 | 3 | 4 | 2 | 1 | 5 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 24 | 29 | 24 | 25 | 33 | 34 | 32 | 34 |
| Tax rate | 28.0% | 33.0% | 14.0% | 23.0% | 26.0% | 26.0% | 25.0% | 25.0% |
| Net profit | 18 | 19 | 21 | 19 | 25 | 25 | 24 | 26 |
| EPS (₹ per share) | 16.69 | 18.15 | 19.76 | 18.05 | 23.33 | 23.45 | 22.52 | 24.20 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 372 | 503 | 611 | 782 |
| Expenses | 341 | 444 | 535 | 662 |
| Operating profit | 31 | 59 | 76 | 120 |
| Other income | 3 | 7 | 16 | 10 |
| Interest | 3 | 4 | 2 | 4 |
| Depreciation | 5 | 4 | 4 | 4 |
| Profit before tax | 25 | 57 | 85 | 124 |
| Net profit | 25 | 48 | 64 | 93 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 134 | 160 | 207 | 270 | 314 | 363 |
| Borrowings | 1 | 11 | 5 | 8 | 12 | 5 |
| Other liabilities | 94 | 121 | 164 | 150 | 174 | 178 |
| Total liabilities | 240 | 303 | 386 | 438 | 510 | 557 |
| Fixed assets | 41 | 44 | 49 | 50 | 51 | 75 |
| Capital work in progress | 1 | 1 | 0 | 6 | 11 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 197 | 258 | 337 | 383 | 448 | 470 |
| Total assets | 240 | 303 | 386 | 438 | 510 | 557 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 8 | 22 | -4 | 32 | 55 | 57 |
| Cash from investing | -3 | -9 | -15 | -12 | -18 | -53 |
| Cash from financing | 0 | 0 | 9 | -8 | 1 | -5 |
| Net cash flow | 5 | 13 | -9 | 12 | 39 | -1 |
| Free cash flow | 7 | 18 | -12 | 24 | 40 | 23 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 123 | 106 | 127 | 101 | 73 | 56 |
| Inventory days | 92 | 98 | 102 | 126 | 114 | 131 |
| Days payable | 96 | 130 | 123 | 88 | 40 | 38 |
| Cash conversion cycle | 118 | 75 | 106 | 139 | 147 | 149 |
| Working capital days | 112 | 74 | 80 | 79 | 73 | 75 |
| Return on capital employed | 7.0% | 14.0% | 21.0% | 34.0% | 38.0% | 40.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 11.0% |
What the price assumes
AttractiveTo justify its price of ₹2831, this stock must grow earnings at 22% every year for 7 years. Our analysis caps realistic growth at ~53%. At that growth it is worth ₹12589 — upside of 345%.
- Growth the price implies
- 21.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 54.9% a year
- net profit, FY23–FY26 · EPS 53.4%
- The gap
- -0.3 pp
- 345% downside if it only repeats history
Ownership
Who owns it
Promoters hold 70.29% as of Sept 2026; institutions added 0.51 pts since Jun 2026.
- Promoters 70.29%
- Foreign institutions 0.56%
- Domestic institutions 0.28%
- Public 28.86%
Who is on the register
Named in the Sep 2026 filing
Every holder of Indo Tech Transformers Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 70.29% | −1.89 pp |
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.
Your own record
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