Star Delta Transformers Ltd
Incorporated in 1980, Star Delta Transformers Ltd is a manufacturer and distributor of power transformers[1]
- Market Cap ₹ 179 Cr.
- Current Price ₹ 598
- High / Low ₹ 1,030 / 482
- Stock P/E 15.7
- Book Value ₹ 302
- Dividend Yield 0.00 %
- ROCE 18.8 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.4% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.3% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 51 | 73 | 61 | 58 | 108 | 65 | 18 | 31 | 71 | 140 | 142 | 144 | |
| 59 | 47 | 68 | 55 | 54 | 99 | 61 | 19 | 29 | 66 | 127 | 127 | 129 | |
| Operating Profit | 5 | 4 | 5 | 5 | 4 | 9 | 5 | -0 | 2 | 5 | 13 | 15 | 15 |
| OPM % | 8% | 7% | 6% | 8% | 7% | 8% | 7% | -2% | 5% | 8% | 9% | 10% | 10% |
| 0 | 1 | 2 | 2 | 1 | 1 | 2 | 4 | 5 | 4 | 4 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 3 | 2 | 5 | 5 | 3 | 8 | 6 | 2 | 5 | 8 | 15 | 14 | 15 |
| Tax % | 1% | 24% | 34% | 36% | 33% | 26% | 22% | 27% | 30% | 25% | 26% | 26% | |
| 3 | 2 | 3 | 3 | 2 | 6 | 4 | 2 | 4 | 6 | 11 | 11 | 11 | |
| EPS in Rs | 10.20 | 5.60 | 10.53 | 10.73 | 7.27 | 18.70 | 14.63 | 5.90 | 12.17 | 19.20 | 37.06 | 35.43 | 38.13 |
| Dividend Payout % | 5% | 9% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 66% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 19% |
| 3 Years: | 43% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 50% |
| 3 Years: | 70% |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 10% |
| 3 Years: | 13% |
| Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 28 | 30 | 33 | 36 | 38 | 44 | 48 | 50 | 54 | 60 | 71 | 81 | 88 |
| 14 | 3 | 6 | 4 | 6 | 3 | 1 | 1 | 1 | 3 | 2 | 2 | 6 | |
| 8 | 10 | 5 | 6 | 14 | 12 | 4 | 3 | 2 | 21 | 10 | 7 | 24 | |
| Total Liabilities | 54 | 45 | 47 | 49 | 62 | 61 | 57 | 58 | 60 | 86 | 86 | 94 | 120 |
| 10 | 9 | 9 | 8 | 8 | 8 | 7 | 6 | 6 | 5 | 5 | 6 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 44 | 36 | 38 | 41 | 54 | 54 | 49 | 51 | 54 | 81 | 81 | 88 | 114 | |
| Total Assets | 54 | 45 | 47 | 49 | 62 | 61 | 57 | 58 | 60 | 86 | 86 | 94 | 120 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1 | 8 | -4 | 5 | -5 | 9 | -0 | -3 | 3 | -16 | -7 | 3 | |
| 0 | 1 | 0 | 0 | 1 | -1 | 2 | 4 | 3 | 6 | 11 | 1 | |
| 8 | -13 | 2 | -2 | 1 | -5 | -2 | -0 | -0 | 1 | -2 | -1 | |
| Net Cash Flow | 7 | -5 | -2 | 3 | -3 | 4 | 0 | 1 | 5 | -10 | 2 | 4 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70 | 112 | 108 | 146 | 130 | 56 | 75 | 193 | 116 | 172 | 88 | 113 |
| Inventory Days | 122 | 121 | 65 | 56 | 209 | 119 | 34 | 217 | 102 | 124 | 88 | 79 |
| Days Payable | 40 | 21 | 9 | 11 | 94 | 12 | 12 | 28 | 5 | 114 | 26 | 13 |
| Cash Conversion Cycle | 151 | 213 | 165 | 190 | 245 | 163 | 97 | 382 | 213 | 182 | 151 | 178 |
| Working Capital Days | 92 | 165 | 140 | 165 | 205 | 114 | 211 | 796 | 460 | 271 | 158 | 172 |
| ROCE % | 11% | 8% | 16% | 14% | 10% | 17% | 12% | 5% | 10% | 14% | 23% | 19% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Newspaper publication of Financial Results for 2nd Quarter and Half Year ended on 30th September, 2025 of Star Delta Transformers Ltd.
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Disclosure Under Regulation 23(9) Of SEBI LODR Regulation - Related Party Transaction Report For Half Year Ended 30Th September 2025.
14 Nov - Related-party transactions disclosure for half-year ended Sep 30, 2025; total Rs.6,79,39,537; loans and director remuneration.
-
Board Meeting Outcome for Financial Results Of 2Nd Quarter And Half Year Ended 30Th September 2025.
14 Nov - Board approved unaudited Q2/H1 results (Sept 30, 2025): H1 revenue Rs 7,504.93L, H1 profit Rs 624.40L.
-
Financial Results For 2Nd Quarter And Half Year Ended 30Th September 2025.
14 Nov - Approved unaudited Q2/H1 results: H1 revenue Rs7,504.93 lakh; H1 profit Rs624.40 lakh; limited review noted.
-
Board Meeting Intimation for Intimation For Holding 73Rd Board Meeting Of Star Delta Transformers Ltd.
10 Nov - Board meeting Nov 14, 2025 to approve unaudited Q2/H1 results for Sep 30, 2025; trading window closed.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
SDTL is an ISO 9001-2008 certified
multi product and service organization
which does manufacturing, supplying,
erecting, testing and commissioning of
Power and Distribution transformers
along with special purpose transformers.
It also specializes in Special/Custom type transformers like Auto, Converter, Earthing, Furnace, Generator, Instrument, Rectifier, Traction and other custom built Transformers. Company’s products are manufactured in accordance with IEC–76, BS-171 & IS-2026, transformer up to 16MVA was type tested at CPRI