Star Delta Transformers Ltd
Incorporated in 1980, Star Delta Transformers Ltd is a manufacturer and distributor of power transformers[1]
- Market Cap ₹ 183 Cr.
- Current Price ₹ 611
- High / Low ₹ 820 / 393
- Stock P/E 16.2
- Book Value ₹ 302
- Dividend Yield 0.00 %
- ROCE 18.8 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- 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.
- Promoter holding has decreased over last 3 years: -3.30%
* 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 | 164 | |
| 59 | 47 | 68 | 55 | 54 | 99 | 61 | 19 | 29 | 66 | 127 | 127 | 149 | |
| 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% | 9% |
| 0 | 1 | 2 | 2 | 1 | 1 | 2 | 4 | 5 | 4 | 4 | 1 | 2 | |
| 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 | 37.87 |
| 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: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 19% |
| 3 Years: | 43% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 48% |
| 3 Years: | 30% |
| 1 Year: | -18% |
| 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 |
| Free Cash Flow | -1 | 8 | -4 | 5 | -5 | 9 | -0 | -3 | 3 | -17 | -8 | 1 |
| CFO/OP | -3% | 228% | -44% | 129% | -65% | 133% | 34% | 826% | 238% | -273% | -23% | 48% |
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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Electricity Consumption per MVA Produced Units/MVA |
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| Production Volume - Transformers MVA |
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| Solar Power Production Units |
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| Installed Manufacturing Capacity (Transformers) MVA per shift per annum |
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| Order Book Value Rs Crore |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
16h - Filed Annual Secretarial Compliance Report for FY ended March 31, 2026; noted one 30-minute disclosure delay.
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Corporate Action-Board to consider Dividend
26 May - Board meeting postponed to 30 May 2026 to approve FY26 audited results and consider final dividend.
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Update on board meeting
26 May - 76th board meeting postponed to May 30, 2026 to approve FY26 audited results and consider final dividend.
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Board Meeting Intimation for Consideration And Approval Of The Audited Standalone Financial Results Of The Company For The 4Th Quarter And Financial Year Ended March 31St, 2026 And To Consider And Recommend The Final Dividend, If Any, On Equity Shares.
23 May - Board meeting on May 27, 2026 to approve FY26 audited results and consider final dividend.
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Corporate Action-Board to consider Dividend
23 May - Board meeting on May 27, 2026 to approve FY26 audited results and consider final dividend.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
from bse
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