Raksan Transformers Ltd
Incorporated in July 1995, Raksan
Transformers Limited is an ISO 9001
:2015 certified manufacturer of the
transformers across different voltage
ratings.[1]
- Market Cap ₹ 599 Cr.
- Current Price ₹ 287
- High / Low ₹ 287 / 261
- Stock P/E 18.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 55.4 %
- ROE 54.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 243% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 53.3%
Cons
- Company might be capitalizing the interest cost
- Debtor days have increased from 59.4 to 73.7 days.
* 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
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 34 | 72 | 161 | 324 | 363 | |
| 33 | 66 | 150 | 294 | 316 | |
| Operating Profit | 1 | 6 | 11 | 30 | 47 |
| OPM % | 2.6% | 8% | 7% | 9% | 13% |
| 1 | 1 | 1 | 0 | 1 | |
| Interest | 1 | 2 | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 5 | 11 | 27 | 45 |
| Tax % | 72% | 30% | 31% | 24% | 26% |
| 0 | 3 | 7 | 21 | 33 | |
| EPS in Rs | 0.81 | 40.00 | 84.27 | 239.34 | 20.24 |
| Dividend Payout % | 0% | 0% | 0% | 1% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 72% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 243% |
| 3 Years: | 113% |
| TTM: | 60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 53% |
| Last Year: | 55% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.87 | 0.87 | 0.87 | 0.87 | 16 |
| Reserves | 11 | 16 | 23 | 44 | 61 |
| 9 | 6 | 10 | 24 | 21 | |
| 18 | 20 | 34 | 50 | 57 | |
| Total Liabilities | 39 | 42 | 67 | 118 | 155 |
| 6 | 6 | 8 | 32 | 40 | |
| CWIP | 0 | 0 | 0 | 3 | 4 |
| Investments | 1 | 1 | 1 | 1 | 2 |
| 33 | 35 | 58 | 82 | 110 | |
| Total Assets | 39 | 42 | 67 | 118 | 155 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0 | 6 | 7 | 5 | 15 | |
| 5 | -0 | -7 | -23 | -11 | |
| 3 | -7 | 4 | 13 | -4 | |
| Net Cash Flow | 9 | -2 | 4 | -5 | -0 |
| Free Cash Flow | 0 | 5 | 5 | -22 | 5 |
| CFO/OP | 50% | 93% | 67% | 18% | 32% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 107 | 78 | 46 | 59 | 74 |
| Inventory Days | 157 | 72 | 51 | 29 | 32 |
| Days Payable | 172 | 76 | 70 | 57 | 55 |
| Cash Conversion Cycle | 92 | 74 | 27 | 30 | 52 |
| Working Capital Days | -22 | 20 | 2 | 13 | 33 |
| ROCE % | 43% | 58% | 55% |
Business Overview:[1]
Raksan Transformers Limited is an
ISO 9001:2015-certified manufacturer
of transformers across different voltage
ratings. It entered transformer manufacturing
in FY06 and subsequently established a second manufacturing facility to cater to rising demand. The company has also implemented backward integration through its group company, SHR Powers Private Limited, which manufactures transformer tanks/bodies, helping reduce the dependence on external suppliers and improve cost and supply-chain control.