Atlanta Electricals Ltd
Incorporated in 1983, Atlanta Electricals Ltd is in the business of supplying a wide range of power transformers.[1]
- Market Cap ₹ 7,586 Cr.
- Current Price ₹ 984
- High / Low ₹ 1,098 / 708
- Stock P/E 48.6
- Book Value ₹ 102
- Dividend Yield 0.00 %
- ROCE 50.2 %
- ROE 40.8 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 56.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.2%
Cons
- Stock is trading at 9.62 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 525 | 391 | 595 | 860 | 868 | 1,244 | 1,515 | |
| 483 | 359 | 548 | 745 | 749 | 1,051 | 1,248 | |
| Operating Profit | 42 | 32 | 47 | 115 | 119 | 194 | 267 |
| OPM % | 8% | 8% | 8% | 13% | 14% | 16% | 18% |
| 2 | 2 | 2 | 3 | 4 | 6 | 12 | |
| Interest | 23 | 22 | 21 | 27 | 30 | 34 | 51 |
| Depreciation | 3 | 3 | 4 | 4 | 6 | 6 | 12 |
| Profit before tax | 18 | 9 | 24 | 86 | 87 | 159 | 216 |
| Tax % | 28% | 34% | 27% | 26% | 27% | 26% | |
| 13 | 6 | 17 | 64 | 63 | 119 | 155 | |
| EPS in Rs | 8.90 | 4.17 | 12.10 | 44.55 | 44.26 | 16.58 | 20.95 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 28% |
| TTM: | 43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 90% |
| TTM: | 87% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 39% |
| Last Year: | 41% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 15 |
| Reserves | 67 | 73 | 90 | 154 | 217 | 336 | 770 |
| 65 | 56 | 76 | 73 | 49 | 141 | 362 | |
| 234 | 211 | 256 | 319 | 280 | 375 | 451 | |
| Total Liabilities | 380 | 355 | 436 | 560 | 560 | 866 | 1,599 |
| 38 | 47 | 47 | 46 | 65 | 76 | 215 | |
| CWIP | 7 | 1 | 0 | 3 | 12 | 113 | 29 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 276 |
| 336 | 306 | 389 | 510 | 482 | 676 | 1,079 | |
| Total Assets | 380 | 355 | 436 | 560 | 560 | 866 | 1,599 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 29 | -0 | 42 | 74 | 86 | ||
| -14 | -5 | -22 | -21 | -144 | ||
| -15 | 5 | -17 | -56 | 57 | ||
| Net Cash Flow | -0 | -0 | 3 | -3 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 140 | 181 | 145 | 111 | 76 | 103 |
| Inventory Days | 86 | 84 | 89 | 109 | 137 | 86 |
| Days Payable | 189 | 232 | 192 | 163 | 137 | 124 |
| Cash Conversion Cycle | 37 | 33 | 42 | 57 | 76 | 65 |
| Working Capital Days | 21 | 23 | 40 | 30 | 49 | 51 |
| ROCE % | 21% | 28% | 54% | 45% | 50% |
Insights
In beta| Mar 2023 | Jun 2024 | Dec 2025 | |
|---|---|---|---|
| Total Installed Capacity MVA |
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| Order Book INR Crores |
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| Number of Customers Units |
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| Production Volume MVA |
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| Total Capacity Supplied (Cumulative) MVA |
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| Total Transformers Supplied (Cumulative) Units |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9 Mar - Plant visits for analysts/investors on 12-13 Mar 2026; no UPSI, discussions on public information.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On 3Rd March, 2026
3 Mar - Board approved conversion of Atlanta Trafo Pvt Ltd to public company on 03 March 2026.
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Board Meeting Intimation for To Consider And Approve The Conversion Of Atlanta Trafo Private Limited, A Wholly Owned Subsidiary Of The Company, From A Private Limited Company To A Public Limited Company, And To Transact Other Business Matters As May Be Placed Before The Board
26 Feb - Board meeting on 3 March 2026 to consider converting Atlanta Trafo Pvt Ltd to a public company.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 Feb - Monitoring Agency confirms IPO proceeds utilization of Rs.400cr (Q2 ended Dec 31, 2025); Rs.25.26cr unutilized, no deviations
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Feb - Management to meet analysts on 18 February 2026, in-person Mumbai meeting; no UPSI discussed.
Annual reports
No data available.
Concalls
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Oct 2025Transcript PPT REC
Business Overview:[1][2]
AEL is a manufacturer of power, auto, and inverter duty transformers in India. It is among the few companies in India that manufactures transformers up to and including 200 Mega Volt-Amp capacity and with 220 kilovolts voltage. As of March 31st, 2025, it has a customer base in 19 states and 3 union territories, with a supply of 4,400 transformers, aggregating to 94,000 MVA to various state and national electricity grids,
private sector players and renewable energy generation projects, and construction companies