Atlanta Electricals Ltd
Incorporated in 1983, Atlanta Electricals Ltd is in the business of supplying a wide range of power transformers.[1]
- Market Cap ₹ 7,266 Cr.
- Current Price ₹ 945
- High / Low ₹ 1,098 / 781
- Stock P/E 59.6
- 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 9.24 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 | |
|---|---|---|---|---|---|---|
| 525 | 391 | 595 | 860 | 868 | 1,244 | |
| 483 | 359 | 548 | 745 | 749 | 1,051 | |
| Operating Profit | 42 | 32 | 47 | 115 | 119 | 194 |
| OPM % | 8% | 8% | 8% | 13% | 14% | 16% |
| 2 | 2 | 2 | 3 | 4 | 6 | |
| Interest | 23 | 22 | 21 | 27 | 30 | 34 |
| Depreciation | 3 | 3 | 4 | 4 | 6 | 6 |
| Profit before tax | 18 | 9 | 24 | 86 | 87 | 159 |
| Tax % | 28% | 34% | 27% | 26% | 27% | 26% |
| 13 | 6 | 17 | 64 | 63 | 119 | |
| EPS in Rs | 8.90 | 4.17 | 12.10 | 44.55 | 44.26 | 16.58 |
| 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% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 26 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Nov - Atlanta Electricals to attend Nuvama Emerging Ideas Investor Conference on 27 Dec 2025; public-information discussions.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
26 Nov - Received ₹297.71 crore GETCO orders for 25 transformers, announced Nov 26, 2025.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 Nov - Q2 FY26 transcript: Q2 revenue Rs317cr, H1 Rs632cr; order book Rs2,069cr; capacity 63,060 MVA; INR65cr capex.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
15 Nov - CARE Monitoring report: Rs400 crore IPO; Rs59.37 crore utilized, Rs340.64 crore unutilised as of Sept 30, 2025.
Annual reports
No data available.
Concalls
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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