Atlanta Electricals Ltd
Incorporated in 1983, Atlanta Electricals Ltd is in the business of supplying a wide range of power transformers.[1]
- Market Cap ₹ 9,247 Cr.
- Current Price ₹ 1,203
- High / Low ₹ 1,277 / 708
- Stock P/E 63.8
- Book Value ₹ 102
- Dividend Yield 0.00 %
- ROCE 50.1 %
- ROE 41.0 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.5%
Cons
- Stock is trading at 12.0 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 391 | 595 | 874 | 868 | 1,244 | 1,515 | |
| 359 | 548 | 733 | 749 | 1,051 | 1,252 | |
| Operating Profit | 32 | 47 | 140 | 119 | 194 | 264 |
| OPM % | 8% | 8% | 16% | 14% | 16% | 17% |
| 2 | 2 | 3 | 4 | 6 | 10 | |
| Interest | 22 | 21 | 28 | 30 | 34 | 51 |
| Depreciation | 3 | 4 | 5 | 6 | 6 | 18 |
| Profit before tax | 9 | 24 | 110 | 87 | 159 | 204 |
| Tax % | 34% | 27% | 21% | 27% | 26% | |
| 7 | 17 | 87 | 64 | 119 | 144 | |
| EPS in Rs | 4.88 | 12.12 | 61.10 | 44.37 | 16.57 | 19.49 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| TTM: | 43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 90% |
| TTM: | 87% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 43% |
| Last Year: | 41% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 15 |
| Reserves | 72 | 90 | 151 | 214 | 336 | 767 |
| 56 | 76 | 74 | 49 | 146 | 362 | |
| 212 | 256 | 322 | 282 | 370 | 474 | |
| Total Liabilities | 355 | 436 | 561 | 559 | 866 | 1,618 |
| 47 | 47 | 47 | 65 | 76 | 471 | |
| CWIP | 1 | 0 | 3 | 12 | 113 | 29 |
| Investments | 0 | 0 | 1 | 1 | 1 | 13 |
| 306 | 389 | 510 | 482 | 676 | 1,104 | |
| Total Assets | 355 | 436 | 561 | 559 | 866 | 1,618 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 29 | -0 | 52 | 88 | 84 | |
| -14 | -5 | -18 | -36 | -141 | |
| -15 | 5 | -31 | -56 | 57 | |
| Net Cash Flow | -0 | -0 | 3 | -3 | 0 |
| Free Cash Flow | 20 | -3 | 45 | 56 | -30 |
| CFO/OP | 107% | 5% | 49% | 94% | 65% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 181 | 145 | 109 | 76 | 103 |
| Inventory Days | 84 | 89 | 107 | 137 | 86 |
| Days Payable | 232 | 192 | 160 | 137 | 124 |
| Cash Conversion Cycle | 33 | 42 | 56 | 76 | 65 |
| Working Capital Days | 23 | 40 | 29 | 48 | 51 |
| ROCE % | 28% | 66% | 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
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Certificate under Regulation 74(5) of SEBI(Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
1 Apr - PGCIL approved Atlanta's Vadod facility for up to 400 kV transformers, enabling entry into large EHV tenders.
- Closure of Trading Window 24 Mar
-
Receipt Of Regulatory Approval Of Conversion Of Subsidiary Company From Private Limited To Public Limited.
16 Mar - Atlanta Trafo Private Limited converted to Atlanta Trafo Limited effective 16 March 2026; remains wholly owned by Atlanta Electricals.
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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.
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