Indo Tech Transformers Ltd
Indo Tech Transformers Ltd. is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile substation transformers and substations. [1]
- Market Cap ₹ 2,011 Cr.
- Current Price ₹ 1,893
- High / Low ₹ 3,793 / 1,525
- Stock P/E 23.9
- Book Value ₹ 306
- Dividend Yield 0.00 %
- ROCE 37.8 %
- ROE 25.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 102% CAGR over last 5 years
- Debtor days have improved from 100 to 73.1 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoters have pledged or encumbered 80.3% of their holding.
* 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 SmallCap BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 9m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 94 | 157 | 190 | 149 | 220 | 213 | 205 | 206 | 280 | 371 | 503 | 612 | 730 | |
| 109 | 166 | 191 | 152 | 221 | 215 | 203 | 195 | 258 | 335 | 435 | 527 | 630 | |
| Operating Profit | -15 | -9 | -1 | -3 | -1 | -2 | 2 | 11 | 22 | 36 | 68 | 85 | 100 |
| OPM % | -16% | -6% | -0% | -2% | -1% | -1% | 1% | 5% | 8% | 10% | 14% | 14% | 14% |
| 11 | 17 | 13 | 2 | 5 | 1 | 5 | 3 | 2 | 3 | 7 | 16 | 19 | |
| Interest | 12 | 6 | 2 | 3 | 2 | 2 | 2 | 3 | 7 | 8 | 12 | 11 | 2 |
| Depreciation | 3 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 5 |
| Profit before tax | -19 | -4 | 4 | -9 | -4 | -8 | 0 | 6 | 12 | 26 | 57 | 86 | 111 |
| Tax % | 0% | 0% | 0% | 24% | 0% | 0% | -1,820% | 1% | 2% | 0% | 18% | 26% | |
| -19 | -4 | 4 | -11 | -4 | -8 | 2 | 6 | 12 | 26 | 47 | 64 | 84 | |
| EPS in Rs | -17.70 | -3.52 | 3.79 | -10.61 | -3.47 | -7.90 | 1.81 | 5.92 | 11.48 | 24.20 | 44.12 | 60.15 | 79.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 24% |
| 3 Years: | 30% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 102% |
| 3 Years: | 74% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 84% |
| 3 Years: | 110% |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 18% |
| 3 Years: | 23% |
| Last Year: | 26% |
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 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | -4 | 140 | 144 | 128 | 123 | 115 | 116 | 123 | 134 | 160 | 207 | 270 | 314 |
| 125 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 5 | 8 | 12 | |
| 52 | 57 | 59 | 64 | 75 | 69 | 77 | 55 | 94 | 121 | 164 | 150 | 174 | |
| Total Liabilities | 184 | 207 | 214 | 202 | 209 | 195 | 203 | 188 | 240 | 303 | 386 | 438 | 510 |
| 71 | 66 | 62 | 54 | 50 | 52 | 48 | 44 | 41 | 44 | 49 | 50 | 51 | |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 6 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 112 | 141 | 152 | 148 | 159 | 143 | 155 | 144 | 197 | 258 | 337 | 383 | 448 | |
| Total Assets | 184 | 207 | 214 | 202 | 209 | 195 | 203 | 188 | 240 | 303 | 386 | 438 | 510 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -32 | -13 | -3 | -12 | 4 | 17 | -14 | 8 | 22 | -4 | 32 | 56 | |
| -3 | -0 | 8 | -1 | -1 | -1 | -2 | -3 | -9 | -15 | -12 | -18 | |
| 34 | 19 | 0 | -1 | -0 | -0 | -0 | -0 | -0 | 9 | -8 | 1 | |
| Net Cash Flow | -1 | 5 | 6 | -14 | 2 | 16 | -16 | 5 | 13 | -9 | 12 | 39 |
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 | 172 | 121 | 124 | 146 | 132 | 106 | 131 | 123 | 106 | 127 | 101 | 73 |
| Inventory Days | 151 | 117 | 88 | 162 | 91 | 79 | 113 | 92 | 98 | 102 | 126 | 114 |
| Days Payable | 148 | 97 | 101 | 127 | 116 | 101 | 134 | 96 | 130 | 123 | 88 | 52 |
| Cash Conversion Cycle | 176 | 141 | 111 | 181 | 107 | 84 | 110 | 118 | 75 | 106 | 139 | 135 |
| Working Capital Days | -306 | 150 | 123 | 168 | 110 | 67 | 105 | 112 | 74 | 80 | 79 | 73 |
| ROCE % | 1% | -3% | -4% | -1% | -5% | 2% | 7% | 14% | 21% | 34% | 38% |
Documents
Announcements
- Revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 56s
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Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
3m - Promoter to pledge 2,761,200 Indo-Tech shares (26%) as security for up to Rs600Cr NCDs and Rs150Cr OCDs.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
15h - Board approved additional INR 25 Crore CAPEX; total INR 100 Crore to raise capacity to 20,000 MVA by March 2027.
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Intimation Of Board Meeting Outcome And Unaudited Financial Results For The Quarter Ended Sept 30, 2025
17h - Unaudited standalone Q2/H1 results ended Sep 30, 2025: Q2 revenue ₹18,286 lakh; H1 PAT ₹4,395 lakh.
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Intimation Of Unaudited Financial Results For The Quarter And Half Year Ended Sept 30, 2025
19h - Approved Q2/H1 Sep-30,2025 results: revenue Rs18,286L; Q2 PAT Rs2,478L; H1 PAT Rs4,395L; committee reconstituted.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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 2012
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Company Overview
Indo Tech offers a wide array of transformer solutions, including Transformers, large power transformers, distribution transformers, and skid-mounted substations. It also manufactures inverters and converter transformers designed for special applications. It serves diverse industries, ranging from power and energy to steel, cement, textiles, and renewable energy sectors, including hydro, wind, and solar. [1]