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 ₹ 1,433 Cr.
- Current Price ₹ 1,350
- High / Low ₹ 2,790 / 1,139
- Stock P/E 16.0
- 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 77.2% 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 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 | 749 | |
| 109 | 166 | 191 | 152 | 221 | 215 | 203 | 195 | 258 | 335 | 435 | 527 | 641 | |
| Operating Profit | -15 | -9 | -1 | -3 | -1 | -2 | 2 | 11 | 22 | 36 | 68 | 85 | 109 |
| 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 | 14 | |
| 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 | 116 |
| 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 | 90 | |
| 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 | 84.59 |
| 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: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 102% |
| 3 Years: | 74% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 67% |
| 3 Years: | 85% |
| 1 Year: | -48% |
| 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
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23h - Of newspaper publication on financial results in Financial Express and Makkal Kural dated February 06, 2026
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Intimation Of Financial Results For The Quarter And Nine Month Ended December 31, 2025
2d - Indo-Tech approved unaudited standalone results for quarter and nine months ended Dec 31, 2025; limited review attached.
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Board Meeting Outcome for Intimation Of Financial Results For The Quarter And Nine Month Period Ended December 31, 2025
2d - Unaudited standalone Q3 and nine-month results for period ended Dec 31, 2025; limited review enclosed.
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Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results For The Quarter And Nine-Month Period Ended 31 December, 2025 And Other Business Matters
27 Jan - Board meeting on 4 Feb 2026 to approve Q3/9M unaudited results for period ended Dec 31, 2025.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
9 Jan - LOI for 6 transformers (220 kV, 165 MVA) from Renew Wind Energy; value INR64.99 Crore; delivery Feb–May 2027.
Annual reports
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Financial Year 2025
from bse
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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
from nse
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Financial Year 2012
from bse
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]