Indo Tech Transformers Ltd

Indo Tech Transformers Ltd

₹ 1,777 -5.68%
26 Apr 11:11 a.m.
About

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]

Key Points

Product Profile
The Co manufactures transformers which are used to transfer electricity from one circuit to another with changing voltage level but no frequency change. The Co is increasingly focusing on 220 KV class Transmission equipment due to enhanced focus of Govt on power generation from renewable sources. [1]

  • Market Cap 1,887 Cr.
  • Current Price 1,777
  • High / Low 2,007 / 192
  • Stock P/E 46.5
  • Book Value 170
  • Dividend Yield 0.00 %
  • ROCE 20.8 %
  • ROE 16.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 54.7% CAGR over last 5 years

Cons

  • Stock is trading at 10.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.4% over last 3 years.
  • Promoters have pledged 58.8% 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
54 97 23 76 82 99 54 89 84 145 93 96 139
52 84 28 70 74 92 52 87 79 123 87 85 124
Operating Profit 2 13 -5 6 8 8 2 2 5 22 6 11 15
OPM % 4% 13% -22% 8% 10% 8% 4% 2% 6% 15% 6% 12% 11%
0 2 1 0 0 1 1 1 0 1 1 2 1
Interest 0 0 0 0 0 1 1 0 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 2 1 1 1
Profit before tax 1 14 -5 5 6 6 1 1 4 19 5 11 14
Tax % 0% 1% 0% 0% 0% 5% 0% 0% 0% 0% 30% 36% 24%
1 14 -5 5 6 6 1 1 4 19 4 7 11
EPS in Rs 0.90 12.86 -5.15 4.80 6.12 5.71 1.16 1.25 3.62 18.17 3.33 6.66 10.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
115 114 94 157 190 149 220 213 205 206 280 371 473
147 153 109 166 191 152 221 215 203 195 258 335 419
Operating Profit -32 -39 -15 -9 -1 -3 -1 -2 2 11 22 36 54
OPM % -28% -34% -16% -6% -0% -2% -1% -1% 1% 5% 8% 10% 11%
1 1 11 17 13 2 5 1 5 3 2 3 5
Interest 5 8 12 6 2 3 2 2 2 3 7 8 4
Depreciation 4 5 3 5 5 5 5 5 5 5 5 5 6
Profit before tax -40 -50 -19 -4 4 -9 -4 -8 0 6 12 26 50
Tax % 0% 0% 0% 0% 0% -24% 0% 0% -1,820% 1% 2% 0%
-40 -50 -19 -4 4 -11 -4 -8 2 6 12 26 41
EPS in Rs -37.65 -47.25 -17.70 -3.52 3.79 -10.61 -3.47 -7.90 1.81 5.92 11.48 24.20 38.22
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 22%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: 55%
3 Years: 137%
TTM: 226%
Stock Price CAGR
10 Years: 36%
5 Years: 78%
3 Years: 169%
1 Year: 821%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 10%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 64 14 -4 140 144 128 123 115 116 123 134 160 170
53 81 125 0 0 0 0 0 0 0 1 11 5
48 72 52 57 59 64 75 69 77 55 94 121 154
Total Liabilities 176 177 184 207 214 202 209 195 203 188 240 303 340
77 73 71 66 62 54 50 52 48 44 41 44 48
CWIP 1 2 1 0 0 0 0 0 0 0 1 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
98 102 112 141 152 148 159 143 155 144 197 258 291
Total Assets 176 177 184 207 214 202 209 195 203 188 240 303 340

Cash Flows

Figures in Rs. Crores

Mar 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-38 -18 -32 -13 -3 -12 4 17 -14 8 22 -4
-2 -0 -3 -0 8 -1 -1 -1 -2 -3 -9 -15
37 21 34 19 0 -1 -0 -0 -0 -0 -0 9
Net Cash Flow -3 2 -1 5 6 -14 2 16 -16 5 13 -9

Ratios

Figures in Rs. Crores

Mar 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 109 111 172 121 124 146 132 106 131 123 106 127
Inventory Days 92 136 151 117 88 162 91 79 113 92 98 102
Days Payable 131 180 148 97 101 127 116 101 134 96 130 123
Cash Conversion Cycle 69 66 176 141 111 181 107 84 110 118 75 105
Working Capital Days 118 51 182 150 123 168 110 67 105 112 75 92
ROCE % -28% -36% 1% -3% -4% -1% -5% 2% 7% 14% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
78.63% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.01% 0.02% 0.02% 0.08% 0.03% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.02%
21.36% 24.98% 24.98% 24.92% 24.97% 25.01% 25.00% 25.00% 25.00% 25.00% 25.00% 24.98%
No. of Shareholders 8,8389,0178,9289,8069,8349,6459,4749,2099,7028,9328,90011,075

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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