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 ₹ 3,774 Cr.
- Current Price ₹ 3,553
- High / Low ₹ 3,981 / 1,100
- Stock P/E 38.0
- Book Value ₹ 352
- Dividend Yield 0.00 %
- ROCE 37.7 %
- ROE 28.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 71.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
- Debtor days have improved from 76.8 to 56.5 days.
Cons
- Stock is trading at 10.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.82%
- Promoters have pledged 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 Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 157 | 190 | 149 | 220 | 213 | 205 | 206 | 280 | 371 | 503 | 612 | 782 | 846 | |
| 166 | 191 | 152 | 221 | 215 | 203 | 195 | 258 | 335 | 435 | 527 | 662 | 718 | |
| Operating Profit | -9 | -1 | -3 | -1 | -2 | 2 | 11 | 22 | 36 | 68 | 85 | 120 | 128 |
| OPM % | -6% | -0.5% | -2.0% | -0.6% | -1.0% | 0.9% | 5% | 8% | 10% | 14% | 14% | 15% | 15% |
| 17 | 13 | 2 | 5 | 1 | 5 | 3 | 2 | 3 | 7 | 16 | 10 | 13 | |
| Interest | 6 | 2 | 3 | 2 | 2 | 2 | 3 | 7 | 8 | 12 | 11 | 2 | 2 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 5 | 5 |
| Profit before tax | -4 | 4 | -9 | -4 | -8 | 0 | 6 | 12 | 26 | 57 | 86 | 124 | 133 |
| Tax % | 0% | 0% | 24% | 0% | 0% | -1,820% | 1% | 2% | 0% | 18% | 26% | 25% | |
| -4 | 4 | -11 | -4 | -8 | 2 | 6 | 12 | 26 | 47 | 64 | 93 | 99 | |
| EPS in Rs | -3.52 | 3.79 | -10.61 | -3.47 | -7.90 | 1.81 | 5.92 | 11.48 | 24.20 | 44.12 | 60.15 | 87.35 | 93.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 31% |
| 3 Years: | 28% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 71% |
| 3 Years: | 53% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 82% |
| 3 Years: | 99% |
| 1 Year: | 115% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 23% |
| 3 Years: | 26% |
| Last Year: | 28% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 140 | 144 | 128 | 123 | 115 | 116 | 123 | 134 | 160 | 207 | 270 | 363 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 5 | 8 | 5 | |
| 57 | 59 | 64 | 75 | 69 | 77 | 55 | 94 | 121 | 164 | 150 | 176 | |
| Total Liabilities | 207 | 214 | 202 | 209 | 195 | 203 | 188 | 240 | 303 | 386 | 438 | 555 |
| 66 | 62 | 54 | 50 | 52 | 48 | 44 | 41 | 44 | 49 | 50 | 75 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 6 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 141 | 152 | 148 | 159 | 143 | 155 | 144 | 197 | 258 | 337 | 383 | 468 | |
| Total Assets | 207 | 214 | 202 | 209 | 195 | 203 | 188 | 240 | 303 | 386 | 438 | 555 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -13 | -3 | -12 | 4 | 17 | -14 | 8 | 22 | -4 | 32 | 56 | 57 | |
| -0 | 8 | -1 | -1 | -1 | -2 | -3 | -9 | -15 | -12 | -18 | -53 | |
| 19 | 0 | -1 | -0 | -0 | -0 | -0 | -0 | 9 | -8 | 1 | -5 | |
| Net Cash Flow | 5 | 6 | -14 | 2 | 16 | -16 | 5 | 13 | -9 | 12 | 39 | -1 |
| Free Cash Flow | -14 | 8 | -14 | 3 | 17 | -16 | 7 | 18 | -12 | 24 | 40 | 23 |
| CFO/OP | 137% | 270% | 400% | -311% | -856% | -756% | 28% | 100% | -12% | 67% | 87% | 73% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 121 | 124 | 146 | 132 | 106 | 131 | 123 | 106 | 127 | 101 | 73 | 56 |
| Inventory Days | 117 | 88 | 162 | 91 | 79 | 113 | 92 | 98 | 102 | 126 | 114 | 129 |
| Days Payable | 97 | 101 | 127 | 116 | 101 | 134 | 96 | 130 | 123 | 88 | 52 | 38 |
| Cash Conversion Cycle | 141 | 111 | 181 | 107 | 84 | 110 | 118 | 75 | 106 | 139 | 135 | 147 |
| Working Capital Days | 150 | 123 | 168 | 110 | 67 | 105 | 112 | 74 | 80 | 79 | 73 | 74 |
| ROCE % | 1% | -3% | -4% | -1% | -5% | 2% | 7% | 14% | 21% | 34% | 38% | 38% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Installed Capacity MVA |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Meeting Updates
- Approval and recommendation of Indo-Tech Transformers Limited Employees Stock Option Plan 2026 (ITTL ESOP 2026) to shareholders
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Corporate Action - Book Closure From September 17, 2026 To September 23, 2026 (Both Days Inclusive)
- Q1 FY27 results approved; Rs10 final dividend recommended, AGM on Sep 23, 2026, record date Sep 16.
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Corporate Action-Board approves Dividend
- Board approved Q1 FY27 results, Rs.10 dividend, ESOP 2026, borrowing-limit increase; AGM on 23 Sep 2026.
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Corporate Action - Record Date For The Purpose Of Dividend Is 16-Sept-2026
- Record date fixed as 16 September 2026 for FY26 dividend, payable after 23 September 2026.
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Intimation Of Unaudited Financial Results For The Quarter Ended June 30, 2026
- Board approved Q1 FY27 results, Rs.10 final dividend, ESOP 2026, higher borrowing powers, and AGM on Sept 23, 2026.
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
from bse
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Financial Year 2013
from bse
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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]