Voltamp Transformers Ltd

About [ edit ]

Voltamp Transformers Limited is mainly into manufacturing of various types of Oil filled Power & Distribution Transformers.

Due to increased demand from Indian Industries, Voltamp forayed into manufacturing Cast Resin (Dry Type) Transformers and Vacuum Resin Impregnated Dry Type Transformers. It has also entered into technical collaboration with M/s HTT Hann Munden Germany who are pioneers in the field of Cast Resin Transformers manufacturing since 1959. #

  • Market Cap 1,048 Cr.
  • Current Price 1,032
  • High / Low 1,355 / 810
  • Stock P/E 11.3
  • Book Value 763
  • Dividend Yield 2.42 %
  • ROCE 15.4 %
  • ROE 12.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 25.27%

Cons

  • The company has delivered a poor sales growth of 10.68% over past five years.
  • Company has a low return on equity of 12.20% for last 3 years.
  • Earnings include an other income of Rs.49.82 Cr.
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
219 166 189 215 259 187 195 251 225 72 160 176
189 150 170 191 224 167 174 221 189 69 138 159
Operating Profit 30 16 19 24 35 21 21 30 36 3 22 16
OPM % 14% 10% 10% 11% 13% 11% 11% 12% 16% 4% 14% 9%
Other Income 2 7 6 10 13 7 10 13 -15 22 16 26
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 1 2 2 2 2 2 2 3 2 2 2
Profit before tax 31 22 23 32 46 25 29 41 19 23 35 41
Tax % 35% 30% 34% 30% 30% 34% 10% 14% 38% 16% 16% 21%
Net Profit 20 15 15 22 32 17 26 35 12 19 30 32
EPS in Rs 19.87 14.87 15.22 21.97 31.80 16.69 25.61 34.63 11.41 19.07 29.46 31.69

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
649 542 535 570 516 445 517 563 611 639 829 859 633
498 436 469 528 481 430 497 526 551 571 735 750 556
Operating Profit 151 106 67 42 34 15 20 37 60 67 94 109 77
OPM % 23% 20% 12% 7% 7% 3% 4% 7% 10% 11% 11% 13% 12%
Other Income 23 23 18 15 20 27 21 28 39 39 36 15 50
Interest 1 1 1 0 0 0 0 0 1 1 1 1 0
Depreciation 4 6 8 8 8 7 7 6 6 6 7 9 9
Profit before tax 169 122 77 48 46 34 33 59 93 100 123 113 118
Tax % 32% 33% 33% 31% 29% 23% 15% 26% 22% 27% 31% 21%
Net Profit 115 83 52 33 33 26 28 44 72 73 85 89 93
EPS in Rs 113.47 81.57 51.18 32.89 32.52 25.99 28.08 43.47 71.37 72.63 83.86 88.35 91.63
Dividend Payout % 11% 15% 18% 30% 46% 38% 36% 29% 21% 21% 27% 28%
Compounded Sales Growth
10 Years:5%
5 Years:11%
3 Years:12%
TTM:-29%
Compounded Profit Growth
10 Years:1%
5 Years:31%
3 Years:8%
TTM:-16%
Stock Price CAGR
10 Years:6%
5 Years:5%
3 Years:-4%
1 Year:14%
Return on Equity
10 Years:10%
5 Years:12%
3 Years:12%
Last Year:12%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 255 322 364 385 400 415 431 459 555 610 677 738 762
Borrowings 0 0 0 0 0 0 0 0 0 0 0 0 0
70 64 53 57 51 56 55 51 48 50 64 69 77
Total Liabilities 335 397 427 452 461 481 495 521 613 670 751 817 849
18 44 56 54 52 47 41 39 38 43 48 58 54
CWIP 14 4 1 1 0 0 1 0 1 3 0 1 4
Investments 135 106 93 110 174 218 211 220 313 352 381 454 542
167 243 277 288 235 215 242 262 260 272 321 304 249
Total Assets 335 397 427 452 461 481 495 521 613 670 751 817 849

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
106 33 15 -11 79 40 -10 -1 78 43 32 108
-88 18 -4 -8 -61 -32 24 12 -60 -20 -11 -86
-16 -15 -16 -11 -12 -18 -12 -12 -16 -18 -18 -27
Net Cash Flow 1 35 -5 -30 6 -10 2 -2 2 4 3 -5

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 79% 41% 21% 12% 11% 7% 6% 11% 17% 16% 18% 15%
Debtor Days 57 88 99 111 103 117 102 96 92 83 78 64
Inventory Turnover 6.57 6.78 5.50 4.82 4.78 5.74 6.18 5.07 5.45 4.17 4.61 4.14

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
47.48 47.48 47.54 48.42 49.88 49.88 48.27 50.00 50.00 50.00 50.00 50.00
15.58 15.58 15.58 15.58 14.40 14.44 15.46 15.62 15.84 15.90 15.95 15.98
20.14 20.04 19.78 19.35 19.27 19.16 21.79 21.30 21.57 20.98 20.37 21.59
16.79 16.89 17.10 16.65 16.45 16.51 14.48 13.08 12.59 13.12 13.68 12.43

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