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Indo Tech Transformers Ltd

₹ 1,5810.40%
07 Jan – close price
🔗indo-tech.com•BSE: 532717•NSE: INDOTECH
Market Cap₹ 1,680 Cr.
Current Price₹ 1,581
High / Low₹ 3,793
Stock P/E20.0
Book Value₹ 306
Dividend Yield0.00 %
ROCE37.8 %
ROE25.7 %
Face Value₹ 10.0
Sales₹ 730 Cr.
OPM13.7 %
Mar Cap₹ 1,680 Cr.

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

Company OverviewIndo 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]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsOrder Book PositionLarge Order ReceiptsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.A B B5299.0063.57112334.330.83409.04-7.173310.7213.6938.6513010.6516.561766.99408.8815.6116.040.01
2.Siemens3133.6066.14111599.280.38485.40-7.145171.2016.0215.8317364.2011.561687.44484.908.447.460.01
3.B H E L303.55189.24105698.030.16374.89253.177511.8014.094.8729269.174.03558.54374.894.330.810.45
4.CG Power & Ind636.9593.88100310.870.20284.4429.762922.7921.1437.4811069.2912.971068.45286.7213.4414.530.02
5.Siemens Ener.Ind2603.3084.2792703.550.00359.60–2645.70–38.527826.7019.341100.10359.6021.1613.260.03
6.Hitachi Energy19582.00121.8187368.990.03264.36405.571832.5517.9419.446815.4012.60717.23264.3619.045.770.02
7.GE Vernova T&D3150.5087.7280685.580.16299.48107.081538.4638.8854.745094.7823.87919.85299.4838.6714.760.01
8.Indo Tech.Trans.1581.0019.951679.930.0024.7839.84182.8625.0537.80730.1913.6884.2024.785.1715.500.04
–Median: 37 Co.540.2548.86732.60.0337.3541.39460.0324.3428.091522.9113.99169.545.146.2112.290.14

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
8413917793821641451752068996146183
Expenses
7912415387741401231481858785123152
Operating Profit
5152468242227212112331
Other Income
0161231351234
Profit before tax
4142958251927241112433
Tax %
0%24%33%30%29%23%0%6%14%0%36%28%26%
Net Profit
411194619192621171825
EPS in Rs
3.6210.0618.153.335.5618.0518.1724.0819.761.256.6616.6923.33

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
94157190149220213205206280371503612730
Expenses
109166191152221215203195258335435527630
Operating Profit
-15-9-1-3-1-221122366885100
Other Income
111713251532371619
Interest
1262322237812112
Depreciation
3555555555545
Profit before tax
-19-44-9-4-80612265786111
Net Profit
-19-44-11-4-8261226476484
EPS in Rs
-17.70-3.523.79-10.61-3.47-7.901.815.9211.4824.2044.1260.1579.29
Dividend Payout %
0%0%0%0%0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:34%
5 Years:102%
3 Years:74%
TTM:41%

Compounded Sales Growth

10 Years:15%
5 Years:24%
3 Years:30%
TTM:35%

Return on Equity

10 Years:8%
5 Years:18%
3 Years:23%
Last Year:26%

Stock Price CAGR

10 Years:20%
5 Years:70%
3 Years:103%
1 Year:-54%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
11111111111111111111111111
Reserves
-4140144128123115116123134160207270314
Borrowings
12500000001115812
Other Liabilities
525759647569775594121164150174
Total Liabilities
184207214202209195203188240303386438510
Fixed Assets
71666254505248444144495051
Gross Block
99.87101.03102.0859.1359.9865.7466.7167.3168.8776.4686.1091.33–
Accumulated Depreciation
29.1534.5539.904.829.5614.0918.7523.5727.4832.2937.2041.67–
CWIP
10000000110611
Investments
0000000000000
Other Assets
112141152148159143155144197258337383448
Total Assets
184207214202209195203188240303386438510

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-32-13-3-12417-14822-43256
Cash from Investing Activity
-3-08-1-1-1-2-3-9-15-12-18
Cash from Financing Activity
34190-1-0-0-0-0-09-81
Net Cash Flow
-156-14216-16513-91239

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
17212112414613210613112310612710173
Inventory Days
1511178816291791139298102126114
Days Payable
14897101127116101134961301238852
Cash Conversion Cycle
1761411111811078411011875106139135
Working Capital Days
-3061501231681106710511274807973
ROCE %
–1%-3%-4%-1%-5%2%7%14%21%34%38%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs
0.00%0.00%0.02%0.00%0.00%0.02%0.42%0.39%0.48%0.24%0.16%0.17%
DIIs
0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.66%0.66%0.41%0.60%
Public
25.00%25.00%25.00%25.00%25.00%24.98%24.58%24.60%23.85%24.08%24.44%24.23%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Indo Tech Transformers Files SEBI Compliance Certificate for Q4 FY26

8th April 2026, 3:58 pm

Indo-Tech Transformers: Trading Window to Close from April 1, 2026

31st March 2026, 8:18 pm

Indo Tech Transformers Cancels Order Worth ₹64.99 Crore Due to Project Delay; No Impact Stated

11th March 2026, 11:54 pm

INDO-TECH TRANSFORMERS LIMITED Publishes Quarterly Financial Results in Newspapers

6th February 2026, 11:12 pm

Indo-Tech Transformers Limited Announces Outcome of Board Meeting and Approval of Unaudited Financial Results for Q3 FY26

5th February 2026, 2:50 am

Published by Other Websites

External media mentions & references

Indo Tech Transformers Shares Tumble on ₹65 Cr Order Cancellation

12th March 2026, 11:35 am

Massive ₹91 Crore Order Sparks Indo Tech Transformers Stock Surge: Investors Rejoice!

27th November 2025, 9:54 am

Global Rally Ignites Indian Stocks: Whirlpool Block Deal, Wipro AI Leap, Paytm RBI Nod & More!

27th November 2025, 8:04 am

Stocks to Watch: Whirlpool Block Deal, Paytm RBI License, Wipro AI Breakthrough! Plus Earnings & More!

27th November 2025, 7:15 am

Indo Tech Transformers Secures Rs 78.39 Crore Order from Avaada Clean Project

5th September 2025, 1:33 pm

News Articles

Editorial & research coverage

Massive ₹91 Crore Order Sparks Indo Tech Transformers Stock Surge: Investors Rejoice!
Massive ₹91 Crore Order Sparks Indo Tech Transformers Stock Surge: Investors Rejoice!

27th November 2025, 9:54 am

Stocks to Watch: Whirlpool Block Deal, Paytm RBI License, Wipro AI Breakthrough! Plus Earnings & More!
Stocks to Watch: Whirlpool Block Deal, Paytm RBI License, Wipro AI Breakthrough! Plus Earnings & More!

27th November 2025, 7:15 am

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

1d - Of certificate under Reg 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended December 31, 2025

Closure of Trading Window

31 Dec - Trading window closed from Jan 01, 2026 until 48 hours after unaudited Q2 results.

Announcement Under Reg 30 SEBI LODR - Intimation Of ESG Report For The FY 2024-25

11 Dec - Indo-Tech published FY24-25 ESG report (Nov 20, 2025); targets: 70% Scope1, 100% Scope2 green by FY2029-30.

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Updates on Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.

5 Dec 2025 - Pledge of 27,61,200 ITTL shares to secure additional INR75 crore NCDs; total NCDs INR675 crore (Dec 2, 2025).

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from nse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

11 Nov 2025 from fitch

Rating update

9 Jul 2025 from icra

Rating update

5 Jun 2025 from fitch

Rating update

5 Aug 2024 from icra

Rating update

16 Jul 2024 from icra

Rating update

10 Jul 2024 from icra

Concalls

No concalls.

Stock Analysis

Description

  1. Indo-Tech Transformers Limited is engaged in the manufacturing of power and distribution transformers, including specialized and mobile substation transformers, serving diverse industrial and renewable energy sectors.

Key Growth Triggers

  1. Sustained demand for power and distribution transformers, driven by infrastructure development and the renewable energy sector. The company's ongoing capacity expansion plans and recent significant order wins like this one from Renew Wind Energy are key growth catalysts.

Order Book

  1. Order Book: January 2026 = INR 64.99 Crores -> Supply of 6 Nos. 220 kV – 165 MVA transformers from Renew Wind Energy (Jamb) Private Limited, with delivery scheduled between Feb’ 2027 to May’ 2027.

Key Red Flags

  1. Promoter shareholding remains significantly encumbered, despite some recent releases. A past shareholder rejection of a related party transaction at the AGM also highlights potential governance concerns that warrant investor attention.

Key Dates To Watch

  1. Upcoming Q3 FY26 and Q4 FY26 financial results.
  2. Progress updates on capacity expansion projects.
  3. Future order wins that could further strengthen the order book.

Corporate Announcements

8th Apr 26
Impact Rating: 5
Indo Tech Transformers filed its SEBI compliance certificate for the quarter ended March 31, 2026. The registrar confirmed that all dematerialised securities were processed, listed, and certificates cancelled as per regulations.
31st Mar 26
Impact Rating: 5
Indo-Tech Transformers has notified the closure of its trading window starting April 1, 2026. This restriction applies until 48 hours after the declaration of its audited financial results for the quarter and year ending March 31, 2026.
11th Mar 26
Impact Rating: 7
Indo Tech Transformers cancelled a ₹64.99 crore transformer order due to project delays by Renew Wind Energy, stating no impact as manufacturing hadn't commenced and highlighting a healthy order book.
6th Feb 26
Impact Rating: -
No description available.
4th Feb 26
Impact Rating: 5
Indo-Tech Transformers Limited's Board convened on February 4, 2026, to consider and approve unaudited financial results for Q3 and nine months ended December 31, 2025.