INDOTECHIndustrials

Indo Tech Transformers Limited

Heavy Electrical Equipment · ISIN INE332H01014 · BSE 532717 · NSE EQ · FV ₹10
Last price
₹3,411
+1.13%today
What this company does

Indo Tech Transformers Limited operates in Heavy Electrical Equipment, part of the Industrials sector. It booked ₹228 cr of revenue in its latest quarter (Q1 FY27) and kept 11.3% of sales as profit.

In the report:
70out of 100
Equitytale Health Score
Solid

Healthier than 70% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns89

How much profit it earns on the money it employs

Balance sheet88

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Growth & consistency89

Whether sales and profit have grown, and how steadily

Valuation22

What today's price implies, against our models or its peers

Governance & risk46

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 39% vs last year
Profit up 34% vs last year
Promoters hold 72%
Strong 28% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
! 80.3% of promoter stake pledged

What if I invest in INDOTECH?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 11% a year, it would become
₹21.24 lakh

The slider starts at 11%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3,411 +1.13%
latest close · 2026-09-17
1-year return
+1906.7%
52-wk low ₹14652-wk high ₹4,030
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio35.2High
LowAverageHigh
P/B ratio9.69High
Below bookModerateHigh
EV / EBITDA24.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity27.5%Strong
WeakFairStrong ▸15%
Return on capital36.5%Strong
WeakFairStrong
Net margin11.3%Decent
ThinDecentStrong
EBITDA margin16.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover69.7×Strong
RiskyOkayStrong ▸5×
Current ratio2.58Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,623 cr
Book value
₹352
EPS
₹24.20
latest quarter
Net debt
₹-57 cr
more cash than debt
Enterprise value
₹3,565 cr
EBITDA
₹146 cr
annualised
EBIT
₹139 cr
annualised
Operating margin
15.3%
Return on assets
18.5%
Earnings yield
2.84%
P/S
3.97
Sales / share
₹858.3
Tax rate
25.2%
Face value
₹10
Shares
1.1 cr
Working capital
₹272 cr
Current assets
₹445 cr
Current liabilities
₹173 cr
Delivery %
62.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹402₹670, midpoint ₹449

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹228 cr
Other Income₹5 cr
Total Income₹233 cr
Cost of Materials₹169 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹10 cr
Finance Costs₹50 L
Depreciation & Amortisation₹2 cr
Other Expenses₹19 cr
Total Expenses₹198 cr
Profit before Tax₹34 cr
Tax Expense₹9 cr
Net Profit₹26 cr
Net margin on total income11.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹167 cr71.8%
Employee benefit expense₹10 cr4.4%
Finance costs₹50 L0.2%
Depreciation & amortisation₹2 cr0.7%
Other expenses₹19 cr8.1%
Tax expense₹9 cr3.7%
Profit for the period₹26 cr11.0%
Total income ₹233 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue196 cr239 cr228 cr
Total income199 cr240 cr233 cr
Expenses165 cr208 cr198 cr
Profit before tax34 cr32 cr34 cr
Tax9 cr8 cr9 cr
Net profit (owners' share)25 cr24 cr26 cr
Net margin (owners' share, on revenue)12.7%10.0%11.3%
EPS (₹)23.4522.5324.20
YoY (latest quarter): total income +39.7% · net profit +34.1%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹555 cr
Shareholder equity
₹374 cr
parent shareholders
Total debt
₹5 cr
Cash
₹63 cr
Cash flow · H1 FY26
Operating
₹4 L
Investing
₹-21 cr
Financing
₹2 cr
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limited₹3,764₹8.37 L cr97.6
ABB India Limited₹7,131₹1.51 L cr102.1
Bharat Heavy Electricals Limited₹429₹1.49 L cr99.4
Hitachi Energy India Limited₹31,230₹1.39 L cr118.3
CG Power and Industrial Solutions Limited₹880₹1.39 L cr110.6
GE Vernova T&D India Limited₹4,341₹1.11 L cr76.5
Siemens Energy India Limited₹3,109₹1.11 L cr62.8
Suzlon Energy Limited₹43₹58,505 cr48.3
Thermax Limited₹3,570₹40,210 cr398.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.29%
trailing 12 months
Dividend / share (TTM)
₹10
Last dividend
₹10
ex 16 Sep 2026
ActionDetailEx-date
Dividend₹10 / share16 Sep 2026
Who owns it · 2026-06-30
80.3% pledged
Promoter
72.2%
FII / Foreign
0.3%
DII / Domestic
0.1%
Retail / others
27.5%
Promoter stake down 2.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldShirdi Sai Electricals Limited · Promoters27.61 L · ₹472.0 cr21 Nov 25
BoughtShirdi Sai Electricals Limited · Promoters7.50 L · ₹128.7 cr20 Nov 25
BoughtNM Finance and Investment Consultancy Limited · -7.50 L · ₹128.7 cr20 Nov 25
Bulk / block deals
SoldSHIRDI SAI ELECTRICALS LIMITED · NSE68,048 @ ₹3,231.2330 Jun 26
BoughtNEO APEX VENTURE LLP · NSE1.10 L @ ₹2,162.323 May 25
SoldNEO APEX VENTURE LLP · NSE1.10 L @ ₹2,164.7523 May 25
Stake changes
SoldShirdi Sai Electricals Limited · promoter→ 70.29% · 2.00 L30 Jun 26
SoldSHIRDI SAI ELECTRICALS LIMITED · promoter→ 72.18% · 3.00 L29 Jun 26
BoughtShirdi Sai Electricals Limited · promoter→ 57.93% · 27.61 L21 Nov 25
Promoter pledges
PledgedCatalyst Trusteeship Limited acting in its capacity as the common security trustee, acting on behalf of and for the benefit of the holders of Non-Convertible Debentures (NCDs) and the holders of Optionally Convertible Debentures (OCDs). Holders of NCDs and OCDs (as on the respective deemed date of allotment) in respect of NCDs and OCDs which have been allotted as on the date of this disclosure: 1. Neo Special Credit Opportunities Fund, 2. Neo Credit Opportunities Fund I, 3. Neo Special Credit Opportunities Fund II, 4. Neo Prime Fund, 5. Neo Markets Services Private Limited27.61 L · 31.93% held2 Dec 25
PledgedCatalyst Trusteeship Limited acting in its capacity as the common security trustee, acting on behalf of and for the benefit of the holders of Non-Convertible Debentures (NCDs) and the holders of Optionally Convertible Debentures (OCDs). Original Holders of NCDs and OCDs (as on the respective deemed date of allotment) in respect of NCDs and OCDs which have been allotted as on the date of this disclosure: 1. Neo Special Credit Opportunities Fund, 2. Neo Credit Opportunities Fund I, 3. Neo Special Credit Opportunities Fund II27.61 L · 31.93% held21 Nov 25
PledgedSBICAP Trustee Company Ltd31.86 L · 0.00% held17 Dec 20
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 11 Aug 2025
See the official result
1
To receive, consider and adopt the Audited Financial statements for the financial year ended March 31, 2025, and the Reports of the Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
15,802 votes for, 50 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Mr. Sudheer Vennam (DIN: 09656671), who retires by rotation and being eligible, offers himself for reappointment
⚑ Passed only because promoters voted yes
Backed by 22% of shareholders other than promotersneeded 50%
3,496 votes for, 12,356 against · 100% of mutual funds and other big investors said no
3
Appointment of M/s ASA & Associates LLP as the Statutory Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
15,802 votes for, 50 against · 0% of mutual funds and other big investors said no
4
Appointment of Mr. M. Purushothaman, Chief Executive Officer (DIN: 11074837) as Director of the company
Backed by 100% of shareholders other than promotersneeded 50%
15,702 votes for, 50 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 72.2% between them · as of 2026-06-30
Shirdi Sai Electricals Limited72.18%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.