VOLTAMPCapital Goods

Voltamp Transformers Limited

Heavy Electrical Equipment · ISIN INE540H01012 · BSE 532757 · NSE EQ · FV ₹10
Last price
₹10,735
+2.11%today
What this company does

Voltamp Transformers Limited operates in Heavy Electrical Equipment, part of the Capital Goods sector. It booked ₹544 cr of revenue in its latest quarter (Q1 FY27) and kept 16.8% of sales as profit.

In the report:
75out of 100
Equitytale Health Score
Solid

Healthier than 75% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 77–113 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)
51

At close. Not part of the score.

Profitability & returns76

How much profit it earns on the money it employs

Balance sheet96

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Growth & consistency59

Whether sales and profit have grown, and how steadily

Valuation64

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

Governance & risk86

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
Strong 17% net margin
Sales up 28% vs last year
Profit up 15% vs last year
No promoter shares pledged
Strong 20% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in VOLTAMP?

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 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, 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 We do not publish price targets or predict returns.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
₹10,735 +2.11%
latest close · 2026-09-17
1-year return
+667.2%
52-wk low ₹1,38052-wk high ₹11,699
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 ratio29.8Average
LowAverageHigh
P/B ratio6.06High
Below bookModerateHigh
EV / EBITDA22.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity20.4%Strong
WeakFairStrong ▸15%
Return on capital26.0%Strong
WeakFairStrong
Net margin16.8%Strong
ThinDecentStrong
EBITDA margin22.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover262.5×Strong
RiskyOkayStrong ▸5×
Current ratio4.16Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹10,861 cr
Book value
₹1,771
EPS
₹90.17
latest quarter
Net debt
₹-73 cr
more cash than debt
Enterprise value
₹10,788 cr
EBITDA
₹488 cr
annualised
EBIT
₹473 cr
annualised
Operating margin
21.8%
Return on assets
18.1%
Earnings yield
3.36%
P/S
4.99
Sales / share
₹2,150.0
Tax rate
22.6%
Face value
₹10
Shares
1.0 cr
Working capital
₹615 cr
Current assets
₹809 cr
Current liabilities
₹195 cr
Delivery %
46.6%
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 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹2,287₹3,560, midpoint ₹2,924

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₹544 cr
Other Income₹42 cr
Total Income₹585 cr
Cost of Materials₹488 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-78 cr
Employee Benefit Expense₹19 cr
Finance Costs₹45.1 L
Depreciation & Amortisation₹4 cr
Other Expenses₹34 cr
Total Expenses₹467 cr
Profit before Tax₹118 cr
Tax Expense₹27 cr
Net Profit₹91 cr
Net margin on total income15.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹410 cr70.1%
Employee benefit expense₹19 cr3.3%
Finance costs₹45.1 L0.1%
Depreciation & amortisation₹4 cr0.6%
Other expenses₹34 cr5.8%
Tax expense₹27 cr4.6%
Profit for the period₹91 cr15.6%
Total income ₹585 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue630 cr617 cr544 cr
Total income656 cr607 cr585 cr
Expenses527 cr540 cr467 cr
Profit before tax130 cr67 cr118 cr
Tax31 cr19 cr27 cr
Net profit (owners' share)99 cr48 cr91 cr
Net margin (owners' share, on revenue)15.7%7.8%16.8%
EPS (₹)97.9447.3590.17
YoY (latest quarter): total income +27.5% · net profit +14.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹2,018 cr
Shareholder equity
₹1,792 cr
parent shareholders
Total debt
₹0 cr
Cash
₹73 cr
Cash flow · H1 FY26
Operating
₹81 cr
Investing
₹12 cr
Financing
₹-103 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
0.93%
trailing 12 months
Dividend / share (TTM)
₹100
Last dividend
₹100
ex 24 Jul 2026
ActionDetailEx-date
Dividend₹100 / share24 Jul 2026
Dividend₹100 / share22 Jul 2025
Dividend₹90 / share22 Jul 2024
Dividend₹40 / share31 Jul 2023
Dividend₹20 / share31 Jul 2023
Dividend₹35 / share4 Aug 2022
Who owns it · 2026-06-30
No pledge
Promoter
30.0%
FII / Foreign
21.5%
DII / Domestic
33.9%
Retail / others
14.6%
Promoter stake down 8.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldKunjal L. Patel · Promoters7.89 L · ₹596.6 cr9 Sep 25
SoldTARAL K PATEL · Promoter Group20,600 · ₹17.2 cr26 May 25
SoldKUNJAL L PATEL · Promoters12.14 L · ₹562.5 cr26 Sep 23
Bulk / block deals
short · NSE103 Sep 26
short · NSE528 Aug 26
short · NSE4425 Aug 26
Stake changes
SoldKunjal L. Patel · promoter→ 30.00% · 7.89 L9 Sep 25
SoldTaral K Patel · promoter→ 0.00% · 20,60028 May 25
SoldNalanda India Fund Limited and Nalanda India Equity Fund Ltd→ 8.04% · 9,21624 Jan 25
What shareholders were asked to approve

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 · 29 Jul 2025
See the official result
1
To consider and adopt the Audited Financial Statement for the Financial Year ended March 31, 2025, together with the Directors’ and the Auditors’ Reports thereon.
Backed by 100% of shareholders other than promotersneeded 50%
40.24 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend of ₹100/- (Rupees One Hundred Only) per equity share for the year ended March 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
40.35 L votes for, 0 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Smt. Taral K. Patel (DIN 00023066), who reres by rotaon and being eligible offers herself for re-appointment.
Promoters had a personal stake in this
Backed by 97% of shareholders other than promotersneeded 50%
39.34 L votes for, 1.01 L against · 2% of mutual funds and other big investors said no
4
To approve remuneration of the M/s. Y. S. Thakar & Co., Cost Auditors for the financial year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
40.35 L votes for, 5 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 — 5 named members
owning 30.0% between them · as of 2026-06-30
Kunjal Lalitkumar Patel30.00%
Aayushi Kunjal Patelno shares
Jwalin Kunjal Patelno shares
Kunjal Lalitkumar Patel (HUF)no shares
Taral Kunjal Patelno shares

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.