VOLTAMPCapital Goods

Voltamp Transformers Limited

Heavy Electrical Equipment · ISIN INE540H01012 · BSE 532757 · NSE EQ · FV ₹10
Last price
₹10,034
-0.94%today
What this company does

Voltamp Transformers Limited operates in Heavy Electrical Equipment, part of the Capital Goods sector. It booked ₹684 cr of revenue in its latest quarter (Q2 FY27) and kept 12.4% of sales as profit.

In the report:
62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 19–127 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)
45

At close. Not part of the score.

Profitability & returns68

How much profit it earns on the money it employs

Balance sheet94

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

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
✓ Sales up 42% vs last year
✓ Profit up 8% vs last year
✓ No promoter shares pledged
✓ Strong 18% 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 We do not publish price targets or predict returns.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
₹10,034▼ -0.94%
latest close · 2026-11-03
1-year return
+571.8%
52-wk low ₹1,39052-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 ratio5.44High
Below bookModerateHigh
EV / EBITDA22.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.2%Strong
WeakFairStrong ▸15%
Return on capital23.1%Strong
WeakFairStrong
Net margin12.4%Decent
ThinDecentStrong
EBITDA margin16.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover253.1×Strong
RiskyOkayStrong ▸5×
Current ratio2.88Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹10,151 cr
Book value
₹1,845
EPS
₹84.10
latest quarter
Net debt
₹-22 cr
more cash than debt
Enterprise value
₹10,130 cr
EBITDA
₹455 cr
annualised
EBIT
₹440 cr
annualised
Operating margin
16.1%
Return on assets
15.4%
Earnings yield
3.35%
P/S
3.71
Sales / share
₹2,705.1
Tax rate
22.3%
Face value
₹10
Shares
1.0 cr
Working capital
₹589 cr
Current assets
₹903 cr
Current liabilities
₹314 cr
Delivery %
42.9%
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 2026-11-03.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹4,153 vs market price ₹10,034 — price is 142% above it
Safety cushion-141.6%(target ≥ +20%)
Models span ₹3,710–₹4,596, midpoint ₹4,153
Model ₹4,153
Price ₹10,034
Cheap sideExpensive side

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 · Q2 FY27 (consolidated)
Revenue from Operations₹684 cr
Other Income₹8 cr
Total Income₹692 cr
Cost of Materials₹525 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-4 cr
Employee Benefit Expense₹19 cr
Finance Costs₹43.4 L
Depreciation & Amortisation₹4 cr
Other Expenses₹39 cr
Total Expenses₹583 cr
Profit before Tax₹109 cr
Tax Expense₹24 cr
Net Profit₹85 cr
Net margin on total income12.3%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹521 cr75.2%
Employee benefit expense₹19 cr2.7%
Finance costs₹43.4 L0.1%
Depreciation & amortisation₹4 cr0.5%
Other expenses₹39 cr5.6%
Tax expense₹24 cr3.5%
Profit for the period₹85 cr12.3%
Total income ₹692 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue617 cr544 cr684 cr
Total income607 cr585 cr692 cr
Expenses540 cr467 cr583 cr
Profit before tax67 cr118 cr109 cr
Tax19 cr27 cr24 cr
Net profit (owners' share)48 cr91 cr85 cr
Net margin (owners' share, on revenue)7.8%16.8%12.4%
EPS (₹)47.3590.1784.10
YoY (latest quarter): total income +39.2% · net profit +7.9%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹2,216 cr
Shareholder equity
₹1,867 cr
parent shareholders
Total debt
₹0 cr
Cash
₹22 cr
Cash flow · H1 FY27
Operating
₹124 cr
Investing
₹-73 cr
Financing
₹-103 cr
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limited₹3,387₹7.53 L cr87.8
ABB India Limited₹6,605₹1.40 L cr94.6
Bharat Heavy Electricals Limited₹400₹1.39 L cr42.4
CG Power and Industrial Solutions Limited₹810₹1.28 L cr77.3
Hitachi Energy India Limited₹27,280₹1.22 L cr103.3
GE Vernova T&D India Limited₹4,050₹1.04 L cr60.1
Siemens Energy India Limited₹2,847₹1.01 L cr57.5
Suzlon Energy Limited₹36₹49,179 cr30.8
Thermax Limited₹3,151₹35,498 cr351.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.00%
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 · 2026-09-30
No pledge
Promoter
30.0%
FII / Foreign
20.5%
DII / Domestic
35.5%
Retail / others
14.0%
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— · NSE3229 Oct 26
short— · NSE2029 Sep 26
short— · NSE103 Sep 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 2026-09-30
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.