MoneyWorks4Me

Raksan Transformers Ltd (544924)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544924 NSE: Electric Equipment | Small Cap | Raksan Transformers Share Price

₹272.75 7.40 (2.79%)

As on 24-Sep'26 16:59

Raksan Transformers Ltd (544924)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544924 NSE: Electric Equipment | Small Cap | Raksan Transformers Share Price

₹272.75 7.40 (2.79%)

As on 24-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹554 Cr.
Current Price
₹272.8
52-Week Low / High
₹260 / 287
TTM EPS
₹16.1
TTM Sales
₹363 Cr.
Book Value per Share
₹94.7
P/E Ratio
16.50
Industry PE
53.7
Price to Book (P/B)
2.80
Price to Sales (P/S)
1.53
EV/EBITDA
12.07
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
55.32%
Return on Capital Employed (ROCE)
55.81%
Return on Assets (ROA)
24.62%
Operating Profit Margin
13%
Net Profit Margin
9.25%
Gross Profit Margin
12.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
12%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
56.9%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
64.87%
Asset Quality
Promoter Holding
73.61%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹177 Cr.
Equity
₹20.9 Cr.
Face Value
₹10
All Time Low / High
₹260.00 / 286.65

Raksan Transformers stock performance

Key Ratios
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Quality

Somewhat Good

Valuation

NA

Price Trend

Weak
Q.1 Is Raksan Transformers Ltd a good quality company?
Raksan Transformers Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Raksan Transformers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Raksan Transformers Ltd vs industry peers?
Raksan Transformers Ltd revenue CAGR is 71.23%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Raksan Transformers Ltd?
Promoters hold 73.61% of the Raksan Transformers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Raksan Transformers Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Raksan Transformers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 31.7%43.8%57.6%55.4%-
Value Creation
Index
1.32.13.13.0-

Growth Parameters

Sales 72.4161324363363
Sales YoY Gr.-122.4%101.4%12%-
Adj EPS 2.14.112.720.216
YoY Gr.-96.6%209.3%60%-
BVPS (₹) 1014.42747.194.8
Adj Net
Profit
3.46.720.933.433
Cash Flow from Ops. 07.55.314.9-
Debt/CF from Ops. 01.34.51.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA71.2%12%
Adj EPS NANA113.5%60%
BVPSNANA67.8%74.4%
Share Price - - - -

Key Financial Parameters

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
20.833.661.154.622.5
Op. Profit
Mgn %
8.36.99.212.9NAN
Net Profit
Mgn %
4.74.26.49.29.2
Debt to
Equity
0.40.40.50.3-
Working Cap
Days
09176960
Cash Conv.
Cycle
02920370

Valuation of Raksan Transformers - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales72161324363
Operating Expenses + 66150294316
Manufacturing Costs2222
Material Costs57139271291
Employee Cost 4476
Other Costs 551417
Operating Profit 6113047
Operating Profit Margin (%) 8.2%6.9%9.3%13.0%
Other Income + 1211
Exceptional Items 0000
Interest 2221
Depreciation 0011
Profit Before Tax 5102845
Tax 13712
Profit After Tax 382034
PAT Margin (%) 4.7%4.7%6.3%9.3%
Adjusted EPS (₹)2.14.612.420.4
Dividend Payout Ratio (%)0%0%1.30%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 16244477
Share Capital 0.870.870.8716.48
Reserves 15234361
Debt +592220
Long Term Debt12108
Short Term Debt471211
Minority Interest0000
Trade Payables12274244
Others Liabilities 97915
Total Liabilities 4267118155

Fixed Assets

Net Fixed Assets +793342
Gross Block10123647
Accumulated Depreciation3345
CWIP 0034
Investments 0000
Inventories11192126
Trade Receivables15205273
Cash Equivalents 1500
Others Assets 814911
Total Assets 4267118155
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 67515
PBT 5102845
Adjustment 1022
Changes in Working Capital 1-1-17-20
Tax Paid -1-3-7-12
Cash Flow From Investing Activity + -8-7-23-11
Capex -1-2-25-8
Net Investments -00-00
Others -7-52-4
Cash Flow From Financing Activity + -7413-4
Net Proceeds from Shares 0000
Net Proceeds from Borrowing -119-2
Interest Paid -1-1-1-1
Dividend Paid 000-0
Others -535-1
Net Cash Flow -94-40
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)21.0438.1460.1455.32
ROCE (%)31.9744.2658.6255.81
Asset Turnover Ratio1.732.963.512.66
PAT to CFO Conversion(x)20.880.250.44
Working Capital Days
Receivable Days77.3040.2040.6062.90
Inventory Days56.4034.7022.9023.70
Payable Days76.2050.7046.6053.90

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Announcements

Raksan Transformers Ltd FAQs

The current trading price of Raksan Transformers on 24-Sep-2026 16:59 is ₹272.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Sep-2026 the market cap of Raksan Transformers stood at ₹554.4 Cr

The latest P/E ratio of Raksan Transformers as of 23-Sep-2026 is 16.62.

The latest P/B ratio of Raksan Transformers as of 23-Sep-2026 is 2.80.

The 52-week high of Raksan Transformers is ₹286.6 and the 52-week low is ₹260.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Raksan Transformers is ₹363 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Raksan Transformers Ltd is a average quality company.

No data found

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Raksan Transformers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Raksan Transformers Ltd

The company was originally incorporated as a Private Limited Company under the provisions of the Companies Act, 1956, in the name and style of ‘Raksan Transformers Private Limited’, pursuant to a Certificate of Incorporation dated July 21, 1995, issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. Subsequently, pursuant to a Special Resolution passed at the Extra-Ordinary General Meeting held on January 30, 2008, the company shifted its registered office from the State of Punjab to the National Capital Territory of Delhi, with effect from October 15, 2008. Further, pursuant to a Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting held on March 26, 2025, the company was converted into a Public Limited Company and the name of the company was changed from ‘Raksan Transformers Private Limited’ to ‘Raksan Transformers Limited’. A fresh Certificate of Incorporation dated May 14, 2025 was issued by the Registrar of Companies, Central Processing Centre, Manesar. 

Raksan Transformers is an ISO 9001:2015 certified company engaged in the manufacturing of transformers across different voltage ratings. The company’s product offerings include distribution transformers, power transformers, transformers for solar applications, and special purpose transformers. These transformers are utilized across multiple sectors to facilitate the transmission and distribution of electrical energy. It focuses on delivering quality and reliability in its product range, supported by standardized manufacturing practices and compliance with applicable industry norms. Transformers serve critical functions in power generation, transmission, and distribution networks, and are deployed in diverse industrial and infrastructure projects.

The company aims to deliver single/three phase CRGO oil filled distribution or power transformers which are designed according to customer requirements and individual factors like voltage, power, climate, system landscape, sound level etc. The company implements control measures at each stage of the manufacturing process to ensure that the transformers comply with applicable technical specifications, regulatory standards, and customer requirements. The company’s manufacturing process uses key raw materials such as CRGO (Cold Rolled Grain Oriented) steel, copper/aluminium conductors, transformer oil, insulating materials and fabricated transformer tanks. Over the years, the company has established long-standing relationships with its suppliers, enabling it to procure quality raw materials in a timely manner and at competitive prices.

The manufacturing process includes core cutting, coil winding, core-coil assembly, tank fabrication, drying, oil filling, final assembly, and testing. The company has established in-house facilities for core cutting/slitting, wire drawing or strip drawing, tank fabrication etc. which helps it in meeting the design requirements and expectations of its customers with different types of shapes and size, it also helps it to achieve sustain quality standards, reduce dependence on third party and make its process cost effective. It also operates an in-house testing laboratory equipped to conduct routine and type tests in line with relevant Indian Standards (IS) and customer requirements. It manufactures products in compliance with Bureau of Indian Standards (BIS) and are authorized to use the ISI mark on applicable products. Additionally, several of its products are certified under the Bureau of Energy Efficiency (BEE) STAR rating program, supporting energy efficiency and compliance with regulatory norms.

Business area of the company

The company is manufacturer of transformers across different voltage ratings. The company manufactures a diversified range of transformers, including distribution transformers, power transformers, transformers for solar applications and special purpose transformers, which are used across power generation, transmission and distribution networks, as well as various industrial and infrastructure projects.

Products of the company

  • Power Transformer
  • Distribution Transformers
  • Special Purpose Transformer
  • Renewable Energy Transformer
  • Compact Substations (CSS)

Major events and milestones

  • 1995: Incorporation of the company in the name of ‘Raksan Transformers Private Limited’.
  • 2008: Shifting of the Registered office of the company from State of Punjab to the NCT of Delhi.
  • 2009: BEE Certifications for Transformers.
  • 2016: Certification of Bureau of Indian Standards IS 1180: PART 1: 2014.
  • 2017: The company achieves ISO: 9001: 2015.
  • 2017: Increase production capacity up to 12.5MVA, 33/11KV Class Transformers.
  • 2019: The company obtained manufacturer approval for manufacturing and supply of 11 KV Distribution Transformers upto 400 KVA class by PGCIL.
  • 2019: Achieved a milestone by completing targets of 95+ crore.
  • 2020: Ranked 6th among the Most Reputed & Trusted Manufacturers of Transformers in India by Industrial Outlook Magazine.
  • 2023: Supplying transformers through India based Customers/ EPC Companies, to African markets, including Nigeria.
  • 2024: Achieved a significant milestone by completing targets of 150+ crore.
  • 2024: A wide range of transformers tailored to various industrial and utility needs: Distribution Transformers: Up to 5000kVA, 33KV Class; Power Transformers: Up to 20MVA, 33KV Class; and Solar & Special-Purpose Transformers: Customized for renewable energy projects.
  • 2025: Conversion of the company from Private Limited to Public Limited.
  • 2025: Achieved a significant milestone by completing targets of 300+ crore.
  • 2026: Started Construction of new manufacturing facility at Village Liwaspur, Sub- Tehsil Rai, Distt. Sonepat, Haryana.

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