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Indo Tech Transformers Ltd (INDOTECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532717 NSE: INDOTECH Electric Equipment | Small Cap | Indo Tech Transform. Share Price

₹3,182.05 -8.00 (-0.25%)

As on 25-Sep'26 16:59

Indo Tech Transformers Ltd (INDOTECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532717 NSE: INDOTECH Electric Equipment | Small Cap | Indo Tech Transform. Share Price

₹3,182.05 -8.00 (-0.25%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,379 Cr.
Current Price
₹3,182.1
52-Week Low / High
₹1,100 / 4,035
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
53.2
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
27.84%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
72.18%
Pledged shares (%) of Promoter's holding (%)
80.26%
Reserves
-
Equity
₹10.6 Cr.
Face Value
₹10
All Time Low / High
₹42.50 / 4035.30

Indo Tech Transformers stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Indo Tech Transformers Ltd a good quality company?
Indo Tech Transformers Ltd is a weak quality company, based on a inconsistent 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 Indo Tech Transformers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Indo Tech Transformers Ltd vs industry peers?
Indo Tech Transformers Ltd revenue CAGR is %, compared to the industry median CAGR of 6.13%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Indo Tech Transformers Ltd?
Promoters hold 72.18% of the Indo Tech Transformers Ltd, with 80.26% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Indo Tech Transformers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 32.4% 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.
Indo Tech Transformers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ-4.1%-1%-4.7%2%7.2%13.8%20.8%34.5%37.8%40.4%-
Value Creation
Index ⓘ
-1.3-1.1-1.3-0.9-0.50.00.51.51.71.9-

Growth Parameters ⓘ

Sales ⓘ149220213205206280371503612782846
Sales YoY Gr.-48%-3.1%-3.8%0.3%36%32.4%35.7%21.6%27.8%-
Adj EPS ⓘ-10.5-3.5-7.91.85.911.424.444.558.487.793.5
YoY Gr.-NANANA222.8%92.4%113.5%82.2%31.4%50.2%-
BVPS (₹) ⓘ130.1126.3117.9119.1125.5136.7160.9204.5264.4351.9376.1
Adj Net
Profit ⓘ
-11.1-3.7-8.426.312.125.947.26293.199
Cash Flow from Ops. ⓘ-11.83.617.4-14.57.821.7-3.931.855.356.9-
Debt/CF from Ops. ⓘ000000-2.90.20.20.1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ20.3%30.6%28.2%27.8%
Adj EPS ⓘNA71.3%53.2%50.2%
BVPSⓘ11.7%22.9%29.8%33.1%
Share Price 32.4% 84% 96.4% 86.6%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
-7.6-2.7-6.51.64.98.716.424.324.928.525.7
Op. Profit
Mgn % ⓘ
-1.8-0.5-115.57.99.910.613.416.615.1
Net Profit
Mgn % ⓘ
-7.5-1.7-3.913.14.379.410.111.911.7
Debt to
Equity ⓘ
0000000.1000-
Working Cap
Days ⓘ
28721921522523217918017617216095
Cash Conv.
Cycle ⓘ
13310410010010577829110610557

Valuation of Indo Tech Transform. - 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

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Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *58.8358.8358.8375.1577.7977.7980.3077.2477.2480.26
* Pledged shares as % of Promoter's holding (%)

Financials

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Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indo Tech Transformers Ltd FAQs

The current trading price of Indo Tech Transform. on 25-Sep-2026 16:59 is ₹3,182.1.

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 24-Sep-2026 the market cap of Indo Tech Transform. stood at ₹3,379.3 Cr

The latest P/E ratio of Indo Tech Transform. as of 24-Sep-2026 is 34.03.

The latest P/B ratio of Indo Tech Transform. as of 24-Sep-2026 is 8.46.

The 52-week high of Indo Tech Transform. is ₹4,035.3 and the 52-week low is ₹1,100.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Tech Transform. is ₹846 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indo Tech Transformers Ltd is a below average quality company.

The key valuation ratios of Indo Tech Transformers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Indo Tech Transformers Ltd

Indo-Tech Transformers,The flagship  company of the Indo Tech Group made a small beginning in the year 1976 and today it is a prominent player in the transformer market in India, manufacturing power and distribution transformers upto 100 MVA/220 KV. Over the years it has executed orders for North American markets for Mobile transformers and substation transformers. It has also strengthened its presence in Southern Indian SEBs (TNEB, Andhra Pradesh, Karnataka, Kerala) and built capabilities in various types of transformers such as Wind power, Fail Safe, Amorphous metal core.

Indo Tech has a list of over 3900 satisfied customers. Its key customer categories include SEBs, EPC contractors, Corporate and exports to our clients abroad. It has developed relationships with all Southern Electricity Boards. Its EPC contractors customer base include Larsen & Toubro, ABB Ltd, Reliance Energy Limited etc, Corporates include Taj Group of Hotels, Lakshmi Machine Works, TI Group, Sanmar group etc.Since inception it has supplied over 55,000 transformers of various capacities (upto 60MVA) to over 3000 customers in India. Over the last 8 years, it has exported transformers to Nigeria, Srilanka, U.K., USA, Ghana, Canada, and several other countries.

It manufactures special transformers, which are customer & industry specific. Various technologies have been imported as well as developed to keep abreast with the ever-changing international scenario. It had several technical collaborations in the past with companies such as Honeywell Inc., (Formerly Allied Signals, (USA)), MobleSource Industries Inc etc to manufacture various types of distribution and power transformers.

The Indo Tech Group has diversified into various related areas of business, manufacturing Electrical, Electronic & computer hardware related products, pre - stressed cement casting products in addition to various special application transformers, mobile sub-station transformers & sub - stations. It is currently manufacturing largest mobile transformer of 60MVA capacity and has obtained approval as a supplier of 132KV Power transformer for Power Grid Corporation of India Limited.

The company is having four manufacturing facilities spread between Palakkad in Kerala, Thirumazhisai & Kancheepuram in Chennai, Tamil Nadu. Over 56000 Transformers of different ratings are in service in various Substations and Industries across India and around the world. The plants of the company are capable of manufacturing 500 -600 transformers of assorted sizes every month, and have an overall annual capacity of 2450 MVA.

In 2009 the Company was ranked as No. 1 in the Electrical Machines and Equipment Sector in the Industry 2.0 Top 500 SMBs.
In 2010 the brand of the products of the Company has been changed from ‘Indo-Tech' to 'Prolec GE'.

Research & development- The Company is having its own Research and Development Wing, which has developed ITTEPAC & RADAC. ITTEPAC is Intergrated Total Transformer Electronic Protection and Control, a microprocessor based control, which monitors and controls the various parameters of a transformer such as voltage, current, temperature etc. RADAC is a Remote Controlled Operation of Transformers. It monitors and controls a cluster of Distribution Transformers in a particular area.

The company has two Test laboratories. The Medium Test Laboratory is equipped to test upto 20 MVA 33 KV class including the temperature rise test. The larger power laboratory has state - of - the - art equipments to test upto 100 MVA 220 KV class transformers.

The company is having a good global reach and has exported various transformers to USA, UK, Canada, Nigeria, Germany, Egypt, Singapore, Qatar, Abu Dhabi, Saudi Arabia, Sri Lanka, Japan, Switzerland etc.

The product range of the company includes

Open Ventilated Dry Type Transformers in technical tie-up with E. I. Dupont, ranging between 100KVA/11KV & 2500KVA/33KV class. These transformers are manufactured at Thirumazhisai.Distribution Transformers suitable for use in utilities and industries, ranging between 100KVA /11KV & 3150KVA/33KV.

Furnance transformers Up to 15MVA and 50 kilo amps current rating for Arc Furnace and induction furnace in service.

Mobile Substation Transformers up to 60MVA, voltage upto 220KV of compact design with nomex insulation and unit coolers.

Power Transformers between 5MVA/33KV to 315MVA/400KV including two winding, three winding and auto transformers. Special Transformers with On Load Tap Changer to cater for wide variation upto 40% range for industries, Amorphous Metal Core Distribution Transformers for high efficiency, Auto Booster for 11KV and 33KV application.

The Customers of the company ranges from aqua culture / fish culture, automotive industries, Banks,Cement industry, Chemicals/plastic/rubber, Dairy, Granite, Government department, Construction to Municipalities.

 

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