Indo Tech Transformers Ltd - Stock Valuation and Financial Performance

BSE: 532717 | NSE: INDOTECH | Electric Equipment | Small Cap

Indo Tech Transform. Share Price

936 1.85 0.20%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Indo Tech Transform.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Indo Tech Transformers stock performance -

mw4me loader
P/E Ratio (SA):
24.40
Market Cap:
990.3 Cr.
52-wk low:
163.7
52-wk high:
1,182.2

Is Indo Tech Transformers Ltd an attractive stock to invest in?

1. Is Indo Tech Transformers Ltd a good quality company?

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

2. Is Indo Tech Transformers Ltd undervalued or overvalued?

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.

3. Is Indo Tech Transformers Ltd a good buy now?

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

10 Year X-Ray of Indo Tech Transform.:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -7.8%0.2%-1.2%-6.1%-1.6%-5.2%2.9%6.5%12.1%19.4%-
Value Creation
Index
-1.6-1.0-1.1-1.4-1.1-1.4-0.8-0.5-0.10.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 125157190149220213205206280371473
Sales YoY Gr.-25.4%21%-21.6%48%-3.1%-3.8%0.3%36%32.4%-
Adj EPS -21.9-3.5-3.4-10.5-3.5-7.91.85.911.424.438.2
YoY Gr.-NANANANANANA222.8%92.4%113.5%-
BVPS (₹) 7.7142145.8130.1126.3117.9119.1125.5136.7160.9180.3
Adj Net
Profit
-23.2-3.7-3.6-11.1-3.7-8.426.312.125.941
Cash Flow from Ops. -42.3-13-2.7-11.83.617.4-14.57.821.7-3.9-
Debt/CF from Ops. -400000000-2.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.8%11%21.8%32.4%
Adj EPS NANA136.7%113.5%
BVPS40.2%5%10.5%17.8%
Share Price 31.3% 54.2% 114.6% 453.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-112.2-4.7-2.3-7.6-2.7-6.51.64.98.716.422.4
Op. Profit
Mgn %
-13.9-6-0.5-1.8-0.5-115.57.99.911.5
Net Profit
Mgn %
-18.6-2.4-1.9-7.5-1.7-3.913.14.378.6
Debt to
Equity
20.5000000000.1-
Working Cap
Days
346242218292227220225232179180106
Cash Conv.
Cycle
11710993133104100100105778250

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.40%

Sales growth is growing at healthy rate in last 3 years 21.79%

Net Profit is growing at healthy rate in last 3 years 136.70%

Sales growth is good in last 4 quarters at 48.27%

No data to display

Latest Financials - Indo Tech Transformers Ltd.

Standalone Consolidated
TTM EPS (₹) 38.2 -
TTM Sales (₹ Cr.) 473 -
BVPS (₹.) 180.3 -
Reserves (₹ Cr.) 181 -
P/BV 5.17 -
PE 24.40 -
From the Market
52 Week Low / High (₹) 163.70 / 1182.15
All Time Low / High (₹) 42.50 / 1182.15
Market Cap (₹ Cr.) 990
Equity (₹ Cr.) 10.6
Face Value (₹) 10
Industry PE 77.1

Management X-Ray of Indo Tech Transform.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *40.0040.0040.0058.8358.8358.8358.8358.8358.8358.83
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indo Tech Transform.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales94157190149220213205206280371
Operating Expenses 109166191152221215203195258335
Manufacturing Costs59108101011102019
Material Costs80129151110173165154143196264
Employee Cost 11141617182022232530
Other Costs 13151316202118191722
Operating Profit -15-10-1-3-1-22112236
Operating Profit Margin (%) -16.1%-6.1%-0.5%-2.0%-0.5%-1.0%0.9%5.5%7.9%9.8%
Other Income 1117132515323
Interest 12623222378
Depreciation 3555555555
Exceptional Items 0000000000
Profit Before Tax -19-44-9-4-8061226
Tax 000200-2000
Profit After Tax -19-44-11-4-8261226
PAT Margin (%) -20.0%-2.4%2.1%-7.6%-1.7%-3.9%0.9%3.1%4.4%6.9%
Adjusted EPS (₹)-17.7-3.53.8-10.6-3.5-7.91.85.911.524.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6151155138134125127133145171
Share Capital 11111111111111111111
Reserves -5140144128123115116123135160
Minority Interest0000000000
Debt1250000000011
Long Term Debt0000000001
Short Term Debt125000000009
Trade Payables32344238554557387089
Others Liabilities 19211624192319162329
Total Liabilities 183207213201209193202187238300

Fixed Assets

Gross Block10010110259606667676976
Accumulated Depreciation2935405101419242732
Net Fixed Assets71666254505248444144
CWIP 1000000011
Investments 0000000000
Inventories32403547433446355271
Trade Receivables445265597962746982129
Cash Equivalents 10152310133013224342
Others Assets25322729231521172012
Total Assets 183207213201209193202187238300

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -32-13-3-12417-15822-4
PBT -19-44-9-4-8061226
Adjustment 13418631027911
Changes in Working Capital -26-13-24-8416-17-100-41
Tax Paid 0000000500
Cash Flow From Investing Activity -308-1-1-1-2-3-9-15
Capex 0-111-2-1-1-1-1-3-8
Net Investments 0000-1-1-2-4-6-8
Others -30-21111211
Cash Flow From Financing Activity 34190-1000009
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000012
Interest Paid -11-50-10000-1-1
Dividend Paid 0000000000
Others 452400000009
Net Cash Flow -156-14216-16513-9
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-121.16-4.772.63-7.69-2.71-6.471.534.848.7616.27
ROCE (%)-5.961.444.23-4.06-1.02-4.652.017.2113.8220.84
Asset Turnover Ratio0.580.8710.791.11.061.041.061.321.38
PAT to CFO Conversion(x)N/AN/A-0.75N/AN/AN/A-7.51.331.83-0.15
Working Capital Days
Receivable Days13910310113811212112112798103
Inventory Days116786692736672725661
Payable Days178949213399112121120100110

Indo Tech Transformers Ltd Stock News

Indo Tech Transformers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indo Tech Transform. on 18-Mar-2024 16:59 is ₹936.0.
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 18-Mar-2024 16:59 the market cap of Indo Tech Transform. stood at ₹990.3.
The latest P/E ratio of Indo Tech Transform. as of 18-Mar-2024 16:59 is 24.40.
The latest P/B ratio of Indo Tech Transform. as of 18-Mar-2024 16:59 is 5.17.
The 52-week high of Indo Tech Transform. is ₹1,182.2 and the 52-week low is ₹163.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Tech Transform. is ₹473.2 ( Cr.) .

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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