Indo Tech Transformers Ltd Stock Analysis

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

BSE Share Price Aug 12, 18:03
206.05 0.60 (0.29%)

DeciZen - Make an Informed Decision on Indo Tech Transform.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Indo Tech Transform. Price Chart

P/E Ratio (SA) :
17.95
Market Cap :
218.8 Cr.
52-wk low :
147
52-wk high :
295
Bole Toh?

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 Fair zone.

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

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.

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'12Jun'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % -28.2%-36.6%-7.8%0.2%-1.2%-6.1%-1.6%-5.2%2.9%6.5%-
Value Creation Index -3.0-3.6-1.6-1.0-1.1-1.4-1.1-1.4-0.8-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11591.3125157190149220213205206280
YoY Gr. Rt. %--20.4%37.1%25.4%21%-21.6%48%-3.1%-3.8%0.3%-
Adj EPS -36.8-36.3-21.9-3.5-3.4-10.5-3.5-7.91.85.911.5
YoY Gr. Rt. %-NANANANANANANANA222.8%-
BVPS (₹) 70.718.87.7142145.8130.1126.3117.9119.1125.5136.7
Adj Net Profit -39.1-38.6-23.2-3.7-3.6-11.1-3.7-8.426.312
Cash Flow from Ops. -38.2-14.5-42.3-13-2.7-11.83.617.4-14.57.8-
Debt/CF from Ops. -1.4-4.4-40000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%1.6%-2.2%0.3%
Adj EPS NANANA222.8%
BVPS 6.6-3-0.25.3
Share Price 9.6% 1.7% 34.9% 11.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Jun'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -41.1-96.5-112.2-4.7-2.3-7.6-2.7-6.51.64.98.8
Op. Profit Mgn % -26.9-31.6-13.9-6-0.5-1.8-0.5-115.56
Net Profit Mgn % -34.1-42.3-18.6-2.4-1.9-7.5-1.7-3.913.14.4
Debt to Equity 0.73.220.500000000
Working Cap Days 302279346242218292227220225232173
Cash Conv. Cycle 88801171099313310410010010589

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.80%

Sales growth is good in last 4 quarters at 47.12%

Sales growth has been subdued in last 3 years -2.19%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Indo Tech Transformers Ltd.

Standalone Consolidated
TTM EPS (₹) 11.5 -
TTM Sales (₹ Cr.) 280 -
BVPS (₹.) 136.7 -
Reserves (₹ Cr.) 135 -
P/BV 1.51 -
PE 17.95 -
From the Market
52 Week Low / High (₹) 147.00 / 294.95
All Time Low / High (₹) 42.50 / 807.75
Market Cap (₹ Cr.) 219
Equity (₹ Cr.) 10.6
Face Value (₹) 10
Industry PE 47.9

Management X-Ray of Indo Tech Transform. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.0038.1538.1538.1540.0040.0040.0058.83
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of Indo Tech Transform.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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