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Voltamp Transformers Ltd (VOLTAMP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532757 NSE: VOLTAMP Electric Equipment | Small Cap | Voltamp Transformers Share Price

₹9,866.65 -84.50 (-0.85%)

As on 02-Jul'26 16:59

Voltamp Transformers Ltd (VOLTAMP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532757 NSE: VOLTAMP Electric Equipment | Small Cap | Voltamp Transformers Share Price

₹9,866.65 -84.50 (-0.85%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹9,982 Cr.
Current Price
₹9,866.7
52-Week Low / High
₹6,670 / 12,826
TTM EPS
₹301.9
TTM Sales
₹2,154 Cr.
Book Value per Share
₹1,771.1
P/E Ratio
32.69
Higher than its 5-year historical median
Industry PE
55.8
Price to Book (P/B)
5.57
Higher than its 5-year historical median
Price to Sales (P/S)
4.63
Higher than its 5-year historical median
EV/EBITDA
23.49
Higher than its 5-year historical median
Dividend Yield
1.01%
Profitability Efficiency
Return on Equity (ROE)
22.13%
Outperforms industry median
Return on Capital Employed (ROCE)
29.77%
Outperforms industry median
Return on Assets (ROA)
19.74%
Operating Profit Margin
18.9%
Net Profit Margin
16.82%
Gross Profit Margin
23.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
19.68%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.61%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
5.87%
Asset Quality
Promoter Holding
30.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,782 Cr.
Equity
₹10.1 Cr.
Face Value
₹10
All Time Low / High
₹265.00 / 14800.00

Voltamp Transformers stock performance

Key Ratios
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Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Voltamp Transformers Ltd a good quality company?
Voltamp Transformers Ltd is a good quality company, based on a consistently good 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 Voltamp Transformers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Voltamp Transformers Ltd vs industry peers?
Voltamp Transformers Ltd revenue CAGR is 17.64%, compared to the industry median CAGR of 13.01%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Voltamp Transformers Ltd?
Promoters hold 30.00% of the Voltamp Transformers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Voltamp Transformers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 28.2% 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.
Voltamp Transformers Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.1%18%17%18.9%15.9%17.8%19.6%25.5%32.5%29.8%-
Value Creation
Index
-0.10.30.20.40.10.30.40.81.41.2-

Growth Parameters

Sales 5636116398298596921,1271,3851,6161,9342,154
Sales YoY Gr.-8.5%4.6%29.8%3.6%-19.4%62.8%22.9%16.7%19.7%-
Adj EPS 36.467.969.181.992.693.1126.1194.5296315.4301.9
YoY Gr.-86.6%1.8%18.5%13.1%0.5%35.5%54.2%52.2%6.6%-
BVPS (₹) 464.1558.5613678.8739.6824.5931.21,094.41,3381,569.21,771.1
Adj Net
Profit
36.868.769.982.993.794.2128197299319305
Cash Flow from Ops. -1.278.142.632.510819.665.6168216219-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 14.7%17.6%19.7%19.7%
Adj EPS 27.1%27.8%35.8%6.6%
BVPS14.5%16.2%19%17.3%
Share Price 28.6% 48.3% 34.1% 3.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.113.311.812.713.111.914.419.224.321.718.1
Op. Profit
Mgn %
6.79.910.511.413.311.212.316.719.918.916.5
Net Profit
Mgn %
6.511.3111010.913.611.314.218.516.514.2
Debt to
Equity
00000000000
Working Cap
Days
1471401461261291671221101039962
Cash Conv.
Cycle
133129133115115145111105969244

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5636116398298596921,1271,3851,6161,934
Operating Expenses + 5265515717357546159881,1541,2941,568
Manufacturing Costs149137145204220171282299414422
Material Costs3243593694674513786207647631,020
Employee Cost 21222429333339405460
Other Costs 31333334503347516266
Operating Profit 3760679410577139231322366
Operating Profit Margin (%) 6.6%9.9%10.5%11.4%12.2%11.2%12.3%16.7%19.9%18.9%
Other Income + 28393936187243408985
Exceptional Items 0000000000
Interest 0111111121
Depreciation 6667998101113
Profit Before Tax 5993100123113140173260398436
Tax 152127382428406091111
Profit After Tax 4472738589112133200307325
PAT Margin (%) 7.8%11.8%11.5%10.2%10.4%16.2%11.8%14.4%19.0%16.8%
Adjusted EPS (₹)43.571.472.683.988.3110.9131.3197.6303.8321.7
Dividend Payout Ratio (%)28.80%21%20.70%26.80%28.30%22.50%26.70%30.40%29.60%31.10%

Valuation of Voltamp Transformers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4705656206877488349421,1071,3541,588
Share Capital 10101010101010101010
Reserves 4595556106777388249321,0971,3431,578
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables4211772384
Others Liabilities 454648635975117112159184
Total Liabilities 5186136707518149161,0611,2231,5211,776

Fixed Assets

Net Fixed Assets +393843485853626777118
Gross Block1024455678487102117137190
Accumulated Depreciation6361219263440506072
CWIP 0130188013
Investments 2203133523814544925617189221,056
Inventories958397108116127209175226237
Trade Receivables149154144177150171190226239293
Cash Equivalents 2481162513182939
Others Assets 14202325303917182830
Total Assets 5186136707518149161,0611,2231,5211,776

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -17843321082066168216219
PBT 5993100123113140173260398436
Adjustment -8-27-25-232-62-32-24-71-65
Changes in Working Capital -3833-4-3122-36-37-7-24-50
Tax Paid -14-21-28-37-30-24-39-62-86-102
Cash Flow From Investing Activity + 12-60-20-11-8621-46-127-141-116
Capex -3-6-13-11-19-10-18-7-18-60
Net Investments 1-66-20-11-7920-42-135-141-89
Others 14121311131115161733
Cash Flow From Financing Activity + -12-16-18-18-27-26-26-36-63-94
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0-1-0-0-0-1-1-1-2-1
Dividend Paid -10-15-18-18-27-25-25-35-61-91
Others -2000000-0-1-1
Net Cash Flow -2243-514-74129

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.6613.9612.412.9812.4614.1814.9619.5124.9822.13
ROCE (%)13.1218.0416.9918.8615.917.8319.5925.532.5129.77
Asset Turnover Ratio1.221.181.021.171.10.81.141.211.181.17
PAT to CFO Conversion(x)-0.021.080.590.381.210.180.50.840.70.67
Working Capital Days
Receivable Days8782.7083.6070.7069.5084.6058.5054.9052.5050.10
Inventory Days52.3048.4050.3045.1047.506454.5050.6045.3043.80
Payable Days9.903.201.6013.206.602.601.202.702.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Voltamp Transformers Ltd FAQs

The current trading price of Voltamp Transformers on 02-Jul-2026 16:59 is ₹9,866.7.

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 01-Jul-2026 the market cap of Voltamp Transformers stood at ₹9,982.2 Cr

The latest P/E ratio of Voltamp Transformers as of 01-Jul-2026 is 32.69.

The latest P/B ratio of Voltamp Transformers as of 01-Jul-2026 is 5.57.

The 52-week high of Voltamp Transformers is ₹12,825.6 and the 52-week low is ₹6,670.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Voltamp Transformers is ₹2,154 ( Cr.) .

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

The key valuation ratios of Voltamp 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 Semi Strong which suggest that the price of Voltamp Transformers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Voltamp Transformers Ltd

Voltamp Transformers Ltd. was initially incorporated as private limited company and established in year 1967 in Vadodara. Further, by a special resolution passed by the shareholders under section 31 and 44 of the Companies Act, 1956, the Company has been converted from private limited to public limited company with effect from 22.02.2006.

The Company has installed facility to manufacture oil filled power and distribution transformers up to 160MVA, 220kV class, resin impregnated dry type transformers up to 5 MVA, 11kv class (in technical collaboration with MORA, GERMANY) and cast resin dry type transformers up to 12.5 MVA, 33 kV class (in technical collaboration with HTT, GERMANY). There are two plants located at;

1.  Makarpura, Vadodara , Gujarat for Power Transformers and 2.  Village Vadadla, Tehsil Savli, Dist. Vadodara, Gujarat for Distribution and Dry Type Transformers. We have started this new unit at Savli for manufacturing of Oil filled distribution transformers and dry type transformers.

The company receives orders from various government and semi-government projects, refineries, fertilizer plants, various other industries and state electricity boards. Many of these transformers are specified by consulting engineering companies.Besides India, the company has presence in Nepal, Bhutan, Indonesia, Sri Lanka and Middle East Asia.

The company has received an ISO 9001 certification from KPMG Peat Marwick LLP, USA for its quality management.

Products

Oil filled transformers- Under this category company manufactures power and distribution transformers.

Cast resin(dry type) transformers-  Under this,  the company manufacture cast resin power and distribution transformers, converter transformers, transformers with On Load Tap Changers (OLTC), motor - starting transformers, testing transformers, etc.

Unitised sub-station- The company manufactures HT Switchgear, Transformer and LT Switchgear and associated equipments to form a composite compartmentalised unitised sub-station.

Induction Furnace – It also manufactures Induction Furnace, which has coil constructed from heavy copper tubing. It is designed and tuned to the inverter circuit which applies a medium frequency (generally 500 Hz or 1000 Hz) voltage to the Induction coil. The magnetic field produced by the induction coil induces eddy currents in the charge and heats it. Medium frequency is necessary to enhance the rate of heat generation.

The company also provides services related to all aspects of assembly, commissioning, maintenance repairing and trouble shooting of transformers.

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