Indo Tech Transformers Limited is engaged in the business of manufacturing Power, Distribution, Inverter, Convertor special application transformers, catering to various industries like Transmission, Generation, Hydro, Wind, Solar, Steel, Cement, Textiles, Utilities, DESCOMS, etc. The company was founded in 1976 and is headquartered in Kancheepuram, India. Indo Tech Transformers Limited operates as a subsidiary of Shirdi Sai Electricals Limited.
The company has established itself as a significant player in the electrical transformer industry with an impressive track record of service delivery. Over 56,000 Transformers of different ratings up to 245 KV are in service in various Substations and Industries across India and around the world. This extensive installation base demonstrates the company's reliability and market acceptance across diverse industrial applications.
The company's production facilities are located at Kancheepuram and Chennai, Tamil Nadu, with an aggregate installed capacity of 9,684 MVA as on 31 March 2025. The Company manufactures large power transformer facility at Kancheepuram having an installed capacity of 6,000 MVA. The manufacturing setup reflects the company's commitment to scaling operations and meeting growing market demand.
Its product portfolio comprises power and large power transformers up to 200 MVA/ 230 KV and distribution transformers up to 5MVA/33KV. The Company manufactures a range of power transformers between 5MVA/33KV to 31.5MVA/132KV including two winding, three winding and auto transformers.
Indo Tech Transformers Ltd has a market capitalisation of ₹2,265 crore. The company has demonstrated strong financial performance with consistent growth trajectory. For the full year, net profit rose 36.32% to ₹63.88 crore in the year ended March 2025 as against ₹46.86 crore during the previous year ended March 2024. Sales rose 21.58% to ₹611.78 crore in the year ended March 2025 as against ₹503.21 crore during the previous year ended March 2024.
The company has delivered good profit growth of 102% CAGR over the last 5 years, indicating sustained operational excellence and market expansion. Though the company is reporting repeated profits, it is not paying out dividend, suggesting management's focus on reinvesting profits for growth.
• Revenue FY2024-25: ₹611.78 crore (up 21.58% YoY)
• Net Profit FY2024-25: ₹63.88 crore (up 36.32% YoY)
• Operating Profit Margin FY2024-25: 11.76%
• Return on Equity FY2024-25: 25.66%
• Return on Assets FY2024-25: 10.95%
• Market Capitalization: ₹2,265 crore (as of March 2025)
• Promoter Holding: 75.00% (as of Mar 2025)
The company has been actively expanding its operational capacity and securing new business opportunities. The company's board has approved a capital expenditure plan of ₹75 crore aimed at expanding plant capacity. This capacity expansion, which will increase production to 16,000 MVA, is set to be executed over the financial years 2024-2027. The project will be funded through a combination of internal accruals and bank borrowings, including a term loan.
Recent order wins demonstrate the company's competitive positioning in the market. Furthermore, the company has also revealed that it has received Letter of Award (LOA) on 30 December 2024 for supply of 3 Nos of 192 MVA transformers, with the aggregate value of the order at ₹32.32 crore. The company has to supply two transformers by November 2025 and one by December 2025.
The company is almost debt-free. This strong balance sheet position provides financial flexibility for growth investments and reduces financial risk. Debtor days have improved from 100 to 73.1 days, indicating better working capital management.
The company maintains strong promoter confidence with Promoter holding in Indo Tech Transformers Ltd having gone up to 75.00 per cent as of Mar 2025 from 75.00 per cent as of Jun 2024. However, investors should note that Promoters have pledged or encumbered 77.8% of their holding.
The Indo Tech Transformers Ltd's 52-week high share price is ₹3,792.90 and 52-week low share price is ₹1,481.05. Over the last 3 years, Indo Tech Transformers Ltd share price moved up by 957.57% on BSE. This exceptional performance reflects the company's strong operational performance and market recognition.
Current valuation metrics include a Price-to-Earnings ratio of 32.1 and Price-to-Book ratio of 8.20, indicating premium valuation. The company operates in a growing industry driven by infrastructure development, renewable energy expansion, and industrial modernization, positioning it well for continued growth in the evolving energy landscape.
