Quality Power Electrical Equipment Limited is an Indian manufacturer serving global clients in the critical energy transition equipment and power technologies sector. The company provides high-voltage electrical equipment and solutions for electrical grid connectivity and energy transition, specializing in power generation, transmission, distribution, and automation sectors. Incorporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies.
The company has established itself as a specialized manufacturer of critical electrical infrastructure components, focusing on the growing energy transition market. Quality Power Electrical Equipment (QPEEL) offers a range of technology-driven products, comprehensive system solutions, and professional services tailored for the power sector. It is among the few global manufacturers of critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks.
Quality Power El has a market capitalization of ₹5,709 crores as of recent data. The company's shares are traded on both NSE and BSE exchanges under the symbol QPOWER. The Quality Power Electrical Equipments Ltd's 52-week high share price is Rs 822.65 and 52-week low share price is Rs 270.60.
The stock is trading at 13.4 times its book value, while the Stock P/E is 83.7 and Book Value is ₹54.8. The company maintains a strong financial position with ROCE of 28.0% and ROE of 23.2%.
The company's financial performance shows a positive trend with growth in both revenue and net profit.
For the full year ended March 2025, net profit rose 76.74% to Rs 66.17 crore, compared to Rs 37.44 crore in the previous year ended March 2024. Sales also saw an increase of 11.54% to Rs 336.65 crore in the year ended March 2025, up from Rs 301.82 crore during the previous year ended March 2024.
In the quarter ended March 2025, net profit of Quality Power Electrical Equipments rose 27.51% to Rs 19.42 crore, up from Rs 15.23 crore in the corresponding quarter of the previous year. Sales experienced a significant surge of 176.33% to Rs 108.32 crore in Q4 FY25, compared to Rs 39.20 crore in the previous year's quarter.
Quality Power Electrical Equipment's consolidated net profit jumped 23% to Rs 13.83 crore in Q3 FY25 compared to Rs 11.24 crore in the same period last year. However, net sales declined 48.9% YoY to Rs 72.59 crore during the quarter ended 31st December 2024.
- Market Cap: ₹5,709 crores
- Revenue (FY25): ₹336.65 crores (11.54% growth)
- Net Profit (FY25): ₹66.17 crores (76.74% growth)
- EPS (TTM): ₹8.72
- Return on Equity: 23.2%
- Return on Capital Employed: 28.0%
- Promoter Holding: 73.9%
The company manufactures critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, enabling energy transition from renewable sources to power grids. With over 20 years of experience, the company offers reactors, transformers, converters, and grid interconnection solutions globally.
The company operates manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala. In 2011, it acquired 51% of Endoks, a Turkey-based subsidiary with design, assembly, and project management capabilities.
The company has been actively expanding through strategic acquisitions. Quality Power Electrical Equipments has executed and completed the terms of the Share Purchase Agreement, entered into on 25 April 2024, for the acquisition of 5,22,750 equity shares of face value of Rs.10/- each, representing 51% of the Equity Share Capital of Mehru Electrical and Mechanical Engineers (Mehru) from the Promoters of Mehru. Consequently, Mehru Electrical and Mechanical Engineers has become a 51% subsidiary of Quality Power Electrical Equipments.
Commenting on the acquisition of Mehru, Bharanidharan Pandyan, Joint Managing and Whole-Time Director, Quality Power, stated: 'Mehru's expertise in oil-filled and dry-type instrument transformers up to 500kV aligns perfectly with our vision of delivering world-class power equipment solutions. With the growing global demand for grid stability, FACTS, and renewable integration, this acquisition positions us strongly in a multi-billion-dollar market energy products market where the barriers to entry are high due to stringent technical requirements and regulatory compliance.'
Quality Power IPO bidding commenced from February 14, 2025, and concluded on February 18, 2025. The allotment for the Quality Power IPO was finalized on Wednesday, February 19, 2025. The shares were listed on BSE and NSE on February 24, 2025. The counter was listed at Rs 432, exhibiting a premium of 1.65% to the issue price of Rs 425. The IPO was subscribed 1.29 times.
Promoter Holding: 73.9% as of the latest data. Thalavaidurai Pandyan, Chitra Pandyan, Bharanidharan Pandyan, and Pandyan Family Trust are the Promoters of the Company.
In Q4 FY25, the company demonstrated robust financial performance with an 18% revenue increase and a remarkable 74% rise in profit after tax, bolstered by a strong order backlog of nearly INR 750 crores. Strategic initiatives, including international HVDC and FACTS projects, alongside a commitment to R&D, are set to enhance its competitive edge and market presence.
Management remains optimistic about achieving revenue targets of INR 700 to 850 crores for FY25, driven by a growing demand for innovative energy solutions and long-term contracts with utilities.
Quality Power Electrical Equipments announced that the Board of Directors of the Company, at its meeting held on 27 May 2025, inter alia, recommended a final dividend of Rs 1 per equity Share (i.e. 10%), subject to the approval of the shareholders.
Quality Power Electrical Equipments Ltd represents a compelling investment opportunity in the energy transition sector, with strong financial performance, strategic acquisitions, and a focus on critical infrastructure for renewable energy integration. The company's specialized expertise in high-voltage equipment positions it well to capitalize on the growing global demand for grid modernization and energy transition solutions.
