Voltamp Transformers Ltd is a Vadodara-based company that specializes in manufacturing various types of electrical transformers. The company is primarily engaged in the manufacturing of electrical transformers, positioning itself as a prominent player in India's power infrastructure sector. Voltamp Transformers Ltd is an Indian power transformer manufacturer, incorporated in 1963. It is headquartered in Vadodara, Gujarat and operates in the power transformer industry, manufacturing a wide range of power transformers, distribution transformers and special application transformers.
The company serves diverse sectors including government and semi-government projects, refineries, fertilizer plants, cement, steel, chemical, pharmaceuticals, and paper industries. The Company's service centers are situated in Delhi, Chandigarh, Mumbai, Pune, Raipur, Nagpur, Chennai, Bangalore, Secunderabad, Kolkata and Bhubaneshwar. This extensive service network ensures comprehensive customer support across India.
The Company's products include oil filled transformers, cast resin transformers, unitized sub-stations, induction furnace transformers, and lighting transformers. The manufacturing capabilities are impressive, with facility to manufacture oil filled power and distribution transformers up to 160 mega volt-ampere (MVA), 220 kilovolt (kV) class, resin impregnated dry type transformers up to five 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, Germany).
The company has established strategic technical collaborations with German companies, enhancing its technological capabilities and product quality. Additionally, the company produces resin-impregnated dry-type transformers, 11KV Class in technical collaboration with MORA, Germany, along with cast resin dry-type transformers, 33 KV Class in technical collaboration with HTT, Germany.
The Company has its manufacturing plants located at Makarpura, Vadodara and at Savli, District Vadodara. The company has consistently expanded its manufacturing capacity over the years. And accordingly, with this expansion, total installed capacity of the Company went upto 13000 MVA per annum. This substantial capacity enables the company to meet large-scale orders and cater to the growing demand in the transformer market.
Voltamp Transformers commands a market capitalization of ₹9,449 crore as of the latest available data. The company's revenue stands at ₹1,934 crore with a profit of ₹325 crore. The Voltamp Transformers Ltd's 52-week high share price is Rs 14,800.00 and 52-week low share price is Rs 5,900.00.
Voltamp Transformers Ltd announced a 3.5% year-on-year increase in net profit to Rs 96.8 crore for Q4FY25, with revenue rising 23.9% to Rs 624.9 crore. The board recommended a dividend of Rs 100 per share for FY25. This represents a significant achievement, as the Board has declared dividend on Equity Share @1000% i.e. Rs.100/- per equity share of Rs.10/- each for the year ended on March 31 2025.
For the full year,net profit rose 5.87% to Rs 325.41 crore in the year ended March 2025 as against Rs 307.36 crore during the previous year ended March 2024. Sales rose 19.68% to Rs 1934.23 crore in the year ended March 2025 as against Rs 1616.22 crore during the previous year ended March 2024.
- Revenue Growth: Between 2020-2024, the net sales and profits have registered at a 5-year CAGR of 13.3% and 29.3%, respectively.
- Return Ratios: The returns have been strong, with a 5-year average Return on Capital Employed (RoCE) and Return on Equity (RoE) of 15.8% and 12.3%, respectively.
- Debt Position: Company has reduced debt. Company is almost debt free.
- Profit Growth: Company has delivered good profit growth of 30.2% CAGR over last 5 years
With zero leverage, EBITDA margins over 20%, and an order book of ₹1,850 crore, the company remains financially robust. The company entered FY25 with a strong foundation, as Voltamp Transformers entered FY25 with a strong opening order book of Rs 8.4 bn. This healthy order book indicates strong demand for the company's products and positions them for potential growth in the coming year.
Voltamp began FY 2024-25 with an order book of ₹840.66 crore. In the months following, the company secured new orders totaling ₹1008.73 crore, bringing the total unexecuted orders to ₹1022.01 crore (8730 MVA) as of October 2024. This robust order book positions Voltamp favorably to sustain revenue growth through the fiscal year, reflecting strong customer demand and effective contract acquisition.
In a key strategic move, Voltamp has secured a land parcel near Jarod village, Vadodara-Halol Road, Gujarat, to set up a new power transformer manufacturing facility. The new facility is expected to become operational in the April-June quarter of FY 2026-27, further enhancing Voltamp's production capacity and allowing the company to meet the rising domestic and international demand for transformers.
To meet the increasing demand for electricity and transformers, Voltamp Transformers Limited plans to: Invest in a New Manufacturing Unit: A state-of-the-art facility near Vadodara with a capacity of up to 250 MVA and 220 KV rating, entailing a capital expenditure of Rs 200 crore. Capacity Enhancement: The new unit will have an installed capacity of 6000 MVA per annum, with potential for future expansion.
Promoter holding stands at 38.0%, while Promoter holding in Voltamp Transformers Ltd has gone up to 38.00 per cent as of Mar 2025 from 38.00 per cent as of Jun 2024. The company maintains a stable promoter base, ensuring continuity in strategic direction.
Key management personnel include Kunjal L PatelVice Chairman & M.D. and Sanket RathodCompany Sec. & Compli. Officer, providing experienced leadership to drive the company's growth initiatives.
Over the last 5 years, revenue has grown at a yearly rate of 14.54%, vs industry avg of 1.66%. Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors · Over the last 5 years, market share increased from 1.33% to 2.34%
The company is well-positioned to benefit from India's growing power infrastructure needs and the government's focus on renewable energy projects. Voltamp is experiencing a period of strong market momentum, particularly from green energy projects. The Indian government's focus on expanding renewable energy capacities has created new business opportunities for Voltamp.
With a strong order book, a robust balance sheet and a positive outlook for profitability, the company is expected to grow well. The strategic expansion plans and strong financial fundamentals position Voltamp Transformers as a key player in India's power transformation sector.
