INDOTECH

Indo Tech Transformers Limited

Power transformers and heavy electrical equipment supplier

Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment

indo-tech.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹3067.30
Market cap
3,257 Cr
Stock P/E
32.8
P/B
8.71
ROE (FY26)
24.8%
ROCE (FY26)
33.2%
Operating margin (FY26)
14.8%
Debt / equity (FY26)
0.01
OCF / EBITDA (FY26)
47.3%
OCF / EBITDA (3Y)
56.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Indo Tech Transformers makes and sells power transformers in India for utilities, renewable energy developers, industrial customers and engineering contractors, and is a subsidiary of Shirdi Sai Electricals.

Company snapshot

27thBy market cap

Ranked among 38 companies in Heavy Electrical Equipment.

What we see

Positives
  • ✓Debt-to-equity of 0.01x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales96 Cr139 Cr175 Cr82 Cr146 Cr177 Cr206 Cr164 Cr183 Cr196 Cr239 Cr228 Cr
Operating expenses (approx.)85 Cr124 Cr148 Cr74 Cr123 Cr153 Cr185 Cr140 Cr152 Cr163 Cr207 Cr196 Cr
EBITDA11 Cr15 Cr27 Cr8 Cr23 Cr24 Cr21 Cr24 Cr31 Cr33 Cr32 Cr32 Cr
OPM %11.7%10.9%15.4%10.0%15.7%13.7%10.0%14.6%16.9%16.8%13.5%13.9%
Other income2 Cr0.65 Cr2 Cr2 Cr3 Cr6 Cr5 Cr3 Cr4 Cr2 Cr1 Cr5 Cr
Interest1 Cr0.56 Cr1 Cr0.47 Cr0.47 Cr0.60 Cr0.58 Cr0.51 Cr0.62 Cr0.58 Cr0.51 Cr0.50 Cr
Depreciation1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr
Profit before tax11 Cr14 Cr27 Cr8 Cr25 Cr29 Cr24 Cr25 Cr33 Cr34 Cr32 Cr34 Cr
Tax %36.4%24.0%5.5%29.1%27.7%33.2%13.7%23.4%25.6%25.7%24.9%25.2%
Net profit7 Cr11 Cr26 Cr6 Cr18 Cr19 Cr21 Cr19 Cr25 Cr25 Cr24 Cr26 Cr
EPS (₹)₹6.66₹10.06₹24.08₹5.56₹16.69₹18.15₹19.75₹18.05₹23.33₹23.45₹22.53₹24.20

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales164 Cr226 Cr213 Cr205 Cr206 Cr280 Cr371 Cr504 Cr612 Cr782 CrSign in free for the trailing twelve months
Operating expenses (approx.)169 Cr229 Cr217 Cr206 Cr198 Cr263 Cr340 Cr444 Cr536 Cr662 CrSign in free for the trailing twelve months
EBITDA-5 Cr-3 Cr-4 Cr-0.34 Cr8 Cr17 Cr31 Cr60 Cr76 Cr120 CrSign in free for the trailing twelve months
OPM %-3.0%-1.3%-1.8%-0.2%4.1%6.0%8.2%11.8%12.4%15.4%Sign in free for the trailing twelve months
Other income2 Cr5 Cr1 Cr5 Cr3 Cr2 Cr3 Cr6 Cr16 Cr10 CrSign in free for the trailing twelve months
Interest1 Cr0.47 Cr0.52 Cr0.19 Cr0.15 Cr2 Cr3 Cr4 Cr2 Cr2 CrSign in free for the trailing twelve months
Depreciation5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr4 Cr5 CrSign in free for the trailing twelve months
Profit before tax-9 Cr-4 Cr-8 Cr0.10 Cr6 Cr12 Cr26 Cr57 Cr86 Cr124 CrSign in free for the trailing twelve months
Tax %-24.3%—0.0%-1820.0%1.1%2.3%0.0%18.2%25.7%25.0%Sign in free for the trailing twelve months
Net profit-11 Cr-4 Cr-8 Cr2 Cr6 Cr12 Cr26 Cr47 Cr64 Cr93 CrSign in free for the trailing twelve months
EPS (₹)₹-10.62₹-3.48₹-7.90₹1.81₹5.92₹11.48₹24.20₹44.12₹60.15₹87.26Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr
Reserves128 Cr123 Cr115 Cr116 Cr123 Cr135 Cr160 Cr207 Cr270 Cr363 Cr
Borrowings—————0.56 Cr11 Cr5 Cr8 Cr5 Cr
Other liabilities62 Cr75 Cr68 Cr75 Cr53 Cr93 Cr118 Cr160 Cr147 Cr176 Cr
Total liabilities201 Cr209 Cr193 Cr202 Cr187 Cr238 Cr301 Cr382 Cr436 Cr555 Cr
Fixed assets (net)54 Cr50 Cr52 Cr48 Cr44 Cr41 Cr44 Cr48 Cr49 Cr73 Cr
CWIP0.36 Cr0.21 Cr—0 Cr0 Cr1 Cr1 Cr0.36 Cr6 Cr12 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories47 Cr43 Cr34 Cr46 Cr35 Cr52 Cr71 Cr118 Cr135 Cr197 Cr
Trade receivables59 Cr79 Cr62 Cr74 Cr69 Cr82 Cr129 Cr139 Cr123 Cr121 Cr
Cash & bank2 Cr4 Cr21 Cr4 Cr9 Cr22 Cr13 Cr25 Cr64 Cr63 Cr
Other assets37 Cr31 Cr25 Cr30 Cr30 Cr40 Cr42 Cr51 Cr59 Cr89 Cr
Total assets201 Cr209 Cr193 Cr202 Cr187 Cr238 Cr301 Cr382 Cr436 Cr555 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-12 Cr4 Cr17 Cr-15 Cr8 Cr22 Cr-4 Cr32 Cr56 Cr57 Cr
Cash from investing-1 Cr-0.80 Cr-0.82 Cr-2 Cr-3 Cr-9 Cr-15 Cr-12 Cr-18 Cr-53 Cr
Cash from financing-1 Cr-0.47 Cr-0.38 Cr-0.07 Cr-0.15 Cr-0.11 Cr9 Cr-8 Cr1 Cr-5 Cr
Net cash flow-14 Cr2 Cr16 Cr-16 Cr5 Cr13 Cr-9 Cr12 Cr39 Cr-1 Cr
Free cash flow (OCF − Capex)-14 Cr3 Cr16 Cr-16 Cr7 Cr18 Cr-12 Cr24 Cr40 Cr23 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-5.7%-2.4%-6.3%0.2%4.9%9.7%15.6%27.5%30.5%33.2%
ROE %-8.2%-2.8%-6.7%1.5%4.7%8.4%15.0%21.6%22.8%24.8%
Debtor days1321281051311221061261017356
Inventory days138978099938894110113120
Days payable112125105121101121117795236
Cash conversion cycle1581008010911473103132134141
OCF / EBITDA %————93.0%128.5%-12.9%53.3%73.2%47.3%
OCF / EBITDA % (3 years)————n.m.60.2%45.8%46.3%50.3%56.4%
Debt / equity———0.00—0.00390.070.020.030.01
Current ratio2.172.002.011.952.592.061.972.032.452.58
Net debt / EBITDA————-1.12-1.29-0.05-0.34-0.73-0.48