QPOWER

Quality Power Electrical Equipments Limited

High-voltage electrical equipment for HVDC and FACTS networks

Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment

qualitypower.com

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Key metrics

Price as of 2026-10-16

Stock price

₹1454.30

Market cap

11,270 Cr

Stock P/E

84.5

P/B

20.79

Dividend yield

0.0%

ROE (FY26)

15.7%

ROCE (FY26)

28.1%

Operating margin (FY26)

17.3%

Debt / equity (FY26)

0.07

OCF / EBITDA (FY26)

45.5%

OCF / EBITDA (3Y)

69.5%

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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What you need to know

Quality Power makes high-voltage electrical equipment, such as reactors, instrument transformers and power-electronics systems for grid links, for utilities, grid operators, engineering contractors and data-centre developers, and says it has customers in over 100 countries.

Company snapshot

17thBy market cap

Ranked among 38 companies in Heavy Electrical Equipment.

What we see

Positives

✓Net margin of 19.6% — the business keeps a healthy share of every rupee it earns.

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Statement tables · Consolidated

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

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	73 Cr	108 Cr	177 Cr	206 Cr	284 Cr	281 Cr	233 Cr
Operating expenses (approx.)	55 Cr	92 Cr	146 Cr	170 Cr	205 Cr	251 Cr	192 Cr
EBITDA	17 Cr	16 Cr	31 Cr	36 Cr	79 Cr	30 Cr	41 Cr
OPM %	24.0%	15.0%	17.5%	17.6%	27.8%	10.8%	17.6%
Other income	7 Cr	22 Cr	17 Cr	13 Cr	0.30 Cr	29 Cr	24 Cr
Interest	0.69 Cr	0.03 Cr	1 Cr	2 Cr	1 Cr	2 Cr	1 Cr
Depreciation	1 Cr	2 Cr	3 Cr	3 Cr	3 Cr	4 Cr	4 Cr
Profit before tax	22 Cr	36 Cr	44 Cr	44 Cr	74 Cr	57 Cr	61 Cr
Tax %	10.3%	14.3%	16.3%	20.6%	15.5%	11.9%	22.8%
Net profit	20 Cr	31 Cr	37 Cr	35 Cr	63 Cr	51 Cr	47 Cr
EPS (₹)	₹1.92	₹2.67	₹3.12	₹3.14	₹5.03	₹4.38	₹4.66

Profit & loss (annual)

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

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	183 Cr	253 Cr	301 Cr	337 Cr	947 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	159 Cr	221 Cr	263 Cr	271 Cr	771 Cr	Sign in free for the trailing twelve months
EBITDA	23 Cr	32 Cr	38 Cr	65 Cr	176 Cr	Sign in free for the trailing twelve months
OPM %	12.7%	12.7%	12.6%	19.4%	18.6%	Sign in free for the trailing twelve months
Other income	29 Cr	20 Cr	31 Cr	56 Cr	60 Cr	Sign in free for the trailing twelve months
Interest	1 Cr	3 Cr	2 Cr	2 Cr	7 Cr	Sign in free for the trailing twelve months
Depreciation	2 Cr	2 Cr	3 Cr	5 Cr	13 Cr	Sign in free for the trailing twelve months
Profit before tax	49 Cr	48 Cr	63 Cr	112 Cr	220 Cr	Sign in free for the trailing twelve months
Tax %	13.8%	16.3%	12.3%	10.8%	15.8%	Sign in free for the trailing twelve months
Net profit	42 Cr	40 Cr	55 Cr	100 Cr	186 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹2.29	₹2.86	₹5.19	₹9.10	₹15.67	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	0.0%	1.1%	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

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0.15 Cr	0.15 Cr	72 Cr	77 Cr	77 Cr
Reserves	92 Cr	112 Cr	81 Cr	347 Cr	465 Cr
Borrowings	12 Cr	11 Cr	38 Cr	9 Cr	35 Cr
Other liabilities	81 Cr	126 Cr	130 Cr	211 Cr	303 Cr
Total liabilities	253 Cr	312 Cr	359 Cr	814 Cr	1,112 Cr
Fixed assets (net)	34 Cr	39 Cr	65 Cr	217 Cr	229 Cr
CWIP	0 Cr	0.69 Cr	2 Cr	2 Cr	73 Cr
Investments	—	31 Cr	48 Cr	37 Cr	19 Cr
Inventories	41 Cr	48 Cr	23 Cr	102 Cr	116 Cr
Trade receivables	54 Cr	65 Cr	79 Cr	137 Cr	242 Cr
Cash & bank	65 Cr	51 Cr	47 Cr	181 Cr	184 Cr
Other assets	59 Cr	78 Cr	94 Cr	138 Cr	249 Cr
Total assets	253 Cr	312 Cr	359 Cr	814 Cr	1,112 Cr

Cash flows

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

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	9 Cr	44 Cr	52 Cr	62 Cr	80 Cr
Cash from investing	21 Cr	-31 Cr	-39 Cr	-93 Cr	-95 Cr
Cash from financing	2 Cr	-4 Cr	25 Cr	171 Cr	18 Cr
Net cash flow	-3 Cr	-14 Cr	-4 Cr	134 Cr	3 Cr
Free cash flow (OCF − Capex)	6 Cr	30 Cr	9 Cr	38 Cr	-49 Cr

Ratios

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	29.4%	27.0%	28.7%	19.0%	28.1%
ROE %	10.3%	11.7%	19.7%	11.1%	15.7%
Debtor days	107	93	97	148	93
Inventory days	137	111	42	178	83
Days payable	92	122	114	161	117
Cash conversion cycle	153	82	24	166	59
OCF / EBITDA %	36.8%	137.8%	136.1%	95.6%	45.5%
OCF / EBITDA % (3 years)	—	—	112.0%	117.0%	69.5%
Debt / equity	0.12	0.09	0.25	0.02	0.07
Current ratio	1.98	1.63	1.40	2.90	2.48
Net debt / EBITDA	-2.33	-1.26	-0.24	-2.63	-0.84