TDPOWERSYS

TD Power Systems Limited

TD Power Systems Limited (TDPOWERSYS) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment

Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹735.15
Market cap
22,985 Cr
Stock P/E
83.6
P/B
21.44
Dividend yield
0.1%
ROE (FY26)
22.3%
ROCE (FY26)
30.1%
Operating margin (FY26)
16.5%
Debt / equity (FY26)
0.02
OCF / EBITDA (FY26)
39.1%
OCF / EBITDA (3Y)
34.7%

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.

Loading price history…

Compare with peers

Loading peers…

What you need to know

TD Power Systems designs and manufactures electrical generators, including its own-design 2-pole generators for gas turbines.

Company snapshot

11thBy market cap

Ranked among 38 companies in Heavy Electrical Equipment.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 128.6% of revenue

SegmentRevenue shareRevenuePBTAssets
A) Manufacturing
128.6%
1,197 Cr159 Cr—
A1) Less: Profit/(Loss) of Subsidiries—0 Cr13 Cr—
B)Engineering, procurement and Construction (EPC)—0 Cr-0.10 Cr—
Less: Depreciation—0 Cr-14 Cr—
Less: Sales to Japan Branch—-15 Cr0 Cr—
Less: Sales to Subsidiries—-252 Cr0 Cr—

Shares add up to 129% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.02x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 35% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
2 more signals from the filings.Sign in free to see them all

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

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales274 Cr243 Cr264 Cr274 Cr306 Cr350 Cr348 Cr372 Cr452 Cr443 Cr589 Cr640 Cr
Operating expenses (approx.)227 Cr203 Cr222 Cr225 Cr251 Cr289 Cr283 Cr303 Cr370 Cr362 Cr491 Cr518 Cr
EBITDA47 Cr40 Cr42 Cr48 Cr56 Cr61 Cr65 Cr69 Cr83 Cr80 Cr98 Cr122 Cr
OPM %17.2%16.4%15.9%17.7%18.1%17.5%18.8%18.5%18.3%18.2%16.6%19.0%
Other income3 Cr5 Cr5 Cr3 Cr6 Cr4 Cr11 Cr4 Cr5 Cr4 Cr8 Cr3 Cr
Interest0.08 Cr0.02 Cr0.20 Cr1 Cr1 Cr0.36 Cr0.50 Cr0.42 Cr0.68 Cr0.52 Cr0.28 Cr0.19 Cr
Depreciation5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr6 Cr7 Cr7 Cr
Profit before tax45 Cr40 Cr41 Cr46 Cr56 Cr60 Cr70 Cr67 Cr82 Cr78 Cr99 Cr117 Cr
Tax %26.5%24.7%28.8%22.8%26.3%24.5%24.6%25.7%26.4%28.0%26.9%26.2%
Net profit33 Cr30 Cr29 Cr35 Cr41 Cr45 Cr53 Cr50 Cr60 Cr56 Cr72 Cr86 Cr
EPS (₹)₹2.10₹1.91₹1.86₹2.26₹2.64₹2.88₹3.40₹3.21₹3.85₹3.61₹4.62₹5.52

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales410 Cr438 Cr459 Cr515 Cr594 Cr797 Cr872 Cr1,001 Cr1,279 Cr1,856 CrSign in free for the trailing twelve months
Operating expenses (approx.)402 Cr429 Cr432 Cr482 Cr528 Cr706 Cr742 Cr833 Cr1,048 Cr1,527 CrSign in free for the trailing twelve months
EBITDA8 Cr8 Cr27 Cr33 Cr66 Cr92 Cr130 Cr167 Cr231 Cr330 CrSign in free for the trailing twelve months
OPM %2.0%1.9%5.9%6.4%11.1%11.5%14.9%16.7%18.0%17.8%Sign in free for the trailing twelve months
Other income20 Cr16 Cr9 Cr13 Cr9 Cr17 Cr20 Cr16 Cr24 Cr21 CrSign in free for the trailing twelve months
Interest4 Cr7 Cr3 Cr5 Cr4 Cr2 Cr1 Cr0.31 Cr3 Cr2 CrSign in free for the trailing twelve months
Depreciation28 Cr27 Cr26 Cr22 Cr21 Cr22 Cr21 Cr21 Cr20 Cr23 CrSign in free for the trailing twelve months
Profit before tax-4 Cr-10 Cr7 Cr33 Cr56 Cr92 Cr130 Cr162 Cr232 Cr326 CrSign in free for the trailing twelve months
Tax %-23.6%-51.5%57.3%8.6%20.0%23.3%25.3%27.0%24.6%26.8%Sign in free for the trailing twelve months
Net profit-4 Cr-14 Cr3 Cr30 Cr45 Cr71 Cr97 Cr118 Cr175 Cr239 CrSign in free for the trailing twelve months
EPS (₹)₹-1.33₹-4.34₹0.98₹9.76₹14.83₹22.96₹6.23₹7.58₹11.18₹15.29Sign in free for the trailing twelve months
Dividend payout %————5.1%10.9%19.3%13.2%10.7%10.8%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 capital33 Cr33 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr
Reserves437 Cr416 Cr385 Cr394 Cr440 Cr496 Cr573 Cr674 Cr829 Cr1,041 Cr
Borrowings45 Cr69 Cr61 Cr68 Cr57 Cr71 Cr——12 Cr18 Cr
Other liabilities233 Cr190 Cr271 Cr265 Cr258 Cr309 Cr299 Cr333 Cr491 Cr787 Cr
Total liabilities749 Cr708 Cr748 Cr757 Cr785 Cr907 Cr903 Cr1,038 Cr1,364 Cr1,877 Cr
Fixed assets (net)231 Cr210 Cr196 Cr178 Cr170 Cr160 Cr155 Cr159 Cr181 Cr264 Cr
CWIP0.03 Cr0.0063 Cr0.76 Cr0.65 Cr0.25 Cr0.63 Cr0.23 Cr0.56 Cr17 Cr17 Cr
Investments0.0050 Cr0.0050 Cr10 Cr20 Cr20 Cr261 Cr20 Cr10 Cr0.0050 Cr0.0050 Cr
Inventories80 Cr82 Cr113 Cr144 Cr189 Cr209 Cr199 Cr250 Cr377 Cr503 Cr
Trade receivables161 Cr185 Cr229 Cr173 Cr162 Cr0 Cr269 Cr307 Cr437 Cr742 Cr
Cash & bank45 Cr52 Cr42 Cr81 Cr47 Cr55 Cr42 Cr76 Cr75 Cr78 Cr
Other assets232 Cr180 Cr158 Cr160 Cr197 Cr220 Cr218 Cr235 Cr278 Cr271 Cr
Total assets749 Cr708 Cr748 Cr757 Cr785 Cr907 Cr903 Cr1,038 Cr1,364 Cr1,877 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——48 Cr56 Cr-3 Cr11 Cr89 Cr84 Cr40 Cr129 Cr
Cash from investing——-14 Cr0.05 Cr-8 Cr-5 Cr-10 Cr-33 Cr-34 Cr-102 Cr
Cash from financing——-45 Cr-17 Cr-20 Cr11 Cr-89 Cr-16 Cr-7 Cr-21 Cr
Net cash flow——-10 Cr39 Cr-34 Cr8 Cr-13 Cr34 Cr-1 Cr3 Cr
Free cash flow (OCF − Capex)——35 Cr42 Cr-18 Cr-4 Cr68 Cr57 Cr-16 Cr18 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %0.1%-0.6%2.2%7.8%11.6%15.7%21.6%23.0%26.9%30.1%
ROE %-0.9%-3.2%0.8%7.0%9.6%13.4%16.0%16.8%20.3%22.3%
Debtor days142154181123990112112124146
Inventory days132104139142161138128137153143
Days payable2151512081419310006394117
Cash conversion cycle5910711312316838241186184171
OCF / EBITDA %——177.4%167.6%-4.3%11.9%68.0%50.2%17.1%39.1%
OCF / EBITDA % (3 years)————80.0%33.4%33.5%47.1%40.1%34.7%
Debt / equity0.100.150.150.160.120.130.00—0.010.02
Current ratio1.461.631.641.671.881.914.412.522.261.95
Net debt / EBITDA-0.0043—0.70-0.410.140.17-0.32-0.45-0.27-0.18