VOLTAMP

Voltamp Transformers Limited

Power transformers for utilities, industrials and export markets

Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment

voltamptransformers.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹10622.00
Market cap
10,746 Cr
Stock P/E
33.9
P/B
6.00
Dividend yield
0.9%
ROE (FY26)
17.0%
ROCE (FY26)
22.7%
Operating margin (FY26)
15.8%
OCF / EBITDA (FY26)
39.3%
OCF / EBITDA (3Y)
55.1%

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

Voltamp (Voltamp Transformers) makes electrical transformers at its works in Vadodara, Gujarat, and sells them against orders it chooses selectively.

Company snapshot

19thBy market cap

Ranked among 38 companies in Heavy Electrical Equipment.

What we see

Positives
  • ✓Interest coverage of 235.1x — earnings comfortably cover interest obligations.
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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
Sales381 Cr408 Cr504 Cr428 Cr398 Cr484 Cr625 Cr424 Cr483 Cr630 Cr617 Cr544 Cr
Operating expenses (approx.)313 Cr304 Cr403 Cr352 Cr323 Cr384 Cr508 Cr351 Cr389 Cr523 Cr536 Cr463 Cr
EBITDA69 Cr105 Cr101 Cr76 Cr75 Cr99 Cr116 Cr73 Cr94 Cr108 Cr81 Cr80 Cr
OPM %18.0%25.7%20.0%17.7%18.9%20.5%18.6%17.1%19.4%17.1%13.2%14.8%
Other income18 Cr25 Cr23 Cr29 Cr32 Cr7 Cr17 Cr36 Cr15 Cr26 Cr-10 Cr42 Cr
Interest0.31 Cr0.28 Cr1 Cr0.34 Cr0.34 Cr0.34 Cr0.42 Cr0.31 Cr0.60 Cr0.22 Cr0.32 Cr0.45 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr3 Cr4 Cr4 Cr4 Cr4 Cr
Profit before tax84 Cr126 Cr119 Cr101 Cr104 Cr102 Cr129 Cr105 Cr104 Cr130 Cr67 Cr118 Cr
Tax %18.2%25.1%21.7%21.6%26.8%28.2%25.1%24.0%24.3%23.7%28.6%22.6%
Net profit68 Cr95 Cr94 Cr79 Cr76 Cr73 Cr97 Cr80 Cr79 Cr99 Cr48 Cr91 Cr
EPS (₹)₹67.65₹93.52₹92.45₹78.52₹74.87₹72.55₹95.70₹78.63₹77.94₹97.94₹47.35₹90.17

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales668 Cr652 Cr829 Cr859 Cr692 Cr1,127 Cr1,385 Cr1,616 Cr1,934 Cr2,154 CrSign in free for the trailing twelve months
Operating expenses (approx.)608 Cr586 Cr735 Cr751 Cr615 Cr988 Cr1,154 Cr1,294 Cr1,568 Cr1,798 CrSign in free for the trailing twelve months
EBITDA60 Cr66 Cr94 Cr108 Cr77 Cr139 Cr231 Cr322 Cr366 Cr355 CrSign in free for the trailing twelve months
OPM %9.0%10.1%11.3%12.6%11.1%12.3%16.7%19.9%18.9%16.5%Sign in free for the trailing twelve months
Other income39 Cr41 Cr36 Cr15 Cr72 Cr43 Cr40 Cr89 Cr85 Cr67 CrSign in free for the trailing twelve months
Interest0.51 Cr0.56 Cr0.0049 Cr0.0046 Cr0.0001 Cr0.80 Cr0.89 Cr2 Cr1 Cr1 CrSign in free for the trailing twelve months
Depreciation6 Cr6 Cr7 Cr9 Cr9 Cr8 Cr10 Cr11 Cr13 Cr15 CrSign in free for the trailing twelve months
Profit before tax93 Cr100 Cr123 Cr113 Cr140 Cr173 Cr260 Cr398 Cr436 Cr406 CrSign in free for the trailing twelve months
Tax %22.2%26.6%30.8%21.2%20.1%23.3%23.2%22.7%25.4%24.7%Sign in free for the trailing twelve months
Net profit72 Cr73 Cr85 Cr89 Cr112 Cr133 Cr200 Cr307 Cr325 Cr305 CrSign in free for the trailing twelve months
EPS (₹)₹71.37₹72.63₹83.86₹88.34₹110.92₹131.30₹197.63₹303.80₹321.65₹301.85Sign in free for the trailing twelve months
Dividend payout %————22.5%19.0%17.7%19.7%28.0%33.1%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 capital10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr
Reserves555 Cr610 Cr677 Cr738 Cr824 Cr932 Cr1,097 Cr1,343 Cr1,578 Cr1,782 Cr
Borrowings——————————
Other liabilities48 Cr50 Cr64 Cr69 Cr76 Cr119 Cr115 Cr167 Cr188 Cr226 Cr
Total liabilities613 Cr670 Cr751 Cr817 Cr910 Cr1,061 Cr1,223 Cr1,521 Cr1,776 Cr2,018 Cr
Fixed assets (net)37 Cr42 Cr47 Cr57 Cr52 Cr61 Cr67 Cr76 Cr117 Cr117 Cr
CWIP1 Cr3 Cr0.22 Cr1 Cr8 Cr8 Cr0.23 Cr0.68 Cr3 Cr108 Cr
Investments313 Cr352 Cr381 Cr454 Cr492 Cr561 Cr718 Cr922 Cr1,056 Cr995 Cr
Loans & advances——0.68 Cr0.28 Cr0.22 Cr0.25 Cr0.13 Cr0.32 Cr0.41 Cr0.39 Cr
Inventories83 Cr97 Cr108 Cr116 Cr127 Cr209 Cr175 Cr226 Cr237 Cr390 Cr
Trade receivables154 Cr145 Cr177 Cr150 Cr171 Cr190 Cr226 Cr239 Cr293 Cr272 Cr
Cash & bank4 Cr8 Cr11 Cr6 Cr20 Cr13 Cr18 Cr29 Cr39 Cr73 Cr
Other assets21 Cr24 Cr27 Cr33 Cr39 Cr18 Cr19 Cr28 Cr30 Cr63 Cr
Total assets613 Cr670 Cr751 Cr817 Cr910 Cr1,061 Cr1,223 Cr1,521 Cr1,776 Cr2,018 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 activity78 Cr43 Cr32 Cr108 Cr19 Cr66 Cr168 Cr216 Cr219 Cr140 Cr
Cash from investing-60 Cr-20 Cr-11 Cr-86 Cr21 Cr-46 Cr-127 Cr-141 Cr-116 Cr-0.98 Cr
Cash from financing-16 Cr-19 Cr-18 Cr-27 Cr-25 Cr-26 Cr-36 Cr-63 Cr-94 Cr-104 Cr
Net cash flow2 Cr4 Cr3 Cr-5 Cr14 Cr-7 Cr4 Cr12 Cr9 Cr34 Cr
Free cash flow (OCF − Capex)72 Cr30 Cr22 Cr88 Cr9 Cr47 Cr160 Cr197 Cr159 Cr15 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.5%16.2%17.9%15.2%16.8%18.5%23.6%29.5%27.6%22.7%
ROE %12.8%11.8%12.4%11.9%13.5%14.1%18.1%22.7%20.5%17.0%
Debtor days84817864906260545546
Inventory days63715963908462696384
Days payable1114511312
Cash conversion cycle146151136123175144120121117129
OCF / EBITDA %129.8%65.3%34.7%100.0%24.4%47.2%72.8%67.1%59.9%39.3%
OCF / EBITDA % (3 years)——69.9%68.6%57.1%59.3%56.5%65.0%65.6%55.1%
Debt / equity——————————
Current ratio——6.075.265.534.804.903.714.444.16
Net debt / EBITDA-0.06-0.12-0.12-0.05-0.26-0.10-0.08-0.09-0.11-0.21