Quality Power Electrical Equipments Limited
NSE: QPOWERHeavy Electrical Equipment
Share price
₹1,547.40
+0.99% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
62
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹11,915 Cr
P/E ratio
89.4
P/B ratio
22.1
ROCE
31.7%
ROE
25.3%
Dividend yield
0.1%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step down at Mar 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step down at Mar 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 1.1 times its growth rate, on earnings growth of 81%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Quality Power Electrical Equipments Limited — this one | 81%/yr | 89.4× | ₹1.1 |
| Bharat Heavy Electricals | 36%/yr | 62.0× | ₹1.7 |
| ABB India | — | 92.4× | — |
| Hitachi Energy India Limited | 122%/yr | 119.9× | — |
| CG Power and Industrial Solutions Limited | 10%/yr | 105.9× | ₹10.6 |
| Siemens India | 23%/yr | 85.0× | ₹3.7 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Heavy Electrical Equipment), it ranks 12 of 36 on returns, 4 of 31 on growth, 12 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 31.7% on capital, ahead of 67% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹240 crore of cash from the business and spent ₹190 crore on plant and equipment, with ₹50 crore to spare; it still raised ₹212 crore from lenders and shareholders. And the profit is real: of every 100 rupees it reported over 5 years, about 57 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 44 days for its cash to waiting 71 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 10 checks clear · 80%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Revenue grew 31% and the order book reached ₹1,945 crore, past the target set for next April.
Announced 9 Aug 2026 · Consolidated · Unaudited
Revenue
₹233 Cr
Revenue vs last year
+31.7%
Revenue vs last quarter
-17.1%
Net profit
₹47 Cr
Profit vs last year
+26.3%
Profit vs last quarter
-8.4%
Net margin
20.1%
EPS
₹4.66
Earnings call transcript · 10 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹11,915 Cr
- Prev close
- ₹1,547.40
- 52w High
- ₹1,681
- 52w Low
- ₹581
- Enterprise value
- ₹11,702 Cr
- Beta
- 1.4
- Price CAGR 1y
- 58.0%
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 16.8%
- PEG ratio
- 1.1
- P/E ratio
- 89.4
- P/B ratio
- 22.1
- EV / EBITDA
- 62.9
- Industry P/E
- 48.8
- ROCE
- 31.7%
- ROCE 5y average
- 29.8%
- ROE
- 25.3%
- Debt / Equity
- 0.1
- Interest coverage
- 31.9
- Dividend yield
- 0.1%
- ROE 3y average
- 25.0%
- ROE last year
- 25.0%
Annual P&L
- Annual revenue
- ₹947 Cr
- Annual profit
- ₹186 Cr
- Operating margin
- 19.0%
- Net profit margin
- 19.6%
- EBITDA margin
- 18.8%
- Sales growth 3y
- 55.3%
- Sales growth 5y
- —
- Profit growth 3y
- 81.0%
- Profit growth 5y
- —
- EPS
- ₹15.7
- Sales growth TTM
- 122.0%
- Profit growth TTM
- 90.0%
- Dividend payout
- 6.0%
Quarter P&L
- Sales latest quarter
- ₹233 Cr
- Profit latest quarter
- ₹47 Cr
- YoY quarterly sales growth
- 31.7%
- YoY quarterly profit growth
- 27.0%
- OPM latest quarter
- 17.6%
Balance Sheet
- Book Value
- ₹70.4
- Face Value
- ₹10.0
- Total debt
- ₹40 Cr
- Total cash
- ₹248 Cr
- Borrowings
- ₹40 Cr
- Reserves / Equity
- 6.0
Cash Flow
- Operating cash flow
- ₹80 Cr
- Free cash flow
- -₹31 Cr
- FCF yield
- -0.3%
- Net cash flow
- ₹3 Cr
Shareholding
- Promoter holding
- 73.9%
- FII holding
- 3.4%
- DII holding
- 6.5%
- Public holding
- 16.3%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| B H E L | 437.75 | 62.7 | 1,52,427 | 0.31 | 376.7 | 182.7 | 7,697.7 | 40.3 | 9.1 |
| A B B | 6,892.00 | 94.8 | 1,46,047 | 0.57 | 362.3 | 8.0 | 3,558.9 | 21.0 | 29.9 |
| Hitachi Energy | 31,185.15 | 116.7 | 1,39,000 | 0.03 | 294.2 | 123.5 | 2,493.7 | 68.6 | 29.4 |
| CG Power & Ind | 876.55 | 108.4 | 1,38,098 | 0.15 | 308.3 | 16.3 | 3,280.8 | 14.0 | 26.7 |
| Siemens | 3,706.60 | 87.8 | 1,32,000 | 0.48 | 2,143.1 | -18.6 | 4,713.7 | 14.8 | 21.4 |
| Siemens Ener.Ind | 3,265.45 | 76.2 | 1,16,289 | 0.12 | 440.9 | 67.8 | 2,485.6 | 39.3 | 67.8 |
| GE Vernova T&D | 4,221.00 | 80.0 | 1,08,079 | 0.23 | 363.0 | 24.6 | 1,836.1 | 38.0 | 77.4 |
| Quality Power El | 1,542.55 | 89.7 | 11,946 | 0.06 | 46.7 | 49.6 | 232.7 | 31.7 | 31.7 |
| Median | 437.75 | 33.1 | 5,880 | 0.04 | 41.2 | 15.5 | 466.3 | 20.1 | 23.5 |
Competes with: ABB India, Bharat Heavy Electricals, CG Power and Industrial Solutions Limited, GE Vernova T&D India Limited, Hitachi Energy India Limited, Siemens Energy India Limited, Siemens India
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 142 | 39 | 61 | 94 | 73 | 108 | 177 | 206 | 284 | 281 | 233 |
| Expenses | 131 | 26 | 38 | 86 | 55 | 92 | 146 | 170 | 205 | 251 | 192 |
| Material Cost | 79 | 98 | 127 | 140 | 144 | 123 | |||||
| Change in Inventories | -7.56 | 5.04 | -0.15 | -6.66 | 16 | -14 | |||||
| Purchases of Stock-in-Trade | 0 | 4.60 | 4.07 | 31 | 5.55 | 26 | |||||
| Employee Cost | 11 | 25 | 24 | 23 | 26 | 27 | |||||
| Other Expenses | 9.58 | 14 | 14 | 18 | 59 | 29 | |||||
| Operating Profit | 11 | 14 | 24 | 8 | 17 | 16 | 31 | 36 | 79 | 30 | 41 |
| OPM % | 7.51 | 34 | 38 | 8.58 | 24 | 15 | 18 | 18 | 28 | 11 | 18 |
| Other Income | 6 | 9 | 18 | 8 | 6 | 21 | 17 | 13 | 0 | 29 | 24 |
| Exceptional items (within Other Income) | -0.37 | 0 | 0 | 0 | 0 | 0 | |||||
| Interest | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 4 |
| Profit before tax | 15 | 22 | 41 | 14 | 22 | 36 | 44 | 44 | 74 | 53 | 59 |
| Tax % | 7 | 19 | 18 | 5 | 10 | 14 | 16 | 21 | 15 | 13 | 23 |
| Net Profit | 14 | 18 | 33 | 13 | 20 | 30 | 37 | 35 | 63 | 51 | 47 |
| EPS in Rs | 74,933 | 2.11 | 4.34 | 1.62 | 1.92 | 2.51 | 3.12 | 3.14 | 5.03 | 4.38 | 4.66 |
| Diluted EPS in Rs | 2.67 | 3.12 | 3.14 | 5.03 | 4.38 | 4.66 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 183 | 253 | 302 | 337 | 947 | 1,003 |
| Expenses | 159 | 221 | 263 | 271 | 769 | 817 |
| Material Cost | 208 | 511 | ||||
| Change in Inventories | -9.60 | 15 | ||||
| Purchases of Stock-in-Trade | 2.32 | 45 | ||||
| Employee Cost | 34 | 96 | ||||
| Other Expenses | 37 | 104 | ||||
| Operating Profit | 23 | 32 | 39 | 67 | 178 | 186 |
| OPM % | 13 | 13 | 13 | 20 | 19 | 19 |
| Other Income | 29 | 20 | 30 | 52 | 58 | 66 |
| Exceptional items (within Other Income) | -1.63 | 0 | ||||
| Interest | 1 | 3 | 2 | 2.44 | 7 | 7 |
| Depreciation | 2 | 2 | 3.37 | 4.70 | 13 | 14 |
| Profit before tax | 49 | 48 | 63 | 112 | 216 | 232 |
| Tax % | 14 | 16 | 12 | 11 | 16 | |
| Net Profit | 42 | 40 | 55 | 100 | 186 | 195 |
| EPS in Rs | 1,10,133 | 1,37,400 | 5.19 | 8.54 | 16 | 17 |
| Diluted EPS in Rs | 9.10 | 16 | ||||
| Dividend Payout % | 0 | 0 | 0 | 12 | 6 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- 55%
- TTM
- 122%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- 81%
- TTM
- 90%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- —
- 1 year
- 58%
Return on equity
- 10 years
- —
- 5 years
- 24%
- 3 years
- 25%
- Last year
- 25%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.15 | 72 | 77 | 77 |
| Reserves | 92 | 112 | 81 | 347 | 465 |
| Borrowings | 12 | 11 | 38 | 9 | 40 |
| Other Liabilities | 149 | 189 | 167 | 377 | 526 |
| Minority Interest | 169 | 231 | |||
| Total Liabilities | 253 | 312 | 359 | 810 | 1,108 |
| Fixed Assets | 34 | 40 | 66 | 238 | 267 |
| CWIP | 0 | 1 | 2 | 2 | 73 |
| Investments | 0 | 31 | 48 | 37 | 19 |
| Other Assets | 219 | 241 | 243 | 533 | 750 |
| Total Assets | 253 | 312 | 359 | 814 | 1,108 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from Operating Activity | 9 | 44 | 52 | 55 | 80 |
| Cash from Investing Activity | -13 | -55 | -81 | -93 | -95 |
| Cash from Financing Activity | 2 | -4 | 25 | 171 | 18 |
| Net Cash Flow | -3 | -14 | -4 | 133 | 3 |
| Free Cash Flow | 4 | 28 | 9 | 40 | -31 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 108 | 94 | 96 | 147 | 93 |
| Inventory Days | 139 | 109 | 43 | 185 | 74 |
| Days Payable | 93 | 120 | 116 | 166 | 105 |
| Cash Conversion Cycle | 154 | 82 | 23 | 166 | 63 |
| Working Capital Days | 44 | 5 | -33 | 119 | 71 |
| ROCE % | 28 | 31 | 28 | 32 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-213inr_cr
2026-03-31
order book, Rs crore
1,945inr_cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Quality Power Electrical Equipments Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- CRGO / grain-oriented electrical steel
- aluminium
- capacitor elements
- copper (windings)
- epoxy resins / insulation materials
- insulators / bushings
- power electronic semiconductors (thyristors, IGBTs)
Depends on the price of
- aluminium
- copper
- steel
Sells to
- GE Vernova T&D India Limited · reactors, transformers, power quality solutions
- Hitachi Energy India Limited · reactors, capacitor banks, power quality solutions
- Kalpataru Projects International Limited · high-voltage electrical equipment and grid connectivity products
- Power Grid Corporation · high-voltage electrical equipment, reactors and grid connectivity products
- Siemens India · reactors, power quality solutions and HV components
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Heavy Electrical Equipment
- Classification
- Capital Goods › Heavy Electrical Equipment
- ISIN
- INE0SII01026
Plants
- Aluva / Cochin manufacturing facility · Aluva / Cochin, Kerala
- Ankara facility · Ankara, Turkey
- Bhiwadi manufacturing facility · Bhiwadi, Rajasthan
- Chennai facility · Chennai, Tamil Nadu
- Sangli manufacturing facilities · Sangli / Kupwad, Maharashtra
News impact
Big market events that reach Quality Power Electrical Equipments Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 22 Sep 2026 | unspecified | ₹1 |
|---|---|---|
| 14 Aug 2026 | interim | ₹0.25 |
| 18 Sep 2025 | unspecified | ₹1 |
Splits, bonuses & buybacks
- daily-prices repair: 3 rows from NSE's archive (replace 1, delete 1, insert 1), 2025-03-18..2026-02-01 (docs/flat_day_repair.md)1× · 18 Mar 2025
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY2710 Aug 2026
- Results presentation30 Jun 2026
- Earnings call · Q4FY2614 May 2026
- Earnings call · Q3FY265 Feb 2026
- Annual report · 2024-253 Sep 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.