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Prices as of 9 Oct 2026 close · Not investment advice

Voltamp Transformers Limited

NSE: VOLTAMPHeavy Electrical Equipment

Share price

₹10,302.00

-0.93% close of 9 Oct 2026

Market cap ₹10,302 CrP/E 32.5

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.

68

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹10,302 Cr

P/E ratio

32.5

P/B ratio

5.8

ROCE

23.5%

ROE

18.0%

Dividend yield

0.9%

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.

Prices as of 9 Oct 2026 close52-week high ₹12,520.0052-week low ₹6,778.50

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 17.8% over the past year, and 7.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 13.4% to 16.1% over the last four years.

Whether it grew faster than its sector

It grew 7.5% a year against a sector median of 10.6% — 3.2 percentage points slower.

Room to re-rate, or risk of de-rating

At 32.5× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 92.4×, across 5 companies. It is against its own five-year median of 23.4×, the 84th percentile of its own range.

Whether growth justifies the valuation

Priced at 2.3 times its growth rate, on earnings growth of 14%.

Profit growthPrice per ₹1 profitPer 1% growth
Voltamp Transformers Limited — this one14%/yr32.5×₹2.3
Bharat Heavy Electricals36%/yr62.0×₹1.7
ABB India—92.4×—
Hitachi Energy India Limited122%/yr119.9×—
CG Power and Industrial Solutions Limited10%/yr105.9×₹10.6
Siemens India23%/yr85.0×₹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 19 of 36 on returns, 19 of 31 on growth, 19 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?

No durable advantage shows in the numbers: it earns 23.5% on capital, ahead of 47% 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 ₹809 crore of cash from the business, spent ₹228 crore on plant and equipment, and returned ₹323 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 61 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 99 days for its cash to waiting 87 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue grew 28% on the year and profit rose 14%.

Announced 31 Jul 2026 · Standalone

Revenue

₹544 Cr

Revenue vs last year

+28.3%

Revenue vs last quarter

-11.9%

Net profit

₹91 Cr

Profit vs last year

+14.0%

Profit vs last quarter

+90.0%

Net margin

16.8%

EPS

₹90.17

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
₹10,302 Cr
Prev close
₹10,302.00
52w High
₹12,863
52w Low
₹6,666
Enterprise value
₹10,201 Cr
Beta
1.2
Price CAGR 1y
47.0%
Price CAGR 3y
35.0%
Price CAGR 5y
48.0%
Price CAGR 10y
29.0%

Ratios

Return on assets
15.1%
PEG ratio
2.3
P/E ratio
32.5
P/B ratio
5.8
EV / EBITDA
28.1
Industry P/E
48.8
ROCE
23.5%
ROCE 5y average
25.8%
ROE
18.0%
Debt / Equity
0.0
Interest coverage
407.0
Dividend yield
0.9%
ROE 3y average
21.0%
ROE last year
17.0%

Annual P&L

Annual revenue
₹2,154 Cr
Annual profit
₹305 Cr
Operating margin
16.0%
Net profit margin
14.2%
EBITDA margin
16.5%
Sales growth 3y
15.9%
Sales growth 5y
25.5%
Profit growth 3y
14.0%
Profit growth 5y
26.0%
EPS
₹302
Sales growth TTM
18.0%
Profit growth TTM
-3.0%
Dividend payout
33.0%

Quarter P&L

Sales latest quarter
₹544 Cr
Profit latest quarter
₹91 Cr
YoY quarterly sales growth
28.4%
YoY quarterly profit growth
13.7%
OPM latest quarter
14.8%

Balance Sheet

Book Value
₹1,792
Face Value
₹10.0
Total debt
₹1 Cr
Total cash
₹74 Cr
Borrowings
₹1 Cr
Reserves / Equity
178.2

Cash Flow

Operating cash flow
₹140 Cr
Free cash flow
₹15 Cr
FCF yield
0.1%
Net cash flow
₹34 Cr

Shareholding

Promoter holding
30.0%
FII holding
21.5%
DII holding
33.9%
Public holding
14.6%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
B H E L430.2061.61,49,7980.31376.7182.77,697.740.39.1
A B B6,765.0093.11,43,3560.57362.38.03,558.921.029.9
Hitachi Energy30,726.10114.91,36,9530.03294.2123.52,493.768.629.4
CG Power & Ind862.85106.81,35,9390.15308.316.33,280.814.026.7
Siemens3,648.7086.41,29,9380.482,143.1-18.64,713.714.821.4
Siemens Ener.Ind3,208.3574.81,14,2560.12440.967.82,485.639.367.8
GE Vernova T&D4,196.0079.51,07,4390.23363.024.61,836.138.077.4
Volt.Transform.10,400.0033.210,5220.9591.214.7543.828.423.5
Median430.2033.25,8450.0441.215.5466.320.123.5

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.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales322381408504428398484625424483630617544
Expenses274313304403352323384508351389523536463
Material Cost376344383430522488
Change in Inventories81-37-4136-47-78
Purchases of Stock-in-Trade000000
Employee Cost191615212419
Other Expenses332933353734
Operating Profit486910510176759911673941088180
OPM %15182620181920191719171315
Other Income231825232932717361526-1042
Exceptional items (within Other Income)000000
Interest0001000001000
Depreciation2333333434444
Profit before tax688412611910110410212910510413067118
Tax %26182522222728252424242923
Net Profit51689594797673978079994891
EPS in Rs50689492797573967978984790
Diluted EPS in Rs967978984790

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5175636116398298596921,1271,3851,6161,9342,1542,274
Expenses4975265515717357446159881,1541,2941,5681,7981,911
Material Cost1,3761,679
Change in Inventories17-90
Purchases of Stock-in-Trade00
Employee Cost6076
Other Expenses115134
Operating Profit203760679411477139231322366355363
OPM %3.8071011111311121720191616
Other Income2128393936972434089856772
Exceptional items (within Other Income)00
Interest001111111211.452
Depreciation766679981011131515
Profit before tax335993100123113140173260398436406419
Tax %152622273121202323232525
Net Profit284472738589112133200307325305317
EPS in Rs284371738488111131198304322302313
Diluted EPS in Rs322302
Dividend Payout %362921212728232730303133

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
14%
5 years
25%
3 years
16%
TTM
18%

Compounded profit growth

10 years
23%
5 years
26%
3 years
14%
TTM
-3%

Stock price CAGR

10 years
29%
5 years
48%
3 years
35%
1 year
47%

Return on equity

10 years
17%
5 years
20%
3 years
21%
Last year
17%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101010
Reserves4314595556106777388249321,0971,3441,5781,782
Borrowings000000000321
Other Liabilities55514850646982119115164186226
Total Liabilities4955216136707518179161,0611,2231,5211,7762,018
Fixed Assets41393843485853626777118118
CWIP10130188013108
Investments2112203133523814544925617189221,056995
Other Assets242262260272321304363431437522599797
Total Assets4955216136707518179161,0611,2231,5211,7762,018

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-10-17843321082066168216219140
Cash from Investing Activity2412-60-20-11-8621-46-127-141-116-1
Cash from Financing Activity-12-12-16-18-18-27-26-26-36-63-94-104
Net Cash Flow2-2243-514-7412934
Free Cash Flow-13-472302288104716119915915

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1029692837864906260545546
Inventory Days7078639684941231238310885126
Days Payable1141116711423
Cash Conversion Cycle161171154177161152206184142158139169
Working Capital Days130135120118106911309982767487
ROCE %61117161815151925322924

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters383838383838383830303030
FIIs222325272927242323222322
DIIs282927242324242330313234
Government0.020.070.070.070.070.070.070.080.050.050.050.06
Public111010101112141517171515
No. of Shareholders28,90130,22326,75432,02837,19845,15456,96061,98366,97360,91956,67952,732

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +45.5% (₹7,078.00 → ₹10,302.00)Brick size ₹316.16 (fixed)Bricks 48
₹8,000₹12,000₹10,302Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹10,302.00 on 9 Oct 2026

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

-101inr_cr

2026-03-31

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

FY revenue / permanent employees + workers, same basis (calc)

4,89,54,545inr

2026-03-31

News

News and filings about Voltamp Transformers Limited. Open one to see why it matters.

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 / silicon electrical steel (core laminations)
  • Copper (winding conductor)
  • Epoxy resin and hardener (cast-resin dry-type transformers)
  • Insulation material (press board, kraft paper)
  • Transformer oil (insulating oil)

Depends on the price of

  • copper
  • steel

Buys from

Sells to

  • Engineers India Limited · Transformers (11-220 kV) for refinery/process EPC projects
  • Larsen & Toubro · Oil-filled & cast-resin dry-type transformers (11-220 kV) for infrastructure/EPC projects
  • Petrofac · Transformers for oil & gas / refinery EPC projects
  • Tata Projects Limited · Transformers for industrial/infrastructure EPC projects
  • Technip · Transformers for energy/refinery EPC projects
  • Thermax Limited · Industrial transformers (11-220 kV) for captive power / process projects
  • Thyssenkrupp · Transformers for industrial/process EPC projects
  • Toyo Engineering · Transformers for process/petrochemical EPC projects

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
INE540H01012

Plants

  • Unit 1 - Makarpura factory · Vadodara, Gujarat
  • Unit 2 - Village Vadadla, Tehsil Savli factory · Savli / Vadodara district, Gujarat
  • Upcoming Jarod facility · Jarod / Vadodara district, Gujarat

News impact

Big market events that reach Voltamp Transformers 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

24 Jul 2026unspecified₹100
22 Jul 2025unspecified₹100
22 Jul 2024unspecified₹90
31 Jul 2023unspecified₹40
31 Jul 2023special₹20
4 Aug 2022unspecified₹35
22 Sep 2021unspecified₹25
18 May 2020interim₹25

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.