Voltamp Transformers Ltd
NSE: VOLTAMP · Heavy Electrical Equipment · sector
₹9,799.00NSE close 2026-10-26
Key numbers
Market cap₹9,914 cr
Price₹9,799.00
52w high / low₹12,863 / ₹6,666
P/E31.3xSector median 27.8x
P/B5.5xSector median 5.4x
Book value₹1,771.1
Dividend yield1.03%Sector median 0.19%
ROE18.8%Sector median 18.8%
ROCE23.5%Sector median 21.4%
OPM16.0%Sector median 15.1%
Debt / equity0.00xSector median 0.09x
EV/EBITDA27.0xSector median 21.4x
Interest cover265.3x
Current ratio4.16x
Sales growth 3y+15.8%Sector median +22.1%
Profit growth 3y+15.2%Sector median +27.5%
PEG2.06x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 43 companies in Heavy Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹102 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 265.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹9,799.00 on 2026-10-26: -23.8% from the 52-week high, +47.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹14,104.95 · low ₹6,275.15
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 398 | 484 | 625 | 424 | 483 | 630 | 617 | 544 |
| EBITDA | 75 | 99 | 116 | 73 | 94 | 108 | 81 | 80 |
| OPM % | 18.9% | 20.5% | 18.6% | 17.1% | 19.4% | 17.1% | 13.2% | 14.8% |
| Other income | 32 | 7 | 17 | 36 | 15 | 26 | -10 | 42 |
| Net profit | 76 | 73 | 97 | 80 | 79 | 99 | 48 | 91 |
| EPS (₹) | 74.87 | 72.55 | 95.70 | 78.63 | 77.94 | 97.94 | 47.35 | 90.17 |
| Revenue YoY | +21.3% | +30.4% | -1.2% | +28.4% | ||||
| Profit YoY | +4.1% | +35.0% | -50.5% | +14.7% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,127 | 1,385 | 1,616 | 1,934 | 2,154 | 2,274 |
| EBITDA | 139 | 231 | 322 | 366 | 355 | 363 |
| Net profit | 133 | 200 | 307 | 325 | 305 | 317 |
| EPS (₹) | 131.30 | 197.63 | 303.80 | 321.65 | 301.85 | 313.40 |
| Revenue growth | +22.9% | +16.7% | +19.7% | +11.3% | +17.8% | |
| Profit growth | +50.5% | +53.7% | +5.9% | -6.2% | -2.6% | |
| Dividend / share (₹) | 25.00 | 35.00 | 40.00 | 90.00 | 100.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +15.9% | +25.5% | +17.8% |
| Net profit | +15.2% | +22.2% | -2.6% |
| EPS | +15.2% | +22.2% | – |
| Share price | – | -13.0% (2y) | +39.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,107 | 1,354 | 1,588 | 1,792 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 85 | 61 | 163 | 102 |
| Total assets | – | 1,223 | 1,521 | 1,776 | 2,018 |
| Fixed assets | – | 67 | 76 | 117 | 117 |
| Capital work in progress | – | 0 | 1 | 3 | 108 |
| Investments | – | 650 | 890 | 932 | 967 |
| Receivables | – | 226 | 239 | 293 | 272 |
| Inventory | – | 175 | 226 | 237 | 390 |
| Payables | – | 3 | 8 | 4 | 9 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 66 | 168 | 216 | 219 | 140 |
| Cash from investing | -46 | -127 | -141 | -116 | -1 |
| Cash from financing | -26 | -36 | -63 | -94 | -104 |
| Capex | 19 | 8 | 19 | 60 | 125 |
| Free cash flow | 47 | 160 | 197 | 159 | 15 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.1% | 22.7% | 20.5% | 17.0% |
| ROCE % | – | 23.6% | 29.5% | 27.6% | 22.7% |
| Debtor days | – | 60 | 54 | 55 | 46 |
| Inventory days | – | 62 | 73 | 62 | 90 |
| Payable days | – | 1 | 3 | 1 | 2 |
| Cash conversion cycle (days) | – | 121 | 124 | 116 | 134 |
| Working capital days | – | 105 | 90 | 104 | 104 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 30.00% |
| FIIs | 20.48% |
| DIIs | 35.48% |
| of which Mutual funds | 31.04% |
| of which Insurance | 3.50% |
| Government | 0.05% |
| Public (non-institutions) | 13.98% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 38.00% | 38.00% | 37.80% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% |
| Promoter group | % |
|---|---|
| Kunjal Lalitkumar Patel | 30.00% |
| Taral Kunjal Patel | 0.00% |
| Aayushi Kunjal Patel | 0.00% |
| Jwalin Kunjal Patel | 0.00% |
| Kunjal Lalitkumar Patel (HUF) | 0.00% |
| Kunjal Lalitkumar Patel (HUF) | 0.00% |
| Public holders above 1% | % |
|---|---|
| Hdfc Small Cap Fund | 6.69% |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 6.35% |
| Nalanda India Equity Fund Limited | 6.00% |
| Icici Prudential Manufacturing Fund | 4.78% |
| Uti-Mid Cap Fund | 3.29% |
| Dsp Small Cap Fund | 2.79% |
| Mahindra Manulife Multi Cap Fund | 2.70% |
| Axis Max Life Insurance Limited A/C - Ulif01311/02/08lifehighgr104 - High Growth Fund | 1.73% |
| Nalanda India Fund Limited | 1.70% |
| Mirae Asset Small Cap Fund | 1.24% |
| The Prudential Assurance Company Limited | 1.04% |
49,435 shareholders. Pledged: 0.00% of promoter shares.
Peers in Heavy Electrical Equipment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BHEL | ₹1,37,384 cr | 47.7x | 5.1x | 11.2% | 13.5% | 10.1% | +13.1% | 0.12% |
| ABB | ₹1,34,715 cr | 45.1x | 14.4x | 36.1% | 22.4% | 14.0% | – | – |
| CGPOWER | ₹1,31,237 cr | 104.9x | 16.5x | 16.5% | 21.3% | 12.5% | +30.7% | 0.16% |
| POWERINDIA | ₹1,19,751 cr | 104.0x | 23.1x | 24.5% | 29.9% | 14.9% | +22.2% | 0.02% |
| SIEMENS | ₹1,16,725 cr | 35.6x | 8.4x | 25.0% | 14.2% | 10.0% | +41.0% | 0.37% |
| ENRIN | ₹98,074 cr | 65.9x | 20.4x | 34.3% | 42.0% | 20.9% | – | 0.14% |
| GVT&D | ₹97,043 cr | 74.3x | 36.1x | 58.5% | 65.5% | 25.2% | +30.8% | 0.13% |
| SUZLON | ₹51,051 cr | 16.3x | 5.4x | 40.4% | 29.2% | 17.7% | +41.0% | – |
| THERMAX | ₹35,902 cr | 60.5x | 6.5x | 11.3% | 12.5% | 8.6% | +9.8% | 0.44% |
| VOLTAMP | ₹9,914 cr | 31.3x | 5.5x | 18.8% | 23.5% | 16.0% | +15.8% | 1.03% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-24 | Dividend | Dividend - Rs 100 Per Share |
| 2025-07-22 | Dividend | Annual General Meeting/Dividend - Rs 100 Per Share |
| 2024-07-22 | Dividend | Annual General Meeting/Dividend - Rs 90 Per Share |
| 2023-07-31 | Dividend | Annual General Meeting/Dividend - Rs 40 Per Share/Special Dividend - Rs 20 Per Share |
| 2022-08-04 | Dividend | Annual General Meeting/Dividend - Rs 35 Per Share |
| 2021-09-22 | Dividend | Annual General Meeting/ Dividend - Rs 25 Per Share |
| 2020-08-05 | Other | Annual General Meeting |
| 2020-05-18 | Dividend | Interim Dividend - Rs 25 Per Share |
| 2019-08-05 | Dividend | Annual General Meeting/Final Dividend - Rs 15 Per Share/ Special Dividend - Rs 7.5 Per Share |
| 2018-08-03 | Dividend | Annual General Meeting/Dividend- Rs 15 Per Share |
| 2017-08-03 | Dividend | Dividend - Rs.15 Per Share |
| 2016-07-28 | Dividend | Dividend - Rs 12.50/- Per Share |
| 2015-07-30 | Dividend | Dividend - Rs 10/- Per Share |
| 2014-07-31 | Dividend | Dividend Rs 10 Per Share |
| 2013-07-30 | Dividend | Final Dividend Rs.10/- Per Share And Special Dividend Rs.5/- Per Share |
| 2012-07-30 | Dividend | Dividend Rs 10 Per Share |
| 2011-07-28 | Dividend | Dividend-Rs.9/- Per Share |
| 2010-07-15 | Dividend | Dividend-Rs.12.50 Per Share |
| 2009-07-16 | Dividend | Dividend-Rs12.50 Pr Share |
| 2008-07-28 | Dividend | Dividend - 125% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturer and Supplier of Electrical Transformers: Manufacturing & Supplying of Oil Filled Transformers, Cast Resin Transformers, Unitized Substation, Induction Furnace Transformers, Lighting Transformers, Ring Main Unit and also providing service after sales relating to Transformers.
| Sector | Industrials |
| Industry | Heavy Electrical Equipment |
| Sub-industry | Heavy Electrical Equipment |
| Symbol | VOLTAMP |
| BSE code | 532757 |
| ISIN | INE540H01012 |
| Face value | ₹10.0 |
| Incorporated | 1967-03-02 |
| Website | https://voltamptransformers.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.