MarketFriction

TD Power Systems Ltd

NSE TDPOWERSYS · BSE 533553 · Heavy Electrical Equipment
₹792.15 +0.78%
NSE close2026-10-01
52 week range287.73 - 817.55
Market cap₹24,386 Cr.
P/E88.7
Nifty 500Nifty Smallcap 50Nifty Smallcap 100Smallcap 250Nifty Energy Price band 20% Delivery 28.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales274243264274306350348372452443589640
Expenses227203222225251289283303370362491518
Operating Profit4740424856616569838098122
OPM %17%16%16%18%18%17%19%19%18%18%17%19%
Other Income3553641145483
Interest000110001100
Depreciation555555555677
Profit before tax4540414656607067827899117
Tax %27%25%29%23%26%25%25%26%26%28%27%26%
Net Profit333029354145535060567286
EPS in Rs1.050.960.931.131.321.441.701.601.931.802.312.76
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5073804354595155947978721,0011,2791,8562,124
Expenses4983694244294775237017398291,0431,5211,742
Operating Profit9111030387197134171235335383
OPM %1.8%2.8%2.4%7%7%12%12%15%17%18%18%18%
Other Income20201692716242116242120
Interest7696109744882
Depreciation292827262222222121202325
Profit before tax-7-4-107335692130162232326376
Tax %33%24%51%57%9%20%23%25%27%25%27%
Net Profit-9-4-14330457097118175239275
EPS in Rs-0.28-0.13-0.430.100.971.462.273.103.795.597.648.80
Dividend Payout %-110%-135%-41%194%23%17%15%16%15%11%11%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%26%29%54%
Compounded Profit Growth40%43%36%45%
Stock Price CAGR46%88%82%163%
Return on Equity13%20%22%25%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333333333131313131313131
Reserves4614404374163853944404965736748291,041
Borrowings5728456961685271001218
Other Liabilities345292233190271265262309299333491787
Total Liabilities8967937497087487577859079031,0381,3641,877
Fixed Assets272258233213198180174166163186207294
CWIP01111111011717
Investments000010202020201000
Other Assets6245345154955395575907207208421,1401,566
Total Assets8967937497087487577859079031,0381,3641,877
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity47-13-20-34856-311898440129
Cash from Investing Activity-3293-13-0-11-14-13-34-34-105
Cash from Financing Activity-12-3517-45-17-2011-89-16-7-21
Net Cash Flow32-46-97-1039-348-1334-13
Free Cash Flow25-27-24-103758-18-47240-1619
CFO/OP308%-113%-132%28%164%170%10%29%93%72%39%59%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days95112154155182123100110113112125146
Inventory Days628811396129147174134123139165148
Days Payable136145184140192146100978178101121
Cash Conversion Cycle215583111118123174147154173189173
Working Capital Days-38-8115060406478100104120109
ROCE %2%0%1%-0%3%6%12%16%22%25%30%34%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters34.27%34.27%34.27%34.27%34.27%34.26%33.22%26.87%26.87%26.87%26.87%26.87%
FIIs10.11%11.35%12.85%14.84%16.24%17.79%19.12%23.70%23.55%24.36%26.69%26.18%
DIIs33.14%32.81%32.36%31.53%29.64%26.90%24.91%25.30%25.39%23.19%22.24%23.88%
Public22.49%21.58%20.53%19.34%19.85%21.02%22.74%24.13%24.18%25.56%24.20%23.07%
Others0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders51,76360,28768,41680,38491,3591,00,5851,00,7411,07,4251,08,6671,17,1701,15,0891,34,081

Fundamentals

Market Cap₹ 24,386 Cr.
Current Price₹ 777
Stock P/E88.7
Book Value₹ 34.3
ROCE34.0 %
ROE24.7 %
Dividend Yield0.14 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)54%
Compounded Profit Growth (TTM)45%
Consolidated figures.
Valuation
Market capRs 24,850 Cr
Enterprise valueRs 24,670 Cr
P/E (TTM)90.37x
Price to book23.19x
Price to sales11.70x
EV / EBITDA61.30x
EV / EBIT65.38x
EV / sales11.61x
Price to cash flow192.53x
Earnings yield1.11%
Dividend yield0.10%
P/E, 3-year average21.93x
P/B, 3-year average4.41x
P/E, 5-year average16.02x
P/B, 5-year average3.09x
Profitability
Operating margin (excl. other income)18.07%
Operating margin (incl. other income)19.22%
EBITDA margin18.95%
Pre-tax margin17.68%
Net profit margin12.94%
Net margin, latest quarter13.48%
ROE24.72%
ROCE34.01%
ROA14.74%
ROE, 3-year average21.70%
ROCE, 3-year average29.91%
ROA, 3-year average13.82%
ROE, 5-year average19.27%
ROCE, 5-year average25.94%
ROA, 5-year average12.10%
ROIC (approx.)31.00%
Tax rate26.78%
Other income / net worth1.98%
Growth
Sales growth (latest year)45.16%
Profit growth (latest year)36.77%
Sales CAGR, 3 years28.62%
Sales CAGR, 5 years25.61%
Profit CAGR, 3 years35.11%
Profit CAGR, 5 years39.50%
Sales growth QoQ8.63%
Profit growth QoQ19.53%
Sales growth YoY (latest quarter)72.10%
Profit growth YoY (latest quarter)72.34%
Per share
EPS (TTM)Rs 8.77
EPS (latest year)Rs 15.28
EPS (latest quarter)Rs 2.75
EPS, 3-year averageRs 11.35
EPS, 5-year averageRs 12.58
Book value per shareRs 34.16
Sales per shareRs 67.72
Cash flow per shareRs 4.11
Free cash flow per shareRs 0.61
Dividend per share (latest year)Rs 1.64
Dividend per share, 3-year averageRs 1.31
Dividend per share, 5-year averageRs 1.69
Dividends
Dividend payout10.73%
Dividend payout, 3-year average11.99%
Dividend payout, 5-year average13.51%
Efficiency
Asset turnover0.99x
Fixed asset turnover6.32x
Inventory turnover2.54x
Inventory days144 days
Debtor days146 days
Debtors turnover2.50x
Creditor days121 days
Cash conversion cycle173 days
Working capital days109 days
Leverage
Total debtRs 18 Cr
Cash and bankRs 199 Cr
Net debtRs -180 Cr
Debt to equity0.02x
Net debt / EBITDA-0.45x
Interest coverage225.94x
Current ratio (filing 2026-03-31)1.95x
Quick ratio (filing 2026-03-31)1.32x
Trade payables (filing 2026-03-31)Rs 412 Cr
Owners' fund to total sources57.11%
Debt to assets0.96%
Cash flow
Cash from Operating Activity (latest year)Rs 129 Cr
Cash from Investing Activity (latest year)Rs -105 Cr
Cash from Financing Activity (latest year)Rs -21 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 19 Cr
FCFE (approx.: FCF + change in debt)Rs 25 Cr
Cash from ops / profit, 5 years0.51x
Sales to cash flow14.38x
Statement figures
Net sales (TTM)Rs 2,124 Cr
Net sales (latest year)Rs 1,856 Cr
Sales (latest quarter)Rs 640 Cr
Operating profit excl. other income (latest year)Rs 335 Cr
Operating profit (latest quarter)Rs 122 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 402 Cr
PBDT (TTM)Rs 401 Cr
Profit before tax (TTM)Rs 376 Cr
Tax (latest year)Rs 87 Cr
Net profit (TTM)Rs 275 Cr
Net profit (latest year)Rs 239 Cr
Net profit (latest quarter)Rs 86 Cr
Depreciation (TTM)Rs 25 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 1,277 Cr
Total expenditure (latest year)Rs 1,521 Cr
Total income (latest year)Rs 1,877 Cr
Share capitalRs 31 Cr
ReservesRs 1,041 Cr
Shareholders' fundsRs 1,072 Cr
Total assetsRs 1,877 Cr
Net blockRs 294 Cr
Capital work in progressRs 17 Cr
InvestmentsRs 0 Cr
ReceivablesRs 742 Cr
InventoryRs 503 Cr
Other liabilitiesRs 787 Cr
Shares outstanding (crore)31.37
Ownership
Promoter holding26.87% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 90.4 is at the 89th percentile of its own 7.4-year range (median 44.9, low 10.4, high 164.4).
P/B 23.19 is at the 98th percentile (median 2.65).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTDPOWERSYSNifty 50Difference
1 week+6.8%-2.8% +9.5 pts
1 month+4.5%-6.8% +11.3 pts
3 months+45.1%-7.6% +52.7 pts
6 months+86.1%+0.4% +85.7 pts
1 year+175.3%-9.9% +185.3 pts
2 years+301.5%-13.6% +315.0 pts
3 years+514.3%+14.2% +500.1 pts
5 years+2301.2%+27.9% +2273.3 pts
117 mutual fund schemes hold about ₹6,408 Cr. Over three months 43 bought more and 71 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund1.82%1,500 -18%
ICICI Pru Energy Opportunities Fund3.05%252 -6%
Axis Focused Fund2.10%240 -9%
Sundaram Large and Mid Cap Fund3.06%221 -36%
HSBC Midcap Fund1.22%210 -42%
Aditya Birla SL Small Cap Fund3.29%205 -4%
Aditya Birla SL Multi-Cap Fund2.57%194 -5%
Axis Multicap Fund1.70%187 +102%
Axis Large & Mid Cap Fund1.06%184 +33%
HSBC Multi Cap Fund3.01%183 +7%
Axis Large & Mid Cap Fund1.06%179 +33%
HSBC Flexi Cap Fund2.18%131 -28%
Mirae Asset Aggressive Hybrid Fund1.33%128 +45%
Nippon India Power & Infra Fund1.53%123 +46%
Axis India Manufacturing Fund1.86%108 +35%
UTI Small Cap Fund1.86%98 -46%
HSBC Aggressive Hybrid Fund1.41%82 -17%
Axis Midcap Fund0.23%80 +100%
Bajaj Finserv Small Cap Fund2.78%74 -11%
Sundaram Business Cycle Fund4.20%73 -13%
HSBC Infrastructure Fund2.88%71 -14%
Axis Flexi Cap Fund0.50%70 +100%
Axis Flexi Cap Fund0.50%68 +100%
HDFC Infrastructure Fund2.81%65 -24%
HSBC Large & Mid Cap Fund1.09%65 -33%

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was 48% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-05-22Nikhil KumarPromoterssell4,500,000Rs 207.43 CrMarket Sale
2025-05-22Saphire Finman Services LLPPromoterssell3,300,000Rs 152.26 CrMarket Sale
2025-05-22Hitoshi MatsuoPromoterssell2,100,000Rs 96.62 CrMarket Sale
2025-05-22Lavanya SankaranOthersell1,600,000Rs 74.12 CrMarket Sale
2025-03-18Sagir Mohib KherichaPromoter Groupbuy4,000Rs 0.14 CrMarket Purchase
2025-03-13Sagir Mohib KherichaEmployees/Designated Employebuy5,000Rs 0.16 CrMarket Purchase
2025-03-12Sagir Mohib KherichaPromoter Groupbuy5,000Rs 0.17 CrMarket Purchase
2025-03-11Aarya Sankaran KumarPromoter Groupbuy2,000Rs 0.07 CrMarket Purchase
2025-03-10Sagir Mohib KherichaPromoter Groupbuy15,000Rs 0.53 CrMarket Purchase
2025-03-07Aarya Sankaran KumarPromoter Groupbuy4,000Rs 0.14 CrMarket Purchase
2025-03-06Sagir Mohib KherichaPromoter Groupbuy11,000Rs 0.37 CrMarket Purchase
2025-02-24Aarya Sankaran KumarPromoter Groupbuy15,100Rs 0.50 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹640 Cr +72.0% vs Jun 2025. Net profit ₹86 Cr +72.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-24Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share0.5000
2026-08-05Dividend - Rs 1.10 Per Share
2025-11-06Interim Dividend - Re 1 Per Share
2025-07-30Dividend - Re 0.65 Per Share
2024-11-11Interim Dividend - Re 0.60 Per Share
2024-08-06Annual General Meeting/Dividend - Rs 0.60 Per Share
2023-11-22Interim Dividend - Re 0.50 Per Share
2023-08-02Annual General Meeting/Dividend - Re 0.50 Per Share
2023-02-20Interim Dividend - Re 0.50 Per Share
2022-10-31Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2022-09-19Annual General Meeting/Dividend - Rs 3.50 Per Share
2021-09-16 Annual General Meeting/Dividend - Rs 2.50 Per Share
2020-09-17 Annual General Meeting/Dividend - Rs 0.75 Per Sh
2020-02-24 Interim Dividend - Rs 1.50 Per Share
2019-08-01 Annual General Meeting/Dividend - Rs 2 Per Share
2018-09-18 Annual General Meeting/Dividend Rs 1.8 Per Share
2017-09-19 Annual General Meeting/Dividend - Rs 1.80 Per Share
2016-09-14 Annual General Meeting/Dividend - Rs 3.05/- Per Share
2015-09-15 Annual General Meeting/ Dividend - Rs 2.645/- Per Share
2014-08-01Annual General Meeting / Dividend - Rs 2.30/- Per Share
2013-09-11Annual General Meeting/Dividend Rs 2/- Per Share
2012-07-05Annual General Meeting/Dividend Rs 2 Per Share
DateTypeWhat it says
2026-10-02UpdatesReceipt of listing approval for 12,50,000 equity shares allotted on preferential basis.
2026-10-01Order winBagging/Receiving of orders/contracts
2026-09-24Concall / analyst meetSchedule of meet
2026-09-24Concall / analyst meetSchedule of meet
2026-09-21AllotmentAllotment of 12,50,000 equity shares pursuant to Preferential Issue.
2026-09-12General UpdatesReceipt of In-principle approval for the issue of 12,50,000 equity shares to Promoters on a preferential basis
2026-09-10Shareholder meetingVoting results.
2026-09-10Shareholder meetingProceedings of Extraordinary General Meeting held on September 10, 2026
2026-08-18Concall / analyst meetTranscript for the quarter ended June 30, 2026.
2026-08-17Shareholder meetingNotice of Extraordinary General Meeting to be held on September 10, 2026
2026-08-14Arrangements for strategic, Build-to-Print Manufacturing Framework Agreement with Siemens Energy, Inc.
2026-08-14General Updates- Fund Raising
2026-08-14Board meeting outcomeOutcome of Board Meeting held on August 14, 2026. -Fund Raising
2026-08-12Record DateRecord date for the purpose of Split/Subdivision is 24-Aug-2026.
2026-08-12Shareholder meetingVoting results.
2026-08-12Shareholder meetingProceedings of Annual General Meeting held on August 12, 2026
2026-08-12Concall / analyst meetLink of Recording
2026-08-11Investor PresentationInvestor Presentation
2026-08-11AppointmentAppointment of Internal Auditor of the company w.e.f. August 11, 2026.
2026-08-11Board meeting outcomeOutcome of Board Meeting held on August 11, 2026.
2026-08-11Board meeting outcomeTD Power Systems Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10Concall / analyst meetSchedule of meet - Motilal Oswal 22nd Annual Global Investor Conference.
2026-08-03Concall / analyst meetSchedule of meet
2026-07-17Record DateRecord date for the purpose of Dividend is 05-Aug-2026.
2026-07-17General UpdatesCommunication to Shareholders regarding TDS.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-291,030
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-02-21NCLTtd power systems ltd. Vs boom systems pvt. Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Close to Close price movement greater than 100perc in previous 365 daysClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 75perc in previous 3 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of TD Power Systems Ltd?

TD Power Systems Ltd (TDPOWERSYS) has a market capitalisation of Rs 24,386 Cr. at the 2026-10-01 close.

What is the P/E ratio of TD Power Systems Ltd?

TD Power Systems Ltd trades at a P/E of 88.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were TD Power Systems Ltd's latest quarterly results?

In the Jun 2026 quarter, TD Power Systems Ltd sales was Rs 640 Cr (+72.0% vs Jun 2025) and net profit was Rs 86 Cr.

What is the 52-week high and low of TD Power Systems Ltd?

The 52-week high is Rs 817.55 and the 52-week low is Rs 287.73.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03