MarketFriction

Voltamp Transformers Ltd

NSE VOLTAMP · BSE 532757 · Heavy Electrical Equipment
₹10,426.00 -0.70%
NSE close2026-10-01
52 week range6,666.00 - 12,863.00
Market cap₹10,748 Cr.
P/E33.9
Microcap 250 Price band 20% Delivery 43.6%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales381408504428398484625424483630617544
Expenses313304403352323384508351389523536463
Operating Profit6910510176759911673941088180
OPM %18%26%20%18%19%20%19%17%19%17%13%15%
Other Income1825232932717361526-1042
Interest001000001000
Depreciation333333434444
Profit before tax8412611910110410212910510413067118
Tax %18%25%22%22%27%28%25%24%24%24%29%23%
Net Profit689594797673978079994891
EPS in Rs67.6593.5192.4578.5274.8672.5595.7178.6377.9497.9347.3590.16
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5636116398298596921,1271,3851,6161,9342,1542,274
Expenses5265515717357446159881,1541,2941,5681,7981,911
Operating Profit3760679411477139231322366355363
OPM %7%10%11%11%13%11%12%17%20%19%16%16%
Other Income28393936972434089856772
Interest011111112112
Depreciation66679981011131515
Profit before tax5993100123113140173260398436406419
Tax %26%22%27%31%21%20%23%23%23%25%25%
Net Profit4472738589112133200307325305317
EPS in Rs43.4771.3772.6383.8688.35110.92131.30197.63303.80321.64301.85313.38
Dividend Payout %29%21%21%27%28%23%27%30%30%31%33%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%25%16%18%
Compounded Profit Growth23%26%14%-3%
Stock Price CAGR30%47%33%47%
Return on Equity17%20%21%17%
Mar 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
Mar 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
CFO/OP-22%-3%165%105%74%120%56%75%99%94%88%68%
Mar 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 %6%11%17%16%18%15%15%19%25%32%29%24%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters38.00%38.00%38.00%38.00%38.00%38.00%38.00%37.80%30.00%30.00%30.00%30.00%
FIIs22.34%23.23%24.84%27.28%28.50%26.70%23.91%23.23%22.85%21.78%22.82%21.53%
DIIs28.45%28.69%26.88%24.30%22.60%23.70%23.53%23.41%29.69%31.38%31.66%33.85%
Government0.02%0.07%0.07%0.07%0.07%0.07%0.07%0.08%0.05%0.05%0.05%0.06%
Public11.18%10.00%10.19%10.35%10.82%11.51%14.48%15.49%17.39%16.79%15.47%14.57%
No. of Shareholders28,90130,22326,75432,02837,19845,15456,96061,98366,97360,91956,67952,732

Fundamentals

Market Cap₹ 10,748 Cr.
Current Price₹ 10,624
Stock P/E33.9
Book Value₹ 1,771
ROCE23.5 %
ROE17.4 %
Dividend Yield0.94 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)-3%
Standalone figures.
Valuation
Market capRs 10,548 Cr
Enterprise valueRs 10,475 Cr
P/E (TTM)33.27x
Price to book5.89x
Price to sales4.64x
EV / EBITDA24.06x
EV / EBIT24.90x
EV / sales4.61x
Price to cash flow75.50x
Earnings yield3.01%
Dividend yield0.96%
P/E, 3-year average27.60x
P/B, 3-year average5.56x
P/E, 5-year average22.27x
P/B, 5-year average4.25x
Profitability
Operating margin (excl. other income)16.50%
Operating margin (incl. other income)19.59%
EBITDA margin19.15%
Pre-tax margin18.43%
Net profit margin13.94%
Net margin, latest quarter16.78%
ROE18.07%
ROCE24.08%
ROA16.10%
ROE, 3-year average21.73%
ROCE, 3-year average28.75%
ROA, 3-year average19.42%
ROE, 5-year average19.93%
ROCE, 5-year average26.27%
ROA, 5-year average17.84%
ROIC (approx.)18.42%
Tax rate24.75%
Other income / net worth3.71%
Growth
Sales growth (latest year)11.35%
Profit growth (latest year)-6.16%
Sales CAGR, 3 years15.85%
Sales CAGR, 5 years25.48%
Profit CAGR, 3 years15.16%
Profit CAGR, 5 years22.17%
Sales growth QoQ-11.90%
Profit growth QoQ90.44%
Sales growth YoY (latest quarter)28.38%
Profit growth YoY (latest quarter)14.67%
Per share
EPS (TTM)Rs 313.38
EPS (latest year)Rs 301.84
EPS (latest quarter)Rs 90.16
EPS, 3-year averageRs 309.10
EPS, 5-year averageRs 251.24
Book value per shareRs 1,771.07
Sales per shareRs 2,247.57
Cash flow per shareRs 138.09
Free cash flow per shareRs 14.83
Dividend per share (latest year)Rs 100.03
Dividend per share, 3-year averageRs 96.69
Dividend per share, 5-year averageRs 77.02
Dividends
Dividend payout33.14%
Dividend payout, 3-year average31.29%
Dividend payout, 5-year average30.18%
Efficiency
Asset turnover1.07x
Fixed asset turnover18.32x
Inventory turnover4.22x
Inventory days87 days
Debtor days46 days
Debtors turnover7.92x
Creditor days3 days
Cash conversion cycle169 days
Working capital days87 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 74 Cr
Net debtRs -73 Cr
Debt to equity0.00x
Net debt / EBITDA-0.17x
Interest coverage264.56x
Current ratio (filing 2026-03-31)4.16x
Quick ratio (filing 2026-03-31)2.16x
Trade payables (filing 2026-03-31)Rs 9 Cr
Owners' fund to total sources88.79%
Debt to assets0.03%
Cash flow
Cash from Operating Activity (latest year)Rs 140 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -104 Cr
Net Cash Flow (latest year)Rs 34 Cr
Free cash flow (latest year)Rs 15 Cr
FCFE (approx.: FCF + change in debt)Rs 13 Cr
Cash from ops / profit, 5 years0.64x
Sales to cash flow15.42x
Statement figures
Net sales (TTM)Rs 2,274 Cr
Net sales (latest year)Rs 2,154 Cr
Sales (latest quarter)Rs 544 Cr
Operating profit excl. other income (latest year)Rs 355 Cr
Operating profit (latest quarter)Rs 80 Cr
Other income (TTM)Rs 72 Cr
EBITDA (TTM)Rs 435 Cr
PBDT (TTM)Rs 434 Cr
Profit before tax (TTM)Rs 419 Cr
Tax (latest year)Rs 100 Cr
Net profit (TTM)Rs 317 Cr
Net profit (latest year)Rs 305 Cr
Net profit (latest quarter)Rs 91 Cr
Depreciation (TTM)Rs 15 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 1,644 Cr
Total expenditure (latest year)Rs 1,798 Cr
Total income (latest year)Rs 2,220 Cr
Share capitalRs 10 Cr
ReservesRs 1,782 Cr
Shareholders' fundsRs 1,792 Cr
Total assetsRs 2,018 Cr
Net blockRs 118 Cr
Capital work in progressRs 108 Cr
InvestmentsRs 995 Cr
ReceivablesRs 272 Cr
InventoryRs 390 Cr
Other liabilitiesRs 226 Cr
Shares outstanding (crore)1.01
Ownership
Promoter holding30.00% (-7.80 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 33.3 is at the 85th percentile of its own 9.4-year range (median 17.7, low 10.2, high 57.0).
P/B 5.89 is at the 81th percentile (median 2.38).
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.
PeriodVOLTAMPNifty 50Difference
1 week-1.5%-2.8% +1.3 pts
1 month-3.3%-6.8% +3.5 pts
3 months+7.5%-7.6% +15.1 pts
6 months+20.0%+0.4% +19.6 pts
1 year+46.1%-9.9% +56.0 pts
2 years-23.7%-13.6% -10.1 pts
3 years+132.3%+14.2% +118.1 pts
5 years+583.9%+27.9% +556.0 pts
63 mutual fund schemes hold about ₹3,445 Cr. Over three months 18 bought more and 27 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.85%701 -7%
HDFC Small Cap Fund1.05%438 -6%
DSP Small Cap Fund1.36%294 -8%
ICICI Pru Manufacturing Fund2.77%199 -7%
HDFC Children's Fund(Lock in)1.79%191 -4%
UTI Mid Cap Fund1.41%180 -7%
Mahindra Manulife Multi Cap Fund1.93%148 +18%
Mahindra Manulife Small Cap Fund2.51%137 +7%
ICICI Pru Energy Opportunities Fund1.56%129 +1%
Mirae Asset Small Cap Fund1.95%112 -17%
UTI Small Cap Fund1.39%73 -3%
Aditya Birla SL Small Cap Fund1.17%73 -10%
Edelweiss Small Cap Fund0.96%70 -11%
ICICI Pru Infrastructure Fund0.71%61 +43%
HDFC Retirement Fund-Equity Plan0.78%55 -20%
UTI Multi Cap Fund2.25%49 +15%
ICICI Pru Aggressive Hybrid Fund(A0.09%48 +328%
Bandhan Small Cap Fund0.10%36 -36%
HDFC Infrastructure Fund1.49%35 +3%
ICICI Pru Multi Cap Fund0.17%34 -5%
Bajaj Finserv Small Cap Fund1.25%33 +8%
ICICI Pru Multi Cap Fund0.17%32 -5%
iSIF Equity Ex-Top 100 Long-Short Fund1.04%26 +1%
ICICI Pru Retirement Fund-Pure Equity Plan1.14%25 +100%
UTI Infrastructure Fund1.11%24 -0%

Red flags

F-score 4 of 8
lookInventory outrunning sales Inventory grew 64% vs sales +11% in 2026
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.

Latest quarter

Jun 2026
Sales ₹544 Cr +28.3% vs Jun 2025. Net profit ₹91 Cr +13.8%.
Against our estimate for Jun 2026: sales +12.1%, profit +17.0% beat. Our estimate for Sep 2026: sales Rs 548 Cr, profit Rs 88 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-24Dividend - Rs 100 Per Share
2025-07-22Annual General Meeting/Dividend - Rs 100 Per Share
2024-07-22Annual General Meeting/Dividend - Rs 90 Per Share
2023-07-31Annual General Meeting/Dividend - Rs 40 Per Share/Special Dividend - Rs 20 Per Share
2022-08-04Annual General Meeting/Dividend - Rs 35 Per Share
2021-09-22 Annual General Meeting/ Dividend - Rs 25 Per Share
2020-08-05 Annual General Meeting
2020-05-18 Interim Dividend - Rs 25 Per Share
2019-08-05 Annual General Meeting/Final Dividend - Rs 15 Per Share/ Special Dividend - Rs 7.5 Per Share
2018-08-03 Annual General Meeting/Dividend- Rs 15 Per Share
2017-08-03 Dividend - Rs.15 Per Share
2016-07-28 Dividend - Rs 12.50/- Per Share
2015-07-30Dividend - Rs 10/- Per Share
2014-07-31Dividend Rs 10 Per Share
2013-07-30Final Dividend Rs.10/- Per Share And Special Dividend Rs.5/- Per Share
2012-07-30Dividend Rs 10 Per Share
2011-07-28Dividend-Rs.9/- Per Share
2010-07-15Dividend-Rs.12.50 Per Share
2009-07-16Dividend-Rs12.50 Pr Share
2008-07-28Dividend - 125%
2007-09-03Dividend-80%
DateTypeWhat it says
2026-08-12Credit RatingCredit Rating
2026-08-06Concall / analyst meetSchedule of meet
2026-07-31Shareholder meetingVoltamp Transformers Limited has submitted the Exchange a copy Scrutinizers report of Annual General Meeting held on July 31, 2026 and Voting Results...
2026-07-31Shareholder meetingProceedings of Annual General Meeting held on July 31, 2026
2026-07-31Board meeting outcomeOutcome of Board Meeting held on July 31, 2026.
2026-07-31Press ReleaseA press release dated July 31, 2026, titled "Press Release in connection with the financial results for the quarter ended June 30, 2026,".
2026-07-31Board meeting outcomeVoltamp Transformers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-07Record DateRecord date for the purpose of Dividend is 24-Jul-2026.
2026-07-07Shareholder meetingNotice of 59th Annual General Meeting to be held on July 31, 2026
2026-06-04Concall / analyst meetSchedule of meet
2026-05-20Concall / analyst meetSchedule of meet
2026-05-14Reply to Clarification- FinaThe Exchange had sought clarification from Voltamp Transformers Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (L...
2026-05-11Clarification - Financial ReThe Exchange has sought clarification from Voltamp Transformers Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (L...
2026-05-05Press ReleaseA press release dated May 05, 2026, titled "Press Release issued by the Company in connection with the financial results for the quarter and year ende...
2026-05-05DividendBoard of Directors at its meeting held on May 05, 2026, recommended dividend on Equity Shares @1000% i.e. ₹ 100/- per share of ₹10/- each ...
2026-05-05Board meeting outcomeOutcome of Board Meeting held on May 05, 2026.
2026-05-05Board meeting outcomeAudited Financial Results of the Company for the quarter and year ended March 31, 2026 along with the Statutory Auditors Report thereon.
2026-04-13Disclosure under SEBI TakeovKUNJAL L. PATEL has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial A...
2026-02-05Press ReleaseA press release dated February 05, 2026, titled "Press Release in connection with the financial results for the quarter and nine months ended December...
2026-02-05Board meeting outcomeBoard meeting held on February 05, 2026.
2026-02-05Board meeting outcomeVoltamp Transformers Limited has submitted to the Exchange, Unaudited Financial Results of the Company for the quarter and nine months ended December ...
2026-02-04Concall / analyst meetSchedule of Intimation of Schedule of Analyst / Institutional Investor Meet
2025-11-27Order winReceiving of orders from Gujarat Energy Transmission Corporation Limited, for ₹85.05 Crore Appx. (inclusive of GST) for supply of various rating...
2025-11-10Concall / analyst meetSchedule of meet
2025-11-08AppointmentAppointment of Mr. Vijay Gupta as Chief Operating Officer (COO), categorised as Senior ManagementPersonnel of the Company, with effect from November 0...
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
2026-09-2920
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Voltamp Transformers Ltd?

Voltamp Transformers Ltd (VOLTAMP) has a market capitalisation of Rs 10,748 Cr. at the 2026-10-01 close.

What is the P/E ratio of Voltamp Transformers Ltd?

Voltamp Transformers Ltd trades at a P/E of 33.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Voltamp Transformers Ltd's latest quarterly results?

In the Jun 2026 quarter, Voltamp Transformers Ltd sales was Rs 544 Cr (+28.3% vs Jun 2025) and net profit was Rs 91 Cr.

What is the 52-week high and low of Voltamp Transformers Ltd?

The 52-week high is Rs 12,863.00 and the 52-week low is Rs 6,666.00.

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