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Last Updated on: 23 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532757 | NSE: VOLTAMP

Voltamp Transformers Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 9:18 pm

Market Cap 9,667 Cr.
Current Price 9,562
High / Low14,800/4,951
Stock P/E28.2
Book Value 1,401
Dividend Yield0.94 %
ROCE31.6 %
ROE24.3 %
Face Value 10.0
PEG Ratio1.15

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Voltamp Transformers Ltd

Competitors of Voltamp Transformers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aartech Solonics Ltd 232 Cr. 73.088.1/42.084.1 9.920.34 %4.81 %1.64 % 5.00
Voltamp Transformers Ltd 9,667 Cr. 9,56214,800/4,95128.2 1,4010.94 %31.6 %24.3 % 10.0
Transformers & Rectifiers India Ltd (TRIL) 11,186 Cr. 745846/110145 38.90.03 %14.8 %9.33 % 1.00
Power Grid Corporation of India Ltd 3,13,480 Cr. 337366/20820.0 99.03.34 %13.2 %19.0 % 10.0
KEC International Ltd 26,596 Cr. 9991,075/56663.1 1900.40 %16.0 %8.80 % 2.00
Industry Average60,617.33 Cr1,957.5072.23290.040.84%13.59%12.61%5.00

All Competitor Stocks of Voltamp Transformers Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales162263315387270318357440322381408504428
Expenses155232281320234271302347274313304403352
Operating Profit731346736465593486910510176
OPM %4%12%11%17%13%15%16%21%15%18%26%20%18%
Other Income131488-01614112318252329
Interest0000000000010
Depreciation2222223323333
Profit before tax184340723360661016884126119101
Tax %12%19%24%28%20%23%24%24%26%18%25%22%22%
Net Profit16353052274651775168959479
EPS in Rs15.6134.6729.7651.2626.3745.4150.1775.6850.1967.6593.5192.4578.52

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales5164455175636116398298596921,1271,3851,6161,722
Expenses4814304975265515717357446159881,1541,2941,372
Operating Profit3415203760679411477139231322350
OPM %7%3%4%7%10%11%11%13%11%12%17%20%20%
Other Income2027212839393697243408995
Interest0000111111122
Depreciation8776667998101112
Profit before tax4634335993100123113140173260398431
Tax %29%23%15%26%22%27%31%21%20%23%23%23%
Net Profit3326284472738589112133200307336
EPS in Rs32.5225.9928.0843.4771.3772.6383.8688.35110.92131.30197.63303.80332.13
Dividend Payout %46%38%36%29%21%21%27%28%23%27%30%30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-21.21%7.69%57.14%63.64%1.39%16.44%4.71%25.84%18.75%50.38%53.50%
Change in YoY Net Profit Growth (%)0.00%28.90%49.45%6.49%-62.25%15.05%-11.73%21.14%-7.09%31.63%3.12%

Voltamp Transformers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:14%
3 Years:33%
TTM:16%
Compounded Profit Growth
10 Years:30%
5 Years:29%
3 Years:48%
TTM:39%
Stock Price CAGR
10 Years:30%
5 Years:55%
3 Years:70%
1 Year:85%
Return on Equity
10 Years:15%
5 Years:17%
3 Years:20%
Last Year:24%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:34 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital10101010101010101010101010
Reserves4004154314595556106777388249321,0971,3441,407
Borrowings0000000000033
Other Liabilities515655514850646982119115164186
Total Liabilities4614814955216136707518179161,0611,2231,5211,606
Fixed Assets52474139384348585362677776
CWIP0010130188019
Investments174218211220313352381454492561718922995
Other Assets235215242262260272321304363431437522526
Total Assets4614814955216136707518179161,0611,2231,5211,606

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +7940-10-17843321082066168216
Cash from Investing Activity +-61-322412-60-20-11-8621-46-127-141
Cash from Financing Activity +-12-18-12-12-16-18-18-27-26-26-36-63
Net Cash Flow6-102-2243-514-7412

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow34.0015.0020.0037.0060.0067.0094.00114.0077.00139.00231.00319.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days103117102969283786490626054
Inventory Days635770786396849412312383108
Days Payable01611411167114
Cash Conversion Cycle166158161171154177161152206184142158
Working Capital Days12313013013512011810691130998277
ROCE %11%7%6%11%17%16%18%15%15%19%25%32%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters50.00%50.00%50.00%50.00%50.00%50.00%50.00%38.00%38.00%38.00%38.00%38.00%
FIIs15.61%15.83%16.25%17.14%13.99%13.66%14.09%22.34%23.23%24.84%27.28%28.50%
DIIs21.41%21.81%21.63%21.86%25.57%25.85%25.68%28.45%28.69%26.88%24.30%22.60%
Government0.00%0.02%0.02%0.00%0.00%0.00%0.00%0.02%0.07%0.07%0.07%0.07%
Public12.98%12.34%12.10%11.00%10.43%10.48%10.22%11.18%10.00%10.19%10.35%10.82%
No. of Shareholders16,92416,99024,31526,20725,12824,54425,55828,90130,22326,75432,02837,198

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund864,3981.52696.2143,2952024-11-221896.53%
HDFC Small Cap Fund - Regular Plan494,6261.2322.5343,2952024-11-221042.46%
HDFC Childrens Gift Fund - Regular Plan279,8202.22182.4643,2952024-11-22546.31%
Kotak Multicap Fund130,0001.0584.7743,2952024-11-22200.27%
HDFC Retirement Savings Fund - Equity - Regular Plan90,1901.3458.8143,2952024-11-22108.32%
Mahindra Manulife Small Cap Fund64,0001.4751.5543,2952024-11-2247.82%
Tata Infrastructure Fund - Regular Plan43,2951.8128.2343,2952024-11-220%
HDFC Defence Fund26,5040.9317.2843,2952024-11-22-38.78%
HDFC Multi Cap Fund26,0160.1516.9643,2952024-11-22-39.91%
Kotak Equity Savings Fund - Regular Plan23,0000.361543,2952024-11-22-46.88%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)303.80197.63131.30110.9288.34
Diluted EPS (Rs.)303.80197.63131.30110.9288.34
Cash EPS (Rs.)315.04207.21139.15119.6797.23
Book Value[Excl.RevalReserv]/Share (Rs.)1337.941094.41931.24824.49739.56
Book Value[Incl.RevalReserv]/Share (Rs.)1337.941094.41931.24824.49739.56
Dividend / Share (Rs.)90.0060.0035.0025.0025.00
Revenue From Operations / Share (Rs.)1597.521369.071114.16684.30848.64
PBDIT / Share (Rs.)406.57267.82179.84147.58120.94
PBIT / Share (Rs.)395.33258.23171.99138.84112.05
PBT / Share (Rs.)393.27257.35171.20138.84112.04
Net Profit / Share (Rs.)303.80197.63131.30110.9288.34
PBDIT Margin (%)25.4419.5616.1421.5614.25
PBIT Margin (%)24.7418.8615.4320.2813.20
PBT Margin (%)24.6118.7915.3620.2813.20
Net Profit Margin (%)19.0114.4311.7816.2010.40
Return on Networth / Equity (%)22.7018.0514.0913.4511.94
Return on Capital Employeed (%)29.1123.3118.2016.6114.98
Return On Assets (%)20.2016.3512.5112.3210.94
Asset Turnover Ratio (%)1.181.211.140.801.10
Current Ratio (X)3.714.904.805.535.26
Quick Ratio (X)2.173.192.813.583.35
Inventory Turnover Ratio (X)5.945.365.414.265.97
Dividend Payout Ratio (NP) (%)19.7417.7119.0422.5330.70
Dividend Payout Ratio (CP) (%)19.0416.8917.9620.8927.89
Earning Retention Ratio (%)80.2682.2980.9677.4769.30
Cash Earning Retention Ratio (%)80.9683.1182.0479.1172.11
Interest Coverage Ratio (X)197.60304.30228.341493127.0026598.48
Interest Coverage Ratio (Post Tax) (X)148.66225.55167.711122169.0019430.80
Enterprise Value (Cr.)9772.122692.771970.551088.52889.36
EV / Net Operating Revenue (X)6.051.941.751.571.04
EV / EBITDA (X)23.769.9410.837.297.27
MarketCap / Net Operating Revenue (X)6.061.961.761.601.04
Retention Ratios (%)80.2582.2880.9577.4669.29
Price / BV (X)7.242.452.111.331.20
Price / Net Operating Revenue (X)6.061.961.761.601.04
EarningsYield0.030.070.060.100.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Voltamp Transformers Ltd as of November 23, 2024 is: 9,690.74

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 23, 2024, Voltamp Transformers Ltd is Undervalued by 1.35% compared to the current share price 9,562.00

Intrinsic Value of Voltamp Transformers Ltd as of November 23, 2024 is: 12,067.48

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 23, 2024, Voltamp Transformers Ltd is Undervalued by 26.20% compared to the current share price 9,562.00

Last 5 Year EPS CAGR: 24.53%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.00%, which is a positive sign.
  2. The company has higher reserves (760.69 cr) compared to borrowings (0.46 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (436.54 cr) and profit (154.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 111.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 165.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Voltamp Transformers Ltd:
    1. Net Profit Margin: 19.01%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 29.11% (Industry Average ROCE: 13.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 22.7% (Industry Average ROE: 12.61%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 148.66
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.17
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 28.2 (Industry average Stock P/E: 72.23)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Voltamp Transformers Ltd. is a Public Limited Listed company incorporated on 02/03/1967 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L31100GJ1967PLC001437 and registration number is 001437. Currently Company is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs. 1127.21 Cr. and Equity Capital is Rs. 10.12 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Transmission/EquipmentMakarpura, Vadodra Gujarat 390014voltamp@voltamptransformers.com
http://www.voltamptransformers.com
Management
NamePosition Held
Mr. Kanubhai S PatelChairman & Managing Director
Mr. Kunjalbhai L PatelVice Chairman & Mng.Director
Mr. Hemant P ShapariaIndependent Director
Mrs. Taral K PatelNon Executive Director
Mr. Jabal C LashkariIndependent Director
Ms. Visha S SuchdeIndependent Woman Director
Mr. Sameer KheraIndependent Director
Mrs. Roopa B PatelIndependent Woman Director

FAQ

What is the latest intrinsic value of Voltamp Transformers Ltd?

The latest intrinsic value of Voltamp Transformers Ltd as on 23 November 2024 is ₹9690.74, which is 1.35% higher than the current market price of ₹9,562.00.

What is the Market Cap of Voltamp Transformers Ltd?

The Market Cap of Voltamp Transformers Ltd is 9,667 Cr..

What is the current Stock Price of Voltamp Transformers Ltd as on 23 November 2024?

The current stock price of Voltamp Transformers Ltd as on 23 November 2024 is 9,562.

What is the High / Low of Voltamp Transformers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Voltamp Transformers Ltd stocks is 14,800/4,951.

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

The Stock P/E of Voltamp Transformers Ltd is 28.2.

What is the Book Value of Voltamp Transformers Ltd?

The Book Value of Voltamp Transformers Ltd is 1,401.

What is the Dividend Yield of Voltamp Transformers Ltd?

The Dividend Yield of Voltamp Transformers Ltd is 0.94 %.

What is the ROCE of Voltamp Transformers Ltd?

The ROCE of Voltamp Transformers Ltd is 31.6 %.

What is the ROE of Voltamp Transformers Ltd?

The ROE of Voltamp Transformers Ltd is 24.3 %.

What is the Face Value of Voltamp Transformers Ltd?

The Face Value of Voltamp Transformers Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Voltamp Transformers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE