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Last Updated: April 2, 2026, 3:47 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533553 | NSE: TDPOWERSYS

TD Power Systems Ltd (TDPS): Intrinsic Value & Share Price Analysis

Fair Value

₹674.60Overvalued by 21.83%vs CMP ₹863.00

P/E (61.4) × ROE (22.3%) × BV (₹61.50) × DY (0.14%)

₹302.97Overvalued by 64.89%vs CMP ₹863.00
MoS: -184.8% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹846.1023%Fair (-2%)
Graham NumberEarnings₹139.4817%Over (-83.8%)
Earnings PowerEarnings₹63.8711%Over (-92.6%)
DCFCash Flow₹343.3811%Over (-60.2%)
Net Asset ValueAssets₹61.557%Over (-92.9%)
EV/EBITDAEnterprise₹128.359%Over (-85.1%)
Earnings YieldEarnings₹140.607%Over (-83.7%)
ROCE CapitalReturns₹59.387%Over (-93.1%)
Revenue MultipleRevenue₹81.916%Over (-90.5%)
Consensus (9 models)₹302.97100%Overvalued
Key Drivers: EPS CAGR 25.4% lifts DCF — verify sustainability. | Wide model spread (₹59–₹846) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 25.4%

*Investments are subject to market risks

Investment Snapshot

78
TD Power Systems Ltd (TDPS) scores 78/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 30.4% ExcellentROE 22.3% ExcellentD/E 0.11 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 5.24% (6mo) AccumulatingDII holding down 1.72% MF sellingPromoter holding at 26.9% Stable
Earnings Quality65/100 · Strong
OPM expanding (14% → 18%) Improving
Quarterly Momentum90/100 · Strong
Revenue (4Q): +35% YoY AcceleratingProfit (4Q): +46% YoY Strong
Industry Rank65/100 · Strong
P/E 61.4 vs industry 37.1 Premium to peersROCE 30.4% vs industry 15.8% Above peersROE 22.3% vs industry 13.1% Above peers3Y sales CAGR: 17% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

TD Power Systems Ltd (TDPS) Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 61.4 vs Ind 37.1 | ROCE 30.4% | ROE 22.3% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.11x | IntCov 0.0x | Current 1.88x | Borrow/Reserve 0.04x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹175 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.81 pp | DII -2.20 pp | Prom 0.00 pp
Business Momentum
-10
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -2.0% | Q NP -6.7% | Q OPM 0.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-64.9%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.04xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.81 ppLatest FII% minus previous FII%
DII Change-2.20 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+8,503Latest shareholder count minus previous count
Quarterly Sales Change-2.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-6.7%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change0.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:47 am

Market Cap 13,475 Cr.
Current Price 863
Intrinsic Value₹302.97
High / Low 933/311
Stock P/E61.4
Book Value 61.5
Dividend Yield0.14 %
ROCE30.4 %
ROE22.3 %
Face Value 2.00
PEG Ratio2.42

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

View Share Price Target for TD Power Systems Ltd (TDPS)

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
TD Power Systems Ltd (TDPS) 13,475 Cr. 863 933/31161.4 61.50.14 %30.4 %22.3 % 2.00
LMW Ltd 13,275 Cr. 12,426 18,250/11,729109 2,6490.24 %4.48 %3.04 % 10.0
Inox Wind Ltd 13,918 Cr. 80.5 198/74.927.7 38.60.00 %11.5 %11.7 % 10.0
Triveni Turbine Ltd 14,434 Cr. 454 675/42840.9 40.90.88 %41.4 %30.6 % 1.00
Techno Electric & Engineering Company Ltd 11,995 Cr. 1,031 1,655/78525.6 3350.87 %16.5 %12.8 % 2.00
Industry Average9,009.11 Cr1,209.8537.05295.050.38%15.76%13.09%8.88

All Competitor Stocks of TD Power Systems Ltd (TDPS)

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 205250220274243264274306350348372452443
Expenses 172206182227203222225251289283303370362
Operating Profit 33433947404248566165698380
OPM % 16%17%18%17%16%16%18%18%17%19%19%18%18%
Other Income 08435536411454
Interest 0000001100011
Depreciation 5555555555556
Profit before tax 29463745404146566070678278
Tax % 30%23%28%27%25%29%23%26%25%25%26%26%28%
Net Profit 20352733302935414553506056
EPS in Rs 1.292.271.712.101.911.862.262.642.883.393.213.853.61

Last Updated: February 3, 2026, 10:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 2:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4805975073804354595155947978721,0011,2791,615
Expenses 4585814983694244294775237017398291,0431,318
Operating Profit 23169111030387197134171235297
OPM % 5%3%2%3%2%7%7%12%12%15%17%18%18%
Other Income 3424202016927162421162424
Interest 66769610974482
Depreciation 15292928272622222221212021
Profit before tax 356-7-4-107335692130162232298
Tax % 36%114%33%24%51%57%9%20%23%25%27%25%
Net Profit 23-1-9-4-14330457097118175220
EPS in Rs 1.37-0.05-0.55-0.27-0.870.201.942.924.536.207.5811.1814.06
Dividend Payout % 34%-1,059%-110%-135%-41%194%23%17%15%16%15%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-104.35%-800.00%55.56%-250.00%121.43%900.00%50.00%55.56%38.57%21.65%48.31%
Change in YoY Net Profit Growth (%)0.00%-695.65%855.56%-305.56%371.43%778.57%-850.00%5.56%-16.98%-16.92%26.66%

TD Power Systems Ltd (TDPS) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:20%
3 Years:17%
TTM:31%
Compounded Profit Growth
10 Years:71%
5 Years:56%
3 Years:39%
TTM:49%
Stock Price CAGR
10 Years:25%
5 Years:88%
3 Years:65%
1 Year:25%
Return on Equity
10 Years:9%
5 Years:17%
3 Years:19%
Last Year:22%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

Last Updated: December 4, 2025, 2:05 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 33333333333131313131313131
Reserves 474461440437416385394440496573674829930
Borrowings 635728456961685271001236
Other Liabilities 397345292233190271265262309299333491487
Total Liabilities 9688967937497087487577859079031,0381,3641,484
Fixed Assets 219272258233213198180174166163186207209
CWIP 5401111111011748
Investments 0000010202020201000
Other Assets 6956245345154955395575907207208421,1401,227
Total Assets 9688967937497087487577859079031,0381,3641,484

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -2547-13-20-34856-311898440
Cash from Investing Activity + -50-3293-13-0-11-14-13-34-34
Cash from Financing Activity + 25-12-3517-45-17-2011-89-16-7
Net Cash Flow -5032-46-97-1039-348-1334-1
Free Cash Flow -9725-27-24-103758-18-47240-16
CFO/OP -75%308%-113%-132%28%164%170%10%29%93%72%39%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-40.00-41.00-19.00-34.00-59.00-31.00-30.0019.0026.00134.00171.00223.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 16995112154155182123100110113112125
Inventory Days 90628811396129147174134123139165
Days Payable 176136145184140192146100978178101
Cash Conversion Cycle 82215583111118123174147154173189
Working Capital Days -23-38-8115060406478100104120
ROCE %8%2%0%1%-0%3%6%12%16%22%25%30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.51%58.43%34.27%34.27%34.27%34.27%34.27%34.26%33.22%26.87%26.87%26.87%
FIIs 1.85%2.61%10.11%11.35%12.85%14.84%16.24%17.79%19.12%23.70%23.55%24.36%
DIIs 15.42%16.33%33.14%32.81%32.36%31.53%29.64%26.90%24.91%25.30%25.39%23.19%
Public 24.03%22.62%22.49%21.58%20.53%19.34%19.85%21.02%22.74%24.13%24.18%25.56%
Others 0.20%0.02%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders 27,87234,40851,76360,28768,41680,38491,3591,00,5851,00,7411,07,4251,08,6671,17,170

Shareholding Pattern Chart

No. of Shareholders

TD Power Systems Ltd (TDPS): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 9,753,276 1.3 881.0110,178,2442026-03-23 01:40:37-4.18%
HSBC Midcap Fund 1,413,415 1.03 127.67N/AN/AN/A
Aditya Birla Sun Life Small Cap Fund 1,312,944 2.43 118.61,462,0042026-03-11 00:34:30-10.2%
UTI Small Cap Fund 1,303,136 2.59 117.711,453,1362025-11-03 06:31:42-10.32%
HSBC Flexi Cap Fund 1,075,059 1.84 97.111,455,1962025-06-18 05:12:54-26.12%
Aditya Birla Sun Life Multi-Cap Fund 1,056,685 1.45 95.451,156,6852025-11-03 06:31:42-8.65%
HSBC Large & Mid Cap Fund 768,504 1.48 69.42N/AN/AN/A
Mirae Asset Aggressive Hybrid Fund 614,839 0.58 55.54714,8392025-12-15 03:29:38-13.99%
HDFC Infrastructure Fund 600,000 2.24 54.2N/AN/AN/A
WhiteOak Capital Flexi Cap Fund 547,042 0.68 49.41743,2052026-01-26 03:42:53-26.39%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.0010.0010.00
Basic EPS (Rs.) 11.187.586.2322.9614.83
Diluted EPS (Rs.) 11.177.586.2322.8014.61
Cash EPS (Rs.) 12.448.937.5329.8021.56
Book Value[Excl.RevalReserv]/Share (Rs.) 55.0845.1538.74169.49152.16
Book Value[Incl.RevalReserv]/Share (Rs.) 55.0845.1538.74169.49152.16
Revenue From Operations / Share (Rs.) 81.8864.0755.90256.38191.89
PBDIT / Share (Rs.) 16.2911.769.6134.9124.33
PBIT / Share (Rs.) 15.0310.418.2827.8317.38
PBT / Share (Rs.) 14.8310.398.3029.6018.26
Net Profit / Share (Rs.) 11.187.586.2022.7114.61
NP After MI And SOA / Share (Rs.) 11.187.586.2022.7114.61
PBDIT Margin (%) 19.8918.3517.1913.6112.68
PBIT Margin (%) 18.3516.2414.8110.859.05
PBT Margin (%) 18.1116.2114.8511.549.51
Net Profit Margin (%) 13.6511.8211.098.857.61
NP After MI And SOA Margin (%) 13.6511.8211.098.857.61
Return on Networth / Equity (%) 20.2916.7816.0113.409.60
Return on Capital Employeed (%) 26.9122.8021.0616.0211.16
Return On Assets (%) 12.8011.4010.717.795.75
Total Debt / Equity (X) 0.010.000.000.130.11
Asset Turnover Ratio (%) 1.061.030.960.940.65
Current Ratio (X) 2.262.522.411.911.88
Quick Ratio (X) 1.501.761.731.341.26
Inventory Turnover Ratio (X) 4.082.982.762.772.42
Dividend Payout Ratio (NP) (%) 10.7313.1919.3410.995.13
Dividend Payout Ratio (CP) (%) 9.6411.1915.938.373.47
Earning Retention Ratio (%) 89.2786.8180.6689.0194.87
Cash Earning Retention Ratio (%) 90.3688.8184.0791.6396.53
Interest Coverage Ratio (X) 83.18593.02140.9952.7916.86
Interest Coverage Ratio (Post Tax) (X) 58.08383.2690.7531.669.52
Enterprise Value (Cr.) 6226.944415.172300.89981.91345.35
EV / Net Operating Revenue (X) 4.874.412.641.230.58
EV / EBITDA (X) 24.4824.0515.349.044.59
MarketCap / Net Operating Revenue (X) 5.024.622.831.340.77
Retention Ratios (%) 89.2686.8080.6589.0094.86
Price / BV (X) 7.466.564.092.030.97
Price / Net Operating Revenue (X) 5.024.622.831.340.77
EarningsYield 0.020.020.030.060.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

TD Power Systems Ltd. is a Public Limited Listed company incorporated on 16/04/1999 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L31103KA1999PLC025071 and registration number is 025071. Currently Company is involved in the business activities of Manufacture of power generators (except battery charging alternators for internal combustion engines), motor generator sets (except turbine generator set units). Company's Total Operating Revenue is Rs. 1265.40 Cr. and Equity Capital is Rs. 31.24 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - Heavy# 27, 28 & 29, KIADB Industrial Area, Bengalure Rural Dist. Karnataka 562111Contact not found
Management
NamePosition Held
Mr. Mohib N KherichaChairman & Non-Exe.Director
Mr. Nikhil KumarManaging Director
Ms. S PrabhamaniNon Executive Director
Ms. Prathibha SastryIndependent Director
Mr. Rahul MatthanIndependent Director
Mr. Karl Olof Alexander OlssonIndependent Director

FAQ

What is the intrinsic value of TD Power Systems Ltd (TDPS) and is it undervalued?

As of 05 April 2026, TD Power Systems Ltd (TDPS)'s intrinsic value is ₹302.97, which is 64.89% lower than the current market price of ₹863.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (22.3 %), book value (₹61.5), dividend yield (0.14 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of TD Power Systems Ltd (TDPS)?

TD Power Systems Ltd (TDPS) is trading at ₹863.00 as of 05 April 2026, with a FY2026-2027 high of ₹933 and low of ₹311. The stock is currently near its 52-week high. Market cap stands at ₹13,475 Cr..

How does TD Power Systems Ltd (TDPS)'s P/E ratio compare to its industry?

TD Power Systems Ltd (TDPS) has a P/E ratio of 61.4, which is above the industry average of 37.05. The premium over industry average may reflect growth expectations or speculative interest.

Is TD Power Systems Ltd (TDPS) financially healthy?

Key indicators for TD Power Systems Ltd (TDPS): ROCE of 30.4 % indicates efficient capital utilization; ROE of 22.3 % shows strong shareholder returns. Dividend yield is 0.14 %.

Is TD Power Systems Ltd (TDPS) profitable and how is the profit trend?

TD Power Systems Ltd (TDPS) reported a net profit of ₹175 Cr in Mar 2025 on revenue of ₹1,279 Cr. Compared to ₹70 Cr in Mar 2022, the net profit shows an improving trend.

Does TD Power Systems Ltd (TDPS) pay dividends?

TD Power Systems Ltd (TDPS) has a dividend yield of 0.14 % at the current price of ₹863.00. The company pays dividends, though the yield is modest.

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 TD Power Systems Ltd (TDPS). 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
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