Voltamp Transformers Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 1:35 pm

Market Cap	8,918 Cr.
Current Price	8,814
Intrinsic Value	₹8,753.13
High / Low	10,088/5,900
Stock P/E	25.2
Book Value	1,626
Dividend Yield	1.13 %
ROCE	29.1 %
ROE	21.7 %
Face Value	10.0
PEG Ratio	1.16

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Voltamp Transformers Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Voltamp Transformers Ltd	8,918 Cr.	8,814	10,088/5,900	25.2	1,626	1.13 %	29.1 %	21.7 %	10.0
Transformers & Rectifiers India Ltd (TRIL)	9,131 Cr.	304	595/224	34.2	44.8	0.07 %	28.0 %	23.4 %	1.00
KEC International Ltd	15,038 Cr.	565	947/518	20.7	212	0.97 %	18.0 %	12.0 %	2.00
Bajel Projects Ltd	1,796 Cr.	155	264/142	85.6	45.4	0.00 %	12.9 %	2.68 %	2.00
Indo Tech Transformers Ltd	1,585 Cr.	1,493	2,790/1,139	17.6	306	0.00 %	37.8 %	25.7 %	10.0
Industry Average	39,255.75 Cr	1,460.16		33.76	294.38	0.69%	18.23%	15.50%	5.25

All Competitor Stocks of Voltamp Transformers Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	357	440	322	381	408	504	428	398	484	625	424	483	630
Expenses	302	347	274	313	304	403	352	323	384	508	351	389	523
Operating Profit	55	93	48	69	105	101	76	75	99	116	73	94	108
OPM %	16%	21%	15%	18%	26%	20%	18%	19%	20%	19%	17%	19%	17%
Other Income	14	11	23	18	25	23	29	32	7	17	36	15	26
Interest	0	0	0	0	0	1	0	0	0	0	0	1	0
Depreciation	3	3	2	3	3	3	3	3	3	4	3	4	4
Profit before tax	66	101	68	84	126	119	101	104	102	129	105	104	130
Tax %	24%	24%	26%	18%	25%	22%	22%	27%	28%	25%	24%	24%	24%
Net Profit	51	77	51	68	95	94	79	76	73	97	80	79	99
EPS in Rs	50.17	75.68	50.19	67.65	93.51	92.45	78.52	74.86	72.55	95.71	78.63	77.94	97.93

Last Updated: March 3, 2026, 1:50 pm

Below is a detailed analysis of the quarterly data for Voltamp Transformers Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 630.00 Cr.. The value appears strong and on an upward trend. It has increased from 483.00 Cr. (Sep 2025) to 630.00 Cr., marking an increase of 147.00 Cr..
For Expenses, as of Dec 2025, the value is 523.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 389.00 Cr. (Sep 2025) to 523.00 Cr., marking an increase of 134.00 Cr..
For Operating Profit, as of Dec 2025, the value is 108.00 Cr.. The value appears strong and on an upward trend. It has increased from 94.00 Cr. (Sep 2025) to 108.00 Cr., marking an increase of 14.00 Cr..
For OPM %, as of Dec 2025, the value is 17.00%. The value appears to be declining and may need further review. It has decreased from 19.00% (Sep 2025) to 17.00%, marking a decrease of 2.00%.
For Other Income, as of Dec 2025, the value is 26.00 Cr.. The value appears strong and on an upward trend. It has increased from 15.00 Cr. (Sep 2025) to 26.00 Cr., marking an increase of 11.00 Cr..
For Interest, as of Dec 2025, the value is 0.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1.00 Cr. (Sep 2025) to 0.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Dec 2025, the value is 4.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 4.00 Cr..
For Profit before tax, as of Dec 2025, the value is 130.00 Cr.. The value appears strong and on an upward trend. It has increased from 104.00 Cr. (Sep 2025) to 130.00 Cr., marking an increase of 26.00 Cr..
For Tax %, as of Dec 2025, the value is 24.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 24.00%.
For Net Profit, as of Dec 2025, the value is 99.00 Cr.. The value appears strong and on an upward trend. It has increased from 79.00 Cr. (Sep 2025) to 99.00 Cr., marking an increase of 20.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 97.93. The value appears strong and on an upward trend. It has increased from 77.94 (Sep 2025) to 97.93, marking an increase of 19.99.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:46 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	445	517	563	611	639	829	859	692	1,127	1,385	1,616	1,934	2,161
Expenses	430	497	526	551	571	735	744	615	988	1,154	1,294	1,568	1,771
Operating Profit	15	20	37	60	67	94	114	77	139	231	322	366	390
OPM %	3%	4%	7%	10%	11%	11%	13%	11%	12%	17%	20%	19%	18%
Other Income	27	21	28	39	39	36	9	72	43	40	89	85	94
Interest	0	0	0	1	1	1	1	1	1	1	2	1	2
Depreciation	7	7	6	6	6	7	9	9	8	10	11	13	14
Profit before tax	34	33	59	93	100	123	113	140	173	260	398	436	468
Tax %	23%	15%	26%	22%	27%	31%	21%	20%	23%	23%	23%	25%
Net Profit	26	28	44	72	73	85	89	112	133	200	307	325	354
EPS in Rs	25.99	28.08	43.47	71.37	72.63	83.86	88.35	110.92	131.30	197.63	303.80	321.64	350.21
Dividend Payout %	38%	36%	29%	21%	21%	27%	28%	23%	27%	30%	30%	31%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	7.69%	57.14%	63.64%	1.39%	16.44%	4.71%	25.84%	18.75%	50.38%	53.50%	5.86%
Change in YoY Net Profit Growth (%)	0.00%	49.45%	6.49%	-62.25%	15.05%	-11.73%	21.14%	-7.09%	31.63%	3.12%	-47.64%

Voltamp Transformers Ltd 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:	14%
5 Years:	18%
3 Years:	20%
TTM:	12%

Compounded Profit Growth
10 Years:	30%
5 Years:	30%
3 Years:	36%
TTM:	-3%

Stock Price CAGR
10 Years:	29%
5 Years:	50%
3 Years:	46%
1 Year:	-43%

Return on Equity
10 Years:	17%
5 Years:	19%
3 Years:	22%
Last Year:	22%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: December 4, 2025, 2:13 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	415	431	459	555	610	677	738	824	932	1,097	1,344	1,578	1,635
Borrowings	0	0	0	0	0	0	0	0	0	0	3	2	1
Other Liabilities	56	55	51	48	50	64	69	82	119	115	164	186	255
Total Liabilities	481	495	521	613	670	751	817	916	1,061	1,223	1,521	1,776	1,901
Fixed Assets	47	41	39	38	43	48	58	53	62	67	77	118	115
CWIP	0	1	0	1	3	0	1	8	8	0	1	3	37
Investments	218	211	220	313	352	381	454	492	561	718	922	1,056	1,047
Other Assets	215	242	262	260	272	321	304	363	431	437	522	599	702
Total Assets	481	495	521	613	670	751	817	916	1,061	1,223	1,521	1,776	1,901

Below is a detailed analysis of the balance sheet data for Voltamp Transformers Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 10.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 10.00 Cr..
For Reserves, as of Sep 2025, the value is 1,635.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,578.00 Cr. (Mar 2025) to 1,635.00 Cr., marking an increase of 57.00 Cr..
For Borrowings, as of Sep 2025, the value is 1.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 2.00 Cr. (Mar 2025) to 1.00 Cr., marking a decrease of 1.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 255.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 186.00 Cr. (Mar 2025) to 255.00 Cr., marking an increase of 69.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 1,901.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,776.00 Cr. (Mar 2025) to 1,901.00 Cr., marking an increase of 125.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 115.00 Cr.. The value appears to be declining and may need further review. It has decreased from 118.00 Cr. (Mar 2025) to 115.00 Cr., marking a decrease of 3.00 Cr..
For CWIP, as of Sep 2025, the value is 37.00 Cr.. The value appears strong and on an upward trend. It has increased from 3.00 Cr. (Mar 2025) to 37.00 Cr., marking an increase of 34.00 Cr..
For Investments, as of Sep 2025, the value is 1,047.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,056.00 Cr. (Mar 2025) to 1,047.00 Cr., marking a decrease of 9.00 Cr..
For Other Assets, as of Sep 2025, the value is 702.00 Cr.. The value appears strong and on an upward trend. It has increased from 599.00 Cr. (Mar 2025) to 702.00 Cr., marking an increase of 103.00 Cr..
For Total Assets, as of Sep 2025, the value is 1,901.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,776.00 Cr. (Mar 2025) to 1,901.00 Cr., marking an increase of 125.00 Cr..

Notably, the Reserves (1,635.00 Cr.) exceed the Borrowings (1.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	40	-10	-1	78	43	32	108	20	66	168	216	219
Cash from Investing Activity +	-32	24	12	-60	-20	-11	-86	21	-46	-127	-141	-116
Cash from Financing Activity +	-18	-12	-12	-16	-18	-18	-27	-26	-26	-36	-63	-94
Net Cash Flow	-10	2	-2	2	4	3	-5	14	-7	4	12	9

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	15.00	20.00	37.00	60.00	67.00	94.00	114.00	77.00	139.00	231.00	319.00	364.00

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	117	102	96	92	83	78	64	90	62	60	54	55
Inventory Days	57	70	78	63	96	84	94	123	123	83	108	85
Days Payable	16	11	4	1	1	1	6	7	1	1	4	2
Cash Conversion Cycle	158	161	171	154	177	161	152	206	184	142	158	139
Working Capital Days	130	130	135	120	118	106	91	130	99	82	76	74
ROCE %	7%	6%	11%	17%	16%	18%	15%	15%	19%	25%	32%	29%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	50.00%	50.00%	38.00%	38.00%	38.00%	38.00%	38.00%	38.00%	38.00%	37.80%	30.00%	30.00%
FIIs	13.66%	14.09%	22.34%	23.23%	24.84%	27.28%	28.50%	26.70%	23.91%	23.23%	22.85%	21.78%
DIIs	25.85%	25.68%	28.45%	28.69%	26.88%	24.30%	22.60%	23.70%	23.53%	23.41%	29.69%	31.38%
Government	0.00%	0.00%	0.02%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.08%	0.05%	0.05%
Public	10.48%	10.22%	11.18%	10.00%	10.19%	10.35%	10.82%	11.51%	14.48%	15.49%	17.39%	16.79%
No. of Shareholders	24,544	25,558	28,901	30,223	26,754	32,028	37,198	45,154	56,960	61,983	66,973	60,919

Shareholding Pattern Chart

No. of Shareholders

Voltamp Transformers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	642,476	0.72	473.79	864,398	2025-11-03 11:25:31	-25.67%
HDFC Small Cap Fund	385,000	0.77	283.92	N/A	N/A	N/A
DSP Small Cap Fund	260,000	1.19	191.74	N/A	N/A	N/A
HDFC Childrens Fund	174,770	1.24	128.88	N/A	N/A	N/A
UTI Mid Cap Fund	166,000	1.07	122.42	170,000	2026-02-23 02:04:12	-2.35%
ICICI Prudential Energy Opportunities Fund	117,809	0.88	86.88	106,233	2026-02-22 01:54:33	10.9%
Mahindra Manulife Multi Cap Fund	94,725	1.16	69.86	N/A	N/A	N/A
Mahindra Manulife Small Cap Fund	78,599	1.45	57.96	64,000	2025-11-03 11:25:31	22.81%
HDFC Retirement Savings Fund - Equity	65,000	0.69	47.93	N/A	N/A	N/A
Aditya Birla Sun Life Small Cap Fund	61,389	0.95	45.27	54,914	2026-01-26 01:38:33	11.79%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	321.65	303.80	197.63	131.30	110.92
Diluted EPS (Rs.)	321.65	303.80	197.63	131.30	110.92
Cash EPS (Rs.)	334.66	315.04	207.21	139.15	119.67
Book Value[Excl.RevalReserv]/Share (Rs.)	1569.24	1337.94	1094.41	931.24	824.49
Book Value[Incl.RevalReserv]/Share (Rs.)	1569.24	1337.94	1094.41	931.24	824.49
Dividend / Share (Rs.)	100.00	90.00	60.00	35.00	25.00
Revenue From Operations / Share (Rs.)	1911.84	1597.52	1369.07	1114.16	684.30
PBDIT / Share (Rs.)	445.70	406.57	267.82	179.84	147.58
PBIT / Share (Rs.)	432.68	395.33	258.23	171.99	138.84
PBT / Share (Rs.)	431.25	393.27	257.35	171.20	138.84
Net Profit / Share (Rs.)	321.65	303.80	197.63	131.30	110.92
PBDIT Margin (%)	23.31	25.44	19.56	16.14	21.56
PBIT Margin (%)	22.63	24.74	18.86	15.43	20.28
PBT Margin (%)	22.55	24.61	18.79	15.36	20.28
Net Profit Margin (%)	16.82	19.01	14.43	11.78	16.20
Return on Networth / Equity (%)	20.49	22.70	18.05	14.09	13.45
Return on Capital Employeed (%)	27.10	29.11	23.31	18.20	16.61
Return On Assets (%)	18.32	20.20	16.35	12.51	12.32
Asset Turnover Ratio (%)	1.17	1.18	1.21	1.14	0.80
Current Ratio (X)	4.44	3.71	4.90	4.80	5.53
Quick Ratio (X)	2.96	2.17	3.19	2.81	3.58
Inventory Turnover Ratio (X)	8.34	5.94	5.36	5.41	4.26
Dividend Payout Ratio (NP) (%)	27.98	19.74	17.71	19.04	22.53
Dividend Payout Ratio (CP) (%)	26.89	19.04	16.89	17.96	20.89
Earning Retention Ratio (%)	72.02	80.26	82.29	80.96	77.47
Cash Earning Retention Ratio (%)	73.11	80.96	83.11	82.04	79.11
Interest Coverage Ratio (X)	311.84	197.60	304.30	228.34	1493127.00
Interest Coverage Ratio (Post Tax) (X)	226.04	148.66	225.55	167.71	1122169.00
Enterprise Value (Cr.)	7175.91	9772.12	2692.77	1970.55	1088.52
EV / Net Operating Revenue (X)	3.71	6.05	1.94	1.75	1.57
EV / EBITDA (X)	15.91	23.76	9.94	10.83	7.29
MarketCap / Net Operating Revenue (X)	3.73	6.06	1.96	1.76	1.60
Retention Ratios (%)	72.01	80.25	82.28	80.95	77.46
Price / BV (X)	4.54	7.24	2.45	2.11	1.33
Price / Net Operating Revenue (X)	3.73	6.06	1.96	1.76	1.60
EarningsYield	0.04	0.03	0.07	0.06	0.10

After reviewing the key financial ratios for Voltamp Transformers Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 25, the value is 321.65. This value is within the healthy range. It has increased from 303.80 (Mar 24) to 321.65, marking an increase of 17.85.
For Diluted EPS (Rs.), as of Mar 25, the value is 321.65. This value is within the healthy range. It has increased from 303.80 (Mar 24) to 321.65, marking an increase of 17.85.
For Cash EPS (Rs.), as of Mar 25, the value is 334.66. This value is within the healthy range. It has increased from 315.04 (Mar 24) to 334.66, marking an increase of 19.62.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,569.24. It has increased from 1,337.94 (Mar 24) to 1,569.24, marking an increase of 231.30.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,569.24. It has increased from 1,337.94 (Mar 24) to 1,569.24, marking an increase of 231.30.
For Dividend / Share (Rs.), as of Mar 25, the value is 100.00. This value exceeds the healthy maximum of 3. It has increased from 90.00 (Mar 24) to 100.00, marking an increase of 10.00.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 1,911.84. It has increased from 1,597.52 (Mar 24) to 1,911.84, marking an increase of 314.32.
For PBDIT / Share (Rs.), as of Mar 25, the value is 445.70. This value is within the healthy range. It has increased from 406.57 (Mar 24) to 445.70, marking an increase of 39.13.
For PBIT / Share (Rs.), as of Mar 25, the value is 432.68. This value is within the healthy range. It has increased from 395.33 (Mar 24) to 432.68, marking an increase of 37.35.
For PBT / Share (Rs.), as of Mar 25, the value is 431.25. This value is within the healthy range. It has increased from 393.27 (Mar 24) to 431.25, marking an increase of 37.98.
For Net Profit / Share (Rs.), as of Mar 25, the value is 321.65. This value is within the healthy range. It has increased from 303.80 (Mar 24) to 321.65, marking an increase of 17.85.
For PBDIT Margin (%), as of Mar 25, the value is 23.31. This value is within the healthy range. It has decreased from 25.44 (Mar 24) to 23.31, marking a decrease of 2.13.
For PBIT Margin (%), as of Mar 25, the value is 22.63. This value exceeds the healthy maximum of 20. It has decreased from 24.74 (Mar 24) to 22.63, marking a decrease of 2.11.
For PBT Margin (%), as of Mar 25, the value is 22.55. This value is within the healthy range. It has decreased from 24.61 (Mar 24) to 22.55, marking a decrease of 2.06.
For Net Profit Margin (%), as of Mar 25, the value is 16.82. This value exceeds the healthy maximum of 10. It has decreased from 19.01 (Mar 24) to 16.82, marking a decrease of 2.19.
For Return on Networth / Equity (%), as of Mar 25, the value is 20.49. This value is within the healthy range. It has decreased from 22.70 (Mar 24) to 20.49, marking a decrease of 2.21.
For Return on Capital Employeed (%), as of Mar 25, the value is 27.10. This value is within the healthy range. It has decreased from 29.11 (Mar 24) to 27.10, marking a decrease of 2.01.
For Return On Assets (%), as of Mar 25, the value is 18.32. This value is within the healthy range. It has decreased from 20.20 (Mar 24) to 18.32, marking a decrease of 1.88.
For Asset Turnover Ratio (%), as of Mar 25, the value is 1.17. It has decreased from 1.18 (Mar 24) to 1.17, marking a decrease of 0.01.
For Current Ratio (X), as of Mar 25, the value is 4.44. This value exceeds the healthy maximum of 3. It has increased from 3.71 (Mar 24) to 4.44, marking an increase of 0.73.
For Quick Ratio (X), as of Mar 25, the value is 2.96. This value exceeds the healthy maximum of 2. It has increased from 2.17 (Mar 24) to 2.96, marking an increase of 0.79.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 8.34. This value exceeds the healthy maximum of 8. It has increased from 5.94 (Mar 24) to 8.34, marking an increase of 2.40.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 27.98. This value is within the healthy range. It has increased from 19.74 (Mar 24) to 27.98, marking an increase of 8.24.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 26.89. This value is within the healthy range. It has increased from 19.04 (Mar 24) to 26.89, marking an increase of 7.85.
For Earning Retention Ratio (%), as of Mar 25, the value is 72.02. This value exceeds the healthy maximum of 70. It has decreased from 80.26 (Mar 24) to 72.02, marking a decrease of 8.24.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 73.11. This value exceeds the healthy maximum of 70. It has decreased from 80.96 (Mar 24) to 73.11, marking a decrease of 7.85.
For Interest Coverage Ratio (X), as of Mar 25, the value is 311.84. This value is within the healthy range. It has increased from 197.60 (Mar 24) to 311.84, marking an increase of 114.24.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 226.04. This value is within the healthy range. It has increased from 148.66 (Mar 24) to 226.04, marking an increase of 77.38.
For Enterprise Value (Cr.), as of Mar 25, the value is 7,175.91. It has decreased from 9,772.12 (Mar 24) to 7,175.91, marking a decrease of 2,596.21.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.71. This value exceeds the healthy maximum of 3. It has decreased from 6.05 (Mar 24) to 3.71, marking a decrease of 2.34.
For EV / EBITDA (X), as of Mar 25, the value is 15.91. This value exceeds the healthy maximum of 15. It has decreased from 23.76 (Mar 24) to 15.91, marking a decrease of 7.85.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 3.73. This value exceeds the healthy maximum of 3. It has decreased from 6.06 (Mar 24) to 3.73, marking a decrease of 2.33.
For Retention Ratios (%), as of Mar 25, the value is 72.01. This value exceeds the healthy maximum of 70. It has decreased from 80.25 (Mar 24) to 72.01, marking a decrease of 8.24.
For Price / BV (X), as of Mar 25, the value is 4.54. This value exceeds the healthy maximum of 3. It has decreased from 7.24 (Mar 24) to 4.54, marking a decrease of 2.70.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 3.73. This value exceeds the healthy maximum of 3. It has decreased from 6.06 (Mar 24) to 3.73, marking a decrease of 2.33.
For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 24) to 0.04, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Voltamp Transformers Ltd as of March 4, 2026 is: ₹7,193.67

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 March 4, 2026, Voltamp Transformers Ltd is Overvalued by 18.38% compared to the current share price ₹8,814.00

Intrinsic Value of Voltamp Transformers Ltd as of March 4, 2026 is: ₹8,753.13

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 March 4, 2026, Voltamp Transformers Ltd is Overvalued by 0.69% compared to the current share price ₹8,814.00

Last 5 Year EPS CAGR: 21.68%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 17.50%, which is a positive sign. The company has higher reserves (868.85 cr) compared to borrowings (0.46 cr), indicating strong financial stability. The company has shown consistent growth in sales (397.00 cr) and profit (186.92 cr) over the years.	The stock has a high average Working Capital Days of 107.58, which may not be favorable. The stock has a high average Cash Conversion Cycle of 163.58, 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: 16.82%
  - 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: 27.1% (Industry Average ROCE: 18.23%)
  - 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%: 20.49% (Industry Average ROE: 15.5%)
  - 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): 226.04
  - 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: 2.96
  - 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: 25.2 (Industry average Stock P/E: 33.76)
  - 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 power distribution transformers, arc-welding transformers, fluorescent ballasts, transmission and distribution voltage regulators. Company's Total Operating Revenue is Rs. 1934.23 Cr. and Equity Capital is Rs. 10.12 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Power - Transmission/Equipment	Makarpura, Vadodra Gujarat 390014	Contact not found

Management
Name	Position Held
Mr. Kanubhai S Patel	Chairman & Managing Director
Mr. Kunjalbhai L Patel	Vice Chairman & Mng.Director
Mrs. Taral K Patel	Non Executive Director
Mr. Sameer Khera	Independent Director
Mrs. Roopa B Patel	Independent Woman Director
Mr. Mayur K Swadia	Independent Director

FAQ

What is the intrinsic value of Voltamp Transformers Ltd?

Voltamp Transformers Ltd's intrinsic value (as of 04 March 2026) is ₹8753.13 which is 0.69% lower the current market price of ₹8,814.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹8,918 Cr. market cap, FY2025-2026 high/low of ₹10,088/5,900, reserves of ₹1,635 Cr, and liabilities of ₹1,901 Cr.

What is the Market Cap of Voltamp Transformers Ltd?

The Market Cap of Voltamp Transformers Ltd is 8,918 Cr..

What is the current Stock Price of Voltamp Transformers Ltd as on 04 March 2026?

The current stock price of Voltamp Transformers Ltd as on 04 March 2026 is ₹8,814.

What is the High / Low of Voltamp Transformers Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Voltamp Transformers Ltd stocks is ₹10,088/5,900.

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

The Stock P/E of Voltamp Transformers Ltd is 25.2.

What is the Book Value of Voltamp Transformers Ltd?

The Book Value of Voltamp Transformers Ltd is 1,626.

What is the Dividend Yield of Voltamp Transformers Ltd?

The Dividend Yield of Voltamp Transformers Ltd is 1.13 %.

What is the ROCE of Voltamp Transformers Ltd?

The ROCE of Voltamp Transformers Ltd is 29.1 %.

What is the ROE of Voltamp Transformers Ltd?

The ROE of Voltamp Transformers Ltd is 21.7 %.

What is the Face Value of Voltamp Transformers Ltd?

The Face Value of Voltamp Transformers Ltd is 10.0.