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Last Updated: April 2, 2026, 3:55 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532757 | NSE: VOLTAMP

Voltamp Transformers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹7,391.31Overvalued by 18.37%vs CMP ₹9,055.00

P/E (25.9) × ROE (21.7%) × BV (₹1,626.00) × DY (1.10%)

₹4,536.68Overvalued by 49.90%vs CMP ₹9,055.00
MoS: -99.6% (Negative)Confidence: 61/100 (Moderate)Models: 2 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹8,993.6121%Fair (-0.7%)
Graham NumberEarnings₹3,579.4515%Over (-60.5%)
Earnings PowerEarnings₹2,405.5610%Over (-73.4%)
DCFCash Flow₹8,583.6610%Fair (-5.2%)
Net Asset ValueAssets₹1,625.977%Over (-82%)
EV/EBITDAEnterprise₹2,995.938%Over (-66.9%)
Dividend DiscountDividends₹1,375.008%Over (-84.8%)
Earnings YieldEarnings₹3,502.107%Over (-61.3%)
ROCE CapitalReturns₹2,251.988%Over (-75.1%)
Revenue MultipleRevenue₹1,911.625%Over (-78.9%)
Consensus (10 models)₹4,536.68100%Overvalued
Key Drivers: Wide model spread (₹1,375–₹8,994) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 21.7%

*Investments are subject to market risks

Investment Snapshot

72
Voltamp Transformers Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 29.1% ExcellentROE 21.7% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -2.13% (6mo) SellingDII holding up 7.85% MF buyingPromoter holding at 30.0% Stable
Earnings Quality65/100 · Strong
OPM expanding (15% → 20%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +19% YoY GrowingProfit (4Q): +10% YoY Positive
Industry Rank75/100 · Strong
P/E 25.9 vs industry 31.8 In-lineROCE 29.1% vs industry 18.2% Above peersROE 21.7% vs industry 15.5% Above peers3Y sales CAGR: 20% 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.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:55 am

Market Cap 9,161 Cr.
Current Price 9,055
Intrinsic Value₹4,536.68
High / Low 10,088/5,900
Stock P/E25.9
Book Value 1,626
Dividend Yield1.10 %
ROCE29.1 %
ROE21.7 %
Face Value 10.0
PEG Ratio1.19

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

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 9,161 Cr. 9,055 10,088/5,90025.9 1,6261.10 %29.1 %21.7 % 10.0
Transformers & Rectifiers India Ltd (TRIL) 8,234 Cr. 274 595/22430.9 44.80.07 %28.0 %23.4 % 1.00
KEC International Ltd 13,897 Cr. 522 947/51019.1 2121.05 %18.0 %12.0 % 2.00
Bajel Projects Ltd 1,783 Cr. 154 264/13585.0 45.40.00 %12.9 %2.68 % 2.00
Indo Tech Transformers Ltd 1,347 Cr. 1,268 2,790/1,10015.0 3060.00 %37.8 %25.7 % 10.0
Industry Average38,511.88 Cr1,451.6331.78294.380.70%18.23%15.50%5.25

All Competitor Stocks of Voltamp Transformers Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 357440322381408504428398484625424483630
Expenses 302347274313304403352323384508351389523
Operating Profit 559348691051017675991167394108
OPM % 16%21%15%18%26%20%18%19%20%19%17%19%17%
Other Income 1411231825232932717361526
Interest 0000010000010
Depreciation 3323333334344
Profit before tax 661016884126119101104102129105104130
Tax % 24%24%26%18%25%22%22%27%28%25%24%24%24%
Net Profit 51775168959479767397807999
EPS in Rs 50.1775.6850.1967.6593.5192.4578.5274.8672.5595.7178.6377.9497.93

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4455175636116398298596921,1271,3851,6161,9342,161
Expenses 4304975265515717357446159881,1541,2941,5681,771
Operating Profit 15203760679411477139231322366390
OPM % 3%4%7%10%11%11%13%11%12%17%20%19%18%
Other Income 2721283939369724340898594
Interest 0001111111212
Depreciation 77666799810111314
Profit before tax 34335993100123113140173260398436468
Tax % 23%15%26%22%27%31%21%20%23%23%23%25%
Net Profit 26284472738589112133200307325354
EPS in Rs 25.9928.0843.4771.3772.6383.8688.35110.92131.30197.63303.80321.64350.21
Dividend Payout % 38%36%29%21%21%27%28%23%27%30%30%31%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101010101010101010101010
Reserves 4154314595556106777388249321,0971,3441,5781,635
Borrowings 0000000000321
Other Liabilities 5655514850646982119115164186255
Total Liabilities 4814955216136707518179161,0611,2231,5211,7761,901
Fixed Assets 4741393843485853626777118115
CWIP 01013018801337
Investments 2182112203133523814544925617189221,0561,047
Other Assets 215242262260272321304363431437522599702
Total Assets 4814955216136707518179161,0611,2231,5211,7761,901

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 40-10-17843321082066168216219
Cash from Investing Activity + -322412-60-20-11-8621-46-127-141-116
Cash from Financing Activity + -18-12-12-16-18-18-27-26-26-36-63-94
Net Cash Flow -102-2243-514-74129
Free Cash Flow 37-13-4723022881047161199159
CFO/OP 308%-22%-3%165%105%74%120%56%75%99%94%88%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow15.0020.0037.0060.0067.0094.00114.0077.00139.00231.00319.00364.00

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 11710296928378649062605455
Inventory Days 577078639684941231238310885
Days Payable 16114111671142
Cash Conversion Cycle 158161171154177161152206184142158139
Working Capital Days 1301301351201181069113099827674
ROCE %7%6%11%17%16%18%15%15%19%25%32%29%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 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 24,54425,55828,90130,22326,75432,02837,19845,15456,96061,98366,97360,919

Shareholding Pattern Chart

No. of Shareholders

Voltamp Transformers Ltd: 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 642,476 0.86 584.97864,3982025-11-03 11:25:31-25.67%
HDFC Small Cap Fund 385,000 0.94 350.54N/AN/AN/A
DSP Small Cap Fund 260,000 1.4 236.73N/AN/AN/A
HDFC Childrens Fund 174,770 1.54 159.13N/AN/AN/A
UTI Mid Cap Fund 165,000 1.28 150.23166,0002026-03-12 06:36:28-0.6%
Mahindra Manulife Multi Cap Fund 94,725 1.4 86.25N/AN/AN/A
Mahindra Manulife Small Cap Fund 93,358 2.09 8578,5992026-03-12 06:36:2818.78%
HDFC Retirement Savings Fund - Equity 65,000 0.85 59.18N/AN/AN/A
Aditya Birla Sun Life Small Cap Fund 61,389 1.14 55.8954,9142026-01-26 01:38:3311.79%
Axis Multicap Fund 57,843 0.56 52.67N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 321.65303.80197.63131.30110.92
Diluted EPS (Rs.) 321.65303.80197.63131.30110.92
Cash EPS (Rs.) 334.66315.04207.21139.15119.67
Book Value[Excl.RevalReserv]/Share (Rs.) 1569.241337.941094.41931.24824.49
Book Value[Incl.RevalReserv]/Share (Rs.) 1569.241337.941094.41931.24824.49
Dividend / Share (Rs.) 100.0090.0060.0035.0025.00
Revenue From Operations / Share (Rs.) 1911.841597.521369.071114.16684.30
PBDIT / Share (Rs.) 445.70406.57267.82179.84147.58
PBIT / Share (Rs.) 432.68395.33258.23171.99138.84
PBT / Share (Rs.) 431.25393.27257.35171.20138.84
Net Profit / Share (Rs.) 321.65303.80197.63131.30110.92
PBDIT Margin (%) 23.3125.4419.5616.1421.56
PBIT Margin (%) 22.6324.7418.8615.4320.28
PBT Margin (%) 22.5524.6118.7915.3620.28
Net Profit Margin (%) 16.8219.0114.4311.7816.20
Return on Networth / Equity (%) 20.4922.7018.0514.0913.45
Return on Capital Employeed (%) 27.1029.1123.3118.2016.61
Return On Assets (%) 18.3220.2016.3512.5112.32
Asset Turnover Ratio (%) 1.171.181.211.140.80
Current Ratio (X) 4.443.714.904.805.53
Quick Ratio (X) 2.962.173.192.813.58
Inventory Turnover Ratio (X) 8.345.945.365.414.26
Dividend Payout Ratio (NP) (%) 27.9819.7417.7119.0422.53
Dividend Payout Ratio (CP) (%) 26.8919.0416.8917.9620.89
Earning Retention Ratio (%) 72.0280.2682.2980.9677.47
Cash Earning Retention Ratio (%) 73.1180.9683.1182.0479.11
Interest Coverage Ratio (X) 311.84197.60304.30228.341493127.00
Interest Coverage Ratio (Post Tax) (X) 226.04148.66225.55167.711122169.00
Enterprise Value (Cr.) 7175.919772.122692.771970.551088.52
EV / Net Operating Revenue (X) 3.716.051.941.751.57
EV / EBITDA (X) 15.9123.769.9410.837.29
MarketCap / Net Operating Revenue (X) 3.736.061.961.761.60
Retention Ratios (%) 72.0180.2582.2880.9577.46
Price / BV (X) 4.547.242.452.111.33
Price / Net Operating Revenue (X) 3.736.061.961.761.60
EarningsYield 0.040.030.070.060.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
Power - Transmission/EquipmentMakarpura, Vadodra Gujarat 390014Contact not found
Management
NamePosition Held
Mr. Kanubhai S PatelChairman & Managing Director
Mr. Kunjalbhai L PatelVice Chairman & Mng.Director
Mrs. Taral K PatelNon Executive Director
Mr. Sameer KheraIndependent Director
Mrs. Roopa B PatelIndependent Woman Director
Mr. Mayur K SwadiaIndependent Director

FAQ

What is the intrinsic value of Voltamp Transformers Ltd and is it undervalued?

As of 14 April 2026, Voltamp Transformers Ltd's intrinsic value is ₹4536.68, which is 49.90% lower than the current market price of ₹9,055.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (21.7 %), book value (₹1,626), dividend yield (1.10 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Voltamp Transformers Ltd?

Voltamp Transformers Ltd is trading at ₹9,055.00 as of 14 April 2026, with a FY2026-2027 high of ₹10,088 and low of ₹5,900. The stock is currently near its 52-week high. Market cap stands at ₹9,161 Cr..

How does Voltamp Transformers Ltd's P/E ratio compare to its industry?

Voltamp Transformers Ltd has a P/E ratio of 25.9, which is below the industry average of 31.78. This is broadly in line with or below the industry average.

Is Voltamp Transformers Ltd financially healthy?

Key indicators for Voltamp Transformers Ltd: ROCE of 29.1 % indicates efficient capital utilization; ROE of 21.7 % shows strong shareholder returns. Dividend yield is 1.10 %.

Is Voltamp Transformers Ltd profitable and how is the profit trend?

Voltamp Transformers Ltd reported a net profit of ₹325 Cr in Mar 2025 on revenue of ₹1,934 Cr. Compared to ₹133 Cr in Mar 2022, the net profit shows an improving trend.

Does Voltamp Transformers Ltd pay dividends?

Voltamp Transformers Ltd has a dividend yield of 1.10 % at the current price of ₹9,055.00. 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 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
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