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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532757 | NSE: VOLTAMP

Fundamental Analysis of Voltamp Transformers Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:33 am

Market Cap 10,305 Cr.
Current Price 10,201
High / Low10,664/2,855
Stock P/E35.5
Book Value 1,152
Dividend Yield0.39 %
ROCE25.1 %
ROE19.2 %
Face Value 10.0

Data Source: screener.in

Competitors of Voltamp Transformers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aartech Solonics Ltd 228 Cr. 215233/0.00156 28.50.23 %6.90 %4.88 % 10.0
Adani Energy Solutions Ltd 1,21,935 Cr. 1,0931,250/686105 1070.00 %10.2 %11.6 % 10.0
Power Grid Corporation of India Ltd 2,65,486 Cr. 285299/17216.9 93.43.88 %13.1 %19.6 % 10.0
Transformers & Rectifiers India Ltd (TRIL) 10,483 Cr. 732732/63.0237 38.90.03 %14.8 %9.33 % 1.00
Jyoti Structures Ltd 1,856 Cr. 22.234.0/5.8091.5 0.050.00 %0.20 %4.59 % 2.00
Industry Average79,997.60 Cr469.44121.2853.570.83%9.04%10.00%6.60

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales176284162263315387270318357440322381408
Expenses157251155232281320234271302347274313304
Operating Profit19337313467364655934869105
OPM %11%12%4%12%11%17%13%15%16%21%15%18%26%
Other Income2411131488-0161411231825
Interest0000000000000
Depreciation2222222233233
Profit before tax4141184340723360661016884126
Tax %21%25%12%19%24%28%20%23%24%24%26%18%25%
Net Profit32311635305227465177516895
EPS in Rs31.6930.7015.6134.6729.7651.2626.3745.4150.1775.6850.1967.6593.51

Last Updated: April 10, 2024, 5:20 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:30 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5705164455175636116398298596921,1271,3851,552
Expenses5294814304975265515717357446159881,1541,238
Operating Profit403415203760679411477139231314
OPM %7%7%3%4%7%10%11%11%13%11%12%17%20%
Other Income1720272128393936972434077
Interest0000011111111
Depreciation887766679981011
Profit before tax484634335993100123113140173260379
Tax %31%29%23%15%26%22%27%31%21%20%23%23%
Net Profit333326284472738589112133200290
EPS in Rs32.8932.5225.9928.0843.4771.3772.6383.8688.35110.92131.30197.63287.03
Dividend Payout %30%46%38%36%29%21%21%27%28%23%27%30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%-21.21%7.69%57.14%63.64%1.39%16.44%4.71%25.84%18.75%50.38%
Change in YoY Net Profit Growth (%)0.00%-21.21%28.90%49.45%6.49%-62.25%15.05%-11.73%21.14%-7.09%31.63%

Growth

Compounded Sales Growth
10 Years:10%
5 Years:17%
3 Years:17%
TTM:16%
Compounded Profit Growth
10 Years:20%
5 Years:23%
3 Years:31%
TTM:66%
Stock Price CAGR
10 Years:35%
5 Years:54%
3 Years:110%
1 Year:257%
Return on Equity
10 Years:12%
5 Years:14%
3 Years:15%
Last Year:19%

Last Updated: April 16, 2024, 6:13 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10101010101010101010101010
Reserves3854004154314595556106777388249321,0971,156
Borrowings0000000000002
Other Liabilities57515655514850646982119115172
Total Liabilities4524614814955216136707518179161,0611,2231,340
Fixed Assets54524741393843485853626774
CWIP1001013018800
Investments110174218211220313352381454492561718809
Other Assets288235215242262260272321304363431437457
Total Assets4524614814955216136707518179161,0611,2231,340

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -117940-10-17843321082066168
Cash from Investing Activity -8-61-322412-60-20-11-8621-46-127
Cash from Financing Activity -11-12-18-12-12-16-18-18-27-26-26-36
Net Cash Flow-306-102-2243-514-74

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow40.0034.0015.0020.0037.0060.0067.0094.00114.0077.00139.00231.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1111031171029692837864906260
Inventory Days82635770786396849412312383
Days Payable60161141116711
Cash Conversion Cycle187166158161171154177161152206184142
Working Capital Days145123130130135120118106911309982
ROCE %12%11%7%6%11%17%16%18%15%15%19%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00%38.00%38.00%
FIIs15.37%15.17%15.39%15.61%15.83%16.25%17.14%13.99%13.66%14.09%22.34%23.23%
DIIs21.57%21.78%21.43%21.41%21.81%21.63%21.86%25.57%25.85%25.68%28.45%28.69%
Government0.00%0.00%0.00%0.00%0.02%0.02%0.00%0.00%0.00%0.00%0.02%0.07%
Public13.06%13.05%13.18%12.98%12.34%12.10%11.00%10.43%10.48%10.22%11.18%10.00%
No. of Shareholders18,75818,41117,45616,92416,99024,31526,20725,12824,54425,55828,90130,223

Shareholding Pattern Chart

No. of Shareholders

Voltamp Transformers Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund8643981.52696.21
HDFC Small Cap Fund - Regular Plan4946261.2322.53
HDFC Childrens Gift Fund - Regular Plan2798202.22182.46
Kotak Multicap Fund1300001.0584.77
HDFC Retirement Savings Fund - Equity - Regular Plan901901.3458.81
Mahindra Manulife Small Cap Fund640001.4751.55
Tata Infrastructure Fund - Regular Plan432951.8128.23
HDFC Defence Fund265040.9317.28
HDFC Multi Cap Fund260160.1516.96
Kotak Equity Savings Fund - Regular Plan230000.3615

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)197.63131.30110.9288.3483.86
Diluted EPS (Rs.)197.63131.30110.9288.3483.86
Cash EPS (Rs.)207.21139.15119.6797.2390.93
Book Value[Excl.RevalReserv]/Share (Rs.)1094.41931.24824.49739.56678.78
Book Value[Incl.RevalReserv]/Share (Rs.)1094.41931.24824.49739.56678.78
Dividend / Share (Rs.)60.0035.0025.0025.0022.50
Revenue From Operations / Share (Rs.)1369.071114.16684.30848.64819.23
PBDIT / Share (Rs.)267.82179.84147.58120.94128.33
PBIT / Share (Rs.)258.23171.99138.84112.05121.26
PBT / Share (Rs.)257.35171.20138.84112.04121.26
Net Profit / Share (Rs.)197.63131.30110.9288.3483.86
PBDIT Margin (%)19.5616.1421.5614.2515.66
PBIT Margin (%)18.8615.4320.2813.2014.80
PBT Margin (%)18.7915.3620.2813.2014.80
Net Profit Margin (%)14.4311.7816.2010.4010.23
Return on Networth / Equity (%)18.0514.0913.4511.9412.35
Return on Capital Employeed (%)23.3118.2016.6114.9817.60
Return On Assets (%)16.3512.5112.3210.9411.30
Asset Turnover Ratio (%)1.211.140.801.101.17
Current Ratio (X)4.904.805.535.266.07
Quick Ratio (X)3.192.813.583.354.06
Inventory Turnover Ratio (X)5.365.414.265.976.47
Dividend Payout Ratio (NP) (%)17.7119.0422.5330.7021.56
Dividend Payout Ratio (CP) (%)16.8917.9620.8927.8919.88
Earning Retention Ratio (%)82.2980.9677.4769.3078.44
Cash Earning Retention Ratio (%)83.1182.0479.1172.1180.12
Interest Coverage Ratio (X)304.30228.341493127.0026598.4826497.29
Interest Coverage Ratio (Post Tax) (X)225.55167.711122169.0019430.8017315.06
Enterprise Value (Cr.)2692.771970.551088.52889.361146.36
EV / Net Operating Revenue (X)1.941.751.571.041.38
EV / EBITDA (X)9.9410.837.297.278.83
MarketCap / Net Operating Revenue (X)1.961.761.601.041.40
Retention Ratios (%)82.2880.9577.4669.2978.43
Price / BV (X)2.452.111.331.201.69
Price / Net Operating Revenue (X)1.961.761.601.041.40
EarningsYield0.070.060.100.090.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 7882.65

The stock is overvalued by 22.73% compared to the current price ₹10201

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (667.62 cr) compared to borrowings (0.15 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (480.31 cr) and profit (123.15 cr) over the years.
  1. The stock has a low average ROCE of 14.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 117.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 168.25, 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: 14.43%
      • 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: 23.31% (Industry Average ROCE: 9.04%)
      • 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%: 18.05% (Industry Average ROE: 10%)
      • 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): 225.55
      • 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: 3.19
      • 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: 35.5 (Industry average Stock P/E: 121.28)
      • 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: N/A
      • 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

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
Mrs. Taral K PatelNon Executive Director
Mr. Hemant P ShapariaIndependent Director
Mr. Jabal C LashkariIndependent Director
Ms. Visha S SuchdeIndependent Director

Voltamp Transformers Ltd. Share Price Update

Share PriceValue
Today₹10,234.20
Previous Day₹10,340.15

FAQ

What is the latest fair value of Voltamp Transformers Ltd?

The latest fair value of Voltamp Transformers Ltd is ₹7882.65.

What is the Market Cap of Voltamp Transformers Ltd?

The Market Cap of Voltamp Transformers Ltd is 10,305 Cr..

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

The current stock price of Voltamp Transformers Ltd as on 23 April 2024 is 10,201.

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 ₹10,664/2,855.

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

The Stock P/E of Voltamp Transformers Ltd is 35.5.

What is the Book Value of Voltamp Transformers Ltd?

The Book Value of Voltamp Transformers Ltd is 1,152.

What is the Dividend Yield of Voltamp Transformers Ltd?

The Dividend Yield of Voltamp Transformers Ltd is 0.39 %.

What is the ROCE of Voltamp Transformers Ltd?

The ROCE of Voltamp Transformers Ltd is 25.1 %.

What is the ROE of Voltamp Transformers Ltd?

The ROE of Voltamp Transformers Ltd is 19.2 %.

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