Indo Tech Transformers Stock Surges on ₹91 Cr Order for NTPC Projects
A Small-cap company that is engaged in the business of manufacturing power and distribution transformers and various special application transformers is currently in the spotlight. Indo Tech Transformers Limited has received a significant order worth Rs 91.26 crore, leading to a notable surge in its stock performance.
With a market capitalization of Rs. 1,833.86 crore, the shares of Indo Tech Transformers Limited are trading at Rs. 1,726.90, marking a 1.6 percent increase from its previous day’s closing price of Rs. 1,699.70. During today’s trading session, the stock reached an intraday high of Rs. 1,758.70, reflecting a 3.47 percent rise from the previous close.
Work Order
Indo-Tech Transformers Ltd has secured a purchase order worth Rs. 91.26 crore, excluding taxes, from Four EF Constructions for various NTPC projects. The order includes the manufacture and supply of 11 transformers, comprising three 112/160 MVA units, six 87.5/125 MVA units, and two 70/100 MVA units. All transformers are scheduled for delivery between August 2026 and October 2026.
About the Company
Indo Tech Transformers Limited, established in 1976 and headquartered in Kancheepuram, is a leading manufacturer and supplier of a wide range of transformers. The company caters to the power transmission, generation, renewable energy, utilities, and various industrial sectors, both in India and globally. As a subsidiary of Shirdi Sai Electricals Limited, Indo Tech Transformers has established a strong reputation in the industry.
The company’s robust financial health is evident from its return on equity (ROE) of about 25.7 percent, a return on capital employed (ROCE) of about 37.8 percent, and a debt to equity ratio of 0.04. Currently, the company’s P/E ratio stands at 21.9x, which is lower compared to the industry P/E of 46.7x.
Financial Performance
In Q2 FY26, Indo Tech Transformers Limited reported a revenue of Rs. 183 crore, marking a solid 25.3 percent year-over-year (YoY) increase from Rs. 146 crore in Q2 FY25. The company also saw a 11.6 percent quarter-over-quarter (QoQ) rise from Rs. 164 crore in Q1 FY26. The profit for Q2 FY26 stood at Rs. 25 crore, representing a 38.9 percent YoY growth from Rs. 18 crore and a 31.6 percent QoQ improvement from Rs. 19 crore. These figures highlight the company’s strong operational momentum and financial performance.
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