Voltamp Transformers Ltd
VOLTAMPVoltamp Transformers Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: Domestic institutions moved +9.6 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.
The price is in a confirmed uptrend (16 weeks in) while the P/E sits at the 91st percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −50.5% year on year, and 61% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Voltamp Transformers Ltd trades at ₹9,522, in a confirmed uptrend and 16 weeks into that stage. That is +5.8% against its own 200-day average. It sits at 55% of a 52-week range of ₹6,826 to ₹11,742. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).
Today the stock is in a confirmed uptrend — week 16 of stage 2, confirmed. At ₹9,522 it trades +5.8% versus its 200-day average and sits at 55% of its 52-week range (₹6,826–₹11,742).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +1,209% while the NIFTY 500 moved +272% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-10) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 91st percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Voltamp Transformers Ltd trades at 31.7× P/E, at the pricey end of its own range (91st percentile). Its long-run median P/E is 16.9×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 31.7× is at the pricey end of its own range (91st percentile), against a long-run median of 16.9× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −6.2% against a −0.3% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +43.3%/yr price move, ~+21.1%/yr came from earnings growth and ~+22.2 pp from the multiple (expanding); over 10y, of the +28.4%/yr price move, ~+19.6%/yr came from earnings growth and ~+8.8 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Voltamp Transformers Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 24.0% and holding. The read is built from 12 quarters across 4 curves, on partial evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +11.4% | +15.9% | +25.5% | +14.4% |
| Profit | −6.2% | +15.1% | +22.2% | +21.4% |
| EPS | −6.2% | +15.2% | +22.2% | +21.4% |
| Share price | −0.3% | +32.7% | +43.3% | +28.4% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
44.0/100 — rank 6 of 12 in Capital Goods - Transformers · 93% evidence confidence
Voltamp Transformers Ltd scores 44.0 out of 100 against the 12 companies it is compared with in Capital Goods - Transformers, ranking 6. Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
The four contributions add to the total exactly: 13.1 + 16.5 + 5.4 + 9 = 44. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Voltamp Transformers Ltd reported ₹617 Cr of revenue in the Mar 26 quarter, −1.3% year on year. Over 10 years it has compounded at 14.4% a year. The last full year, FY26, came in at ₹2,154 Cr. The last four reported quarters add to ₹2,154 Cr.
Voltamp Transformers Ltd reported ₹617 Cr of revenue in the Mar 26 quarter, −1.3% year on year. Over 10 years it has compounded at 14.4% a year. The last full year, FY26, came in at ₹2,154 Cr. The last four reported quarters add to ₹2,154 Cr.
FY26 revenue came in at ₹2,154 Cr (+11.4% on the year), capping 10 years at 14.4% compound. The latest quarter (Mar 26) printed ₹617 Cr, −1.3% year on year.
Pace check: the last four quarters averaged +12.4% growth against the decade's 14.4% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +11.3% over the last 4 quarters against +15.5%/yr over the last 8 — rolling over; TTM profit −5.8% vs −0.3%/yr — rolling over.
→ Revenue slipped — did margins hold as it scaled? Next: 13.0% this quarter (−6.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Voltamp Transformers Ltd's operating margin is 13.0% in the Mar 26 quarter, −6.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 3.0% to 20.0%. The current quarter sits inside that band.
Voltamp Transformers Ltd's operating margin is 13.0% in the Mar 26 quarter, −6.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 3.0% to 20.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 13.0%, −6.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 3.0%–20.0%.
🚨 Why the margin moved: operating margin went −5.4 pp year on year while gross margin went −3.8 pp — the loss came mostly from the gross line: input costs and pricing.
→ Margins slipped — did that reach the bottom line? Next: profit −50.5% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Voltamp Transformers Ltd earned ₹48.0 Cr of net profit in the Mar 26 quarter, −50.5% year on year. Full-year FY26 profit was ₹305 Cr. The 10-year compound rate is 21.4%. That is 7.8% of the quarter's revenue. The same quarter a year earlier earned ₹97.0 Cr.
Voltamp Transformers Ltd earned ₹48.0 Cr of net profit in the Mar 26 quarter, −50.5% year on year. Full-year FY26 profit was ₹305 Cr. The 10-year compound rate is 21.4%. That is 7.8% of the quarter's revenue. The same quarter a year earlier earned ₹97.0 Cr.
Mar 26 profit was ₹48.0 Cr, −50.5% year on year. On the full year, FY26 printed ₹305 Cr (−6.2%), and the 10-year compound rate is 21.4%.
🚨 Why profit moved: revenue contributed −1.3% and the margin −6.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit −2.4% vs revenue +12.4%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 61% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 61% of Voltamp Transformers Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹140 Cr of operating cash against ₹305 Cr of profit. After ₹120 Cr of capital spending, ₹20.0 Cr was left as free cash.
FY26: operating cash of ₹140 Cr against reported profit of ₹305 Cr, leaving free cash of ₹20.0 Cr after ₹120 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 61% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 61%: the cash cycle tightened 37 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 5.1× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹198 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Voltamp Transformers Ltd's cash conversion cycle runs 169 days in FY26, down from 206 days in FY21. Capital spending ran ₹198 Cr over the last 3 years. At FY26 sales of ₹2,154 Cr each day of that cycle holds about ₹5.9 Cr, so roughly ₹997 Cr sits inside the business at any moment.
FY26: debtors at 46 days, inventory at 126 days — roughly 4.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 169 days, tighter than FY21's 206.
The full loop: cash goes out to suppliers and production on day 0; stock waits 126 days to sell; customers pay about 46 days after that; and suppliers themselves are paid at 3 days — netting out to the 169-day cycle.
In money terms: at FY26 sales of ₹2,154 Cr, each day of the cycle holds about ₹5.9 Cr — so the 169-day loop keeps roughly ₹997 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹198 Cr over the last 3 fiscal years against ₹39.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹108 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 24% and the ROIC − WACC spread is +3.7 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Voltamp Transformers Ltd earns a ROCE of 24% in FY26. That is up from a trough of 6% in FY15. Return on invested capital clears the cost of that capital by +3.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 14.2% net margin on 1.07× asset turns.
FY26 ROCE is 24%, recovered from a FY15 trough of 6% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 14.2% net margin × 1.07× asset turns × 1.13× balance-sheet leverage ≈ 17.2% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 15.7% − 12.0% = a +3.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.00.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Voltamp Transformers Ltd carries total debt of ₹1.0 Cr against shareholder equity of ₹1,792 Cr as of Mar 26, a debt-to-equity of 0.00 — effectively unlevered. On the annual view that ratio went from 0.00 in FY24 to 0.00 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹1.0 Cr against shareholder equity of ₹1,792 Cr — a debt-to-equity of 0.00. On the annual view, debt-to-equity went from 0.00 (FY24) to 0.00 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 9.6 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 9.6 points of Voltamp Transformers Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 33.9% of the company. Promoters moved −8.0 points over the same window, to 30.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +9.6 points over 8 quarters to 33.9%; Promoters: −8.0 points over 8 quarters to 30.0%; Foreign institutions: −5.8 points over 8 quarters to 21.5%.
Why the register moved: rotation — foreign institutions −5.8 points against domestic institutions +9.6 points over 8 quarters, with promoters −8.0 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Voltamp Transformers Ltd: the Z-score reads 24.84. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 24.84 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 24.84.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Voltamp Transformers Ltd this page | 31.7× | ₹9,288 Cr | Topping out | |||
| CG Power & Industrial Solutions Ltd | 107.0× | ₹1.4L Cr | Turning around | |||
| Schneider Electric Infrastructure Ltd | 145.0× | ₹32,341 Cr | Mixed | |||
| Transformers & Rectifiers India Ltd | 34.2× | ₹8,855 Cr | Topping out | |||
| Shilchar Technologies Ltd | 30.9× | ₹4,882 Cr | Topping out | |||
| Indo Tech Transformers Ltd | 39.1× | ₹3,630 Cr | Mixed | |||
| Bharat Bijlee Ltd | 23.7× | ₹2,848 Cr | Mixed | |||
| Ujaas Energy Ltd | 780.0× | ₹2,380 Cr | No read | |||
| Marsons Ltd | 40.8× | ₹1,892 Cr | Mixed | |||
| Danish Power Ltd | 23.5× | ₹1,622 Cr | — | — | — | — |
| Ujaas Energy Ltd | 588.0× | ₹1,601 Cr | No read | |||
| Vilas Transcore Ltd | 22.1× | ₹875 Cr | No read | |||
| Supreme Power Equipment Ltd | 23.5× | ₹481 Cr | Mixed |
Frequently asked questions
What is Voltamp Transformers Ltd's share price today?
Voltamp Transformers Ltd trades at ₹9,522, −0.3% over the past year. The company is valued at ₹9,288 Cr. The stock sits at 55% of its 52-week range of ₹6,826–₹11,742, +5.8% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 16 weeks in. — as of 24 July 2026.
What were Voltamp Transformers Ltd's latest quarterly results?
Voltamp Transformers Ltd reported revenue of ₹617 Cr and net profit of ₹48.0 Cr for the Mar 26 quarter. Revenue fell 1.3% and profit fell 50.5% year on year. Earnings per share were ₹47.35. The operating margin was 13.0%, 6.0 pp lower than a year earlier. — as of 24 July 2026.
What is Voltamp Transformers Ltd's revenue?
Voltamp Transformers Ltd reported revenue of ₹617 Cr in the Mar 26 quarter, −1.3% year on year. For the full FY26 fiscal year, revenue was ₹2,154 Cr (+11.4%). Over the last 10 years revenue compounded at 14.4% a year. — as of 24 July 2026.
What is Voltamp Transformers Ltd's profit?
Voltamp Transformers Ltd earned ₹48.0 Cr of net profit in the Mar 26 quarter, −50.5% year on year. Full-year FY26 profit was ₹305 Cr. The operating margin ran 13.0% in the latest quarter. — as of 24 July 2026.
What is Voltamp Transformers Ltd's market cap?
Voltamp Transformers Ltd's market capitalisation is ₹9,288 Cr at a share price of ₹9,522. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Voltamp Transformers Ltd's P/E ratio?
Voltamp Transformers Ltd trades at a P/E of 31.7×, at the 91st percentile of its own 10-year range, against a long-run median of 16.9×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Voltamp Transformers Ltd pay a dividend?
Yes — Voltamp Transformers Ltd's dividend payout was 33% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Voltamp Transformers Ltd overvalued?
On its own history, Voltamp Transformers Ltd looks expensive against its own history: its P/E of 31.7× sits at the 91st percentile of its 10-year range (long-run median 16.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Voltamp Transformers Ltd growing?
Not right now — Voltamp Transformers Ltd's latest numbers are shrinking: latest-quarter revenue −1.3% year on year, profit −50.5%, and the margin −6.0 pp at 13.0%. The 10-year compound rates are 14.4% (revenue) and 21.4% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is Voltamp Transformers Ltd performing?
Voltamp Transformers Ltd is in a confirmed uptrend, 16 weeks in. Its latest quarter's revenue fell 1.3% and profit fell 50.5% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Voltamp Transformers Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 24.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +11.3% latest, profit growth −5.8% latest, eps growth −6.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Voltamp Transformers Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 16 of stage 2), trading +5.8% versus its 200-day average and at 55% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Voltamp Transformers Ltd beating the market?
Not lately — on a trailing-13-week view Voltamp Transformers Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-07-10), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +1,209% against the NIFTY 500's +272% — ahead of the index over the full window. — as of 24 July 2026.
Will Voltamp Transformers Ltd's share price go up?
This page publishes no price forecast for Voltamp Transformers Ltd. What it measures instead: the share price is ₹9,522, the price is in a confirmed uptrend 16 weeks in. Its P/E of 31.7× sits at the 91st percentile of its own 10-year range. — as of 24 July 2026.
Who owns Voltamp Transformers Ltd?
Promoters hold 30.0% of Voltamp Transformers Ltd, foreign institutions 21.5%, domestic institutions 33.9% and the public 14.6% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 9.6 points over 8 quarters. — as of 24 July 2026.
Does Voltamp Transformers Ltd have too much debt?
No — Voltamp Transformers Ltd's debt-to-equity is 0.00, and operating profit covers the interest bill north of 100×. FY26 borrowings were ₹1.0 Cr against equity of ₹1,792 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Voltamp Transformers Ltd's capex?
Voltamp Transformers Ltd spent ₹198 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹120 Cr, with ₹108 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Voltamp Transformers Ltd's cash flow?
Voltamp Transformers Ltd generated ₹140 Cr of operating cash flow in FY26 and ₹20.0 Cr of free cash flow after ₹120 Cr of capital spending. Reported profit that year was ₹305 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Voltamp Transformers Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 61% of Voltamp Transformers Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹140 Cr against reported profit of ₹305 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
How financially safe is Voltamp Transformers Ltd?
On the balance sheet, the Z-score reads 24.84 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.
Where is Voltamp Transformers Ltd in its business cycle?
Voltamp Transformers Ltd's FY26 operating margin was 16.0%, against a 13-year band of 3.0%–20.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 13.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Voltamp Transformers Ltd story?
The sharpest disagreement: Domestic institutions moved +9.6 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Voltamp Transformers Ltd a stock worth studying right now?
This is not investment advice. The machine read: Voltamp Transformers Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.