Is the Capital Goods - Transformers sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 7 of 12 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Capital Goods - Transformers Stocks in India
Capital Goods - Transformers: CG Power & Industrial Solutions Ltd owns the largest revenue base; Marsons Ltd has the fastest current growth.
Nifty Capital Goods - Transformers Index — Constituents & Performance
The Capital Goods - Transformers companies below are the listed Indian Capital Goods - Transformers universe this page tracks — the same constituent set people search for as the Nifty Capital Goods - Transformers index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Capital Goods - Transformers moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 35% ahead of NIFTY 500. Earnings across its companies grew 20% on average over the last four reported quarters.
FADING · −6 in 4w~Price and the fundamentals both up2 of 10 companies ahead of NIFTY 500 by 5% or more over three months
RS — · 6/10 >200d (−2) · 2/10 lead (−6) · EPS 5/10↑
Capital Goods - Transformers, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
NarrowHow much of the sector is participating, how recently, and whether the movers score well.
Together2 of 10 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +17 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
1/2−1
Mid
1/4−3
Small
0/4−2
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 10 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Capital Goods - Transformers outperforming NIFTY 500?
The 52-week comparison of Capital Goods - Transformers against NIFTY 500 is not available from the current market series. 7 of 12 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Indo Tech Transformers Ltd is the strongest against the sector itself at +61.4%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
7/12Stocks leading NIFTY 500
4/12Stocks leading sector
Sector metric: 39.4 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 7 of 12 covered companies currently have positive Mansfield relative strength versus NIFTY 500. CG Power & Industrial Solutions Ltd leads with revenue of ₹12,821 crore, based on 10 of 12 comparable companies through Jun 2026. Marsons Ltd has the fastest current revenue growth at 45.6%, across 10 of 12 comparable companies.
Which Capital Goods - Transformers company is largest by revenue?
CG Power & Industrial Solutions Ltd leads with revenue of ₹12,821 crore, based on 10 of 12 comparable companies through Jun 2026.
Which Capital Goods - Transformers company is growing fastest?
Marsons Ltd has the fastest current revenue growth at 45.6%, across 10 of 12 comparable companies.
Which Capital Goods - Transformers company has the strongest 4-Factor Sector Score?
Indo Tech Transformers Ltd ranks first at 86.3/100 with 95.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Capital Goods - Transformers company reports the most CAPEX?
Danish Power Ltd reports the largest latest CAPEX at ₹35 crore, with 2 of 12 companies comparable.
Which Capital Goods - Transformers company has the least gross debt?
Shilchar Technologies Ltd has the lowest comparable gross debt at ₹0 crore. Schneider Electric Infrastructure Ltd has the highest at ₹548 crore.
Which Capital Goods - Transformers company has the lowest comparable PEG?
Indo Tech Transformers Ltd has the lowest comparable Guarded PEG at 0.45, among 6 of 12 companies that pass the metric’s comparability rules.
How much history does this Capital Goods - Transformers comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
12
complete canonical membership
Combined market value
₹2.0 L Cr
CG Power & Industrial Solutions Ltd
Revenue growing
9/10
positive TTM year-on-year growth
Beating NIFTY 500
7/12
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Indo Tech Transformers Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 95.6% evidence confidence.
Schneider Electric Infrastructure Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. Indo Tech Transformers Ltd · INDOTECH
86.3/100 · Sector-leading setup · 96% evidence
Exact sum: 31.3 + 20.8 + 14.2 + 20 = 86.3
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
31.3/35Growth & earnings
Revenue 28% · PAT 45.3% · OPM change 4 pp
88% evidence
20.8/25Capital efficiency
ROCE 37.7% · debt/equity 0.01×
100% evidence
14.2/20Valuation
P/E 39.1× · PEG 0.45
100% evidence
20.0/20Relative strength
RS sector 61.4% · RS bench 78.3% · 1Y 80.8%
100% evidence
2. Marsons Ltd · MARSONS
59.4/100 · Mixed-positive evidence · 77% evidence
Exact sum: 26.7 + 15.9 + 12.2 + 4.6 = 59.4
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.5% and the one-year return is -45.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
26.7/35Growth & earnings
Revenue 45.6% · PAT 70.4% · OPM change 3 pp
83% evidence
15.9/25Capital efficiency
ROCE 25.4% · debt/equity 0.01×
95% evidence
12.2/20Valuation
P/E 40.8× · PEG —
50% evidence
4.6/20Relative strength
RS sector -14.5% · RS bench -27.8% · 1Y -45.5%
70% evidence
3. Supreme Power Equipment Ltd · SUPREMEPWR
55.2/100 · Mixed-positive evidence · 83% evidence
Exact sum: 20.8 + 14.2 + 11.7 + 8.5 = 55.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.8/35Growth & earnings
Revenue 22.5% · PAT 12.7% · OPM change 0 pp
83% evidence
14.2/25Capital efficiency
ROCE 22% · debt/equity 0.42×
95% evidence
11.7/20Valuation
P/E 23.5× · PEG —
50% evidence
8.5/20Relative strength
RS sector -4.4% · RS bench 7.2% · 1Y -2%
100% evidence
4. CG Power & Industrial Solutions Ltd · CGPOWER
54.3/100 · Mixed-positive evidence · 100% evidence
Exact sum: 19.6 + 16.5 + 1.5 + 16.7 = 54.3
Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
19.6/35Growth & earnings
Revenue 21.4% · PAT 24% · OPM change -1 pp
100% evidence
16.5/25Capital efficiency
ROCE 26.7% · debt/equity 0.01×
100% evidence
1.5/20Valuation
P/E 107× · PEG 5.21
100% evidence
16.7/20Relative strength
RS sector 7.5% · RS bench 20.5% · 1Y 35.6%
100% evidence
5. Shilchar Technologies Ltd · SHILCTECH
47.7/100 · Mixed-negative evidence · 79% evidence
Exact sum: 9.4 + 21.4 + 9.3 + 7.6 = 47.7
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9.4/35Growth & earnings
Revenue 4.5% · PAT 6.8% · OPM change -10 pp
83% evidence
21.4/25Capital efficiency
ROCE 50.7% · debt/equity 0×
80% evidence
9.3/20Valuation
P/E 30.9× · PEG —
50% evidence
7.6/20Relative strength
RS sector -8.9% · RS bench 2.5% · 1Y -17%
100% evidence
6. Voltamp Transformers Ltd · VOLTAMP
44.0/100 · Mixed-negative evidence · 93% evidence
Exact sum: 13.1 + 16.5 + 5.4 + 9 = 44
Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
13.1/35Growth & earnings
Revenue 11.3% · PAT -5.8% · OPM change -6 pp
83% evidence
16.5/25Capital efficiency
ROCE 23.5% · debt/equity 0×
95% evidence
5.4/20Valuation
P/E 31.7× · PEG 2.41
100% evidence
9.0/20Relative strength
RS sector -1.2% · RS bench 11.1% · 1Y -0.3%
100% evidence
7. Schneider Electric Infrastructure Ltd · SCHNEIDER
42.8/100 · Mixed-negative evidence · 96% evidence
Exact sum: 8.3 + 13.8 + 4 + 16.7 = 42.8
Decision use: Price leads the evidence: RS versus the benchmark is 33.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8.3/35Growth & earnings
Revenue 9.6% · PAT -20.9% · OPM change -7 pp
88% evidence
13.8/25Capital efficiency
ROCE 29.6% · debt/equity 0.71×
100% evidence
4.0/20Valuation
P/E 145× · PEG 2.79
100% evidence
16.7/20Relative strength
RS sector 20.4% · RS bench 33.5% · 1Y 41%
100% evidence
8. Transformers & Rectifiers India Ltd · TARIL
42.3/100 · Mixed-negative evidence · 90% evidence
Exact sum: 12.5 + 11.3 + 11.6 + 6.9 = 42.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12.5/35Growth & earnings
Revenue 14.7% · PAT 2.3% · OPM change -1 pp
95% evidence
11.3/25Capital efficiency
ROCE 23.3% · debt/equity 0.3×
95% evidence
11.6/20Valuation
P/E 34.2× · PEG 1.53
65% evidence
6.9/20Relative strength
RS sector -18% · RS bench -7.8% · 1Y -35.1%
100% evidence
9. Bharat Bijlee Ltd · BBL
34.8/100 · Adverse evidence · 96% evidence
Exact sum: 16.5 + 7.6 + 7.8 + 2.9 = 34.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16.5/35Growth & earnings
Revenue 19.5% · PAT -10.4% · OPM change -3 pp
88% evidence
7.6/25Capital efficiency
ROCE 8.4% · debt/equity 0.15×
100% evidence
7.8/20Valuation
P/E 23.7× · PEG 4.48
100% evidence
2.9/20Relative strength
RS sector -16.6% · RS bench -5.4% · 1Y -20.3%
100% evidence
10. Ujaas Energy Ltd · UEL
30.0/100 · Adverse evidence · 70% evidence
Exact sum: 4.5 + 5.5 + 8.5 + 11.5 = 30
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4.5/35Growth & earnings
Revenue -38.2% · PAT -64.2% · OPM change -17.7 pp
83% evidence
5.5/25Capital efficiency
ROCE 3.9% · debt/equity 0.27×
95% evidence
8.5/20Valuation
P/E 588× · PEG —
15% evidence
11.5/20Relative strength
RS sector 14.6% · RS bench -8.1% · 1Y 34.4%
70% evidence
11. Danish Power Ltd · DANISH
52.4/100 · Thin evidence · provisional · 50% evidence
Exact sum: 16.6 + 17.9 + 11.1 + 6.8 = 52.4
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
16.6/35Growth & earnings
Revenue — · PAT — · OPM change -2 pp
26% evidence
17.9/25Capital efficiency
ROCE 23.4% · debt/equity 0×
95% evidence
11.1/20Valuation
P/E 23.5× · PEG —
15% evidence
6.8/20Relative strength
RS sector -20.2% · RS bench 9.8% · 1Y -12.9%
70% evidence
12. Vilas Transcore Ltd · VILAS
45.1/100 · Thin evidence · provisional · 50% evidence
Exact sum: 18 + 10.2 + 11.5 + 5.4 = 45.1
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
18.0/35Growth & earnings
Revenue — · PAT — · OPM change -5 pp
26% evidence
10.2/25Capital efficiency
ROCE 16.1% · debt/equity 0.12×
95% evidence
11.5/20Valuation
P/E 22.1× · PEG —
15% evidence
5.4/20Relative strength
RS sector -9.6% · RS bench -14.1% · 1Y -37.5%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
CG Power & Industrial Solutions Ltd has the highest Revenue among the 12 Capital Goods - Transformers companies compared here, at ₹12,821 crore. Schneider Electric Infrastructure Ltd is next at ₹2,891 crore. Marsons Ltd has the highest Revenue growth at 45.6%, so level and change sit with different companies. Its Revenue series carries 20 reported observations across the 20-quarter window.
What the numbers say: CG Power & Industrial Solutions Ltd is the scale leader at ₹12,821 crore, 343.5% ahead of Schneider Electric Infrastructure Ltd. Marsons Ltd's growth is 45.6% from a ₹246 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderCG Power & Industrial Solutions Ltd · ₹12,821 crore
Gap343.5% versus #2 · Schneider Electric Infrastructure Ltd
Persistence8/8 recent comparable periods
Coverage10/12 companies · 180 observations
Investor read: CG Power & Industrial Solutions Ltd is the scale benchmark; Marsons Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: CG Power & Industrial Solutions Ltd's growth falls below Marsons Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1CG Power & Industrial Solutions Ltd CGPOWER₹12.8K Cr
2Schneider Electric Infrastructure Ltd SCHNEIDER₹2.9K Cr
3Transformers & Rectifiers India Ltd TARIL₹2.6K Cr
4Bharat Bijlee Ltd BBL₹2.3K Cr
5Voltamp Transformers Ltd VOLTAMP₹2.2K Cr
Revenue growthfastest growers
1Marsons Ltd MARSONS⚠ unverified46%
2Indo Tech Transformers Ltd INDOTECH28%
3Supreme Power Equipment Ltd SUPREMEPWR23%
4CG Power & Industrial Solutions Ltd CGPOWER21%
5Bharat Bijlee Ltd BBL20%
Revenue · company comparison
10/12 level · 10/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| CG Power & Industrial Solutions Ltd CGPOWER | ₹3.3K Cr | 14% | Jun 2026 |
| Bharat Bijlee Ltd BBL | ₹767 Cr | 24% | Mar 2026 |
| Voltamp Transformers Ltd VOLTAMP | ₹617 Cr | -1.3% | Mar 2026 |
| Schneider Electric Infrastructure Ltd SCHNEIDER | ₹590 Cr | 0.5% | Mar 2026 |
| Transformers & Rectifiers India Ltd TARIL | ₹572 Cr | 8.1% | Jun 2026 |
| Danish Power Ltd DANISH⚠ unverified | ₹310 Cr | 18% | Mar 2026 |
| Indo Tech Transformers Ltd INDOTECH | ₹239 Cr | 16% | Mar 2026 |
| Vilas Transcore Ltd VILAS⚠ unverified | ₹232 Cr | 21% | Mar 2026 |
| Shilchar Technologies Ltd SHILCTECH | ₹152 Cr | -34% | Mar 2026 |
| Supreme Power Equipment Ltd SUPREMEPWR | ₹106 Cr | 16% | Mar 2026 |
| Marsons Ltd MARSONS⚠ unverified | ₹93 Cr | 66% | Mar 2026 |
| Ujaas Energy Ltd UEL⚠ unverified | ₹6 Cr | -27% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Bharat Bijlee Ltd · BBL
₹305 Cr
₹323 Cr
₹349 Cr
₹277 Cr
₹324 Cr
₹388 Cr
₹430 Cr
₹441 Cr
₹420 Cr
₹424 Cr
₹587 Cr
₹375 Cr
₹394 Cr
₹514 Cr
₹619 Cr
₹465 Cr
₹473 Cr
₹568 Cr
₹767 Cr
—
CG Power & Industrial Solutions Ltd · CGPOWER
₹1.5K Cr
₹1.6K Cr
₹1.4K Cr
₹1.7K Cr
₹1.7K Cr
₹1.8K Cr
₹1.9K Cr
₹1.9K Cr
₹2.0K Cr
₹2.0K Cr
₹2.2K Cr
₹2.2K Cr
₹2.4K Cr
₹2.5K Cr
₹2.8K Cr
₹2.9K Cr
₹2.9K Cr
₹3.2K Cr
₹3.4K Cr
₹3.3K Cr
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
₹164 Cr
—
₹262 Cr
—
₹212 Cr
—
₹310 Cr
—
Indo Tech Transformers Ltd · INDOTECH
₹76 Cr
₹82 Cr
₹100 Cr
₹54 Cr
₹89 Cr
₹84 Cr
₹145 Cr
₹93 Cr
₹96 Cr
₹139 Cr
₹175 Cr
₹82 Cr
₹146 Cr
₹177 Cr
₹206 Cr
₹164 Cr
₹183 Cr
₹196 Cr
₹239 Cr
—
Marsons Ltd · MARSONS⚠ unverified
—
—
—
—
—
₹2 Cr
₹3 Cr
₹0 Cr
₹2 Cr
₹1 Cr
₹4 Cr
₹30 Cr
₹39 Cr
₹44 Cr
₹56 Cr
₹47 Cr
₹60 Cr
₹46 Cr
₹93 Cr
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
₹302 Cr
₹600 Cr
₹340 Cr
₹371 Cr
₹421 Cr
₹574 Cr
₹411 Cr
₹495 Cr
₹496 Cr
₹744 Cr
₹472 Cr
₹593 Cr
₹600 Cr
₹857 Cr
₹587 Cr
₹622 Cr
₹650 Cr
₹1.0K Cr
₹590 Cr
—
Shilchar Technologies Ltd · SHILCTECH
—
—
—
—
—
₹68 Cr
₹95 Cr
₹67 Cr
₹106 Cr
₹118 Cr
₹105 Cr
₹107 Cr
₹131 Cr
₹154 Cr
₹232 Cr
₹159 Cr
₹171 Cr
₹170 Cr
₹152 Cr
—
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
₹27 Cr
₹53 Cr
₹24 Cr
₹61 Cr
₹28 Cr
₹58 Cr
₹29 Cr
₹91 Cr
₹35 Cr
₹75 Cr
₹36 Cr
₹106 Cr
—
Transformers & Rectifiers India Ltd · TARIL
₹267 Cr
₹335 Cr
₹343 Cr
₹282 Cr
₹307 Cr
₹332 Cr
₹438 Cr
₹156 Cr
₹257 Cr
₹369 Cr
₹513 Cr
₹322 Cr
₹462 Cr
₹559 Cr
₹676 Cr
₹529 Cr
₹460 Cr
₹737 Cr
₹783 Cr
₹572 Cr
Ujaas Energy Ltd · UEL⚠ unverified
—
—
—
—
—
₹7 Cr
₹9 Cr
₹7 Cr
₹7 Cr
₹6 Cr
₹7 Cr
₹6 Cr
₹5 Cr
₹8 Cr
₹8 Cr
₹3 Cr
₹5 Cr
₹3 Cr
₹6 Cr
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
₹159 Cr
—
₹150 Cr
—
₹162 Cr
—
₹191 Cr
—
₹229 Cr
—
₹232 Cr
—
Voltamp Transformers Ltd · VOLTAMP
₹263 Cr
₹315 Cr
₹387 Cr
₹270 Cr
₹318 Cr
₹357 Cr
₹440 Cr
₹322 Cr
₹381 Cr
₹408 Cr
₹504 Cr
₹428 Cr
₹398 Cr
₹484 Cr
₹625 Cr
₹424 Cr
₹483 Cr
₹630 Cr
₹617 Cr
—
Revenue growth · reported quarter history
Bharat Bijlee Ltd · BBL
—
—
—
-3.8%
6.2%
20%
23%
59%
30%
9.3%
37%
-15%
-6.2%
21%
5.5%
24%
20%
11%
24%
—
CG Power & Industrial Solutions Ltd · CGPOWER
—
—
—
59%
17%
13%
33%
13%
18%
13%
15%
19%
21%
27%
26%
29%
21%
26%
25%
14%
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
29%
—
18%
—
Indo Tech Transformers Ltd · INDOTECH
—
—
—
135%
17%
2.4%
45%
72%
7.9%
65%
21%
-12%
52%
27%
18%
100%
25%
11%
16%
—
Marsons Ltd · MARSONS⚠ unverified
—
—
—
—
—
—
—
—
—
-45%
56%
12,943%
2,067%
4,300%
1,300%
57%
54%
4.6%
66%
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
—
—
—
29%
39%
-4.3%
21%
33%
18%
30%
15%
20%
21%
15%
24%
4.9%
8.3%
20%
0.5%
—
Shilchar Technologies Ltd · SHILCTECH
—
—
—
—
—
—
—
—
—
74%
11%
60%
24%
31%
121%
49%
31%
10%
-34%
—
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
—
—
—
—
1.0%
9.4%
23%
49%
27%
29%
23%
16%
—
Transformers & Rectifiers India Ltd · TARIL
—
—
—
—
15%
-0.9%
28%
-45%
-16%
11%
17%
106%
80%
51%
32%
64%
-0.4%
32%
16%
8.1%
Ujaas Energy Ltd · UEL⚠ unverified
—
—
—
—
—
—
—
—
—
-13%
-21%
-12%
-31%
40%
14%
-58%
3.4%
-57%
-27%
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
1.9%
—
27%
—
41%
—
21%
—
Voltamp Transformers Ltd · VOLTAMP
—
—
—
67%
21%
13%
14%
19%
20%
14%
15%
33%
4.5%
19%
24%
-0.9%
21%
30%
-1.3%
—
02 · compare level, then change
Operating Economics & Margin Trend
Marsons Ltd has the highest OPM among the 12 Capital Goods - Transformers companies compared here, at 21%. Indo Tech Transformers Ltd has the highest Margin change at +4 percentage points, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Marsons Ltd leads opm at 21%; Indo Tech Transformers Ltd leads margin change at +4 percentage points.
LeaderMarsons Ltd · 21%
Gap0% versus #2 · Shilchar Technologies Ltd
Persistence4/8 recent comparable periods
Coverage12/12 companies · 193 observations
Investor read: Marsons Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Marsons Ltd MARSONS⚠ unverified21%
2Shilchar Technologies Ltd SHILCTECH21%
3Danish Power Ltd DANISH⚠ unverified18%
4Supreme Power Equipment Ltd SUPREMEPWR18%
5Transformers & Rectifiers India Ltd TARIL16%
Margin changefastest expanders
1Indo Tech Transformers Ltd INDOTECH+4.0 pp
2Marsons Ltd MARSONS⚠ unverified+3.0 pp
3Supreme Power Equipment Ltd SUPREMEPWR0.0 pp
4CG Power & Industrial Solutions Ltd CGPOWER−1.0 pp
5Transformers & Rectifiers India Ltd TARIL−1.0 pp
Operating margin · company comparison
12/12 level · 12/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Shilchar Technologies Ltd SHILCTECH | 21% | −10.0 pp | Mar 2026 |
| Marsons Ltd MARSONS⚠ unverified | 21% | +3.0 pp | Mar 2026 |
| Danish Power Ltd DANISH⚠ unverified | 18% | −2.0 pp | Mar 2026 |
| Supreme Power Equipment Ltd SUPREMEPWR | 18% | 0.0 pp | Mar 2026 |
| Transformers & Rectifiers India Ltd TARIL | 16% | −1.0 pp | Jun 2026 |
| Indo Tech Transformers Ltd INDOTECH | 14% | +4.0 pp | Mar 2026 |
| Voltamp Transformers Ltd VOLTAMP | 13% | −6.0 pp | Mar 2026 |
| CG Power & Industrial Solutions Ltd CGPOWER | 12% | −1.0 pp | Jun 2026 |
| Vilas Transcore Ltd VILAS⚠ unverified | 9.0% | −5.0 pp | Mar 2026 |
| Schneider Electric Infrastructure Ltd SCHNEIDER | 8.0% | −7.0 pp | Mar 2026 |
| Bharat Bijlee Ltd BBL | 7.0% | −3.0 pp | Mar 2026 |
| Ujaas Energy Ltd UEL⚠ unverified | -9.8% | −17.7 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Bharat Bijlee Ltd · BBL
7.4%
7.7%
4.2%
7.9%
7.4%
8.0%
9.0%
7.0%
9.0%
9.0%
11%
8.0%
6.0%
10%
10%
7.0%
7.0%
6.0%
7.0%
—
CG Power & Industrial Solutions Ltd · CGPOWER
12%
13%
11%
11%
15%
16%
14%
14%
15%
13%
13%
15%
12%
13%
13%
13%
13%
13%
14%
12%
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
19%
—
20%
—
18%
—
18%
—
Indo Tech Transformers Ltd · INDOTECH
8.2%
9.6%
7.7%
3.6%
2.1%
6.0%
15%
6.0%
12%
11%
15%
10%
16%
14%
10%
15%
17%
17%
14%
—
Marsons Ltd · MARSONS⚠ unverified
—
—
-14%
-350%
-557%
24%
63%
-117%
28%
49%
16%
17%
15%
9.0%
18%
16%
14%
15%
21%
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
1.2%
11%
5.0%
7.8%
4.5%
10%
15%
10%
13%
15%
16%
14%
12%
16%
15%
11%
13%
17%
8.0%
—
Shilchar Technologies Ltd · SHILCTECH
6.0%
13%
16%
12%
17%
22%
22%
30%
28%
27%
30%
28%
31%
28%
31%
33%
31%
31%
21%
—
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
18%
20%
21%
21%
21%
20%
10%
18%
19%
19%
14%
18%
—
Transformers & Rectifiers India Ltd · TARIL
8.0%
5.4%
4.8%
7.6%
10%
9.0%
7.0%
3.0%
8.0%
10%
14%
13%
15%
15%
19%
17%
11%
17%
15%
16%
Ujaas Energy Ltd · UEL⚠ unverified
0.2%
-6.4%
-40%
8.9%
-0.9%
3.0%
31%
-4.6%
-12%
-13%
27%
8.6%
-3.4%
42%
8.0%
-122%
11%
-19%
-9.8%
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
10%
—
10%
—
11%
—
14%
—
14%
—
9.0%
—
Voltamp Transformers Ltd · VOLTAMP
12%
11%
17%
13%
15%
16%
21%
15%
18%
26%
20%
18%
19%
20%
19%
17%
19%
17%
13%
—
Margin change · reported quarter history
Bharat Bijlee Ltd · BBL
+1.0 pp
−3.3 pp
−0.7 pp
+0.4 pp
+0.0 pp
+0.3 pp
+4.8 pp
−0.9 pp
+1.6 pp
+1.0 pp
+2.0 pp
+1.0 pp
−3.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
+1.0 pp
−4.0 pp
−3.0 pp
—
CG Power & Industrial Solutions Ltd · CGPOWER
+3.4 pp
+1.6 pp
+5.7 pp
+1.4 pp
+3.5 pp
+2.6 pp
+2.8 pp
+2.7 pp
−0.3 pp
−3.0 pp
−1.0 pp
+1.0 pp
−3.0 pp
0.0 pp
0.0 pp
−2.0 pp
+1.0 pp
0.0 pp
+1.0 pp
−1.0 pp
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−1.0 pp
—
−2.0 pp
—
Indo Tech Transformers Ltd · INDOTECH
+13.9 pp
+5.9 pp
−5.5 pp
+25.1 pp
−6.2 pp
−3.6 pp
+7.3 pp
+2.5 pp
+9.9 pp
+5.0 pp
0.0 pp
+4.0 pp
+4.0 pp
+3.0 pp
−5.0 pp
+5.0 pp
+1.0 pp
+3.0 pp
+4.0 pp
—
Marsons Ltd · MARSONS⚠ unverified
—
—
—
—
+1,092.9 pp
—
+76.5 pp
+232.6 pp
+585.5 pp
+25.0 pp
−46.7 pp
+134.4 pp
−13.3 pp
−40.0 pp
+2.0 pp
−1.0 pp
−1.0 pp
+6.0 pp
+3.0 pp
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
−7.0 pp
+1.0 pp
+7.0 pp
+8.5 pp
+3.3 pp
−1.2 pp
+10.0 pp
+2.2 pp
+8.5 pp
+5.0 pp
+1.0 pp
+4.0 pp
−1.0 pp
+1.0 pp
−1.0 pp
−3.0 pp
+1.0 pp
+1.0 pp
−7.0 pp
—
Shilchar Technologies Ltd · SHILCTECH
−4.1 pp
+0.5 pp
+14.5 pp
+8.2 pp
+11.3 pp
+9.2 pp
+6.4 pp
+18.1 pp
+10.7 pp
+5.0 pp
+8.0 pp
−2.0 pp
+3.0 pp
+1.0 pp
+1.0 pp
+5.0 pp
0.0 pp
+3.0 pp
−10.0 pp
—
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
—
—
—
—
+3.2 pp
0.0 pp
−10.9 pp
−3.0 pp
−2.2 pp
−1.0 pp
+3.7 pp
0.0 pp
—
Transformers & Rectifiers India Ltd · TARIL
−3.4 pp
−5.3 pp
−2.8 pp
−0.0 pp
+2.5 pp
+3.6 pp
+2.2 pp
−4.6 pp
−2.5 pp
+1.0 pp
+7.0 pp
+10.0 pp
+7.0 pp
+5.0 pp
+5.0 pp
+4.0 pp
−4.0 pp
+2.0 pp
−4.0 pp
−1.0 pp
Ujaas Energy Ltd · UEL⚠ unverified
+215.3 pp
+27.8 pp
+65.6 pp
−25.6 pp
−1.1 pp
+9.4 pp
+70.4 pp
−13.5 pp
−11.5 pp
−15.5 pp
−3.5 pp
+13.2 pp
+9.0 pp
+54.2 pp
−19.4 pp
−130.9 pp
+14.3 pp
−60.7 pp
−17.7 pp
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
+1.0 pp
—
+4.0 pp
—
+3.0 pp
—
−5.0 pp
—
Voltamp Transformers Ltd · VOLTAMP
−1.9 pp
+0.1 pp
+5.6 pp
+9.3 pp
+2.7 pp
+5.1 pp
+3.8 pp
+1.6 pp
+3.4 pp
+10.0 pp
−1.0 pp
+3.0 pp
+1.0 pp
−6.0 pp
−1.0 pp
−1.0 pp
0.0 pp
−3.0 pp
−6.0 pp
—
03 · compare level, then change
Profit Scale & Acceleration
CG Power & Industrial Solutions Ltd has the highest Net profit among the 12 Capital Goods - Transformers companies compared here, at ₹1,239 crore. Voltamp Transformers Ltd is next at ₹306 crore. Marsons Ltd has the highest Profit growth at 70.4%, so level and change sit with different companies.
What the numbers say: CG Power & Industrial Solutions Ltd leads with ₹1,239 crore of TTM profit, 304.9% above Voltamp Transformers Ltd. Marsons Ltd shows 70.4% growth from a ₹46 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderCG Power & Industrial Solutions Ltd · ₹1,239 crore
Gap304.9% versus #2 · Voltamp Transformers Ltd
Persistence6/8 recent comparable periods
Coverage10/12 companies · 180 observations
Investor read: CG Power & Industrial Solutions Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1CG Power & Industrial Solutions Ltd CGPOWER₹1.2K Cr
2Voltamp Transformers Ltd VOLTAMP₹306 Cr
3Transformers & Rectifiers India Ltd TARIL₹268 Cr
4Schneider Electric Infrastructure Ltd SCHNEIDER₹212 Cr
5Shilchar Technologies Ltd SHILCTECH₹157 Cr
Profit growthfastest growers
1Marsons Ltd MARSONS⚠ unverified70%
2Indo Tech Transformers Ltd INDOTECH45%
3CG Power & Industrial Solutions Ltd CGPOWER24%
4Supreme Power Equipment Ltd SUPREMEPWR13%
5Shilchar Technologies Ltd SHILCTECH6.8%
Net profit · company comparison
10/12 level · 10/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| CG Power & Industrial Solutions Ltd CGPOWER | ₹308 Cr | 15% | Jun 2026 |
| Transformers & Rectifiers India Ltd TARIL | ₹64 Cr | -4.5% | Jun 2026 |
| Voltamp Transformers Ltd VOLTAMP | ₹48 Cr | -51% | Mar 2026 |
| Danish Power Ltd DANISH⚠ unverified | ₹40 Cr | 14% | Mar 2026 |
| Bharat Bijlee Ltd BBL | ₹39 Cr | -22% | Mar 2026 |
| Shilchar Technologies Ltd SHILCTECH | ₹28 Cr | -49% | Mar 2026 |
| Indo Tech Transformers Ltd INDOTECH | ₹24 Cr | 14% | Mar 2026 |
| Marsons Ltd MARSONS⚠ unverified | ₹23 Cr | 156% | Mar 2026 |
| Schneider Electric Infrastructure Ltd SCHNEIDER | ₹22 Cr | -60% | Mar 2026 |
| Vilas Transcore Ltd VILAS⚠ unverified | ₹15 Cr | -29% | Mar 2026 |
| Supreme Power Equipment Ltd SUPREMEPWR | ₹11 Cr | -8.3% | Mar 2026 |
| Ujaas Energy Ltd UEL⚠ unverified | ₹0 Cr | 40% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Bharat Bijlee Ltd · BBL
₹14 Cr
₹16 Cr
₹12 Cr
₹16 Cr
₹17 Cr
₹23 Cr
₹27 Cr
₹25 Cr
₹28 Cr
₹30 Cr
₹49 Cr
₹24 Cr
₹19 Cr
₹41 Cr
₹50 Cr
₹28 Cr
₹28 Cr
₹25 Cr
₹39 Cr
—
CG Power & Industrial Solutions Ltd · CGPOWER
₹188 Cr
₹545 Cr
₹112 Cr
₹130 Cr
₹179 Cr
₹228 Cr
₹426 Cr
₹204 Cr
₹242 Cr
₹748 Cr
₹234 Cr
₹241 Cr
₹220 Cr
₹238 Cr
₹274 Cr
₹267 Cr
₹284 Cr
₹284 Cr
₹363 Cr
₹308 Cr
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
₹20 Cr
—
₹35 Cr
—
₹29 Cr
—
₹40 Cr
—
Indo Tech Transformers Ltd · INDOTECH
₹5 Cr
₹7 Cr
₹6 Cr
₹1 Cr
₹1 Cr
₹4 Cr
₹19 Cr
₹4 Cr
₹7 Cr
₹11 Cr
₹26 Cr
₹6 Cr
₹18 Cr
₹19 Cr
₹21 Cr
₹19 Cr
₹25 Cr
₹25 Cr
₹24 Cr
—
Marsons Ltd · MARSONS⚠ unverified
—
—
—
—
—
₹1 Cr
₹3 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹5 Cr
₹7 Cr
₹6 Cr
₹9 Cr
₹8 Cr
₹9 Cr
₹6 Cr
₹23 Cr
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
₹-9 Cr
₹52 Cr
₹0 Cr
₹27 Cr
₹9 Cr
₹44 Cr
₹45 Cr
₹35 Cr
₹43 Cr
₹91 Cr
₹3 Cr
₹48 Cr
₹54 Cr
₹111 Cr
₹55 Cr
₹41 Cr
₹52 Cr
₹97 Cr
₹22 Cr
—
Shilchar Technologies Ltd · SHILCTECH
—
—
—
—
—
₹12 Cr
₹16 Cr
₹16 Cr
₹24 Cr
₹26 Cr
₹25 Cr
₹24 Cr
₹33 Cr
₹35 Cr
₹55 Cr
₹41 Cr
₹46 Cr
₹42 Cr
₹28 Cr
—
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
₹3 Cr
₹7 Cr
₹3 Cr
₹8 Cr
₹3 Cr
₹7 Cr
₹3 Cr
₹12 Cr
₹5 Cr
₹10 Cr
₹3 Cr
₹11 Cr
—
Transformers & Rectifiers India Ltd · TARIL
₹5 Cr
₹5 Cr
₹1 Cr
₹6 Cr
₹12 Cr
₹14 Cr
₹10 Cr
₹-12 Cr
₹2 Cr
₹16 Cr
₹42 Cr
₹21 Cr
₹46 Cr
₹55 Cr
₹94 Cr
₹67 Cr
₹37 Cr
₹76 Cr
₹91 Cr
₹64 Cr
Ujaas Energy Ltd · UEL⚠ unverified
—
—
—
—
—
₹-5 Cr
₹-3 Cr
₹-6 Cr
₹-7 Cr
₹45 Cr
₹-4 Cr
₹4 Cr
₹1 Cr
₹4 Cr
₹0 Cr
₹2 Cr
₹0 Cr
₹0 Cr
₹0 Cr
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
₹11 Cr
—
₹12 Cr
—
₹14 Cr
—
₹21 Cr
—
₹24 Cr
—
₹15 Cr
—
Voltamp Transformers Ltd · VOLTAMP
₹35 Cr
₹30 Cr
₹52 Cr
₹27 Cr
₹46 Cr
₹51 Cr
₹77 Cr
₹51 Cr
₹68 Cr
₹95 Cr
₹94 Cr
₹79 Cr
₹76 Cr
₹73 Cr
₹97 Cr
₹80 Cr
₹79 Cr
₹99 Cr
₹48 Cr
—
Profit growth · reported quarter history
Bharat Bijlee Ltd · BBL
—
—
—
14%
21%
44%
125%
56%
65%
30%
81%
-4.0%
-32%
37%
2.0%
17%
47%
-39%
-22%
—
CG Power & Industrial Solutions Ltd · CGPOWER
—
—
—
171%
-4.8%
-58%
280%
57%
35%
228%
-45%
18%
-9.1%
-68%
17%
11%
29%
19%
32%
15%
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
45%
—
14%
—
Indo Tech Transformers Ltd · INDOTECH
—
—
—
—
-80%
-43%
217%
300%
600%
175%
37%
50%
157%
73%
-19%
217%
39%
32%
14%
—
Marsons Ltd · MARSONS⚠ unverified
—
—
—
—
—
—
—
—
—
-100%
-100%
—
1,456%
—
—
60%
29%
0.0%
156%
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
—
—
—
—
—
-15%
—
30%
378%
107%
-93%
37%
26%
22%
1,733%
-15%
-3.7%
-13%
-60%
—
Shilchar Technologies Ltd · SHILCTECH
—
—
—
—
—
—
—
—
—
117%
56%
50%
38%
35%
120%
71%
39%
20%
-49%
—
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
—
—
—
—
22%
0.0%
9.1%
50%
30%
43%
7.1%
-8.3%
—
Transformers & Rectifiers India Ltd · TARIL
—
—
—
—
140%
180%
900%
-300%
-83%
14%
320%
—
2,200%
244%
124%
219%
-20%
38%
-3.2%
-4.5%
Ujaas Energy Ltd · UEL⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
-91%
—
-35%
-88%
-96%
40%
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
27%
—
75%
—
71%
—
-29%
—
Voltamp Transformers Ltd · VOLTAMP
—
—
—
69%
31%
70%
48%
89%
48%
86%
22%
55%
12%
-23%
3.2%
1.3%
4.0%
36%
-51%
—
04 · compare level, then change
Capacity Spending & Returns On It
Danish Power Ltd has the highest CAPEX among the 12 Capital Goods - Transformers companies compared here, at ₹35 crore. Vilas Transcore Ltd is next at ₹10 crore. The same company also holds the highest CAPEX intensity, at 11.3%. 2 of 12 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Danish Power Ltd reports ₹35 crore of CAPEX; Danish Power Ltd has the highest covered intensity at 11.3%. Coverage is only 2 of 12 companies and 10 reported observations, so this is partial evidence—not a complete sector rank.
LeaderDanish Power Ltd · ₹35 crore
Gap250% versus #2 · Vilas Transcore Ltd
Persistence4/4 recent comparable periods
Coverage2/12 companies · 10 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Danish Power Ltd DANISH⚠ unverified₹35 Cr
2Vilas Transcore Ltd VILAS⚠ unverified₹10 Cr
CAPEX intensityhighest reinvestment intensity
1Danish Power Ltd DANISH⚠ unverified11%
2Vilas Transcore Ltd VILAS⚠ unverified4.3%
Capital expenditure · company comparison
2/12 level · 2/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Shilchar Technologies Ltd (SHILCTECH) — its two data sources disagree by up to 3.4% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| Danish Power Ltd DANISH⚠ unverified | ₹35 Cr | 11% | Mar 2026 |
| Vilas Transcore Ltd VILAS⚠ unverified | ₹10 Cr | 4.3% | Mar 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
₹32 Cr
—
₹14 Cr
—
₹40 Cr
—
₹35 Cr
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
₹1 Cr
—
₹1 Cr
—
₹3 Cr
—
₹37 Cr
—
₹29 Cr
—
₹10 Cr
—
CAPEX intensity · reported quarter history
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
20%
—
5.3%
—
19%
—
11%
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
0.6%
—
0.7%
—
1.9%
—
19%
—
13%
—
4.3%
—
Annual capital allocation · 10-year view
12/12 capacity base · 12/12 OCF · 12/12 CAPEX · 12/12 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Bharat Bijlee Ltd · BBL
₹73 Cr
₹72 Cr
₹77 Cr
₹98 Cr
₹105 Cr
₹108 Cr
₹110 Cr
₹133 Cr
₹143 Cr
₹228 Cr
CG Power & Industrial Solutions Ltd · CGPOWER
₹1.8K Cr
₹2.4K Cr
₹2.1K Cr
₹1.5K Cr
₹1.2K Cr
₹1.1K Cr
₹1.0K Cr
₹1.2K Cr
₹1.9K Cr
₹2.7K Cr
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
₹35 Cr
₹77 Cr
₹234 Cr
Indo Tech Transformers Ltd · INDOTECH
₹54 Cr
₹50 Cr
₹52 Cr
₹48 Cr
₹44 Cr
₹42 Cr
₹45 Cr
₹49 Cr
₹56 Cr
₹87 Cr
Marsons Ltd · MARSONS⚠ unverified
₹56 Cr
₹24 Cr
₹21 Cr
₹19 Cr
₹17 Cr
₹16 Cr
₹13 Cr
₹13 Cr
₹14 Cr
₹90 Cr
Schneider Electric Infrastructure Ltd · SCHNEIDER
₹363 Cr
₹359 Cr
₹314 Cr
₹317 Cr
₹308 Cr
₹314 Cr
₹334 Cr
₹433 Cr
₹505 Cr
₹564 Cr
Shilchar Technologies Ltd · SHILCTECH
₹23 Cr
₹38 Cr
₹41 Cr
₹39 Cr
₹37 Cr
₹36 Cr
₹39 Cr
₹46 Cr
₹59 Cr
₹75 Cr
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
₹5 Cr
₹24 Cr
₹64 Cr
₹120 Cr
Transformers & Rectifiers India Ltd · TARIL
₹193 Cr
₹207 Cr
₹204 Cr
₹195 Cr
₹181 Cr
₹171 Cr
₹156 Cr
₹149 Cr
₹313 Cr
₹388 Cr
Ujaas Energy Ltd · UEL⚠ unverified
₹180 Cr
₹174 Cr
₹165 Cr
₹156 Cr
₹149 Cr
₹141 Cr
₹134 Cr
₹29 Cr
₹30 Cr
₹29 Cr
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
₹0 Cr
₹38 Cr
₹37 Cr
₹34 Cr
₹33 Cr
₹70 Cr
₹105 Cr
Voltamp Transformers Ltd · VOLTAMP
₹39 Cr
₹46 Cr
₹48 Cr
₹59 Cr
₹61 Cr
₹70 Cr
₹67 Cr
₹78 Cr
₹121 Cr
₹226 Cr
Operating cash flow · fiscal-year history
Bharat Bijlee Ltd · BBL
₹13 Cr
₹-53 Cr
₹53 Cr
₹12 Cr
₹39 Cr
₹-9 Cr
₹52 Cr
₹241 Cr
₹175 Cr
₹-92 Cr
CG Power & Industrial Solutions Ltd · CGPOWER
₹-540 Cr
₹380 Cr
₹811 Cr
₹692 Cr
₹-242 Cr
₹483 Cr
₹947 Cr
₹1.0K Cr
₹916 Cr
₹702 Cr
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
₹7 Cr
₹17 Cr
₹26 Cr
₹-19 Cr
₹42 Cr
Indo Tech Transformers Ltd · INDOTECH
₹-12 Cr
₹4 Cr
₹17 Cr
₹-14 Cr
₹8 Cr
₹22 Cr
₹-4 Cr
₹32 Cr
₹56 Cr
₹57 Cr
Marsons Ltd · MARSONS⚠ unverified
₹4 Cr
₹-7 Cr
₹1 Cr
₹-13 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹-4 Cr
₹-35 Cr
₹2 Cr
Schneider Electric Infrastructure Ltd · SCHNEIDER
₹-135 Cr
₹156 Cr
₹-52 Cr
₹4 Cr
₹8 Cr
₹120 Cr
₹88 Cr
₹189 Cr
₹308 Cr
₹224 Cr
Shilchar Technologies Ltd · SHILCTECH
₹12 Cr
₹5 Cr
₹1 Cr
₹6 Cr
₹10 Cr
₹-6 Cr
₹39 Cr
₹76 Cr
₹40 Cr
₹192 Cr
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
₹5 Cr
₹-11 Cr
₹39 Cr
₹26 Cr
Transformers & Rectifiers India Ltd · TARIL
₹66 Cr
₹-102 Cr
₹179 Cr
₹16 Cr
₹96 Cr
₹2 Cr
₹28 Cr
₹29 Cr
₹157 Cr
₹-105 Cr
Ujaas Energy Ltd · UEL⚠ unverified
₹-16 Cr
₹-34 Cr
₹-17 Cr
₹43 Cr
₹1 Cr
₹7 Cr
₹-0 Cr
₹122 Cr
₹3 Cr
₹4 Cr
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
₹22 Cr
₹20 Cr
₹13 Cr
₹13 Cr
₹49 Cr
₹-35 Cr
₹-2 Cr
Voltamp Transformers Ltd · VOLTAMP
₹78 Cr
₹43 Cr
₹32 Cr
₹108 Cr
₹20 Cr
₹66 Cr
₹168 Cr
₹216 Cr
₹219 Cr
₹140 Cr
CAPEX · reported cash flow · fiscal-year history
Bharat Bijlee Ltd · BBL
₹5 Cr
₹8 Cr
₹13 Cr
₹30 Cr
₹17 Cr
₹15 Cr
₹15 Cr
₹38 Cr
₹29 Cr
₹107 Cr
CG Power & Industrial Solutions Ltd · CGPOWER
₹-769 Cr
₹935 Cr
₹-83 Cr
₹-413 Cr
₹-213 Cr
₹49 Cr
₹-13 Cr
₹239 Cr
₹824 Cr
₹1.1K Cr
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
₹47 Cr
₹164 Cr
Indo Tech Transformers Ltd · INDOTECH
₹-3 Cr
₹1 Cr
₹7 Cr
₹1 Cr
₹1 Cr
₹3 Cr
₹8 Cr
₹9 Cr
₹11 Cr
₹36 Cr
Marsons Ltd · MARSONS⚠ unverified
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹-2 Cr
₹1 Cr
₹1 Cr
₹77 Cr
Schneider Electric Infrastructure Ltd · SCHNEIDER
₹199 Cr
₹23 Cr
₹-19 Cr
₹25 Cr
₹13 Cr
₹23 Cr
₹39 Cr
₹121 Cr
₹97 Cr
₹91 Cr
Shilchar Technologies Ltd · SHILCTECH
₹6 Cr
₹16 Cr
₹5 Cr
₹1 Cr
₹1 Cr
₹2 Cr
₹5 Cr
₹10 Cr
₹16 Cr
₹20 Cr
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
₹19 Cr
₹40 Cr
₹58 Cr
Transformers & Rectifiers India Ltd · TARIL
₹12 Cr
₹30 Cr
₹16 Cr
₹11 Cr
₹5 Cr
₹7 Cr
₹10 Cr
₹18 Cr
₹191 Cr
₹105 Cr
Ujaas Energy Ltd · UEL⚠ unverified
₹12 Cr
₹2 Cr
₹-1 Cr
₹-1 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹-97 Cr
₹1 Cr
₹0 Cr
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
₹40 Cr
₹1 Cr
₹-1 Cr
₹1 Cr
₹39 Cr
₹39 Cr
Voltamp Transformers Ltd · VOLTAMP
₹6 Cr
₹13 Cr
₹9 Cr
₹20 Cr
₹11 Cr
₹17 Cr
₹7 Cr
₹22 Cr
₹56 Cr
₹120 Cr
Free cash flow · fiscal-year history
Bharat Bijlee Ltd · BBL
₹8 Cr
₹-61 Cr
₹40 Cr
₹-18 Cr
₹22 Cr
₹-24 Cr
₹37 Cr
₹203 Cr
₹146 Cr
₹-199 Cr
CG Power & Industrial Solutions Ltd · CGPOWER
₹229 Cr
₹-555 Cr
₹894 Cr
₹1.1K Cr
₹-29 Cr
₹434 Cr
₹960 Cr
₹789 Cr
₹92 Cr
₹-362 Cr
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
₹-66 Cr
₹-122 Cr
Indo Tech Transformers Ltd · INDOTECH
₹-9 Cr
₹3 Cr
₹10 Cr
₹-15 Cr
₹7 Cr
₹19 Cr
₹-12 Cr
₹23 Cr
₹45 Cr
₹21 Cr
Marsons Ltd · MARSONS⚠ unverified
₹4 Cr
₹-7 Cr
₹1 Cr
₹-13 Cr
₹0 Cr
₹0 Cr
₹2 Cr
₹-5 Cr
₹-36 Cr
₹-75 Cr
Schneider Electric Infrastructure Ltd · SCHNEIDER
₹-334 Cr
₹133 Cr
₹-33 Cr
₹-21 Cr
₹-5 Cr
₹97 Cr
₹49 Cr
₹68 Cr
₹211 Cr
₹133 Cr
Shilchar Technologies Ltd · SHILCTECH
₹6 Cr
₹-11 Cr
₹-4 Cr
₹5 Cr
₹9 Cr
₹-8 Cr
₹34 Cr
₹66 Cr
₹24 Cr
₹172 Cr
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
₹-30 Cr
₹-1 Cr
₹-32 Cr
Transformers & Rectifiers India Ltd · TARIL
₹54 Cr
₹-132 Cr
₹163 Cr
₹5 Cr
₹91 Cr
₹-5 Cr
₹18 Cr
₹11 Cr
₹-34 Cr
₹-210 Cr
Ujaas Energy Ltd · UEL⚠ unverified
₹-29 Cr
₹-36 Cr
₹-17 Cr
₹44 Cr
₹1 Cr
₹7 Cr
₹-1 Cr
₹219 Cr
₹2 Cr
₹4 Cr
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
₹-20 Cr
₹12 Cr
₹14 Cr
₹48 Cr
₹-74 Cr
₹-41 Cr
Voltamp Transformers Ltd · VOLTAMP
₹72 Cr
₹30 Cr
₹23 Cr
₹88 Cr
₹9 Cr
₹49 Cr
₹161 Cr
₹194 Cr
₹163 Cr
₹20 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Shilchar Technologies Ltd has the lowest Gross debt among the 12 Capital Goods - Transformers companies compared here, at ₹0 crore. Marsons Ltd is next at ₹1 crore. CG Power & Industrial Solutions Ltd has the lowest Net debt at ₹2,865 crore net cash, so level and change sit with different companies.
What the numbers say: CG Power & Industrial Solutions Ltd has the clearest covered balance-sheet capacity with ₹2,865 crore net cash and gross debt of ₹118 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderShilchar Technologies Ltd · ₹0 crore
Gap100% versus #2 · Marsons Ltd
PersistenceNot enough history
Coverage12/12 companies · 170 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Shilchar Technologies Ltd SHILCTECH₹0 Cr
2Marsons Ltd MARSONS⚠ unverified₹1 Cr
3Voltamp Transformers Ltd VOLTAMP₹1 Cr
4Danish Power Ltd DANISH⚠ unverified₹2 Cr
5Indo Tech Transformers Ltd INDOTECH₹5 Cr
Net debtlowest net debt
1CG Power & Industrial Solutions Ltd CGPOWER₹-2.9K Cr
2Indo Tech Transformers Ltd INDOTECH₹-109 Cr
3Voltamp Transformers Ltd VOLTAMP₹-100 Cr
4Danish Power Ltd DANISH⚠ unverified₹-90 Cr
5Vilas Transcore Ltd VILAS⚠ unverified₹-67 Cr
Debt and balance-sheet capacity · company comparison
12/12 level · 10/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Schneider Electric Infrastructure Ltd SCHNEIDER | ₹548 Cr | ₹190 Cr | Mar 2026 |
| Transformers & Rectifiers India Ltd TARIL | ₹457 Cr | ₹165 Cr | Jun 2026 |
| Bharat Bijlee Ltd BBL | ₹301 Cr | ₹43 Cr | Mar 2026 |
| CG Power & Industrial Solutions Ltd CGPOWER | ₹118 Cr | ₹-2.9K Cr | Jun 2026 |
| Supreme Power Equipment Ltd SUPREMEPWR | ₹50 Cr | — | Mar 2026 |
| Vilas Transcore Ltd VILAS⚠ unverified | ₹39 Cr | ₹-67 Cr | Mar 2026 |
| Ujaas Energy Ltd UEL⚠ unverified | ₹24 Cr | ₹7 Cr | Mar 2026 |
| Indo Tech Transformers Ltd INDOTECH | ₹5 Cr | ₹-109 Cr | Mar 2026 |
| Danish Power Ltd DANISH⚠ unverified | ₹2 Cr | ₹-90 Cr | Mar 2026 |
| Voltamp Transformers Ltd VOLTAMP | ₹1 Cr | ₹-100 Cr | Mar 2026 |
| Marsons Ltd MARSONS⚠ unverified | ₹1 Cr | ₹-10 Cr | Mar 2026 |
| Shilchar Technologies Ltd SHILCTECH | ₹0 Cr | — | Mar 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Bharat Bijlee Ltd · BBL
₹324 Cr
₹324 Cr
₹279 Cr
₹287 Cr
₹295 Cr
₹295 Cr
₹287 Cr
₹295 Cr
₹213 Cr
₹213 Cr
₹150 Cr
₹158 Cr
₹143 Cr
₹143 Cr
₹80 Cr
₹87 Cr
₹191 Cr
₹191 Cr
₹301 Cr
—
CG Power & Industrial Solutions Ltd · CGPOWER
₹1.2K Cr
₹1.2K Cr
₹367 Cr
₹367 Cr
₹242 Cr
₹242 Cr
₹16 Cr
₹17 Cr
₹17 Cr
₹17 Cr
₹17 Cr
₹18 Cr
₹30 Cr
₹30 Cr
₹41 Cr
₹41 Cr
₹117 Cr
₹117 Cr
₹118 Cr
—
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
₹13 Cr
—
₹35 Cr
—
₹4 Cr
—
₹3 Cr
—
₹2 Cr
—
Indo Tech Transformers Ltd · INDOTECH
₹2 Cr
₹2 Cr
₹1 Cr
₹1 Cr
₹10 Cr
₹10 Cr
₹11 Cr
₹11 Cr
₹5 Cr
₹5 Cr
₹5 Cr
₹5 Cr
₹4 Cr
₹4 Cr
₹8 Cr
₹8 Cr
₹12 Cr
₹12 Cr
₹5 Cr
—
Marsons Ltd · MARSONS⚠ unverified
₹23 Cr
₹23 Cr
₹23 Cr
₹23 Cr
₹23 Cr
₹23 Cr
₹15 Cr
₹15 Cr
₹8 Cr
₹8 Cr
₹9 Cr
₹9 Cr
₹5 Cr
₹5 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹1 Cr
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
₹585 Cr
₹585 Cr
₹590 Cr
₹506 Cr
₹574 Cr
₹574 Cr
₹618 Cr
₹476 Cr
₹477 Cr
₹477 Cr
₹575 Cr
₹547 Cr
₹514 Cr
₹514 Cr
₹606 Cr
₹522 Cr
₹527 Cr
₹527 Cr
₹548 Cr
—
Shilchar Technologies Ltd · SHILCTECH
—
—
₹17 Cr
—
—
—
₹0 Cr
—
—
—
₹0 Cr
—
—
—
₹0 Cr
—
₹0 Cr
—
₹0 Cr
—
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
₹20 Cr
—
—
—
₹9 Cr
—
—
—
₹19 Cr
—
₹33 Cr
—
₹50 Cr
—
Transformers & Rectifiers India Ltd · TARIL
₹274 Cr
₹274 Cr
₹325 Cr
₹325 Cr
₹237 Cr
₹237 Cr
₹330 Cr
₹330 Cr
₹383 Cr
₹383 Cr
₹256 Cr
₹256 Cr
₹244 Cr
₹244 Cr
₹283 Cr
₹283 Cr
₹366 Cr
₹366 Cr
₹457 Cr
₹457 Cr
Ujaas Energy Ltd · UEL⚠ unverified
₹118 Cr
₹118 Cr
₹105 Cr
₹124 Cr
₹124 Cr
₹124 Cr
₹106 Cr
₹106 Cr
₹110 Cr
₹110 Cr
₹19 Cr
₹19 Cr
₹19 Cr
₹19 Cr
₹24 Cr
₹24 Cr
₹24 Cr
₹24 Cr
₹24 Cr
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
₹3 Cr
—
—
—
₹5 Cr
—
—
—
₹0 Cr
—
₹15 Cr
—
₹11 Cr
—
₹11 Cr
—
₹39 Cr
—
Voltamp Transformers Ltd · VOLTAMP
—
—
₹0 Cr
—
—
—
₹0 Cr
—
₹2 Cr
₹2 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹2 Cr
₹2 Cr
₹1 Cr
₹1 Cr
₹1 Cr
—
Net debt · reported quarter history
Bharat Bijlee Ltd · BBL
₹267 Cr
₹267 Cr
₹184 Cr
₹182 Cr
₹203 Cr
₹203 Cr
₹-19 Cr
₹-19 Cr
₹-118 Cr
₹-118 Cr
₹-14 Cr
₹-45 Cr
₹-249 Cr
₹-249 Cr
₹-347 Cr
₹-350 Cr
₹-125 Cr
₹-125 Cr
₹43 Cr
—
CG Power & Industrial Solutions Ltd · CGPOWER
₹707 Cr
₹707 Cr
₹-153 Cr
₹-227 Cr
₹-525 Cr
₹-525 Cr
₹-694 Cr
₹-694 Cr
₹-1.2K Cr
₹-1.2K Cr
₹-1.4K Cr
₹-1.4K Cr
₹-1.5K Cr
₹-1.5K Cr
₹-1.6K Cr
₹-1.6K Cr
₹-1.3K Cr
₹-1.3K Cr
₹-2.9K Cr
—
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
₹25 Cr
—
₹-121 Cr
—
₹-100 Cr
—
₹-90 Cr
—
Indo Tech Transformers Ltd · INDOTECH
₹-14 Cr
₹-14 Cr
₹-42 Cr
₹-42 Cr
₹-26 Cr
₹-26 Cr
₹-31 Cr
₹-31 Cr
₹-42 Cr
₹-42 Cr
₹-53 Cr
₹-53 Cr
₹-63 Cr
₹-63 Cr
₹-85 Cr
₹-85 Cr
₹-83 Cr
₹-83 Cr
₹-109 Cr
—
Marsons Ltd · MARSONS⚠ unverified
₹23 Cr
₹23 Cr
₹23 Cr
₹23 Cr
₹23 Cr
₹23 Cr
₹15 Cr
₹15 Cr
₹7 Cr
₹7 Cr
₹9 Cr
₹9 Cr
₹-41 Cr
₹-41 Cr
₹2 Cr
₹2 Cr
₹1 Cr
₹1 Cr
₹-10 Cr
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
₹576 Cr
₹576 Cr
₹470 Cr
₹470 Cr
₹556 Cr
₹556 Cr
₹514 Cr
₹456 Cr
₹458 Cr
₹458 Cr
₹444 Cr
₹500 Cr
₹374 Cr
₹374 Cr
₹264 Cr
₹264 Cr
₹250 Cr
₹250 Cr
₹190 Cr
—
Transformers & Rectifiers India Ltd · TARIL
₹239 Cr
₹239 Cr
₹311 Cr
₹311 Cr
₹208 Cr
₹208 Cr
₹323 Cr
₹323 Cr
₹354 Cr
₹354 Cr
₹249 Cr
₹249 Cr
₹-148 Cr
₹-148 Cr
₹39 Cr
₹39 Cr
₹-28 Cr
₹-28 Cr
₹165 Cr
₹165 Cr
Ujaas Energy Ltd · UEL⚠ unverified
₹117 Cr
₹117 Cr
₹98 Cr
₹116 Cr
₹116 Cr
₹116 Cr
₹104 Cr
₹104 Cr
₹109 Cr
₹109 Cr
₹3 Cr
₹3 Cr
₹2 Cr
₹2 Cr
₹9 Cr
₹9 Cr
₹5 Cr
₹5 Cr
₹7 Cr
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
—
—
₹-93 Cr
—
₹-142 Cr
—
₹-111 Cr
—
₹-92 Cr
—
₹-67 Cr
—
Voltamp Transformers Ltd · VOLTAMP
—
—
—
—
—
—
—
—
₹-52 Cr
₹-52 Cr
₹-58 Cr
₹-58 Cr
₹-33 Cr
₹-33 Cr
₹-160 Cr
₹-160 Cr
₹-39 Cr
₹-39 Cr
₹-100 Cr
—
06 · compare level, then change
Return On Capital Employed
Shilchar Technologies Ltd has the highest ROCE among the 12 Capital Goods - Transformers companies compared here, at 50.7%. Indo Tech Transformers Ltd is next at 37.7%. Indo Tech Transformers Ltd has the highest ROCE change at +5.4 percentage points, so level and change sit with different companies.
What the numbers say: Shilchar Technologies Ltd leads ROCE at 50.7%, 13 percentage points above Indo Tech Transformers Ltd. Indo Tech Transformers Ltd has the strongest latest improvement at +5.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderShilchar Technologies Ltd · 50.7%
Gap34.5% versus #2 · Indo Tech Transformers Ltd
PersistenceNot enough history
Coverage12/12 companies · 130 observations
Investor read: Shilchar Technologies Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Shilchar Technologies Ltd SHILCTECH51%
2Indo Tech Transformers Ltd INDOTECH38%
3Schneider Electric Infrastructure Ltd SCHNEIDER30%
4CG Power & Industrial Solutions Ltd CGPOWER27%
5Marsons Ltd MARSONS⚠ unverified25%
ROCE changefastest improvers
1Indo Tech Transformers Ltd INDOTECH+5.4 pp
2Vilas Transcore Ltd VILAS⚠ unverified−0.3 pp
3Bharat Bijlee Ltd BBL−0.9 pp
4Marsons Ltd MARSONS⚠ unverified−1.0 pp
5Voltamp Transformers Ltd VOLTAMP−3.2 pp
Return on capital · company comparison
12/12 level · 12/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Shilchar Technologies Ltd (SHILCTECH) — its two data sources disagree by up to 3.4% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Indo Tech Transformers Ltd INDOTECH | 30% | +5.4 pp | Mar 2026 |
| Transformers & Rectifiers India Ltd TARIL | 28% | −11.8 pp | Jun 2026 |
| Schneider Electric Infrastructure Ltd SCHNEIDER | 25% | −7.3 pp | Mar 2026 |
| Marsons Ltd MARSONS⚠ unverified | 19% | −1.0 pp | Mar 2026 |
| Voltamp Transformers Ltd VOLTAMP | 19% | −3.2 pp | Mar 2026 |
| Danish Power Ltd DANISH⚠ unverified | 18% | −6.6 pp | Mar 2026 |
| CG Power & Industrial Solutions Ltd CGPOWER | 17% | −11.4 pp | Jun 2026 |
| Vilas Transcore Ltd VILAS⚠ unverified | 14% | −0.3 pp | Mar 2026 |
| Bharat Bijlee Ltd BBL | 6.2% | −0.9 pp | Mar 2026 |
| Ujaas Energy Ltd UEL⚠ unverified | -4.9% | −9.5 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Bharat Bijlee Ltd · BBL
6.7%
—
6.2%
—
5.8%
—
7.2%
—
8.3%
12%
7.9%
11%
5.6%
9.5%
7.1%
9.6%
6.9%
7.9%
6.2%
—
CG Power & Industrial Solutions Ltd · CGPOWER
25%
—
39%
—
44%
—
49%
—
45%
95%
33%
73%
28%
42%
28%
38%
16%
26%
17%
—
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
28%
—
24%
—
25%
—
18%
—
Indo Tech Transformers Ltd · INDOTECH
9.0%
—
8.7%
—
10%
—
15%
—
21%
32%
25%
32%
28%
42%
25%
41%
29%
41%
30%
—
Marsons Ltd · MARSONS⚠ unverified
-7.5%
—
-5.8%
—
-5.4%
—
4.6%
—
5.7%
30%
4.3%
34%
13%
28%
20%
44%
20%
27%
19%
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
7.4%
—
16%
—
24%
—
26%
—
32%
46%
33%
43%
33%
47%
32%
40%
29%
34%
25%
—
Transformers & Rectifiers India Ltd · TARIL
14%
—
13%
—
17%
—
20%
—
13%
17%
17%
28%
17%
34%
22%
39%
23%
32%
22%
28%
Ujaas Energy Ltd · UEL⚠ unverified
-14%
—
-11%
—
-16%
—
-6.6%
—
-11%
21%
-8.5%
20%
-3.3%
13%
4.6%
11%
0.9%
3.0%
-4.9%
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
—
—
17%
—
11%
—
15%
—
17%
—
14%
—
Voltamp Transformers Ltd · VOLTAMP
9.2%
—
14%
—
18%
—
20%
—
22%
35%
23%
35%
24%
33%
22%
29%
22%
30%
19%
—
ROCE change · reported quarter history
Bharat Bijlee Ltd · BBL
—
—
—
—
−0.9 pp
—
+1.0 pp
—
+2.5 pp
—
+0.7 pp
—
−2.7 pp
−2.5 pp
−0.8 pp
−1.5 pp
+1.3 pp
−1.6 pp
−0.9 pp
—
CG Power & Industrial Solutions Ltd · CGPOWER
—
—
—
—
+19.2 pp
—
+9.8 pp
—
+1.0 pp
—
−15.8 pp
—
−16.8 pp
−53.6 pp
−5.1 pp
−34.8 pp
−11.7 pp
−15.5 pp
−11.4 pp
—
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−2.9 pp
—
−6.6 pp
—
Indo Tech Transformers Ltd · INDOTECH
—
—
—
—
+1.4 pp
—
+6.5 pp
—
+10.7 pp
—
+9.5 pp
—
+6.9 pp
+10.0 pp
+0.1 pp
+9.2 pp
+0.7 pp
−0.1 pp
+5.4 pp
—
Marsons Ltd · MARSONS⚠ unverified
—
—
—
—
+2.1 pp
—
+10.4 pp
—
+11.1 pp
—
−0.3 pp
—
+6.9 pp
−2.5 pp
+16.0 pp
+9.7 pp
+7.8 pp
−1.0 pp
−1.0 pp
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
—
—
—
—
+17.0 pp
—
+10.5 pp
—
+7.8 pp
—
+6.7 pp
—
+0.9 pp
+0.6 pp
−0.9 pp
−3.9 pp
−4.4 pp
−12.7 pp
−7.3 pp
—
Transformers & Rectifiers India Ltd · TARIL
—
—
—
—
+2.8 pp
—
+7.1 pp
—
−3.5 pp
—
−2.8 pp
—
+4.1 pp
+17.1 pp
+4.3 pp
+11.1 pp
+5.4 pp
−1.8 pp
−0.1 pp
−11.8 pp
Ujaas Energy Ltd · UEL⚠ unverified
—
—
—
—
−1.1 pp
—
+4.5 pp
—
+4.3 pp
—
−1.9 pp
—
+7.9 pp
−7.9 pp
+13.1 pp
−8.7 pp
+4.2 pp
−10.2 pp
−9.5 pp
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−2.8 pp
—
+6.0 pp
—
−0.3 pp
—
Voltamp Transformers Ltd · VOLTAMP
—
—
—
—
+8.4 pp
—
+6.2 pp
—
+4.1 pp
—
+2.9 pp
—
+2.3 pp
−2.4 pp
−0.7 pp
−5.1 pp
−1.8 pp
−2.4 pp
−3.2 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
Indo Tech Transformers Ltd has the lowest Guarded PEG among the 12 Capital Goods - Transformers companies compared here, at 0.45×. Transformers & Rectifiers India Ltd is next at 1.53×. Vilas Transcore Ltd has the lowest P/E at 22.1×, so level and change sit with different companies. 6 of 12 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Indo Tech Transformers Ltd has the lowest comparable Guarded PEG at 0.45×, 70.6% below Transformers & Rectifiers India Ltd. Only 6 of 12 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderIndo Tech Transformers Ltd · 0.45×
Gap70.6% versus #2 · Transformers & Rectifiers India Ltd
Persistence0/8 recent comparable periods
Coverage6/12 companies · 49 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Indo Tech Transformers Ltd INDOTECH0.5
2Transformers & Rectifiers India Ltd TARIL1.5
3Voltamp Transformers Ltd VOLTAMP2.4
4Schneider Electric Infrastructure Ltd SCHNEIDER2.8
5Bharat Bijlee Ltd BBL4.5
P/Elowest P/E
1Vilas Transcore Ltd VILAS⚠ unverified22.1
2Danish Power Ltd DANISH⚠ unverified23.5
3Supreme Power Equipment Ltd SUPREMEPWR23.5
4Bharat Bijlee Ltd BBL23.7
5Shilchar Technologies Ltd SHILCTECH30.9
Valuation · company comparison
6/12 level · 12/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| CG Power & Industrial Solutions Ltd CGPOWER | 5.2 | 120.0 | Jun 2026 |
| Bharat Bijlee Ltd BBL | 4.5 | 18.4 | Mar 2026 |
| Schneider Electric Infrastructure Ltd SCHNEIDER | 2.8 | 80.1 | Mar 2026 |
| Voltamp Transformers Ltd VOLTAMP | 2.4 | 24.1 | Mar 2026 |
| Transformers & Rectifiers India Ltd TARIL | 1.5 | 38.0 | Jun 2026 |
| Indo Tech Transformers Ltd INDOTECH | 0.5 | 13.9 | Mar 2026 |
| Shilchar Technologies Ltd SHILCTECH | — | 22.4 | Mar 2026 |
| Marsons Ltd MARSONS⚠ unverified | — | 69.5 | Mar 2026 |
| Danish Power Ltd DANISH⚠ unverified | — | 18.0 | Mar 2026 |
| Ujaas Energy Ltd UEL⚠ unverified | — | 724.5 | Mar 2026 |
| Vilas Transcore Ltd VILAS⚠ unverified | — | 19.5 | Mar 2026 |
| Supreme Power Equipment Ltd SUPREMEPWR | — | 18.9 | Mar 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
Bharat Bijlee Ltd · BBL
—
—
—
—
0.9
0.5
1.1
0.4
0.4
—
—
—
1.0
0.9
—
1.6
4.5
—
—
—
CG Power & Industrial Solutions Ltd · CGPOWER
—
—
—
—
—
—
—
1.5
1.7
—
2.6
9.6
14.9
—
11.0
7.6
9.9
5.2
4.8
5.2
Indo Tech Transformers Ltd · INDOTECH
—
—
—
—
—
2.1
—
—
—
—
0.8
—
—
—
—
0.9
0.4
0.5
0.5
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
—
2.1
—
—
—
—
—
—
—
—
—
—
2.3
4.4
—
1.6
2.6
—
2.8
—
Transformers & Rectifiers India Ltd · TARIL
0.6
—
—
—
1.0
—
—
—
4.3
44.3
—
—
—
—
—
—
—
—
—
1.5
Voltamp Transformers Ltd · VOLTAMP
0.8
—
0.9
—
1.1
—
0.3
0.4
—
0.5
—
0.7
0.8
0.8
2.1
4.9
—
—
2.4
—
P/E · reported quarter history
Bharat Bijlee Ltd · BBL
15.3
19.1
17.8
16.3
18.4
22.7
21.1
20.4
22.1
26.5
33.0
40.0
42.1
34.5
24.7
25.9
26.0
20.8
18.4
—
CG Power & Industrial Solutions Ltd · CGPOWER
19.6
27.1
22.6
57.3
64.4
69.0
73.0
76.5
81.6
79.4
96.1
125.8
129.3
127.5
103.7
105.4
112.7
94.7
91.1
120.0
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
27.3
—
29.2
—
18.0
—
Indo Tech Transformers Ltd · INDOTECH
27.4
17.1
11.7
15.4
12.1
12.7
14.7
17.4
16.3
20.8
25.9
36.4
40.7
51.6
34.8
33.0
23.5
19.6
13.9
—
Marsons Ltd · MARSONS⚠ unverified
—
—
—
—
—
-183.1
24.5
—
21.5
32.5
820.8
142.9
310.2
152.7
94.1
131.8
98.4
80.4
69.5
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
119.4
123.1
159.2
77.2
73.2
53.0
56.8
57.5
67.3
57.5
81.4
118.0
104.0
94.2
78.6
74.4
80.7
70.8
80.1
—
Shilchar Technologies Ltd · SHILCTECH
14.1
19.4
19.5
14.3
12.5
13.6
16.7
16.5
22.2
27.9
35.2
45.7
41.8
54.3
34.4
41.4
31.4
25.4
22.4
—
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
—
—
0.4
0.4
49.5
47.6
37.9
18.9
30.6
27.8
23.4
18.9
—
Transformers & Rectifiers India Ltd · TARIL
27.0
31.5
22.6
26.8
45.2
30.4
22.9
32.3
104.7
257.1
363.9
233.2
116.3
132.6
99.3
69.5
57.7
35.0
30.6
38.0
Ujaas Energy Ltd · UEL⚠ unverified
—
—
—
—
—
—
—
—
—
1.5
—
59.1
123.7
129.4
241.7
690.9
571.6
844.9
724.5
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
31.5
—
26.0
—
37.0
—
19.5
—
Voltamp Transformers Ltd · VOLTAMP
13.4
17.7
18.1
19.7
18.3
18.1
15.5
20.5
20.3
26.8
33.7
36.2
40.0
29.9
22.4
28.9
21.8
23.9
24.1
—
08 · compare level, then change
Enterprise Value & Book Value
Indo Tech Transformers Ltd has the lowest EV/EBITDA among the 12 Capital Goods - Transformers companies compared here, at 9.5×. Danish Power Ltd is next at 10.7×. Bharat Bijlee Ltd has the lowest P/BV at 1.4×, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Indo Tech Transformers Ltd leads ev/ebitda at 9.5×; Bharat Bijlee Ltd leads p/bv at 1.4×.
LeaderIndo Tech Transformers Ltd · 9.5×
Gap11.2% versus #2 · Danish Power Ltd
Persistence0/8 recent comparable periods
Coverage12/12 companies · 169 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Indo Tech Transformers Ltd INDOTECH9.5
2Danish Power Ltd DANISH⚠ unverified10.7
3Bharat Bijlee Ltd BBL11.0
4Vilas Transcore Ltd VILAS⚠ unverified12.1
5Supreme Power Equipment Ltd SUPREMEPWR13.5
P/BVlowest P/BV
1Bharat Bijlee Ltd BBL1.4
2Vilas Transcore Ltd VILAS⚠ unverified2.7
3Danish Power Ltd DANISH⚠ unverified3.5
4Supreme Power Equipment Ltd SUPREMEPWR4.1
5Voltamp Transformers Ltd VOLTAMP5.2
Enterprise and book valuation · company comparison
12/12 level · 12/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| Ujaas Energy Ltd UEL⚠ unverified | 613.5 | 20.9 | Mar 2026 |
| CG Power & Industrial Solutions Ltd CGPOWER | 78.7 | 37.4 | Jun 2026 |
| Marsons Ltd MARSONS⚠ unverified | 49.5 | 9.7 | Mar 2026 |
| Schneider Electric Infrastructure Ltd SCHNEIDER | 49.2 | 31.9 | Mar 2026 |
| Transformers & Rectifiers India Ltd TARIL | 23.3 | 6.6 | Jun 2026 |
| Voltamp Transformers Ltd VOLTAMP | 17.6 | 5.2 | Mar 2026 |
| Shilchar Technologies Ltd SHILCTECH | 16.1 | 9.9 | Mar 2026 |
| Supreme Power Equipment Ltd SUPREMEPWR | 13.5 | 3.7 | Mar 2026 |
| Vilas Transcore Ltd VILAS⚠ unverified | 12.1 | 2.8 | Mar 2026 |
| Bharat Bijlee Ltd BBL | 11.0 | 1.1 | Mar 2026 |
| Danish Power Ltd DANISH⚠ unverified | 10.7 | 3.3 | Mar 2026 |
| Indo Tech Transformers Ltd INDOTECH | 9.5 | 3.9 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Bharat Bijlee Ltd · BBL
10.1
12.7
12.1
10.5
12.2
14.7
13.8
13.4
14.5
15.2
19.4
26.3
26.4
20.3
14.7
16.3
15.1
13.0
11.0
—
CG Power & Industrial Solutions Ltd · CGPOWER
46.8
55.0
45.9
42.5
46.0
47.6
48.0
54.0
57.7
56.8
68.9
86.7
88.4
87.0
70.1
69.5
76.0
62.9
60.0
78.7
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
27.9
—
17.5
—
10.7
—
Indo Tech Transformers Ltd · INDOTECH
12.8
11.9
8.6
8.9
7.9
7.6
7.4
12.2
11.1
13.6
17.1
25.4
28.3
37.1
24.1
22.2
15.8
13.2
9.5
—
Marsons Ltd · MARSONS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
144.1
102.1
111.1
107.3
87.5
49.5
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
37.0
49.2
39.9
30.7
39.5
31.6
31.8
37.8
46.0
42.2
62.0
69.8
59.8
53.1
41.7
47.9
51.2
43.9
49.2
—
Shilchar Technologies Ltd · SHILCTECH
7.0
9.0
10.7
9.1
8.2
9.2
11.8
11.9
15.8
19.9
25.4
33.2
30.0
39.2
24.6
29.9
22.7
18.4
16.1
—
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
—
—
14.9
16.7
35.9
28.9
22.2
11.0
19.9
18.2
16.6
13.5
—
Transformers & Rectifiers India Ltd · TARIL
6.8
8.0
7.3
7.3
11.2
9.3
9.0
12.3
23.3
38.2
59.8
79.4
53.3
68.9
55.3
41.4
35.8
21.7
18.8
23.3
Ujaas Energy Ltd · UEL⚠ unverified
—
—
—
—
—
—
—
53.5
79.8
94.5
—
104.6
165.0
177.0
102.8
293.2
320.4
186.0
613.5
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
26.3
—
19.6
—
21.9
—
12.1
—
Voltamp Transformers Ltd · VOLTAMP
9.9
13.1
13.2
14.2
13.2
13.0
11.2
15.1
14.8
19.9
25.0
27.0
30.1
22.1
16.3
20.7
15.5
17.2
17.6
—
P/BV · reported quarter history
Bharat Bijlee Ltd · BBL
0.8
1.0
0.9
0.9
0.9
1.1
1.3
1.5
1.5
1.9
2.5
3.8
2.9
1.9
1.5
1.9
1.8
1.4
1.1
—
CG Power & Industrial Solutions Ltd · CGPOWER
-3.9
65.5
62.1
29.2
26.6
30.5
42.4
53.5
37.7
31.1
37.1
60.1
38.5
32.5
27.8
34.0
29.4
13.8
14.1
37.4
Danish Power Ltd · DANISH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
4.9
—
5.2
—
3.3
—
Indo Tech Transformers Ltd · INDOTECH
1.2
1.9
1.7
1.4
1.6
1.3
1.3
3.1
3.1
3.9
5.8
10.0
9.2
12.8
9.9
9.7
6.5
5.1
3.9
—
Marsons Ltd · MARSONS⚠ unverified
-0.3
-0.4
-0.5
-0.3
-0.2
-0.2
-0.2
-0.2
-0.2
-0.3
-1.3
-2.0
-5.2
27.8
-5.7
-5.7
22.3
18.3
9.7
—
Schneider Electric Infrastructure Ltd · SCHNEIDER
-33.8
-121.5
-129.9
-28.7
75.6
67.6
-77.1
-128.9
130.9
44.3
80.3
311.3
92.9
46.5
40.0
89.6
41.9
26.4
31.9
—
Shilchar Technologies Ltd · SHILCTECH
1.2
1.3
1.9
3.0
2.6
3.9
7.2
8.9
9.8
12.2
18.4
33.5
19.9
22.8
15.6
29.0
14.8
10.8
9.9
—
Supreme Power Equipment Ltd · SUPREMEPWR
—
—
—
—
—
—
—
—
—
—
—
11.1
9.0
6.9
3.4
7.7
5.6
4.6
3.7
—
Transformers & Rectifiers India Ltd · TARIL
1.0
1.3
1.2
1.1
2.1
2.0
2.1
3.7
5.8
8.0
14.8
18.6
16.0
14.9
14.6
11.8
11.9
6.4
6.1
6.6
Ujaas Energy Ltd · UEL⚠ unverified
1.0
3.5
3.2
1.4
3.8
3.5
1.8
2.2
3.8
4.2
177.2
101.8
71.1
72.0
51.2
76.8
61.1
51.2
20.9
—
Vilas Transcore Ltd · VILAS⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
3.7
—
2.8
—
4.3
—
2.8
—
Voltamp Transformers Ltd · VOLTAMP
1.7
2.3
2.3
3.1
2.7
2.9
2.9
4.3
4.1
5.7
8.4
10.1
9.9
7.2
5.1
6.9
4.5
4.8
5.2
—
09 · let price answer last
Market action
Indo Tech Transformers Ltd has the strongest one-year price move in Capital Goods - Transformers at +80.8%. It also leads on Mansfield relative strength against NIFTY at +78.3%. 7 of 12 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Capital Goods - Transformers comparison names 7 specific ways its own evidence can mislead, all listed below. All 12 companies here report on comparable dates, so no rank carries a stale marker. 4 draw at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 4 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set
Which companies are included?
All 12 companies in the canonical Capital Goods - Transformers membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| CG Power & Industrial Solutions Ltd CGPOWER23/26 WEEKS | ₹1.4 L Cr | ₹868 | 2026-07-19 | Jun 2026 | Cross-checked |
| Schneider Electric Infrastructure Ltd SCHNEIDERAHEAD24/26 WEEKS | ₹32.3K Cr | ₹1,353 | 2026-07-19 | Mar 2026 | Cross-checked |
| Voltamp Transformers Ltd VOLTAMP23/26 WEEKS | ₹9.3K Cr | ₹9,180 | 2026-07-19 | Mar 2026 | Cross-checked |
| Transformers & Rectifiers India Ltd TARIL21/26 WEEKS | ₹8.9K Cr | ₹295 | 2026-07-19 | Jun 2026 | Cross-checked |
| Shilchar Technologies Ltd SHILCTECH | ₹4.9K Cr | ₹4,268 | 2026-07-19 | Mar 2026 | Second feed withheld |
| Indo Tech Transformers Ltd INDOTECHAHEAD | ₹3.6K Cr | ₹3,418 | 2026-07-19 | Mar 2026 | Cross-checked |
| Bharat Bijlee Ltd BBL | ₹2.8K Cr | ₹2,519 | 2026-07-19 | Mar 2026 | Cross-checked |
| Marsons Ltd MARSONS⚠ unverified | ₹1.9K Cr | ₹110 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Danish Power Ltd DANISH21/26 WEEKS⚠ unverified | ₹1.6K Cr | ₹824 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Ujaas Energy Ltd UEL⚠ unverified | ₹1.6K Cr | ₹120 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Vilas Transcore Ltd VILAS⚠ unverified | ₹875 Cr | ₹358 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Supreme Power Equipment Ltd SUPREMEPWR | ₹481 Cr | ₹192 | 2026-07-19 | Mar 2026 | Primary source only |
How each company's sources stand: 4 of 12 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 1 of 12 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Shilchar Technologies Ltd (SHILCTECH) — its two data sources disagree by up to 3.4% on reported income across 14 comparable periods, so its derived ratios are withheld.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 12 Capital Goods - Transformers companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing6 cross-checked · 5 unverified · 1 withheld, of 12 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Capital Goods - Transformers company comparison FAQs
These 18 answers restate the Capital Goods - Transformers comparison above in question form. Every one is computed from the same 12 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Capital Goods - Transformers index?
The Nifty Capital Goods - Transformers index tracks India's listed Capital Goods - Transformers companies as a single basket. This page follows the same 12 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Capital Goods - Transformers sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Capital Goods - Transformers stocks in India?
Ranked by this page's four-factor score, Indo Tech Transformers Ltd places first among 12 listed Capital Goods - Transformers companies, followed by Marsons Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Capital Goods - Transformers stocks are listed in India?
This comparison covers 12 listed Capital Goods - Transformers companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Capital Goods - Transformers company is the biggest?
CG Power & Industrial Solutions Ltd is the largest, with trailing-twelve-month revenue of ₹12,821 crore, ahead of Schneider Electric Infrastructure Ltd at ₹2,891 crore. That covers 10 of 12 companies with comparable reporting through Jun 2026.
Which Capital Goods - Transformers company is growing fastest?
Marsons Ltd has the fastest revenue growth at 45.6% year on year, across 10 of 12 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Capital Goods - Transformers company has the best profit margins?
Marsons Ltd has the highest operating margin at 21%, from 12 of 12 comparable companies. Indo Tech Transformers Ltd shows the biggest recent improvement, at +4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Capital Goods - Transformers company makes the most profit?
CG Power & Industrial Solutions Ltd earns the most, at ₹1,239 crore of trailing-twelve-month net profit, from 10 of 12 comparable companies. Marsons Ltd has the fastest profit growth at 70.4%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Capital Goods - Transformers company earns the highest return on capital?
Shilchar Technologies Ltd leads on return on capital employed at 50.7%, across 12 of 12 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Capital Goods - Transformers stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Indo Tech Transformers Ltd screens cheapest at 0.45×. Only 6 of 12 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Capital Goods - Transformers company has the strongest balance sheet?
Shilchar Technologies Ltd carries the lowest comparable gross debt at ₹0 crore, from 12 of 12 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Capital Goods - Transformers stock has the strongest price momentum?
Indo Tech Transformers Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Capital Goods - Transformers company scores highest for research priority?
Indo Tech Transformers Ltd scores 86.3 out of 100 with 95.6% evidence confidence, from 31.3 points on growth and earnings, 20.8 on capital efficiency, 14.2 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Capital Goods - Transformers companies does this comparison cover, and over what period?
It compares 12 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Capital Goods - Transformers sector?
The 12 Capital Goods - Transformers companies on this page carry ₹2,04,979 crore of combined market value. CG Power & Industrial Solutions Ltd is the largest at ₹1,36,664 crore, about 67% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Capital Goods - Transformers sector's P/E ratio?
The median price-to-earnings ratio across the 12 Capital Goods - Transformers companies on this page is 34.2×, measured on the 12 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the Capital Goods - Transformers sector performing?
7 of the 12 covered Capital Goods - Transformers companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.