Order Book Or Contract Wins
Expected: March 2026MEDIUM confidence
What: New Orders: ₹80 Cr
Impact: ₹80 Cr in one week
Indo Tech Transformers Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +111.5%Average
In , Indo Tech Transformers Ltd (Capital Goods - Transformers) is outperforming Nifty 500 with +111.5% relative strength. Fundamentals: Average.
Indo Tech Transformers Ltd Key Facts
- PE Ratio
- 33.5x
- Market Cap
- ₹3,012 Cr
- PAT Growth YoY
- +32%
- Revenue Growth YoY
- +11%
- OPM
- 17.0%
- RS vs Nifty 500
- +111.5%
PE: Near TroughStrong Opportunity
What's Happening
💎PE falling while earnings hold — value emerging
📊Debt increased 50% YoY — leverage rising
Earnings Acceleration Triggers
1. Order Book Or Contract Wins
March 2026MEDIUM
2. Operating Leverage Inflection
Q3 FY26MEDIUM
Key Risks
1. Export disruption could impact 10-15% of revenue typically derived from internat
MEDIUM2. Significant negative impact from input cost pressure on materials consumed
HIGH3. Historical production hits due to disputes with workers at manufacturing facilit
LOWSector-Specific Signals
Installed Capacity6000 MVA0%
Capacity Utilisation80-90%Not Given
Debtor Days73.1 days-26.9 days
Order Cancellations₹64.99 CrNot Given
Key Numbers
PAT Growth YoY
+32%
Inflection Up
Revenue YoY
+11%
Stable
Operating Margin
17.0%
+300 bps YoY
PE Ratio
33.5
Current Price
₹2,836
Fundamental Score
57/100
Average
3Y PAT CAGR
+75%
Market Cap
3.0K Cr
Valuation
Slightly Undervalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Indo Tech Transformers Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
Operating Leverage Inflection
Expected: Q3 FY26MEDIUM confidence
What: EBITDA Margin: 16.81%
Impact: 314 bps expansion
What Are the Key Risks for Indo Tech Transformers Ltd?
Earnings deceleration risks from management commentary
Export disruption could impact 10-15% of revenue typically derived from internat
MEDIUMTrigger: Export disruption could impact 10-15% of revenue typically derived from international markets, including the Gulf.
Management view: Limiting exports to 10% mostly in developed countries.
Monitor: geopolitical
Significant negative impact from input cost pressure on materials consumed
HIGHTrigger: Significant negative impact from input cost pressure on materials consumed.
Management view: Not Given
Monitor: commodity
Historical production hits due to disputes with workers at manufacturing facilit
LOWTrigger: Historical production hits due to disputes with workers at manufacturing facilities.
Management view: Not Given
Monitor: labor
What Did Indo Tech Transformers Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹196.30 Cr
YoY +10.69%QoQ +7.35%
Revenue growth was driven by strong industrial demand and execution of the order book despite capacity constraints.
EBITDA
₹33.0 Cr
YoY +36%Margin 16.81%
EBITDA growth significantly outpaced revenue growth due to improved cost management and better margin optimization.
PAT
₹24.90 Cr
YoY +29.22%QoQ +0.48%
PAT reached a record high for the company, though sequential growth was muted by a normalization in other income.
Other Highlights
• PBT stood at ₹33.50 crore, up 16.1% YoY from ₹28.85 crore.
• Nine-month revenue (Apr-Dec 2025) reached ₹543.09 crores, a 33.86% surge YoY.
• Tax rate normalized to 25.67% in Q3 FY26 compared to 25.63% in Q2 FY26.
What Sector Metrics Matter for Indo Tech Transformers Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Installed Capacity
6000 MVA
YoY 0%QoQ 0%
Why: Capacity remains stagnant at the Kancheepuram facility pending future expansion.
Capacity Utilisation
80-90%
YoY Not GivenQoQ Not Given
Why: High utilization levels are currently acting as a ceiling for top-line growth.
Debtor Days
73.1 days
YoY -26.9 daysQoQ Not Given
Why: Improved collection efficiency from customers.
Order Cancellations
₹64.99 Cr
YoY Not GivenQoQ Not Given
Why: Renew Wind Energy (JAMB) cancelled the order due to project delays.
Promoter Pledging
77.24%
YoY Not GivenQoQ Not Given
Why: High level of promoter pledging remains a technical concern for investors.
What Is Indo Tech Transformers Ltd's Management Guidance?
Forward-looking targets from management for FY26-FY27
Revenue Outlook
₹600 Cr for FY25
Volume
MVA growth constrained till FY27
Management Tone: CAUTIOUS
How Fast Is Indo Tech Transformers Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +11% | +30% | Stable |
| PAT (Net Profit) | +32% | +75% | Inflection Up |
| OPM | 17.0% | +300 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Other Top Capital Goods - Transformers Stocks Beating Nifty 500
Frequently Asked Questions: Indo Tech Transformers Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Indo Tech Transformers Ltd's latest quarterly results?
Indo Tech Transformers Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: +31.6% (turning around (inflection up))
- Revenue Growth YoY: +10.7%
- Operating Margin: 17.0% (volatile)
Is Indo Tech Transformers Ltd's profit growing or declining?
Indo Tech Transformers Ltd's profit is growing with an turning around (inflection up) trend.
- PAT Growth YoY: +31.6% (latest quarter)
- PAT Growth QoQ: 0.0% (sequential)
- 3-Year PAT CAGR: +74.7%
- Trend: Turning around (inflection up) — consistent growth pattern
What is Indo Tech Transformers Ltd's revenue growth trend?
Indo Tech Transformers Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +10.7%
- Revenue Growth QoQ: +7.1% (sequential)
- 3-Year Revenue CAGR: +29.8%
How is Indo Tech Transformers Ltd's operating margin trending?
Indo Tech Transformers Ltd's operating margin is volatile.
- Current OPM: 17.0%
- OPM Change YoY: +3.0% basis points
- OPM Change QoQ: 0.0% basis points
What is Indo Tech Transformers Ltd's 3-year profit and revenue CAGR?
Indo Tech Transformers Ltd's long-term compounding rates
- 3-Year Profit CAGR: +74.7%
- 3-Year Revenue CAGR: +29.8%
Is Indo Tech Transformers Ltd's growth accelerating or decelerating?
Indo Tech Transformers Ltd's earnings growth is turning around (inflection up) with mixed signals on a sequential basis.
- YoY Acceleration: -7.3% bps
- Sequential Acceleration: -31.6% bps
What is Indo Tech Transformers Ltd's trailing twelve month (TTM) performance?
Indo Tech Transformers Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹90 Cr
- TTM PAT Growth: +30.4% YoY
- TTM Revenue: ₹749 Cr
- TTM Revenue Growth: +29.1% YoY
- TTM Operating Margin: 14.6%
Is Indo Tech Transformers Ltd overvalued or undervalued?
Indo Tech Transformers Ltd appears slightly undervalued based on our fair value analysis.
- Valuation Signal: Slightly Undervalued
- Current PE: 33.5x
- Price-to-Book: 9.3x
What is Indo Tech Transformers Ltd's current PE ratio?
Indo Tech Transformers Ltd's current PE ratio is 33.5x.
- Current PE: 33.5x
- Market Cap: 3.0K Cr
How does Indo Tech Transformers Ltd's valuation compare to its history?
Indo Tech Transformers Ltd's current PE is 33.5x.
- Current PE: 33.5x
- Valuation Assessment: Slightly Undervalued
What is Indo Tech Transformers Ltd's price-to-book ratio?
Indo Tech Transformers Ltd's price-to-book ratio is 9.3x.
- Price-to-Book (P/B): 9.3x
- Book Value per Share: ₹306
- Current Price: ₹2836
Is Indo Tech Transformers Ltd a fundamentally strong company?
Indo Tech Transformers Ltd is rated Average with a fundamental score of 57.23/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +10.7% (10% weight)
- PAT Growth YoY: +31.6% (10% weight)
- PAT Growth QoQ: 0.0% (10% weight)
- Margins stable (10% weight)
Is Indo Tech Transformers Ltd debt free?
Indo Tech Transformers Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹12 Cr
What is Indo Tech Transformers Ltd's return on equity (ROE) and ROCE?
Indo Tech Transformers Ltd's return ratios over recent years
- FY2023: ROCE 21.0%
- FY2024: ROCE 34.0%
- FY2025: ROCE 38.0%
Is Indo Tech Transformers Ltd's cash flow positive?
Indo Tech Transformers Ltd's operating cash flow is positive (FY2025).
- Cash from Operations (CFO): ₹56 Cr
- Free Cash Flow (FCF): ₹38 Cr
- CFO/PAT Ratio: 88% (strong cash conversion)
What is Indo Tech Transformers Ltd's dividend yield?
Indo Tech Transformers Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹2836
Who holds Indo Tech Transformers Ltd shares — promoters, FII, DII?
Indo Tech Transformers Ltd's shareholding pattern (Mar 2026)
- Promoters: 75.0%
- FII (Foreign): 0.3%
- DII (Domestic): 0.0%
- Public: 24.7%
Is promoter holding increasing or decreasing in Indo Tech Transformers Ltd?
Indo Tech Transformers Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 75.0% (Mar 2026)
- Previous Quarter: 75.0% (Dec 2025)
- Change: 0.00% (stable)
How long has Indo Tech Transformers Ltd been outperforming Nifty 500?
Indo Tech Transformers Ltd has been outperforming Nifty 500 for 3 consecutive weeks, indicating early-stage outperformance.
Is Indo Tech Transformers Ltd a new momentum entry or an established outperformer?
Indo Tech Transformers Ltd is an established outperformer with 3 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Indo Tech Transformers Ltd?
Indo Tech Transformers Ltd has 2 key growth catalysts identified from recent earnings analysis
- Order Book Or Contract Wins — Frequent new order wins from the renewable sector provide revenue visibility despite recent cancellations.
- Operating Leverage Inflection — Efficiency gains are driving profit growth even as revenue growth is constrained by capacity.
What are the key risks in Indo Tech Transformers Ltd?
Indo Tech Transformers Ltd has 3 key risks worth monitoring
- [MEDIUM] Export disruption could impact 10-15% of revenue typically derived from internat — Export disruption could impact 10-15% of revenue typically derived from international markets, including the Gulf.
- [HIGH] Significant negative impact from input cost pressure on materials consumed — Significant negative impact from input cost pressure on materials consumed.
- [LOW] Historical production hits due to disputes with workers at manufacturing facilit — Historical production hits due to disputes with workers at manufacturing facilities.
What is Indo Tech Transformers Ltd's management guidance for growth?
Indo Tech Transformers Ltd's management has provided the following forward guidance for FY26-FY27
- Revenue outlook: ₹600 Cr for FY25
- Margin outlook: Not Given
- Capex plan: Not Given for Capacity expansion to drive top-line growth from FY28
- Management tone: cautious
What sector-specific metrics matter most for Indo Tech Transformers Ltd?
Indo Tech Transformers Ltd's most important sub-sector-specific KPIs from the latest concall
- Installed Capacity: 6000 MVA (YoY 0%) (QoQ 0%) — Capacity remains stagnant at the Kancheepuram facility pending future expansion.
- Capacity Utilisation: 80-90% (YoY Not Given) (QoQ Not Given) — High utilization levels are currently acting as a ceiling for top-line growth.
- Debtor Days: 73.1 days (YoY -26.9 days) (QoQ Not Given) — Improved collection efficiency from customers.
- Order Cancellations: ₹64.99 Cr (YoY Not Given) (QoQ Not Given) — Renew Wind Energy (JAMB) cancelled the order due to project delays.
- Promoter Pledging: 77.24% (YoY Not Given) (QoQ Not Given) — High level of promoter pledging remains a technical concern for investors.
Is Indo Tech Transformers Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Indo Tech Transformers Ltd may be worth studying
- Earnings growing at +31.6% YoY
- Valuation: appears slightly undervalued
- Cash flow is positive — CFO ₹56 Cr
What is the investment thesis for Indo Tech Transformers Ltd?
Indo Tech Transformers Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +10.7% YoY
- Growth catalyst: Order Book Or Contract Wins
Risk Factors (Bear Case)
- Key risk: Export disruption could impact 10-15% of revenue typically derived from internat
What is the future outlook for Indo Tech Transformers Ltd?
Indo Tech Transformers Ltd's forward outlook based on current data signals
- Earnings Trend: turning around (inflection up)
- Revenue Trend: stable
- Margin Trend: volatile
- Valuation: Slightly Undervalued
- Key Catalyst: Order Book Or Contract Wins
- Key Risk: Export disruption could impact 10-15% of revenue typically derived from internat
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.