Commodity
HIGHTrigger: CRGO steel accounts for ~30-35% of transformer cost; global supply is concentrated in Japan, Korea, Russia — subject to geopolitical and trade disruption
Monitor: commodity
Voltamp Transformers Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +12.4%Weak
In , Voltamp Transformers Ltd (Capital Goods - Transformers) is outperforming Nifty 500 with +12.4% relative strength. Fundamentals: Weak.
Voltamp Transformers Ltd Key Facts
- PE Ratio
- 34.1x
- Market Cap
- ₹10,425 Cr
- PAT Growth YoY
- -51%
- Revenue Growth YoY
- -1%
- OPM
- 13.0%
- RS vs Nifty 500
- +12.4%
PE: Early ContractionFalling Knife
What's Happening
🔻Earnings declining and PE falling — fundamentals deteriorating
🏦Virtually debt-free company
👔Promoter stake down 8.0% this quarter
🌐FII stake decreased 5.6% this quarter
🏛️DII accumulation — stake up 7.1%
💰Trading 62% above estimated fair value — significant premium
Key Risks
1. Commodity
HIGH2. Regulatory
MEDIUM3. Geopolitical
MEDIUMKey Numbers
PAT Growth YoY
-50%
Inflection Down
Revenue YoY
-1%
Stable
Operating Margin
13.0%
-600 bps YoY
PE Ratio
34.1
Current Price
₹10,304
Dividend Yield
0.97%
Fundamental Score
24/100
Weak
3Y PAT CAGR
+15%
Market Cap
10.4K Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
What Are the Key Risks for Voltamp Transformers Ltd?
Earnings deceleration risks from management commentary
Regulatory
MEDIUMTrigger: Transformer sector is in a capacity expansion cycle — multiple incumbents and new entrants investing in brownfield/greenfield; supply addition will compress lead times and pricing power from current elevated levels
Monitor: regulatory
Geopolitical
MEDIUMTrigger: India has limited domestic CRGO production — 80%+ imported; disruptions in global trade routes or tariff changes directly impact Voltamp's input cost base
Monitor: geopolitical
Logistics
LOWTrigger: Large transformer delivery requires specialized transport, crane support, and site readiness at customer locations — any delay at the customer end affects quarterly revenue booking
Monitor: logistics
What Is Voltamp Transformers Ltd's Management Saying?
Key quotes from recent conference calls
“supply-chain challenges in CRGO steel and other critical components, along with geopolitical uncertainties, could introduce incremental execution risks [Risk (commodity): HIGH]”
“While we expect a high double-digit revenue growth led by capacity expansion and a lean balance sheet, we trim our margin estimates due to rising industry supply from planned capacity additions by several players — Emkay Research [Risk (regulatory): MEDIUM]”
“supply-chain challenges in CRGO steel and other critical components, along with geopolitical uncertainties, could introduce incremental execution risks [Risk (geopolitical): MEDIUM]”
“Q2FY26, the company manufactured and delivered its highest-rated 160MVA/220kV transformer ahead of schedule, a marker of execution strength [Risk (logistics): LOW]”
How Fast Is Voltamp Transformers Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | -1% | +16% | Stable |
| PAT (Net Profit) | -50% | +15% | Inflection Down |
| OPM | 13.0% | -600 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 30, 2026.
Other Top Capital Goods - Transformers Stocks Beating Nifty 500
Frequently Asked Questions: Voltamp Transformers Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Voltamp Transformers Ltd's latest quarterly results?
Voltamp Transformers Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: -50.5% (inflecting downward)
- Revenue Growth YoY: -1.3%
- Operating Margin: 13.0% (volatile)
Is Voltamp Transformers Ltd's profit growing or declining?
Voltamp Transformers Ltd's profit is declining with an inflecting downward trend.
- PAT Growth YoY: -50.5% (latest quarter)
- PAT Growth QoQ: -51.5% (sequential)
- 3-Year PAT CAGR: +15.1%
- Trend: Inflecting downward — consistent growth pattern
What is Voltamp Transformers Ltd's revenue growth trend?
Voltamp Transformers Ltd's revenue growth trend is stable.
- Revenue Growth YoY: -1.3%
- Revenue Growth QoQ: -2.1% (sequential)
- 3-Year Revenue CAGR: +15.9%
How is Voltamp Transformers Ltd's operating margin trending?
Voltamp Transformers Ltd's operating margin is volatile.
- Current OPM: 13.0%
- OPM Change YoY: -6.0% basis points
- OPM Change QoQ: -4.0% basis points
What is Voltamp Transformers Ltd's 3-year profit and revenue CAGR?
Voltamp Transformers Ltd's long-term compounding rates
- 3-Year Profit CAGR: +15.1%
- 3-Year Revenue CAGR: +15.9%
Is Voltamp Transformers Ltd's growth accelerating or decelerating?
Voltamp Transformers Ltd's earnings growth is inflecting downward with mixed signals on a sequential basis.
- YoY Acceleration: -86.1% bps
- Sequential Acceleration: -75.3% bps
- Margin Warning: Operating margins are under pressure
What is Voltamp Transformers Ltd's trailing twelve month (TTM) performance?
Voltamp Transformers Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹306 Cr
- TTM PAT Growth: -5.8% YoY
- TTM Revenue: ₹2,000 Cr
- TTM Revenue Growth: +11.3% YoY
- TTM Operating Margin: 16.3%
Is Voltamp Transformers Ltd overvalued or undervalued?
Voltamp Transformers Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
- Current PE: 34.1x
- Price-to-Book: 5.8x
What is Voltamp Transformers Ltd's current PE ratio?
Voltamp Transformers Ltd's current PE ratio is 34.1x.
- Current PE: 34.1x
- Market Cap: 10.4K Cr
- Dividend Yield: 0.97%
How does Voltamp Transformers Ltd's valuation compare to its history?
Voltamp Transformers Ltd's current PE is 34.1x.
- Current PE: 34.1x
- Valuation Assessment: Significantly Overvalued
What is Voltamp Transformers Ltd's price-to-book ratio?
Voltamp Transformers Ltd's price-to-book ratio is 5.8x.
- Price-to-Book (P/B): 5.8x
- Book Value per Share: ₹1771
- Current Price: ₹10304
Is Voltamp Transformers Ltd a fundamentally strong company?
Voltamp Transformers Ltd is rated Weak with a fundamental score of 24/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: -1.3% (10% weight)
- PAT Growth YoY: -50.5% (10% weight)
- PAT Growth QoQ: -51.5% (10% weight)
- Margins stable (10% weight)
Is Voltamp Transformers Ltd debt free?
Voltamp Transformers Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹1 Cr
What is Voltamp Transformers Ltd's return on equity (ROE) and ROCE?
Voltamp Transformers Ltd's return ratios over recent years
- FY2024: ROCE 32.0%
- FY2025: ROCE 29.0%
- FY2026: ROCE 24.0%
Is Voltamp Transformers Ltd's cash flow positive?
Voltamp Transformers Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹140 Cr
- Free Cash Flow (FCF): ₹139 Cr
- CFO/PAT Ratio: 46% (weak cash conversion)
What is Voltamp Transformers Ltd's dividend yield?
Voltamp Transformers Ltd's current dividend yield is 0.97%.
- Dividend Yield: 0.97%
- Current Price: ₹10304
Who holds Voltamp Transformers Ltd shares — promoters, FII, DII?
Voltamp Transformers Ltd's shareholding pattern (Mar 2026)
- Promoters: 30.0%
- FII (Foreign): 22.8%
- DII (Domestic): 31.7%
- Public: 15.5%
Is promoter holding increasing or decreasing in Voltamp Transformers Ltd?
Voltamp Transformers Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 30.0% (Mar 2026)
- Previous Quarter: 30.0% (Dec 2025)
- Change: 0.00% (stable)
How long has Voltamp Transformers Ltd been outperforming Nifty 500?
Voltamp Transformers Ltd has been outperforming Nifty 500 for 1 consecutive week, indicating early-stage outperformance.
Is Voltamp Transformers Ltd a new momentum entry or an established outperformer?
Voltamp Transformers Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
What are the key risks in Voltamp Transformers Ltd?
Voltamp Transformers Ltd has 4 key risks worth monitoring
- [HIGH] Commodity — CRGO steel accounts for ~30-35% of transformer cost; global supply is concentrated in Japan, Korea, Russia — subject to geopolitical and trade disruption
- [MEDIUM] Regulatory — Transformer sector is in a capacity expansion cycle — multiple incumbents and new entrants investing in brownfield/greenfield; supply addition will compress lead times and pricing power from current elevated levels
- [MEDIUM] Geopolitical — India has limited domestic CRGO production — 80%+ imported; disruptions in global trade routes or tariff changes directly impact Voltamp's input cost base
- [LOW] Logistics — Large transformer delivery requires specialized transport, crane support, and site readiness at customer locations — any delay at the customer end affects quarterly revenue booking
What did Voltamp Transformers Ltd's management say in the latest earnings call?
In Q3 FY26, Voltamp Transformers Ltd's management highlighted
- "supply-chain challenges in CRGO steel and other critical components, along with geopolitical uncertainties, could introduce incremental execution risk..."
- "While we expect a high double-digit revenue growth led by capacity expansion and a lean balance sheet, we trim our margin estimates due to rising indu..."
- "supply-chain challenges in CRGO steel and other critical components, along with geopolitical uncertainties, could introduce incremental execution risk..."
Is Voltamp Transformers Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Voltamp Transformers Ltd may be worth studying
- Cash flow is positive — CFO ₹140 Cr
What is the investment thesis for Voltamp Transformers Ltd?
Voltamp Transformers Ltd investment thesis summary:
Risk Factors (Bear Case)
- Margins under pressure
- Appears significantly overvalued
- Key risk: Commodity
What is the future outlook for Voltamp Transformers Ltd?
Voltamp Transformers Ltd's forward outlook based on current data signals
- Earnings Trend: inflecting downward
- Revenue Trend: stable
- Margin Trend: volatile
- Valuation: Significantly Overvalued
- Key Risk: Commodity
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.