Voltamp Transformers share price today

Voltamp Transformers Ltd's share price was ₹9,731.00 at the close on 6 November 2026. It has been rising for 31 weeks. That is 0.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹6,826 and ₹11,742, and at that close it sat 59% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Voltamp Transformers Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 13 weeks in a row.

Over the last 11 years the share price moved +1,238% while the NIFTY 500 moved +249%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 5 quarters in a row, highest quarterly revenue in 16 quarters and operating margin down 4 points on a year earlier.

1. Indian funds and insurers (DIIs) raised their stake for 5 quarters in a row

   From 23.4% to 35.5% of the company by the September 2026 quarter.

2. Highest quarterly revenue in 16 quarters

   Revenue of ₹684 crore in the September 2026 quarter is the highest of the last 16 quarters.

3. Operating margin down 4 points on a year earlier

   15% in the September 2026 quarter, from 19%.

For July to September 2026 (the quarter ended 30 September 2026), Voltamp Transformers reported revenue of ₹684 crore, up 41.6% from ₹483 crore a year earlier, and a profit of ₹85.0 crore, up 7.6% from ₹79.0 crore.

Voltamp Transformers results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Voltamp Transformers closed at ₹9,731.00 on 6 November 2026, up 35.9% from ₹7,158.00 a year earlier (7 November 2025) and up 509.1% over five years. Its highest weekly close since March 2016 was ₹14,457.60 on 23 August 2024.

Voltamp Transformers share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

565 weekly closes from 4 March 2016 to 6 November 2026.

6 Nov 2026: Voltamp Transformers closed at ₹9,731.00, down 6.0% on the week and down 5.5% on the month. Results for July to September 2026: Revenue up 41.6% and profit up 7.6% on a year earlier.

Earlier

• 24 Jul 2026: ex-date for a dividend of ₹100 a share.

Voltamp Transformers paid ₹100 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 1.03% at the ₹9,731.00 close on 6 November 2026. The last was a dividend of ₹100 a share, ex-date 24 July 2026.

Voltamp Transformers dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Voltamp Transformers Ltd paid out 33% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

Voltamp Transformers' management made 0 promises we could check against what it later reported.

Our read after the January to March 2026 results, written 27 June 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at Voltamp Transformers, from the latest results and calls: capacity expansion, six thousand mva greenfield (july 2026), ehv product mix shift, 160/220mva transformer deliveries and tam expansion, data centers, renewables, ev, green hydrogen.

• Capacity Expansion, six thousand MVA Greenfield (July 2026). ₹two hundred Cr greenfield at Jarod, Vadodara adds six thousand MVA of 220kV-class power transformers (up to 250 MVA rating), lifting total to twenty thousand MVA, commissioned July 2026, funded via internal accruals. ⚠ estimate
• TAM Expansion, Data Centers, Renewables, EV, Green Hydrogen. Expanding TAM across renewables, EV charging infrastructure, green hydrogen, and data centers broadens demand beyond traditional T&D, Emkay: 'further broaden Voltamp's addressable market and support its long-term growth outlook'. ⚠ estimate
• Order Book Rebuild, ₹1,two hundred Cr FY27 Launch + ₹310 Cr April Inflows. FY27 entered with order book ₹1,two hundred Cr (10,270 MVA, +28% on a year earlier), April 2026 fresh orders ₹310 Cr (2,107 MVA) secured in the first month, enquiry pipeline described as robust. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the January to March 2026 results, written 27 June 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Demand-side catalyst intact: order backlog ₹1,200 Cr (+28% on a year earlier) entering FY27; enquiry pipeline described as robust.

• Selective order booking strategy, delivery within 9-month window, maintained to protect margins against raw material pass-through risk. ⚠ estimate
• FY27 entered with order backlog ₹1,200 Cr (10,270 MVA, +28% on a year earlier vs FY25 ₹841 Cr / 7,839 MVA) ✓ fact
• G4: Order book ₹1,200 Cr entering FY27 (+28% on a year earlier) + April inflow ₹310 Cr, confirms demand robustness post Q4 miss, BEAT. ✓ fact

Our read after the January to March 2026 results, written 27 June 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

If April to June 2026 operating margin drops below fifteen percent despite stabilizing transformer oil prices, indicating structural pricing pressure from sector-wide capacity additions rather than just one-time commodity spikes.

The main risks

• CRGO Steel + Transformer Oil Cost Inflation (Middle East / INR): January to March 2026 margin collapse (operating profit -546 basis points on a year earlier to low double-digit) driven by rupee depreciation raising CRGO import costs and Middle East conflict spiking transformer oil prices, both risks remain live. ⚠ estimate

Our read after the January to March 2026 results, written 27 June 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Voltamp Transformers reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: April to June 2026 operating margin, recovery above 16% would signal one-time costs unwound; below fifteen percent signals persistent structural pressure.

Voltamp Transformers is on 2 of our India lists: Momentum stocks and Power & green energy stocks.

Voltamp Transformers Ltd earned ₹85.0 Cr of net profit in the Sep 2026 quarter, +7.6% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹305 Cr. Over 10 years profit has grown 21.4% a year on average. That is 12.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹79.0 Cr.

For the full year, FY26 profit was ₹305 Cr (−6.2% on the year before).

Why profit moved: revenue changed +41.6% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +1.6% and revenue +24.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

FY27-Q1. revenue ₹544 Cr and profit ₹91 Cr as reported.

FY27-Q2. revenue ₹684 Cr and profit ₹85 Cr as reported.

Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.

Voltamp Transformers Ltd reported ₹684 Cr of revenue in the Sep 2026 quarter, +41.6% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 14.4% a year on average. The last full year, FY26, came in at ₹2,154 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. At current 14,000 MVA fully utilized, Voltamp is capacity-constrained. The Jarod facility (six thousand MVA, first phase) goals 220kV-class EHV transformers up to 250 MVA rating, a step up in product complexity and margin profile versus the existing Makarpura (up to 160 MVA) and Savli (distribution) facilities. Emkay estimates 50-60% utilization ramp in FY27 post-commissioning. A land bank of ₹25 Cr has been approved for future phases, signaling a staged expansion roadmap. The volume compounding from this capacity is the primary earnings growth driver for FY27-FY28.

The last four reported quarters add to ₹2,475 Cr.

FY26 revenue was ₹2,154 Cr, +11.4% on the year before.

Recent pace: the last four quarters grew +24.7% on average, against 14.4% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +22.8%, against +19.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −1.8%, against −3.1% a year (stabilising).

FY27-Q1. revenue ₹544 Cr and profit ₹91 Cr as reported.

FY27-Q2. revenue ₹684 Cr and profit ₹85 Cr as reported.

Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.

Voltamp Transformers Ltd's operating margin was 15.0% in the Sep 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 3.0% and 20.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The 160MVA/220kV transformer delivered in Q2 FY26 demonstrated manufacturing capability at the premium EHV segment. The new Jarod facility expands this further to 250 MVA/220kV class. EHV transformers command structural pricing premium vs distribution transformers. Customer base for EHV includes large EPC firms (L&T, Thermax, Tata Projects), multinational giants (Siemens, ABB, GE, Hitachi), and PSUs. Each EHV win is a reference for future larger-scale orders.

Why the margin moved: operating margin changed −3.9 percentage points on the year while gross margin changed −5.4 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY27-Q1. revenue ₹544 Cr and profit ₹91 Cr as reported.

FY27-Q2. revenue ₹684 Cr and profit ₹85 Cr as reported.

Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.

Over the last 3 years, 61% of Voltamp Transformers Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹140 Cr of operating cash against ₹305 Cr of profit. After ₹120 Cr of spending on assets, ₹20.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 61% of profit came in as cash: the cash cycle got 37 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 5.1× depreciation over three years. The next section checks what that spending is building.

Voltamp Transformers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 169 days in FY26, down from 206 days in FY21. It spent ₹198 Cr on assets over the last 3 years. Customers take 46 days to pay, and stock sits for 126 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,154 Cr, each day of that cycle ties up about ₹5.9 Cr, so roughly ₹997 Cr is tied up in the business at any time.

FY26: customers took 46 days to pay and stock sat for 126 days, about 4.1 months of sales sitting as stock, for a full cycle of 169 days, shorter than FY21's 206.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 126 days. Customers pay about 46 days after that. Suppliers are paid at 3 days. Together that makes the 169-day cycle.

Spending on assets: ₹198 Cr over the last 3 years, against ₹39.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹108 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Voltamp Transformers Ltd's P/E is 30.5×, near the high end of its own history: higher than 87% of past readings. Its usual P/E (the middle reading) is 16.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why this happened. The ₹1,two hundred Cr order book represents 7-8 months of forward revenue coverage at current run rate. The order-to-execution conversion cycle (delivery goal ≤9 months per management's selective booking strategy) implies strong FY27 H1 revenue visibility. April 2026 ₹310 Cr inflow in just 30 days demonstrates demand momentum has not softened despite Q4 earnings miss.