One of the small-cap transformer stocks engaged in manufacturing power and distribution transformers and various special application transformers, mobile substation transformers, and substations.
The stock has hit 5 percent after reporting September quarter results in 2024. The company’s revenue increased by 78.01 percent QOQ to Rs. 146.23 crore, and net profit increased by 199.83 percent to Rs. 17.72 crore.
Stock price movement
The share price of Indo Tech Transformers Limited hit a 5 percent upper circuit to Rs. 2,478 per share on Wednesday, a significant rise from its previous close of Rs. 2,360.45 per share. Over the last year, the share has delivered returns of over 243.95 percent. The market capitalization now stands at approximately Rs. 2,615.71 crore as of November 13, 2024.
Q2 FY25 Result Walkthrough
Coming into the quarterly results of Indo Tech Transformers Limited, the company’s consolidated revenue from operations increased by 52.62 percent YOY, from Rs. 95.81 crore in Q2 FY24 to Rs. 146.23 crore in Q2 FY25, and grew by 78.01 percent QoQ from Rs. 82.15 crore in Q1 FY25.
In Q2 FY25, Indo Tech Transformers Limited’s consolidated net profit increased by 166.05 percent YOY, reaching Rs. 17.72 crore compared to Rs. 7.07 crore during the same period last year. As compared to Q1 FY25, the net profit has increased by 199.83 percent, from Rs. 5.91 crore.
The basic earnings per share increased by 200.18% and stood at Rs 16.69 as against Rs 5.56 recorded in the previous quarter FY25.
In terms of return ratios, Indo Tech Transformers Limited’s share ROE and ROCE are currently at 24.2 percent and 34.5 percent, respectively. Indo Tech Transformers Limited has a debt-to-equity ratio of 0.02x, which shows the company is almost debt-free.
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Manufacturing Facilities
Indo Tech Transformers Limited’s manufacturing plant is strategically located in Kancheepuram, Tamil Nadu, to effectively serve a diverse range of industries across India and internationally.
The company’s manufacturing facility has an impressive installed capacity of 1,000 MVA per year for distribution transformers and is capable of producing over 56,000 transformers with ratings up to 245 kV.
Shareholding Pattern
In September 2024, Indo Tech Transformers Limited had a majority stake held by the promoters at 75 percent, foreign institutional investors at 0.39 percent, and the public at 24.60 percent.
Company Overview
Indo Tech Transformers Limited is a leading manufacturer of power and distribution transformers in India, established in 1976 and headquartered in Kancheepuram, Tamil Nadu. The company specializes in producing a variety of transformers, including power transformers, distribution transformers, and special application transformers, catering to sectors such as transmission, generation, hydro, wind, solar energy, steel, cement, and textiles.
Written By – Nikhil Naik
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