Indo Tech Transformers Ltd. (IN:INDOTECH)
:INDOTECH
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Indo Tech Transformers Ltd.
(INDOTECH)
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Rating:71Outperform
Price Target:
₹2,939.00
▲(85.68% Upside)
Action:Reiterated
Date:05/24/26
The score is driven primarily by strong fundamentals (rapid multi-year growth, improving profitability, and a low-leverage balance sheet), partially offset by inconsistent cash conversion and a mixed technical picture with near-term weakness despite longer-term trend support. Valuation appears reasonable based on the provided P/E.
Positive Factors
Multi-year Revenue & Earnings Growth
Sustained, large-scale revenue and net income expansion over multiple years indicates durable demand for transformer products and successful execution on project-based contracts. This scale supports bargaining power, fixed-cost absorption and long-term investment capacity to compete in utility and industrial markets.
Negative Factors
Inconsistent Cash Conversion
Volatile operating and free cash flows driven by working-capital swings and project cycles weaken the link between reported earnings and cash available for reinvestment. This undermines durable capacity to fund growth, pay down debt or sustain distributions without external financing in tougher cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue & Earnings Growth
Sustained, large-scale revenue and net income expansion over multiple years indicates durable demand for transformer products and successful execution on project-based contracts. This scale supports bargaining power, fixed-cost absorption and long-term investment capacity to compete in utility and industrial markets.
Read all positive factors
Indo Tech Transformers Ltd. (INDOTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹28.25B
Dividend YieldN/A
Average Volume (3M)1.83K
Price to Earnings (P/E)29.2
Beta (1Y)1.77
Revenue Growth27.84%
EPS Growth45.24%
CountryIN
Employees286
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)79.29
Shares Outstanding10,620,000
10 Day Avg. Volume2,059
30 Day Avg. Volume1,826
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)3.14
Price to Sales (P/S)1.50
P/FCF Ratio47.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Indo Tech Transformers Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Kancheepuram, India, Indo Tech Transformers Limited, established in 1976, specializes in the manufacturing and worldwide distribution of transformers. Their comprehensive product portfolio spans a variety of transformer types, inc...
How the Company Makes Money
The company primarily makes money by selling transformers and executing transformer-related projects for customers such as power utilities and industrial users. Revenue is typically generated through (1) manufacturing and sale of power and distrib...
Indo Tech Transformers Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
91
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.30B | 7.82B | 6.12B | 5.04B | 3.71B | 2.80B |
| Gross Profit | 1.82B | 1.84B | 1.66B | 1.46B | 983.17M | 751.90M |
| EBITDA | 1.18B | 1.20B | 915.11M | 649.55M | 323.26M | 182.21M |
| Net Income | 842.00M | 927.70M | 638.80M | 468.60M | 257.02M | 121.89M |
Balance Sheet | ||||||
| Total Assets | 5.10B | 5.55B | 4.36B | 3.82B | 3.01B | 2.38B |
| Cash, Cash Equivalents and Short-Term Investments | 947.40M | 1.15B | 938.40M | 575.40M | 433.90M | 425.03M |
| Total Debt | 117.40M | 52.00M | 81.60M | 49.95M | 113.35M | 5.59M |
| Total Liabilities | 1.86B | 1.81B | 1.55B | 1.65B | 1.30B | 932.50M |
| Stockholders Equity | 3.25B | 3.74B | 2.81B | 2.17B | 1.71B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | -90.70M | 247.40M | 396.10M | 236.47M | -115.54M | 183.60M |
| Operating Cash Flow | 400.00K | 587.90M | 557.50M | 317.67M | -39.42M | 216.94M |
| Investing Cash Flow | -211.90M | -572.60M | -181.50M | -115.95M | -147.47M | -87.28M |
| Financing Cash Flow | 24.90M | -29.60M | 14.30M | -80.90M | 93.69M | -1.11M |
Indo Tech Transformers Ltd. Technical Analysis
Positive
1582.85
Price Trends
2405.45
Positive
1876.76
Positive
1777.67
Positive
Market Momentum
57.34
Positive
56.05
Neutral
46.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOTECH, the sentiment is Positive. The current price of 1582.85 is below the 20-day moving average (MA) of 2596.06, below the 50-day MA of 2405.45, and below the 200-day MA of 1777.67, indicating a bullish trend. The MACD of 57.34 indicates Positive momentum. The RSI at 56.05 is Neutral, neither overbought nor oversold. The STOCH value of 46.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDOTECH.
Indo Tech Transformers Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹28.25B | 29.21 | ― | ― | 27.84% | 45.24% | |
68 Neutral | ₹103.54B | 33.23 | ― | 1.27% | 11.35% | -6.15% | |
64 Neutral | ₹107.37B | 34.63 | ― | 0.07% | 24.24% | 23.80% | |
64 Neutral | ₹136.03B | 44.10 | ― | 0.45% | 6.96% | -2.06% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ₹24.65B | 26.68 | ― | 0.24% | 6.52% | -2.94% | |
58 Neutral | ₹31.62B | 26.28 | ― | 1.27% | 19.57% | -10.15% |
* Industrials Sector Average
IN:INDOTECH
Indo Tech Transformers Ltd.
2,659.70
688.05
34.90%
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IN:TARIL
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IN:VGUARD
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IN:VOLTAMP
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.