Voltamp Transformers Limited (VOLTAMP) AI Stock Analysis

Voltamp Transformers Limited

(NSE:VOLTAMP)

Select Model

Rating:74Outperform

Price Target:INR 12,567.00▲(21.56% Upside)

Action:upgraded

Date:08/09/26

Voltamp Transformers benefits from a robust financial foundation and positive technical momentum. However, valuation concerns and recent margin compression limit upside potential. The overall score of 74 reflects a moderately favorable outlook.

Positive Factors

Exceptionally conservative balance sheetNear-zero leverage reduces refinancing and interest-burden risk while preserving financial flexibility. A strong equity and asset base gives Voltamp greater capacity to fund expansion, absorb operating volatility, and pursue customer opportunities without relying heavily on external borrowing.

Negative Factors

Meaningful margin compressionFalling margins alongside higher revenue suggests cost pressure or an unfavorable product mix is reducing operating leverage. If this trend persists, it could limit earnings growth, weaken returns on incremental sales, and make future profitability more dependent on pricing and input-cost control.

Voltamp Transformers Limited (VOLTAMP) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 104.72B
Dividend Yield: 0.97%
Average Volume (3M): 2,458
Price to Earnings (P/E): 32.4
Beta (1Y): 1.73
Revenue Growth: 17.84%
EPS Growth: -2.60%
Country: India
Employees: 440
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Voltamp Transformers Limited Business Overview & Revenue Model

Company Description

Established in 1963 and based in Vadodara, India, Voltamp Transformers Limited specializes in the manufacturing and distribution of a wide array of electrical transformers. Their product offerings include oil-filled, cast resin, unitized sub-stations...

How the Company Makes Money

Voltamp Transformers Limited makes money primarily by manufacturing and selling transformers to customers such as electric utilities, government and private power companies, and industrial/commercial users. Revenue is typically generated through (1)...

Voltamp Transformers Limited Financial Statement Overview

Summary

Strong balance sheet with no debt and healthy profitability, though recent margin pressure and reduced cash flow conversion present near-term challenges. Derived from Income Statement score 70, Balance Sheet 90, Cash Flow 65.

Income Statement

70Positive

Balance Sheet

90Very Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	22.74B	21.54B	19.25B	16.09B	13.76B	11.22B
Gross Profit	4.68B	4.74B	5.32B	4.79B	3.44B	2.44B
EBITDA	3.69B	4.22B	4.51B	4.11B	2.71B	1.82B
Net Income	3.17B	3.05B	3.25B	3.07B	2.00B	1.33B
Balance Sheet
Total Assets	0	20.18B	17.76B	15.21B	12.23B	10.61B
Cash, Cash Equivalents and Short-Term Investments	1.01B	1.02B	1.63B	606.00M	850.15M	950.68M
Total Debt	0	5.43M	21.28M	32.14M	16.63M	0
Total Liabilities	-17.92B	2.26B	1.88B	1.67B	1.15B	1.19B
Stockholders Equity	17.92B	17.92B	15.88B	13.54B	11.07B	9.42B
Cash Flow
Free Cash Flow	402.80M	499.35M	1.59B	1.97B	1.60B	469.40M
Operating Cash Flow	810.61M	1.75B	2.19B	2.16B	1.68B	655.81M
Investing Cash Flow	124.04M	-377.15M	-1.16B	-1.41B	-1.27B	-463.11M
Financing Cash Flow	-1.03B	-1.03B	-938.07M	-633.29M	-363.00M	-260.90M

Voltamp Transformers Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price10338.30

Price Trends

50DMA10629.79Negative

100DMA10186.15Positive

200DMA9458.39Positive

Market Momentum

MACD-120.22Negative

RSI49.83Neutral

STOCH71.91Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VOLTAMP, the sentiment is Positive. The current price of 10338.30 is above the 20-day moving average (MA) of 10309.74, below the 50-day MA of 10629.79, and above the 200-day MA of 9458.39, indicating a neutral trend. The MACD of -120.22 indicates Negative momentum. The RSI at 49.83 is Neutral, neither overbought nor oversold. The STOCH value of 71.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VOLTAMP.

Voltamp Transformers Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:VOLTAMP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TARIL	83Outperform	INR 89.69B	29.22	―	0.08%	27.23%	21.70%
IN:VOLTAMP	74Outperform	INR 104.59B	32.39	―	0.97%	17.84%	-2.60%
IN:CGPOWER	70Outperform	INR 1.27T	91.99	―	0.16%	23.76%	25.93%
IN:INDOTECH	70Outperform	INR 28.71B	29.04	―	0.37%	21.99%	28.73%
IN:APARINDS	65Neutral	INR 657.41B	45.90	―	0.38%	23.42%	46.04%
IN:BBL	57Neutral	INR 26.39B	20.32	―	1.50%	26.44%	-11.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:VOLTAMP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:VOLTAMP	Voltamp Transformers Limited	10338.30	2958.63	40.09%
IN:APARINDS	APAR Industries Limited	15700.35	7194.66	84.59%
IN:BBL	Bharat Bijlee Limited	2334.90	-641.63	-21.56%
IN:CGPOWER	CG Power & Industrial Solutions Ltd	803.95	60.19	8.09%
IN:INDOTECH	Indo Tech Transformers Ltd.	2703.60	1003.06	58.98%
IN:TARIL	Transformers and Rectifiers (India) Limited	298.80	-145.70	-32.78%

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.

Date of analysis: Aug 09, 2026

Voltamp Transformers Limited AI Stock Analysis