Indo Tech Transformers Ltd. (INDOTECH) AI Stock Analysis

• Market Cap: ₹17.73B
• Dividend Yield: N/A
• Average Volume (3M): 1.83K
• Price to Earnings (P/E): 23.0
• Beta (1Y): 1.75
• Revenue Growth: 40.81%
• EPS Growth: 56.69%
• Country: IN
• Employees: 286
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 18.05
• Shares Outstanding: 10,620,000
• 10 Day Avg. Volume: 2,059
• 30 Day Avg. Volume: 1,826
• PEG Ratio: 1.04
• Price to Book (P/B): 8.63
• Price to Sales (P/S): 3.96
• P/FCF Ratio: 61.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ₹1,962.00 ▲(18.46% Upside)

Indo Tech Transformers Ltd. receives a strong overall score driven primarily by its robust financial performance, which indicates solid growth and efficient management. The technical analysis suggests a cautious outlook with neutral to slightly bearish trends, while the valuation indicates the stock is fairly priced. The absence of earnings call data and corporate events does not impact the score significantly.

Indo Tech Transformers Ltd. Business Overview & Revenue Model

Company Description

Indo Tech Transformers Limited manufactures and sells transformers in India and internationally. It offers power, distribution, large power, open ventilated dry type, and special application transformers, as well as mobile sub-station transformers and sub-stations for use in the generation, transmission, and distribution of electric power. The company was incorporated in 1976 and is based in Kancheepuram, India. Indo Tech Transformers Limited operates as a subsidiary of Prolec GE, S. de R.L. de C.V. As of March 31, 2020, Indo Tech Transformers Limited operates as a subsidiary of Shirdi Sai Electricals Limited.

How the Company Makes Money

Indo Tech Transformers Ltd. generates revenue primarily through the manufacturing and sale of electrical transformers and related products. The company's revenue model is structured around direct sales to utility companies, industrial clients, and infrastructure projects, which represent significant key revenue streams. INDOTECH also engages in after-sales services, including maintenance and repair, which provides recurring income. Additionally, partnerships with government agencies and private sector enterprises for large-scale infrastructure projects enhance its earnings potential. The company's focus on research and development allows it to innovate and offer customized solutions, further attracting customers and boosting revenue.

Indo Tech Transformers Ltd. Financial Statement Overview

Summary

Indo Tech Transformers Ltd. presents a strong financial performance with robust revenue and profit growth, efficient cost management, and solid cash generation. The balance sheet shows a stable financial position with prudent leverage, while the cash flow statement highlights effective cash management. The company is well-positioned for future growth with its current financial health, though careful management of increasing liabilities is recommended to sustain its strong financial standing.

Income Statement

Indo Tech Transformers Ltd. demonstrates excellent revenue growth, with a strong revenue increase from 2024 to 2025. The gross profit margin is robust, indicating efficient production cost management. The net profit margin has improved significantly, reflecting enhanced profitability. EBIT and EBITDA margins are healthy, showcasing strong operational efficiency. Overall, the income statement reveals a well-managed business with growing profitability.

Balance Sheet

The company maintains a strong equity position, with a favorable debt-to-equity ratio indicating prudent use of leverage. The return on equity has improved, reflecting better profitability relative to shareholder equity. The equity ratio is solid, suggesting financial stability and a low risk of insolvency. However, a check on increasing liabilities is advisable to maintain this stability.

Cash Flow

Indo Tech Transformers Ltd. shows a significant improvement in free cash flow, with strong growth in free cash flow from 2024 to 2025. The operating cash flow to net income ratio is healthy, indicating efficient cash generation relative to reported net income. Free cash flow to net income ratio suggests effective conversion of earnings into cash. The cash flow statement reflects a strong ability to generate cash, which supports ongoing operations and potential growth investments.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.94B	6.12B	5.04B	3.71B	2.80B	2.05B
Gross Profit	1.82B	1.66B	1.46B	983.17M	751.90M	610.90M
EBITDA	1.09B	1.01B	649.55M	323.26M	182.21M	113.10M
Net Income	771.40M	638.80M	468.60M	257.02M	121.89M	62.86M
Balance Sheet
Total Assets	0.00	4.36B	3.82B	3.01B	2.38B	1.87B
Cash, Cash Equivalents and Short-Term Investments	930.88M	938.40M	575.40M	433.90M	425.03M	94.13M
Total Debt	0.00	81.60M	49.95M	113.35M	5.59M	0.00
Total Liabilities	-2.81B	1.55B	1.65B	1.30B	932.50M	533.67M
Stockholders Equity	2.81B	2.81B	2.17B	1.71B	1.45B	1.33B
Cash Flow
Free Cash Flow	0.00	396.10M	236.47M	-115.54M	183.60M	72.27M
Operating Cash Flow	0.00	557.50M	317.67M	-39.42M	216.94M	78.26M
Investing Cash Flow	0.00	-181.50M	-115.95M	-147.47M	-87.28M	-25.88M
Financing Cash Flow	0.00	14.30M	-80.90M	93.69M	-1.11M	-1.53M

Indo Tech Transformers Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1656.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOTECH, the sentiment is Negative. The current price of 1656.3 is below the 20-day moving average (MA) of 1714.45, below the 50-day MA of 1755.17, and below the 200-day MA of 2062.22, indicating a bearish trend. The MACD of -30.79 indicates Positive momentum. The RSI at 40.96 is Neutral, neither overbought nor oversold. The STOCH value of 18.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDOTECH.

Indo Tech Transformers Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDOTECH	72 Outperform	₹17.73B	22.98	―	―	40.81%	56.69%
VOLTAMP	69 Neutral	₹74.52B	22.89	―	1.40%	12.05%	-3.13%
HIRECT	66 Neutral	₹31.89B	74.14	―	0.12%	32.24%	144.50%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TARIL	58 Neutral	₹125.78B	48.10	―	0.05%	52.40%	221.33%
KECL	50 Neutral	₹7.64B	336.36	―	―	-5.35%	-84.27%

Indo Tech Transformers Ltd. Corporate Events

Indo Tech Transformers Ltd. Updates on Injunction Order Status

Indo Tech Transformers Ltd. has announced that the ad-interim injunction order previously granted by the court has been vacated as of October 13, 2025, following the disposal of an interlocutory application. The original suit for a permanent injunction will continue, but the company’s factory operations remain unaffected and continue as normal.

Indo Tech Transformers Ltd. Concludes 33rd AGM with Successful Business Transactions

Indo Tech Transformers Ltd. held its 33rd Annual General Meeting on August 11, 2025, via video conferencing. The meeting successfully transacted both ordinary and special business as outlined in the AGM notice. However, there was a delay in receiving the consolidated AGM attendance from the Registrar and Share Transfer Agent, which affected the timing of submitting the proceedings, voting results, and scrutinizer report. Despite this delay, the meeting was conducted with the requisite quorum and participation from key directors and members.

Indo Tech Transformers Re-appoints Independent Director

Indo Tech Transformers Limited has announced the re-appointment of Mrs. Leena Mukundh Sathyanarayanan as a Non-Executive Independent Director for a second term of five years, effective from November 5, 2025. This decision, approved by the shareholders and based on recommendations from the company’s Nomination and Remuneration Committee and Board of Directors, ensures continuity in the company’s leadership. Mrs. Sathyanarayanan, a Chartered Accountant with extensive experience in the manufacturing sector, is not barred by any regulatory authority from holding this position, which reflects positively on the company’s governance and compliance practices.