Indo Tech Transformers Ltd. (INDOTECH) AI Stock Analysis

• Market Cap: ₹13.25B
• Dividend Yield: N/A
• Average Volume (3M): 1.83K
• Price to Earnings (P/E): 16.6
• Beta (1Y): 1.82
• Revenue Growth: 34.48%
• EPS Growth: 40.61%
• Country: IN
• Employees: 286
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 23.45
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹1,366.00 ▼(-13.70% Downside)
• Action: Reiterated Date: 04/02/26
• Date: Action: Reiterated 04/02/26

Score is driven by strong financial performance (growth, margins, and cash flow) and a reasonable P/E, partially offset by weak technicals (below major moving averages with negative MACD and oversold/weak momentum readings).

Positive Factors

Revenue Growth

Sustained high revenue growth indicates expanding order wins and market share in transformer manufacturing. Over 2–6 months this underpins scale economics, strengthens bargaining power with suppliers, and provides a broader base to absorb fixed costs, supporting durable profitability and reinvestment.

Negative Factors

Rising Liabilities

A trend of rising liabilities can erode the balance sheet cushion and increase cash outflows for interest or repayments. If liabilities grow faster than earnings or cash flow, financial flexibility and ability to fund bids or fulfil turnkey contracts could be constrained over the medium term.

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...

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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...

How the Company Makes Money

INDOTECH primarily makes money by selling manufactured transformers to customers (typically electric utilities, government/state electricity boards, EPC contractors, and industrial users). Revenue is generally recognized from (a) supply of transfo...

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INDOTECH primarily makes money by selling manufactured transformers to customers (typically electric utilities, government/state electricity boards, EPC contractors, and industrial users). Revenue is generally recognized from (a) supply of transfo...

Indo Tech Transformers Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.30B	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	1.18B	915.11M	649.55M	323.26M	182.21M	113.10M
Net Income	842.00M	638.80M	468.60M	257.02M	121.89M	62.86M
Balance Sheet
Total Assets	5.10B	4.36B	3.82B	3.01B	2.38B	1.87B
Cash, Cash Equivalents and Short-Term Investments	947.40M	938.40M	575.40M	433.90M	425.03M	94.13M
Total Debt	117.40M	81.60M	49.95M	113.35M	5.59M	0.00
Total Liabilities	1.86B	1.55B	1.65B	1.30B	932.50M	533.67M
Stockholders Equity	3.25B	2.81B	2.17B	1.71B	1.45B	1.33B
Cash Flow
Free Cash Flow	-90.70M	396.10M	236.47M	-115.54M	183.60M	72.27M
Operating Cash Flow	400.00K	557.50M	317.67M	-39.42M	216.94M	78.26M
Investing Cash Flow	-211.90M	-181.50M	-115.95M	-147.47M	-87.28M	-25.88M
Financing Cash Flow	24.90M	14.30M	-80.90M	93.69M	-1.11M	-1.53M

Indo Tech Transformers Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1582.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1582.85 is above the 20-day moving average (MA) of 1282.87, above the 50-day MA of 1348.08, and below the 200-day MA of 1641.20, indicating a bearish trend. The MACD of -45.15 indicates Negative momentum. The RSI at 45.07 is Neutral, neither overbought nor oversold. The STOCH value of 68.01 is Neutral, 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
VOLTAMP	73 Outperform	₹90.90B	20.04	―	1.27%	15.87%	-4.28%
INDOTECH	65 Neutral	₹13.25B	16.63	―	―	34.48%	40.61%
TARIL	65 Neutral	₹80.61B	28.99	―	0.07%	33.60%	100.44%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
WENDT	59 Neutral	₹12.83B	130.82	―	0.62%	―	―
HIRECT	58 Neutral	₹23.23B	49.83	―	0.13%	35.05%	99.65%
KECL	49 Neutral	₹6.36B	41.93	―	―	-11.25%	-48.96%

Indo Tech Transformers Ltd. Corporate Events