TD Power Systems Limited (IN:TDPOWERSYS)
:TDPOWERSYS
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TD Power Systems Limited
(TDPOWERSYS)
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Rating:75Outperform
Price Target:
₹1,266.00
▲(84.84% Upside)
Action:Reiterated
Date:05/21/26
The score is driven primarily by strong fundamentals (growth, profitability, and very low leverage) and supportive technical momentum. This is tempered by weaker cash-flow quality/consistency and a demanding valuation (high P/E with a low dividend yield).
Positive Factors
Revenue & Margin Expansion
Rapid, multi-year revenue growth alongside healthy gross (~33%) and net (~12.9%) margins lifted net income from 0.45B in 2021 to 2.39B in 2026. Scale economics and solid margins indicate durable manufacturing competitiveness and repeated project/order conversions plus aftermarket earnings.
Negative Factors
Cash Flow Volatility
Free cash flow and operating cash conversion have been volatile versus earnings, including negative FCF in 2025 and weak FCF coverage in 2026. Persistent cash variability undermines earnings quality and could force external funding or delayed reinvestment during funding-intensive project cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Expansion
Rapid, multi-year revenue growth alongside healthy gross (~33%) and net (~12.9%) margins lifted net income from 0.45B in 2021 to 2.39B in 2026. Scale economics and solid margins indicate durable manufacturing competitiveness and repeated project/order conversions plus aftermarket earnings.
Read all positive factors
TD Power Systems Limited (TDPOWERSYS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹207.17B
Dividend Yield0.23%
Average Volume (3M)58.08K
Price to Earnings (P/E)88.6
Beta (1Y)1.52
Revenue Growth45.16%
EPS Growth36.74%
CountryIN
Employees705
SectorEnergy
Sector Strength52
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)13.34
Shares Outstanding156,228,420
10 Day Avg. Volume67,484
30 Day Avg. Volume58,078
Financial Highlights & Ratios
PEG Ratio1.53
Price to Book (P/B)12.57
Price to Sales (P/S)7.26
P/FCF Ratio732.05
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)20.25
Revenue Forecast (FY)₹22.36B
TD Power Systems Limited Business Overview & Revenue Model
Company Description
TD Power Systems Limited, along with its subsidiaries, manufactures and distributes AC generators and electric motors to customers both in India and internationally. The company's operations are segmented into its Manufacturing Business and Projec...
How the Company Makes Money
TD Power Systems makes money mainly by manufacturing and selling AC generators/alternators and associated electrical packages to customers that need power-generation equipment for industrial and utility-linked applications. Revenue is typically ge...
TD Power Systems Limited Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.01B | 18.56B | 12.56B | 9.76B | 8.49B | 7.84B |
| Gross Profit | 4.50B | 6.15B | 4.23B | 3.15B | 2.56B | 2.12B |
| EBITDA | 3.02B | 3.51B | 2.54B | 1.84B | 1.51B | 1.16B |
| Net Income | 2.08B | 2.39B | 1.75B | 1.18B | 968.12M | 704.96M |
Balance Sheet | ||||||
| Total Assets | 14.84B | 18.77B | 13.64B | 10.38B | 9.03B | 9.07B |
| Cash, Cash Equivalents and Short-Term Investments | 1.93B | 2.50B | 1.44B | 1.69B | 1.19B | 1.36B |
| Total Debt | 357.37M | 181.07M | 122.18M | 95.00K | 0.00 | 709.65M |
| Total Liabilities | 5.22B | 8.05B | 5.03B | 3.33B | 2.99B | 3.80B |
| Stockholders Equity | 9.61B | 10.72B | 8.60B | 7.05B | 6.05B | 5.27B |
Cash Flow | ||||||
| Free Cash Flow | -285.67M | 184.01M | -126.69M | 393.16M | 678.83M | -40.72M |
| Operating Cash Flow | 126.05M | 1.29B | 395.23M | 840.01M | 885.63M | 109.07M |
| Investing Cash Flow | -382.60M | -1.02B | -336.32M | -325.95M | -104.02M | -52.41M |
| Financing Cash Flow | 125.23M | -205.59M | -67.45M | -156.94M | -891.22M | 108.81M |
TD Power Systems Limited Technical Analysis
Positive
684.90
Price Trends
1188.52
Positive
1009.96
Positive
838.34
Positive
Market Momentum
25.04
Negative
62.56
Neutral
92.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TDPOWERSYS, the sentiment is Positive. The current price of 684.9 is below the 20-day moving average (MA) of 1257.53, below the 50-day MA of 1188.52, and below the 200-day MA of 838.34, indicating a bullish trend. The MACD of 25.04 indicates Negative momentum. The RSI at 62.56 is Neutral, neither overbought nor oversold. The STOCH value of 92.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TDPOWERSYS.
TD Power Systems Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹1.60T | 67.32 | ― | 1.14% | 16.87% | 18.09% | |
75 Outperform | ₹207.17B | 88.56 | ― | 0.23% | 45.16% | 36.74% | |
69 Neutral | ₹164.61B | 43.10 | ― | 0.43% | 1.02% | -10.02% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | ₹347.57B | 63.37 | ― | 0.50% | 21.42% | 17.24% | |
57 Neutral | ₹1.34T | 84.33 | ― | 0.38% | -25.52% | -32.46% | |
55 Neutral | ₹49.50B | 44.59 | ― | 1.06% | 17.76% | 83.26% |
* Energy Sector Average
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TD Power Systems Limited Corporate Events
TD Power Systems Names Industry Veteran Deepak Kumar Sinha as CEO
Apr 2, 2026
TD Power Systems Limited has appointed Deepak Kumar Sinha as Chief Executive Officer, effective April 3, 2026, following approval by the board based on the Nomination and Remuneration Committee’s recommendation. The move brings in a seasoned...
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.