Voltamp Transformers Limited (VOLTAMP) AI Stock Analysis

• Market Cap: ₹74.67B
• Dividend Yield: 1.27%
• Average Volume (3M): 7.97K
• Price to Earnings (P/E): 22.7
• Beta (1Y): 2.31
• Revenue Growth: 15.87%
• EPS Growth: -4.28%
• Country: IN
• Employees: 352
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 78.00
• Shares Outstanding: 10,117,120
• 10 Day Avg. Volume: 1,560
• 30 Day Avg. Volume: 7,971
• PEG Ratio: 3.73
• Price to Book (P/B): 4.50
• Price to Sales (P/S): 3.69
• P/FCF Ratio: 44.93
• 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: 73 Outperform
• Price Target: ₹7,978.00 ▲(3.44% Upside)

Voltamp Transformers Limited's overall stock score is driven by its strong financial performance, which is the most significant factor. The technical analysis shows mixed signals, with some bullish momentum but potential resistance. The valuation is moderate, indicating the stock is fairly priced. The absence of earnings call and corporate events data means these factors do not influence the score.

Positive Factors

Consistent Revenue Growth

Revenue has grown consistently, indicating expanding market share and sustained demand for transformers. Durable growth supports reinvestment, capacity adds, and margin resilience as the company can leverage scale. It underpins long-term earnings visibility over the next 2-6 months.

Low Financial Leverage

Low debt-to-equity and a strong equity base reduce refinancing and solvency risks. A conservative capital structure gives flexibility to fund capex, absorb input-cost shocks, pursue selective growth, and sustain dividends or buybacks without stressing cash flows in cyclical T&D markets.

Healthy Cash Generation

Positive trend in free cash flow and a strong operating cash-to-net-income ratio show solid cash conversion. Reliable cash generation funds working capital, maintenance capex and after-sales service investments, improving competitiveness and reducing reliance on external funding.

Negative Factors

EPS Growth Weakness

Despite revenue gains, reported EPS growth is negative, implying margin pressure, mix effects or non-operating items. A declining per-share earnings trend can constrain dividend prospects and limit internally funded expansion unless operating profitability is restored.

Input Cost Sensitivity

Key inputs include copper and electrical steel; price volatility can structurally compress gross margins if procurement hedges or pass-through are limited. This exposure ties profitability to commodity cycles and supply-chain disruptions over the medium term.

Tender-driven Revenue Concentration

Heavy reliance on utility and industrial tenders makes revenue lumpy and timing uncertain. Competitive bidding and long lead times can produce uneven order flows, complicating capacity planning and cash deployment across cycles, a persistent operational challenge.

Voltamp Transformers Limited Business Overview & Revenue Model

Company Description

Voltamp Transformers Limited manufactures and sells various electrical transformers. It offers oil filled transformers, cast resin transformers, unitized sub-stations, induction furnace transformers, and lighting transformers. The company also provides repair, overhauling, conversion, and maintenance services for transformers; and supplies spares for transformers. It serves government and semi-government projects, refineries, and fertilizer plants; and the power, pharma, paper, steel, and cement sectors, as well as various other industries and state electricity boards in India and internationally. The company was founded in 1963 and is based in Vadodara, India.

How the Company Makes Money

Voltamp Transformers Limited generates revenue primarily through the sale of its transformers and ancillary services. The company has multiple revenue streams, including direct sales to utility companies and industrial clients, as well as contracts for custom-designed transformers tailored to specific client needs. Additionally, VOLTAMP earns money through maintenance and repair services, ensuring long-term relationships with clients. Strategic partnerships with engineering firms and participation in government contracts for infrastructure projects also contribute to its earnings, as these collaborations often lead to large-scale orders and steady revenue influx.

Voltamp Transformers Limited Financial Statement Overview

Summary

Voltamp Transformers Limited exhibits strong financial health with robust revenue growth, efficient cost management, and a solid balance sheet with low leverage. Cash flow generation is positive, though there is potential for further enhancement in growth.

Income Statement

Voltamp Transformers Limited demonstrates strong revenue growth, with a consistent increase in total revenue over the years. The gross profit margin is robust, reflecting efficient cost management. The net profit margin is healthy, showing effective control over expenses. EBIT and EBITDA margins also indicate strong operational efficiency, contributing to the overall profitability.

Balance Sheet

The company maintains a strong equity base with a low debt-to-equity ratio, indicating low financial leverage and reduced risk. The return on equity (ROE) is impressive, signaling effective use of shareholder funds. The equity ratio reflects a solid capital structure with a high proportion of equity financing, enhancing financial stability.

Cash Flow

Voltamp shows a positive trend in free cash flow, suggesting good cash management and profitability. The operating cash flow to net income ratio indicates strong cash generation relative to earnings. The free cash flow to net income ratio supports the company's ability to generate cash from its operations, although there is room for improvement in cash flow growth rate.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	19.30B	19.34B	16.09B	13.85B	11.27B	6.92B
Gross Profit	5.25B	5.41B	4.79B	2.73B	2.50B	1.63B
EBITDA	4.37B	3.66B	4.11B	2.71B	1.82B	1.50B
Net Income	3.26B	3.25B	3.07B	2.00B	1.33B	1.12B
Balance Sheet
Total Assets	0.00	17.76B	15.21B	12.23B	10.61B	9.10B
Cash, Cash Equivalents and Short-Term Investments	1.62B	1.63B	606.00M	850.15M	950.68M	485.56M
Total Debt	0.00	21.28M	32.14M	16.63M	0.00	0.00
Total Liabilities	-15.88B	1.88B	1.67B	1.15B	1.19B	819.58M
Stockholders Equity	15.88B	15.88B	13.54B	11.07B	9.42B	8.34B
Cash Flow
Free Cash Flow	0.00	1.59B	1.97B	1.60B	469.40M	88.32M
Operating Cash Flow	0.00	2.19B	2.16B	1.68B	655.81M	196.14M
Investing Cash Flow	0.00	-1.16B	-1.41B	-1.27B	-463.11M	207.38M
Financing Cash Flow	0.00	-938.07M	-633.29M	-363.00M	-260.90M	-252.85M

Voltamp Transformers Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 7712.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VOLTAMP, the sentiment is Neutral. The current price of 7712.9 is above the 20-day moving average (MA) of 7221.99, above the 50-day MA of 7664.29, and below the 200-day MA of 7998.50, indicating a neutral trend. The MACD of -170.64 indicates Negative momentum. The RSI at 52.15 is Neutral, neither overbought nor oversold. The STOCH value of 81.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:VOLTAMP.

Voltamp Transformers Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VOLTAMP	73 Outperform	₹74.67B	22.72	―	1.27%	15.87%	-4.28%
BBL	73 Outperform	₹31.77B	21.60	―	1.27%	16.36%	21.58%
INDOTECH	68 Neutral	₹14.13B	16.78	―	―	34.48%	40.61%
ELECON	67 Neutral	₹91.56B	19.01	―	0.41%	20.94%	45.63%
TARIL	65 Neutral	₹70.93B	26.34	―	0.07%	33.60%	100.44%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HIRECT	58 Neutral	₹21.52B	45.26	―	0.13%	35.05%	99.65%