Quality Power Electrical Equipments Ltd
QPOWER NSE
Quality Power Electrical Equipments Ltd
Capital GoodsNSE: QPOWER BSE: 544367 Electrical Equipment
Key Fundamentals
MicrocapElectrical EquipmentCapital GoodsMarket Cap
₹10,086 Cr
Volatility
Moderate
P/E Ratio
77.16
EBITDA
₹176 Cr
Return on Equity
16.87%
Debt to Equity
0.07
Book Value
₹69.99
52W High
₹1,441
52W Low
₹581
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Quality Power Electrical Equipments Ltd insights
39 extracted metrics + investor summaries across FY22–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Company is expected to give good quarter
Weaknesses
2- Stock is trading at 18.6 times its book value
- Earnings include an other income of Rs.66.1 Cr.
Growth Rate
Revenue Growth
141.47% ↗
Net Income Growth
83.20% ↗
Cash Flow Change
21.23% ↗
ROE
-42.13% ↘
ROCE
-45.92% ↘
EBITDA Margin (Avg.)
-43.18% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 42d agoAI opinion · based on fundamentals
Risk high
Quality Power Electrical Equipments Ltd is a recently listed (Feb 2025) high-voltage electrical equipment company trading at a market cap of ₹8,805 Cr with a PE of ~47x and P/B of 16.1x. Consolidated FY26 revenue surged ~181% YoY to ~₹947 Cr driven by the Mehru acquisition and organic growth, while the order book stands at over ₹1,400 Cr providing near-term revenue visibility.
Bull Case 8
- Revenue grew 181% TTM (FY26 consolidated sales ~₹947 Cr vs ₹337 Cr in FY25), demonstrating explosive top-line momentum
- Compounded profit growth of 81% CAGR over 3 years and 90% TTM indicates rapid earnings scaling
- Order book exceeds ₹1,400 Cr, offering approximately 1.5x FY26 revenue visibility for future execution
- Company is almost debt-free, providing balance sheet flexibility to fund capacity expansion without dilution risk
- 3-year average ROE of ~25% reflects strong capital efficiency and high return on deployed equity
- New facility capable of supporting ~₹1,500 Cr in annual revenue positions the company for continued scale-up without immediate capex bottlenecks
- Exposure to structural growth themes — HVDC (800 kV reactors), BESS (US$31 Mn in orders), data centers, and FACTS equipment — diversifies revenue streams
- Promoter holding at 73.91% signals strong insider alignment; promoters waived FY26 dividend to conserve capital for growth
Bear Case 8
- Stock trades at 16.1x book value, significantly above typical industrial sector multiples, pricing in substantial future growth
- PE ratio of ~47x (trailing) leaves limited margin of safety if growth decelerates even modestly
- Earnings quality concern: other income of ₹59.8 Cr included in reported profits — stripping this out would reduce net earnings meaningfully
- Much of the revenue jump is inorganic via the ₹120 Cr Mehru acquisition (51% stake); organic growth rate is lower than headline 181% suggests
- Company listed only in Feb 2025 with a tepid IPO (1.3x subscribed), leaving a limited public track record and sparse long-term financial history
- Stock has appreciated 58% in just 1 year, raising the risk of mean-reversion or a de-rating if quarterly results disappoint
- Dividend yield of just 0.09% offers negligible income return, making investors entirely dependent on capital appreciation
- Institutional holding at only 8.26% implies limited large-fund conviction at current valuations, which can amplify volatility
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 42d ago Positives 3
- ₹315 Cr insulator acquisition Jun 9
Signed term sheet to acquire 100% of Winwin Speciality Insulators for INR 315 Crores, adding high-voltage ceramic insulator manufacturing and a 47.7-acre land parcel in Visakhapatnam.
- Japan FACTS system order ₹40.9 Cr Jul 4
Subsidiary Endoks Enerji won international order in Japan for supply of FACTS system and equipment worth ₹40.9 Crores, scheduled for execution by December 2027.
- ₹15.70 Cr Hitachi Energy order Jul 3
Subsidiary Mehru Electrical secured multiple orders worth ₹15.70 crore from Hitachi Energy India for 400 KV transformers.
Neutral 2
- Auditor appointments and ESOP approval Jun 30
Appointed Bathiya Advisors LLP as internal auditor for three years, re-appointed R.S. Kale & Co. as cost auditor for FY27, and granted in-principle approval to a draft ESOP scheme.
- Investor conference participation Jun 10
Company officials to attend Avendus Spark and Systematix conferences on June 15-16, 2026, in Mumbai.
TL;DR: Quality Power is on a clear growth trajectory with steady order wins across subsidiaries (₹40.9 Cr Japan order, ₹15.70 Cr from Hitachi Energy) and a strategic ₹315 Cr acquisition to expand into high-voltage ceramic insulators. No visible headwinds in recent news flow. The order pipeline is diversifying geographically (Japan) and across product lines, suggesting an improving trend heading into H2 FY26.
Quarterly Results
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 142 | 39 | 61 | 94 | 73 | 108 | 177 | 206 | 284 | 281 | 233 |
| Expenses | 131 | 26 | 38 | 86 | 55 | 92 | 146 | 170 | 205 | 251 | 192 |
| Operating Profit | 11 | 14 | 24 | 8 | 17 | 16 | 31 | 36 | 79 | 30 | 41 |
| OPM % | 8% | 34% | 38% | 9% | 24% | 15% | 18% | 18% | 28% | 11% | 18% |
| Other Income | 6 | 9 | 18 | 8 | 6 | 21 | 17 | 13 | 0 | 29 | 24 |
| Interest | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 4 |
| PBT | 15 | 22 | 41 | 14 | 22 | 36 | 44 | 44 | 74 | 53 | 59 |
| Tax % | 7% | 19% | 18% | 5% | 10% | 14% | 16% | 21% | 15% | 13% | 23% |
| Net Profit | 14 | 18 | 33 | 13 | 20 | 30 | 37 | 35 | 63 | 51 | 47 |
| EPS in Rs | 74,933 | 2.11 | 4.34 | 1.62 | 1.92 | 2.51 | 3.12 | 3.14 | 5.03 | 4.38 | 4.66 |
Profit & Loss
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales | 183 | 253 | 302 | 337 | 947 | 1,003 |
| Expenses | 159 | 221 | 263 | 271 | 771 | 817 |
| Operating Profit | 23 | 32 | 39 | 65 | 176 | 186 |
| OPM % | 13% | 13% | 13% | 19% | 19% | 19% |
| Other Income | 29 | 20 | 30 | 54 | 60 | 66 |
| Interest | 1 | 3 | 2 | 2 | 7 | 7 |
| Depreciation | 2 | 2 | 3 | 5 | 13 | 14 |
| PBT | 49 | 48 | 63 | 112 | 216 | 232 |
| Tax % | 14% | 16% | 12% | 11% | 16% | — |
| Net Profit | 42 | 40 | 55 | 100 | 186 | 195 |
| EPS in Rs | 1,10,133 | 1,37,400 | 5.19 | 8.54 | 15.67 | 17.21 |
| Div. Payout % | 0% | 0% | 0% | 12% | 6% | — |
Balance Sheet
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.15 | 72 | 77 | 77 |
| Reserves | 92 | 112 | 81 | 347 | 465 |
| Borrowings | 12 | 11 | 38 | 9 | 40 |
| Other Liabilities | 149 | 189 | 167 | 377 | 530 |
| Total Liabilities | 253 | 312 | 359 | 810 | 1,112 |
| Fixed Assets | 34 | 40 | 66 | 238 | 267 |
| CWIP | 0 | 1 | 2 | 2 | 73 |
| Investments | 0 | 31 | 48 | 37 | 19 |
| Other Assets | 219 | 241 | 243 | 533 | 754 |
| Total Assets | 253 | 312 | 359 | 810 | 1,112 |
Cash Flow
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Operating | 9 | 44 | 52 | 62 | 80 |
| Investing | -13 | -55 | -81 | -100 | -95 |
| Financing | 2 | -4 | 25 | 171 | 18 |
| Net Cash Flow | -3 | -14 | -4 | 134 | 3 |
| Free Cash Flow | 4 | 28 | 9 | 39 | -31 |
| CFO/OP | 74 | 171 | 156 | 111 | 64 |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 108 | 94 | 96 | 149 | 93 |
| Inventory Days | 139 | 109 | 43 | 185 | 74 |
| Days Payable | 93 | 120 | 116 | 167 | 105 |
| Cash Conversion Cycle | 154 | 82 | 23 | 167 | 63 |
| Working Capital Days | 44 | 5 | -33 | 122 | 73 |
| ROCE % | — | 28% | 31% | 27% | 32% |
Documents
1
Board Meeting Intimation for Meeting Of The Board Of The Company To Be Held On 13Th May 2026
2 May - Board meeting on 13 May 2026 to approve audited FY26 results and consider dividend. 2 May - Board meeting on 13 May 2026 to approve audited FY26 results and consider dividend.
2
Update on board meeting
8 May - Board meeting on 13 May 2026 will consider enabling resolution for fund raising. 8 May - Board meeting on 13 May 2026 will consider enabling resolution for fund raising.
3
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 May - Of Earnings Conference Call Invite for the Fourth Quarter of Fiscal Year 2026 7 May - Of Earnings Conference Call Invite for the Fourth Quarter of Fiscal Year 2026
4
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
28 Apr - Company confirms it is not a Large Corporate; FY26 borrowings were nil. 28 Apr - Company confirms it is not a Large Corporate; FY26 borrowings were nil.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
28 Apr - Company disclosed on 28 Apr 2026 that it is not a Large Corporate; borrowings were nil. 28 Apr - Company disclosed on 28 Apr 2026 that it is not a Large Corporate; borrowings were nil.
Frequently Asked Questions about Quality Power Electrical Equipments Ltd
What does Quality Power Electrical Equipments Ltd do?
Incorporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies.[1]
Where is Quality Power Electrical Equipments Ltd (QPOWER) listed?
Quality Power Electrical Equipments Ltd is listed on the Indian stock exchanges. It is listed on NSE: QPOWER and BSE: 544367. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Quality Power Electrical Equipments Ltd belong to?
Quality Power Electrical Equipments Ltd operates in the Capital Goods sector within the Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Quality Power Electrical Equipments Ltd?
Quality Power Electrical Equipments Ltd has a market capitalisation of approximately ₹10085.55 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Quality Power Electrical Equipments Ltd?
The Price-to-Earnings (PE) ratio of Quality Power Electrical Equipments Ltd is 77.16. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Quality Power Electrical Equipments Ltd?
Over the past 52 weeks, Quality Power Electrical Equipments Ltd has traded between a low of ₹581 and a high of ₹1,441. This range helps investors understand the stock's price volatility and recent trading levels.
Does Quality Power Electrical Equipments Ltd pay dividends?
Yes, Quality Power Electrical Equipments Ltd has a dividend yield of 0.02%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Quality Power Electrical Equipments Ltd?
Quality Power Electrical Equipments Ltd has a Return on Equity (ROE) of 16.87%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Quality Power Electrical Equipments Ltd on Tapetide?
On Tapetide, you can view Quality Power Electrical Equipments Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies.[1]