TD Power Systems logo

TD Power Systems

TDPOWERSYS NSE

Key Fundamentals

SmallcapElectrical EquipmentCapital Goods
Market Cap
₹24,853 Cr
Volatility
Moderate
P/E Ratio
90.02
EBITDA
₹351 Cr
Return on Equity
22.28%
Debt to Equity
0.02
Book Value
₹36.56
EPS
₹8.13
52W High
₹817.55
52W Low
₹287.73

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 43.4% CAGR over last 5 years

Weaknesses

2
  • Stock is trading at 23.1 times its book value
  • Promoter holding has decreased over last 3 years: -7.40%

Growth Rate

Revenue Growth
44.16% higher than 3Y
Net Income Growth
36.77% higher than 3Y
Cash Flow Change
227% higher than 3Y
ROE
9.81% lower than 3Y
ROCE
12.48% lower than 3Y
EBITDA Margin (Avg.)
-4.25% lower than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk high

TD Power Systems has a market capitalisation of about ₹23,523 crore. Its revenue grew 54% on a trailing twelve-month (TTM) basis and profit grew 43% a year over the last 5 years, and the company is described as almost debt free. Return on equity has risen from a 10-year average of 13% to 25% last year. The stock trades at 84.5 times earnings and about 20.3 times book value, after rising 162% over the past year, while promoter holding has fallen 31.6% over 3 years.

Bull Case 7
  • Profit has grown fast for a long time: 43% a year over 5 years, 36% over 3 years and 40% over 10 years.
  • Revenue growth is speeding up. TTM sales grew 54%, compared with 29% a year over 3 years, 26% over 5 years and 14% over 10 years.
  • Capital efficiency keeps improving. ROE rose from a 10-year average of 13% to 20% (5-year), 22% (3-year) and 25% last year.
  • The company is almost debt free. That lowers financial risk and lets it fund growth largely from its own cash.
  • Profit is still growing quickly, up 45% on a TTM basis, so rising revenue is feeding through to earnings.
  • The stock has a long record of returns: 45% a year over 10 years, 89% over 5 years and 81% over 3 years. Price gains have been backed by fundamentals over multiple years.
  • The company is expected to report a good upcoming quarter, which would fit its 54% TTM revenue growth.
Bear Case 7
  • The earnings valuation is very high. A P/E of 84.5 implies TTM profit of only about ₹278 crore against a ₹23,523 crore market cap, which leaves little room for disappointment.
  • The book-value valuation is also stretched. The stock trades at roughly 20.3 to 21.9 times book value, implying equity of only about ₹1,160 crore behind the market value.
  • The share price has outrun earnings. The stock rose 162% in the last year while TTM profit grew 45%, which suggests much of the gain came from investors paying a higher multiple, not from profit growth.
  • Promoter holding has fallen 31.6% over the last 3 years. That reduces promoter alignment and may reflect insiders selling at higher prices.
  • TTM profit growth of 45% trails TTM sales growth of 54%, which may point to pressure on margins.
  • Returns have not always been this strong. The 10-year average ROE of 13% is well below the current 25%, and 10-year sales growth was 14% a year, so today's growth may be cyclical.
  • The dividend yield of 0.28% offers little income support if the high valuation multiples shrink.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Headwinds 3
  • QIP approval signals equity dilution Sep 10

    On top of the promoter issue, shareholders approved a Qualified Institutions Placement with over 99% of votes in favour. That points to more equity dilution ahead for minority shareholders. The size and pricing of the QIP haven't been disclosed yet.

  • Capacity constraints need debottlenecking Sep 9

    The company is debottlenecking to support about ₹3,200 crore of capacity for FY28. With FY27 guidance already at ₹2,600 crore, capacity could become a limit on growth if orders keep rising at the current pace.

  • High dependence on exports Sep 9

    Exports and deemed exports made up 93% of Q1 FY27 order inflows. This leaves the company exposed to global capex cycles, currency swings and geopolitical or trade disruptions.

Positives 6
  • Strong Q1 FY27 growth Sep 9

    In Q1 FY27, consolidated revenue rose 71% YoY to ₹640.1 crore, EBITDA rose 72% to ₹121.7 crore and PAT rose 72% to ₹86.3 crore. EBITDA margin was 19.0%.

  • FY27 revenue guidance raised Sep 9

    Management raised FY27 revenue guidance to ₹2,600 crore, up from FY26 revenue of ₹1,869.5 crore. They also said demand remains strong across the generator businesses.

  • Order inflow up 87% YoY Sep 9

    Quarterly order inflow rose 87% YoY to ₹734 crore. The order book stood at ₹2,207 crore at the end of June 2026, giving solid revenue visibility.

  • Entry into global 2-pole market Oct 1

    The company won a ₹192 crore order from a global corporation for 2-pole generators, its first entry into the international 2-pole generator market. Deliveries are scheduled from August 2027 to January 2028.

  • Promoters invest ₹75 crore Sep 21

    The company allotted 12.5 lakh shares at ₹600 each to two promoters, raising ₹75 crore and increasing promoter holding. Shareholders approved the issue on Sep 10 and BSE/NSE gave in-principle approval on Sep 12.

  • 23x return over five years Sep 9

    The stock returned 2,160% over five years. Between FY21 and FY26, PAT grew at a 40% CAGR from ₹45.2 crore to ₹238.8 crore, and EBITDA margin expanded 700 bps to 18.3%.

Neutral 2
  • Analyst meet at Bengaluru plant Sep 24

    The company held a group meeting with investors and analysts on September 29, 2026, at its Bengaluru plant. Discussions were limited to publicly available information.

  • FY29-30 expansion under evaluation Sep 9

    Management is evaluating further capacity expansion for FY29-30 beyond the ₹3,200 crore FY28 debottlenecking target. The capex size and timeline haven't been disclosed.

TL;DR: TD Power Systems is in a strong growth phase, with revenue and profit both up about 71-72% in Q1 FY27, a ₹2,207 crore order book, and FY27 guidance raised to ₹2,600 crore. Promoters putting in ₹75 crore at ₹600 per share and the entry into the global 2-pole generator market both point to confidence and a wider product range. The main risks are dilution from the planned QIP, capacity limits until debottlenecking is done, and heavy reliance on exports (93% of inflows). The trend is improving, and the next things to watch are whether execution keeps pace with order inflows and what terms the QIP comes with.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
220
274
243
264
274
306
350
348
372
452
443
589
640
Expenses
182
227
203
222
225
251
289
283
303
370
362
491
518
Operating Profit
39
47
40
42
48
56
61
65
69
83
80
98
122
OPM %
18%
17%
16%
16%
18%
18%
17%
19%
19%
18%
18%
17%
19%
Other Income
4
3
5
5
3
6
4
11
4
5
4
8
3
Interest
0
0
0
0
1
1
0
0
0
1
1
0
0
Depreciation
5
5
5
5
5
5
5
5
5
5
6
7
7
PBT
37
45
40
41
46
56
60
70
67
82
78
99
117
Tax %
28%
27%
25%
29%
23%
26%
25%
25%
26%
26%
28%
27%
26%
Net Profit
27
33
30
29
35
41
45
53
50
60
56
72
86
EPS in Rs
0.85
1.05
0.96
0.93
1.13
1.32
1.44
1.7
1.6
1.93
1.8
2.31
2.76
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
597
507
380
435
459
515
594
797
872
1,001
1,279
1,856
2,124
Expenses
581
498
369
424
429
477
523
701
739
829
1,043
1,521
1,742
Operating Profit
16
9
11
10
30
38
71
97
134
171
235
335
383
OPM %
2.8%
1.8%
2.8%
2.4%
7%
7%
12%
12%
15%
17%
18%
18%
18%
Other Income
24
20
20
16
9
27
16
24
21
16
24
21
20
Interest
6
7
6
9
6
10
9
7
4
4
8
8
2
Depreciation
29
29
28
27
26
22
22
22
21
21
20
23
25
PBT
6
-7
-4
-10
7
33
56
92
130
162
232
326
376
Tax %
114%
33%
24%
51%
57%
9%
20%
23%
25%
27%
25%
27%
—
Net Profit
-1
-9
-4
-14
3
30
45
70
97
118
175
239
275
EPS in Rs
-0.02
-0.28
-0.13
-0.43
0.1
0.97
1.46
2.27
3.1
3.79
5.59
7.64
8.8
Div. Payout %
-1059%
-110%
-135%
-41%
194%
23%
17%
15%
16%
15%
11%
11%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
33
33
33
33
31
31
31
31
31
31
31
31
Reserves
461
440
437
416
385
394
440
496
573
674
829
1,041
Borrowings
57
28
45
69
61
68
52
71
0
0
12
18
Other Liabilities
345
292
233
190
271
265
262
309
299
333
491
787
Total Liabilities
896
793
749
708
748
757
785
907
903
1,038
1,364
1,877
Fixed Assets
272
258
233
213
198
180
174
166
163
186
207
294
CWIP
0
1
1
1
1
1
1
1
0
1
17
17
Investments
0
0
0
0
10
20
20
20
20
10
0
0
Other Assets
624
534
515
495
539
557
590
720
720
842
1,140
1,566
Total Assets
896
793
749
708
748
757
785
907
903
1,038
1,364
1,877
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
47
-13
-20
-3
48
56
-3
11
89
84
40
129
Investing
-3
2
9
3
-13
0
-11
-14
-13
-34
-34
-105
Financing
-12
-35
1
7
-45
-17
-20
11
-89
-16
-7
-21
Net Cash Flow
32
-46
-9
7
-10
39
-34
8
-13
34
-1
3
Free Cash Flow
25
-27
-24
-10
37
58
-18
-4
72
40
-16
19
CFO/OP
308
-113
-132
28
164
170
10
29
93
72
39
59
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
95
112
154
155
182
123
100
110
113
112
125
146
Inventory Days
62
88
113
96
129
147
174
134
123
139
165
148
Days Payable
136
145
184
140
192
146
100
97
81
78
101
121
Cash Conversion Cycle
21
55
83
111
118
123
174
147
154
173
189
173
Working Capital Days
-38
-8
11
50
60
40
64
78
100
104
120
109
ROCE %
2%
0%
1%
0%
3%
6%
12%
16%
22%
25%
30%
34%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view TD Power Systems insights

64 extracted metrics + investor summaries across FY10–FY27.

Log in — free

Shareholding Pattern

Promot.26.87%FIIs26.18%Others5.38%Public17.69%DIIs23.88%As ofJun 2026

Documents

Frequently Asked Questions about TD Power Systems

What does TD Power Systems Ltd do?
TD Power Systems Ltd is engaged in manufacturing AC generators and Electric motors for various applications which are specifically designed to suit the needs of the customers based on their requirements and specifications.[1]
Where is TD Power Systems Ltd (TDPOWERSYS) listed?
TD Power Systems Ltd trades as TDPOWERSYS on the NSE and under code 533553 on the BSE.
Which sector does TD Power Systems Ltd belong to?
TD Power Systems Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the market capitalisation of TD Power Systems Ltd?
TD Power Systems Ltd has a market capitalisation of ₹24,853 Cr, which places it in the Large Cap band.
What is the PE ratio of TD Power Systems Ltd?
TD Power Systems Ltd trades at a PE ratio of 90.02, on earnings per share of ₹8.13, against a book value of ₹36.56 per share.
What is the 52-week high and low of TD Power Systems Ltd?
Over the last 52 weeks TD Power Systems Ltd has traded between ₹287.73 and ₹817.55.
Does TD Power Systems Ltd pay dividends?
TD Power Systems Ltd has a dividend yield of 0.27%.
What is the Return on Equity (ROE) of TD Power Systems Ltd?
TD Power Systems Ltd reported a return on equity of 22.28%. Its debt-to-equity ratio is 0.02.

Company Information

TD Power Systems Ltd is engaged in manufacturing AC generators and Electric motors for various applications which are specifically designed to suit the needs of the customers based on their requirements and specifications.[1]

Website tdps.co.in
Listed 2011-09-08
Face Value ₹ 1
Issued Size 15,62,14,830

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/TDPOWERSYS.md for TD Power Systems Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Capital Goods → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List