In the dynamic power equipment sector, certain transformer manufacturers combine robust financial health with attractive valuations. This article highlights four financially strong transformer stocks trading at price-to-earnings ratios below the industry average, signaling potential value opportunities for investors seeking quality businesses at relatively discounted valuations.
Here are a few financially strong transformer stocks with PE less than their Industry
Voltamp Transformers Limited
With a market capitalization of Rs. 7,979.37 crore, the shares of Voltamp Transformers Limited were currently trading at Rs. 7,887 per equity share. Voltamp Transformers Limited trades at a price-to-earnings ratio of 24.8, significantly below the industry average of 53.9, indicating potential undervaluation compared to peers in its sector. In terms of return ratios, the company’s ROCE and ROE stand at 29.1 percent and 21.7 percent, respectively.
Coming into financial highlights, Voltamp Transformers Limited’s revenue has decreased from Rs. 428 crore in Q1 FY25 to Rs. 424 crore in Q1 FY26, which is a drop of 0.93 percent. The net profit has also grown by 1.27 percent from Rs. 79 crore in Q1 FY25 to Rs. 80 crore in Q1 FY26.
Voltamp Transformers Limited was established in 1963 and is a leading manufacturer based in Vadodara, Gujarat. The company specializes in designing and producing oil-filled power and distribution transformers, as well as dry type vacuum pressure impregnated and cast resin transformers, catering to diverse industries including power, steel, cement, and oil & gas.
Indo Tech Transformers Limited
With a market capitalization of Rs. 2,022.37 crore, the shares of Indo Tech Transformers Limited were currently trading at Rs. 1,904.30 per equity share. Indo Tech Transformers Limited trades at a price-to-earnings ratio of 30.2, significantly below the industry average of 53.9, indicating potential undervaluation compared to peers in its sector. In terms of return ratios, the company’s ROCE and ROE stand at 37.8 percent and 25.7 percent, respectively.
Coming into financial highlights, Indo Tech Transformers Limited’s revenue has increased from Rs. 175 crore in Q4 FY24 to Rs. 206 crore in Q4 FY25, which has grown by 17.71 percent. The net profit has decreased by 19.23 percent from Rs. 26 crore in Q4 FY24 to Rs. 21 crore in Q4 FY25.
Indo Tech Transformers Limited was established in 1976 and is a leading transformer manufacturer in Southern India. It produces power and distribution transformers, special application transformers, and mobile substations, serving industries like power, steel, cement, and renewable energy with modern facilities and quality standards.
Pitti Engineering Limited
With a market capitalization of Rs. 3,671.22 crore, the shares of Pitti Engineering Limited were currently trading at Rs. 975 per equity share. Pitti Engineering Limited trades at a price-to-earnings ratio of 34.1, significantly below the industry average of 37.3, indicating potential undervaluation compared to peers in its sector. In terms of return ratios, the company’s ROCE and ROE stand at 16 percent and 16.4 percent, respectively.
Coming into financial highlights, Pitti Engineering Limited’s revenue has increased from Rs. 391 crore in Q1 FY25 to Rs. 457 crore in Q1 FY26, which is a growth of 16.88 percent. The net profit has increased by 21.05 percent from Rs. 19 crore in Q1 FY25 to Rs. 23 crore in Q1 FY26.
Pitti Engineering Limited was founded in 1983 and is headquartered in Hyderabad. The company is India’s largest manufacturer and exporter of electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, and machined components. It serves diverse industries globally through advanced manufacturing facilities in Hyderabad and Aurangabad.
Shilchar Technologies Limited
With a market capitalization of Rs. 5,576.01 crore, the shares of Shilchar Technologies Limited were currently trading at Rs. 4,874.05 per equity share. Shilchar Technologies Limited trades at a price-to-earnings ratio of 34.8, significantly below the industry average of 40, indicating potential undervaluation compared to peers in its sector. In terms of return ratios, the company’s ROCE and ROE stand at 71.3 percent and 52.9 percent, respectively.
Coming into financial highlights, Shilchar Technologies Limited’s revenue has increased from Rs. 107 crore in Q1 FY25 to Rs. 159 crore in Q1 FY26, which is a growth of 48.60 percent. The net profit has also increased by 70.83 percent from Rs. 24 crore in Q1 FY25 to Rs. 41 crore in Q1 FY26.
Shilchar Technologies Limited was founded in 1990 and is a prominent Indian manufacturer of power, distribution, electronics, and telecom transformers. It serves diverse industries, including utilities and renewable energy, offering globally competitive quality products with a strong export presence.
Written By – Nikhil Naik
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