Synopsis: Small-cap company shares rose 7% as it is set to consider a stock split of its equity shares of face value ₹2 each in its Board meeting on May 14, 2026, along with approval of audited FY2025–26 results and possible dividend.
The shares of the Small-cap company, specialising in the design, manufacture, and servicing of AC generators (alternators) and electric motors, are in focus on the day’s trade as they have rallied 7 percent following the consideration of a proposal for a stock Split.
With a market capitalisation of Rs. 19,024.72 crore in the day’s trade, the shares of TD Power Systems Ltd rose 6.9 percent to hit a high of Rs. 1,244.05, compared to the previous close of Rs. 1,163.15.
What Happened
TD Power Systems Ltd, engaged in the design, manufacture, and servicing of AC generators (alternators) and electric motors are in focus as the company has informed the stock exchanges that a meeting of its Board of Directors will be held on Thursday, May 14, 2026.
In this meeting, the Board will consider and approve the audited financial results for the quarter and year ended March 31, 2026, and may also recommend a dividend for the financial year 2025–26, if any.
Additionally, the Board will review a proposal to split or subdivide the company’s equity shares of face value ₹2 each, subject to shareholder and regulatory approvals. The company has also confirmed that the trading window for its equity shares will remain closed until May 16, 2026 (both days inclusive), as previously communicated.
Financials & Others
The company’s revenue rose by 26.36 percent from Rs. 350 crores in December 2024 to Rs. 443 crores in December 2025. Meanwhile, Net profit rose from Rs. 45 crores to Rs. 56 crores in the same period.
The company shows strong capital efficiency, with a Return on Capital Employed (ROCE) of 30.4% and Return on Equity (ROE) of 22.3%. These figures indicate that the business is generating healthy profits from its capital base and is effectively rewarding shareholders.
It also maintains a very conservative balance sheet, with a low debt-to-equity ratio of 0.04, showing minimal reliance on borrowed funds. Additionally, the company has delivered a strong profit growth of 55.6% CAGR over the last 5 years, reflecting consistent expansion and solid operational performance.
The Export orders contributed significantly, accounting for 84% of order inflows in Q3 FY’26 and 79% of total order inflows during the first nine months (9M FY’26), highlighting a strong export-driven growth mix.
As of 31st December 2025, the total order book stood at ₹18,452 million, reflecting a well-diversified portfolio across domestic and international segments. Domestic business accounted for 21.1% (₹3,957 million), while exports, including deemed exports, formed the largest share at ₹10,821 million (57.6%).
Within the railways segment, exports contributed ₹668 million (3.6%), domestic railways (E-locomotive) stood at ₹2,187 million (11.6%), and the new railway business added ₹321 million (1.7%). Spares and aftermarket contributed ₹97 million (0.5%), while Turkey accounted for ₹722 million (3.8%), further highlighting geographic and segment diversification.
TD Power Systems Ltd is an Indian engineering company based in Bengaluru, incorporated in 1999. It primarily manufactures AC generators and electric motors used in power generation applications. Its products include generators for steam, hydro, wind, gas, and diesel power plants, along with industrial electric motors.
The company serves both domestic and global markets, supplying equipment to sectors like renewable energy, oil & gas, steel, cement, and sugar industries. It also provides related services such as design, refurbishment, and after-sales support, making it a niche player in customised power equipment manufacturing.
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