Synopsis : A Gujarat-based power transformer manufacturer has received a Letter of Award from Punjab State Transmission Corporation Limited (PSTCL) for the supply of 23 units of 160 MVA, 220/66 kV Power Transformers along with NIFPES and Optional Spares, aggregating to Rs.285.15 crore including applicable taxes.
India’s power transmission infrastructure buildout is generating a steady pipeline of large equipment orders, and one Anand-based transformer company has just added another significant win to its books, deepening a client relationship that stretches back nearly eight years.
With a market capitalization of Rs.16,540 crore, the shares of Atlanta Electricals Limited were trading at Rs.2,152 per share; the stock hit the upper circuit of 5 percent from the previous closing of Rs.2,050.25. It is trading at a P/E of approximately 82x.
Order Update
Atlanta Electricals Limited has received a Letter of Award from Punjab State Transmission Corporation Limited (PSTCL) for the procurement of 23 units of 160 MVA, 220/66 kV Power Transformers along with NIFPES and Optional Spares. The aggregate order value stands at Rs.285.15 crore, comprising Rs.284.51 crore for the transformers with NIFPES and Rs.63.67 lakh for optional spares. The detailed purchase order is to follow in accordance with the terms and conditions of the tender.
The win builds on a long-standing relationship with PSTCL that began in 2018, during which the company has supplied approximately 200 transformers with an aggregate installed capacity of around 5,000 MVA across Punjab. The order further reinforces the company’s position in what it considers a strategically important state market, adding to a closing order book of Rs.2,493 crore as of March 31, 2026.
Financial Snapshot & Business Overview
Atlanta Electricals Limited is a Gujarat-based manufacturer of power, auto, and inverter duty transformers, with a product range spanning 5 MVA/11 kV to 500 MVA/765 kV. The company operates five manufacturing facilities with a combined installed capacity of 63,060 MVA and has supplied over 116,936 MVA and 4,858 transformers across 19 states and 3 UTs as of FY26. It listed on BSE and NSE in September 2025, with FY26 marking its first full financial year as a public company.
On a consolidated basis, the company delivered revenue rising 48.8% YoY to Rs.1,851.5 crore. EBITDA grew 77.9% to Rs.344.4 crore, while EBITDA margin expanded by 304 bps to 18.6%. PAT increased 70.1% YoY to Rs.201.8 crore, reflecting robust profitability and execution. The company also strengthened its balance sheet, reducing its debt-equity ratio to just 0.05x.
Q4FY26 was its highest-ever quarterly performance, with revenue surging 81.7% YoY to Rs.747.6 crore, EBITDA doubling to Rs.149.6 crore at a 20% margin, and PAT jumping 128.9% YoY to Rs.102.2 crore.
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