Synopsis:
Indo Tech Transformers Ltd stock in focus after receiving a Rs. 62.93 crore domestic order.
A small-cap company that is engaged in the business of manufacturing power and distribution transformers is in the spotlight after receiving a new domestic work order worth Rs. 62.93 crore.
With the market capitalization of Rs. 1,709.61 crore, the shares of Indo Tech Transformers Ltd are trading at Rs. 1,609.80, down by 0.65 percent from its previous day’s close price of Rs. 1,620.30 per equity share, and it has reached a high of Rs. 1,678.
Work Order
Indo-Tech Transformers Limited has received a Letter of Award (LOA) dated August 4, 2025, for the supply of six 175 MVA, 220/33-33kV transformers. The total order value is Rs. 62.93 crore (excluding taxes), awarded by a domestic entity. The execution timeline includes delivery of 4 transformers by July 2026 and 2 by October 2026.
About the Company & Others
Indo Tech Transformers Limited, founded in 1976 and headquartered in Tamil Nadu, is a leading transformer manufacturer with over 56,000 units in service both in India and abroad. The company specializes in power, distribution, and special application transformers, with a focus on transmission, generation, renewables, and core industries like steel and cement.
Indo Tech maintains high manufacturing and testing standards through its state-of-the-art, NABL-accredited facilities and a dust-free EHV production environment. Trusted by major clients such as NTPC, ADANI, and JSW Steel, the company is an important player in powering infrastructure and supporting India’s energy transition, combining technological strength with a customer-centric approach.
As of 31 March 2025, the company has an order book of Rs. 830 crore, which is about 1.5 times its yearly revenue, giving the company clear revenue visibility for FY25-26.
Future Outlook
Indo Tech Transformers plans to invest Rs. 75 crore over the next two years to upgrade processes and increase production capacity from 9,500 MVA to 16,000 MVA. The investment will be funded by internal accruals, ensuring that debt levels remain low. As of March 31, 2025, the company had a strong capital structure, with a TOL/TNW ratio of 0.55 times.
This strategic investment increases production capacity and revenue, enabling Indo Tech to compete in larger, more complex bids, particularly in power generation, infrastructure, and renewables. Its diverse product portfolio continues to perform well across a variety of industries.
Written by Akshay Sanghavi
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