India’s transformer sector is rapidly expanding, with the market valued at approximately USD 2.44 billion in 2024 and projected to reach USD 5.18 billion by 2033, growing at a CAGR of 8.08%. In 2024-25, the country added 86,433 MVA of transformation capacity, driven by rising electricity demand, grid modernization, and renewable energy integration.
With a market capitalization of Rs 8,397.26 crore, the shares of Voltamp Transformers Ltd were trading at Rs 8,300.05 per share, increasing around 0.24 percent as compared to the previous closing price of Rs 8,280.35 apiece.
Brokerage Comments
IDBI Capital, one of the well-known brokerages in India, gave a ‘Buy’ call on the transformer stock with a target price of Rs 9,501 apiece, indicating a potential upside of 14 percent from Tuesday’s price of Rs 8,300.05 per share.
According to the brokerage, margins remained strong at 19% in Q4FY25 and are expected to sustain due to robust demand across sectors, especially renewables and data centers. Realisation per MVA surged 13% YoY to Rs 1.32 million as the company prioritizes high-margin orders.
With an order book of Rs 11.3 billion totaling 9,856 MVA, VAMP is targeting full capacity utilisation in FY26. The company’s strategic focus is on selectively pursuing orders that align with favorable financial and operational metrics, ensuring profitability and efficient resource deployment amid rising sectoral opportunities.
Recently, the company announced Q4 results, revenue from operations increased by 24.01 percent YOY, from Rs. 504 crore in Q4 FY24 to Rs. 625 crore in Q4 FY25, and grew by 29.13 percent QoQ from Rs. 484 crore in Q3 FY25.
In Q4 FY25, Voltamp Transformers Limited’s consolidated net profit increased by 3.19 percent YOY, reaching Rs. 97 crore compared to Rs. 94 crore during the same period last year. As compared to Q3 FY25, the net profit has increased by 32.88 percent, from Rs. 73 crore in Q3 FY25.
Written by Abhishek Singh
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