TD Power Systems Ltd.
•₹ 1,534.81.81%
2026-08-21
PROS
- Company has delivered good profit growth of 39.5% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 29.9%
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.7%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 72.3% YoY, showing strong momentum
CONS
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -7.4pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.48x)
- Valuation is stretched - P/E of 87.8 is well above its own 5-year median (39.1)
- Total debt has risen sharply - up 48.2% year on year
- Stock is trading at 12.4x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ABB | 7400.00 | 52.48 | 156812.20 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| 2. | POWERINDIA | 33550.00 | 0.00 | 149540.28 | 0.02 | 294.15 | 123.52 | 2493.69 | 74.46 | 28.73 | 14.58 |
| 3. | SIEMENS | 3880.10 | 42.19 | 138178.32 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| 4. | CGPOWER | 862.90 | 108.75 | 135945.59 | 0.15 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| 5. | ENRIN | 3483.60 | 0.00 | 124058.14 | 0.11 | 4409.00 | 1578.34 | 24856.00 | 1292.81 | 40.19 | 23.56 |
| 6. | GVT&D | 4119.00 | 564.77 | 105465.57 | 0.24 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| 7. | HAVELLS | 1278.00 | 49.11 | 80202.38 | 0.78 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| 8. | WAAREEENER | 2688.00 | 20.26 | 77320.68 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 34.71 | 18.15 |
| 9. | APARINDS | 16607.65 | 58.86 | 69540.11 | 0.36 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 33.47 | 11.50 |
| 10. | SUZLON | 46.78 | 20.45 | 64302.09 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| 11. | SCHNEIDER | 1254.75 | 0.00 | 30001.58 | 0.00 | 124.40 | 201.65 | 6513.60 | 947.83 | 31.01 | 5.23 |
| 12. | TDPOWERSYS | 1545.45 | 87.80 | 24144.32 | 0.14 | 86.29 | 72.33 | 640.05 | 72.10 | 34.01 | 19.00 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 220 | 274 | 243 | 264 | 274 | 306 | 350 | 348 | 372 | 452 | 443 | 589 | 640 | |
| 182 | 227 | 203 | 222 | 225 | 251 | 289 | 283 | 303 | 370 | 362 | 491 | 526 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 4 | 3 | 5 | 5 | 3 | 6 | 4 | 11 | 4 | 5 | 4 | 8 | 3 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 7 | 7 |
| 37 | 45 | 40 | 41 | 46 | 56 | 60 | 70 | 67 | 82 | 78 | 99 | 117 | |
| Tax % | 28.19% | 26.54% | 24.69% | 28.84% | 22.78% | 26.26% | 24.55% | 24.62% | 25.70% | 26.44% | 27.99% | 26.86% | 26.18% |
| Net Profit | 0 | 0 | 0 | 0 | 35 | 41 | 45 | 53 | 50 | 60 | 56 | 72 | 86 |
| 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 1 | |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 220
- 182
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 5
- 37
- Tax %
- 28.19%
- Net Profit
- 0
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 274
- 227
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 5
- 45
- Tax %
- 26.54%
- Net Profit
- 0
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 243
- 203
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 5
- 40
- Tax %
- 24.69%
- Net Profit
- 0
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 264
- 222
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 5
- 41
- Tax %
- 28.84%
- Net Profit
- 0
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 274
- 225
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 5
- 46
- Tax %
- 22.78%
- Net Profit
- 35
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 306
- 251
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 5
- 56
- Tax %
- 26.26%
- Net Profit
- 41
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 350
- 289
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 5
- 60
- Tax %
- 24.55%
- Net Profit
- 45
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 348
- 283
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 0
- Depreciation
- 5
- 70
- Tax %
- 24.62%
- Net Profit
- 53
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 372
- 303
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 5
- 67
- Tax %
- 25.70%
- Net Profit
- 50
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 452
- 370
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 1
- Depreciation
- 5
- 82
- Tax %
- 26.44%
- Net Profit
- 60
- 4
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 443
- 362
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 1
- Depreciation
- 6
- 78
- Tax %
- 27.99%
- Net Profit
- 56
- 4
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 589
- 491
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 0
- Depreciation
- 7
- 99
- Tax %
- 26.86%
- Net Profit
- 72
- 5
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 640
- 526
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 7
- 117
- Tax %
- 26.18%
- Net Profit
- 86
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 380 | 435 | 459 | 515 | 594 | 797 | 872 | 1,001 | 1,279 | 1,856 | 2,124 | |
| 369 | 424 | 429 | 477 | 523 | 701 | 739 | 830 | 1,043 | 1,521 | 1,749 | |
| Operating Profit | 31 | 26 | 39 | 51 | 80 | 114 | 153 | 187 | 259 | 357 | — |
| OPM % | 8 | 6 | 9 | 10 | 14 | 14 | 18 | 19 | 20 | 19 | — |
| Other Income | 20 | 16 | 9 | 13 | 9 | 17 | 20 | 16 | 24 | 21 | 20 |
| Interest | 6 | 9 | 6 | 10 | 9 | 7 | 4 | 4 | 8 | 8 | 2 |
| Depreciation | 28 | 27 | 26 | 22 | 21 | 22 | 21 | 21 | 20 | 23 | 25 |
| -4 | -10 | 7 | 33 | 56 | 92 | 130 | 162 | 232 | 326 | 376 | |
| Tax % | -24 | -51 | 57 | 9 | 20 | 23 | 25 | 27 | 25 | 27 | 27 |
| Net Profit | -4 | -14 | 3 | 30 | 45 | 70 | 97 | 118 | 175 | 239 | 275 |
| EPS | 0 | 0 | 0 | 0 | 15 | 5 | 6 | 8 | 11 | 15 | — |
| Dividend Payout % | -135 | -41 | 194 | 23 | 17 | 15 | 16 | 15 | 11 | 14 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | -1 | 0 | 2 | 3 | 5 | 6 | 8 | 11 | 15 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | -1 | 0 | 2 | 3 | 5 | 6 | 8 | 11 | 15 | — |
Mar 2017
- 380
- 369
- Operating Profit
- 31
- OPM %
- 8
- Other Income
- 20
- Interest
- 6
- Depreciation
- 28
- -4
- Tax %
- -24
- Net Profit
- -4
- EPS
- 0
- Dividend Payout %
- -135
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2018
- 435
- 424
- Operating Profit
- 26
- OPM %
- 6
- Other Income
- 16
- Interest
- 9
- Depreciation
- 27
- -10
- Tax %
- -51
- Net Profit
- -14
- EPS
- 0
- Dividend Payout %
- -41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2019
- 459
- 429
- Operating Profit
- 39
- OPM %
- 9
- Other Income
- 9
- Interest
- 6
- Depreciation
- 26
- 7
- Tax %
- 57
- Net Profit
- 3
- EPS
- 0
- Dividend Payout %
- 194
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 515
- 477
- Operating Profit
- 51
- OPM %
- 10
- Other Income
- 13
- Interest
- 10
- Depreciation
- 22
- 33
- Tax %
- 9
- Net Profit
- 30
- EPS
- 0
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2021
- 594
- 523
- Operating Profit
- 80
- OPM %
- 14
- Other Income
- 9
- Interest
- 9
- Depreciation
- 21
- 56
- Tax %
- 20
- Net Profit
- 45
- EPS
- 15
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2022
- 797
- 701
- Operating Profit
- 114
- OPM %
- 14
- Other Income
- 17
- Interest
- 7
- Depreciation
- 22
- 92
- Tax %
- 23
- Net Profit
- 70
- EPS
- 5
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2023
- 872
- 739
- Operating Profit
- 153
- OPM %
- 18
- Other Income
- 20
- Interest
- 4
- Depreciation
- 21
- 130
- Tax %
- 25
- Net Profit
- 97
- EPS
- 6
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2024
- 1,001
- 830
- Operating Profit
- 187
- OPM %
- 19
- Other Income
- 16
- Interest
- 4
- Depreciation
- 21
- 162
- Tax %
- 27
- Net Profit
- 118
- EPS
- 8
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2025
- 1,279
- 1,043
- Operating Profit
- 259
- OPM %
- 20
- Other Income
- 24
- Interest
- 8
- Depreciation
- 20
- 232
- Tax %
- 25
- Net Profit
- 175
- EPS
- 11
- Dividend Payout %
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2026
- 1,856
- 1,521
- Operating Profit
- 357
- OPM %
- 19
- Other Income
- 21
- Interest
- 8
- Depreciation
- 23
- 326
- Tax %
- 27
- Net Profit
- 239
- EPS
- 15
- Dividend Payout %
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
TTM
- 2,124
- 1,749
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 2
- Depreciation
- 25
- 376
- Tax %
- 27
- Net Profit
- 275
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 14%
- 5 Years:
- 26%
- 3 Years:
- 29%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 39%
- 3 Years:
- 35%
STOCK PRICE CAGR
- 10 Years:
- 44%
- 5 Years:
- 100%
- 3 Years:
- 80%
- 1 Year:
- 194%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 19%
- 3 Years:
- 22%
- Last Year:
- 25%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 33 | 33 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| 437 | 416 | 385 | 399 | 441 | 496 | 573 | 674 | 828 | 1,039 | |
| 45 | 69 | 61 | 68 | 52 | 71 | 0 | 0 | 12 | 18 | |
| Trade Payables | 130 | 119 | 168 | 144 | 108 | 151 | 131 | 140 | 231 | 412 |
| 103 | 71 | 103 | 116 | 153 | 157 | 168 | 193 | 261 | 376 | |
| Total Liabilities | 749 | 708 | 748 | 757 | 785 | 907 | 903 | 1,038 | 1,364 | 1,877 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 233 | 213 | 198 | 180 | 174 | 166 | 163 | 186 | 207 | 294 | |
| Capital Work in Progress | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | 17 | 17 |
| 0 | 0 | 10 | 20 | 20 | 20 | 20 | 10 | 0 | 0 | |
| 80 | 82 | 113 | 144 | 189 | 209 | 199 | 250 | 377 | 503 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 307 | 437 | 742 | |
| Cash & Bank | 108 | 95 | 128 | 158 | 164 | 161 | 169 | 211 | 199 | 199 |
| 327 | 318 | 299 | 254 | 238 | 349 | 352 | 73 | 127 | 122 | |
| Total Assets | 749 | 708 | 748 | 757 | 785 | 907 | 903 | 1,038 | 1,364 | 1,877 |
| Total Debt | 45 | 69 | 61 | 68 | 52 | 71 | 0 | 0 | 12 | 18 |
| Net Working Capital | 120 | 154 | 203 | 215 | 268 | 332 | 409 | 496 | 620 | 755 |
| Contingent Liabilities | 67 | 115 | 111 | 137 | 139 | 154 | 148 | 135 | 148 | 158 |
| Book Value per Share | 141.57 | 135.21 | 134.00 | 139.14 | 152.49 | 169.51 | 38.71 | 45.13 | 55.02 | 68.51 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 45 | 69 | 61 | 68 | 52 | 71 | 0 | 0 | 12 | 18 |
| Net Working Capital | 120 | 154 | 203 | 215 | 268 | 332 | 409 | 496 | 620 | 755 |
| Contingent Liabilities | 67 | 115 | 111 | 137 | 139 | 154 | 148 | 135 | 148 | 158 |
| Book Value per Share | 141.57 | 135.21 | 134.00 | 139.14 | 152.49 | 169.51 | 38.71 | 45.13 | 55.02 | 68.51 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 33
- 437
- 45
- Trade Payables
- 130
- 103
- Total Liabilities
- 749
- 233
- Capital Work in Progress
- 0
- 0
- 80
- 0
- Cash & Bank
- 108
- 327
- Total Assets
- 749
- Total Debt
- 45
- Net Working Capital
- 120
- Contingent Liabilities
- 67
- Book Value per Share
- 141.57
- Face Value
- 10.00
- Total Debt
- 45
- Net Working Capital
- 120
- Contingent Liabilities
- 67
- Book Value per Share
- 141.57
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 33
- 416
- 69
- Trade Payables
- 119
- 71
- Total Liabilities
- 708
- 213
- Capital Work in Progress
- 0
- 0
- 82
- 0
- Cash & Bank
- 95
- 318
- Total Assets
- 708
- Total Debt
- 69
- Net Working Capital
- 154
- Contingent Liabilities
- 115
- Book Value per Share
- 135.21
- Face Value
- 10.00
- Total Debt
- 69
- Net Working Capital
- 154
- Contingent Liabilities
- 115
- Book Value per Share
- 135.21
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 31
- 385
- 61
- Trade Payables
- 168
- 103
- Total Liabilities
- 748
- 198
- Capital Work in Progress
- 1
- 10
- 113
- 0
- Cash & Bank
- 128
- 299
- Total Assets
- 748
- Total Debt
- 61
- Net Working Capital
- 203
- Contingent Liabilities
- 111
- Book Value per Share
- 134.00
- Face Value
- 10.00
- Total Debt
- 61
- Net Working Capital
- 203
- Contingent Liabilities
- 111
- Book Value per Share
- 134.00
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 31
- 399
- 68
- Trade Payables
- 144
- 116
- Total Liabilities
- 757
- 180
- Capital Work in Progress
- 1
- 20
- 144
- 0
- Cash & Bank
- 158
- 254
- Total Assets
- 757
- Total Debt
- 68
- Net Working Capital
- 215
- Contingent Liabilities
- 137
- Book Value per Share
- 139.14
- Face Value
- 10.00
- Total Debt
- 68
- Net Working Capital
- 215
- Contingent Liabilities
- 137
- Book Value per Share
- 139.14
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 31
- 441
- 52
- Trade Payables
- 108
- 153
- Total Liabilities
- 785
- 174
- Capital Work in Progress
- 0
- 20
- 189
- 0
- Cash & Bank
- 164
- 238
- Total Assets
- 785
- Total Debt
- 52
- Net Working Capital
- 268
- Contingent Liabilities
- 139
- Book Value per Share
- 152.49
- Face Value
- 10.00
- Total Debt
- 52
- Net Working Capital
- 268
- Contingent Liabilities
- 139
- Book Value per Share
- 152.49
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 31
- 496
- 71
- Trade Payables
- 151
- 157
- Total Liabilities
- 907
- 166
- Capital Work in Progress
- 1
- 20
- 209
- 0
- Cash & Bank
- 161
- 349
- Total Assets
- 907
- Total Debt
- 71
- Net Working Capital
- 332
- Contingent Liabilities
- 154
- Book Value per Share
- 169.51
- Face Value
- 10.00
- Total Debt
- 71
- Net Working Capital
- 332
- Contingent Liabilities
- 154
- Book Value per Share
- 169.51
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 31
- 573
- 0
- Trade Payables
- 131
- 168
- Total Liabilities
- 903
- 163
- Capital Work in Progress
- 0
- 20
- 199
- 0
- Cash & Bank
- 169
- 352
- Total Assets
- 903
- Total Debt
- 0
- Net Working Capital
- 409
- Contingent Liabilities
- 148
- Book Value per Share
- 38.71
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 409
- Contingent Liabilities
- 148
- Book Value per Share
- 38.71
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 31
- 674
- 0
- Trade Payables
- 140
- 193
- Total Liabilities
- 1,038
- 186
- Capital Work in Progress
- 1
- 10
- 250
- 307
- Cash & Bank
- 211
- 73
- Total Assets
- 1,038
- Total Debt
- 0
- Net Working Capital
- 496
- Contingent Liabilities
- 135
- Book Value per Share
- 45.13
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 496
- Contingent Liabilities
- 135
- Book Value per Share
- 45.13
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 31
- 828
- 12
- Trade Payables
- 231
- 261
- Total Liabilities
- 1,364
- 207
- Capital Work in Progress
- 17
- 0
- 377
- 437
- Cash & Bank
- 199
- 127
- Total Assets
- 1,364
- Total Debt
- 12
- Net Working Capital
- 620
- Contingent Liabilities
- 148
- Book Value per Share
- 55.02
- Face Value
- 2.00
- Total Debt
- 12
- Net Working Capital
- 620
- Contingent Liabilities
- 148
- Book Value per Share
- 55.02
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 31
- 1,039
- 18
- Trade Payables
- 412
- 376
- Total Liabilities
- 1,877
- 294
- Capital Work in Progress
- 17
- 0
- 503
- 742
- Cash & Bank
- 199
- 122
- Total Assets
- 1,877
- Total Debt
- 18
- Net Working Capital
- 755
- Contingent Liabilities
- 158
- Book Value per Share
- 68.51
- Face Value
- 2.00
- Total Debt
- 18
- Net Working Capital
- 755
- Contingent Liabilities
- 158
- Book Value per Share
- 68.51
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -20 | -3 | 48 | 56 | -3 | 11 | 89 | 84 | 40 | 129 | |
| Cash from Investing | 9 | 1 | -14 | 0 | -8 | -5 | -10 | -33 | -34 | -102 |
| Cash from Financing | 1 | 7 | -45 | -17 | -20 | 11 | -89 | -16 | -7 | -21 |
| -10 | 5 | -10 | 39 | -31 | 17 | -11 | 36 | -1 | 7 | |
| Free Cash Flow | -20 | -13 | 38 | 53 | -17 | -3 | 74 | 42 | -19 | 20 |
| OCF / Net Profit | 4.47 | 0.18 | 15.07 | 1.86 | -0.06 | 0.15 | 0.91 | 0.71 | 0.23 | 0.54 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 41 | 58 | 144 | 148 | 76 | 112 |
| OCF / Net Profit | 4.47 | 0.18 | 15.07 | 1.86 | -0.06 | 0.15 | 0.91 | 0.71 | 0.23 | 0.54 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 41 | 58 | 144 | 148 | 76 | 112 |
Mar 2017
- -20
- Cash from Investing
- 9
- Cash from Financing
- 1
- -10
- Free Cash Flow
- -20
- OCF / Net Profit
- 4.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.47
- Cumulative 5-Year FCF
- 0
Mar 2018
- -3
- Cash from Investing
- 1
- Cash from Financing
- 7
- 5
- Free Cash Flow
- -13
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- 0
Mar 2019
- 48
- Cash from Investing
- -14
- Cash from Financing
- -45
- -10
- Free Cash Flow
- 38
- OCF / Net Profit
- 15.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 15.07
- Cumulative 5-Year FCF
- 0
Mar 2020
- 56
- Cash from Investing
- 0
- Cash from Financing
- -17
- 39
- Free Cash Flow
- 53
- OCF / Net Profit
- 1.86
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.86
- Cumulative 5-Year FCF
- 0
Mar 2021
- -3
- Cash from Investing
- -8
- Cash from Financing
- -20
- -31
- Free Cash Flow
- -17
- OCF / Net Profit
- -0.06
- Cumulative 5-Year FCF
- 41
- OCF / Net Profit
- -0.06
- Cumulative 5-Year FCF
- 41
Mar 2022
- 11
- Cash from Investing
- -5
- Cash from Financing
- 11
- 17
- Free Cash Flow
- -3
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 58
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 58
Mar 2023
- 89
- Cash from Investing
- -10
- Cash from Financing
- -89
- -11
- Free Cash Flow
- 74
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 144
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 144
Mar 2024
- 84
- Cash from Investing
- -33
- Cash from Financing
- -16
- 36
- Free Cash Flow
- 42
- OCF / Net Profit
- 0.71
- Cumulative 5-Year FCF
- 148
- OCF / Net Profit
- 0.71
- Cumulative 5-Year FCF
- 148
Mar 2025
- 40
- Cash from Investing
- -34
- Cash from Financing
- -7
- -1
- Free Cash Flow
- -19
- OCF / Net Profit
- 0.23
- Cumulative 5-Year FCF
- 76
- OCF / Net Profit
- 0.23
- Cumulative 5-Year FCF
- 76
Mar 2026
- 129
- Cash from Investing
- -102
- Cash from Financing
- -21
- 7
- Free Cash Flow
- 20
- OCF / Net Profit
- 0.54
- Cumulative 5-Year FCF
- 112
- OCF / Net Profit
- 0.54
- Cumulative 5-Year FCF
- 112
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -1.33 | -4.34 | 1.03 | 9.68 | 14.61 | 22.66 | 6.20 | 7.58 | 11.18 | 15.29 |
| Book Value (₹) | 141.57 | 135.21 | 134.00 | 139.14 | 152.49 | 169.51 | 38.71 | 45.13 | 55.02 | 68.51 |
| Dividend per Share (₹) | 1.80 | 1.80 | 2.00 | 2.25 | 2.50 | 3.50 | 1.00 | 1.10 | 1.25 | 2.10 |
| Cash EPS (₹) | 1.41 | 0.76 | 1.88 | 3.37 | 4.31 | 5.95 | 7.53 | 8.93 | 12.44 | 16.76 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 6.88% | 5.39% | 7.32% | 8.52% | 11.21% | 12.55% | 15.09% | 14.80% | 14.21% | 14.61% |
| Net Margin % | -0.99% | -2.95% | 0.60% | 5.02% | 6.32% | 7.79% | 9.52% | 10.24% | 10.54% | 10.40% |
| ROE % | -0.94% | -3.14% | 0.74% | 7.08% | 10.02% | 14.11% | 17.11% | 18.08% | 22.32% | 24.75% |
| ROCE % | 0.57% | -0.15% | 2.66% | 8.79% | 12.97% | 17.69% | 22.29% | 25.37% | 30.34% | 34.01% |
| -0.57% | -1.98% | 0.44% | 3.98% | 5.86% | 8.33% | 10.70% | 12.19% | 14.54% | 14.74% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 129 | 129 | 141 | 123 | 85 | 81 | 92 | 91 | 82 | 94 |
| Inventory Days | 69 | 60 | 66 | 79 | 85 | 80 | 73 | 71 | 69 | 70 |
| Payable Days | 197 | 148 | 166 | 160 | 117 | 84 | 88 | 76 | 83 | 96 |
| 1 | 41 | 41 | 41 | 54 | 78 | 77 | 85 | 69 | 68 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.10x | 0.15x | 0.15x | 0.16x | 0.11x | 0.13x | 0.00x | 0.00x | 0.01x | 0.02x |
| Interest Coverage (x) | 0.45x | -0.09x | 2.30x | 4.33x | 7.05x | 14.01x | 29.83x | 42.31x | 31.05x | 43.91x |
| 1.46x | 1.63x | 1.64x | 1.67x | 1.88x | 1.90x | 2.41x | 2.52x | 2.26x | 1.95x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -25.03% | 14.46% | 5.55% | 12.17% | 15.28% | 34.34% | 9.39% | 14.70% | 27.81% | 45.16% |
| Operating Profit Growth % | 6.16% | -14.24% | 48.84% | 29.47% | 57.83% | 41.76% | 35.02% | 22.04% | 38.37% | 37.69% |
| Net Profit Growth % | 51.81% | -225.86% | 122.17% | 835.99% | 51.00% | 55.95% | 37.33% | 22.25% | 47.51% | 36.77% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.15% | 47.50% | 36.75% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 39.09x | 36.74x | 55.67x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.56x | 7.46x | 12.42x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 0.30% | 0.25% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.58x | 24.04x | 36.76x |
Mar 2017
- EPS (₹)
- -1.33
- Book Value (₹)
- 141.57
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 1.41
- Operating Margin %
- 6.88%
- Net Margin %
- -0.99%
- ROE %
- -0.94%
- ROCE %
- 0.57%
- -0.57%
- Debtor Days
- 129
- Inventory Days
- 69
- Payable Days
- 197
- 1
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 0.45x
- 1.46x
- Revenue Growth %
- -25.03%
- Operating Profit Growth %
- 6.16%
- Net Profit Growth %
- 51.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -4.34
- Book Value (₹)
- 135.21
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 0.76
- Operating Margin %
- 5.39%
- Net Margin %
- -2.95%
- ROE %
- -3.14%
- ROCE %
- -0.15%
- -1.98%
- Debtor Days
- 129
- Inventory Days
- 60
- Payable Days
- 148
- 41
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- -0.09x
- 1.63x
- Revenue Growth %
- 14.46%
- Operating Profit Growth %
- -14.24%
- Net Profit Growth %
- -225.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 1.03
- Book Value (₹)
- 134.00
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 1.88
- Operating Margin %
- 7.32%
- Net Margin %
- 0.60%
- ROE %
- 0.74%
- ROCE %
- 2.66%
- 0.44%
- Debtor Days
- 141
- Inventory Days
- 66
- Payable Days
- 166
- 41
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 2.30x
- 1.64x
- Revenue Growth %
- 5.55%
- Operating Profit Growth %
- 48.84%
- Net Profit Growth %
- 122.17%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 9.68
- Book Value (₹)
- 139.14
- Dividend per Share (₹)
- 2.25
- Cash EPS (₹)
- 3.37
- Operating Margin %
- 8.52%
- Net Margin %
- 5.02%
- ROE %
- 7.08%
- ROCE %
- 8.79%
- 3.98%
- Debtor Days
- 123
- Inventory Days
- 79
- Payable Days
- 160
- 41
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 4.33x
- 1.67x
- Revenue Growth %
- 12.17%
- Operating Profit Growth %
- 29.47%
- Net Profit Growth %
- 835.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 14.61
- Book Value (₹)
- 152.49
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 4.31
- Operating Margin %
- 11.21%
- Net Margin %
- 6.32%
- ROE %
- 10.02%
- ROCE %
- 12.97%
- 5.86%
- Debtor Days
- 85
- Inventory Days
- 85
- Payable Days
- 117
- 54
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 7.05x
- 1.88x
- Revenue Growth %
- 15.28%
- Operating Profit Growth %
- 57.83%
- Net Profit Growth %
- 51.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 22.66
- Book Value (₹)
- 169.51
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 5.95
- Operating Margin %
- 12.55%
- Net Margin %
- 7.79%
- ROE %
- 14.11%
- ROCE %
- 17.69%
- 8.33%
- Debtor Days
- 81
- Inventory Days
- 80
- Payable Days
- 84
- 78
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 14.01x
- 1.90x
- Revenue Growth %
- 34.34%
- Operating Profit Growth %
- 41.76%
- Net Profit Growth %
- 55.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 6.20
- Book Value (₹)
- 38.71
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 7.53
- Operating Margin %
- 15.09%
- Net Margin %
- 9.52%
- ROE %
- 17.11%
- ROCE %
- 22.29%
- 10.70%
- Debtor Days
- 92
- Inventory Days
- 73
- Payable Days
- 88
- 77
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 29.83x
- 2.41x
- Revenue Growth %
- 9.39%
- Operating Profit Growth %
- 35.02%
- Net Profit Growth %
- 37.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 7.58
- Book Value (₹)
- 45.13
- Dividend per Share (₹)
- 1.10
- Cash EPS (₹)
- 8.93
- Operating Margin %
- 14.80%
- Net Margin %
- 10.24%
- ROE %
- 18.08%
- ROCE %
- 25.37%
- 12.19%
- Debtor Days
- 91
- Inventory Days
- 71
- Payable Days
- 76
- 85
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 42.31x
- 2.52x
- Revenue Growth %
- 14.70%
- Operating Profit Growth %
- 22.04%
- Net Profit Growth %
- 22.25%
- 22.15%
- P/E (x)
- 39.09x
- P/B (x)
- 6.56x
- Dividend Yield %
- 0.37%
- 23.58x
Mar 2025
- EPS (₹)
- 11.18
- Book Value (₹)
- 55.02
- Dividend per Share (₹)
- 1.25
- Cash EPS (₹)
- 12.44
- Operating Margin %
- 14.21%
- Net Margin %
- 10.54%
- ROE %
- 22.32%
- ROCE %
- 30.34%
- 14.54%
- Debtor Days
- 82
- Inventory Days
- 69
- Payable Days
- 83
- 69
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 31.05x
- 2.26x
- Revenue Growth %
- 27.81%
- Operating Profit Growth %
- 38.37%
- Net Profit Growth %
- 47.51%
- 47.50%
- P/E (x)
- 36.74x
- P/B (x)
- 7.46x
- Dividend Yield %
- 0.30%
- 24.04x
Mar 2026
- EPS (₹)
- 15.29
- Book Value (₹)
- 68.51
- Dividend per Share (₹)
- 2.10
- Cash EPS (₹)
- 16.76
- Operating Margin %
- 14.61%
- Net Margin %
- 10.40%
- ROE %
- 24.75%
- ROCE %
- 34.01%
- 14.74%
- Debtor Days
- 94
- Inventory Days
- 70
- Payable Days
- 96
- 68
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 43.91x
- 1.95x
- Revenue Growth %
- 45.16%
- Operating Profit Growth %
- 37.69%
- Net Profit Growth %
- 36.77%
- 36.75%
- P/E (x)
- 55.67x
- P/B (x)
- 12.42x
- Dividend Yield %
- 0.25%
- 36.76x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-18 - TD Power Systems Limited has informed the Exchange about Copy of Newspaper Publication
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-18 - TD Power Systems Limited has informed the Exchange about Transcript for the quarter ended June 30, 2026.
Annual Reports
Credit Ratings
- Credit Rating- Revision
2026-06-23 - TD Power Systems Limited has informed the Exchange about Credit Rating- Revision
Concalls
Aug 2026
May 2026
Feb 2026