TD Power Systems Ltd.
•₹ 1,534.81.81%
2026-08-21
PROS
- Company has delivered good profit growth of 65.4% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 28.7%
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.8%
- Latest quarter profit grew 80.6% YoY, showing strong momentum
- Company has delivered good sales growth of 28.0% CAGR over last 5 years
CONS
- Promoter holding has decreased over last 2 years: -7.4pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.39x)
- Total debt has risen sharply - up 48.2% year on year
- Stock is trading at 12.9x its book value
- Recurring exceptional / one-off items are inflating headline profit
* 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 | 7470.00 | 52.98 | 158295.56 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| 2. | POWERINDIA | 33560.00 | 0.00 | 149584.85 | 0.02 | 294.15 | 123.52 | 2493.69 | 74.46 | 28.73 | 14.58 |
| 3. | SIEMENS | 3899.95 | 42.40 | 138885.22 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| 4. | CGPOWER | 875.00 | 110.28 | 137851.88 | 0.15 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| 5. | ENRIN | 3436.60 | 0.00 | 122384.37 | 0.12 | 4409.00 | 1578.34 | 24856.00 | 1292.81 | 40.19 | 23.56 |
| 6. | GVT&D | 4055.00 | 555.99 | 103826.87 | 0.25 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| 7. | HAVELLS | 1273.00 | 48.91 | 79888.60 | 0.79 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| 8. | WAAREEENER | 2684.00 | 20.23 | 77205.62 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 34.71 | 18.15 |
| 9. | APARINDS | 16764.90 | 59.41 | 70198.55 | 0.36 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 33.47 | 11.50 |
| 10. | SUZLON | 47.05 | 20.57 | 64673.22 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| 11. | SCHNEIDER | 1241.90 | 0.00 | 29694.33 | 0.00 | 124.40 | 201.65 | 6513.60 | 947.83 | 31.01 | 5.23 |
| 12. | TDPOWERSYS | 1508.50 | 85.70 | 23567.06 | 0.14 | 86.29 | 72.33 | 640.05 | 72.10 | 34.01 | 19.00 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 230 | 255 | 230 | 268 | 264 | 304 | 321 | 376 | 358 | 396 | 429 | 534 | 628 | |
| 192 | 211 | 194 | 223 | 218 | 250 | 269 | 317 | 293 | 327 | 352 | 444 | 514 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 6 | 2 | 7 | 8 | 3 | 6 | 4 | 10 | 5 | 5 | 3 | 7 | 2 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Depreciation | 5 | 5 | 5 | 5 | 4 | 5 | 5 | 5 | 5 | 5 | 6 | 7 | 7 |
| 39 | 42 | 38 | 47 | 43 | 55 | 51 | 61 | 64 | 69 | 74 | 87 | 117 | |
| Tax % | 25.20% | 25.57% | 25.26% | 25.61% | 24.86% | 26.64% | 26.53% | 27.53% | 25.44% | 26.10% | 25.34% | 28.24% | 25.88% |
| Net Profit | 30 | 31 | 29 | 35 | 32 | 41 | 37 | 44 | 48 | 51 | 55 | 63 | 86 |
| 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 3 | 4 | 4 | 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
- 230
- 192
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 5
- 39
- Tax %
- 25.20%
- Net Profit
- 30
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 255
- 211
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 5
- 42
- Tax %
- 25.57%
- Net Profit
- 31
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 230
- 194
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 5
- 38
- Tax %
- 25.26%
- Net Profit
- 29
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 268
- 223
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 0
- Depreciation
- 5
- 47
- Tax %
- 25.61%
- Net Profit
- 35
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 264
- 218
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 4
- 43
- Tax %
- 24.86%
- Net Profit
- 32
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 304
- 250
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 5
- 55
- Tax %
- 26.64%
- Net Profit
- 41
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 321
- 269
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 5
- 51
- Tax %
- 26.53%
- Net Profit
- 37
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 376
- 317
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 0
- Depreciation
- 5
- 61
- Tax %
- 27.53%
- Net Profit
- 44
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 358
- 293
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 5
- 64
- Tax %
- 25.44%
- Net Profit
- 48
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 396
- 327
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 1
- Depreciation
- 5
- 69
- Tax %
- 26.10%
- Net Profit
- 51
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 429
- 352
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 6
- 74
- Tax %
- 25.34%
- Net Profit
- 55
- 4
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 534
- 444
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 7
- 87
- Tax %
- 28.24%
- Net Profit
- 63
- 4
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 628
- 514
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 7
- 117
- Tax %
- 25.88%
- Net Profit
- 86
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 369 | 432 | 445 | 479 | 499 | 719 | 821 | 984 | 1,265 | 1,717 | 1,987 | |
| 352 | 418 | 413 | 446 | 459 | 635 | 700 | 817 | 1,050 | 1,410 | 1,636 | |
| Operating Profit | 35 | 31 | 43 | 48 | 53 | 102 | 144 | 190 | 238 | 326 | — |
| OPM % | 9 | 7 | 10 | 10 | 11 | 14 | 18 | 19 | 19 | 19 | — |
| Other Income | 18 | 16 | 11 | 15 | 13 | 18 | 22 | 24 | 23 | 20 | 18 |
| Interest | 6 | 9 | 6 | 9 | 9 | 7 | 4 | 4 | 7 | 7 | 2 |
| Depreciation | 28 | 27 | 26 | 22 | 21 | 21 | 20 | 20 | 19 | 22 | 24 |
| 1 | 17 | 11 | 19 | 24 | 74 | 119 | 167 | 209 | 294 | 347 | |
| Tax % | 64 | 28 | 38 | 12 | 26 | 26 | 26 | 25 | 27 | 26 | 26 |
| Net Profit | 0 | 12 | 7 | 16 | 17 | 54 | 88 | 124 | 154 | 216 | 255 |
| EPS | 0 | 0 | 0 | 0 | 6 | 4 | 6 | 8 | 10 | 14 | — |
| Dividend Payout % | 1,490 | 48 | 88 | 42 | 44 | 20 | 18 | 14 | 13 | 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 | 1 | 1 | 3 | 6 | 8 | 10 | 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 | 1 | 1 | 3 | 6 | 8 | 10 | 14 | — |
Mar 2017
- 369
- 352
- Operating Profit
- 35
- OPM %
- 9
- Other Income
- 18
- Interest
- 6
- Depreciation
- 28
- 1
- Tax %
- 64
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 1,490
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 432
- 418
- Operating Profit
- 31
- OPM %
- 7
- Other Income
- 16
- Interest
- 9
- Depreciation
- 27
- 17
- Tax %
- 28
- Net Profit
- 12
- EPS
- 0
- Dividend Payout %
- 48
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 445
- 413
- Operating Profit
- 43
- OPM %
- 10
- Other Income
- 11
- Interest
- 6
- Depreciation
- 26
- 11
- Tax %
- 38
- Net Profit
- 7
- EPS
- 0
- Dividend Payout %
- 88
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 479
- 446
- Operating Profit
- 48
- OPM %
- 10
- Other Income
- 15
- Interest
- 9
- Depreciation
- 22
- 19
- Tax %
- 12
- Net Profit
- 16
- EPS
- 0
- Dividend Payout %
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2021
- 499
- 459
- Operating Profit
- 53
- OPM %
- 11
- Other Income
- 13
- Interest
- 9
- Depreciation
- 21
- 24
- Tax %
- 26
- Net Profit
- 17
- EPS
- 6
- Dividend Payout %
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 719
- 635
- Operating Profit
- 102
- OPM %
- 14
- Other Income
- 18
- Interest
- 7
- Depreciation
- 21
- 74
- Tax %
- 26
- Net Profit
- 54
- EPS
- 4
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2023
- 821
- 700
- Operating Profit
- 144
- OPM %
- 18
- Other Income
- 22
- Interest
- 4
- Depreciation
- 20
- 119
- Tax %
- 26
- Net Profit
- 88
- EPS
- 6
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2024
- 984
- 817
- Operating Profit
- 190
- OPM %
- 19
- Other Income
- 24
- Interest
- 4
- Depreciation
- 20
- 167
- Tax %
- 25
- Net Profit
- 124
- EPS
- 8
- Dividend Payout %
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2025
- 1,265
- 1,050
- Operating Profit
- 238
- OPM %
- 19
- Other Income
- 23
- Interest
- 7
- Depreciation
- 19
- 209
- Tax %
- 27
- Net Profit
- 154
- EPS
- 10
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2026
- 1,717
- 1,410
- Operating Profit
- 326
- OPM %
- 19
- Other Income
- 20
- Interest
- 7
- Depreciation
- 22
- 294
- Tax %
- 26
- Net Profit
- 216
- EPS
- 14
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
TTM
- 1,987
- 1,636
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 2
- Depreciation
- 24
- 347
- Tax %
- 26
- Net Profit
- 255
- 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:
- 28%
- 3 Years:
- 28%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 31%
- 5 Years:
- 65%
- 3 Years:
- 35%
STOCK PRICE CAGR
- 10 Years:
- 44%
- 5 Years:
- 100%
- 3 Years:
- 81%
- 1 Year:
- 199%
RETURN ON EQUITY
- 10 Years:
- 10%
- 5 Years:
- 18%
- 3 Years:
- 21%
- Last Year:
- 23%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 448 | 454 | 426 | 429 | 445 | 492 | 562 | 669 | 804 | 996 | |
| 45 | 69 | 61 | 68 | 52 | 71 | 0 | 0 | 12 | 18 | |
| Trade Payables | 103 | 98 | 127 | 133 | 102 | 147 | 125 | 139 | 230 | 386 |
| 103 | 64 | 88 | 89 | 130 | 143 | 152 | 173 | 235 | 340 | |
| Total Liabilities | 734 | 717 | 734 | 749 | 759 | 883 | 870 | 1,012 | 1,312 | 1,772 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 233 | 213 | 197 | 176 | 170 | 160 | 158 | 181 | 202 | 289 | |
| Capital Work in Progress | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | 17 | 17 |
| 15 | 17 | 28 | 38 | 38 | 38 | 36 | 27 | 14 | 11 | |
| 80 | 81 | 98 | 126 | 146 | 192 | 191 | 238 | 331 | 497 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 310 | 484 | 709 | |
| Cash & Bank | 91 | 85 | 119 | 140 | 155 | 144 | 152 | 190 | 148 | 136 |
| 315 | 322 | 291 | 268 | 251 | 349 | 333 | 66 | 117 | 113 | |
| Total Assets | 734 | 717 | 734 | 749 | 759 | 883 | 870 | 1,012 | 1,312 | 1,772 |
| Total Debt | 45 | 69 | 61 | 68 | 52 | 71 | 0 | 0 | 12 | 18 |
| Net Working Capital | 119 | 167 | 215 | 218 | 248 | 306 | 379 | 476 | 588 | 706 |
| Contingent Liabilities | 40 | 115 | 111 | 137 | 138 | 154 | 148 | 135 | 148 | 158 |
| Book Value per Share | 144.86 | 146.45 | 147.36 | 148.67 | 153.70 | 168.06 | 38.03 | 44.87 | 53.46 | 65.76 |
| 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 | 119 | 167 | 215 | 218 | 248 | 306 | 379 | 476 | 588 | 706 |
| Contingent Liabilities | 40 | 115 | 111 | 137 | 138 | 154 | 148 | 135 | 148 | 158 |
| Book Value per Share | 144.86 | 146.45 | 147.36 | 148.67 | 153.70 | 168.06 | 38.03 | 44.87 | 53.46 | 65.76 |
| 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
- 448
- 45
- Trade Payables
- 103
- 103
- Total Liabilities
- 734
- 233
- Capital Work in Progress
- 0
- 15
- 80
- 0
- Cash & Bank
- 91
- 315
- Total Assets
- 734
- Total Debt
- 45
- Net Working Capital
- 119
- Contingent Liabilities
- 40
- Book Value per Share
- 144.86
- Face Value
- 10.00
- Total Debt
- 45
- Net Working Capital
- 119
- Contingent Liabilities
- 40
- Book Value per Share
- 144.86
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 33
- 454
- 69
- Trade Payables
- 98
- 64
- Total Liabilities
- 717
- 213
- Capital Work in Progress
- 0
- 17
- 81
- 0
- Cash & Bank
- 85
- 322
- Total Assets
- 717
- Total Debt
- 69
- Net Working Capital
- 167
- Contingent Liabilities
- 115
- Book Value per Share
- 146.45
- Face Value
- 10.00
- Total Debt
- 69
- Net Working Capital
- 167
- Contingent Liabilities
- 115
- Book Value per Share
- 146.45
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 31
- 426
- 61
- Trade Payables
- 127
- 88
- Total Liabilities
- 734
- 197
- Capital Work in Progress
- 1
- 28
- 98
- 0
- Cash & Bank
- 119
- 291
- Total Assets
- 734
- Total Debt
- 61
- Net Working Capital
- 215
- Contingent Liabilities
- 111
- Book Value per Share
- 147.36
- Face Value
- 10.00
- Total Debt
- 61
- Net Working Capital
- 215
- Contingent Liabilities
- 111
- Book Value per Share
- 147.36
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 31
- 429
- 68
- Trade Payables
- 133
- 89
- Total Liabilities
- 749
- 176
- Capital Work in Progress
- 1
- 38
- 126
- 0
- Cash & Bank
- 140
- 268
- Total Assets
- 749
- Total Debt
- 68
- Net Working Capital
- 218
- Contingent Liabilities
- 137
- Book Value per Share
- 148.67
- Face Value
- 10.00
- Total Debt
- 68
- Net Working Capital
- 218
- Contingent Liabilities
- 137
- Book Value per Share
- 148.67
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 31
- 445
- 52
- Trade Payables
- 102
- 130
- Total Liabilities
- 759
- 170
- Capital Work in Progress
- 0
- 38
- 146
- 0
- Cash & Bank
- 155
- 251
- Total Assets
- 759
- Total Debt
- 52
- Net Working Capital
- 248
- Contingent Liabilities
- 138
- Book Value per Share
- 153.70
- Face Value
- 10.00
- Total Debt
- 52
- Net Working Capital
- 248
- Contingent Liabilities
- 138
- Book Value per Share
- 153.70
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 31
- 492
- 71
- Trade Payables
- 147
- 143
- Total Liabilities
- 883
- 160
- Capital Work in Progress
- 1
- 38
- 192
- 0
- Cash & Bank
- 144
- 349
- Total Assets
- 883
- Total Debt
- 71
- Net Working Capital
- 306
- Contingent Liabilities
- 154
- Book Value per Share
- 168.06
- Face Value
- 10.00
- Total Debt
- 71
- Net Working Capital
- 306
- Contingent Liabilities
- 154
- Book Value per Share
- 168.06
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 31
- 562
- 0
- Trade Payables
- 125
- 152
- Total Liabilities
- 870
- 158
- Capital Work in Progress
- 0
- 36
- 191
- 0
- Cash & Bank
- 152
- 333
- Total Assets
- 870
- Total Debt
- 0
- Net Working Capital
- 379
- Contingent Liabilities
- 148
- Book Value per Share
- 38.03
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 379
- Contingent Liabilities
- 148
- Book Value per Share
- 38.03
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 31
- 669
- 0
- Trade Payables
- 139
- 173
- Total Liabilities
- 1,012
- 181
- Capital Work in Progress
- 1
- 27
- 238
- 310
- Cash & Bank
- 190
- 66
- Total Assets
- 1,012
- Total Debt
- 0
- Net Working Capital
- 476
- Contingent Liabilities
- 135
- Book Value per Share
- 44.87
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 476
- Contingent Liabilities
- 135
- Book Value per Share
- 44.87
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 31
- 804
- 12
- Trade Payables
- 230
- 235
- Total Liabilities
- 1,312
- 202
- Capital Work in Progress
- 17
- 14
- 331
- 484
- Cash & Bank
- 148
- 117
- Total Assets
- 1,312
- Total Debt
- 12
- Net Working Capital
- 588
- Contingent Liabilities
- 148
- Book Value per Share
- 53.46
- Face Value
- 2.00
- Total Debt
- 12
- Net Working Capital
- 588
- Contingent Liabilities
- 148
- Book Value per Share
- 53.46
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 31
- 996
- 18
- Trade Payables
- 386
- 340
- Total Liabilities
- 1,772
- 289
- Capital Work in Progress
- 17
- 11
- 497
- 709
- Cash & Bank
- 136
- 113
- Total Assets
- 1,772
- Total Debt
- 18
- Net Working Capital
- 706
- Contingent Liabilities
- 158
- Book Value per Share
- 65.76
- Face Value
- 2.00
- Total Debt
- 18
- Net Working Capital
- 706
- Contingent Liabilities
- 158
- Book Value per Share
- 65.76
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -32 | 10 | 54 | 42 | -0 | -9 | 82 | 71 | 6 | 115 | |
| Cash from Investing | 12 | -3 | -17 | 6 | -6 | -1 | -7 | -25 | -30 | -102 |
| Cash from Financing | 1 | 6 | -45 | -17 | -20 | 11 | -89 | -16 | -7 | -21 |
| -18 | 13 | -9 | 31 | -26 | 0 | -14 | 30 | -31 | -8 | |
| Free Cash Flow | -32 | -0 | 44 | 42 | -13 | -21 | 67 | 28 | -48 | 6 |
| OCF / Net Profit | -78.74 | 0.84 | 7.58 | 2.56 | -0.02 | -0.17 | 0.93 | 0.57 | 0.04 | 0.53 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 41 | 52 | 119 | 103 | 12 | 31 |
| OCF / Net Profit | -78.74 | 0.84 | 7.58 | 2.56 | -0.02 | -0.17 | 0.93 | 0.57 | 0.04 | 0.53 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 41 | 52 | 119 | 103 | 12 | 31 |
Mar 2017
- -32
- Cash from Investing
- 12
- Cash from Financing
- 1
- -18
- Free Cash Flow
- -32
- OCF / Net Profit
- -78.74
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -78.74
- Cumulative 5-Year FCF
- 0
Mar 2018
- 10
- Cash from Investing
- -3
- Cash from Financing
- 6
- 13
- Free Cash Flow
- -0
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
Mar 2019
- 54
- Cash from Investing
- -17
- Cash from Financing
- -45
- -9
- Free Cash Flow
- 44
- OCF / Net Profit
- 7.58
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.58
- Cumulative 5-Year FCF
- 0
Mar 2020
- 42
- Cash from Investing
- 6
- Cash from Financing
- -17
- 31
- Free Cash Flow
- 42
- OCF / Net Profit
- 2.56
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.56
- Cumulative 5-Year FCF
- 0
Mar 2021
- -0
- Cash from Investing
- -6
- Cash from Financing
- -20
- -26
- Free Cash Flow
- -13
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- 41
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- 41
Mar 2022
- -9
- Cash from Investing
- -1
- Cash from Financing
- 11
- 0
- Free Cash Flow
- -21
- OCF / Net Profit
- -0.17
- Cumulative 5-Year FCF
- 52
- OCF / Net Profit
- -0.17
- Cumulative 5-Year FCF
- 52
Mar 2023
- 82
- Cash from Investing
- -7
- Cash from Financing
- -89
- -14
- Free Cash Flow
- 67
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 119
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 119
Mar 2024
- 71
- Cash from Investing
- -25
- Cash from Financing
- -16
- 30
- Free Cash Flow
- 28
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- 103
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- 103
Mar 2025
- 6
- Cash from Investing
- -30
- Cash from Financing
- -7
- -31
- Free Cash Flow
- -48
- OCF / Net Profit
- 0.04
- Cumulative 5-Year FCF
- 12
- OCF / Net Profit
- 0.04
- Cumulative 5-Year FCF
- 12
Mar 2026
- 115
- Cash from Investing
- -102
- Cash from Financing
- -21
- -8
- Free Cash Flow
- 6
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 31
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 31
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.12 | 3.73 | 2.28 | 5.31 | 5.65 | 17.45 | 5.67 | 7.95 | 9.84 | 13.86 |
| Book Value (₹) | 144.86 | 146.45 | 147.36 | 148.67 | 153.70 | 168.06 | 38.03 | 44.87 | 53.46 | 65.76 |
| 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 (₹) | 1.69 | 2.37 | 2.13 | 2.49 | 2.49 | 4.85 | 6.93 | 9.25 | 11.05 | 15.27 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 8.40% | 6.78% | 9.50% | 9.80% | 10.54% | 14.08% | 16.94% | 16.76% | 16.81% | 17.70% |
| Net Margin % | 0.10% | 2.74% | 1.57% | 3.38% | 3.46% | 7.52% | 10.42% | 12.47% | 12.00% | 12.51% |
| ROE % | 0.08% | 2.56% | 1.50% | 3.59% | 3.74% | 10.87% | 15.85% | 19.19% | 20.02% | 23.24% |
| ROCE % | 1.39% | 4.76% | 3.16% | 5.35% | 6.17% | 14.35% | 20.83% | 26.28% | 27.96% | 31.78% |
| 0.05% | 1.71% | 0.97% | 2.22% | 2.32% | 6.61% | 10.09% | 13.19% | 13.22% | 14.04% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 127 | 139 | 165 | 153 | 131 | 106 | 107 | 104 | 113 | 126 |
| Inventory Days | 70 | 65 | 72 | 84 | 98 | 85 | 82 | 79 | 81 | 87 |
| Payable Days | 159 | 119 | 133 | 142 | 125 | 88 | 88 | 74 | 80 | 98 |
| 38 | 85 | 105 | 95 | 104 | 103 | 102 | 108 | 115 | 115 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.09x | 0.14x | 0.13x | 0.15x | 0.11x | 0.14x | 0.00x | 0.00x | 0.01x | 0.02x |
| Interest Coverage (x) | 1.18x | 2.98x | 3.01x | 3.01x | 3.66x | 12.20x | 29.03x | 46.66x | 29.27x | 42.70x |
| 1.50x | 1.77x | 1.82x | 1.77x | 1.91x | 1.88x | 2.42x | 2.57x | 2.27x | 1.97x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -18.86% | 17.05% | 2.93% | 7.61% | 4.27% | 43.93% | 14.28% | 19.77% | 28.61% | 35.66% |
| Operating Profit Growth % | -32.30% | -12.35% | 39.80% | 11.18% | 11.80% | 90.59% | 41.54% | 32.40% | 25.20% | 36.85% |
| Net Profit Growth % | -97.32% | 2986.65% | -42.96% | 132.54% | 6.32% | 210.47% | 63.02% | 40.38% | 23.78% | 40.81% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 40.27% | 23.77% | 40.78% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 37.26x | 41.73x | 61.42x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.60x | 7.68x | 12.94x |
| 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 | 23.30x | 26.33x | 40.38x |
Mar 2017
- EPS (₹)
- 0.12
- Book Value (₹)
- 144.86
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 1.69
- Operating Margin %
- 8.40%
- Net Margin %
- 0.10%
- ROE %
- 0.08%
- ROCE %
- 1.39%
- 0.05%
- Debtor Days
- 127
- Inventory Days
- 70
- Payable Days
- 159
- 38
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 1.18x
- 1.50x
- Revenue Growth %
- -18.86%
- Operating Profit Growth %
- -32.30%
- Net Profit Growth %
- -97.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 3.73
- Book Value (₹)
- 146.45
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 2.37
- Operating Margin %
- 6.78%
- Net Margin %
- 2.74%
- ROE %
- 2.56%
- ROCE %
- 4.76%
- 1.71%
- Debtor Days
- 139
- Inventory Days
- 65
- Payable Days
- 119
- 85
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 2.98x
- 1.77x
- Revenue Growth %
- 17.05%
- Operating Profit Growth %
- -12.35%
- Net Profit Growth %
- 2986.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 2.28
- Book Value (₹)
- 147.36
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 2.13
- Operating Margin %
- 9.50%
- Net Margin %
- 1.57%
- ROE %
- 1.50%
- ROCE %
- 3.16%
- 0.97%
- Debtor Days
- 165
- Inventory Days
- 72
- Payable Days
- 133
- 105
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 3.01x
- 1.82x
- Revenue Growth %
- 2.93%
- Operating Profit Growth %
- 39.80%
- Net Profit Growth %
- -42.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 5.31
- Book Value (₹)
- 148.67
- Dividend per Share (₹)
- 2.25
- Cash EPS (₹)
- 2.49
- Operating Margin %
- 9.80%
- Net Margin %
- 3.38%
- ROE %
- 3.59%
- ROCE %
- 5.35%
- 2.22%
- Debtor Days
- 153
- Inventory Days
- 84
- Payable Days
- 142
- 95
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 3.01x
- 1.77x
- Revenue Growth %
- 7.61%
- Operating Profit Growth %
- 11.18%
- Net Profit Growth %
- 132.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 5.65
- Book Value (₹)
- 153.70
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 2.49
- Operating Margin %
- 10.54%
- Net Margin %
- 3.46%
- ROE %
- 3.74%
- ROCE %
- 6.17%
- 2.32%
- Debtor Days
- 131
- Inventory Days
- 98
- Payable Days
- 125
- 104
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 3.66x
- 1.91x
- Revenue Growth %
- 4.27%
- Operating Profit Growth %
- 11.80%
- Net Profit Growth %
- 6.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 17.45
- Book Value (₹)
- 168.06
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 4.85
- Operating Margin %
- 14.08%
- Net Margin %
- 7.52%
- ROE %
- 10.87%
- ROCE %
- 14.35%
- 6.61%
- Debtor Days
- 106
- Inventory Days
- 85
- Payable Days
- 88
- 103
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 12.20x
- 1.88x
- Revenue Growth %
- 43.93%
- Operating Profit Growth %
- 90.59%
- Net Profit Growth %
- 210.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 5.67
- Book Value (₹)
- 38.03
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 6.93
- Operating Margin %
- 16.94%
- Net Margin %
- 10.42%
- ROE %
- 15.85%
- ROCE %
- 20.83%
- 10.09%
- Debtor Days
- 107
- Inventory Days
- 82
- Payable Days
- 88
- 102
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 29.03x
- 2.42x
- Revenue Growth %
- 14.28%
- Operating Profit Growth %
- 41.54%
- Net Profit Growth %
- 63.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 7.95
- Book Value (₹)
- 44.87
- Dividend per Share (₹)
- 1.10
- Cash EPS (₹)
- 9.25
- Operating Margin %
- 16.76%
- Net Margin %
- 12.47%
- ROE %
- 19.19%
- ROCE %
- 26.28%
- 13.19%
- Debtor Days
- 104
- Inventory Days
- 79
- Payable Days
- 74
- 108
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 46.66x
- 2.57x
- Revenue Growth %
- 19.77%
- Operating Profit Growth %
- 32.40%
- Net Profit Growth %
- 40.38%
- 40.27%
- P/E (x)
- 37.26x
- P/B (x)
- 6.60x
- Dividend Yield %
- 0.37%
- 23.30x
Mar 2025
- EPS (₹)
- 9.84
- Book Value (₹)
- 53.46
- Dividend per Share (₹)
- 1.25
- Cash EPS (₹)
- 11.05
- Operating Margin %
- 16.81%
- Net Margin %
- 12.00%
- ROE %
- 20.02%
- ROCE %
- 27.96%
- 13.22%
- Debtor Days
- 113
- Inventory Days
- 81
- Payable Days
- 80
- 115
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 29.27x
- 2.27x
- Revenue Growth %
- 28.61%
- Operating Profit Growth %
- 25.20%
- Net Profit Growth %
- 23.78%
- 23.77%
- P/E (x)
- 41.73x
- P/B (x)
- 7.68x
- Dividend Yield %
- 0.30%
- 26.33x
Mar 2026
- EPS (₹)
- 13.86
- Book Value (₹)
- 65.76
- Dividend per Share (₹)
- 2.10
- Cash EPS (₹)
- 15.27
- Operating Margin %
- 17.70%
- Net Margin %
- 12.51%
- ROE %
- 23.24%
- ROCE %
- 31.78%
- 14.04%
- Debtor Days
- 126
- Inventory Days
- 87
- Payable Days
- 98
- 115
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 42.70x
- 1.97x
- Revenue Growth %
- 35.66%
- Operating Profit Growth %
- 36.85%
- Net Profit Growth %
- 40.81%
- 40.78%
- P/E (x)
- 61.42x
- P/B (x)
- 12.94x
- Dividend Yield %
- 0.25%
- 40.38x
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