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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹8780 Cr.
Stock P/E
87.7
P/B
16.2
Current Price
₹1133.7
Book Value
₹ 70
Face Value
10
52W High
₹1443.2
52W Low
₹ 475.5
Dividend Yield
0.09%

Quality Power Elect. Overview

Business

Quality Power Electrical Equipments Ltd. (QPOWER) is engaged in the electric equipment sector in India. The company likely specializes in the manufacturing, supply, and potentially installation and servicing of a range of electrical infrastructure products. Its core business model is primarily B2B (business-to-business) and B2G (business-to-government), serving clients such as power utilities, industrial enterprises, infrastructure developers, and government projects. The company makes money by selling its electrical equipment, which typically includes products like transformers, switchgear, control panels, power distribution components, and possibly cables, along with associated services.

Revenue Mix

Specific revenue mix breakdown for Quality Power Electrical Equipments Ltd. is not publicly available in this analysis. However, typical segments for an electric equipment manufacturer in India might include:

Transformers: Power, Distribution, Specialty Transformers.

Switchgear & Control Panels: Low Voltage (LV) and Medium Voltage (MV) switchgear, motor control centers (MCCs), power control centers (PCCs).

Power Distribution Equipment: Busducts, isolators, fuses.

Project & Services: Engineering, Procurement, and Construction (EPC) services for substation projects or power distribution networks, as well as maintenance and after-sales services.

Industry

The Indian electric equipment industry is highly competitive, driven by significant government spending on power infrastructure, industrial growth, urbanization, and the expansion of renewable energy capacity. The industry is characterized by a mix of large integrated players, specialized manufacturers, and numerous smaller enterprises. Competition revolves around product quality, technological capability, pricing, project execution timelines, and after-sales service. Without specific market share data, QPOWER likely operates within this competitive landscape, potentially focusing on specific product niches, regional markets, or client segments where it has developed expertise or established relationships. Its positioning is influenced by its product range, manufacturing capabilities, and ability to secure tenders and large orders.

MOAT

Without specific company details, potential competitive advantages (moats) for QPOWER in the electric equipment sector could include:

Operational Scale & Cost Efficiency: Ability to achieve economies of scale in manufacturing and sourcing raw materials, leading to cost advantages.

Brand Reputation & Reliability: A track record of delivering reliable and high-quality products, which is crucial for critical power infrastructure.

Established Client Relationships: Long-term relationships with utilities, large industrial clients, and government agencies, leading to repeat business.

Product Specialization/Technology: Niche expertise in specific types of equipment or proprietary technology that offers superior performance or cost benefits.

Regulatory Approvals & Certifications: Compliance with stringent industry standards and obtaining necessary approvals can act as a barrier to entry.

Growth Drivers

Key factors that can drive QPOWER's growth over the next 3-5 years include:

Government Infrastructure Spending: Initiatives like "Power for All," Smart Cities Mission, and increased focus on T&D (Transmission & Distribution) network upgrades and rural electrification.

Industrial & Economic Growth: Increased industrial activity and expansion drive demand for electrical equipment and power infrastructure.

Renewable Energy Integration: Growth in solar and wind power requires significant investment in grid infrastructure, evacuation systems, and associated electrical equipment.

Urbanization & Real Estate Development: Expansion of residential and commercial spaces necessitates new power distribution networks.

Technological Upgrades: Modernization of aging infrastructure and adoption of smart grid technologies.

Risks

Key business risks for QPOWER include:

Raw Material Price Volatility: Significant price fluctuations in key inputs like copper, steel, aluminum, and CRGO steel can impact profitability.

Economic Downturn: A slowdown in the Indian economy or industrial capex can reduce demand for electrical equipment and project awards.

Intense Competition: Pressure from domestic and international players can lead to pricing pressures and margin erosion.

Working Capital Management: The nature of project-based business often requires significant working capital for raw materials and inventory.

Government Policy & Regulatory Changes: Changes in power sector policies, import duties, or environmental regulations can affect business operations and demand.

Technology Obsolescence: Failure to keep pace with technological advancements in the electric equipment sector.

Management & Ownership

In many Indian companies, particularly in the manufacturing sector, ownership and strategic direction are significantly influenced by promoter families. The management team typically comprises professionals with technical and commercial expertise relevant to the electric equipment industry. The ownership structure generally involves the promoter group holding a significant stake, with the remaining shares held by institutional investors (if publicly listed) and the public. The vision and experience of the promoters, coupled with the execution capabilities of the professional management, are critical for the company's long-term performance and governance.

Outlook

Quality Power Electrical Equipments Ltd. operates in a sector with structural tailwinds from India's ongoing economic growth, urbanization, and ambitious power infrastructure development plans. The government's focus on expanding power generation, strengthening T&D networks, and integrating renewable energy sources provides a robust demand outlook for electrical equipment. However, the company faces significant challenges, including a highly competitive market, volatility in raw material prices, and the need for efficient working capital management in project-based business. Sustained growth will depend on its ability to maintain product quality, innovate, manage costs effectively, and secure orders in a competitive environment, while macroeconomic conditions and policy stability will also play a crucial role.

Quality Power Elect. Share Price

Live · BSE / NSE · Inception: 2001
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Quality Power Elect. Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 142 39 61 94 73 108 177 206 284 281
Other Income 9 6 18 9 7 22 17 13 0 29
Total Income 151 46 80 103 80 130 194 219 284 310
Total Expenditure 131 26 38 86 55 92 146 170 205 251
Operating Profit 19 20 42 17 25 38 48 49 79 59
Interest 1 0 1 1 1 0 1 2 1 2
Depreciation 1 1 1 1 1 2 3 3 3 4
Exceptional Income / Expenses -3 3 0 -0 -1 -0 0 0 0 0
Profit Before Tax 15 22 41 14 22 36 44 44 74 53
Provision for Tax 1 4 7 1 2 5 7 9 11 7
Profit After Tax 14 18 33 13 20 31 37 35 63 47
Adjustments -2 -2 -2 -2 -6 -11 -13 -11 -24 -13
Profit After Adjustments 11 15 31 12 14 19 24 24 39 34
Adjusted Earnings Per Share 1.6 2.1 4.3 1.6 1.9 2.5 3.1 3.1 5 4.4

Quality Power Elect. Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 183 253 302 337 948
Other Income 29 20 30 56 59
Total Income 212 274 332 392 1007
Total Expenditure 159 221 263 271 772
Operating Profit 52 52 69 121 235
Interest 1 3 2 2 6
Depreciation 2 2 3 5 13
Exceptional Income / Expenses 0 0 0 -2 0
Profit Before Tax 49 48 63 112 215
Provision for Tax 7 8 8 12 34
Profit After Tax 42 40 55 100 182
Adjustments 0 0 0 0 -61
Profit After Adjustments 42 40 55 100 121
Adjusted Earnings Per Share 5.9 5.5 7.7 12.9 15.6

Quality Power Elect. Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 93 112 153 424
Minority's Interest 68 64 37 169
Borrowings 0 0 1 0
Other Non-Current Liabilities -1 -0 1 29
Total Current Liabilities 91 135 165 188
Total Liabilities 251 310 358 810
Fixed Assets 34 39 66 238
Other Non-Current Assets 36 51 60 27
Total Current Assets 181 220 232 545
Total Assets 251 310 358 810

Quality Power Elect. Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 68 65 51 47
Cash Flow from Operating Activities 9 44 52 62
Cash Flow from Investing Activities 21 -31 -39 -93
Cash Flow from Financing Activities 2 -4 25 171
Net Cash Inflow / Outflow 31 10 38 141
Closing Cash & Cash Equivalent 65 51 47 181

Quality Power Elect. Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.85 5.53 7.69 12.93
CEPS(Rs) 0 0 8.16 13.54
DPS(Rs) 0 0 0 1
Book NAV/Share(Rs) 12.83 15.54 21.23 54.8
Core EBITDA Margin(%) 12.69 12.7 12.88 19.41
EBIT Margin(%) 27.63 19.87 21.72 34.07
Pre Tax Margin(%) 26.83 18.81 20.96 33.35
PAT Margin (%) 23.12 15.75 18.38 29.75
Cash Profit Margin (%) 24.18 16.67 19.5 31.15
ROA(%) 16.84 14.22 16.6 17.15
ROE(%) 45.63 38.99 41.82 34.68
ROCE(%) 48.5 44.37 41.73 36.72
Receivable days 107.71 85.68 87.36 117.42
Inventory Days 81.47 63.88 43.13 67.88
Payable days 92.99 91.41 106.2 141.7
PER(x) 0 0 0 24.59
Price/Book(x) 0 0 0 5.8
Dividend Yield(%) 0 0 0 0.31
EV/Net Sales(x) -0.31 -0.16 0.21 6.72
EV/Core EBITDA(x) -1.08 -0.78 0.91 18.69
Net Sales Growth(%) 0 38.66 19.18 11.54
EBIT Growth(%) 0 -0.32 30.3 74.98
PAT Growth(%) 0 -5.53 39.07 80.53
EPS Growth(%) 0 -5.53 39.07 68.19
Debt/Equity(x) 0.12 0.09 0.25 0.02
Current Ratio(x) 1.98 1.63 1.4 2.9
Quick Ratio(x) 1.54 1.27 1.26 2.36
Interest Cover(x) 34.19 18.88 28.58 47.03
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +12% +23%
Operating Profit CAGR +75% +33%
PAT CAGR +82% +34%
Share Price CAGR +134%
ROE Average +35% +39% +40% +40%
ROCE Average +37% +41% +43% +43%

Quality Power Elect. Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 73.91 %
FII 2.28 %
DII (MF + Insurance) 5.97 %
Public (retail) 26.09 %
# Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.9173.9173.9173.9173.91
FII 41.972.121.972.28
DII 865.926.035.97
Public 26.0926.0926.0926.0926.09
Others 00000
Total 100100100100100

Quality Power Elect. Peer Comparison

Electric Equipment Edit Columns

Quality Power Elect. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Quality Power Elect. Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 39%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 106.2 to 141.7days.
  • Stock is trading at 16.2 times its book value.
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