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TD Power Systems

₹780.4 -3.2 | 0.4%

Market Cap ₹12188 Cr.

Stock P/E 69.8

P/B 12.7

Current Price ₹780.4

Book Value ₹ 61.6

Face Value 2

52W High ₹850.1

Dividend Yield 0.16%

52W Low ₹ 292.9

TD Power Systems Research see more...

Overview Inc. Year: 1999Industry: Electric Equipment

TD Power Systems Ltd (TDPS) is engaged in manufacturing of alternating current (AC) turbines and electric motors. The Company's primary segments include manufacturing commercial enterprise and project enterprise. Its secondary segments are primarily based on geographical location of activities, which consist of India and Japan. Its AC turbines have the output variety of 1200 megawatt for prime movers, along with steam mills, gas mills, hydro mills, diesel engines, and gas and wind mills. The Company also manufactures special application mills for geo thermal and solar thermal applications. It manufactures hydro turbine mills for francis turbine, kaplan turbine and pelton turbine. Its diesel engine generators have speeds within the variety of 187-1,800 revolutions/minute. Its gas mills are utilized in packages inside the oil and gasoline industries. TDPS offers 3 solutions for the wind turbine: permanent magnet, synchronous and doubly fed induction generators.

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TD Power Systems Share Price

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TD Power Systems Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 220 274 243 264 274 306 350 348 372 452
Other Income 4 3 5 5 3 6 4 11 4 5
Total Income 224 277 248 268 277 313 354 359 376 458
Total Expenditure 182 227 203 222 225 251 289 283 303 370
Operating Profit 42 50 45 46 52 62 65 76 73 88
Interest 0 0 0 0 1 1 0 1 0 1
Depreciation 5 5 5 5 5 5 5 5 5 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 37 45 40 41 46 56 60 70 67 82
Provision for Tax 10 12 10 12 10 15 15 17 17 22
Profit After Tax 27 33 30 29 35 41 45 53 50 60
Adjustments 0 0 0 0 0 0 -0 0 -0 0
Profit After Adjustments 27 33 30 29 35 41 45 53 50 60
Adjusted Earnings Per Share 1.7 2.1 1.9 1.9 2.3 2.6 2.9 3.4 3.2 3.9

TD Power Systems Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 597 507 380 435 459 515 594 797 872 1001 1279 1522
Other Income 25 20 20 16 9 13 9 17 20 16 24 24
Total Income 622 527 400 451 468 528 603 814 892 1017 1302 1547
Total Expenditure 581 498 369 424 429 477 523 701 739 830 1043 1245
Operating Profit 41 29 31 26 39 51 80 114 153 187 259 302
Interest 6 7 6 9 6 10 9 7 4 4 8 2
Depreciation 29 29 28 27 26 22 21 22 21 21 20 20
Exceptional Income / Expenses 0 0 0 0 0 14 7 8 1 0 0 0
Profit Before Tax 6 -7 -4 -10 7 33 56 92 130 162 232 279
Provision for Tax 7 2 1 5 4 3 11 22 33 44 57 71
Profit After Tax -1 -9 -4 -14 3 30 45 70 97 118 175 208
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -1 -9 -4 -14 3 30 45 70 97 118 175 208
Adjusted Earnings Per Share -0 -0.6 -0.3 -0.9 0.2 1.9 2.9 4.5 6.2 7.6 11.2 13.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 28% 17% 20% 8%
Operating Profit CAGR 39% 31% 38% 20%
PAT CAGR 48% 36% 42% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 91% 94% 103% 31%
ROE Average 22% 19% 16% 8%
ROCE Average 30% 26% 22% 11%

TD Power Systems Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 494 473 471 449 416 425 471 527 605 705 860
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 22 19 16 13 13 11 11 13 9 7 12
Total Current Liabilities 380 300 263 246 320 321 303 367 290 325 492
Total Liabilities 896 793 749 708 748 757 785 907 903 1038 1364
Fixed Assets 272 258 233 213 198 180 174 166 163 186 207
Other Non-Current Assets 34 20 133 95 27 41 39 42 42 31 44
Total Current Assets 590 515 383 400 523 536 572 698 698 821 1112
Total Assets 896 793 749 708 748 757 785 907 903 1038 1364

TD Power Systems Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 240 272 55 45 52 42 81 47 55 42 76
Cash Flow from Operating Activities 47 -13 -20 -3 48 56 -3 11 89 84 40
Cash Flow from Investing Activities -3 2 9 1 -14 0 -8 -5 -10 -33 -34
Cash Flow from Financing Activities -12 -35 1 7 -45 -17 -20 11 -89 -16 -7
Net Cash Inflow / Outflow 32 -46 -10 5 -10 39 -31 17 -11 36 -1
Closing Cash & Cash Equivalent 272 226 45 52 42 81 47 55 42 76 75

TD Power Systems Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.05 -0.55 -0.27 -0.87 0.21 1.94 2.92 4.53 6.2 7.58 11.18
CEPS(Rs) 1.68 1.18 1.41 0.76 1.88 3.37 4.31 5.95 7.53 8.93 12.44
DPS(Rs) 0.53 0.61 0.36 0.36 0.4 0.45 0.5 0.7 1 1.1 1.25
Book NAV/Share(Rs) 29.73 28.48 28.31 27.04 26.8 27.83 30.5 33.9 38.71 45.13 55.02
Core EBITDA Margin(%) 2.51 1.54 2.35 2.14 5.61 6.3 9.91 10.71 13.15 14.8 14.21
EBIT Margin(%) 1.86 0.02 0.64 -0.16 2.47 7.14 9.21 10.95 13.18 14.38 14.45
Pre Tax Margin(%) 0.91 -1.22 -0.8 -1.95 1.4 5.49 7.9 10.17 12.74 14.04 13.99
PAT Margin (%) -0.13 -1.62 -0.99 -2.95 0.6 5.02 6.32 7.79 9.52 10.24 10.54
Cash Profit Margin (%) 4.26 3.46 5.24 2.59 5.45 8.75 9.33 10.22 11.56 12.07 11.73
ROA(%) -0.09 -1.09 -0.57 -1.98 0.44 3.98 5.86 8.33 10.7 12.19 14.54
ROE(%) -0.17 -1.9 -0.94 -3.14 0.74 7.08 10.02 14.11 17.11 18.08 22.32
ROCE(%) 2.18 0.03 0.57 -0.15 2.66 8.79 12.97 17.69 22.29 25.37 30.34
Receivable days 105 99.92 129 128.93 140.99 122.87 85.47 81.25 91.58 91.05 82.07
Inventory Days 45.21 52.84 68.67 60.29 66.2 78.66 85.08 80.23 73.19 70.8 69.01
Payable days 136.43 155.88 197.14 147.96 165.7 160.07 116.98 83.65 87.66 76.41 82.51
PER(x) 0 0 0 0 118.86 8.76 10.12 15.21 25.52 39.09 36.74
Price/Book(x) 2.42 1.46 1.63 1.4 0.91 0.61 0.97 2.03 4.09 6.56 7.46
Dividend Yield(%) 0.74 1.46 0.78 0.95 1.63 2.65 1.69 1.02 0.63 0.37 0.3
EV/Net Sales(x) 1.64 0.98 1.86 1.39 0.68 0.33 0.58 1.23 2.64 4.41 4.87
EV/Core EBITDA(x) 23.92 17.08 22.96 22.92 8 3.38 4.31 8.64 15 23.58 24.04
Net Sales Growth(%) 24.41 -15.18 -25.03 14.46 5.55 12.17 15.28 34.34 9.39 14.7 27.81
EBIT Growth(%) -70.61 -98.87 1991.25 -126.49 1838.78 222 54.49 50.63 35.18 23.94 44.08
PAT Growth(%) -103.65 -1008.84 51.81 -225.86 122.17 835.99 51 55.95 37.33 22.25 47.51
EPS Growth(%) -103.65 -1008.99 51.81 -225.86 123.77 838.25 51 55.1 36.87 22.15 47.5
Debt/Equity(x) 0.12 0.06 0.1 0.15 0.15 0.16 0.11 0.13 0 0 0.01
Current Ratio(x) 1.55 1.71 1.46 1.63 1.64 1.67 1.88 1.9 2.41 2.52 2.26
Quick Ratio(x) 1.35 1.42 1.15 1.3 1.28 1.22 1.26 1.33 1.73 1.76 1.5
Interest Cover(x) 1.95 0.02 0.45 -0.09 2.3 4.33 7.05 14.01 29.83 42.31 31.05
Total Debt/Mcap(x) 0.05 0.04 0.06 0.11 0.16 0.26 0.11 0.07 0 0 0

TD Power Systems Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 58.42 34.27 34.27 34.27 34.27 34.27 34.27 33.22 26.88 26.88
FII 2.61 10.11 11.36 12.85 14.85 16.24 17.8 19.12 23.7 23.55
DII 16.33 33.15 32.8 32.35 31.53 29.64 26.9 24.91 25.29 25.39
Public 22.64 22.48 21.57 20.53 19.36 19.86 21.03 22.75 24.13 24.19
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 42% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Promoter holding is low: 26.88%.
  • Debtor days have increased from 76.41 to 82.51days.
  • Stock is trading at 12.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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