TD Power Systems Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹23,131 Cr
- P/E
- 84.13
- ROE
- 24.72%
- PEG
- 2.36
- Price to sales
- 10.88
- Debt to equity
- 0.02
- 52W high / low
- ₹1,587 / ₹624
- Sales growth (5Y)
- 25.61%
- EBITDA margin
- 18.01%
- Net profit margin
- 12.87%
- Promoter holding
- 27.15%
- Sales (last year)
- ₹2,124 Cr
TD Power Systems Ltd is engaged in manufacturing AC generators and Electric motors for various applications which are specifically designed to suit the needs of the customers based on their requirements and specifications.[1]
Guidance scorecard · Q1 FY27 call
What TD Power Systems Ltd's management guided
and where it ranks in Electrical Equipment
Electrical Equipment
RevenueQ1 FY27 call
20–40%- The company expects continued growth in both units sold and realization (value per megawatt).
- Growth projections are considered on a year-on-year basis.
- The run rate for units sold can be similar to the recent quarter, with both unit count and revenue expected to grow.
- Capacity expansion is planned: Debottlenecking to reach approximately INR3,200 crores revenue potential by FY28 and further capacity additions to target around INR40 billion by FY29/FY30.
- Capacity expansion beyond INR3,200 crores depends on market demand and will be decided dynamically.
- The company will adapt capacity plans according to product demand and market conditions.
2 more points from TD Power Systems Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what TD Power Systems Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- TD Power Systems is undertaking debottlenecking capex of around INR 50 crores in FY27 to increase capacity to approx. INR 32 billion by FY28.
- Further capacity expansion is planned for FY29 and FY30 to reach or exceed INR 40 billion revenue capacity.
- The exact timing and scale of the FY29-30 capex are dynamic and will be decided based on market demand; more clarity will be provided in 3 months.
- Capex is driven by demand from new customers, new products, and existing products.
2 more points from TD Power Systems Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what TD Power Systems Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Current order inflow is expected to be around INR 700 crores per quarter.
- The company anticipates closing order book growth aligned with this inflow rate.
- Q1 saw very good year-on-year order book growth.
- The Turkey subsidiary has around EUR 3-3.5 million worth of orders for execution this year but limited pipeline beyond that.
- Domestic order book contribution is low, around 5%-6% of quarterly orders, indicating subdued domestic demand.
- Customer OEMs receive non-refundable advances from their clients indicating confidence in continued demand ahead.
2 more points from TD Power Systems Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹72,673 Cr | 18.1 | |
| 2 | 40%+ | Up 2%+ | ₹21,700 Cr | 158.1 | |
| 3 | 40%+ | Up 2%+ | ₹491 Cr | 12.2 | |
| 4 | 40%+ | Up 0–2% | ₹12,434 Cr | 48.4 | |
| 5 | 40%+ | Up 0–2% | ₹2,042 Cr | 35.4 | |
| 6 | 40%+ | Up 0–2% | ₹529 Cr | 7.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingTD Power Systems Ltd announcements
All announcements →- Fundraise / allotmentNotableTD Power Systems allots 77,41,935 equity shares via QIP at ₹775 each
- Fundraise / allotmentNotableTD Power Systems approves QIP issue of equity shares at floor price ₹775.35
Financials of TD Power Systems Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of TD Power Systems Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 250 | 220 | 274 | 243 | 264 | 274 | 306 | 350 | 348 | 372 | 452 | 443 | 589 |
| Expenses + | 206 | 182 | 227 | 203 | 222 | 225 | 251 | 289 | 283 | 303 | 370 | 362 | 491 |
| Operating Profit | 43 | 39 | 47 | 40 | 42 | 48 | 56 | 61 | 65 | 69 | 83 | 80 | 98 |
| OPM % | 17% | 18% | 17% | 16% | 16% | 18% | 18% | 17% | 19% | 19% | 18% | 18% | 17% |
| Other Income + | 8 | 4 | 3 | 5 | 5 | 3 | 6 | 4 | 11 | 4 | 5 | 4 | 8 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 0 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 7 |
| Profit before tax | 46 | 37 | 45 | 40 | 41 | 46 | 56 | 60 | 70 | 67 | 82 | 78 | 99 |
| Tax % | 23% | 28% | 27% | 25% | 29% | 23% | 26% | 25% | 25% | 26% | 26% | 28% | 27% |
| Net Profit + | 35 | 27 | 33 | 30 | 29 | 35 | 41 | 45 | 53 | 50 | 60 | 56 | 72 |
| EPS in Rs | 2.27 | 1.71 | 2.10 | 1.91 | 1.86 | 2.26 | 2.64 | 2.88 | 3.39 | 3.21 | 3.85 | 3.61 | 4.62 |
Financials of TD Power Systems Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 597 | 507 | 380 | 435 | 459 | 515 | 594 | 797 | 872 | 1,001 | 1,279 | 1,856 |
| Expenses + | 581 | 498 | 369 | 424 | 429 | 477 | 523 | 701 | 739 | 829 | 1,043 | 1,527 |
| Operating Profit | 16 | 9 | 11 | 10 | 30 | 38 | 71 | 97 | 134 | 171 | 235 | 330 |
| OPM % | 3% | 2% | 3% | 2% | 7% | 7% | 12% | 12% | 15% | 17% | 18% | 18% |
| Other Income + | 24 | 20 | 20 | 16 | 9 | 27 | 16 | 24 | 21 | 16 | 24 | 21 |
| Interest | 6 | 7 | 6 | 9 | 6 | 10 | 9 | 7 | 4 | 4 | 8 | 2 |
| Depreciation | 29 | 29 | 28 | 27 | 26 | 22 | 22 | 22 | 21 | 21 | 20 | 23 |
| Profit before tax | 6 | -7 | -4 | -10 | 7 | 33 | 56 | 92 | 130 | 162 | 232 | 326 |
| Tax % | 114% | 33% | 24% | 51% | 57% | 9% | 20% | 23% | 25% | 27% | 25% | 27% |
| Net Profit + | -1 | -9 | -4 | -14 | 3 | 30 | 45 | 70 | 97 | 118 | 175 | 239 |
| EPS in Rs | -0.05 | -0.55 | -0.27 | -0.87 | 0.20 | 1.94 | 2.92 | 4.53 | 6.20 | 7.58 | 11.18 | 15.28 |
| Dividend Payout % | -1,059% | -110% | -135% | -41% | 194% | 23% | 17% | 15% | 16% | 15% | 11% | 7% |
Financials of TD Power Systems Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 33 | 33 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 461 | 440 | 437 | 416 | 385 | 394 | 440 | 496 | 573 | 674 | 829 | 1,041 |
| Borrowings + | 57 | 28 | 45 | 69 | 61 | 68 | 52 | 71 | 0 | 0 | 12 | 18 |
| Other Liabilities + | 345 | 292 | 233 | 190 | 271 | 265 | 262 | 309 | 299 | 333 | 491 | 787 |
| Total Liabilities | 896 | 793 | 749 | 708 | 748 | 757 | 785 | 907 | 903 | 1,038 | 1,364 | 1,877 |
| Fixed Assets + | 272 | 258 | 233 | 213 | 198 | 180 | 174 | 166 | 163 | 186 | 207 | 294 |
| CWIP | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 17 | 17 |
| Investments | 0 | 0 | 0 | 0 | 10 | 20 | 20 | 20 | 20 | 10 | 0 | 0 |
| Other Assets + | 624 | 534 | 515 | 495 | 539 | 557 | 590 | 720 | 720 | 842 | 1,140 | 1,566 |
| Total Assets | 896 | 793 | 749 | 708 | 748 | 757 | 785 | 907 | 903 | 1,038 | 1,364 | 1,877 |
Financials of TD Power Systems Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 47 | -13 | -20 | -3 | 48 | 56 | -3 | 11 | 89 | 84 | 40 | 129 |
| Cash from Investing Activity + | -3 | 2 | 9 | 3 | -13 | -0 | -11 | -14 | -13 | -34 | -34 | -102 |
| Cash from Financing Activity + | -12 | -35 | 1 | 7 | -45 | -17 | -20 | 11 | -89 | -16 | -7 | -21 |
| Net Cash Flow | 32 | -46 | -9 | 7 | -10 | 39 | -34 | 8 | -13 | 34 | -1 | 7 |
| Free Cash Flow | 25 | -27 | -24 | -10 | 37 | 58 | -18 | -4 | 72 | 40 | -16 | 21 |
| CFO/OP | 308% | -113% | -132% | 28% | 164% | 170% | 10% | 29% | 93% | 72% | 39% | 60% |
Financials of TD Power Systems Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 95 | 112 | 154 | 155 | 182 | 123 | 100 | 110 | 113 | 112 | 125 | 146 |
| Inventory Days | 62 | 88 | 113 | 96 | 129 | 147 | 174 | 134 | 123 | 139 | 165 | 148 |
| Days Payable | 136 | 145 | 184 | 140 | 192 | 146 | 100 | 97 | 81 | 78 | 101 | 121 |
| Cash Conversion Cycle | 21 | 55 | 83 | 111 | 118 | 123 | 174 | 147 | 154 | 173 | 189 | 173 |
| Working Capital Days | -38 | -8 | 11 | 50 | 60 | 40 | 64 | 78 | 100 | 104 | 120 | 109 |
| ROCE % | 2% | 0% | 1% | -0% | 3% | 6% | 12% | 16% | 22% | 25% | 30% | 33% |
Guidance history
How TD Power Systems Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | None planned | Rising |
| Q2 FY26 call → | 20–40% | Up 2%+ | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
92 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +130.7% | 95% |
| Last 6 months | +47.5% | 88% |
| Last 3 months | +30.4% | 92% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For TD Power Systems Ltd: 0.4 × 95 + 0.4 × 88 + 0.2 × 92 = 92.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What TD Power Systems Ltd's management said in earlier quarters
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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