EN DE

Indo Tech Transformers Limited (INDOTECH) Fair Value & Analysis

Industrials · IN · Market cap ₹34.1B

IT Indo Tech Transformers Limited INDOTECH · NSE
Price₹3,608
Fair Value₹1,575
Upside-56.4%
Quality63/100
Watch Indo Tech Transformers Limited for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Solidly profitable · 11.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Wide moat 72/100
Evidence: High Range ₹790.32 – ₹2,835 Share as image

Fair value as of: Aug 18, 2026

From 26 valuation models · updated today

Share price +6.1% over the past month.

A solid business, but screening 56% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹2,835). The favourable scenario is already priced in.
  • The model range is unusually wide (₹790.32 to ₹2,835). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹3,804 ₹84.25 Fair Value ₹1,575 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range ₹84.25 – ₹3,804 · fair‑value band ₹790.32 – ₹2,835 · the ₹3,608 price screens above the ₹1,575 fair value. Dashed = 300-day average. As of Aug 18, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Indo Tech Transformers Limited (INDOTECH) currently trades at ₹3,608, while our model-based Fair Value estimate is ₹1,575, implying the stock looks roughly 56.4% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Indo Tech Transformers Limited generated revenue of ₹7.8B at a net margin of 11.9%. Revenue grew 15.8% year over year. It earns a return on equity of 28.4%. The balance sheet holds a net cash position of ₹1.1B. Fundamentals as of Aug 18, 2026

Our scenario range runs from ₹790.32 (bear case) to ₹2,835 (bull case); at ₹3,608, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 228% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -65% fair-value upside, at -56%, INDOTECH screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹440.40 ₹790.93 ₹1,429 80
Residual Income ₹600.37 ₹825.08 ₹5,125 76
Rev-Margin DCF ₹886.15 ₹1,734 ₹2,961 74
All 26 models by family
DCF Models
FCF DCF ₹452.93 ₹721.90 ₹1,438 38
Owner Earnings ₹998.54 ₹2,026 ₹4,086 31
5Y Revenue Exit ₹886.15 ₹1,750 ₹3,142 39
5Y EBITDA Exit ₹961.57 ₹1,918 ₹3,348 41
5Y P/E Exit ₹1,147 ₹2,389 ₹3,965 38
10Y Revenue Exit ₹715.52 ₹1,556 ₹2,885 36
10Y EBITDA Exit ₹804.07 ₹1,690 ₹3,292 37
10Y P/E Exit ₹932.75 ₹2,022 ₹3,865 35
Earnings-Based
Graham-Dodd ₹594.01 ₹3,794 ₹5,304 54
Lynch FV ₹1,098 ₹1,569 ₹2,040 50
PEG = 1.0 ₹1,098 ₹1,569 ₹2,040 46
EPV ₹863.27 ₹989.66 ₹1,100 59
Dividend Discount
Gordon GGM ₹197.66 ₹410.98 ₹651.97 70
DDM Multi-Stage ₹197.66 ₹346.55 ₹431.33 61
Multiples
P/E Multiple ₹1,376 ₹1,834 ₹2,293 63
P/S Multiple ₹1,105 ₹1,473 ₹1,841 58
P/B Multiple ₹1,114 ₹1,485 ₹1,856 55
EV/EBIT ₹1,491 ₹1,954 ₹2,416 53
EV/EBITDA ₹1,209 ₹1,578 ₹1,946 54
EV/Revenue ₹1,033 ₹1,431 ₹1,828 43
Asset-Based
NCAV (Graham) ₹175.95 ₹235.77 ₹351.89 50
Growth DCF
Growth DCF ₹440.40 ₹790.93 ₹1,429 80
Rev-Margin DCF ₹886.15 ₹1,734 ₹2,961 74
Economic Profit
Residual Income ₹600.37 ₹825.08 ₹5,125 76
ROIC Compounder ₹1,013 ₹1,368 ₹1,841 72
Growth Earnings
Growth-Adj P/E ₹1,555 ₹2,221 ₹2,887 68

Widest divergence: Growth Earnings (₹2,221) versus Asset-Based (₹235.77). Highest evidence: Growth DCF (80).

Notify me when INDOTECH reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹7.8B
Revenue growth (YoY) +15.8%
Net margin 11.9%
Return on equity 28.4%
Free cash flow ₹247M FY2026
P/E ratio 41.2
More key figures
Operating margin 13.0%
EPS (TTM) ₹87.48
EPS growth (YoY) +14.1%
Net cash ₹1.1B FY2026

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 82

Profitability 79
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Indo Tech Transformers Limited manufactures and sells transformers in India and internationally. The company offers distribution and power transformers; large power transformers, including generator step up/down, two and three winding, and auto transformers; and invertor and convertor transformers for special applications, as well as skid-mounted …

Full company description

Indo Tech Transformers Limited manufactures and sells transformers in India and internationally. The company offers distribution and power transformers; large power transformers, including generator step up/down, two and three winding, and auto transformers; and invertor and convertor transformers for special applications, as well as skid-mounted substations. It serves various sectors, such as power transmission and generation, renewable energy, EPC, utilities, industrial, steel, cement, and textiles. The company was founded in 1976 and is headquartered in Kancheepuram, India. Indo Tech Transformers Limited operates as a subsidiary of Shirdi Sai Electricals Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Indo Tech Transformers Limited reported revenue of ₹7.8B in FY2026 versus ₹2.8B in FY2022, a compound +29.2%/yr. Reported net income was ₹928M in FY2026, compounding +66.1%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹7.8B
Latest YoY
+27.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+28.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.7%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.4%
Revenue +29.2%/yr
FY22 ₹2.8B
FY23 ₹3.7B
FY24 ₹5.0B
FY25 ₹6.1B
FY26 ₹7.8B
Net income +66.1%/yr
FY22 ₹122M
FY23 ₹257M
FY24 ₹469M
FY25 ₹639M
FY26 ₹928M

INDOTECH screens 56% overvalued. Compare with Contemporary Amperex Technology Co →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Indo Tech Transformers Limited Fair Value". https://www.fairvalue-calculator.com/stock/INDOTECH

Peer Group

Electrical Equipment & Parts · 529 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside −56% · Below median
Return on equity (TTM) 28% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 16% · Above median
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 41.2× · Pricier than median
P/B 9.13× · Pricier than 75% of peers
P/S (TTM) 4.36× · Pricier than 75% of peers
P/FCF 1.4× · Cheaper than median
EV/EBITDA 27.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 79 · sector 58
PAST 100 · sector 26
HEALTH 100 · sector 97
DIVIDEND 13 · sector 23

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 -40%
Delta Electronics (Thailand) Public Company DELTA 269.00 THB 40.28 THB -85%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW -45%
WEG S.A WEGE3 14,900 ARS 4,338 ARS -71%
Sungrow Power Supply Co 300274 ¥117.53 ¥123.83 +5%
HD Hyundai Electric Co 267260 782,000 KRW 371,133 KRW -53%
LS ELECTRIC Co 010120 206,500 KRW 29,594 KRW -86%
Hyosung Heavy Industries Corporation 298040 2,892,000 KRW 1,013,099 KRW -65%
Hitachi Energy India Limited POWERINDIA ₹35,800 ₹6,106 -83%
Polycab India Limited POLYCAB ₹9,289 ₹3,218 -65%

Compare Indo Tech Transformers Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Indo Tech Transformers Limited (INDOTECH) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of ₹1,575 versus a price of ₹3,608, about −56% (overvalued).
What is the fair value of INDOTECH?
Our model-based fair value for Indo Tech Transformers Limited is ₹1,575 (as of Aug 18, 2026), built from audited fundamentals. The current price is ₹3,608.
What is the quality score of INDOTECH?
Indo Tech Transformers Limited has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Indo Tech Transformers Limited (INDOTECH)?
Indo Tech Transformers Limited reported trailing-twelve-month revenue of about ₹7.8B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of INDOTECH?
The net profit margin of Indo Tech Transformers Limited is about 11.9%, meaning it keeps roughly 11.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Indo Tech Transformers Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.