Indo Tech Transformers Limited (INDOTECH) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Indo Tech Transformers Limited ₹1,452, price ₹3,348, upside -56.6%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹116.80 – ₹3,903 · fair‑value band ₹717.45 – ₹1,943 · the ₹3,348 price screens above the ₹1,452 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Indo Tech Transformers Limited manufactures and sells transformers in India and internationally.
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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.
Stock analysis
Indo Tech Transformers Limited (INDOTECH) currently trades at ₹3,348, while our model-based Fair Value estimate is ₹1,452, 56.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹2,221 per share, and 1 of the 24 models we run sit above the ₹3,348 price.
Bear case: the Asset-Based group reads lowest at ₹235.77, and 23 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹717.45 (bear) to ₹1,943 (bull), the price of ₹3,348 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹35.5B (≈ $369M) · P/E ratio 38.3 · P/S ratio 4.54 · EPS (TTM) ₹87.48 · Net margin 11.9% · Return on equity 28.4% · Return on assets (EBIT) 15.2% · Operating margin 13.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 203% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −57%, INDOTECH screens richer than that median.
Fair Value models
Bear ₹717.45Fair Value ₹1,452Bull ₹1,943
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹44.34 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+27.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+28.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+30.7%
Start year 2021 (pandemic). Over 10 years: +15.2% a year
Revenue growth 20 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.4%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+73.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+73.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.71.3% vs 36.9%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 15%
2026 sits 98% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+59.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +53.4% a year for the price.
Compare Indo Tech Transformers Limited with another stock
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Peer Groupⓘ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.Electrical Equipment & Parts · 532 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−56.6% · Below median
Profitability
Return on equity (TTM)28.4% · Top 25%
Return on assets14.6% · Top 25%
Net margin (TTM)11.9% · Top 25%
Operating margin (TTM)13.0% · Top 25%
Growth and dividend
Revenue growth15.8% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)38.3× · Pricier than median
P/B9.51× · Priciest 25%
P/S (TTM)4.55× · Priciest 25%
P/FCF143.7× · Priciest 25%
EV/EBITDA28.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)79· sector 60
PAST (return on equity)100· sector 26
HEALTH (low debt)100· sector 97
DIVIDEND (yield)0· sector 23
VALUE 0: the price sits above our fair-value range.
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.
Is Indo Tech Transformers Limited (INDOTECH) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹1,452 versus a price of ₹3,348, about −57% upside (overvalued).
What is the fair value of INDOTECH?
Our model-based fair value for Indo Tech Transformers Limited is ₹1,452 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹3,348.
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 price target for Indo Tech Transformers Limited (INDOTECH)?
Our model-based price target is the fair value of ₹1,452 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario ₹717.45, optimistic scenario ₹1,943. It is a calculation from audited fundamentals, not an analyst target.
What is the Indo Tech Transformers Limited stock forecast for 2026?
Our models put fair value at ₹1,452, about −57% upside versus a price of ₹3,348 (overvalued). Cautious scenario ₹717.45, optimistic scenario ₹1,943. The calculation is refreshed regularly with new filings.
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 Sep 27, 2026).
What growth is priced into Indo Tech Transformers Limited (INDOTECH)?
For today's price to be fair in a discounted-cash-flow model, Indo Tech Transformers Limited would have to grow free cash flow by +59.8 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +30.7 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of INDOTECH use?
Our models discount Indo Tech Transformers Limited at 13.3 %: a base by market capitalisation (small), damped by beta 0.84, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Indo Tech Transformers Limited that is +59.8 % per year a year over ten years, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Indo Tech Transformers Limited (INDOTECH) delivered so far?
Over the past 5 years revenue at Indo Tech Transformers Limited grew +30.7 % a year. The price currently implies +59.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Indo Tech Transformers Limited (INDOTECH) growing?
The median revenue growth in the sector is +6.3 % a year. That is the yardstick for the growth priced into Indo Tech Transformers Limited (+59.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Indo Tech Transformers Limited (INDOTECH)?
The free-cash-flow yield on the price is 0.70 %: that much free cash flow Indo Tech Transformers Limited produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Indo Tech Transformers Limited (INDOTECH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indo Tech Transformers Limited it is ₹1,452 per share (as of Sep 27, 2026), against a price of ₹3,348. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Indo Tech Transformers Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, INDOTECH trades above its calculated fair value: price ₹3,348, fair value ₹1,452, a gap of about −57% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INDOTECH?
No. The price is what the market pays today (₹3,348); the fair value is what the company's own numbers justify (₹1,452). For Indo Tech Transformers Limited the two are ₹1,895 per share apart. That gap is exactly why we show both numbers side by side.
How much is Indo Tech Transformers Limited worth?
The market values Indo Tech Transformers Limited at about ₹35.5B (market capitalisation, as of Sep 27, 2026). Per share that is ₹3,348; our models calculate a fair value of ₹1,452 per share.
What do the bullish and bearish scenarios say about INDOTECH?
Our models span a range for Indo Tech Transformers Limited: cautious scenario ₹717.45, base ₹1,452, optimistic ₹1,943 per share (as of Sep 27, 2026, price ₹3,348). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INDOTECH?
Indo Tech Transformers Limited trades at a price-to-earnings ratio of 38.3 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,452 is built from several models across several years. Other multiples: P/B 9.5, P/S 4.5, EV/EBITDA 28.6.
How solid is the balance sheet of Indo Tech Transformers Limited (INDOTECH)?
Balance-sheet figures for Indo Tech Transformers Limited (as of Sep 27, 2026): return on equity 28.4%, debt of 0.01 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is INDOTECH from its 52-week high?
Indo Tech Transformers Limited trades at ₹3,348, about 14% below its 52-week high of ₹3,903 and 203% above the low of ₹1,105 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,452 is for.
Which stocks are comparable to Indo Tech Transformers Limited?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Indo Tech Transformers Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹3,348, calculated fair value ₹1,452 (−57%), Quality Score 63/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INDOTECH calculated?
We run Indo Tech Transformers Limited through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,452, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Indo Tech Transformers Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Indo Tech Transformers Limited (INDOTECH)?
The closing price on Oct 1, 2026 was ₹3,348. Our model-based fair value is ₹1,452, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Indo Tech Transformers Limited right now?
The price sits above even our optimistic bull case (₹1,943). The favourable scenario is already priced in. The model range is unusually wide (₹717.45 to ₹1,943). 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.
Key figures of Indo Tech Transformers Limited
How large is the market capitalisation of Indo Tech Transformers Limited (INDOTECH)?
The market capitalisation of Indo Tech Transformers Limited is ₹35.5B (≈ $369M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Indo Tech Transformers Limited (INDOTECH)?
The price-to-sales ratio of Indo Tech Transformers Limited is 4.54 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Indo Tech Transformers Limited (INDOTECH)?
Earnings per share at Indo Tech Transformers Limited are ₹87.48 (price ÷ EPS = P/E 38.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Indo Tech Transformers Limited (INDOTECH)?
The net margin of Indo Tech Transformers Limited is 11.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Indo Tech Transformers Limited (INDOTECH)?
The return on equity (ROE) of Indo Tech Transformers Limited is 28.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Indo Tech Transformers Limited (INDOTECH)?
On an EBIT basis the return on assets of Indo Tech Transformers Limited is 15.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Indo Tech Transformers Limited (INDOTECH)?
The operating margin of Indo Tech Transformers Limited is 13.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indo Tech Transformers Limited (INDOTECH)?
Revenue at Indo Tech Transformers Limited is growing +15.8% versus a year earlier (3y avg +28.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Indo Tech Transformers Limited (INDOTECH)?
Earnings per share at Indo Tech Transformers Limited are growing +14.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Indo Tech Transformers Limited (INDOTECH) hold?
Indo Tech Transformers Limited holds more cash than debt, ₹1.1B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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