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Star Delta Transformers Ltd (STARDELTA) Fair Value & Analysis

Other · IN · Market cap ₹1.9B

SD Star Delta Transformers Ltd STARDELTA · BSE
Price₹500.30
Fair Value₹676.41
Upside+35.2%
Quality55/100
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Strengths

Trades 35% below our fair value of ₹676.41
Ranks above peers (9/13)

Risks

!Expensive Growth
!Thin margins · 6.9% net margin
!Low debt · negative free cash flow
!Moderate moat 53/100
Expensive Growth
Thin margins · 6.9% net margin
Low debt · negative free cash flow
Ranks above peers (9/13)
Moderate moat 53/100
Evidence: High Range ₹308.65 – ₹845.51 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 7 days ago

A solid business, screening 35% undervalued on our models.

What matters now

  • The model range is unusually wide (₹308.65 to ₹845.51). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

₹1,316 ₹73.50 Fair Value ₹676.41 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹73.50 – ₹1,316 · fair‑value band ₹308.65 – ₹845.51 · the ₹500.30 price screens below the ₹676.41 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Star Delta Transformers Ltd (STARDELTA) currently trades at ₹500.30, while our model-based Fair Value estimate is ₹676.41, implying the stock looks roughly 35.2% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Other sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Star Delta Transformers Ltd generated revenue of ₹1.7B at a net margin of 6.9%. Revenue grew 23.4% year over year. It earns a return on equity of 13.2%. Net debt stands at ₹107M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹308.65 (bear case) to ₹845.51 (bull case); at ₹500.30, the current price sits within 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 about 35% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Other peers we cover trades at -24% fair-value upside, at 35%, STARDELTA 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
Residual Income ₹280.55 ₹319.37 ₹623.41 76
ROIC Compounder ₹441.11 ₹594.95 ₹715.62 72
Gordon GGM ₹3.88 ₹7.00 ₹9.64 70
All 17 models by family
DCF Models
Owner Earnings ₹403.66 ₹846.66 ₹1,669 31
Earnings-Based
Graham-Dodd ₹270.56 ₹1,887 ₹2,648 54
Lynch FV ₹848.37 ₹1,212 ₹1,576 50
PEG = 1.0 ₹848.37 ₹1,212 ₹1,576 46
EPV ₹381.16 ₹434.41 ₹478.78 59
Dividend Discount
Gordon GGM ₹3.88 ₹7.00 ₹9.64 70
DDM Multi-Stage ₹3.88 ₹6.39 ₹7.48 61
Multiples
P/E Multiple ₹507.31 ₹676.41 ₹845.51 63
P/S Multiple ₹507.31 ₹676.41 ₹845.51 58
P/B Multiple ₹507.31 ₹676.41 ₹845.51 55
EV/EBIT ₹560.14 ₹749.97 ₹939.80 53
EV/EBITDA ₹415.83 ₹557.55 ₹699.28 54
EV/Revenue ₹484.21 ₹695.73 ₹907.26 43
Asset-Based
NCAV (Graham) ₹160.45 ₹215.00 ₹320.90 50
Economic Profit
Residual Income ₹280.55 ₹319.37 ₹623.41 76
ROIC Compounder ₹441.11 ₹594.95 ₹715.62 72
Growth Earnings
Growth-Adj P/E ₹1,068 ₹1,526 ₹1,984 68

Widest divergence: Growth Earnings (₹1,526) versus Dividend Discount (₹6.39). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹1.7B
Revenue growth (YoY) +23.4%
Net margin 6.9%
Return on equity 13.2%
Free cash flow −₹142M FY2026
P/E ratio 12.6
More key figures
Operating margin 12.9%
EPS (TTM) ₹39.80
EPS growth (YoY) +44.5%
Net debt ₹107M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 53 · Market factors (momentum, volatility) 33

Profitability 61
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 15
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

Star Delta Transformers Limited manufactures, supplies, erects, tests, and commissions power and distribution transformers in India. The company operates through two segments, Manufacturing Division and Solar Power. It provides distribution and power transformers to electricity boards through direct orders and contractor companies.

Full company description

Star Delta Transformers Limited manufactures, supplies, erects, tests, and commissions power and distribution transformers in India. The company operates through two segments, Manufacturing Division and Solar Power. It provides distribution and power transformers to electricity boards through direct orders and contractor companies. The company also offers single, 3 phase, power, high voltage, solar/wind, and special purpose transformers. It provides turnkey contract services, such as supply, erection, and commissioning services for 33/11 KV substations and lines in Rewa, Satna, Shahdol, and Sidhi districts of Madhya Pradesh. The company operate 500KWp PV on-grid solar power plant in Gagorni, Rajgarh district of Madhya Pradesh. It also exports its products to Azerbaijan, Myanmar, and Afghanistan. The company was incorporated in 1977 and is based in Bhopal, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Star Delta Transformers Ltd reported revenue of ₹1.7B in FY2026 versus ₹297M in FY2022, a compound +55.3%/yr. Reported net income was ₹119M in FY2026, compounding +34.5%/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)
₹1.7B
Latest YoY
+22.0%
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.
+35.3%
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.
+57.1%
Avg. growth/yr (12Y) 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.
+8.3%
Revenue +55.3%/yr
FY22 ₹297M
FY23 ₹699M
FY24 ₹999M
FY25 ₹1.4B
FY26 ₹1.7B
Net income +34.5%/yr
FY22 ₹36.5M
FY23 ₹57.6M
FY24 ₹111M
FY25 ₹106M
FY26 ₹119M

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Cite: Fair Value Calculator (2026). "Star Delta Transformers Ltd Fair Value". https://www.fairvalue-calculator.com/stock/STARDELTA

Peer Group

Other · 384 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 55 · Above median
Fair Value upside +35% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 23% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Other median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than median
P/B 2.01× · Pricier than 75% of peers
P/S (TTM) 1.12× · Pricier than median
EV/EBITDA 11.5× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE80 · sector 10
FUTURE100 · sector 0
PAST53 · sector 0
HEALTH98 · sector 98
DIVIDEND2 · sector 27

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

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Frequently asked questions

Is Star Delta Transformers Ltd (STARDELTA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹676.41 versus a price of ₹500.30, about +35% (undervalued).
What is the fair value of STARDELTA?
Our model-based fair value for Star Delta Transformers Ltd is ₹676.41 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹500.30.
What is the quality score of STARDELTA?
Star Delta Transformers Ltd has a Quality Score of 55/100. 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 Star Delta Transformers Ltd (STARDELTA)?
Star Delta Transformers Ltd reported trailing-twelve-month revenue of about ₹1.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of STARDELTA?
The net profit margin of Star Delta Transformers Ltd is about 6.9%, meaning it keeps roughly 6.9% 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.

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