On 6 Nov 2026, Star Delta Transformers was priced at ₹454.75, or 11.5× trailing earnings, against an industry P/E of 33.8×, and the shares are 37% below their 52-week high. It earns ROCE of 17% and ROE of 13%, and sales and net profit grew 27% and 27% a year over 3 years. Debt is 0.11× equity. It is a small-cap company with a market cap of ₹136 Cr, ranked 104th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 24% over the past year.
- ₹469.30
- ₹469.30
- ₹432.00
- ₹465.25
- 1.5K
Health check
- ReturnsBehind
−24.2% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 11.5 vs industry 33.8.
- GrowthStrong
Sales +27.0%, profit +27.5% a year over 3 years.
- ProfitabilityWeak
ROCE 16.6% vs peer median 24.8%.
- Balance sheetFair
Debt 0.11× equity, interest covered 29.2×, Piotroski 4 of 9.
- Red flags2 to check
Quarterly profit down 38.2% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹136 Cr
- Small cap
- P/E
- 11.5
- Industry 33.8
- Price to book
- 1.42
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- 13.2%
- Peers 19.1%
- ROCE
- 16.6%
- Peers 24.8%
- Debt to equity
- 0.11
- Debt ₹11 Cr
- EPS (TTM)
- ₹39.51
- OPM (TTM)
- 8.9%
- Net margin 6.1%
- Sales growth
- +24.0%
- Latest quarter vs a year ago
- Profit growth
- −38.2%
- Latest quarter vs a year ago
- Price to sales
- 0.76
- EV/EBITDA 8.7
Strengths and risks
Strengths
- Quarterly sales up 24.0% on a year ago.
- P/E of 11.5 against an industry P/E of 33.8.
Risks to check
- Quarterly profit down 38.2% on a year ago.
- 37% below its 52-week high.
About Star Delta Transformers
Star Delta Transformers Limited manufactures, supplies, erect, tests, and commisions power and distribution transformers in India. The company operates through Manufacturing of Transformers and Solar Power segments. It offers distribution and power transformers, which include single phase, 3 phase, power, extra high voltage, solar/wind, and special purpose transformers to various electricity boards through direct orders from Discoms and contractor…
- Headquarters
- Bhopal
- Employees
- 75
- Sector
- Industrials
- ISIN
- INE541K01014
- Website
- stardeltatransformers.com
Price range
- Avg volume (3M)
- 3.3K
- 1-year return
- minus 24.2%
- From 52-week high
- minus 36.7%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| STARDELTAStar Delta Transformers | 454.75 | minus 2.26% | 136 | 11.5 | 8.6 | 16.6% | 8.9% | 0.11 | 27.0% | minus 24.2% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 30.2 | 43.6 | 52.8 | 46.4 | 37.5 | |
| 27.2 | 39.3 | 49.2 | 40.4 | 35.4 | |
| 3 | 4.3 | 3.6 | 6.1 | 2.1 | |
| 9.9% | 9.9% | 6.9% | 13.1% | 5.5% | |
| 0.6 | 0.6 | 0.5 | 0.3 | 0.2 | |
| 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | |
| 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | |
| 3 | 4.3 | 3.5 | 6 | 1.9 | |
| 25.2% | 8.0% | 41.2% | 26.0% | 25.2% | |
| 2.3 | 4 | 2.1 | 4.4 | 1.4 | |
| 7.57 | 13.24 | 6.87 | 14.73 | 4.67 |
Profit & loss
- Sales CAGR 3Y
- +27.0%
- Profit CAGR 3Y
- +27.5%
- EPS CAGR 3Y
- +27.5%
- ROE
- 13.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 69.9 | 99.9 | 71.2 | 143 | |
| – | +42.9% | minus 28.7% | +101.1% | |
| 64.5 | 86.7 | 56.5 | 126 | |
| 5.5 | 13.3 | 14.8 | 17 | |
| 7.8% | 13.3% | 20.7% | 11.9% | |
| 3.2 | 1.4 | 0.8 | 0.3 | |
| 0.3 | 0.7 | 0.5 | 0.6 | |
| 0.8 | 0.7 | 0.8 | 0.7 | |
| 0.1 | 1.7 | 0.1 | −0 | |
| 7.7 | 15 | 14.3 | 16 | |
| 25.1% | 26.0% | 25.7% | 25.6% | |
| 5.8 | 11.1 | 10.6 | 11.9 | |
| – | +93.0% | minus 4.4% | +12.3% | |
| 19.19 | 37.05 | 35.42 | 39.79 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3 | 3 | 3 | 3 | |
| 59.6 | 70.7 | 81.3 | 93.3 | |
| 2.7 | 2 | 2.4 | 10.9 | |
| 20.6 | 10 | 7.4 | 11 | |
| 85.8 | 85.8 | 94.2 | 118 | |
| 5.2 | 5.1 | 7.3 | 8.7 | |
| – | – | 0.9 | 0.6 | |
| 0.5 | 2.6 | 6.6 | 0.4 | |
| 80.1 | 78 | 79.4 | 108 | |
| 85.8 | 85.8 | 94.2 | 118 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −16.5 | −7 | 3.3 | −11.3 | |
| 5.6 | 11.1 | 1.1 | −1.8 | |
| 1.1 | −1.9 | −0.7 | 7 | |
| −9.8 | 2.1 | 3.7 | −6.1 | |
| −0.3 | −0.6 | −2.3 | −2.9 | |
| −16.8 | −7.7 | 1 | −14.2 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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