As of 6 Nov 2026, TD Power Systems trades at 65.5× trailing earnings, above the industry P/E of 33.8×, and the shares are 33% below their 52-week high. It earns ROCE of 30% and ROE of 28%, and sales and net profit grew 29% and 35% a year over 3 years. It has almost no debt, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹18,532 Cr, ranked 11th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 63% over the past year.
- ₹620.00
- ₹626.95
- ₹557.05
- ₹669.20
- 1.9 Cr
Health check
- ReturnsAhead
+63.2% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 65.5 vs industry 33.8.
- GrowthStrong
Sales +29.2%, profit +35.1% a year over 3 years.
- ProfitabilityStrong
ROCE 30.3% vs peer median 24.8%.
- Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
- Red flags2 to check
P/E of 65.5 against an industry P/E of 33.8.
Small cap
Defensive
Key metrics
- Market cap
- ₹18,532 Cr
- Small cap
- P/E
- 65.5
- Industry 33.8
- Price to book
- 16.81
- Peers 9.16
- Dividend yield
- 0.16%
- ROE
- 28.5%
- Peers 19.1%
- ROCE
- 30.3%
- Peers 24.8%
- Debt to equity
- 0.02
- Debt ₹18 Cr
- EPS (TTM)
- ₹8.80
- Face value ₹1
- OPM (TTM)
- 18.0%
- Net margin 12.9%
- Sales growth
- +72.1%
- Latest quarter vs a year ago
- Profit growth
- +72.3%
- Latest quarter vs a year ago
- Price to sales
- 8.72
- EV/EBITDA 47.2
Strengths and risks
Strengths
- Return on equity of 28.5%.
- Return on capital employed of 30.3%.
- Practically debt-free.
- Quarterly profit up 72.3% on a year ago.
- Quarterly sales up 72.1% on a year ago.
Risks to check
- P/E of 65.5 against an industry P/E of 33.8.
- 33% below its 52-week high.
About TD Power Systems
TD Power Systems Limited, together with its subsidiaries, manufactures and sells AC generators and electric motors in India and internationally. The company offers steam turbine, gas turbine, hydro turbine, gas engine, and diesel engine generators; and induction, traction, and synchronous motors; and hydro, and diesel power plants, as well as geothermal and wind applications. It also provides design and manufacturing services; spares and refurbishment…
- Headquarters
- Bengaluru
- Employees
- 970
- Sector
- Industrials
- ISIN
- INE419M01035
- Website
- tdps.co.in
Price range
- Avg volume (3M)
- 32.6 L
- 1-year return
- plus 63.2%
- From 52-week high
- minus 32.7%
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 | 87.3 | 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% | 20.6% | 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% |
| TDPOWERSYSTD Power Systems | 576.50 | minus 13.85% | 18,532 | 65.5 | 54.9 | 30.3% | 18.0% | 0.02 | 29.2% | plus 63.2% |
| 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 | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 348 | 372 | 443 | 589 | 640 | |
| – | – | – | +69.2% | +72.1% | |
| 283 | 303 | 362 | 491 | 518 | |
| 65.5 | 68.8 | 80.4 | 97.9 | 122 | |
| 18.8% | 18.5% | 18.2% | 16.6% | 19.0% | |
| 10.7 | 4 | 4.2 | 8.1 | 2.6 | |
| 0.5 | 0.4 | 0.5 | 0.3 | 0.2 | |
| 5.4 | 5 | 5.8 | 7 | 7.2 | |
| 70.3 | 67.4 | 78.2 | 98.7 | 117 | |
| 24.6% | 25.7% | 28.0% | 26.9% | 26.2% | |
| 53 | 50.1 | 56.3 | 72.2 | 86.3 | |
| – | – | – | +36.2% | +72.3% | |
| 3.39 | 3.21 | 3.60 | 4.62 | 5.52 |
Profit & loss
- Sales CAGR 3Y
- +29.2%
- Profit CAGR 3Y
- +35.1%
- EPS CAGR 3Y
- +34.9%
- ROE
- 28.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 849 | 976 | 1,256 | 1,833 | |
| – | +14.9% | +28.8% | +45.8% | |
| 716 | 805 | 1,021 | 1,497 | |
| 134 | 171 | 235 | 335 | |
| 15.7% | 17.5% | 18.7% | 18.3% | |
| 15.8 | 12.6 | 19 | 15.6 | |
| 0.6 | 0.3 | 3.1 | 1.9 | |
| 20.7 | 21.1 | 19.7 | 23 | |
| 1.4 | −0 | 0.2 | 0.2 | |
| 130 | 162 | 232 | 326 | |
| 25.3% | 27.0% | 24.6% | 26.8% | |
| 96.8 | 118 | 175 | 239 | |
| – | +22.2% | +47.5% | +36.8% | |
| 6.22 | 7.58 | 11.17 | 15.28 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 31.2 | 31.2 | 31.2 | 31.2 | |
| 573 | 674 | 829 | 1,041 | |
| – | 0 | 12.2 | 18.1 | |
| 299 | 333 | 491 | 787 | |
| 903 | 1,038 | 1,364 | 1,877 | |
| 165 | 185 | 229 | 304 | |
| 25.7 | 24.2 | 46.7 | 36.8 | |
| 19.9 | 11 | 0 | 0 | |
| 119 | 169 | 144 | 144 | |
| 574 | 649 | 944 | 1,392 | |
| 903 | 1,038 | 1,364 | 1,877 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 88.6 | 84 | 39.5 | 129 | |
| −10.4 | −32.6 | −33.6 | −102 | |
| −89.1 | −15.7 | −6.7 | −20.6 | |
| −11 | 35.7 | −0.9 | 6.6 | |
| −20.7 | −44.7 | −56 | −111 | |
| 67.9 | 39.3 | −16.4 | 18.4 | |
| −18.7 | −15.6 | −18.7 | −25.8 |
Shareholding pattern
- Promoters26.51%
- Public73.49%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 12 Oct 2026 | 26.51% | 73.49% | minus 0.65 | |
| 30 Sep 2026 | 27.16% | 72.84% | plus 0.29 | |
| 30 Jun 2026 | 26.87% | 73.13% | 0.00 | |
| 31 Mar 2026 | 26.87% | 73.13% | 0.00 | |
| 31 Dec 2025 | 26.87% | 73.13% | – |
Major shareholders
Filings & events
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