Manufactures distribution transformers sold primarily to state-owned power distribution companies. Products include 11 KV CRGO and Amorphous Metal distribution transformers across ratings such as 10 KVA, 100 KVA, and 63-1250 KVA. Recent order wins include a Rs 63 crore Letter of Award from Madhya Gujarat Vij Company Ltd (MGVCL) for 12,000 units of 10 KVA aluminium-wound transformers to be delivered across FY 2026-27, a Rs 7.14 crore order from MGVCL for 478 units of 100 KVA amorphous metal transformers, and a Rs 3 crore two-year rate contract from TP Southern Odisha Distribution Ltd (TPSODL). Pricing on these contracts is linked to an IEEMA price variation formula. Materials account for 76.5% of FY26 revenue, employee costs 11.4%, other operating expenses 12.6%, and depreciation 3.4%, with FY26 revenue of Rs 31.865 crore. The board has approved the slump sale of its Vadodara (Gujarat) unit to KASST Industries for Rs 18 crore as a going concern; this unit contributed Rs 1,049.30 lakhs (about 32% of FY26 revenue) but posted losses of Rs 272.48 lakhs and has accumulated losses of Rs 1,581.15 lakhs. The company is registered as an MSME in Odisha and is headquartered in Bhubaneswar. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacturing and supply of distribution transformers. Small-cap electrical equipment manufacturer focused on distribution transformers for power utilities, with MSME status in Odisha
| ₹ crore · consolidated | FY19 |
|---|---|
| Revenue | 65 |
| EBITDA (ex other income) | 1 |
| margin % | 1.8 |
| Owners' profit | (1) |
| EPS, as reported (₹) | (1.54) |
| ROE % · ROCE % | (3.6) · 0.9 |
| Debt / equity (x) | 0.18 |
| Cash from operations | — |
| Capex | — |
| ₹ crore | Q4 FY19 |
|---|---|
| Revenue | 0 |
| Profit before tax | 0 |
| Net profit | 0 |
| EPS (₹) | 0.00 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED | 75,508 | 19.8 | 5.03 | 12.2 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 70,293 | 59.5 | 13.03 | 36.9 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 44,224 | 26.2 | 10.26 | 18.0 | 35.0 | 25.7 | — | 30.8 |
| EMMVEE PHOTOVOLTAIC PWR L | 23,872 | 17.9 | 6.46 | 13.3 | 29.3 | 31.2 | — | 36.3 |
| MTAR TECHNOLOGIES LIMITED | 22,531 | 168.8 | 27.39 | 120.2 | 11.4 | 12.4 | 28.9 | 25.8 |
| DIAMOND POWER INFRA LTD | 19,448 | 98.9 | — | 94.7 | (26.2) | 8.6 | — | 12.3 |
| AVALON TECHNOLOGIES LTD | 15,293 | 114.3 | 21.19 | 76.2 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 9,830 | 13.7 | 4.43 | 12.1 | 26.7 | 22.7 | 50.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 17 Aug 2026 · Alfa Transformers Q1 FY27 results published in newspapers, losses widen | compliance | minimal | — | — |
| 6 Aug 2026 · Board meeting on 13 Aug to consider Q1 FY27 results | results | low | — | — |
| 29 Jul 2026 · AGM results: All 11 resolutions approved, including sale of Vadodara unit | board shareholder meetings | low | — | — |
| 28 Jul 2026 · Alfa Transformers re-appoints Secretarial Auditor for third term | management changes | medium | — | — |
| 28 Jul 2026 · Internal Auditor Resignation Approved by Shareholders | management changes | medium | — | — |
| 28 Jul 2026 · Shareholders approve director re-appointments and one new director | management changes | medium | — | — |
| 28 Jul 2026 · Alfa Transformers Appoints PBM and Associates as Internal Auditor for Two Years | management changes | medium | — | — |
| 28 Jul 2026 · Alfa Transformers appoints Goutam & Co as Statutory Auditor for 5 years | management changes | medium | — | — |
| 28 Jul 2026 · Alfa Transformers 44th AGM: Vadodara unit sale approved, all 11 resolutions passed | board shareholder meetings | medium | — | — |
| 18 Jul 2026 · Addendum to 44th AGM Notice - Director Appointment Added | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 22.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.8 | 3.6 | 4 of 49 | 94% |
| ROCE | (3.5) | 12.3 | 51 of 56 | 9% |
| ROE | (3.6) | 11.5 | 47 of 53 | 12% |
| Debt / Equity | 0.2 | 0.2 | 26 of 53 | 52% |
| Market cap | 30 | 641 | 50 of 56 | 11% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
