Companies›Industrials›Capital Goods›Electrical Equipment
NSE:TDPOWERSYS

TD POWER SYSTEMS LTD.

Capital Goods › Electrical Equipment·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 100+6
₹719.00
at close · 28 Oct 2026
▲ 34.00 (+4.96%)

Latest filings

  1. TD Power Systems allots 77.4 lakh shares via QIP at Rs 775 each, raises Rs 600 crore · Fund Raising
  2. TD Power Systems completes ₹600 crore QIP at near floor price · Fund Raising
  3. TD Power Systems QIP closes at Rs 775 per share, 0.05% below floor price · Fund Raising
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures AC generators sold primarily to gas turbine, steam turbine and gas engine original equipment manufacturers (OEMs) for use in power generation applications including AI data centres, grid stabilisation, renewables and oil and gas. AC generators make up 97% of turnover, with the balance from motors, spares and a small EPC line. Consolidated FY26 revenue was ₹1,856.23 crore (standalone ₹1,736.67 crore, up 35% YoY), with EBITDA margin of 18.91% and PAT of ₹238.77 crore. A third manufacturing facility in Tumkur was recently commissioned, taking the workforce to 730 permanent employees plus 820 workers. Exports dominate the order book — 79% of FY26 order inflows and 67% of turnover spread across 113 countries — and the order book stood at ₹1,972.90 crore at year end. FY26 order inflow was ₹22.38 bn, up 51% YoY. Materials are the largest cost at 69% of revenue.

Revenue mix · reported segments
Manufacturing100.0%
Engineering, Procurement and Construction (EPC)0.0%
Operating scale
AC generators share of turnover
97%FY26
Order book
₹1,972.90 croreFY26 end
FY26 order inflow
₹22.38 bn (+51% YoY)FY26
Export share of order inflow
79%FY26
Countries served
113FY26
Manufacturing facilities
Three, including newly commissioned Tumkur plantFY26
Who pays it
Gas turbine, steam turbine and gas engine OEMs globally, plus railway customers and direct buyers for AI data centre, power generation and grid projects
Biggest cost
Materials at 69% of revenue
Kind of business
Capital-goods manufacturer of electrical generators; order-book driven and exposed to global power-generation capex cycles
Where it sits
AC generator supplier (97% of turnover) selling largely into export markets through prime-mover OEMs
Market Cap
₹11,233 Cr
P / E (TTM)
40.9×
EV / EBITDA
27.8×
Div Yield
0.23%
Growth
25.6%▲
Revenue 5y CAGR
PAT +39.5% · EBITDA +33.6%
Quality
22.8%▲
ROCE (5y median)
ROE 16.8% (5y median) · margin 18.9%
Leverage
0.02·
Debt / Equity · low
Net cash ₹60 Cr
Revenue FY21→FY26
3.1×▲
Margin +5.2 pts
₹594 Cr → ₹1,856 Cr
Cash conversion
0.50×▼
Operating cash ÷ profit · 5 yrs
₹352 Cr on ₹699 Cr
Where it sits among 35 Heavy Electrical Equipment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#20/34
P/B#26/33
ROCE#7/36
ROE#10/34
Debt / Equity#14/34
EBITDA margin#14/35
Revenue growth#2/33
Profit growth#7/32

Scorecard

Measured from the filed financials, judged against its Heavy Electrical Equipment peers · as of FY26 — not investment advice

Strengths
Revenue compounding 26% a year over 5 years
Profit compounding 40% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 22.8% (5-year median)
#7 of 36 in Heavy Electrical Equipment on the latest reported figures · up from 12.7% in FY21
Debt at 0.02× equity
lower than 61% of its 34 Heavy Electrical Equipment peers
Concerns
Over 5 years it reported ₹699 Cr of profit and ₹352 Cr of operating cash — 0.50×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 164 days of cash tied up
Customers are taking longer to pay — 100 → 146 days of receivables
FY21 → FY26
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

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TDPOWERSYS · price

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Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

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Common questions

Answered from TD POWER SYSTEMS LTD.'s filed financials and exchange disclosures

What does TD POWER SYSTEMS LTD. do?

TD POWER SYSTEMS LTD. is a Electrical Equipment company listed on NSE and BSE, trading under the symbol TDPOWERSYS.

Is TD POWER SYSTEMS LTD. profitable?

Yes. Over the trailing twelve months TD POWER SYSTEMS LTD. reported a net profit of ₹275 Cr on revenue of ₹2,124 Cr.

Does TD POWER SYSTEMS LTD. pay a dividend?

Yes. The dividend yield is 0.23% at the current price. It paid out 11% of its profit as dividend in FY26.

Is TD POWER SYSTEMS LTD. debt-free?

On a net basis, yes. It reported borrowings of ₹18 Cr on its 31 Mar 2026 balance sheet, but holds ₹60 Cr more cash than debt.

Is TD POWER SYSTEMS LTD. expensive compared with its peers?

On trailing P/E, TD POWER SYSTEMS LTD. ranks 20 of 34 in Heavy Electrical Equipment — cheaper than 42% of them, against an industry median of 36.5×. This is a position, not a valuation judgement.

Where can I track TD POWER SYSTEMS LTD.'s announcements?

Every NSE and BSE filing by TD POWER SYSTEMS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.