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Swing Capital

TD Power Systems Ltd

NSE: TDPOWERSYS BSE: 533553Energy

TD Power Systems Ltd is engaged in manufacturing AC generators and Electric motors for various applications which are specifically designed to suit the needs of the customers based on their requirements and specifications.[1]

₹1,323
52W: ₹453 — ₹1358
PE 94.4 · Book ₹65.9 · +1908% vs book
Market Cap₹20,666 Cr
Stock P/E94.4Price to Earnings
ROCE31.6%Return on Capital
ROE23.4%Return on Equity
Div. Yield0.1%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 65.9% CAGR over last 5 years

Weaknesses

  • −Stock is trading at 20.1 times its book value
  • −Company has high debtors of 151 days.
  • −Promoter holding has decreased over last 3 years: -31.6%

Shareholding Pattern

Promoters26.87%
FIIs26.69%
DIIs22.24%
Public24.2%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters34.27%34.27%34.26%▼0.033.22%▼1.026.87%▼6.326.87%26.87%26.87%
FIIs14.84%16.24%▲1.417.79%▲1.619.12%▲1.323.7%▲4.623.55%▼0.124.36%▲0.826.69%▲2.3
DIIs31.53%29.64%▼1.926.9%▼2.724.91%▼2.025.3%▲0.425.39%▲0.123.19%▼2.222.24%▼1.0
Public19.34%19.85%▲0.521.02%▲1.222.74%▲1.724.13%▲1.424.18%▲0.125.56%▲1.424.2%▼1.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales230268264304321376358396429534
Expenses194223218250269317293327352444
Operating Profit37444554525965697790
OPM %16%17%17%18%16%16%18%17%18%17%
Net Profit29353241374448515563
EPS ₹1.842.232.052.62.382.813.073.253.524.02

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,717Cr, up 35.7% YoY. OPM at 18%.

Debt Position

Borrowings at ₹18Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.

Capex Cycle

CWIP at ₹17Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 22.24% (+5.91pp change). FIIs: 26.69% (+24.08pp change). Promoters hold 26.87%.

Margin & Efficiency

ROCE improving from 5% (Mar 2015) to 32% (Mar 2026). Working capital days: 121.

Valuation

PE 94.4x with 31.6% ROCE. Price is 1908% above book value of ₹65.9. Dividend yield: 0.1%.

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