āagman

Not investment advice. Data and computed figures, for information only.

TD Power Systems Ltd

NSE: TDPOWERSYS
₹734.75
−₹48.95 (−6.25%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹24,900 Cr
CMP
₹734.75
52-wk High / Low
₹1,598 / 595
P/E
90.6
P/B
23.2
Book Value
₹34.3
Div Yield
0.13%
ROCE
34.0%
ROE
24.7%
Face Value
₹1
D/E
0.02

Price+22.4% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹77
√(22.5 × EPS × book value per share)
ROIC
21.0%
vs 12.3% sector median
Cash flow to profit
0.54
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+51
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
21.8%
ROE × earnings retention ratio
ROE stability
3.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.28FII −3.83DII +5.70
Latest quarter vs the previous one
Cash-accrual divergence
6.8%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 35.7% since FY2016 (28 to 18)
+FII holding rose by 21.0pp over the last year
Watch-outs
−Price trades below its 200-day moving average (0.8x)
−Price is 54.0% below its 52-week high
−Annualised volatility of 87.0% is in the high band (≥45%)
−Promoter holding fell by 31.4pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales220274243264274306350348372452443589640
Expenses182227203222225251289283303370362491518
Operating Profit394740424856616569838098122
OPM %17.7%17.2%16.5%15.9%17.5%18.3%17.4%18.7%18.5%18.4%18.1%16.6%19.1%
Other Income43553641145483
Interest0000110001100
Depreciation5555555555677
Profit before tax374540414656607067827899117
Net Profit27333029354145535060567286
EPS (₹)0.851.050.960.931.131.321.441.701.601.931.802.312.76

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5975073804354595155947978721,0011,2791,8562,124
Expenses5814983694244294775237017398291,0431,5211,742
Operating Profit169111030387197134171235335383
OPM %2.7%1.8%2.9%2.3%6.5%7.4%12.0%12.2%15.4%17.1%18.4%18.0%18.0%
Other Income2420201692716242116242120
Interest67696109744882
Depreciation29292827262222222121202325
Profit before tax6−7−4−107335692130162232326376
Net Profit−1−9−4−14330457097118175239275
EPS (₹)−0.02−0.28−0.13−0.430.100.971.462.273.103.795.597.648.80

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital333333333131313131313131—
Reserves4614404374163853944404965736748291,041—
Borrowings5728456961685271001218—
Other Liabilities345292233190271265262309299333491787—
Total Liabilities8967937497087487577859079031,0381,3641,877—
Fixed Assets272258233213198180174166163186207294—
CWIP01111111011717—
Investments000010202020201000—
Other Assets6245345154955395575907207208421,1401,566—
Total Assets8967937497087487577859079031,0381,3641,877—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity47−13−20−34856−311898440129
Cash from Investing Activity−3293−130−11−14−13−34−34−105
Cash from Financing Activity−12−3517−45−17−2011−89−16−7−21
Net Cash Flow32−46−97−1039−348−1334−13

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %2.00.01.00.03.06.012.016.022.025.030.034.0
ROE %———————————24.7
EPS (₹)−0.02−0.28−0.13−0.430.100.971.462.273.103.795.597.64
Book Value (₹)———————————34.3
Face Value (₹)———————————1
P/E———————————90.6
Div Yield %———————————0.13
NPM %−0.2−1.7−1.0−3.10.65.57.48.510.911.613.412.7
OPM %2.81.82.82.47.07.012.012.015.017.018.018.0
D/E0.120.060.100.150.150.160.110.130.000.000.010.02
P/B———————————23.2

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+14.0%
5 years+26.0%
3 years+29.0%
TTM+54.0%
Compounded profit growth
10 years+40.0%
5 years+43.0%
3 years+36.0%
TTM+45.0%
Stock price CAGR
10 years+46.0%
5 years+88.0%
3 years+84.0%
Last year+164.0%
Return on equity
10 years13.0%
5 years20.0%
3 years22.0%
Last year25.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.05%54.05%54.05%54.05%57.88%58.55%58.97%58.65%58.51%34.27%33.22%26.87%27.15%
FIIs5.17%5.17%5.17%6.15%2.68%2.69%2.74%2.05%1.85%12.85%19.12%26.69%22.86%
DIIs20.30%20.30%20.30%20.45%18.50%17.41%12.57%11.97%15.42%32.36%24.91%22.24%27.94%
Government—————————————
Public20.48%20.48%20.48%19.35%20.94%19.54%24.51%26.73%24.03%20.53%22.74%24.20%22.05%
No. of shareholders6,9716,9716,9718,5388,6227,9008,89213,35227,87268,4161,00,7411,15,0891,49,005
Change since Jun 2023 (pp)
Promoters −26.90FIIs +17.69DIIs +7.64Public +1.57

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Qualified Institutional PlacementReceipt Of Trading Approval For 12,50,000 Equity Shares Allotted On Preferential Basis.Receipt Of Listing Approval For 12,50,000 Equity Shares Allotted On Preferential BasisAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 24 Aug 2026
24 Aug 2026SPLITFace Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share2 : 1
5 Aug 2026DIVIDENDDividend - Rs 1.10 Per Share—
6 Nov 2025DIVIDENDInterim Dividend - Re 1 Per Share—
30 Jul 2025DIVIDENDDividend - Re 0.65 Per Share—
11 Nov 2024DIVIDENDInterim Dividend - Re 0.60 Per Share—
6 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 0.60 Per Share—
22 Nov 2023DIVIDENDInterim Dividend - Re 0.50 Per Share—
2 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Re 0.50 Per Share—
20 Feb 2023DIVIDENDInterim Dividend - Re 0.50 Per Share—
31 Oct 2022SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
19 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 3.50 Per Share—
16 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 2.50 Per Share—
17 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 0.75 Per Sh—
24 Feb 2020DIVIDEND Interim Dividend - Rs 1.50 Per Share—
1 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
18 Sep 2018DIVIDEND Annual General Meeting/Dividend Rs 1.8 Per Share—
19 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.80 Per Share—
14 Sep 2016DIVIDEND Annual General Meeting/Dividend - Rs 3.05/- Per Share—
15 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 2.645/- Per Share—
1 Aug 2014DIVIDENDAnnual General Meeting / Dividend - Rs 2.30/- Per Share—
11 Sep 2013DIVIDENDAnnual General Meeting/Dividend Rs 2/- Per Share—
5 Jul 2012DIVIDENDAnnual General Meeting/Dividend Rs 2 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman