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TD Power Systems Ltd.
NSE: TDPOWERSYS · Capital Goods
₹576.50-13.85%06 Nov 2026
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Instant answers about TD Power Systems Ltd. — computed from its filings, no language modelMarket cap₹9,007 cr
Current price₹576.50
High / Low₹826 / ₹312
P/E—
P/B8.40
Book value₹68.6
ROE0.0%
ROCE34.6%
Debt / equity0.02
Dividend yield0.29%
EPS (TTM)₹0.00
Face value₹2
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 438 | 459 | 515 | 594 | 797 | 872 | 1,001 | 1,279 | 1,856 |
| EBITDA | 8 | 27 | 33 | 66 | 92 | 130 | 167 | 231 | 330 |
| Operating margin | 1.9% | 5.9% | 6.4% | 11.1% | 11.5% | 14.9% | 16.7% | 18.0% | 17.8% |
| Interest | 7 | 3 | 5 | 4 | 2 | 1 | 0 | 3 | 2 |
| Depreciation | 27 | 26 | 22 | 22 | 22 | 21 | 21 | 20 | 23 |
| Profit before tax | -10 | 7 | 33 | 56 | 92 | 130 | 162 | 232 | 326 |
| Tax | 5 | 4 | 3 | 11 | 21 | 33 | 44 | 57 | 87 |
| Net profit | -14 | 3 | 30 | 45 | 0 | 0 | 0 | 175 | 0 |
| EPS ₹ | -4.34 | 0.98 | 9.76 | 14.83 | 22.96 | 6.23 | 7.58 | 11.18 | 15.29 |
| Operating cash flow | — | — | — | — | 11 | 89 | 84 | 40 | 129 |
| Capex | — | — | — | — | 15 | 21 | 27 | 56 | 111 |
| Dividend paid | — | — | — | — | 8 | 19 | 16 | 19 | 26 |
| Total assets | 708 | — | 757 | 785 | 907 | 903 | 1,038 | 1,364 | 1,877 |
| Equity | 483 | — | 456 | 502 | 558 | 605 | 705 | 860 | 1,072 |
Quarterly performance
last 34 quarters · ₹ crore| MAR '18 | JUN '18 | SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 160 | 73 | 98 | 88 | 201 | 90 | 139 | 135 | 151 | 74 | 183 | 169 | 168 | 163 | 227 | 180 | 227 | 205 | 213 | 205 | 250 | 220 | 274 | 243 | 264 | 274 | 306 | 350 | 348 | 372 | 452 | 443 | 589 | 640 |
| Operating profit | 14 | -4 | 5 | -2 | 28 | 2 | 10 | 7 | 15 | -5 | 28 | 24 | 19 | 15 | 24 | 22 | 31 | 28 | 26 | 33 | 43 | 39 | 47 | 40 | 42 | 48 | 56 | 61 | 65 | 69 | 83 | 80 | 98 | 122 |
| Operating margin | 8.7% | -5.5% | 4.8% | -2.3% | 14.2% | 1.8% | 7.0% | 5.1% | 9.9% | -6.8% | 15.2% | 14.3% | 11.3% | 9.4% | 10.6% | 12.1% | 13.5% | 13.6% | 12.1% | 16.2% | 17.4% | 17.5% | 17.2% | 16.4% | 15.9% | 17.7% | 18.1% | 17.5% | 18.8% | 18.5% | 18.3% | 18.2% | 16.6% | 19.0% |
| Other income | 1 | 2 | 2 | 5 | -1 | 4 | 3 | 5 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 8 | 7 | 6 | 0 | 6 | 4 | 3 | 5 | 5 | 3 | 6 | 4 | 11 | 4 | 5 | 4 | 8 | 3 |
| Interest | 2 | 1 | 2 | 0 | 0 | 1 | 1 | 2 | 1 | 2 | 1 | 2 | -0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Depreciation | 7 | 6 | 6 | 6 | 7 | 6 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 7 | 7 |
| Profit before tax | 7 | -9 | -1 | -4 | 21 | -2 | 8 | 5 | 22 | -10 | 23 | 25 | 18 | 13 | 21 | 25 | 33 | 28 | 27 | 29 | 46 | 37 | 45 | 40 | 41 | 46 | 56 | 60 | 70 | 67 | 82 | 78 | 99 | 117 |
| Tax | 3 | -1 | -0 | -0 | 6 | -1 | 2 | -2 | 3 | 0 | 4 | 4 | 3 | 3 | 5 | 5 | 8 | 7 | 7 | 9 | 11 | 10 | 12 | 10 | 12 | 10 | 15 | 15 | 17 | 17 | 22 | 22 | 27 | 31 |
| Net profit | 4 | 0 | 0 | -4 | 15 | 0 | 0 | 0 | 19 | 0 | 19 | 0 | 15 | 0 | 16 | 0 | 0 | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53 | 0 | 0 | 0 | 0 | 0 |
| EPS ₹ | 1.11 | -2.37 | -0.17 | -1.14 | 4.71 | -0.43 | 1.85 | 2.19 | 6.15 | -3.20 | 6.10 | 6.89 | 5.04 | 3.40 | 5.23 | 6.33 | 8.00 | 6.95 | 1.28 | 1.29 | 2.27 | 1.71 | 2.10 | 1.91 | 1.86 | 2.26 | 2.64 | 2.88 | 3.40 | 3.21 | 3.85 | 3.61 | 4.62 | 5.52 |
| Revenue YoY | — | — | — | — | 25.7% | 23.1% | 42.4% | 53.7% | -24.6% | -17.8% | 31.3% | 25.3% | 11.2% | 121.6% | 24.2% | 6.7% | 34.9% | 25.4% | -6.5% | 14.2% | 10.0% | 7.7% | 28.7% | 18.2% | 5.6% | 24.3% | 11.9% | 44.4% | 32.0% | 35.8% | 47.7% | 26.4% | 69.2% | 72.1% |
| Profit YoY | — | — | — | — | 316.8% | — | — | — | 22.4% | — | — | — | -18.3% | — | -13.7% | — | -100.0% | — | -100.0% | — | — | -100.0% | — | — | — | — | — | — | — | — | — | — | -100.0% | — |
Earlier results (standalone, Sep '11 – Dec '17)
₹ crore · from BSE, before the NSE XBRL filings beginTD Power Systems Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY13† | FY14† | FY15† | FY16† | FY17† | |
|---|---|---|---|---|---|
| Revenue | 424 | 354 | 405 | 455 | 369 |
| Operating profit | 44 | 34 | 38 | 31 | 15 |
| Operating margin | 10.3% | 9.5% | 9.3% | 6.8% | 3.9% |
| Other income | 26 | 30 | 17 | 19 | 18 |
| Interest | 3 | 4 | 4 | 5 | 4 |
| Depreciation | 12 | 15 | 28 | 28 | 28 |
| Profit before tax | 54 | 46 | 23 | 17 | 1 |
| Tax | 18 | 12 | 6 | 2 | 1 |
| Net profit | 36 | 34 | 17 | 15 | 0 |
Quarters
| SEP '11† | DEC '11† | MAR '12† | JUN '12† | SEP '12† | DEC '12† | MAR '13† | JUN '13† | SEP '13† | DEC '13† | MAR '14† | JUN '14† | SEP '14† | DEC '14† | MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 179 | 135 | 189 | 108 | 97 | 65 | 153 | 65 | 96 | 80 | 113 | 55 | 127 | 99 | 124 | 86 | 153 | 102 | 115 | 80 | 98 | 63 | 129 | 56 | 129 | 95 |
| Operating profit | 24 | 15 | 22 | 16 | 12 | 4 | 12 | -0 | 10 | 7 | 16 | -2 | 20 | 9 | 11 | 4 | 17 | 5 | 5 | 3 | 4 | -6 | 13 | -17 | 11 | 4 |
| Operating margin | 13.3% | 11.1% | 11.7% | 14.5% | 12.1% | 6.8% | 7.7% | -0.1% | 10.6% | 9.3% | 14.1% | -3.7% | 15.8% | 8.8% | 8.7% | 4.7% | 10.8% | 5.3% | 4.4% | 3.7% | 4.5% | -9.8% | 10.3% | -30.2% | 8.2% | 4.5% |
| Other income | — | 4 | 5 | 10 | 6 | 2 | 8 | 14 | 11 | 1 | 4 | 5 | 1 | 3 | 8 | 4 | 5 | 4 | 7 | 3 | 6 | 3 | 6 | 6 | 4 | 4 |
| Interest | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 |
| Depreciation | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Profit before tax | 19 | 16 | 24 | 23 | 14 | 2 | 16 | 10 | 17 | 4 | 15 | -5 | 13 | 4 | 11 | -0 | 13 | 1 | 3 | -2 | 2 | -11 | 11 | -20 | 6 | 23 |
| Tax | 6 | 4 | 8 | 8 | 4 | 0 | 6 | 3 | 5 | 2 | 1 | 0 | 2 | 3 | 1 | -0 | 4 | 0 | -2 | -0 | -0 | 1 | 0 | -1 | -0 | 3 |
| Net profit | 13 | 11 | 16 | 14 | 10 | 1 | 10 | 6 | 12 | 2 | 14 | -5 | 11 | 1 | 10 | 0 | 9 | 0 | 6 | -1 | 2 | -12 | 11 | -19 | 7 | 20 |
| EPS ₹ | 4.73 | 3.43 | 4.82 | 4.27 | 3.09 | 0.34 | 3.04 | 1.84 | 3.57 | 0.70 | 4.11 | -1.58 | 3.36 | 0.39 | 2.94 | 0.04 | 2.72 | 0.09 | 1.66 | -0.37 | 0.73 | -3.53 | 3.20 | -5.74 | 2.02 | 5.99 |
| Revenue YoY | — | — | — | — | -45.7% | -51.9% | -18.8% | -39.9% | -1.2% | 22.5% | -26.1% | -15.6% | 32.3% | 24.0% | 9.3% | 56.3% | 20.2% | 2.6% | -6.9% | -7.1% | -35.7% | -38.3% | 11.8% | -29.9% | 31.2% | 51.0% |
| Profit YoY | — | — | — | — | -19.0% | -90.2% | -37.0% | -57.0% | 15.7% | 108.0% | 35.5% | -185.9% | -6.1% | -44.2% | -28.6% | — | -19.0% | -76.9% | -43.5% | -1038.5% | -73.3% | -4010.0% | 92.9% | — | 178.8% | — |
Returns & margins
trailing-twelve-month, per quarter| DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.0% | 2.4% | 2.4% | 2.4% | 3.2% | 4.1% | 4.1% | 8.2% | 8.2% | 6.8% | 6.8% | 6.3% | 6.3% | 2.9% | 6.7% | 3.9% | 3.9% | 3.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.2% | 6.2% | 5.5% | 5.5% | 0.0% | 0.0% |
| ROCE | -0.5% | 1.9% | 3.2% | 4.6% | 6.5% | 7.3% | 6.0% | 8.9% | 12.8% | 11.0% | 15.0% | 14.5% | 14.1% | 15.0% | 17.3% | 20.6% | 21.3% | 21.6% | 23.0% | 23.9% | 25.6% | 23.0% | 24.4% | 23.9% | 26.5% | 26.9% | 29.3% | 28.2% | 30.1% | 30.1% | 34.6% |
| Net margin | -0.0% | 2.5% | 2.4% | 2.2% | 2.7% | 3.7% | 3.8% | 6.9% | 6.5% | 5.7% | 5.0% | 4.3% | 4.3% | 2.0% | 4.5% | 2.6% | 2.5% | 2.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.1% | 3.9% | 3.5% | 3.3% | 0.0% | 0.0% |
| EBITDA margin | 3.0% | 5.9% | 6.9% | 7.3% | 8.3% | 6.4% | 5.3% | 8.2% | 10.7% | 11.1% | 12.6% | 11.4% | 10.9% | 11.5% | 12.4% | 12.8% | 13.8% | 14.9% | 15.9% | 17.1% | 17.1% | 16.7% | 16.8% | 17.1% | 17.3% | 18.0% | 18.2% | 18.3% | 18.4% | 17.8% | 18.0% |
| Debt / equity | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.15 | 0.10 | 0.10 | 0.10 | 0.10 | 0.13 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.04 | 0.04 | 0.02 | 0.02 |
| Interest coverage | -0.68 | 3.62 | 5.04 | 8.26 | 8.08 | 7.01 | 5.23 | 7.40 | 10.90 | 13.64 | 21.49 | 33.13 | 79.05 | 45.69 | 59.45 | 57.23 | 67.14 | 123.22 | 630.82 | 1423.18 | 1288.62 | 507.87 | 116.45 | 76.31 | 74.22 | 76.70 | 111.11 | 143.40 | 141.45 | 172.64 | 225.92 |
| Asset turnover | 0.59 | 0.65 | 0.67 | 0.73 | 0.80 | 0.68 | 0.66 | 0.72 | 0.76 | 0.76 | 0.87 | 0.93 | 0.94 | 0.88 | 0.93 | 0.96 | 0.99 | 0.97 | 0.98 | 0.95 | 0.99 | 0.96 | 1.02 | 0.89 | 0.98 | 0.94 | 1.01 | 1.03 | 1.09 | 0.99 | 1.13 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '17‡ | MAR '18‡ | MAR '20‡ | MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 33 | 33 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Other equity / reserves | 471 | 449 | 425 | 471 | 527 | 525 | 573 | 624 | 674 | 741 | 829 | 930 | 1,041 |
| Total equity | 504 | 483 | 456 | 502 | 558 | 556 | 605 | 655 | 705 | 772 | 860 | 961 | 1,072 |
| Borrowings | 45 | 69 | 68 | 52 | 71 | 0 | 0 | 0 | 0 | 0 | 12 | 36 | 18 |
| Current liabilities | — | — | — | — | — | 285 | 158 | 182 | 325 | 442 | 492 | 512 | 793 |
| Non-current liabilities | — | — | — | — | — | 15 | 140 | 163 | 7 | 9 | 12 | 10 | 12 |
| Total assets | 749 | 708 | 757 | 785 | 907 | 856 | 903 | 1,000 | 1,038 | 1,223 | 1,364 | 1,484 | 1,877 |
| Property, plant & equipment | 231 | 210 | 178 | 170 | 160 | 155 | 155 | 157 | 159 | 165 | 181 | 181 | 264 |
| Capital work-in-progress | 0 | 0 | 1 | 0 | 1 | 2 | 0 | 2 | 1 | 3 | 17 | 48 | 17 |
| Investments | 0 | 0 | 20 | 20 | 20 | 20 | 20 | 10 | 10 | 0 | 0 | 0 | 0 |
| Inventories | 80 | 82 | 144 | 189 | 209 | 196 | 199 | 253 | 250 | 322 | 377 | 390 | 503 |
| Receivables | 161 | 185 | 173 | 162 | 241 | 170 | 269 | 285 | 307 | 386 | 437 | 512 | 742 |
| Cash & equivalents | 45 | 52 | 81 | 47 | 55 | 72 | 42 | 77 | 76 | 84 | 75 | 63 | 78 |
Cash flow
annual · ₹ crore · line = free cash flow| FY20‡ | FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | 56 | -3 | 11 | 89 | 84 | 40 | 129 |
| Cash from investing | 0 | -8 | -5 | -10 | -33 | -34 | -102 |
| Cash from financing | -17 | -20 | 11 | -89 | -16 | -7 | -21 |
| Capex | 13 | 15 | 15 | 21 | 27 | 56 | 111 |
| Free cash flow | 42 | -18 | -4 | 68 | 57 | -16 | 18 |
| Dividends paid | 13 | 2 | 8 | 19 | 16 | 19 | 26 |
Where the assets sit
Mar '26 · ₹ croreFixed assets (PPE)₹264 cr14%
CWIP₹17 cr1%
Investments₹0 cr0%
Inventories₹503 cr27%
Receivables₹742 cr40%
Cash & equivalents₹78 cr4%
Other assets₹271 cr14%
Peer comparison
largest in Capital Goods · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Hindustan Aeronautics Ltd. | 3,33,052 | 4,980.00 | 35.7 | 8.12 | 22.7% |
| Bharat Electronics Ltd. | 2,89,468 | 396.00 | 45.2 | 11.02 | 24.4% |
| Tata Motors Ltd. | 1,56,797 | 425.50 | 24.8 | 10.26 | 41.3% |
| Bharat Heavy Electricals Ltd. | 1,45,828 | 418.80 | 50.7 | 5.45 | 10.8% |
| ABB India Ltd. | 1,43,541 | 6,774.00 | 55.7 | 15.37 | 27.6% |
| Siemens Ltd. | 1,26,736 | 3,560.00 | 28.2 | 8.02 | 28.4% |
| Hitachi Energy India Ltd. | 1,23,988 | 27,800.00 | 107.8 | 23.95 | 22.2% |
| CG Power and Industrial Solutions Ltd. | 1,21,786 | 773.00 | 89.1 | 13.94 | 15.6% |
| Polycab India Ltd. | 1,18,610 | 7,871.00 | 37.6 | 9.06 | 24.1% |
| Cummins India Ltd. | 1,12,233 | 4,048.80 | 49.8 | 13.52 | 27.1% |
| TD Power Systems Ltd. | 9,007 | 576.50 | — | 8.40 | 0.0% |
StoxGud checklist: Neutral setup · 4/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-29.8%
6 months-7.4%
1 year+72.3%
3Y CAGR+66.6%
5Y CAGR+77.4%
10Y CAGR+41.2%
50-day avg₹742.23
200-day avg₹584.29
RSI (14)28
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FAQs
What is the share price of TD Power Systems Ltd.?
TD Power Systems Ltd. (TDPOWERSYS) closed at ₹576.50 on NSE on 06 Nov 2026.
What is the market cap of TD Power Systems Ltd.?
₹9,007 crore at the latest close.
How fast is TD Power Systems Ltd. growing?
TD Power Systems Ltd.: revenue has compounded at 28.6% a year over three years. Latest-quarter revenue is up 72.1% year on year.
How profitable is TD Power Systems Ltd.?
On a trailing-twelve-month basis return on equity is 0.0%, return on capital employed 34.6%, operating margin 18.0%, net margin 0.0%.
How much debt does TD Power Systems Ltd. have?
TD Power Systems Ltd. is debt-free: debt to equity is 0.02 with borrowings of ₹18 cr against cash of ₹78 cr (balance sheet of 2026-03-31). Operating profit covers interest 225.9 times.
Financials parsed from TD Power Systems Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.
TD Power Systems Ltd. · advanced chart