Star Delta Transformers Ltd (STARDELTA)

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Star Delta Transformers Ltd (STARDELTA) · mywealthgrid

About

Star Delta Transformers manufactures Heavy Electrical Equipment with a market cap of ₹148.8 Cr and quarterly revenue in the ₹32–38 Cr range. Operating as a small-cap player, it is exposed to power infrastructure and transmission capex cycles.

Face value: ₹10

Market cap

₹130 Cr

P/E

12.2×

P/B

1.4×

Dividend yield

ROE

13.2%

ROCE

18.6%

Debt / equity

0.11

OPM

9.8%

EPS (TTM)

₹35.4

Book value

₹320.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue stagnation: Eight consecutive quarters average ₹35 Cr with no growth trend
Earnings volatility obscures true economics: EPS ranged ₹0–₹22.92 across 8 quarters despite consistent profitability—verify share structure, dividends, or buybacks
No institutional investor backing: FII 0%, DII 0%—verify if reflects governance concerns, liquidity issues, or lack of analyst interest
Market skepticism reflected in returns: Stock down 19.45% over 1 year despite PE 14 valuation—verify if sector cyclicality or company-specific concern

Generated analysis · source review pending

Growth drivers

Margin expansion: OPM up from 9.26% (Sep 2024) to 11.59% (Mar 2025)—verify if operational efficiency or input-cost tailwinds are sustainable
Revenue at elevated levels: ₹37.63 Cr (Mar 2025) near 8-quarter high—verify if sustained uptick
Financial flexibility: D/E 0.01 provides balance-sheet capacity—verify deployment in sector capex cycles

Generated analysis · source review pending

1,869 historical price candles were omitted because the exchange source has not been verified.

₹433.3-4%1Y

Quick read

rule-based

Pros

+High return on capital employed of 20.4%
+Profit CAGR of 46.5% over the last 5 years
+Revenue CAGR of 51.5% over the last 5 years
+Comfortable interest coverage of 11.6×
+High promoter holding of 71.7% with no pledge

Cons

−Promoter holding fell 3.3 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

72/100

Business quality: 53
Growth: 76
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	73	63	60	108	65	22	37	71	140	142	173
COGS	—	—	-41	-83	-48	14	25	59	112	110	137
Gross profit	—	—	—	—	—	8	11	13	28	32	36
	69	58	96	182	109	8	10	7	15	17	19
	4	5	4	9	5	-0	2	5	13	15	17
OPM %	5.8%	8.1%	6.8%	8.1%	7.4%	-1.4%	4.6%	7.7%	9.4%	10.3%	9.8%
Depreciation	—	1	—	1	1	1	1	1	1	1	1
Interest	1	1	1	1	0	0	0	1	1	1	2
	2	2	1	1	2	4	5	4	4	1	1
Profit before tax	5	5	3	8	6	2	5	8	15	14	16
Tax	2	2	1	2	1	1	2	2	4	4	4
Tax %	33%	35.3%	32.9%	25.7%	22.3%	26.9%	30.2%	25.1%	26%	25.7%	25.6%
	3	3	2	6	4	2	4	6	11	11	12
PAT margin %	4.4%	5.1%	3.7%	5.2%	6.7%	8.2%	9.9%	8.1%	7.9%	7.5%	6.9%
EPS (₹)	10.8	10.7	7.3	18.7	14.1	5.9	—	38.4	37.1	35.4	39.8
EPS adjusted (₹)	—	—	—	—	—	5.9	12.2	19.2	37.1	35.4	39.8
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	3	3	3	3	3	3
Reserves	50	54	60	71	81	93
Minority interest	—	—	0	—	—	—
	1	1	3	2	2	11
	4	2	21	10	8	11
Total equity & liabilities	58	60	86	86	94	118
	6	6	5	5	6	8
CWIP	—	—	0	—	1	1
Investments	0	0	0	0	0	0
	51	54	81	81	88	109
Total assets	58	60	86	86	94	118

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-3	3	-16	-7	3	-11
	4	3	6	11	1	-2
	-0	-0	1	-2	-1	7
Net cash flow	1	5	-10	2	4	-6
Free cash flow	-3	3	-17	-8	2	-11
CFO / Operating profit %	—	161.5%	-301.3%	-53.6%	22.6%	-66.4%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	35.7%	31.2%	17.9%	20.3%	22.3%	21%
EBITDA margin %	8.1%	7.4%	-1.4%	4.6%	7.7%	9.4%	10.3%	9.8%
EBIT margin %	7.4%	6.1%	-5.3%	2.4%	6.6%	8.8%	9.8%	9.4%
PAT margin %	5.2%	6.7%	8.2%	9.9%	8.1%	7.9%	7.5%	6.9%
Working capital
Receivable days	—	—	165	98	172	88	113	125
Inventory days	—	—	217	102	140	88	79	84
Payable days	—	—	28	5	114	27	13	16
NWC days	—	—	353	195	198	149	178	193
Leverage
Current ratio	—	—	16.21	22.21	3.56	7	14.88	5.91
Debt to EBITDA	—	—	—	0.46	0.47	0.15	0.15	0.64
Debt to equity	—	—	0.01	0.01	0.04	0.03	0.03	0.11
Interest coverage	8.5	14.7	11.1	22.8	12.8	12	16.1	11.6
Asset turnover	—	—	0.38	0.61	0.83	1.63	1.51	1.46
Return ratios
Return on assets %	—	—	3.1%	6.1%	6.7%	13%	11.3%	10.1%
Return on capital employed %	—	—	4.9%	9.8%	13.8%	23.8%	18.7%	18.6%
Return on equity %	—	—	3.3%	6.4%	9.2%	15.1%	12.6%	12.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	71.66%	71.69%	71.69%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	28.34%	28.31%	28.31%
No. of shareholders	—	—	—	—	—	—	—	—	6,976	6,713	6,623	6,432

Promoter holding down 3.3 percentage points since Sep 2023.

11 deals · 19 Apr 2024 – 12 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
12 Feb 2026	BHOPAL WIRES PVT LTD	Bulk	BSE	Buy	20,000	₹477.50	₹0.96 Cr
12 Feb 2026	ARCHANA GUPTA	Bulk	BSE	Sell	20,000	₹477.50	₹0.96 Cr
11 Feb 2026	MANJU GUPTA	Bulk	BSE	Sell	30,000	₹481.50	₹1.44 Cr
11 Feb 2026	BHOPAL WIRES PVT LTD	Bulk	BSE	Buy	30,000	₹481.50	₹1.44 Cr
20 Nov 2025	RAKESH GUPTA	Bulk	BSE	Sell	35,000	₹661.49	₹2.32 Cr
20 Nov 2025	ARUN KOTHARI	Bulk	BSE	Buy	22,700	₹665.00	₹1.51 Cr
18 Nov 2025	SNEH LATA KOTHARI	Bulk	BSE	Buy	60,000	₹657.00	₹3.94 Cr
18 Nov 2025	KISHORE GUPTA	Bulk	BSE	Sell	50,000	₹657.00	₹3.29 Cr
18 Nov 2024	ISHAAN TRADEFIN LLP	Bulk	BSE	Buy	15,005	₹867.25	₹1.30 Cr
14 Jun 2024	SETU SECURITIES PVT. LTD.	Bulk	BSE	Buy	24,994	₹822.05	₹2.05 Cr

1–10 of 11

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. KISHORE GUPTAExecutive Director-Chairperson related to Promoter-MD
Mr. RAKESH GUPTAExecutive Director
Mr. MAYANK GUPTAExecutive Director
Mrs. SHALINI MATHURNon-Executive - Independent Director
Mr. AJAY GUPTANon-Executive - Independent Director
Mr. SHASHENDRA LAHRINon-Executive - Independent Director
Mr. Devyanshu TiwariCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Star Delta Transformers Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Final dividend18 Sept 2015 · ex-date₹0.5

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

5 announcementsExport CSV

30 Sept 2026, 2:15 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 1:49 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

7 Sept 2026, 5:52 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

4 Sept 2026, 12:58 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

4 Sept 2026, 12:50 pmAGM/EGM

Notice Of 50Th AGM Of Star Delta Transformers Limited

AGM PDF

Date	Category	Subject	Filing
30 Sept 2026, 2:15 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 1:49 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	35.7%	31.2%	17.9%	20.3%	22.3%	21%
EBITDA margin %	8.1%	7.4%	-1.4%	4.6%	7.7%	9.4%	10.3%	9.8%
EBIT margin %	7.4%	6.1%	-5.3%	2.4%	6.6%	8.8%	9.8%	9.4%
PAT margin %	5.2%	6.7%	8.2%	9.9%	8.1%	7.9%	7.5%	6.9%
Working capital
Receivable days	—	—	165	98	172	88	113	125
Inventory days	—	—	217	102	140	88	79	84
Payable days	—	—	28	5	114	27	13	16
NWC days	—	—	353	195	198	149	178	193
Leverage
Current ratio	—	—	16.21	22.21	3.56	7	14.88	5.91
Debt to EBITDA	—	—	—	0.46	0.47	0.15	0.15	0.64
Debt to equity	—	—	0.01	0.01	0.04	0.03	0.03	0.11
Interest coverage	8.5	14.7	11.1	22.8	12.8	12	16.1	11.6
Asset turnover	—	—	0.38	0.61	0.83	1.63	1.51	1.46
Return ratios
Return on assets %	—	—	3.1%	6.1%	6.7%	13%	11.3%	10.1%
Return on capital employed %	—	—	4.9%	9.8%	13.8%	23.8%	18.7%	18.6%
Return on equity %	—	—	3.3%	6.4%	9.2%	15.1%	12.6%	12.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Bharat Heavy Electricals LimitedBHELBHEL	₹1,46,596 Cr	₹1,54,783 Cr	₹35,993 Cr	₹3,383 Cr	6.9%	₹2,432 Cr	4.7%	6.8%	6.3%	119
Hitachi Energy India LimitedPOWERINDIAPOWERINDIA	₹1,39,553 Cr	₹1,39,553 Cr	₹9,163 Cr	₹1,424 Cr	15.4%	₹1,150 Cr	12.1%	28.8%	21%	-42
Cg Power And Industrial Solutions LimitedCGPOWERCGPOWER	₹1,38,443 Cr	₹1,38,443 Cr	₹12,821 Cr	₹1,638 Cr	13.1%	₹973 Cr	9.7%	26.2%	20.4%	48
Siemens Energy India LimitedENRINENRIN	₹1,18,724 Cr	₹1,18,724 Cr	₹9,436 Cr	₹2,024 Cr	19.3%	₹1,488 Cr	14.1%	33.8%	29%	-175
Ge Vernova T&D India LimitedGVT&DGVT&D	₹1,08,882 Cr	₹1,08,882 Cr	₹6,712 Cr	₹1,757 Cr	27.1%	₹1,305 Cr	19.9%	73.2%	55.3%	90
Suzlon Energy LimitedSUZLONSUZLON	₹53,473 Cr	₹53,737 Cr	₹17,429 Cr	₹3,019 Cr	18.1%	₹3,144 Cr	18.9%	31.7%	40.6%	117
Thermax LimitedTHERMAXTHERMAX	₹40,058 Cr	₹42,346 Cr	₹10,839 Cr	₹870 Cr	9.6%	₹593 Cr	6.7%	15.7%	13.7%	-0
Schneider Electric Infrastructure LimitedSCHNEIDERSCHNEIDER	₹30,495 Cr	₹30,939 Cr	₹2,920 Cr	₹336 Cr	12.8%	₹184 Cr	7.4%	28.5%	31.8%	61
Azad Engineering LimitedAZADAZAD	₹18,481 Cr	₹18,938 Cr	₹638 Cr	₹240 Cr	37.4%	₹139 Cr	22.2%	12.4%	9.1%	1,720
Triveni Turbine LimitedTRITURBINETRITURBINE	₹16,849 Cr	₹16,849 Cr	₹2,253 Cr	₹428 Cr	20.7%	₹336 Cr	16%	35.7%	26.3%	8
Karamtara Engineering LimitedKARAMTARAKARAMTARA	₹13,225 Cr	₹14,255 Cr	₹4,312 Cr	₹498 Cr	11.6%	₹229 Cr	5.3%	27.2%	20.8%	—
Atlanta Electricals LimitedATLANTAELEATLANTAELE	₹13,200 Cr	₹13,247 Cr	₹2,001 Cr	₹367 Cr	18.6%	₹224 Cr	10.9%	34.8%	21.7%	74

Star Delta Transformers Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

Announcements

Not in the F&O segment

No fund holdings on record

1

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Star Delta Transformers Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends1

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Dividends1

Board meetings1

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1