TD Power SystemsNSE:TDPOWERSYS
Current view Q4 2026
Makes generators for gas power plants, with booming demand from AI data centres; order book more than doubled and management keeps beating its own targets. Caveats: very expensive stock and founders selling down heavily.
Latest exchange filings last 5 · 5 after Q4 2026
- 12 Sep ’26BSE and NSE granted in-principle approval for 12.5 lakh promoter shares at ₹600 each. ↗
- 10 Sep ’26Shareholders approved preferential issue up to Rs 75 crore and QIP capital raising at September 10 EGM. ↗
- 10 Sep ’26EGM on September 10, 2026 approved preferential issue up to ₹75 crore and QIP capital raising. ↗
- 25 Aug ’26Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 25 Aug ↗
- 18 Aug ’26Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Aug ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +69.3% | +33.0% | +28.6% | +25.6% |
| Operating profit | ▲ +50.8% | +22.5% | +31.9% | +32.5% |
| EPS | ▲ +35.9% | +28.3% | +35.1% | +39.2% |
| PAT | ▲ +35.9% | +28.6% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is PAT at +35.9%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Average58/100
Growing fast — and the market has noticed. Profit per share grew 35% a year, and buyers now pay more for each rupee of it than they did a year ago. Some of the re-pricing has already happened.
₹722 → ₹1,444 needs the P/E at 77× — it is 95× today, and has ranged 25× to 118× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 115× — it has traded there — high was 118×.
At ₹324 the price-tag on its earnings reaches the 42× it is being projected toward — the point where being cheap against that yardstick is used up.
Re-rated already, on growth that doesn't fully back it.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a mid-cap at ₹21,858 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 35.1% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 36%.
How it compares with its rivals Power · 6 of 46 listed
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| TD Power Systems | ₹760 | 86.3× | ₹23,751 Cr | 34.0% | +72.3% | +72.1% |
| A B B | ₹7,188 | 98.8× | ₹1.52 L Cr | 29.9% | +8.0% | +21.0% |
| B H E L | ₹432 | 61.9× | ₹1.50 L Cr | 9.1% | +182.7% | +40.3% |
| CG Power & Ind | ₹907 | 112.4× | ₹1.43 L Cr | 26.7% | +16.3% | +14.0% |
| Hitachi Energy | ₹31,820 | 119.1× | ₹1.42 L Cr | 29.4% | +123.5% | +68.6% |
| Siemens | ₹3,801 | 90.0× | ₹1.35 L Cr | 21.4% | −18.6% | +14.8% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | broadly flat | operating margin 18% → 19% over 3 years |
|---|---|---|
| Did the profit turn into cash? | under half — much of the profit is tied up | 59% last year, 57% over three · free cash flow ₹19 cr, positive in 3 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹18 cr — 0.02× its own equity (was 0.01×) |
| Is it being collected? | customers are taking longer to pay | 146 days to collect, up 21 in a year · cash cycle 173 days |
| Who has been buying? | the promoters have held steady | promoters 26.9%, 34.3% → 26.9% over 2.8 years · FIIs 26.2% (+2.5) · DIIs 23.9% (−1.4) · shareholders 51,763 → 1,34,081 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 34.0% · ROE 24.7% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 43.4% CAGR over last 5 years
Against it
- Stock is trading at 22.1 times its book value
- Promoter holding has decreased over last 3 years: -31.6%
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.