Quality Power Electrical Equipments logo

Quality Power Electrical Equipments

QPOWER NSE

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods
Market Cap
₹11,095 Cr
Volatility
Moderate
P/E Ratio
82.89
EBITDA
₹176 Cr
Return on Equity
16.87%
Debt to Equity
0.07
Book Value
₹69.99
52W High
₹1,570
52W Low
₹581

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company is expected to give good quarter

Weaknesses

2
  • Stock is trading at 20.4 times its book value
  • Earnings include an other income of Rs.66.1 Cr.

Growth Rate

Revenue Growth
141% higher than 3Y
Net Income Growth
83.2% higher than 3Y
Cash Flow Change
21.23% lower than 3Y
ROE
-42.13% lower than 3Y
ROCE
-45.92% lower than 3Y
EBITDA Margin (Avg.)
-43.18% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

Quality Power Electrical Equipments Ltd is a recently listed (Feb 2025) high-voltage electrical equipment company trading at a market cap of ₹8,805 Cr with a PE of ~47x and P/B of 16.1x. Consolidated FY26 revenue surged ~181% YoY to ~₹947 Cr driven by the Mehru acquisition and organic growth, while the order book stands at over ₹1,400 Cr providing near-term revenue visibility.

Bull Case 8
  • Revenue grew 181% TTM (FY26 consolidated sales ~₹947 Cr vs ₹337 Cr in FY25), demonstrating explosive top-line momentum
  • Compounded profit growth of 81% CAGR over 3 years and 90% TTM indicates rapid earnings scaling
  • Order book exceeds ₹1,400 Cr, offering approximately 1.5x FY26 revenue visibility for future execution
  • Company is almost debt-free, providing balance sheet flexibility to fund capacity expansion without dilution risk
  • 3-year average ROE of ~25% reflects strong capital efficiency and high return on deployed equity
  • New facility capable of supporting ~₹1,500 Cr in annual revenue positions the company for continued scale-up without immediate capex bottlenecks
  • Exposure to structural growth themes — HVDC (800 kV reactors), BESS (US$31 Mn in orders), data centers, and FACTS equipment — diversifies revenue streams
  • Promoter holding at 73.91% signals strong insider alignment; promoters waived FY26 dividend to conserve capital for growth
Bear Case 8
  • Stock trades at 16.1x book value, significantly above typical industrial sector multiples, pricing in substantial future growth
  • PE ratio of ~47x (trailing) leaves limited margin of safety if growth decelerates even modestly
  • Earnings quality concern: other income of ₹59.8 Cr included in reported profits — stripping this out would reduce net earnings meaningfully
  • Much of the revenue jump is inorganic via the ₹120 Cr Mehru acquisition (51% stake); organic growth rate is lower than headline 181% suggests
  • Company listed only in Feb 2025 with a tepid IPO (1.3x subscribed), leaving a limited public track record and sparse long-term financial history
  • Stock has appreciated 58% in just 1 year, raising the risk of mean-reversion or a de-rating if quarterly results disappoint
  • Dividend yield of just 0.09% offers negligible income return, making investors entirely dependent on capital appreciation
  • Institutional holding at only 8.26% implies limited large-fund conviction at current valuations, which can amplify volatility

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Positives 3
  • ₹315 Cr insulator acquisition Jun 9

    Signed term sheet to acquire 100% of Winwin Speciality Insulators for INR 315 Crores, adding high-voltage ceramic insulator manufacturing and a 47.7-acre land parcel in Visakhapatnam.

  • Japan FACTS system order ₹40.9 Cr Jul 4

    Subsidiary Endoks Enerji won international order in Japan for supply of FACTS system and equipment worth ₹40.9 Crores, scheduled for execution by December 2027.

  • ₹15.70 Cr Hitachi Energy order Jul 3

    Subsidiary Mehru Electrical secured multiple orders worth ₹15.70 crore from Hitachi Energy India for 400 KV transformers.

Neutral 2
  • Auditor appointments and ESOP approval Jun 30

    Appointed Bathiya Advisors LLP as internal auditor for three years, re-appointed R.S. Kale & Co. as cost auditor for FY27, and granted in-principle approval to a draft ESOP scheme.

  • Investor conference participation Jun 10

    Company officials to attend Avendus Spark and Systematix conferences on June 15-16, 2026, in Mumbai.

TL;DR: Quality Power is on a clear growth trajectory with steady order wins across subsidiaries (₹40.9 Cr Japan order, ₹15.70 Cr from Hitachi Energy) and a strategic ₹315 Cr acquisition to expand into high-voltage ceramic insulators. No visible headwinds in recent news flow. The order pipeline is diversifying geographically (Japan) and across product lines, suggesting an improving trend heading into H2 FY26.

Quarterly Results

Particulars Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
142
39
61
94
73
108
177
206
284
281
233
Expenses
131
26
38
86
55
92
146
170
205
251
192
Operating Profit
11
14
24
8
17
16
31
36
79
30
41
OPM %
8%
34%
38%
9%
24%
15%
18%
18%
28%
11%
18%
Other Income
6
9
18
8
6
21
17
13
0
29
24
Interest
1
0
1
1
1
0
1
2
1
2
1
Depreciation
1
1
1
1
1
2
3
3
3
4
4
PBT
15
22
41
14
22
36
44
44
74
53
59
Tax %
7%
19%
18%
5%
10%
14%
16%
21%
15%
13%
23%
Net Profit
14
18
33
13
20
30
37
35
63
51
47
EPS in Rs
74,933
2.11
4.34
1.62
1.92
2.51
3.12
3.14
5.03
4.38
4.66
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
183
253
302
337
947
1,003
Expenses
159
221
263
271
771
817
Operating Profit
23
32
39
65
176
186
OPM %
13%
13%
13%
19%
19%
19%
Other Income
29
20
30
54
60
66
Interest
1
3
2
2
7
7
Depreciation
2
2
3
5
13
14
PBT
49
48
63
112
216
232
Tax %
14%
16%
12%
11%
16%
—
Net Profit
42
40
55
100
186
195
EPS in Rs
1,10,133
1,37,400
5.19
8.54
15.67
17.21
Div. Payout %
0%
0%
0%
12%
6%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.15
0.15
72
77
77
Reserves
92
112
81
347
465
Borrowings
12
11
38
9
40
Other Liabilities
149
189
167
377
530
Total Liabilities
253
312
359
810
1,112
Fixed Assets
34
40
66
238
267
CWIP
0
1
2
2
73
Investments
0
31
48
37
19
Other Assets
219
241
243
533
754
Total Assets
253
312
359
810
1,112
Figures in ₹ Crores

Cash Flow

Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
9
44
52
62
80
Investing
-13
-55
-81
-100
-95
Financing
2
-4
25
171
18
Net Cash Flow
-3
-14
-4
134
3
Free Cash Flow
4
28
9
39
-31
CFO/OP
74
171
156
111
64
Figures in ₹ Crores

Ratios

Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
108
94
96
149
93
Inventory Days
139
109
43
185
74
Days Payable
93
120
116
167
105
Cash Conversion Cycle
154
82
23
167
63
Working Capital Days
44
5
-33
122
73
ROCE %
—
28%
31%
27%
32%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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55 extracted metrics + investor summaries across FY22–FY26.

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Shareholding Pattern

Others3.07%Promot.73.91%FIIs3.36%DIIs6.45%Public13.21%As ofJun 2026

Documents

Frequently Asked Questions about Quality Power Electrical Equipments

What does Quality Power Electrical Equipments Ltd do?
Incorporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies.[1]
Where is Quality Power Electrical Equipments Ltd (QPOWER) listed?
Quality Power Electrical Equipments Ltd trades as QPOWER on the NSE and under code 544367 on the BSE.
Which sector does Quality Power Electrical Equipments Ltd belong to?
Quality Power Electrical Equipments Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the market capitalisation of Quality Power Electrical Equipments Ltd?
Quality Power Electrical Equipments Ltd has a market capitalisation of ₹11,095 Cr, which places it in the Mid Cap band.
What is the PE ratio of Quality Power Electrical Equipments Ltd?
Quality Power Electrical Equipments Ltd trades at a PE ratio of 82.89, against a book value of ₹69.99 per share.
What is the 52-week high and low of Quality Power Electrical Equipments Ltd?
Over the last 52 weeks Quality Power Electrical Equipments Ltd has traded between ₹581 and ₹1,570.
Does Quality Power Electrical Equipments Ltd pay dividends?
Quality Power Electrical Equipments Ltd has a dividend yield of 0.02%.
What is the Return on Equity (ROE) of Quality Power Electrical Equipments Ltd?
Quality Power Electrical Equipments Ltd reported a return on equity of 16.87%. Its debt-to-equity ratio is 0.07.

Company Information

Incorporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies.[1]

Website qualitypower.com
Listed 2025-02-24
Face Value ₹ 10
Issued Size 7,74,44,100

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