Voltamp Transformers Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹10,011 Cr
- Book Value
- ₹1,771
- Stock P/E
- 31.6
- Dividend Yield
- 1.01%
- ROE
- 17.4%
- ROCE
- 23.5%
- PEG Ratio
- 1.20
- EV/EBITDA
- 22.8
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Voltamp Transformers share price today
Voltamp Transformers (NSE: VOLTAMP) is the conservative craftsman of India’s transformer boom: four decades of Vadodara manufacturing, specialist leadership in dry-type transformers (the fire-safe units that buildings, metros, data centres and industrial plants must use indoors), plus oil-filled distribution and power transformers for industry. The same grid supercycle lifting the sector lifts Voltamp — with a distinctly un-supercycle balance sheet: zero debt, treasury investments, a 1% dividend, and management that refuses bad-margin orders on principle.
Profit has compounded 26.2% over five years; the multiple, at 31.6× with a PEG of 1.20, stays saner than sector peers’. Our universe tags it wait — the flag simply notes ordering is cycle-dependent.
The dry-type niche in the electric decade
Dry-type transformers are the urban electrification product: no oil means no fire risk, mandatory for high-rises, hospitals, metros and — the new demand lane — data centres, every one of which needs banks of them. Voltamp’s engineering reputation wins private-sector industrial orders (where payment discipline lives) over utility tenders (where it doesn’t) — a deliberate mix that trades headline growth for margin quality and receivable safety.
Watch-items: industrial/data-centre capex momentum, CRGO steel input costs, the sector’s capacity build (today’s shortage funds tomorrow’s competition), and treasury-heavy capital allocation as cash compounds.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹10,011 Cr |
| P/E (TTM) | 31.6 |
| EV/EBITDA | 22.8 |
| Operating margin | 16.0% |
| ROE / ROCE | 17.4% / 23.5% |
| Debt to equity | 0.00 |
| Sales CAGR (5y) | 25.5% |
| Profit CAGR (5y) | 26.2% |
| Promoter holding | 30.0% |
| EPS (TTM) | ₹312.9 |
Voltamp Transformers share price target 2026 to 2030
EPS base ₹312.9 (TTM). Bear: the ordering cycle cools — 8% growth, multiple at 18×. Base: electrification demand sustains — 14% growth at 26×. Bull: data-centre and industrial capex extend the runway — 20% growth at 33×.
| Year | Bear (18×, +8%) | Base (26×, +14%) | Bull (33×, +20%) |
|---|---|---|---|
| 2026 | ₹6,085 | ₹9,275 | ₹12,390 |
| 2027 | ₹6,570 | ₹10,575 | ₹14,870 |
| 2028 | ₹7,095 | ₹12,055 | ₹17,845 |
| 2029 | ₹7,665 | ₹13,740 | ₹21,410 |
| 2030 | ₹8,275 | ₹15,665 | ₹25,695 |
From ₹9,882, the base case is ≈ +59% over four and a half years plus the 1% yield; the bear is −16%. The conservative player in a hot sector is usually the survivor of its winter — the range below buys the survivor at survivor prices.
Reasons to own Voltamp (at the right price)
- Dry-type leadership — the mandatory product of urban and data-centre electrification.
- Zero debt plus treasury: the balance sheet outlasts any ordering winter.
- Private-industrial customer mix trades growth optics for payment quality.
- PEG 1.20 — the sanest multiple in the transformer boom.
- Four decades of engineering reputation wins repeat specifications.
The risks: order books breathe with the capex cycle, sector capacity additions will eventually normalise margins, and the 30% promoter holding is modest.
Should you buy at the current price?
The live buy range below is for members — supercycle exposure, conservative chassis.
FAQ
What is the Voltamp Transformers share price target for 2030? Base case ≈ ₹15,665 (26× on 14% compounded growth), bear ≈ ₹8,275, bull ≈ ₹25,695. Arithmetic above.
What is a dry-type transformer? A transformer cooled by air instead of oil — no fire or leakage risk, so building codes mandate them indoors: metros, high-rises, hospitals, and every data centre’s power rooms.
Why does Voltamp avoid utility tenders? Payment discipline: state utilities pay late and squeeze margins; private industrial customers pay on time at fair prices. The choice costs growth headlines and buys balance-sheet health.
When are Voltamp’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.