Tipsheet
What matters at India’s listed companies
Notes / Sector

Transformers

14 recent notes from companies in this sector. 4 companies tracked.

Anchor companies · by market cap
Recent activity
Fri · 03 Jul
8
Order Wins · Transformers

Marsons lands ₹17.93 cr domestic transformer order from S.T. Electricals

The six-month contract for 10 MVA power transformers adds ~7.3% to FY26 revenue and follows a string of recent wins including a ₹33 cr NTPC order and an export deal.

MARSONS Small cap 12:47 PM
Thu · 02 Jul
8
Transformers

Indo Tech promoter sells another 2 lakh shares, unencumbered stake at 12%

Shirdi Sai Electricals sold 2,00,000 shares on June 30, a day after a 3,00,000 block, reducing promoter holding to 70.29%. Only 12.36% of equity is now free of pledges.

INDOTECH Small cap 9:15 AM
Wed · 01 Jul
8
Transformers

Indo Tech promoter sells another 3 lakh shares, unencumbered stake at 14%

Shirdi Sai Electricals sold 3,00,000 shares, cutting its holding to 72.18%. With 57% of promoter holding still pledged, the unencumbered portion now stands at just 14.25%.

INDOTECH Small cap 11:51 AM
Tue · 30 Jun
10
Order Wins · Transformers

TARIL bags record ₹1,000 cr+ order from Power Grid

The 'Ultra Mega Order' is the largest disclosed contract in company history, representing over 40% of FY26 revenue and adding at least 20% to the existing ₹5,005 crore backlog. Deliveries span 30 months.

TARIL Mid cap 2:29 PM
Fri · 19 Jun
8
Transformers

Alfa Transformers sheds loss-making Vadodara unit for ₹18 crore

The slump sale to KASST Industries eliminates accumulated losses of ₹15.81 cr and makes the company debt-free. The consideration is 41.9% of market cap.

ALFATRAN Micro cap 6:03 PM
Tue · 16 Jun
7
Order Wins · Transformers

Marsons lands ₹7.75 cr export order for California solar project

Order from a US solar developer for a 25 MVA transformer to supply a project in Hemet, California; execution over 14 months marks repeat business in the North American renewable market.

MARSONS Small cap 2:20 PM
Wed · 10 Jun
8
Order Wins · Transformers

Alfa Transformers wins ₹7.14 cr repeat order from Gujarat utility

The contract from Madhya Gujarat Vij Company is worth 16% of the nano-cap's market cap, following a prior ₹63 crore deal.

ALFATRAN Micro cap 5:18 PM
8
Order Wins · Transformers

Marsons lands ₹33 cr transformer order for NTPC's renewable push

The contract from Vikran Engineering covers oil-cooled units for a green-power project and equals 13.5% of last year's revenue.

MARSONS Small cap 11:34 AM
Tue · 09 Jun
5
Order Wins · Transformers

Marsons picks up a ₹9.48 cr service order from West Bengal's grid utility

The contract covers repair and testing of power transformers for WBSETCL. It's routine work, worth less than 4% of annual revenue.

MARSONS Small cap 10:08 AM
Wed · 03 Jun
7
Order Wins · Transformers

Marsons lands ₹31.27 cr transformer order from Assam grid utility

The deal is worth 12.8% of Marsons' FY26 revenue. It's a letter of intent, not a contract.

MARSONS Small cap 1:46 PM
Mon · 01 Jun
9
Order Wins · Transformers

Alfa Transformers lands ₹63 cr order worth 157% of its market cap

A single contract from Madhya Gujarat Vij Company Ltd is bigger than the company itself. The nano-cap wins its largest-ever order for 12,000 distribution transformers.

ALFATRAN Micro cap 5:44 PM
Fri · 22 May
6
Earnings · Transformers

Marsons lifts profit 65% on high-growth power transformer demand

Audited FY26 results show a 45.5% jump in revenue to ₹245.03 cr, as the board sets a plan to more than double annual capacity.

MARSONS Small cap 3:21 PM
8
Order Wins · Transformers

Transformers & Rectifiers lands ₹228 cr order from Gujarat utility

The GETCO contract equals 9.5% of the company's FY26 revenue, a material inflow for a mid-cap.

TARIL Mid cap 8:57 AM
Thu · 21 May
8
Order Wins · Transformers

Marsons wins ₹30 cr US solar transformer order, breaks into renewables

The 200 MVA 115 kV transformer order from a US solar developer marks Marsons' first entry into the higher-margin US renewable market.

MARSONS Small cap 1:34 PM