Alfa Transformers (BSE 517546)₹47.80−0.21%Other Electrical Equipment
In the Mar 2026 quarter (standalone), Alfa Transformers reported sales of ₹9.56 Cr, down 23.4% from Mar 2025, and net profit of −₹1.04 Cr. For the year to Mar 2026, sales were ₹31.86 Cr and net profit −₹1.58 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12.37 | 13.85 | 13.36 | 11.34 | 8.11 | 17.12 | 12.49 | 12.48 | 4.86 | 5.74 | 22.29 | 9.56 |
| Expenses | 10.72 | 13.02 | 12.68 | 10.90 | 7.11 | 15.45 | 11.56 | 11.84 | 4.85 | 5.73 | 20.58 | 11.14 |
| Operating Profit | 1.63 | 0.83 | 0.67 | 0.43 | 0.99 | 1.64 | 0.91 | 0.63 | 0.00 | 0.00 | 1.69 | −1.57 |
| OPM % | 13.3% | 6.1% | 5.1% | 3.9% | 12.4% | 9.7% | 7.4% | 5.1% | 0.2% | 0.2% | 7.6% | −16.5% |
| Other Income | 0.15 | 0.11 | 0.12 | 0.21 | 0.05 | 0.10 | 0.12 | 0.34 | 0.12 | 0.06 | 0.23 | 0.67 |
| Interest | 0.32 | 0.38 | 0.35 | 0.35 | 0.36 | 0.52 | 0.40 | 0.41 | 0.37 | 0.43 | 1.25 | 0.37 |
| Depreciation | 0.26 | 0.26 | 0.26 | 0.26 | 0.27 | 0.27 | 0.27 | 0.26 | 0.26 | 0.27 | 0.82 | 0.26 |
| Profit before tax | 1.17 | 0.27 | 0.15 | 0.00 | 0.38 | 0.92 | 0.33 | 0.27 | −0.52 | −0.65 | −0.16 | −1.56 |
| Tax % | −3.4% | −2,064.4% | −37.6% | −1,100.1% | 166.6% | −5.4% | −14.8% | 139.2% | −24.6% | −12.2% | 223.4% | −33.2% |
| Net Profit | 1.24 | 6.05 | 0.21 | 0.13 | −0.26 | 0.99 | 0.39 | −0.13 | −0.41 | −0.57 | −0.55 | −1.04 |
| EPS (Rs) | 1.35 | 6.63 | 0.25 | 0.14 | −0.28 | 1.08 | 0.45 | −0.14 | −0.45 | −0.64 | −0.60 | −1.16 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26.80 | 25.43 | 46.06 | 64.37 | 32.68 | 19.57 | 9.65 | 28.89 | 50.68 | 49.99 | 31.86 | 42.45 |
| Expenses | 24.58 | 25.38 | 45.83 | 63.15 | 38.05 | 25.53 | 12.28 | 26.23 | 47.09 | 45.77 | 31.74 | 42.30 |
| Operating Profit | 2.20 | 0.05 | 0.18 | 1.18 | −5.34 | −5.97 | −2.65 | 2.63 | 3.58 | 4.20 | 0.11 | 0.12 |
| OPM % | 8.3% | 0.2% | 0.4% | 1.9% | −16.4% | −30.5% | −27.6% | 9.2% | 7.1% | 8.4% | 0.4% | 0.3% |
| Other Income | 0.24 | 0.28 | 0.18 | 0.42 | 0.31 | 1.02 | 0.44 | 0.32 | 0.57 | 0.58 | 0.89 | 1.08 |
| Interest | 1.64 | 1.96 | 1.96 | 1.81 | 1.34 | 1.12 | 0.85 | 1.18 | 1.43 | 1.72 | 1.63 | 2.42 |
| Depreciation | 1.34 | 1.18 | 1.14 | 1.21 | 1.21 | 1.15 | 1.11 | 1.02 | 1.06 | 1.09 | 1.09 | 1.61 |
| Profit before tax | −0.55 | −2.82 | −2.75 | −1.43 | −7.60 | −7.24 | −4.19 | 0.72 | 1.63 | 1.94 | −1.73 | −2.89 |
| Tax % | −3.6% | 0.0% | 0.4% | −2.1% | 0.0% | 62.3% | −6.0% | −38.5% | −365.3% | 48.1% | −8.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | −0.55 | −2.82 | −2.76 | −1.40 | −7.62 | −11.80 | −3.95 | 1.00 | 7.64 | 1.02 | −1.58 | −2.57 |
| EPS (Rs) | −1.02 | −4.50 | −3.76 | −1.55 | −8.35 | −12.89 | −4.34 | 1.11 | 8.35 | 1.11 | −1.75 | −2.85 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.35 | 5.35 | 6.31 | 7.41 | 9.16 | 9.16 | 9.16 | 9.14 | 9.14 | 9.14 | 9.15 | 9.14 |
| Reserves | 10.67 | 10.13 | 28.47 | 27.06 | 30.19 | 22.47 | 8.32 | 4.27 | 5.27 | 12.87 | 13.86 | 12.29 |
| Borrowings | 6.87 | 9.52 | 9.68 | 8.06 | 7.34 | 5.99 | 4.37 | 5.01 | 7.72 | 9.31 | 9.38 | 11.71 |
| Other Liabilities | 9.37 | 6.95 | 7.45 | 23.28 | 15.04 | 14.18 | 14.56 | 13.12 | 13.89 | 8.70 | 7.24 | 8.39 |
| Total Liabilities | 32.26 | 31.95 | 51.91 | 65.81 | 61.73 | 51.80 | 36.41 | 31.54 | 36.02 | 40.02 | 39.63 | 41.53 |
| Fixed Assets | 14.40 | 13.16 | 31.64 | 30.89 | 30.34 | 29.39 | 23.65 | 22.38 | 21.78 | 20.86 | 20.05 | 21.54 |
| CWIP | 0.00 | 0.00 | 0.03 | 0.04 | 0.04 | 0.48 | 0.34 | 0.34 | 0.00 | 0.18 | 0.85 | 0.00 |
| Investments | 0.14 | 0.14 | 0.14 | 0.14 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 17.72 | 18.65 | 20.10 | 34.74 | 31.33 | 21.91 | 12.40 | 8.80 | 14.24 | 18.98 | 18.73 | 19.99 |
| Inventories | 8.78 | 10.14 | 10.46 | 12.57 | 10.88 | 9.72 | 3.84 | 3.11 | 6.61 | 6.92 | 8.18 | 8.48 |
| Trade receivables | 5.68 | 5.12 | 5.94 | 17.79 | 12.35 | 5.19 | 2.55 | 1.83 | 2.52 | 5.73 | 5.49 | 5.90 |
| Cash & equivalents | 1.97 | 2.37 | 2.34 | 2.57 | 6.15 | 4.18 | 3.05 | 2.28 | 2.89 | 2.90 | 2.93 | 3.28 |
| Total Assets | 32.26 | 31.95 | 51.91 | 65.81 | 61.73 | 51.80 | 36.41 | 31.54 | 36.02 | 40.02 | 39.63 | 41.53 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 1.98 | −0.95 | −2.33 | −1.51 | −2.31 | −1.13 | −0.53 | −0.57 | −2.27 | −0.04 | −0.11 | 0.86 |
| Cash from investing activity | 0.54 | −0.10 | 0.05 | −0.71 | −3.90 | 1.54 | −0.10 | 0.88 | −0.57 | 0.06 | −0.74 | −1.76 |
| Cash from financing activity | −2.58 | 1.02 | 2.35 | 2.20 | 6.19 | −0.16 | 0.39 | −0.29 | 2.86 | 0.00 | 0.86 | 0.89 |
| Net cash flow | −0.04 | −0.03 | 0.03 | −0.02 | −0.02 | 0.23 | −0.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capex | 0.23 | 0.14 | 0.00 | 0.42 | 0.65 | 0.92 | 1.04 | 0.04 | 0.13 | 0.34 | 0.99 | 1.74 |
| Free cash flow | 2.29 | −1.08 | −2.33 | −1.94 | −2.95 | −2.04 | −1.58 | −0.60 | −2.39 | −0.37 | −1.11 | −0.87 |
| CFO / OP % | 97.9% | −47.1% | −3,833.1% | −858.1% | −195.0% | 21.0% | 9.0% | 21.9% | −86.0% | −1.0% | −3.0% | 724.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 79 | 70 | 85 | 141 | 70 | 58 | 47 | 69 | 32 | 41 | 40 | 67 |
| Inventory days | 168 | 192 | 188 | 120 | 75 | 131 | 81 | 150 | 113 | 62 | 82 | 129 |
| Days payable | 131 | 85 | 89 | 196 | 83 | 127 | 143 | 247 | 109 | 52 | 37 | 89 |
| Cash conversion cycle | 114 | 176 | 183 | 64 | 61 | 61 | −16 | −30 | 36 | 51 | 84 | 106 |
| Working capital days | 4 | 17 | 32 | 18 | 24 | −12 | −57 | −144 | 1 | 15 | 36 | 37 |
| ROCE % | 2.7% | 4.6% | −2.5% | −1.8% | 0.6% | −14.8% | −23.3% | −16.4% | 9.9% | 11.6% | 11.6% | −0.3% |
For the Mar 2026 quarter, Alfa Transformers reported sales of ₹9.56 Cr, down 23.4% year on year and net profit of −₹1.04 Cr. The operating margin was −16.5%.
Alfa Transformers' sales for the year to Mar 2026 were ₹31.86 Cr; over the last twelve months they were ₹42.45 Cr.
Net profit for the year to Mar 2026 was −₹1.58 Cr, and −₹2.57 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−2.85.
Alfa Transformers reported borrowings of ₹11.71 Cr at Mar 2026, against cash and equivalents of ₹3.28 Cr.
Cash from operations was ₹0.86 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹0.87 Cr.