Key Metrics of Sudhir Transformers Limited
About Sudhir Transformers Limited
Sectors
Company details
Operational Areas of Sudhir Transformers Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 31 Jul 2026 | ICRA | Reaffirmed | AA | A1+ | Stable | ₹24.0 Cr | View |
Credit strengths (ICRA, Jul 2026)
+ Established operational track record of Sudhir Group in DG set industry and diversification into overseas equipment rentals
The Group has an established operational track record in the DG set industry.
+ Key OEM of CIL with strong presence in north and west India
The Sudhir Group is one of the three OEMs for CIL, with a long- standing business association of over 45 years.
+ Comfortable financial profile and liquidity position; healthy near-term demand outlook
The Group’s liquidity and financial profile is healthy, indicated by steady internal accrual generation, a sizeable net worth, comfortable debt protection metrics, moderate repayment obligations in the overseas leasing business and considerable investments.
Credit challenges
− Vendor concentration with high dependence on CIL
The Sudhir Group is dependent on CIL for sourcing its key component — diesel engines—for the DG sets.
− Exposed to capex cycle of end -user industries as well as changes in regulations
The Group’s operations remain susceptible to the capex cycle of its key end -user industries such as real estate, telecom, hospitality and infrastructure.
− Vulnerable to increasing demand for alternative power back-ups with industries embracing cleaner fuels
With the worldwide shift towards less carbon-intensive sources of energy, industries are planning to migrate to alternative power back- ups, including solar.
Could lead to an upgrade
A steady growth in the scale of operations along with sustained healthy profitability metrics could lead to an upgrade.
Could lead to a downgrade
The ratings may be downgraded if there is any material decline in revenues and profitability. Moreover, a sizeable debt -funded capex, resulting in a deterioration of the capital structure and debt protection metrics, or a considerable decline in liquid investments and cash balances could trigger a downgrade. www.icra.in Sensitivity Label : Public Page |3
Agency-reported financials (ICRA, 31 Jul 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income | ₹3,246 Cr | ₹4,015 Cr |
| PAT | ₹525 Cr | ₹558 Cr |
| OPBDIT/OI | 24.0% | 26.5% |
| PAT/OI | 16.2% | 13.9% |
| Total outside liabilities/Tangible net worth (times) | 0.40× | 0.60× |
| Total debt/OPBDIT (times) | 0.70× | 0.80× |
| Interest coverage (times) | 23.60× | 23.80× |
| Revenue growth (YoY) | — | 23.7% |
| EBITDA (margin × income) | ₹779 Cr | ₹1,064 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹545 Cr | ₹851 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹33.01 Cr | ₹44.71 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| based working capital | Working capital & bank lines | ₹24.0 Cr | ₹24.0 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2024-25
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 83% |
| Information on file | 22% · missing: Audited financial statements (last 18 months), Annual results history (3+ years), Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 83% chance the next rating action is stable or better
- Current rating AA (investment grade)
- Interest coverage 23.8×
Rated limits by facility
Timeline
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Sudhir Transformers Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 CG Power and Industrial Solutions |
Part of TI Cycles of India. | cgglobal.com | — | Mumbai, India |
 Hitachi Energy India Limited |
Transformers & Switchgear · Electrical Equipment & Appliances | hitachienergy.com | — | Bangalore, Karnataka, India |
| Transformers and Rectifiers India | Transformers & Switchgear · Electrical Equipment & Appliances | — | — | Ahmedabad, India |
| Transformers & Switchgear · Electrical Equipment & Appliances | voltamptransformers.com | — | Vadodara, India | |
| Indo Tech Transformers | Transformers & Switchgear · Electrical Equipment & Appliances | — | — | Kanchipuram, India |
| Shilchar Technologies | Transformers & Switchgear · Electrical Equipment & Appliances | — | — | Vadodara, India |
| Modern Transformers Private Limited | Transformers & Switchgear · Electrical Equipment & Appliances | — | — | India |
| RMC Switchgears Limited | · Manufacturing (Metals and Chemicals, and products thereof) | — | — | Jaipur, Rajasthan, India |
| Veto Switchgears And Cables Limited | Transformers & Switchgear · Electrical Equipment & Appliances | — | — | Mumbai, India |
| S&S Power Switchgears Limited | Transformers & Switchgear · Electrical Equipment & Appliances | — | — | India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.