1. At a Glance
TD Power Systems makes generators. But not the kind your neighbor rents for a wedding. We’re talking 200 MW beasts that run steam, hydro, and diesel plants. With a 30% ROCE, no debt, and a promoter exit twist — this one’s got volts, jholts, and jolts.
2. Introduction with Hook
TD Power is what happens when you mix German engineering precision with Indian stock market enthusiasm and a pinch of “plot twist” — a promoter who walked out during the rally.
- FY25 Net Profit: ₹175 Cr
- FY25 Revenue: ₹1,279 Cr
- ROCE: 30.4%, ROE: 22.3%
- Market Cap: ₹7,760 Cr | P/E: 44.4
From loss-making in FY17 to 11.2x EPS growth in 5 years, this is your classic “turnaround, now fully loaded with free cash flow.”
3. Business Model (WTF Do They Even Do?)
TDPS makes alternators — also known as AC generators. These are used to convert mechanical energy from turbines into electrical energy. Clients include:
- Thermal power plant EPCs
- Hydro power developers
- Diesel/Gas engine OEMs
- Wind turbine manufacturers
Capacity Served:
- Steam/Gas: 1–200 MW
- Hydro: up to 35 MW
- Diesel/Gas Engines: up to 20 MW
- Wind: Customized
Sales Mix:
- Domestic: ~50%
- Exports (Europe/US/Asia): ~50%
