agreed, but Danish Power IPO price band was ₹380 per share and it is near, I am now more intrested to see execution, for fresh entry those who entered early thier opinion may vary. Disc. not holding
Any public info on what is the capacity enhancement for which capex is being done ?
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Good thread on Danish power
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In their drhp , They have mentioned Shilchar , Indotech and TRIL as peers
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check here
- Inverter Duty Transformer:used in power electroncis. (solar, wind, and VFD applications) convert low voltage AC to medium voltage AC.
- Power Distribution Transformer: used in power to end-users by stepping down medium voltage (e.g., 33kV) to low voltage (e.g., 415V).
- Power Transformer: Used in transmission systems to step up or step down high voltages (e.g., 110kV to 400kV) for long-distance power transfer. Handles large power capacities.
So i think their peer could be shilchar. TARIL, Indotech operates in higher power tranformer segments.
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Update from Danish power.
**Q3 revenues c. 114 cr and 9 months FY 25 revenues c. 278 cr. **
**FY 24 revenues were ₹ 331 cr. **
If they do c. 125 cr in Q4 ( Q4 usually better ) then FY 25 they will end up with Rs 400 cr. ( Not a very exiting growth ) .
**They also notified exchanges on receiving an order for C. 100 cr from Waaree renewables to supply IDT transformers within 8 months . **
Key monitor-able is capacity expansion slated for Q1 FY 26 and current capacity utilisation.
Disc : Invested
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Indotech’s Parent company Shirdi Sai electricals has also forayed into Inverter duty transformer (pretty much same capacity as Danish Power), which means sooner than later Indotech should get that technology transfer.
IMO Indotech is also valuation wise better placed than it’s peers.
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Management in the past had said that they are running near full capacity utilisation and hence growth will be missing till capacity expansions goes live
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But with new capacity the company capacity will be 8000 MVA or greater
With the Rs 100 cr order from WRTL how much is the order book as on Dec I think it will be near to 480-490 Cr. If anybody know it then it will be very helpful.
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What will be the total capacity after expansion , will it be 8000mva or 11000 Mva? There’s alot of confusion regarding the same , IPO document mentions 8000MVA whereas some reports are claiming 11000 MVA.
