Star Delta Transformers Limited - energy and power in Bhopal, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN L31102MP1977PLC001393 Incorporated 17 February 1977 ROC Gwalior HQ Bhopal, Madhya Pradesh, India
Active Listed - BSE: 539255 Public Limited Company energy and power MSME · Medium
Data last updated
Market Cap
₹137 Cr
STARDELTA · BSE
Share Price
₹438.05
-4.06% today
Revenue
₹173 Cr
FY 2025-26 · +22.0% YoY
EBITDA
₹17.01 Cr
Margin 9.8%
Net Profit
₹11.94 Cr
FY 2025-26 · +12.3% YoY
P/E (TTM)
11.8x
P/B 1.5x
ROE
13.2%
ROCE 18.0%
Debt / Equity
0.07
Interest cover 9.3x

About Star Delta Transformers Limited

Data last updated:

Star Delta Transformers Limited is a public limited company based in Bhopal, Madhya Pradesh, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 17 February 1977 and has been in existence for over 49 years.

The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L31102MP1977PLC001393. Its GSTIN is 23AACCS0399D1ZM (Madhya Pradesh). It is a listed company as per MCA records. Its shares are listed on BSE: 539255.

The company has an authorised share capital of ₹3.18 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Kishore Gupta (Managing Director) and Rakesh Gupta (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 92 A Industrial Area Govindpura, Bhopal, Madhya Pradesh, India – 462023.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹173.06 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹11.94 Cr (net margin 6.9%) and EBITDA of ₹17.01 Cr (EBITDA margin 9.8%). The net worth stands at ₹96.28 Cr (up 14.2% YoY). Total assets are valued at ₹107.7 Cr (up 23.5% YoY).

The company has about 40 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Star Delta Transformers. As per MCA filings, the company has open charges of ₹87.24 Cr and satisfied charges of ₹42.57 Cr on record. Court records list 12 cases involving the company, including 7 filed by the company and 5 filed against it; 3 cases are pending. The company has 21 deals on record (21 market trades); the latest was in February 2026. Its 6 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 3 smaller; the largest is Biocon Electric Private Limited with revenue of ₹144.66 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2023, listing 63 overdue payments to 21 micro and small suppliers.

Star Delta Transformers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-10-0029252). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stardeltatransformers.com.

Company details

CIN L31102MP1977PLC001393
Registration Number 001393
Incorporation Date 17 February 1977
ROC Gwalior
Listing Status Listed - Listed on BSE (539255)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MP-10-0029252

CIN history

Star Delta Transformers has one previous CIN (Corporate Identification Number): U31102MP1977PLC001393. The current CIN is L31102MP1977PLC001393, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L31102MP1977PLC001393Current
U31102MP1977PLC001393Previous

Recognitions & Rankings of Star Delta Transformers

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MP-10-0029252

Contact details

Star Delta Transformers Limited's registered office is in Bhopal, Madhya Pradesh. Its website is stardeltatransformers.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    92 A Industrial Area Govindpura, Bhopal, Madhya Pradesh, India – 462023
  • Industry
    Energy and Power, Power Equipment Manufacturers

To see the full contact details of Star Delta Transformers Limited, buy the company report.

Comprehensive company report
Star Delta Transformers Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Star Delta Transformers operates one associated brand: Star Delta Transformers. Each brand links to its own profile.

BrandDescriptionWebsite
Transformers are manufactured by Star Delta Transformers for electrical applications.stardeltatransformers.com

Business activity

The main business activities of Star Delta Transformers are manufacturing, electricity, gas, steam and air condition supply and support service to organizations. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, electric power generation, transmission and distribution and other support services to organizations. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distribution
NSupport service to OrganizationsN7Other support services to organizations

To see the full business activity and turnover split of Star Delta Transformers Limited, buy the company report.

Financials of Star Delta Transformers Limited

FY 2025-26 filings available

Star Delta Transformers Limited reported revenue of ₹173.06 Cr (up 22% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹173 Cr
+22.0% YoY
EBITDA
₹17.01 Cr
+16.0% YoY
Profit After Tax
₹11.94 Cr
+12.3% YoY
Net Worth
₹96.28 Cr
+14.2% YoY
Total Assets
₹108 Cr
+23.5% YoY
Total Debt
₹10.92 Cr
+349.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue17314214071.3531.1418.4665.38
Revenue growth+22.0%+1.2%+96.4%+129.1%+68.7%-71.8%-
EBITDA17.0114.6713.185.471.68(0.31)4.85
EBITDA margin+9.8%+10.3%+9.4%+7.7%+5.4%-1.7%+7.4%
Profit before tax16.0414.3015.017.695.222.425.64
Net profit11.9410.6311.115.763.641.774.39
Net profit margin+6.9%+7.5%+7.9%+8.1%+11.7%+9.6%+6.7%
EPS (₹)39.7935.4237.0519.1912.175.8914.63
Balance sheet
Total assets10887.2075.9365.2857.8654.0752.72
Net worth96.2884.3473.7162.5956.8453.1951.42
Total debt10.922.432.012.681.020.891.30
Cash & bank6.859.968.494.9312.547.527.66
Net working capital95.6578.3371.0760.6252.6848.2746.10
Cash flow
Cash from operations(11.29)3.31(7.03)(16.48)2.69(3.00)(0.02)
Cash from investing(1.82)1.1211.085.582.583.692.20
Cash from financing6.98(0.72)(1.94)1.14(0.15)(0.12)(1.81)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue37.4946.4452.7743.6130.2337.6332.7736.83
Revenue growth (YoY)+24.0%+23.4%+61.0%+18.4%-12.7%---
Other income0.200.340.520.600.600.060.280.72
Total expenses35.4340.3649.1639.2927.2533.2629.3833.42
EBITDA2.066.083.614.322.984.373.393.41
EBITDA margin+5.5%+13.1%+6.8%+9.9%+9.9%+11.6%+10.3%+9.3%
Depreciation0.180.120.230.190.190.150.230.20
Interest0.210.340.400.410.360.210.300.24
Profit before tax1.875.963.504.323.034.073.143.69
Tax0.471.551.440.340.761.000.990.82

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue37.4946.4452.7743.6130.2337.6332.7736.83
Revenue growth (YoY)+24.0%+23.4%+61.0%+18.4%-12.7%---
Other income0.200.340.520.600.600.060.280.72
Total expenses35.4340.3649.1639.2927.2533.2629.3833.42
EBITDA2.066.083.614.322.984.373.393.41
EBITDA margin+5.5%+13.1%+6.8%+9.9%+9.9%+11.6%+10.3%+9.3%
Depreciation0.180.120.230.190.190.150.230.20
Interest0.210.340.400.410.360.210.300.24
Profit before tax1.875.963.504.323.034.073.143.69
Tax0.471.551.440.340.761.000.990.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue17314214071.3531.1418.4665.38
Revenue growth+22.0%+1.2%+96.4%+129.1%+68.7%-71.8%-
Other income1.281.353.983.654.583.802.02
Total expenses15612712765.8829.4618.7760.53
Employee cost4.884.453.812.141.701.552.31
EBITDA17.0114.6713.185.471.68(0.31)4.85
EBITDA margin+9.8%+10.3%+9.4%+7.7%+5.4%-1.7%+7.4%
Depreciation0.740.770.710.780.800.830.82
Interest1.510.951.440.650.240.240.41
Profit before tax16.0414.3015.017.695.222.425.64
Tax4.103.673.901.931.580.651.25
Net profit11.9410.6311.115.763.641.774.39
Net profit margin+6.9%+7.5%+7.9%+8.1%+11.7%+9.6%+6.7%
EPS (₹)39.7935.4237.0519.1912.175.8914.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.003.003.003.003.003.003.00
Reserves & surplus93.2881.3470.7159.5953.8450.1948.42
Shareholders' funds (net worth)96.2884.3473.7162.5956.8453.1951.42
Secured loans10.922.432.012.681.020.891.30
Unsecured loans0.000.000.000.000.000.000.00
Total debt10.922.432.012.681.020.891.30
Total liabilities10887.2075.9365.2857.8654.0752.72
Assets
Gross block20.4617.3716.1415.4915.5915.5015.46
Net block8.045.695.135.195.696.407.19
Capital work in progress0.690.890.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories31.3823.7226.9319.847.058.284.58
Sundry debtors59.4443.8633.8633.589.879.7813.49
Cash & bank balances6.859.968.494.9312.547.527.66
Loans & advances7.947.2711.0822.2224.7525.3123.29
Total current assets10684.8180.3680.5754.2150.8949.02
Total current liabilities9.966.489.2919.951.532.622.92
Net working capital95.6578.3371.0760.6252.6848.2746.10
Total assets10887.2075.9365.2857.8654.0752.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6.352.640.5210.285.164.594.21
Net cash from operating activities(11.29)3.31(7.03)(16.48)2.69(3.00)(0.02)
Net cash from investing activities(1.82)1.1211.085.582.583.692.20
Net cash from financing activities6.98(0.72)(1.94)1.14(0.15)(0.12)(1.81)
Net change in cash(6.13)3.712.11(9.76)5.120.570.38
Closing cash6.859.968.494.9312.547.527.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+22.0%+1.2%+96.4%+129.1%+68.7%-71.8%-
EBITDA growth+16.0%+11.3%+141.0%+225.6%+641.9%-106.4%-
PBT growth+12.2%-4.7%+95.2%+47.3%+115.7%-57.1%-25.1%
Net income growth+12.3%-4.3%+92.9%+58.2%+105.7%-59.7%-
Revenue CAGR (3Y)+34.4%+65.8%+96.5%+3.0%-33.9%-32.4%+1.1%
EBITDA CAGR (3Y)+46.0%+105.9%-+4.1%-42.3%--1.8%
Profitability & leverage
Net income margin+6.9%+7.5%+7.9%+8.1%+11.7%+9.6%+6.7%
Return on capital employed+18.0%+18.7%+23.3%+13.6%+9.8%+5.0%+11.8%
Return on net worth+13.2%+13.5%+16.3%+9.7%+6.6%+3.4%+8.9%
Debt / equity0.070.030.030.030.020.020.04
Long-term debt / equity0.020.010.000.000.000.010.02
Interest cover9.286.8311.5513.8627.27-21.0510.17
Efficiency & per share
Fixed asset turnover9.158.478.864.592.361.405.05
Inventory turnover6.285.605.995.314.793.374.89
Debtors turnover3.353.654.163.283.741.865.17
EPS (₹)39.7935.4237.0519.1912.175.8914.63
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)320.90281.11245.68208.64189.44177.27171.38

To see the full year-wise statements and ratios of Star Delta Transformers Limited, buy the company report.

Board of directors of Star Delta Transformers Limited

Star Delta Transformers has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ajay GuptaDirector26 Mar 20206 Years 6 MonthsCurrent
Mayank GuptaDirector24 Apr 20206 Years 5 MonthsCurrent
Rakesh GuptaWhole-Time Director15 Oct 198739 Years 0 MonthsCurrent
Kishore GuptaManaging Director31 Oct 198738 Years 11 MonthsCurrent
Shalini MathurDirector11 Mar 20197 Years 7 MonthsCurrent
Shashendra LahriDirector11 Aug 20233 Years 2 MonthsCurrent

Peer comparison

Star Delta Transformers Limited is compared with the 6 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Star Delta Transformers Limitedthis company₹173.06 Cr (FY 2026)₹11.94 Cr6.9%22.0%40Bhopal, Madhya Pradesh, India
Biocon Electric Private Limited₹144.66 Cr (FY 2025)5.0%Delhi, India
Ankur Traders & Engineers Private Limited₹143.95 Cr (FY 2025)46.0%New Delhi, Delhi, India
Atlas Transformers India Limited₹143.58 Cr (FY 2025)-31.0%Vadodara, Gujarat, India
Mahati Industries Private Limited₹142.53 Cr (FY 2025)42.0%Pune, Maharashtra, India
Winomechanic Private Limited₹141.7 Cr (FY 2024)60.0%Chennai, Tamil Nadu, India
Karnataka Vidyuth Karkhane Limited₹139.9 Cr (FY 2025)8.0%Bangalore, Karnataka, India

To see the full peer comparison of Star Delta Transformers Limited, buy the company report.

Auditor

Star Delta Transformers Limited is audited by S L KHABYA & CO. for the financial year 2022.

Auditor firmFinancial yearFirm registration number
S L KHABYA & CO.FY 2022000004C

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 71.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 28.30%.

Promoters: 71.70%Retail & Others: 28.30%
Mar 2026
QUARTER
71.70% Promoters
28.30% Retail & Others
Promoter holding - history
Now 71.70% · Mar 2026High 75.00% · Jun 2025Low 71.70% · Dec 2025
70%71.5%73%74.5%76%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 75.00%Sep 2025: 75.00%Dec 2025: 71.70%Mar 2026: 71.70%75.00%71.70%71.70%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters71.70%71.70%75.00%75.00%
Public28.30%28.30%25.00%25.00%

Charges & borrowings

Open charges
₹87.24 Cr
Satisfied charges
₹42.57 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹87.24 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
15 Oct 2024100995203Hdfc Bank Limited₹22 LakhOpen
27 Sep 2024100983449Hdfc Bank Limited₹89 LakhOpen
23 Sep 2022100621917Hdfc Bank Limited₹8 CrOpen
24 Aug 2018100201897Hdfc Bank Limited₹12.5 LakhOpen
27 Jan 201610620913Hdfc Bank Limited₹78 CrOpen

To see the full charge records of Star Delta Transformers Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Star Delta Transformers Limited has 21 deals on record (21 market trades); the latest was in February 2026.

Total deals
21
Market trades
21

Deals on record (5 of 21)

WhenDealAmountParties
Feb 2026Market trade₹95.5 LakhBuyer: Bhopal Wires Pvt Ltd
Seller: an individual
Feb 2026Market trade₹1.45 CrBuyer: Bhopal Wires Pvt Ltd
Seller: an individual
Nov 2025Market trade₹2.32 CrBuyer: an individual
Seller: an individual
Nov 2024Market trade₹1.3 CrBuyer: Ishaan Tradefin LLP
Jun 2024Market trade₹2.06 CrBuyer: Setu Securities Private Limited

To see the full deal history of Star Delta Transformers Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Star Delta Transformers Limited has 4 MSME Form 1 returns on record between 2019 and 2023, listing 63 overdue payments to 21 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 21)

SupplierAmount dueDue sinceReported on
Indian Cork Industries
an individual supplier
Trafo Radiators and Tanks Private Limited
an individual supplier
Bhanwardeep Copper Strips Private Limited

To see the full MSME payment records of Star Delta Transformers Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Star Delta Transformers Limited has a workforce of 40 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.

Employee count
40
Active EPFO establishments
1
Employee growth
42.86%

GST

Star Delta Transformers has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
23AACCS0399D1ZMMadhya PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Star Delta Transformers Limited, buy the company report.

Recent activity

Star Delta Transformers Limited has 20 board changes on record since 1987: 13 appointments and 7 cessations. The latest: Ankur Chouksey ceased to be Director on 11 Aug 2023.

Filing
Star Delta Transformers Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Gwalior.
AGM
Star Delta Transformers Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 78.00 Cr registered on 27 Jan 2016 with Charge ID 10620913 was modified on 15 Sep 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.22 Cr with Charge ID 100995203 was registered on 15 Oct 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.89 Cr with Charge ID 100983449 was registered on 27 Sep 2024.
Charges
A charge registered on 31 Oct 2018 via Charge ID 100218323 with Hdfc Bank Limited was fully satisfied on 05 Nov 2023.
Ceased
Ankur Chouksey ceased to be Director.
Appointed
Shashendra Lahri was appointed as Director.
Charges
A charge registered on 01 Mar 2016 via Charge ID 100027533 with State Bank Of India was fully satisfied on 26 Jul 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.00 Cr with Charge ID 100621917 was registered on 23 Sep 2022.
Appointed
Mayank Gupta was appointed as Director.
Appointed
Ajay Gupta was appointed as Director.

38 earlier events are in the company report.

Frequently asked questions

Star Delta Transformers is an active public limited company based in Bhopal, Madhya Pradesh, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 17 February 1977 (49+ years old) and is registered under CIN L31102MP1977PLC001393. Listed on BSE: 539255.

Star Delta Transformers reported revenue of ₹173.06 Cr for FY 2025-26 (up 22% YoY) based on standalone financials.

Star Delta Transformers has 6 current directors:

The latest financial statements of Star Delta Transformers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Star Delta Transformers is 23AACCS0399D1ZM, registered in Madhya Pradesh.

The CIN (Corporate Identification Number) of Star Delta Transformers is L31102MP1977PLC001393. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Star Delta Transformers is a listed company as per MCA records. Its shares are listed on BSE (code: 539255).

Star Delta Transformers has 12 court cases on record: 7 filed by the company and 5 filed against it. 3 are pending. Most are in the high courts.

Star Delta Transformers was incorporated on 17 February 1977, making it 49+ years old. It is registered with the Registrar of Companies, Gwalior.

Star Delta Transformers has 21 deals on record (21 market trades); the latest was in February 2026.

The peers of Star Delta Transformers by revenue are Biocon Electric Private Limited, Ankur Traders & Engineers Private Limited, Atlas Transformers India Limited, Mahati Industries Private Limited, Winomechanic Private Limited and 1 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Ankur Chouksey ceased to be Director on 11 Aug 2023. Shashendra Lahri was appointed as Director on 11 Aug 2023. Mayank Gupta was appointed as Director on 24 Apr 2020. Star Delta Transformers has 20 board changes on record in total.