Atlanta Electricals Limited (ATLANTAELE)

Micro Cap

Atlanta Electricals Limited is a leading Indian manufacturer of power, auto, and inverter duty transformers, serving diverse customers across 19 states and 3 UTs. With a RoCE of 39.11% (FY26), the company specializes in tailored transformer solutions from 5 MVA/11 kV up to 500 MVA/765 kV, focusing on quality and long-standing supplier relationships.

₹1,652.1

-36.60 · -2.17%

Market cap ₹14,251 Cr

ThemesRenewable Energy EV Manufacturing

Data qualityFresh enough for analysisQuote updated 21 Oct, 11:46 am IST

Details

Quote21 Oct, 11:46 am IST

Base fundamentals14 Oct 2026 · screener

Latest result21 Jul, 06:11 pm IST

Score21 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags02 May 2026

Coverage13/14 · 93%

Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)

Technical timing lens

Trend score and candlestick chart

46Neutral

SMA20 -3.1% / mo · MACD −

Stock trend: 46

Sector RS: 46

Sector 3M: -7.1% vs Nifty 500 -5.6%

Industrials FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

ATLANTAELED candles · FIT view-6.4%TODAY · PROVISIONAL

Latest price ₹1652.10 on 2026-10-21

Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.

Bar

-3.1%

RSI

MACD hist

-12.67

52W pos

65%

2026-10-21O ₹1704.70H ₹1725.90L ₹1645.20C ₹1652.10Vol 45,831 shIntraday candle

Up bar

Down bar

EMA 20

EMA 50

Volume + 20D avg

Result date

RSI(14)

MACD / signal

Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

ATLANTAELENifty India ManufacturingNifty 500

ATLANTAELE: -2.8%
Nifty 500: -5.6%
Nifty India Manufacturing: -5.8%
Vs Nifty 500: +2.7 pp

Chart stats

19 Oct 2026

From 52W high: -21.6%
52W range position: 68%
ATR (14): 5.5%
Volume vs 20D: 0.31x
Avg traded value: ₹34 Cr
20D price channel: ₹1,550.3 - ₹1,986.5

Quarter ended 30 Jun 2026

Excellent · 85

Rev +48% YoY · PAT +52% YoY · margin expansion

Revenue: ₹466 Cr; YoY +47.9%
PAT: ₹47 Cr; YoY +51.6%
Operating margin: 17.0%; QoQ -300 bps
PAT margin: 10.1%; QoQ -355 bps

Filed 21 Jul 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 1 Base / Transition

Current trend context ranked against all active NSE stocks. It describes the chart; it is not a buy or sell signal.

RS percentile: 88; -2 ranks over 20D
Stage 2 entry: Not in Stage 2; Current classification: Stage 1 Base / Transition
Sector rotation: #2; leading · 600 stocks
Industry rotation: #8; leading · 41 stocks

Trend structure

Below 20-DMABelow 50-DMAAbove 200-DMA

RSI (14)

Weak momentum

MACD

Below signal

Histogram -12.67

Volume participation

0.2x average

So far vs 20-session average

20-session position

23% of range

₹1,550.3 low · ₹1,986.5 high

Relative performance

vs Nifty 500

1M: +4.9 pp; stock +1.4%
3M: +2.7 pp; stock -2.8%
6M: +25.5 pp; stock +21.8%
1Y: +72.4 pp; stock +65.4%

From 52W high

-21.6%

High ₹2,152.6

52W range position

68%

₹707.6 - ₹2,152.6

ATR (14)

5.5%

₹93.71

Avg traded value

₹34 Cr

20-session average

Current setup

No confirmed setup attached

Review the chart and detailed technical evidence before drawing a conclusion.

Open detailed technicals →

Research snapshot

What the evidence says now

Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.

Suggested next step

Research, do not rush

The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.

U-Score

Legacy · FAIR VALUE

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Excellent · 85/100

Rev +48% YoY · PAT +52% YoY · margin expansion

Filed 21 Jul 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹466 Cr	+47.9%	-37.7%
EBITDA	₹77 Cr	+57.1%	-48.7%
Operating margin	17.0%	+200 bps	-300 bps
PAT	₹47 Cr	+51.6%	-53.9%
PAT margin	10.1%	+25 bps	-355 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: 65.30
P/B: 15.31
EV/EBITDA: 35.14
Market Cap: 14251.00Cr

Profitability

ROE: 31.70%
ROCE: 45.30%
ROA: 14.38%
Dividend Y: —

Growth (CAGR)

Revenue 5Y: 36.00%
EPS 5Y: 96.00%
Revenue 3Y: 28.00%
EPS 3Y: 32.00%

Balance Sheet

Debt/Equity: 0.05
Interest Coverage: 6.78×
Altman Z: 9.11
Book Value: 121.00

Cash Flow

FCF Yield: —
FCF Positive Y: 3/5
OCF: 184.00 Cr
EPS TTM: 28.28

Shareholding

Promoter Hold: 87.28%
Promoter Pledge: 0.00%
Momentum 52W: 77%

Financial History

Updated 20/10/2026

Revenue

₹ Cr

Latest: 1,852+48.9% vs prev

Net Profit

₹ Cr

Latest: 202+69.7% vs prev

Return on Equity

Latest: 21.7-36.1% vs prev

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term uptrend intact. RSI 42.

Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
SMA20 falling (~2.9% over last month) — short-term momentum negative.
RSI(14) at 42 — falling, no extreme reading.
MACD below signal, histogram expanding negatively — bearish momentum building.
23% off 52W high · 133% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

RS percentile

Stage 1 Base / Transition

1M return

+1.4%

3M return

-2.8%

6M return

+14.9%

1Y return

+75.1%

RS 1D

RS 20D

-2

Sector rank

Industry rank

Stage evidence

Price is within 1.1% of the 30-week proxy.
The 30-week proxy changed +6.6% over 20 sessions.
The moving-average structure does not confirm Stage 2 or Stage 4.

50-DMA

price below

200-DMA

price above

Sector

leading

Industry

leading

Relative-strength line vs Nifty 500 (base 100)

261 observations

19 Oct 2026Value 211.59+0.65%

RS vs Nifty 500212

Valuation & peers

U-Score 57 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies

Premium Compounder

Fundamental score breakdown

U band · FAIR VALUE

Valuation0/30

Growth20/25

Quality19/20

Balance Sheet10/15

Cash Flow3/10

Piotroski

8/9 (+5)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

57/100 · legacy band FAIR VALUE

Positive drivers

Piotroski is strong at 8/9.
Quality contributes 19/20 to the score.
Growth contributes 20/25 to the score.

Main drags

Fair-value margin of safety is negative at -48.6%.
Valuation is weaker at 0/30; verify the latest quarterly trend.
Cash flow is weaker at 3/10; verify the latest quarterly trend.

Sector valuation model

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.

Blended relative

Primary lens

PE, EV/EBITDA, margin of safety, and FCF yield together.

Secondary checks

ROE/ROCE, growth, cash conversion, leverage, promoter risk.

Main risk check

One cheap metric is not enough if quality or cash flow is weak.

65.3

15.3

EV/EBITDA

35.1

ROE

31.7%

ROCE

45.3%

FCF Yield

—

Debt/Equity

0.1

MoS

-48.6%

Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 57

Legacy U-Score band

FAIR VALUE

Previous: FAIR VALUE

Margin of safety

-48.6%

Previous: -51.9%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026

v4.3-runtime-valuation

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number

₹277.47

-495.4% MoS

Growth-justified P/E

39.3

Growth-justified Value

₹1,111.4

-48.6% MoS

PEG

0.93

Comparable companies

Peers

Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

VOLTAMP

Micro

Voltamp Transformers Limited

Transformers And Rectifiers (India) Limited

Indo Tech Transformers Limited

Tarapur Transformers Limited

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis intactReviewed 2026-07-22T00:41:28.643Z

Management commentary snapshot

Atlanta Electricals reported strong Q1 FY27 results with consolidated revenue up 48.0% YoY to ₹466.33 Cr, EBITDA up 58.1% to ₹77.10 Cr (16.5% margin), and PAT up 50.4% to ₹46.84 Cr. Order book grew 25.0% QoQ to ₹3,116.63 Cr, providing robust revenue visibility.

The strong Q1 FY27 performance, driven by expanded capacity and disciplined execution, supports the investment thesis. Sequential order book growth and a shift towards higher-capacity transformers indicate successful strategy execution and robust demand in power infrastructure, renewable energy, and industrial applications.

Current business mix

Revenue by Product Mix (Q1 FY27)

Latest issuer-disclosed distribution across 4 reported categories.

Power Transformer79.0%

Auto Transformer6.0%

Inverter Duty Transformer1.0%

Others14.0%

Growth engines

Higher-capacity transformers

Higher-capacity transformers contributing an increasing share of both order book and revenue.

Expanding power infrastructure

Long-term opportunities emerging from India's expanding power infrastructure.

Renewable energy integration

Demand driven by investments in renewable energy integration, battery energy storage systems.

EHV and UHV segments

Advancing capabilities in the EHV and UHV transformer segments, including 400 kV and 765 kV transformers.

Capacity and execution

Atlanta Trafo Acquisition

Acquired 100% stake in Atlanta Trafo, adding 15,780 MVA capacity, to be turned around in a quarter and used for existing orders.

Inverter Duty Transformer Facility

Commissioning of Inverter Duty Transformer facility is a key focus.

Vadod Plant

Vadod plant operational and contributing to revenue.

NABL Accredited Labs

Added 3 NABL Accredited testing labs.

Tailwinds

Robust demand environment

Robust demand environment across transmission & distribution, renewable energy, and industrial applications.

Structural demand drivers

Demand is structural, driven by investments in transmission network expansion, renewable energy integration, industrial electrification, and data centers.

Global green energy transition

Propelled by global transition towards environmentally friendly energy systems.

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens

Compare BOTH

Financial results (Revenue, EBITDA, PAT) are best compared YoY to account for seasonality and project execution cycles. Order book growth is explicitly highlighted QoQ, which is crucial for sequential momentum and future revenue visibility.

Sector KPIs management disclosed

Order Book

Order book increased 25.0% sequentially to ₹3,116.63 crore as of June 30, 2026.

Revenue from Operations

Consolidated revenue from operations grew 48.0% year-on-year to ₹466.33 crore in Q1 FY27.

EBITDA Margin

EBITDA margin was 16.5% in Q1 FY27, up from 15.5% in Q1 FY26.

PAT

Profit after tax rose 50.4% year-on-year to ₹46.84 crore in Q1 FY27.

Management forward view

Confidence in long-term opportunities

Confident in the long-term opportunities emerging from India's expanding power infrastructure.

Focus on capacity utilization & exports

Focused on increasing capacity utilisation across manufacturing facilities and expanding export footprint.

Backward integration & EHV/UHV

Progressing backward integration initiatives and advancing capabilities in EHV and UHV transformer segments.

Strategic investments

Strategic capital investments in new projects, R&D, infrastructure, and inorganic acquisitions/partnerships.

Thesis monitor

Numbers and claims to verify in the next filings

Checkpoint	Current evidence	What to verify next
Order Book	₹3,116.63 Cr (Q1 FY27)	Sustained sequential growth and improvement in revenue cover.
EBITDA Margin	16.5% (Q1 FY27)	Maintenance or improvement of margins, especially from higher-capacity transformers.
Capacity Utilization	98.28% (FY26)	Continued high utilization and successful ramp-up of Atlanta Trafo facility.
Inverter Duty Transformer Facility	Commissioning planned	Successful commissioning and initial revenue contribution.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score

82Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 94th percentile within Industrials. Main check: cash conversion is weak at 55/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026

management-trust-v1

25 docs text-extracted · 8 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

94th percentile

overall median 67 · Industrials: 94th pctile, median 68 · Micro: 90th pctile, median 73

Evidence depth

Financial-only

25 documents have extracted text, but claim history is not strong enough yet.

Claim delivery

Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence

What it measures

Reliability of management and financial delivery, using financial behaviour only.

Confidence

Treat this as an early read until more concalls and outcomes are matched.

Investor use

Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter

strong · holding, pledge, alignment

Cash flow

watch · profit to cash conversion

Balance sheet

strong · leverage and solvency

Discipline

strong · capital discipline

Results

strong · quarterly consistency

Trust positives

▸Promoter holding is 87.3%.
▸Promoter pledge is zero.
▸Debt/equity is 0.05.
▸ROCE is 45.3%.

Trust risks

▸No major Trust Lite risk flags.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Industrials stocks Browse Indian stocks starting with A Explore fundamental stock screeners Browse Indian investment themes

Related companies

Voltamp Transformers Limited (VOLTAMP)Transformers And Rectifiers (India) Limited (TARIL)Indo Tech Transformers Limited (INDOTECH)Marsons Limited (MARSONS)Tarapur Transformers Limited (TARAPUR)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Atlanta Electricals Limited (ATLANTAELE)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Return on Equity

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

Revenue by Product Mix (Q1 FY27)

Higher-capacity transformers

Expanding power infrastructure

Renewable energy integration

EHV and UHV segments

Atlanta Trafo Acquisition

Inverter Duty Transformer Facility

Vadod Plant

NABL Accredited Labs

Robust demand environment

Structural demand drivers

Global green energy transition

What management said, and what results must prove

Order Book

Revenue from Operations

EBITDA Margin

PAT

Confidence in long-term opportunities

Focus on capacity utilization & exports

Backward integration & EHV/UHV

Strategic investments

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Atlanta Electricals Limited

Important announcements & filings

Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep - Management to host JP Morgan-led investor/analyst plant visit on 23 September 2026.

Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Intimation of Analysts meet on 20th August, 2026 at Mumbai

Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Aug - Intimation of Scheduled Investor Meet on Friday, 21st August, 2026.

Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Atlanta Electricals will attend Motilal Oswal 22nd Annual Global Investor Conference on 19 August 2026.

Announcement under Regulation 30 (LODR)-Press Release / Media Release 18 Aug - Atlanta Electricals received Rs 193.92 crore LOI from APTRANSCO for 12 auto transformers.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 18 Aug - Received APTRANSCO LOI for 12 transformers worth Rs 193.92 crore, including GST.

Jul 2026 · PPT

Jul 2026 · Transcript

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Jul - Intimation of Earning Call to discuss Financial performance of the Company for Q1 & FY27.

Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 1d - Newspaper Publication - Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026

Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 2d - Q1 FY27 revenue rose 48% to ₹466.33 crore; RRVPNL order worth ₹291.68 crore.

Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 6h - CARE report for quarter ended 30 Jun 2026 shows nil deviation; Rs.398.09 crore utilized.