Atlanta Electricals Limited (ATLANTAELE)
Micro CapIndustrials stocks · Micro cap · NSE
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.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is supportive, price trend supports entry, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Excellent · 85/100Rev +48% YoY · PAT +52% YoY · margin expansion
| 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.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
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.
Revenue by Product Mix (Q1 FY27)
Latest issuer-disclosed distribution across 4 reported categories.
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.
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.
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
Management accountability
What management said, and what results must prove
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.
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.
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.
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.
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.
Trend score and candlestick chart
70Bullishfull bull SMA stack · SMA20 +7.3% / mo · MACD +
Technical chart
ATLANTAELEdaily · 1Y · AUTO+100.2%Daily history is available from 2025-09-29; the requested 1Y window is partially covered.
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 62.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~6.8% over last month) — short-term momentum positive.
- RSI(14) at 62 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 13% off 52W high · 166% 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.
Valuation & score drivers
U-Score 57 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 57 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
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 -68.0%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
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.
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.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 95th percentile within Industrials. Main check: cash conversion is weak at 55/100.
High Trust Lite: Promoter holding is 87.3%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Industrials: 95th pctile, median 68 · Micro: 90th pctile, median 73
25 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead 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.
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.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 66.30
- P/B
- 15.55
- EV/EBITDA
- 35.68
- Market Cap
- 14470.00Cr
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
- 79%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Industrials, ranked by similarity
Peers
Business-comparable names in Industrials, ranked by similarity
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.