The Universe is as below ( as per dalaal street print edition).Not sure why they grouped under two separate divisions.

ELECTRIC EQUIPMENT - TRANSFORMERS

(TTM Sales in brackets in crores)

Bharat Bijlee (641)
Emco Ltd (964)
IMP Powers(156)
RTS Power corporation (128)

POWER - TRANSMISSION/EQUIPMENT
Alstom Projects Ind ( 2001)
Areva T&D India ( 2703)
Indo Tech Transformers (222)
Jyoti Structures ( 1680)
Kalpataru Power (1964)
KEC International ( 3378)
Power Grid Corporation ( 5878)
Shriram EPC Ltd ( 903)
Sujana Towers Ltd (554)
Sunil Hitech Enginee (502)
Transformers and Rectifiers ( 400)
Voltamp Transformers ( 712)

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Some points :-
1) It will be very hard to find a pure transformer manufacturing company since Transformers come under the Power Generation / Transmission / Distribution and most of the players above are EPC contractors. Some of them do turnkey projects and some do just fabrication,etc. Most companies are into manufacturing of other electrical equipment too like motors,etc
2) Power Grid/ State Electricity Boards would be the major order givers to these companies in Transmission / Distribution( it will change since privatisation of power distribution is showing traction). However, some like Bharat Bijlee export equipment too.
3) The capabilities of each company differ a lot in terms of manufacturing for different voltages,etc ( oil filled power transformer, oil filled distribution transformer, resin impregnated dry type transformer and cast resin type transformer )

The below link is a good one to study Transformer Industry in India (even though it is a bit old)

http://webcompilationster.googlepages.com/IndianTransformer120207-IIL.pdf





Edited by Shikari_Shambu - 28/Mar/2009 at 7:52pm

I too like Voltamp, Also Have bharat bijlee.
Bharat Bijlee exists for more than 50 years.. its last 7 years earnings
growth is good. Rewarded shareholders a lot in that period.

Originally posted by basant BB has Rs 180 per share in  investments also pays higher dividend but their promoters are a bit laid back according to some analysts.

Less risk of cooking the books or overextending themselves?

Originally posted by basant We need to get out of the Satyam syndrome. Also the biggest indicator for over extension is the debt equity ratio.

OK, we'll start about Wockhardt .

Anyway, I understand that this company is currently "debt-free". Low raw material prices should help. Of course, demand has to pick up...


Edited by Hitesh Shah - 01/Apr/2009 at 8:19am