Bengaluru-based TD Power Systems has seen its shares surge over 3,100% in five years, driven by booming international orders and a strategic focus on global markets for reliable power generation equipment.
TD Power Systems has emerged as one of the market’s sharper export-led growth stories, helped by a surge in overseas orders and a business mix that is increasingly tied to global demand for reliable power equipment. The Bengaluru-based maker of generators and industrial motors has seen its shares climb from about ₹45 five years ago to around ₹1,490, a rise of more than 3,190%, according to Trade Brains. That rally reflects more than momentum alone: the company’s latest quarterly figures suggest the operating performance behind the share price is still improving.
The business was founded in 1999 and initially built its technology base through a licensing arrangement with Toyo Denki of Japan. It later formed collaborations with Siemens, Voith and INNIO, and expanded into Europe and the United States in 2016 before setting up generator assembly operations in Turkey the following year, Trade Brains reported. The company has since diversified into industrial motors and now has equipment in service across more than 100 countries, with recent growth led by demand from abroad rather than the domestic market.
That international exposure was clear in the June quarter. Trade Brains said consolidated income rose 71% year on year to ₹640 crore, while EBITDA increased 72% to ₹122 crore and net profit climbed 72% to ₹86 crore. Order inflow jumped 87% to ₹734 crore, with 93% of that coming from overseas customers. The company’s order book stood at ₹2,207 crore as of June 30, 2026. Business Standard separately reported that in the quarter ended March 31, 2026, TD Power Systems posted a 36.16% rise in consolidated net profit to ₹72.19 crore, while revenue grew 69.21% to ₹589.19 crore and order inflow rose 64% to ₹666.5 crore, with exports accounting for 79% of the total.
The broader trend has been steady rather than sudden. Trade Brains said revenue has risen from ₹594 crore in FY21 to ₹1,856 crore in FY26, while net profit has grown from ₹45 crore to ₹239 crore over the same period. The balance sheet has also remained relatively restrained: borrowings were ₹23.8 crore at the end of June 2026, compared with equity of ₹1,158 crore, and cash holdings increased to ₹119.6 crore. Management is now focusing on execution, including a ₹50 crore debottlenecking programme in FY27 that is intended to lift annual capacity to about ₹3,200 crore in FY28, and possibly beyond ₹4,000 crore in FY29 and FY30. Trade Brains also reported that the company may enter the more than 100 MW generator market and has raised its FY27 revenue guidance to ₹2,600 crore, although at a price-to-earnings ratio of close to 84, the market is already pricing in a lot of future growth.
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