Capital Goods - Electrical Equipment · TDPS
Capital Goods - Gensets/Turbines
from 767 today
We expect TDPS to deliver ~40% revenue CAGR over FY26–FY28E, driven by higher realizations, a richer product mix and increasing export contribution from gas engines and turbine generators. Given TDPS' exposure to the data-centre power supercycle, rising export contribution and increasing visibility from global OEM relationships, we value TDPS at a Target Price of Rs926, implying a ~21% upside from the CMP of Rs767.
TD Power Systems delivered strong Q1FY27 performance with significant growth in revenue and PAT, leading to an upgrade in rating to BUY with a revised target price of Rs1,751.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
