LiveNSE delayed · 128/128 · 20 Aug 2026, 10:02 am
Scores stay the 15 Aug 2026 desk snapshot. Not advice.
TDPOWERSYS · Capital Goods · Mid Cap · Live 20 Aug 2026, 10:02 am · Discovery

TD Power Systems Ltd

Specialist generator manufacturer with a strong export book and a fortress balance sheet. Quiet, high-quality, still under-owned.

10X Low
Low Risk
Attractive Entry
Compounder
Hidden Growth
Deep Value Growth
Multibagger score
63.7/100
Market cap
₹23,840 Cr
Last price · live
₹1,519.1
−26.50 (−1.71%)
52W
₹493–₹1,598

Implied P/E 105.3x · TDPOWERSYS.NS · delayed NSE

10X potential (scenario)
LOW
Base multiple
2.0x
Bull multiple
3.8x
Classification
Low Probability

Starting size, cyclicality or valuation leave little room for a dramatic re-rating on conservative maths.

Final investment scorecard

Multibagger63.7 / 100
10X potentiallow
Business quality6.0 / 10
Growth runway6.3 / 10
Competitive advantage6.8 / 10
Management8.0 / 10
Balance sheet8.7 / 10
Valuation6.3 / 10
Technical setup8.2 / 10
Risklow

Why it could become a multibagger

  • Cash-rich, high-ROCE manufacturer still under-owned.
  • Data-centre and industrial backup is a real incremental demand pool.
  • Growth and cash have moved together — the rare clean quality-of-growth print.

What needs to go right

  • Data-centre generator mix keeps rising
  • Export OEM programs renew
  • India industrial capex holds

What could destroy the thesis

  • A global industrial capex winter
  • A large OEM insourcing
  • Value-destructive M&A — currently not the culture

What would make me sell

  • ROCE < 16%
  • Net cash turning to meaningful net debt for low-ROCE M&A
  • Export mix collapsing

Key metrics to monitor

Export mix
FCF
ROCE
Order book
Net cash
Data-centre share

Illustrative FY25 / TTM desk snapshot compiled for this terminal. Not a live NSE/BSE feed. Cross-check annual reports, exchange filings and investor presentations before use.