2,900 per cent Multibagger Returns: Transformers & Rectifiers Company Bags Rs 270 Crore Order from Adani, Siemens & More
The stock delivered phenomenal returns of 410 per cent over the past year, 2,980 per cent in three years, and an astonishing 11,220 per cent over five years.
Transformers and Rectifiers (India) Limited has secured orders valued at Rs 270 crore from major players like Siemens, Adani, AMNS, and Jindal Group. These orders involve the manufacturing and supply of transformers and reactors with capacities from 90 MVA to 500 MVA and voltage levels of 220kV to 420 kV. Delivery is scheduled for the next financial year. These orders are domestic and are part of the company’s regular operations, ensuring they are not classified as related party transactions.
Earlier this month, the company received a substantial Rs 565 crore order from Power Grid Corporation of India Limited. This contract includes transformers and reactors ranging from 80 MVAr to 500 MVA and voltage levels between 420kV and 765 kV, set for delivery in the next financial year.
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About the Company
Transformers & Rectifiers India Limited produces a wide range of transformers, including those for power generation, transmission, and distribution. With a market cap exceeding Rs 13,000 crore, the company has shown robust profit growth at a 57.2 per cent CAGR over the last five years. Its order book, as of September 30, 2024, stands at Rs 3,500 crore.
As of Tuesday, shares rose by 3.8 per cent. The stock delivered phenomenal returns of 410 per cent over the past year, 2,980 per cent in three years, and an astonishing 11,220 per cent over five years. Investors may find this small-cap stock worth adding to their watchlist.
Disclaimer: The article is for informational purposes only and not investment advice.