Heavy Buying: Power Transformer Manufacturer Bags Order Worth Rs 26,00,00,000 for Supply of Transformers – Stock Hits Upper Circuit Today
The company’s shares have delivered an impressive multibagger return of over 85 per cent to its shareholders.
Incorporated in 1994, Supreme Power Equipment Ltd is a Small-Cap company that is engaged in the manufacturing, upgrading, and renovation of various types of transformers, including power transformers, generator transformers, and windmill transformers.
On September 19, 2024, the company received a significant domestic order worth Rs 26 crore from a solar energy company to manufacture and supply transformers. The order includes:
- 10 Units of 6 MVA, 800V/33KV Transformers
- 2 Units of 25/31.5 MVA, 110/33KV Transformers
- 110 KV Switch Yard Construction, Installation, and Commissioning
The contract is set to be executed within approximately five months.
Today, the shares of Supreme Power Equipment Ltd rallied and hit the upper circuit and finally closed the day at around Rs 230.50 per share on the NSE. The company’s current market capitalization stands at Rs 576.05 crore. Additionally, the shares have delivered an impressive multibagger return of around 250 per cent compared to the final IPO price of Rs 65 each.
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The company doesn’t declare Quarterly Results, as per the half-yearly results in June FY24, Supreme Power Equipment Ltd recorded a revenue of Rs 25.45 crore compared to Rs 22.90 crore. The operating profit stood at Rs 4.24 crore. The net profit stood at Rs 3.40 crore compared to a profit of Rs 2.71 crore. Looking at the annual performance, the company generated a revenue of Rs 107 crore in FY24. The operating profit for FY24 was Rs 17 crore with an operating profit margin of 16 per cent and a net profit of Rs 14 crore.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.