Madhuri Madhusudan Kela portfolio company tested and supplied the world’s 3rd largest electric arc furnace transformer, stock hits upper circuit today!

The stock has delivered a multibagger return of over 2,200 per cent in the past 3 years.

Transformers and Rectifiers India Limited is committed to empowering the rapid infrastructure expansion of the steel industry by offering innovative solutions and supplying reliable, sustainable transformers. Today, the company has announced that they have successfully tested and supplied a 220 MVA Electric Arc Furnace Transformer, the world’s third largest. This transformer has been supplied to one of the world’s leading companies engaged in the production of steel plants.

Following this announcement the company’s shares hit the upper circuit today and finally closed at Rs 650.55 per share on the BSE.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 513 crore, representing a growth of 16.96 per cent, and a net profit of Rs 42 crore. In FY24, the company reported a revenue of Rs 1291 crore and a net profit of Rs 47 crore, compared to a net profit of Rs 42 crore in the previous year.

Share Performance:

On Monday, the company's stock closed at around Rs 650.55 per share, with a market capitalisation of Rs 9275 crore. Additionally, the stock has delivered a multibagger return of around 4736 per cent in the past five years.

According to the shareholding pattern, the promoters hold 69.65 per cent, while FIIs and DIIs hold 4.45 per cent and 1.89 per cent respectively. Public investors hold 24 per cent, and Madhuri Madhusudan Kela holds 3.91 per cent of the company, as per the recent update.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.