Multibagger penny stock under Rs 85: This transformer manufacturing company bags new order worth Rs 1,77,00,000 from TP Northen Odisha Distribution Ltd (TPNODL)
The stock is up by 91.6 per cent from its 52-week low of Rs 43.90 per share and gave multibagger returns of 1,313 per cent in 2 years.
Alfa Transformers Limited, a manufacturer of small distribution transformers and provider of related technical services including repair, has secured a domestic purchase order worth Rs 1,77,00,000 crore from Tata Power Northen Odisha Distribution Limited (TPNODL). This significant order involves the design, manufacturing and supply of 250 KVA transformers from Alfa's Bhubaneswar plant, with completion expected within 120 days of receiving the order.
On Friday, shares of Alfa Transformers Limited were trading at Rs 84.12 per share from its previous closing of Rs 84.12. The stock’s 52-week high is Rs 126.36 per share and its 52-week is Rs 43.90 per share.
The company has a market cap of Rs 77 crore and has delivered good profit growth of 47.5 per cent CAGR over the last 5 years. The stock trades at a low PE of 12x and has a high ROE of 42 per cent. According to Quarterly Results, the company reported net sales of Rs 8.12 crore and net profit of Rs 0.39 crore in Q1FY25. In its annual results, the net sales increased by 77 per cent to Rs 50.97 crore and net profit increased by 655 per cent to Rs 7.63 crore in FY24 compared to FY23.
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The stock is up by 91.6 per cent from its 52-week low of Rs 43.90 per share and gave multibagger returns of 1,313 per cent in 2 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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