Promoters Holds 74 Per Cent Stake: Multibagger Transformers & Cables Stock Hit Upper Circuit; PAT Jumps 95 Per Cent in H1FY25

The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 134.05 per share.

On Wednesday, the shares of RTS Power Corporation Ltd surged and reached an upper price band of Rs 296.15 per share, after being locked in the 5 per cent upper circuit. Shares have a 52-week high of Rs 401.80 while their 52-week low is Rs 134.05.

RTS Power Corporation Ltd (RPCL), a flagship venture of the Bhutoria Group established in 1971, is a key player in India's power sector. Specializing in the manufacturing and sale of power and distribution transformers, cables, and wind power solutions, RPCL is a pivotal contributor to the generation, transmission, and distribution of electricity. The company's strategic positioning as a multi-locational and multi-product enterprise leverages cost-effective production in North India to serve customers across the northern and eastern regions through its strategically placed plants.

According to Quarterly Results, the net sales increased by 79 per cent to Rs 53.03 crore and net profit decreased by 60 per cent to Rs 0.61 crore in Q2FY25 compared to Q2FY24. In its annual results, the company reported net sales of Rs 140 crore and net profit of Rs 4 crore in FY24. In its half-yearly results, the net sales increased by 72 per cent to Rs 96.98 crore and net profit increased by 95 per cent to Rs 4.69 crore in H1FY25 compared to H1FY24. 

The promoters of the company own a 74 per cent stake in the company and the rest 26 per cent stake is owned by the general public as of September 2024. The company has a market cap of Rs 271.53 crore. The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 134.05 per share. Investors must keep this stock on their watch list.

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