900 per cent returns in this low PE multibagger stock at Rs 102; Company bags new order worth Rs 27.39 crore from Gujarat Electricity Board

The stock gave multibagger returns of 449 per cent from its 52-week low of Rs 18.51 per share and a whopping 900 per cent in 3 years.

Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services. The company has bagged new orders worth Rs 27.39 crore from the Gujarat Electricity Board (PGVCL, MGVCL, UGVCL). The order includes the design, manufacturing and supply of 10 KVA 4,994 Nos of transformers from the Vadodara plant. The order is to be executed within 7 months.

Earlier, the company received a purchase order worth Rs 76.70 lakh from Regard Network Solution Private Limited. The order includes the design, manufacturing, supply and installation of 2.0 MVA, 33/0.433KV ONAN, and Dyn 11 transformers from the Bhubaneswar plant. The order is to be executed within 30 days.

Today, shares of Alfa Transformers Limited were locked in a 5 per cent upper circuit to Rs 101.59 per share from its previous closing of Rs 96.76. The stock’s 52-week high is Rs 121.40 per share and its 52-week is Rs 18.51 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.

The company has a market cap of Rs 92.96 crore. The stock trades at a low PE of 12x and has a high ROE of 43 per cent. According to Quarterly Results, the company reported net sales of Rs 13.37 crore and net profit of Rs 0.22 crore in Q3FY24. In its annual results, the net sales increased by 200 per cent to Rs 28.88 crore and net profit increased by 125 per cent to Rs 1.01 crore in FY23 compared to FY22.

The stock gave multibagger returns of 449 per cent from its 52-week low of Rs 18.51 per share and a whopping 900 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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