Madhuri Madhusudan Kela’s portfolio stock with Rs 1,499 crore order book: This electrical equipment company bags new order worth Rs 232 crore from Power Grid Corporation of India Limited
The stock gave multibagger returns of 500 per cent in just 1 year, 1,945 per cent in 3 years and a whopping 3,200 per cent in 5 years.
Transformers & Rectifiers India Limited informed that the company has been awarded orders of a total contract value of Rs 232 core from Power Grid Corporation of India Limited. The order includes the designing, engineering, testing and manufacturing works & supply of 5 Nos of 500 MVA, 400/220/33kV, 3- 3-Phase ICT, 5 Nos of 500 MVA 400/220/33kV, 3-phase auto transformers along with all fitting, accessories for complete execution and local transportation, in transit insurance, loading and uploading & installation services. The entire work shall be completed within 21 months from the date of issue of notification of award.
As of December 2023, Madhuri Madhusudan Kela, wife of Madhusudan Kela, bought 55,78,111 shares on a preferential basis at Rs 120 per share of a face value of Rs 1 each aggregating to Rs 66,93,73,320 or Rs 66.94 crore.
Order Book Update: As of December 30, 2023, the company has an order book of Rs 1,499 crore and including the above order the company’s order book stands at Rs 1,731 crore.
Transformers & Rectifiers India Limited manufactures a wide range of transformers. The company's products include power generation, transmission, and distribution transformers. The company has a market cap of over Rs 2,311 crore and has delivered good profit growth of 49.7 per cent CAGR over the last 5 years.
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In its Quarterly Results, the net sales increased by 11.15 per cent to Rs 369 crore and the net profit increased by 14.3 per cent to Rs 18 crore in Q3FY24 compared to Q3FY23. In FY23, the net sales increased by 20 per cent to Rs 1,380 crore and net profit skyrocketed by 200 per cent to Rs 42 crore compared to FY22.
Today, shares of Transformers & Rectifiers India Limited were locked in a 5 per cent upper circuit to Rs 358.65 per share with an intraday high of Rs 358.65 and an intraday low of Rs 345.
The stock gave multibagger returns of 500 per cent in just 1 year, 1,945 per cent in 3 years and a whopping 3,200 per cent in 5 years. Investors should keep an eye on this small-cap stock under their watchlist.
Disclaimer: The article is for informational purposes only and not investment advice.
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