Multibagger Transformer Stock Hits Upper Circuit Today: FIIs Bought 42,480 Shares, Stock Surges Over 300 Per cent in Just 1 Year!
The company’s shares have delivered a multibagger return of over 800 per cent in the past 2 year only.
This Small-Cap company is engaged in the manufacture of power and distribution transformers, as well as special application transformers, mobile substation transformers, and complete substations. The company serves various industries, including transmission, generation, hydro, wind, solar, steel, cement, textiles, utilities, and DESCOMS. With over 56,000 transformers of varying ratings up to 245 KV in operation, Indo Tech Transformers supports numerous substations and industries across India and globally.
At the start of the day's trading session, shares of Indo Tech Transformers Ltd opened at Rs 1825.10 per share, compared to the previous day's closing figure of Rs 1793 per share on the BSE. Currently, the shares closed are at Rs 1882.65 per share. The stock has rallied 5 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 1999.37 crore, and the stock has generated an impressive multibagger return of over 300 per cent in the past 1 year.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per Quarterly Results, in Q1 FY25 Indo Tech Transformers Ltd reported a revenue of Rs 82.15 crore compared to Rs 93.22 crore while operating profit stands at Rs 8.19 crore compared to Rs 6.06 crore with an operating margin of 9.97 per cent in Q1. The company’s net profit is Rs 5.91 crore compared to Rs 3.54 crore. Looking at the annual performance, the company generated a revenue of Rs 503 crore in FY24, compared to Rs 371 crore in FY23. The operating profit for FY24 was Rs 59 crore which was Rs 36 crore in the previous year. The operating profit margin stood at 12 per cent for FY24. The company reported a net profit of Rs 47 crore compared to Rs 26 crore.
According to the shareholding pattern of Indo Tech Transformers Ltd, promoters own a 75 per cent stake, while public investors hold 24.58 per cent. FIIs have increased their stake from 0.02 per cent to 0.42 per cent while DIIs purchased a stake in the company in the recent quarter.
Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.