Multibagger Transformers Stock Locked In Upper Circuit After Bagging Order Worth Rs 15,95,00,000 From Electrical Industry
The stock gave multibagger returns of 130 per cent from its 52-week low of Rs 95 per share.
On Monday, shares of Supreme Power Equipment Ltd were locked in a 5 per cent to Rs 218.20 per share from its previous closing of Rs 207.85 per share. The stock’s 52-week high is Rs 420 and its 52-week low is Rs 95.
Supreme Power Equipment Limited (SPEL) has secured a new domestic order worth Rs 15.95 crore from the Electrical Industry. This order mandates the design, manufacturing, and supply of transformers within a timeframe of approximately 5 months. This win underscores SPEL's strong market position and its commitment to delivering high-quality power and distribution solutions.
Earlier, the company secured new orders worth Rs 4.62 crore, boosting its order book including the above order is Rs 77.27 crore. These orders, acquired in October 2024, demonstrate SPEL's growing demand across various regions in India, particularly in Kerala and Lakshadweep. The company has also made significant progress in expanding its manufacturing capacity by constructing a new facility. This facility, expected to be completed by December 2025, will increase SPEL's production capacity from 2,500 MVA to 9,000 MVA, enabling the company to meet increasing demand and expand its service offerings.
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About the Company
Supreme Power Equipment Limited (Supreme, SPEL), a Tamil Nadu-based company with a rich history dating back to 1994, specializes in the manufacturing of high-quality power and distribution transformers. Initially established as a partnership firm, Supreme was later incorporated as a private limited company in 2005. With three decades of experience, the company has solidified its position as a trusted supplier to local electric utilities. Renowned for its commitment to quality and reliability, Supreme has successfully manufactured and supplied over 17,000 units. The company's recent venture into the windmill segment underscores its expertise in developing transformers capable of handling the demanding conditions of renewable energy systems.
In FY24, the company recorded a consolidated revenue of Rs 113.59 crore, an EBITDA of Rs 23.33 crore and a profit after tax of Rs 14.30 crore. The company has a market cap of Rs 545 crore with an ROE of 31 per cent and ROCE of 37 per cent. The stock gave multibagger returns of 130 per cent from its 52-week low of Rs 95 per share. Investors should keep an eye on this Multibagger transformer stock.
Disclaimer: The article is for informational purposes only and not investment advice.