Multibagger Transformers Stock Locked In Upper Circuit After Bagging Order Worth Rs 3,63,00,000 From TANTRANSCO

The stock gave multibagger returns of 146 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 233.80 per share from its previous closing of Rs 222.70 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 received a new order worth Rs 3.63 crore from The Tamil Nadu Transmission Corporation Limited (TANTRANSCO). This domestic order involves the manufacturing, supply, and erection of power transformers and is expected to be executed within approximately 3 months.

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 146 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.