Rs 2,926 crore order book: Transformers & rectifiers company bags new export orders worth USD 16.80 million from Linxon Global Sweden & Arcelor Mittal Mexico
The stock gave multibagger returns of 520 per cent in just 1 year, 2,525 per cent in 3 years and a whopping 9,200 per cent in 5 years.
Transformers and Rectifiers (India) Limited has been awarded significant export orders totalling USD 16.80 million. Here are the details: -
The first order, worth US$14.00 million, was received from Linxon Global Sweden. This order involves the supply of 18 Nos. 20 MVA Trackside Traction Transformers and 55 Nos of 7.5 MVA Track Side Auto Transformers. The entire project is scheduled to be completed by October 2025.
The second order, valued at US$2.80 million, was awarded by Arcelor Mittal Mexico. This order entails the delivery of a 175 MVA, 66 KV Electrical Arc Furnace Transformer. The completion deadline for this project is December 2024.
Neither Linxon Global Sweden nor Arcelor Mittal Mexico has any affiliation or related party relationships with Transformers and Rectifiers (India) Limited. Both orders are at arm's length and within the company's normal course of business.
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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 10,000 crore and has delivered good profit growth of 57.2 per cent CAGR over the last 5 years. As of July 2024, Madhuri Madhusudan Kela, wife of Madhusudan Kela, owns a 2.09 per cent stake in the company. As of June 30, 2024, the company has an order book of Rs 2,926 crore
On Monday, shares of Transformers & Rectifiers India Limited plunged 2.41 per cent to Rs 728 per share with an intraday high of Rs 760 and an intraday low of Rs 711.15. The stock gave multibagger returns of 520 per cent in just 1 year, 2,525 per cent in 3 years and a whopping 9,200 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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