Rs 91.51 Crore Order Book: Transformers company bags order worth Rs 21,30,00,000 from a Chennai-Based Electric Company
The stock gave multibagger returns of 112 per cent from its 52-week low of Rs 101.30 per share.
Supreme Power Equipment Limited (SPEL) has secured a substantial order valued at Rs 21.30 Crore from a prominent Chennai-based electric company. This order entails the production and delivery of a diverse range of high-capacity oil-cooled distribution transformers, including 36 units of 1600KVA, 19 units of 2000KVA, and 2 units of 2500KVA. These transformers are engineered to meet stringent performance standards, guaranteeing reliability and efficiency in power distribution for the client. The project is slated for completion within approximately nine months.
This latest order solidifies SPEL's position as a leading provider of high-quality transformer solutions in the Indian market. With this addition, the company's current order book stands at a robust Rs 91.51 Crore, underscoring strong customer trust and a growing demand for its products. This impressive order book reflects SPEL's strong manufacturing capabilities and its commitment to timely project execution. The company continues to play a vital role in developing a sustainable and efficient energy ecosystem across India.
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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 112 per cent from its 52-week low of Rs 101.30 per share. Investors should keep an eye on this Multibagger transformer stock.
Disclaimer: The article is for informational purposes only and not investment advice.