Multibagger in just 6 months: This micro-cap electrical equipment company receives a work order from Tata Power!
The share of the company gained more than 300 per cent in just one year.
On May 26, 2023, Alfa Transformers Limited informed in the exchange filing that the company has been awarded a special application transformer for eradication of voltage fluctuations by TPCODL. After the successful performance of 500 KVA LINE VOLTAGE REGULATING TRANSFORMERS, TATA POWER has awarded an order of 10,000 lO/A 24 kv to 35 kv LURT.
Alfa Transformers Limited has delivered multibagger returns to its shareholders in the last 6 months. During this period, the company’s share price jumped from Rs 8.30 on November 28, 2022, to Rs 31.96 on May 26, 2023, an increase of about 285 per cent in six months holding period.
In Q4FY23, the company’s revenue stood at Rs 7.24 crore, showing a YoY growth of 123.69 per cent. The operating profit of the company stood at Rs 0.67, and the PAT of the company stood Rs 0.20 crore.
Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work. The company has two manufacturing units located in Bhubaneswar and Vadodara.
On Friday, the stock opened at Rs 29.15, with a high and low of Rs 32.00 and Rs 29.07. The stock closed trading at Rs 31.96, up by 4.44 per cent over its previous close of Rs 30.60. The stock has a 52-week high of Rs 33.76 and a 52-week low of Rs 5.40.
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