Multibagger Power Transformer Stock Hits Upper Circuit – Recently Secured Rs 42.56 Crore Order for Four 192 MVA Transformers
The company’s shares have delivered a multibagger return of over 1,400 per cent in the past 2 years.
Indo Tech Transformers Ltd specializes in manufacturing power and distribution transformers, as well as transformers for special applications, including mobile substation transformers and substations. The company produces power, distribution, inverter, and converter transformers, catering to diverse industries such as transmission, generation, hydro, wind, solar, steel, cement, textiles, utilities, and DISCOMs. With over 56,000 transformers of various ratings, up to 245 KV, in operation, Indo Tech Transformers serves numerous substations and industries across India and globally.
Share Performance
At the start of today's trading session, the shares of Indo Tech Transformers Ltd opened at Rs 2731.60 per share, compared to yesterday’s closing price of Rs 2731.60 per share on the BSE. Currently, the shares are trading at around Rs 2868.15 per share on the BSE. The current market capitalization stands at Rs 3,045.98 crore. The company’s shares have delivered an impressive multibagger return of over 370 per cent in the past year.
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Recent Work Order
As per the company’s press release, Indo Tech Transformers Ltd has secured a Letter of Award (LOA) for the supply of four 192 MVA transformers. The total value of the order under this LOA is Rs 42.56 crore, excluding applicable taxes. The contract is scheduled for execution by May 2025.
Financial Performance
As per Quarterly Results, Indo Tech Transformers Ltd in Sep 2024 reported a revenue of Rs 146 crore compared to Rs 96 crore representing a growth of around 53 per cent YoY. The company posted an operating profit of Rs 23 crore with a margin of around 16 per cent compared to Rs 11 crore with a margin of around 12 per cent. The company reported a net profit stood at Rs 18 crore for the period compared to a profit of Rs 7 crore same quarter last year representing a growth of 171 per cent YoY.
Looking at the annual performance, the company generated a revenue of Rs 504 crore in FY24 compared to Rs 371 crore in FY23 representing a growth of around 36 per cent YoY. The operating profit for FY24 was Rs 68 crore compared to a profit of Rs 36 crore in FY23. The company reported a net profit of Rs 47 crore compared to a profit of Rs 26 crore.
Disclaimer: The article is for informational purposes only and not investment advice.