Rs 2,926 crore order book: Transformers & rectifiers company bags new orders worth Rs 565 crore from Power Grid Corporation of India Ltd

The stock gave multibagger returns of 310 per cent in just 1 year, 2,400 per cent in 3 years and a whopping 8,800 per cent in 5 years.

Transformers and Rectifiers (India) Limited has successfully secured orders worth Rs 565 Crore from Power Grid Corporation of India Limited. These orders entail the manufacturing and delivery of transformers and reactors ranging from 80 MVAr to 500 MVA and 420kV to 765 kV class. The execution of these contracts is slated for the financial year 2025-2026. Notably, these orders are domestic in nature and fall within the company's normal course of business, ensuring that they are not classified as related party transactions.

Earlier, the company secured orders worth Rs 114 crore from RRVPNL. These domestic orders involve the manufacturing and delivery of power transformers with a capacity of 50 MVA and a voltage ratio of 132/33 KV. The execution of these contracts is scheduled for the next financial year.

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 Thursday, shares of Transformers & Rectifiers India Limited hit a 5 per cent upper circuit to Rs 684 per share from its previous closing of Rs 651.45. The stock gave multibagger returns of 310 per cent in just 1 year, 2,400 per cent in 3 years and a whopping 8,800 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.