Rs 3,500 Crore Order Book: Multibagger Transformers & Rectifiers Stock Hit Upper Circuit & 52-Week High As Board Is Likely To Announce Bonus Shares

The stock gave multibagger returns of 430 per cent in just 1 year, 3,155 per cent in 3 years and a whopping 16,500 per cent in 5 years.

On Thursday, shares of Transformers & Rectifiers India Limited hit a 5 per cent upper circuit to Rs 1,253.55 per share from its previous closing of Rs 1,193.90 per share. The stock gave multibagger returns of 430 per cent in just 1 year, 3,155 per cent in 3 years and a whopping 16,500 per cent in 5 years.

Transformers and Rectifiers (India) Limited (TRIL) informed that the Meeting of the Board of Directors of the Company will be held on Wednesday, January 08, 2025, inter alia, to transact the following:

1. To consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine month ended December 31, 2024.
2. To consider the proposal for the issue of bonus equity shares to the shareholders of the company
3. To consider and approve an increase in the authorised share capital of the company inter alia to accommodate the issue of bonus equity shares, if any.
4. To obtain enabling approvals, from the shareholders for issuance of equity shares, and/or equity-linked securities and/or securities convertible into equity shares through qualified institutional placement (QIP) or preferential allotment, subject to approval of the members
5. To consider and approve the amendment of the articles of association of the company.
6. Any other matter with the permission of the chairman.

About the Company

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 September 30, 2024, the company has an order book of Rs 3,500 crore, Order Inflow H1FY25 is Rs 1,729 crore and Inquires under Negotiation are worth Rs 13,500 crore.

According to Quarterly Results, the net sales increased by 79.6 per cent to Rs 461.55 crore, operating profit increased by 290.4 per cent to Rs 80.97 crore and net profit increased by 2,329.1 per cent to Rs 45.91 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 90 per cent to Rs 783.54 crore and operating profit increased by 373 per cent to Rs 127.19 crore in H1FY25 compared to H1FY24. The company reported a net profit of Rs 66.74 crore in H1FY25 compared to a net loss of Rs 10.32 crore in H1FY24, an increase of 747 per cent.

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.