Suzlon Peer, Wind Turbine Motors and Generators Manufacturer, Secures Rs 300 Crore 5-Year Contract for Traction Motors Supply to European Market
The company’s shares have delivered an impressive return over 1,300 per cent in the past 5 years.
Today, this Small-Cap motors and generators manufacturing company announced that it has signed a 5-year contract with the Indian subsidiary of a major international firm for the supply of traction motors to the European market.
The initial order, valued at Rs 18 crore, is scheduled for delivery in April 2025, with the total business volume expected to reach around Rs 300 crore over the next five years.
Recent Orders
Recently, TD Power Systems Ltd secured two significant orders from major international gas engine Original Equipment Manufacturers, with a total value of Rs 142 crore for the supply of gas engine generators. These orders highlight a substantial increase in demand within the gas engine segment of the company’s business, intended for applications such as grid stabilization units, baseload power, and data centers.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Share and Financial Performance
Today, the company’s shares closed at around Rs 409.20 and the current market capitalization stands at Rs 6,390 crore. Additionally, the shares have delivered an impressive return of over 230 per cent in the past 2 years.
As per the Quarterly Results, in the Q1 FY25, TD Power Systems Ltd recorded a revenue of Rs 274 crore compared to Rs 220 crore. It reported an operating profit of Rs 48 crore. The net profit stood at Rs 35 crore compared to Rs 27 crore. Looking at the annual performance, the company generated a revenue of Rs 1001 crore in FY24 compared to Rs 872 crore. The operating profit for FY24 was Rs 171 crore with a net profit of Rs 118 crore compared to a profit of Rs 97 crore in FY23.
Read Small-Cap Electronics Company Rallies Over 10 Per cent, Hits 52-Week High - Recently Formed JV with Korea Circuit to Manufacture World-Class HDI, Flex, and Semiconductor Substrate PCBs
Company Overview
TD Power Systems Ltd specializes in manufacturing AC generators and electric motors tailored for various applications, designed to meet customer requirements and specifications. The company produces generators for both conventional and renewable fuel-based power plants, with output capacities ranging from 1 MW to 200 MW for steam and gas turbines, up to 35 MW for hydro, and up to 20 MW for diesel and gas engines, along with customized ratings for wind turbines.
Disclaimer: The article is for informational purposes only and not investment advice.