This High ROE And ROCE Company Bags a New Work Order Worth Rs 21.30 Crore; Stock Price Locked In 5 Per Cent Upper Circuit!
The company's stock price has given 128 per cent multibagger returns since December 29, 2023.
Shares of Supreme Power Equipment Limited locked in the 5 per cent upper circuit on Monday amid bagging a new work order, as mentioned below.
Supreme Power Equipment Limited has announced the receipt of a new order valued at Rs 21.30 crore on January 20, 2025. The order has been awarded by an electric company based in Chennai, marking a significant addition to the company's domestic projects.
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The nature of the order involves the manufacturing and supply of oil-cooled distribution transformers. As per the agreement, the order is expected to be executed within approximately nine months.
This new contract highlights Supreme Power Equipment Limited's commitment to serving the domestic energy market while reinforcing its position as a reliable provider of power equipment. For further details, the disclosure has been submitted to the stock exchanges and is available for reference.
Incorporated in 1994, Supreme Power Equipment Limited is engaged in manufacturing, upgrading, and renovating various types of transformers such as power transformers, generator transformers, windmill transformers, etc.
Supreme Power Equipment Limited currently has a market capitalisation of Rs 560 crore, with its stock priced at Rs 224. The stock has a 52-week high and low of Rs 420 and Rs 101, respectively. It trades at a price-to-earnings (P/E) ratio of 38.2, whereas the industry price-to-earnings (P/E) ratio is 60.9x, indicating stock trading at a discount, with a book value of Rs 32.4. The company's stock price has given 128 per cent multibagger returns since December 29, 2023.
The company has strong ROCE of 37.2 per cent and ROE of 30.4 per cent.
Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.