Back-to-Back Upper Circuit: This Micro-cap Power Equipment Company Wins Rs 10.76 Crore Orders From TNPDCL In 1 Week, Lifting Order Book To Rs 116.62 Crore
The stock has given over 41 per cent returns since January 2024.
Supreme Power Equipment Limited, a Small-Cap manufacturer of power and distribution transformers, has announced the receipt of two significant orders from the Tamil Nadu Power Distribution Corporation Limited (TNPDCL), both secured within the same week. The total value of these orders exceeds Rs 10 crore, further reinforcing the company's strong foothold in the domestic power equipment market.
On May 20, 2025, SPEL received a standalone order worth Rs 6.05 crore from TNPDCL for the supply of 16 kVA/11 kV distribution transformers, aligned with the utility’s technical specifications. Simultaneously, Danya Electric Company, a partnership firm in which SPEL holds a 90 per cent stake, secured an additional order worth Rs 4.71 crore. Both contracts are expected to be executed over an 18-month period and are aimed at enhancing the local distribution infrastructure across TNPDCL’s operational areas.
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These orders come just days after another contract was awarded to SPEL on May 16, 2025, marking a strong week of business activity. With these latest wins, Supreme Power Equipment's standalone order book has crossed Rs 100 crore, while Danya Electric’s pending orders total Rs 15.91 crore. The consolidated order book now stands at Rs 116.62 crore.
Commenting on the development, Mr. Vee Rajmohan, Chairman and Managing Director of SPEL, stated, “Securing two significant orders from TNPDCL within the span of a single week is a testament to the strength and resilience of our partnerships with Tamil Nadu's key utility providers. These repeat awards totaling over Rs 10 crore reflect TNPDCL's confidence in our technical capabilities, rigorous quality standards, and our proven track record of on-time delivery.”
As of the latest trading session, Supreme Power Equipment shares closed at Rs 139.15, with an intraday gain of 2 per cent. The company’s 52-week low stands at Rs 100. The company currently commands a market capitalisation of Rs 347 crore, a P/E ratio of 18.7, and a Return on Equity (ROE) of 27.5 per cent, indicating healthy financials. The debt-to-equity ratio remains moderate at 0.18. The stock has given over 41 per cent returns since January 2024.
For FY25, Supreme Power Equipment Limited reported consolidated revenue of Rs 145 crore, operating profit of Rs 23.33 crore, and a profit after tax of Rs 19 crore. The company has already manufactured and supplied over 17,000 transformers under the SPEL & ROWSONS brands and remains focused on innovation and quality.
These recent developments, along with a robust order book, strong Quarterly Results, and consistent operational performance, reinforce SPEL’s growing presence in the power infrastructure sector.
Disclaimer: The article is for informational purposes only and not investment advice.