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.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
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.
Related articles
-
Rs 7,237 crore order book: Railway wagons company bags international order of Rs 536,00,00,000 from CAMALCO SA, Cameroon
-
Rs 1,150 crore order book: Penny stock below Rs 70 bags order worth Rs 16,94,53,640 from National Highway Authority of India
-
Upper circuit alert & Rs 2,984 crore order book: Transmission company bags order valued between Rs 100 crore to Rs 200 crore from a Private Client
-
Rs 270 Crore Order Book: City Gas Distributor Bags Orders Worth Rs 7,16,79,611.72 From 5 Clients Across India
-
Rs 650 crore order book: Mukul Agrawal’s portfolio company secures new order worth Rs 75.40 crore from Gujarat Gas Ltd