Rs 91.51 Crore Order Book: Transformers company bags order worth Rs 10,02,00,000 from Tamil Nadu Generation and Distribution Corporation

The stock is up by 26.15 per cent from its 52-week low of Rs 100 per share.

Supreme Power Equipment Limited (SPEL) has secured a domestic order valued at approximately Rs 10.02 crore from Tamil Nadu Generation and Distribution Corporation (TNPDCL), a local electric utility. This contract entails the supply of distribution transformers with capacities of 100KVA/22KV and 200KVA/22KV, all manufactured according to the customer's specific requirements. SPEL anticipates executing this order within approximately four months.

About the Company

Supreme Power Equipment Limited (Supreme, SPEL), a Tamil Nadu-based company with a rich history dating back to 1994, specializes in the manufacturing of high-quality power and distribution transformers. Initially established as a partnership firm, Supreme was later incorporated as a private limited company in 2005. With three decades of experience, the company has solidified its position as a trusted supplier to local electric utilities. Renowned for its commitment to quality and reliability, Supreme has successfully manufactured and supplied over 17,000 units. The company's recent venture into the windmill segment underscores its expertise in developing transformers capable of handling the demanding conditions of renewable energy systems.

In FY24, the company recorded a consolidated revenue of Rs 113.59 crore, an EBITDA of Rs 23.33 crore and a profit after tax of Rs 14.30 crore. The company has a market cap of Rs 315.3 crore with an ROE of 31 per cent and ROCE of 37 per cent. The stock is up by 26.15 per cent from its 52-week low of Rs 100 per share.

Disclaimer: The article is for informational purposes only and not investment advice.