The shares of power and transformer manufacturers hit 5 percent upper circuit of Rs 96.76 apiece after the company received a purchase order worth Rs. 27.39 crore from Gujarat Electricity Board.
With a market capitalization of Rs 88.54 crore, the shares of Alfa Transformers Ltd were trading at Rs 96.76 per share, increasing around 5 percent as compared to the previous closing price of Rs 92.16 apiece.
As per the exchange filing, Alfa Transformers Ltd has received a purchase order for the design, manufacturing, and supply of 10 KVA 4,994 Nos of Transformers from the Vadodara plant worth Rs. 27.39 crore from the Gujarat Electricity Board.
Looking into Alfa Transformers Ltd’s performance, revenue increased by 10 percent from Rs 12.09 Crore in Q2FY23 to Rs 13.37 Crore in Q2FY24. During the same duration, net profit decreased by 74 percent from Rs 0.87 crore to Rs 0.22 crore.
The company’s Transformer revenue increased by 213% from Rs 9.1 crore in FY2021-22 to Rs 28.5 crore in FY2022-23, while Repairing/Service Charges revenue increased by 13% from Rs 0.46 crore in FY2021-22 to Rs 0.52 crore.
Looking at the company’s profitability indicators, the return on equity (RoE) increased from 0 percent in FY 21-22 to 74.85 percent in FY 22-23, while the return on capital employed (RoCE) jumped from (16.58) percent to 7.60 percent.
Alfa Transformers Ltd. shares have gained 92.17 percent in the last six months and a multibagger return of 300 percent in a year. A one-lakh rupee investment in the firm would be worth Rs 4 lakhs in a year.
Alfa Transformers Limited engage in manufacturing of power and distribution transformers ranging from 10 to 10,000 kilovolt-amperes (KVA), step lap cold rolled grain orientated (CRGO) laminations, and amorphous metal alloy core laminations. Transformers is the company’s operating segment.
Written by:- Abhishek Singh
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