Transformers stocks in India are primarily represented by companies engaged in the manufacturing of power transformers, which are crucial for electricity transmission and distribution.
The global transformer market is expected to grow to USD 38.91 billion by 2030, driven by rising electricity demand and the growth of renewable energy like solar and wind power. The transformer sector is poised for robust growth, driven by increasing electricity demands and the transition to renewable energy sources.
Listed below are such low-debt transformer stocks to add to your watchlist:
With a market capitalization of Rs. 5,539 crores, the shares of Bharat Bijlee started Friday’s trading session on a lower note at Rs. 4,851 compared to its previous close of Rs. 4,980.80. During the trading session, the shares hit a low of Rs. 4,800, losing around 3 percent and closed the day at Rs. 4,870.75 apiece.
Looking at the company’s financial performance, the revenue decreased by 37 percent from Rs. 587 crores during the March quarter to Rs. 375 crores in the June quarter. On the other hand, the net profits declined by 54 percent from Rs. 49 crores to Rs. 24 crores during the same period.
In terms of key financial metrics, the company reported a return on equity of 7.04 percent and a return on capital employed of 9.81 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 7.01 percent during the same timeframe.
Furthermore, the company has a low debt-to-equity ratio of 0.08 percent which means it has not relied much on debt to fund its operation.
With a market capitalization of Rs. 5,186 crores, the shares of Shilchar Technologies started Friday’s trading session on a lower note at Rs. 6,501 compared to its previous close of Rs. 6,808.90. During the trading session, the shares hit a high of Rs. 6,925, gaining around 2 percent and closed the day at Rs. 6,800 apiece.
Coming onto the company’s financial statements, the revenue decreased by 11 percent from Rs. 118 crores during the December quarter to Rs. 105 crores in the March quarter. On the other hand, the net profits declined by 4 percent from Rs. 26 crores to Rs. 25 crores during the same period.
In terms of key financial metrics, the company reported a return on equity of 43.84 percent and a return on capital employed of 58.01 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 23.15 percent during the same timeframe.
Furthermore, the company boasts a debt-to-equity ratio of ‘zero’, indicating that it has not utilized borrowing to fund its operations.
With a market capitalization of Rs. 13,806 crores, the shares of Voltamp Transformers started Friday’s trading session on a lower note at Rs. 13,500 compared to its previous close of Rs. 13,616.90. During the trading session, the shares hit a high of Rs. 13,800, gaining around 1 percent and closed the day at Rs. 13,627 apiece.
Looking at the company’s financial performance, the revenue increased by 24 percent from Rs. 408 crores during the December quarter to Rs. 504 crores in the March quarter. On the other hand, the net profits declined marginally by around 1 percent from Rs. 95 crores to Rs. 94 crores during the same period.
In terms of key financial metrics, the company reported a return on equity of 22.70 percent and a return on capital employed of 29.11 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 19.01 percent during the same timeframe.
Furthermore, the company boasts a debt-to-equity ratio of ‘zero’, indicating that it has not utilized borrowing to fund its operations.
With a market capitalization of Rs. 758 crores, the shares of Supreme Power Equipment started Friday’s trading session on a lower note at Rs. 280.20 compared to its previous close of Rs. 291. During the trading session, the shares locked a 5 percent upper circuit at Rs. 305.55 apiece.
Looking at the company’s financial statements, the revenue increased by 15 percent from Rs. 53 crores during Q3FY24 to Rs. 61 crores in Q4FY24. In addition, the net profits jumped by 14 percent from Rs. 7 crores to Rs. 8 crores during the same timeframe.
In terms of key financial metrics, the company reported a return on equity of 18.94 percent and a return on capital employed of 28.17 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 12.60 percent during the same timeframe.
Furthermore, the company has a low debt-to-equity ratio of 0.12 percent which means it has not relied much on debt to fund its operation.
With a market capitalization of Rs. 2,488 crores, the shares of Indo Tech Transformers started Friday’s trading session on a higher note at Rs. 2,265 compared to its 2,234. During the trading session, the shares clocked a 5 percent upper circuit at Rs. 2,345.70, also recorded as the company’s fresh 52-week high.
Coming onto the company’s financial performance, the revenue zoomed by 25 percent from Rs. 139 crores during the December quarter to Rs. 175 crores in the March quarter. In addition, the net profits magnified by 136 percent from Rs. 11 crores to Rs. 26 crores during the same period.
In terms of key financial metrics, the company reported a return on equity of 21.57 percent and a return on capital employed of 27.30 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 9.30 percent during the same timeframe.
Furthermore, the company has a low debt-to-equity ratio of 0.02 percent which means it has not relied much on debt to fund its operation.
Written By Vaibhav Patil
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