The shares of the transformer manufacturers gained up to 9.30 percent after the company received a new work order for the supply of power and distribution transformers worth Rs 11.32 crore.
With a market capitalization of Rs 419.85 crore, the shares of Supreme Power Equipment Ltd were trading at Rs 168 per share, increasing around 9.30 percent as compared to the previous closing price of Rs 153.70 apiece.
According to the company filing, Supreme Power Equipment Ltd has received a new work order for the supply of power and distribution transformers from Solar Project Company worth Rs 11.32 crore. The time period to execute the order is 6 months.
Looking into Supreme Power Equipment Ltd’s performance, revenue increased by 90 percent from Rs 52.59 crore in Q3FY24 to Rs 99.90 crore in Q4FY24. During the same time frame, net profit increased by 68 percent from Rs 6.58 crore to Rs 11.07 crore.
The company’s profitability measures show a incline in return on equity (RoE) from 7.16 percent in FY 21-22 to 59.93 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from 29.16 percent to 73.34 percent. In contrast, the net profit margin (NPM) was 14.32 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, promoters own 56.56 percent while Retail shareholders own a 30.02 percent stake in the company and domestic Institutional Investors own a 9.55 percent stake.
Supreme Power Equipment Limited, founded in 1994, manufactures, upgrades, and renovates several types of transformers, including power transformers, generator transformers, and windmill transformers.
Written by:- Abhishek Singh
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