On Friday the micro-cap company hit its 5 percent upper circuit to Rs 74.48 per share from its previous close of Rs 70.94 per share after the company received an order from Tata Power Northen Odisha Distribution Limited (TPNODL).
Alfa Transformers Limited filed a report stating that it has received an order from Tata Power Northen Odisha Distribution Limited (TPNODL) for the design, manufacturing, and supply of 100KVA 11/4KV AL Transformers. The order is valued at Rs 1.99 crores and must be completed within 45 days.
According to Alfa Transformers Limited’s financials, net revenue increased by 122 percent year on year, rising from Rs 6.24 crore in Q2FY23 to Rs 13.87 crore in Q2FY24. Their revenue rose 12 percent sequentially from Rs 12.38 crore in Q1FY24 to the current levels.
Furthermore, the company’s net profit increased by 2,064 percent year on year, from Rs 0.28 crores in Q2FY23 to Rs 6.06 crores in Q2FY24. Their profit increased by 392 percent sequentially from Rs 1.23 crore in Q1FY24 to current levels.
The share price of Alfa Transformers Limited rose 98 percent in the last six months and 533 percent in the year to date. For instance, if an investor invested Rs 1 Lakh a year ago the current value of the investment would be 6.33 lakhs.
In comparison to its peers, the company’s price-to-earnings ratio of 7 is low. Additionally, compared to prior years, the return on equity is 206 percent, the return on capital employed is 27 percent and the net profit margin is 3 percent.
Microcap company has a market capitalization of Rs 68.15 crores, the promoter of the company owns 47 percent of the company, and the general public owns 52 percent.
Alfa Transformers Limited is an Indian company incorporated in 1982 that manufactures power and distribution transformers ranging from 10 KVA to 10,000 KVA. They specialize in CRGO lamination and amorphous metal alloy core laminations.
Written by Sriram KV
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