Domestic benchmark equity indices, the Sensex, and the Nifty 50 ended Tuesday’s session in Red dragged by selling in information technology (IT), banks, and realty. The Sensex ended at 72,943.68 down by 456.10 points or 0.62 percent, while the Nifty 50 closed at 22,147.90 down by 95.75 points or 0.43 percent in Tuesday’s session. 

Listed below is a small-cap stock that has delivered multibagger returns of 8,602 percent to the shareholders of the company in 4 years 

With a market capitalization of Rs. 8,560 Crores, the shares of Transformers & Rectifiers (India) Limited hit a 5 percent upper circuit in the day’s trade at Rs. 600.45. It has delivered multibagger returns of 842 percent in a year. 

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From April 2020, the shares of Transformers & Rectifiers (India) Limited delivered 10,116 percent gains compared to Rs. 5.90 4 years ago to the current price. For example, if someone had invested Rs. 1 lakh into the company’s stock 4 years ago, it would have turned to ~Rs. 1.01 Crore. 

Transformers & Rectifiers (India) Limited is engaged in designing and manufacturing the the entire range of transformers viz Power, Distribution, Furnace, Rectifier Transformers & Shunt Reactors for both domestic and international markets. 

It caters to various industries like Power Transmission, Distribution, Petrochemicals, Pharmaceutical, Cement, Mining, Railways, Green Energy, Paper & Pulp, Metal Processing and many more. 

As of Q4FY24, Transformers & Rectifiers (India) Limited has an unexecuted order book worth Rs. 2,582 Crores and has Inquiries under negotiations worth Rs. 17,176 Crores. 

The product-wise order book breakup as of FY24 consists of Power Transformers 66 percent, Reactors 29 percent, Furnace Transformers 3 percent, Distribution Transformer 2 percent and Rectifier Transformers 1 percent. 

It has a strong customer base with well-known players like Adani Renewables, Tata Power, KEC International, JSW, PowerGrid, Jindal Steel & Power, NTPC, Siemens Energy, Torrent Power, and many More. 

The Customer-wise Revenue breakdown consists of Central/State/Railway at 31 percent, Industrial Customers at 49 percent, Exports at 11 percent, and Others at 9 percent. 

Looking into the financials Its revenue from operations grew by 16.96 percent YoY from Rs. 438.35 Crores in Q4FY23 to Rs. 512.70 Crores in Q4FY24 and it grew by 38.81 percent QoQ from Rs. 369.35 Crores in Q3FY24 to Rs. 512.70 Crores in Q4FY24. Its Net Profit Grew by 333.52 percent YoY from Rs. 9.60 Crores in Q4FY23 to Rs. 41.62 Crores in Q4FY24 and it grew 164.75 percent QoQ from Rs. 15.72 Crores in Q3FY24 to Rs 41.62 Crores in Q4FY24. 

Written by: Bharath K.S


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