The power distribution company’s shares hit a 5 percent upper circuit of Rs 233 apiece after the company bagged a new work order of Rs 3.63 crore from TRANTRANSCO.
With a market capitalization of Rs 584.29 crore, Supreme Power Equipment Limited’s shares were trading at Rs 233.80 per share, increasing around 5 percent compared to the previous closing price of Rs 223 apiece.
Reason for rise:-
Today, the company’s shares have seen bullish movement after Supreme Power Equipment Limited bagged a new work order of Rs 3.63 crore from TRANTRANSCO for supply and erection orders for power transformers. The duration of this order is 3 months.
Financial performance:-
The company’s revenue soared 12%, rising from Rs 49 crore in Q2FY24 to Rs 55 crore in Q2FY25 while net profit zoomed by 17%, growing from Rs 6 crore to Rs 7 crore during the same period, reflecting strong financial performance and continued business growth.
Remarkable Return:-
The stock has given a negative return of 30 percent in six months and a multibagger return of 116 percent return in a year, A shareholder’s investment of Rs. 1 lakh in the firm is worth Rs. 2.16 lakh in ten months.
Capability & Manufacturing facility:-
The firm has provided transformers for a variety of industries, including the local public power utility and the windmill industry. The firm has also delivered transformers to Gamesa Spain, a global corporation, for solar energy projects in India. These transformers have a voltage range of 16KVA to 25MVA/110KV and power ranges from 1250KVA/22KV to 6000 KVA/33KV.
The company’s production facility spans 17,876 square meters at Thirumazhisai, Thiruvallur, Chennai. Transformer manufacturing expenses are reduced due to the use of contemporary machinery and technology in the production facilities.
Ratio analysis & shareholding pattern:-
In terms of major financial measures, the firm recorded a return on equity (RoE) of 30.4 percent and a return on capital employed (RoCE) of 37.2 percent for the fiscal year 23-24. Furthermore, the net profit margin was 13.1 percent throughout the same time.
According to the most recent shareholding pattern, the Promoters control 56.56 percent of the shares, while Foreign Institutional Investors own 3.87 percent. Retail investors hold the remaining 30.02 percent of the shares.
Company profile:-
Supreme Power Equipment Limited manufactures, upgrades, and renovates various types of transformers, including power transformers, generator transformers, windmill transformers, distribution transformers, isolation transformers, solar transformers, energy-efficient transformers, converters, and rectifier transformers.
Written by:- Abhishek Singh
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