The share price of this electrical equipment manufacturer jumped up to 7.15 percent after the company signed an agreement with an international customer for manufacture & supply of generators & motors.
T D Power System Ltd is a small-cap company with a market capitalization of Rs 4,054 crores. The company shares were trading at Rs 278.15 a share, an increase of 7.15 percent from the previous close price of Rs 259.60 a share.
According to the company filing, T D Power System Ltd entered into two agreements with Brush Sem s.r.o for the manufacture & supply of Generators & electrical motors, The time period for this agreement is three years which could be extended by 24 months if both parties mutually agree.
Have a look into the company’s financials, the company’s revenue increased by 7.7 percent from Rs 204.54 Q1FY23 to Rs 220.29 Q1FY24. Further, During the same period, net profit increased by 24 percent from Rs 21.49 crores to Rs 26.65 crores.
The company reported excellent return ratios from the previous financial year. Return on equity (ROE) increased from 14.11 percent in FY 2022-23 to 17.11 percent in FY 2023-24, and in the same time frame, the return on capital employed (ROCE) increased from 17.69 percent to 22.29.
As per the recent shareholding pattern, the company’s promoters own 34.27 percent, retail shareholders own a 22.48 percent stake and foreign institutional investors own a 10.11 percent stake in the company.
T D Power System Ltd stock gave a multi-bagger return of 166.33 percent in six months. A shareholder investment of Rs 1 lakh in the company would be worth Rs 2.66 Lakhs in a year.
TD Power Systems Ltd. engages in manufacturing electric motors and AC generators for oil and gas, renewable energy, cogeneration, hydroelectric, electrical traction, marine, and wind power.
Written by:- Abhishek Singh
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