The shares of leading transformer manufacturers hit 5 percent upper circuit after the company received a significant purchase order for transformers worth Rs 117.17 crore.
With a market capitalization of Rs 3,236.29 crore, the shares of Indo Tech Transformers Ltd were trading at Rs 3,047.35 per share, increasing around 5 percent as compared to the previous closing price of Rs 2,902.25 apiece.
Reason For Rise:-
The shares of the company have seen bullish movement after Indo Tech Transformers Ltd received a Letter of Intent (LOI)/ Purchase Order (PO)for the supply of 13 Nos of 150 MVA transformers. The aggregate value of the order is Rs 117.17 Crores plus applicable taxes.
Financial performance:-
The company’s revenue stretched 52%, rising from ₹96 crore in Q2FY24 to ₹146 crore in Q2FY25, while net profit pumped by 157%, growing from ₹7 crore to ₹18 crore during the same period, reflecting strong financial performance and continued business growth.
Product Portfolio:-
The company’s product portfolio includes Distribution Transformers (100 KVA/11KV to 5000 KVA/33KV), Power Transformers (5 MVA/33KV to 31.5 MVA/132KV), Large Power Transformers (5 MVA/11KV to 200 MVA/230 KV), and Skid Mounted Substations (up to 5 MVA, 11–33 KV) for diverse applications.
Clientele:-
The company boasts a strong clientele, including TNEB, NTPC, ADANI, L&T, ABB, SIEMENS, NLC, VESTAS, DVC, GAMESA, SUZLON, TATA PROJECTS, JSW Steel, JSPL, BALCO, and Jayaswal Neco. Revenue from the top 10 clients contributes approximately 61% of total revenues.
Manufacturing Facility:-
The company’s manufacturing facility has a capacity of 1000 MVA for Distribution Transformers and 9000 MVA for Power Transformers, supporting its wide range of products across various voltage levels and applications.
Capex plan:-
The company plans to incur a capital expenditure (Capex) of ₹14 crore in FY24, which will be funded through term debt. This investment reflects the company’s ongoing commitment to growth and business expansion in line with its strategic objectives.
Company Overview:-
Indo Tech Transformers Limited specializes in manufacturing power, distribution, inverter, converter, and special application transformers. The company serves a wide range of industries, including transmission, generation, hydro, wind, solar, steel, cement, textiles, utilities, and DESCOMS.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
