Transformer stock engaged in the business of manufacturing, upgrading, and renovating various types of transformers hit a 5 percent upper circuit in the day’s trade upon receiving work order worth ~Rs. 16 Crores for supply of transformers.
Price Action
With a market capitalization of Rs. 545 Crores, the shares of Supreme Power Equipment Limited hit a 5 percent upper circuit at Rs. 218.20 per equity share, from its previous day’s close price of Rs. 207.85
What Happened
Supreme Power Equipment Limited has received a new work order from one of the leading players in the electrical industry for the Design Manufacturing and Supply of transformers for a consideration of Rs. 15.95 Crores and it is to be executed within 5 months.
About the Company
Supreme Power Equipment Limited is engaged in the business of manufacturing, upgrading, and renovating various types of transformers such as power transformers, generator transformers, windmill transformers, and many more. It has an order book of Rs 60+ Crores.
It has a strong customer base with well-known players like Siemens, Suzlon, Larsen & Toubro, Triveni Engineering & Industries, Swelect, Vestas, Tamil Nadu Electric Board, and many others.
Financials and Ratios
Its revenue from operations grew by 10 percent from Rs. 53 Crores in H1FY24 to Rs. 58 Crores in H1FY25, accompanied by profits of Rs. 7 Crores in both years.
In terms of Return ratios, it has reported a return on equity (ROE) of 30.4 percent, and a Return on capital employed (ROCE) of 37.2 percent. It has reported a debt-to-equity ratio of 0.03.
Written by: Bharath K.S
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