Transformer stock engaged in manufacturing, and supplying a wide range of transformers in focus upon receiving a new work order worth Rs. 41 Cr from Adani Power and Mahan Energen Limited (Wholly Owned Subsidiary of Adani Power Limited).
Price Action
With a market capitalization of Rs. 9,956.97 Cr, the shares of Voltamp Transformers Ltd were trading at Rs. 9,775 per equity share, down 0.6 percent from its previous day’s close price of Rs. 9,839.15.
The shares peaked at Rs. 10,042.85 during intraday trading which could be due to confidence in the company’s growing order book.
What Happened
Voltamp has been entrusted with a Rs.41 crore project to design, manufacture, and supply various ratings of distribution transformers for Adani Power Limited and Mahan Energen Limited. The contract which is to be executed within 12 months highlights Voltamp’s expertise in delivering tailored solutions for India’s energy sector.
About the Company
Established in 1967, Voltamp Transformers Ltd is a leading transformer manufacturing company in India. The company is offering distribution transformers, power transformers and dry type transformers, in which the distribution and power transformers are oil-filled transformers.
The company also manufactures resin-impregnated dry-type transformers (11KV Class) in partnership with MORA, Germany, and cast resin dry-type transformers (33KV Class) in collaboration with HTT, Germany. Their manufacturing facility is located at Makarapura in Vadodara.
Financials
Voltamp remains financially robust, reporting 7.6 percent upside in revenue of Rs 399 cr in Q2FY24 to Rs 429 cr in Q2FY25. This was accompanied by a net profit of Rs. 75 cr in its most recent quarter.
In terms of return ratios, it has reported a return on equity (ROE) of 24.98 percent and a return on capital employed (ROCE) of 32.14 percent.
Written by Shwetha Sairam
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