During the trading session of Tuesday, the shares of a prominent player in the manufacturing of transformers and reactors in India surged by 1.5 percent to Rs. 650 on BSE.
Stock Performance:
With a market capitalisation of Rs. 9,485.2 crores, the shares of Transformers & Rectifiers India Limited (TRIL) opened in the green at Rs. 642, up by 0.3 percent, as against its previous closing price of Rs. 640.15.
The stock has delivered multibagger returns of nearly 280.6 percent of returns in one year, and around 34.3 percent of positive returns in the last six months. So far in 2024, the shares of TRIL have given multibagger returns of about 164.8 percent.
Shareholding Pattern:
According to the September 2024 shareholding pattern, the Promoters hold a 66.16 percent stake in the company. Foreign Institutional Investors (FIIs) own 9.34 percent, while Retail Investors and Domestic Institutional Investors (DIIs) hold 17.57 percent and 6.93 percent, respectively, in TRIL.
FII holdings have risen by 1.34 percent, increasing from 8 percent in Q1 FY25 to 9.34 percent in Q2 FY25. Similarly, DII holdings have grown by 0.6 percent, moving up from 6.33 percent to 6.93 percent during the same period.
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Financials and Future Plans:
The company reported a significant growth in the revenue from operations, experiencing a year-on-year rise of nearly 106.4 percent, increasing from Rs. 156 crores in Q1 FY24 to Rs. 322 crores in Q1 FY25.
Similarly, during the same period, the company’s net profit increased from a loss of Rs. 12 crore to a profit of Rs. 21 crore.
On a year-on-year basis, the consolidated EBITDA increased from Rs. 6.15 crores in Q1 FY24 to Rs. 46.2 crores in Q1 FY25, registering a growth of 651.2 percent YoY, while the company’s EBITDA margins grew to 14.35 percent from 3.95 percent, over the same period.
As of June 30th, the company’s unexecuted order book was valued at Rs. 2,926 crores, with new orders amounting to Rs. 698 crores.
Additionally, the company successfully raised Rs. 500 crores through a Qualified Institutional Placement (QIP). Management also announced that new capacity for renewable energy transformers is set to begin commercial production in December 2024.
The company plans to establish a new manufacturing capacity of 12,000 MVA, set to become operational by the third quarter of FY25, targeting the renewables and green energy sector.
About the Company:
Transformers and Rectifiers (India) Limited (TRIL) is engaged in the business of manufacturing power, furnace and rectifier transformers.
The company offers a wide range of transformers: power transformers, distribution transformers, furnace transformers, rectifier transformers and shunt reactors, which have applications in the power transmission and distribution sector, and other industrial sectors.
The company has completed more than 16,000 Installations worldwide with a presence in over 25 countries, including ‘Dynamic Short Circuit Test’ on 153 Transformers at Renowned Test Laboratories like KEMA & CPRI.
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Written by Shivani Singh
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