Synopsis: SPEL reported strong H1FY26 results with a 29% revenue growth and a 30% profit rise, securing ₹ 34.18 Crore in new orders recently, expanding its presence in Telangana and Karnataka.
The shares of the micro-cap company that specializes in manufacturing, upgrading, and refurbishing various types of transformers, including power and distribution transformers, rallied up to 6 percent in intraday trade. In this article, let’s explore the reason behind the rally.
With a market capitalization of Rs. 533.31 Crores on Monday, the shares of Supreme Power Equipment Limited jumped upto 6.4 percent, reaching a high of Rs. 215.05 compared to its previous close of Rs. 202.05.
What Happened
Supreme Power Equipment Limited, engaged in manufacturing, upgrading, and refurbishing various types of transformers, including power and distribution transformers, has rallied upto 6 percent in intraday trade as they have announced their September results.
Here are the announced H1 results as follows
Its Revenue from operations rose by 29 percent YoY from Rs. 58.1 Crores in H1FY25 to Rs. 75.1 Crores in H1FY26, and it declined by 17 percent half-yearly from Rs. 90.5 Crores in H2FY25 to Rs. 75.2 Crores in H1FY26.
Its Net Profit YoY rose by 30 percent from Rs. 7.29 Crores in H1FY25 to Rs. 9.50 Crores in H1FY26, and it decreased by 18 percent half-yearly from Rs. 11.6 Crores in H2FY25 to Rs. 9.50 Crores in H1FY26. The earnings per share (EPS) for the half-yearly period stood at Rs. 3.76, compared to Rs. 4.59 in the previous one.
Other updates
SPEL, a leading manufacturer of power and distribution transformers, has secured three significant orders totaling Rs. 34.18 Cr over the past two weeks, marking its first entry into Telangana and strengthening its presence in Karnataka.
It has secured three new transformer supply orders in September 2025, strengthening its presence in South India. The first and largest order, worth approximately Rs. 19.82 crore, comes from a reputed EPC company in Telangana, marking SPEL’s first entry into the state with a supply of eight 20 MVA power transformers.
The company also received a repeat order worth around Rs. 4.34 crore from an EPC client in Karnataka for seven power and distribution transformers. Additionally, a Karnataka-based power utility placed orders totaling about Rs. 10.02 crore for four new-capacity 20 MVA transformers. All projects are scheduled for completion within roughly six months.
These new orders reinforce SPEL’s position in the power sector and showcase its capability to handle diverse transformer projects. With these additions, SPEL’s standalone order book reaches Rs. 214.21 Cr, and its 90% subsidiary Danya Electric has Rs. 16.23 Cr, bringing the consolidated order book to Rs. 230.44 Cr, ensuring strong visibility for growth and execution in the coming months.
Company Overview
Supreme Power Equipment Limited (SPEL) is a public limited company that manufactures and supplies high-quality power and distribution transformers. With over two decades of experience, the Chennai-based company serves a wide range of sectors, including solar, wind, and electric utilities, and is ISO certified for its quality management systems.
The company has a strong track record, having manufactured and supplied over 17,000 units. Supreme Power Equipment Limited continues to be a key player in the transformer industry, emphasizing innovation and precision in design.
The company shows strong financial performance with a Return on Capital Employed (ROCE) of 28.4% and a Return on Equity (ROE) of 22.4%, indicating efficient use of both capital and equity. The debt-to-equity ratio is low at 0.31, suggesting a conservative approach to leverage.
Additionally, the company has made significant improvements in its working capital management. Debtor days have reduced from 147 to 111, improving cash flow efficiency, while working capital requirements have decreased from 97.5 days to 74.7 days, reflecting better operational efficiency and liquidity management.
Written by Sridhar J
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