Transformer stock hits 5% upper circuit after receiving orders from Adani Group, Jindal Group & others - Trade Brains

by Trade Brains | Oct 29, 2024 | 3:45 pm | News, Trending News | 0 comments

During Tuesday’s trading session, the shares of a prominent player in the manufacturing of transformers and reactors in India hit a 5 percent upper circuit at Rs. 881.15 on BSE, after the company secured multiple orders worth a total of Rs. 270.21 crores from Siemens, Adani, AMNS and Jindal Group.

With a market cap of Rs. 13,222.3 crores, at 03:07 p.m., the shares of Transformers and Rectifiers (India) Limited (TRIL) were trading in the green at Rs. 876, up by 4.4 percent, compared to its previous closing price of Rs. 839.2.

According to the latest regulatory filings with the stock exchanges, Transformers and Rectifiers (India) Limited has secured multiple orders totalling Rs. 270.21 crores from Siemens, Adani, AMNS India, and Jindal Group, all scheduled for delivery by FY26.

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The first order, valued at Rs. 117.03 crores, comes from Siemens Limited for the manufacturing and supply of four 225 MVA, 400 kV coupling transformers and seven 150 MVA, 400 kV coupling transformers.

The second order, worth Rs. 102.78 crores, is from Adani Energy Solution Limited for the manufacturing and supply of four 125 MVAr, 420 kV reactors and three 500 MVA, 400 kV transformers for various TBCB packages.

The third order, amounting to Rs. 6 crores, has been awarded by AMNS India Limited for the manufacturing and supply of a 90 MVA, 220 kV power transformer.

The final order, valued at Rs. 44.4 crores, is from Jindal Group for the manufacturing and supply of five 150 MVA, 220 kV power transformers.

On 13th September, Transformers and Rectifiers (India) Limited received orders worth Rs. 114 crores from RRVPNL to manufacture Power Transformers of 50 MVA, 132/33 KV.

On 3rd October, the company secured orders worth Rs. 565 crores from Power Grid Corporation of India Limited for the manufacturing of Transformers and Reactors with a range of 80 MVAr to 500 MVA and 420kV to 765 kV Class, to be delivered by FY26.

The company reported a significant growth in the revenue from operations, experiencing a year-on-year rise of nearly 80 percent, increasing from Rs. 257 crores in Q2 FY24 to Rs. 462 crores in Q2 FY25.

Similarly, during the same period, the company’s net profit increased from Rs. 2 crores to Rs. 46 crores, representing a growth of nearly 2200 percent YoY.

On a year-on-year basis, the consolidated EBITDA increased from Rs. 20.7 crores in Q2 FY24 to Rs. 81 crores in Q2 FY25, registering a growth of 291.3 percent YoY, while the company’s EBITDA margins grew to 17.11 percent from 8.04 percent, over the same period.

As of September 30th, the company’s unexecuted order book was valued at Rs. 3,500 crores, with new orders amounting to Rs. 1,031 crores.

Additionally, the company successfully raised Rs. 500 crores through a Qualified Institutional Placement (QIP), as of June 2024. 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.

The stock has delivered multibagger returns of nearly 406.4 percent of returns in one year, and around 31.7 percent of positive returns in the last six months. So far in 2024, the shares of TRIL have given multibagger returns of about 262.4 percent.

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.

Written by Shivani Singh

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.

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