Transformer stock hits 5% upper circuit after receiving export orders worth $16.8 Mil - Trade Brains

by Trade Brains | Aug 22, 2024 | 12:03 pm | News, Trending News | 0 comments

Transformer stock engaged in designing and manufacturing the entire range of transformers viz Power, Distribution, Furnace, Rectifier Transformers, and many more, hit a 5 percent upper circuit in the day’s trade upon receiving a prestigious export order worth $16.8 Million

With a market capitalization of Rs. 10,662 Crores, the shares of Transformers and Rectifiers (India) Limited hit a 5 percent upper circuit at Rs. 710.45 per equity share, from its previous day’s close price of Rs. 676.65. It has delivered a return of 510 percent in a year.

Transformers and Rectifiers (India) Limited has received 2 new export orders from Linxon Global, Sweden, and Arcelor Mittal, Mexico for a consideration of $14 Million and $2.80 Million respectively totaling $16.80 Million.

Note: Get Best Stock Analysis Tools + Premium Stock Research Reports to invest smartly in the market. Click here to subscribe to Trade Brains Portal Now!!

The first work order received from Linxon Global, Sweden for a consideration of $14 Million is for manufacturing and supplying 18 Nos. of 20 MVA Trackside Traction Transformers & 55 Nos of 7.5 MVA, Track Side Auto Transformers, and the work order will be completed by October 2025.

Also Read

The second work received from Arcelor Mittal, Mexico for consideration of $2.80 Million is for manufacturing and supplying 175 MVA, 66 KV Electrical Arc Furnace Transformer, and the work order will be completed by December 2024.

Transformers & Rectifiers (India) Limited is engaged in designing and manufacturing the the entire range of transformers viz Power, Distribution, Furnace, Rectifier Transformers & Shunt Reactors for both domestic and international markets.

It caters to various industries like Power Transmission, Distribution, Petrochemicals, Pharmaceutical, Cement, Mining, Railways, Green Energy, Paper & Pulp, Metal Processing and many more.

As of Q1FY25, Transformers & Rectifiers (India) Limited has an unexecuted order book worth Rs. 2,926 Crores and has Inquiries under negotiations worth Rs. 17,500 Crores.

It has a strong customer base with well-known players like Adani Renewables, Tata Power, KEC International, JSW, PowerGrid, Jindal Steel & Power, NTPC, Siemens Energy, Torrent Power, and many More.

The product-wise order book breakup as of Q1FY25 consists of Power Transformers 64.79 percent, Reactors 27.55 percent, Furnace Transformers 2.09 percent, Distribution Transformer 3.78 percent, Rectifier Transformers 0.88 percent, and others 0.87 percent

The Customer-wise Revenue breakdown consists of Central/State/Railway at 31 percent, Industrial Customers at 49 percent, Exports at 11 percent, and Others at 9 percent.

Its revenue from operations grew by 107 percent from Rs. 156 Crores in Q1FY24 to Rs. 322 Crores in Q1FY25, accompanied by a loss of Rs. 12 Crores to a profit of Rs. 21 Crores.

In terms of Return ratios, it has reported a return on equity (ROE) of 9.33 percent, and a Return on capital employed (ROCE) of 14.8 percent. It has reported a debt-to-equity ratio of 0.46.

Written by: Bharath K.S

Also Read

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.

No related posts.

Your email address will not be published. Required fields are marked *

Comment *

Name *

Email *

Website

Save my name, email, and website in this browser for the next time I comment.