This rectifiers company skyrocketed by 6% intraday after receiving new orders worth Rs 145 crore

5paisa Research Team 25th October 2022 - 06:39 pm

Transformers and Rectifiers (India) order book rises to Rs 1521 crore.

Transformers and Rectifiers (India) is currently trading at Rs 59.00, up by 5.55% from its previous closing of Rs 55.90 on the BSE. The scrip opened at Rs 56.30 and touched a high and low of Rs 62 and Rs 25, respectively. The stock saw a spurt in volume by 2.55 times. The current market cap of the company is Rs 782 crore.

Transformers and Rectifiers (India) have received two orders of transformers for a total contract value amounting to Rs 145 crore from well-known Indian Companies. With this order, the company’s order book as of date stands at Rs 1521 crore.

Transformers and Rectifiers (India) Ltd is in the business of producing power, furnace and rectifier transformers. The total installed capacity of the company's three units in the state of Gujarat is 33,200 megavolt amperes (MVA). These plants are located in the cities of Odhav (1,200 MVA), Changodar (12,000 MVA), and Moraiya (20,000 MVA).

The top line of the company is expanding at a compound annual growth rate of 11% over the past three years. It reported a revenue of Rs 1225 crore for the trailing twelve-month period. Additionally, the TTM operating profit margin has improved from 6.1% to 6.4%.

During FY 22 of the corporation, the cost of the raw materials was equal to 84% of the entire sales. The revenue for FYQ1 increased by 30.0% on a year-over-year basis, coming in at Rs 282 crore. From the previous quarter's operating profit margin of 4.8%, the margin for the most recent quarter came at 8.1%. Because of this, the net profit for the year increased by 126% quarter over quarter and by 1638% quarter over quarter sequentially.

How do you rate this article?

Characters remaining (1500)

View All

5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

FREE Trading & Demat Account

+91