After five days of losses, shares of Transformers & Rectifiers India (TRIL) surged by 5% to ₹620 each due to a big new order.
On Thursday, the company announced it received a major export order worth ₹161 crore from AL Anwaar International. The order is for a “T&R” MAKE 90 MVA, 132/33 KV Transformer with fittings and accessories.
Earlier in February, TRIL secured a ₹232 crore order from the Power Grid Corporation of India. Recently, the company has landed multiple orders, leading to an unexecuted order book of 44,594 MVA valued at ₹2,581 crore as of March 31, according to its Q4 earnings report.
The transformer industry is seeing a surge in orders, especially from sectors like railways, renewables, green energy, and power. The Central Electricity Authority (CEA) estimates that ₹7.42 lakh crore will be invested in upgrading distribution infrastructure from 2022 to 2030.
Besides the CEA’s distribution plan, other factors are expected to boost demand for transformers until 2030. The Indian transformer market is projected to grow at an annual rate of 12-14%.
TRIL plans to take advantage of these growth opportunities in the Transmission & Distribution (T&D) sector, aiming to strengthen its market position each year.
In Q4FY24, TRIL’s consolidated net profit jumped 306% to ₹35.95 crore, with revenue from operations rising to ₹500 crore from ₹425 crore in the same period last year. For the full fiscal year, net profit increased by 16% to ₹56.09 crore, though revenue from operations fell to ₹1,291 crore from ₹1,396 crore in FY23.
The company’s shares have shown remarkable performance, rising 167% in less than five months, from ₹235 to ₹620 each. Over the past year, the stock has returned 315%, and over the last five years, it has delivered an impressive return of nearly 5448%.
Transformers & Rectifiers manufactures and sells various types of transformers, including power and distribution transformers, furnace transformers, rectifier transformers, and specialized transformers.
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