Voltamp Transformers Ltd Bags New Order Worth Rs 149 Crore From Gujarat Energy Transmission Corporation Ltd

Transformers-132757">Voltamp Transformers Limited has secured a significant domestic order from the Gujarat Energy Transmission Corporation Limited (GETCO), valued at approximately Rs 149 crore (inclusive of GST). This order, received via a Letter of Intent, is for the design, manufacture, test, and supply of various ratings of Power Transformers. The contract is a major boost for the company and is required to be executed within a period of six months. The successful fulfilment of this domestic contract will involve providing essential equipment to strengthen the power transmission infrastructure in Gujarat.

Voltamp Transformers Ltd, headquartered in Baroda, India, is a prominent manufacturer of a diverse range of oil-filled power and distribution transformers. The company's product portfolio caters to a wide spectrum of applications, encompassing transformers with capacities ranging from 160 MVA to 220 KV. To meet the growing demand, Voltamp operates state-of-the-art manufacturing facilities in Makarpura and Savli, Vadodara, boasting a combined installed capacity of 14,000 MVA. The company's products have earned global recognition, with exports reaching various countries including India, Nepal, Bhutan, Sri Lanka, Middle East Asia, South East Asia, and Africa.

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The company has a market cap of over Rs 7,000 crore and has delivered good profit growth of 29.7 per cent CAGR over last 5 years with healthy dividend pay-out of 30.4 per cent. The shares of the company have a PE of 31x, an ROE of 25 per cent and an ROCE of 32 per cent. The stock is up by 25 per cent from its 52-week low of Rs 5,900 per share and has given multibagger returns of over 600 per cent per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.