Heavy buying witnessed in this power and transformers stock which gained over 400% in the last three years; do you hold it?
Shares of the company gained more than 70% in the last six months.
Voltamp Transformers Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price surged from Rs 1,015.65 on November 06, 2020, to Rs 5,200 on November 03, 2023, representing an increase of over 400% in a three-year holding period.
An investment of Rs 1 lakh in this company’s shares one year ago would have grown to Rs 5 lakh today.
Voltamp Transformers Limited reported a strong second quarter for FY24, with net sales growth of 20.07% to Rs 381.39 crore, compared to Rs 317.63 crore in the same quarter last year. The operating profit also experienced a significant increase of 39.16%. The net profit for the quarter stood at Rs 68.44 crore, which was Rs 45.94 crore in the previous year’s same quarter.
The company is engaged in the manufacturing of electrical transformers. Its product portfolio comprises oil-filled power and distribution transformers up to 160 megavolt ampere (MVA), 220-kilo volt (KV) class, and dry-type transformers up to 12.50 MVA, 33 KV class. The products find application in varied industries including power, oil refineries, real estate, infrastructure, and steel. The company’s production facilities are located at Makarpura and Savli in Vadodara, Gujarat with an aggregate installed capacity of 14,000 MVA.
Today, the stock opened at Rs 4,898.10, with a high and low of Rs 5,237.20 and Rs 4,898.10, respectively. The stock is currently trading at Rs 5,143, which increased by 6.28%. The stock has a 52-week high of Rs 5,964.20 and a 52-week low of Rs 2,352. The company has a ROCE of 25.1% and an ROE of 19.2% with a market capitalization of Rs 5,203 crore.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.