Supreme Power Equipment Limited has secured a domestic order worth ₹5.60 crore for the supply of power transformers, adding to an order book that stood at ₹588.17 crore as of its H2 FY26 analyst call earlier this month.
The Chennai-based transformer manufacturer disclosed the development to the NSE under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The filing, signed by Company Secretary and Compliance Officer Priyanka Bansal, was submitted on June 23, 2026.
With a market capitalisation of ₹642.52 crore, the stock was trading at ₹257.10, up 0.47 percent from the previous close of ₹255.90. The shares trade at a price-to-earnings ratio of 30.93 times.
Order details
The order has been awarded by a New Delhi-based EPC company and involves the supply of 20MVA, 66/11KV power transformers, which are typically used in grid receiving substations to step down transmission voltage for distribution networks.
The delivery location is in Karnataka, and the contract is scheduled to be executed within approximately 11 months.
The company stated that:
- The transaction is domestic in nature.
- The customer is not related to the promoter or promoter group.
- The order does not constitute a related-party transaction.
At ₹5.60 crore, the order represents roughly 3 percent of the company’s FY26 revenue and serves as an incremental addition to its existing order pipeline.
Strong order book provides visibility
According to disclosures made during the H2 FY26 earnings call, Supreme Power Equipment’s order book stood at ₹588.17 crore.
The company secured total orders worth ₹381.21 crore during FY26. Against annual revenue of ₹182.10 crore, the order backlog implies a book-to-bill ratio of about 3.2 times, providing revenue visibility for the coming years.
The Karnataka project could also help strengthen relationships with EPC contractors involved in transmission and renewable energy infrastructure projects in the state.
Capacity expansion underway
A key development for the company has been the commissioning of its Chennai manufacturing facility, which has increased total installed capacity to 9,000 MVA.
The expansion has significantly altered the balance sheet:
- Fixed assets rose from ₹11 crore in FY25 to ₹88 crore in FY26.
- Capital work-in-progress declined from ₹49 crore to ₹28 crore as projects were commissioned.
- Borrowings increased from ₹16 crore to ₹46 crore.
Free cash flow turned negative by ₹30 crore during FY26, reflecting investment outflows of around ₹57 crore as the company expanded capacity.
The enhanced facility also increases the company’s transformer manufacturing capability from 25MVA/132kV earlier to 160MVA, enabling it to participate in larger power transmission and EPC tenders.
Financial performance
For FY26, Supreme Power Equipment reported:
- Revenue: ₹182.10 crore, compared with ₹145 crore in FY25, reflecting growth of 25.6 percent.
- Net profit: ₹20.44 crore, against ₹19 crore in the previous year.
- Operating margins remained in the 15-16 percent range over the past three half-years.
Over the last five years, the company has recorded:
- Revenue CAGR of 40 percent
- Profit CAGR of 138 percent
Working capital efficiency has also improved, with debtor days declining from 130 days to 87 days over the past three years.
Promoters held 57.16 percent of the company as of March 2026.
Company overview
Incorporated in 1994 and listed on the NSE SME Emerge platform under the symbol SUPREMEPWR, Supreme Power Equipment manufactures power transformers, distribution transformers, windmill transformers, solar and inverter-duty transformers, generator transformers, and converter and rectifier transformers.
The company operates manufacturing facilities in Nashik and Chennai and serves state utilities, renewable energy developers, EPC contractors and industrial customers across India.
TL;DR
Supreme Power Equipment has secured a ₹5.60 crore transformer order for a Karnataka project, taking forward an order pipeline that already stood at ₹588 crore. The company has expanded manufacturing capacity to 9,000 MVA and can now produce transformers of up to 160MVA, positioning it for larger transmission projects.
AI Summary
- Supreme Power Equipment won a ₹5.60 crore transformer order.
- The project will be executed over 11 months in Karnataka.
- Order book stood at ₹588.17 crore as of H2 FY26.
- Chennai expansion has lifted installed capacity to 9,000 MVA.
- FY26 revenue rose 25.6 percent to ₹182.10 crore.
