Supreme Power Equipment Ltd. – Company Report
1. Company Overview
Supreme Power Equipment Ltd. (SPEL), incorporated in 1994 and headquartered in Chennai, Tamil Nadu, is a prominent Indian manufacturer and supplier of oil-filled power and distribution transformers. It serves a broad spectrum of sectors including power utilities, renewable energy (wind and solar), manufacturing, and infrastructure. With nearly three decades of expertise, SPEL is known for its commitment to custom engineering, energy-efficient solutions, and long-term service reliability.
The company’s 17,800+ sq. m. production facility in Thirumazhisai (Chennai) is ISO 9001:2015 certified and equipped with advanced machinery for manufacturing and testing. SPEL is listed on BSE/NSE, and its products are exported to Europe, the Middle East, and the USA.
- Incorporated: 1994
- Headquarters: Chennai, Tamil Nadu, India
- Certifications: ISO 9001:2015
- Employees: 51–200
- Listed: BSE/NSE
- Facility: 17,800+ sq. m. at Thirumazhisai, Chennai
- Export Markets: Europe, Middle East, USA
- Client Base: Utilities, turnkey EPC contractors, industrial clients, global renewable majors
2. Products and Services
Supreme Power Equipment Ltd. offers a wide range of engineered transformer solutions, including:
- Power Transformers: Up to 50MVA / 110KV, including generator and substation transformers
- Distribution Transformers: Custom-built to utility and industrial specs
- Windmill & Solar Transformers: Optimized for harmonic suppression, harsh environments, and global renewable standards
- Isolation Transformers: For noise-sensitive electrical environments
- Energy-Efficient Transformers: Designed for high efficiency and reduced losses
- Converter & Rectifier Transformers: For renewable integration and specialized industrial loads
- Furnace Transformers: Heavy-duty builds for metallurgy and foundry segments
- Custom Engineering: Range from 16KVA to 25MVA / 110KV, tailored to project needs
- After-Sales Support: Site servicing, upgrades, condition monitoring, refurbishments
All products are tested to stringent Indian and international standards (IS 2026, IS 1180, IEC), with complete type testing, routine testing, and client-specific validation procedures.
3. Recent News and Financial Performance
Business Developments:
October 2025:
- Received a ₹5.06 crore order from an EPC company based in Karnataka. The contract entails the supply of two 20 MVA, 110/11 kV power transformers, which are scheduled to be delivered within 9 months.
- Secured a ₹4.86 crore order from an EPC company based in Bangalore for the supply of power transformers. The order entails the supply of two 20 MVA, 66/11 kV power transformers and is to be executed within eight months.
September 2025:
- Won ₹19.82 crore order to supply three 20MVA power transformers in Telangana. The project is set to be completed within six months.
- Received a ₹10.02 crore order from a reputable power provider in Karnataka. The order involves the delivery of two 20MVA, 66/11KV transformers and two 20MVA, 110/33-11 KV (new capacity) power transformers.
- Secured a ₹4.34 crore order from Reputed EPC Company situated in Karnataka for the Supply of two orders for 7 nos. of power and distribution transformers.
July 2025:
- Secured a ₹4.48 crore order from Danya Electric Company, in which SPEL holds a 90% stake. This order has been placed by Tamil Nadu Power Distribution Corporation Limited (TNPDCL) for the manufacturing and supply of distribution transformers. The project is expected to be completed within approximately 18 months.
June 2025:
- Received a ₹8.56 crore order for two 55MVA, 110/33kV transformers for pooling substations in a renewable project.
- Secured a ₹8.80 crore order comes from an EPC company for KPTCL projects. It involves the supply of four 20 MVA, 66/11 kV power transformers and this contract is scheduled to be executed within approximately five months.
- Received a ₹7.56 crore order has been awarded by a Renewable Power (Solar) Project Company. It requires the supply of 25 inverter duty transformers, ranging from 1250 KVA/33 kV to 6000 KVA/33 kV and the project is expected to be completed within about four months.
May 2025:
- Secured two orders from Tamil Nadu Power Distribution Corporation (TNPDCL):
- ₹6.05 crore standalone order for 16kVA/11kV transformers.
- ₹4.71 crore via subsidiary Danya Electric Company.
- Received a ₹10.02 crore order from TNPDCL for 100kVA/22kV and 200kVA/22kV transformers.
- Won ₹61 crore order from NLC India for inverter-duty transformers—first PSU order from this Navratna company.
- Secured two orders from Tamil Nadu Power Distribution Corporation (TNPDCL):
March 2025:
- Received a ₹3.43 crore order from a Coimbatore-based solar energy company for outdoor oil-cooled power transformers.
February 2025:
- Secured a ₹10.18 crore order from an Electric Company based in Chennai for the Manufacturing and Supply of Parts of transformers.
Jan 2025:
- Secured a ₹3.63 crore order from TRANTRANSCO for supply and erection of power transformers.
- Received an ₹12.81 crore, comes from the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for the supply of 100 kVA distribution transformers.
- Danya Electric Company, in which SPEL holds a 90% stake, has won an order worth ₹7.26 crore.
Strategic Developments:
- Kerala Market Entry: Gained vendor approval from Kerala State Electricity Board (KSEB)
- First Karnataka Project: Order through EPC partner for Karnataka Power Transmission Corp. (KPTCL)
- Switchyard Projects: Entered high-voltage infrastructure segment with ₹26 crore order for a 110kV switchyard
- Sustainability Push: Multiple recent orders linked to solar and wind farms, including 50MVA units shipped to a solar energy park
- Convertible Warrants: Has announced a proposal to raise up to ₹21.07 crore through the issue and allotment of up to 12,47,000 Fully Convertible Warrants on a preferential basis. Each warrant is priced at ₹169 and will be convertible into one fully paid-up equity share of face value ₹10 each.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Revenue from Operations | ₹149.54 crore |
| Net Profit (PAT) | ₹18.6 crore |
| Operating Profit Margin | 16% |
| Net Profit Margin | 12.4% |
| Earnings Per Share (EPS) | ₹7.44 |
| Dividend | None (Growth-focused) |
| Debt | Prudent capital structure |