Supreme Power makes transformers — not the Hollywood robot type, but the boring-but-profitable electrical ones that keep your lights, factories, and windmills running. From ₹31 Cr sales in FY18 to ₹145 Cr in FY25, profits ballooned from ₹1 Cr to ₹19 Cr. ROE above 22%, ROCE near 28% — basically, they’re squeezing juice from every volt. Order book stands at ₹198 Cr (Q1 FY26), stock has tripled since listing, but recently fell 23% from highs. That’s what happens when you’re trading at 28x P/E with zero dividend.
2. Introduction
If the Indian power story is a Bollywood script, Supreme Power is that character actor suddenly stealing scenes from the hero. Born in 1994 in Chennai, it quietly built a reputation making everything from power transformers to solar and windmill variants. Now with Make in India, renewable energy push, and transmission upgrades, transformer demand is on fire.
The company isn’t just sitting tight — it’s investing ₹70–75 Cr in a new 6-acre facility, expanding capacity from 2,500 MVA to 9,000 MVA. At peak, management says revenue potential could hit ₹500–₹550 Cr. That’s a 4x jump. If they pull this off, it won’t just be “Supreme Power,” it’ll be “Super Saiyan Power.”
3. Business Model (WTF Do They Even Do?)
They’re in the business of converting and distributing electricity. Portfolio includes:
Power & Generator Transformers (big, industrial-grade).
