⚡ Supreme Power Equipment FY25: ₹18.6 Cr Profit, ₹0.33 Cr Cash Last Year, ₹104 Cr Capex This Year – Are They Building Transformers or a Transformer Universe?

by Prashant Marathe | EduInvesting.in | 22 May 2025

🔍 At a Glance:

Supreme Power just lit up the SME board with strong FY25 results:

• 💰 Revenue: ₹148.35 Cr
• 📈 Net Profit: ₹18.6 Cr
• 🧮 EPS: ₹7.44
• 📍 CMP: ₹136

But beneath the glowing P&L lies a monster capex bill, rising receivables, and a debt-equity cocktail stronger than your dad’s Diwali daru.

Let’s switch on the financial scanner 🔦

🏢 About the Company

Supreme Power Equipment Ltd is into the manufacturing, fabrication, and assembly of transformers.

Not the Optimus Prime kind. The substation kind — for electrical infrastructure across India.

They claim to serve DISCOMs, EPC companies, and large private infra projects.

🙇♂️ Key Managerial Personnel (KMP)

• CMD: Anonymous transformers-wala (details not disclosed in XBRL)
• Auditors: P P N & Company — unmodified opinion ✅
• Peer review certificate valid till Sep 2025, so no shady audit drama yet.

📊 FY25 Financial Summary

👍 On paper: very clean
📈 EPS almost doubled YoY (FY24 PAT: ₹7.53 Cr)

🧮 Forward-Looking Fair Value (FV) Estimate

Let’s assume:

• Power infra midcap average P/E = ~16x (conservative)
• FY25 EPS = ₹7.44

🧮 FV = 7.44 × 16 = ₹119.04

But CMP is