Multibagger stock: Voltamp Transformers climbs over 370% in just 16 months, up more than 2900% in 11 years

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Voltamp Transformers, a leading transformer manufacturing company in India, has emerged as one of the biggest wealth creators. The company’s shares have consistently maintained an upward trajectory, rising from ₹2,518 apiece in February 2023 to the current market price of ₹11,970, delivering a staggering return of nearly 375%.Notably, out of the last 16 months (including May), the stock finished 14 in the green, with January 2024 registering the highest monthly gain of 23.4%, closely followed by December 2023 with a rally of 18.7%.

Also Read: Market may see sharp 20% decline if election results deviate from expectationsFor long-term, the stock has gained 923% in three years and 1079% in five years. Over the last 11 years, the stock has delivered a return of 2918%, turning an investment of ₹1 lakh into over ₹30 lakh.Voltamp Transformers specialises in the design, manufacturing, and supply of a wide range of transformers.

Its product portfolio includes power transformers, distribution transformers, dry type transformers, resin-impregnated dry-type transformers (RIT), unitised substations (USS), and induction furnace transformers.Also Read: Expert view: Market may see volatility after election, says Damania of MojoPMSThese products serve various sectors such as power generation, transmission, and distribution, as well as industries like steel, cement, petrochemicals, railways, and infrastructure.In the recent March-ending quarter (Q4FY24), the company reported its highest-ever revenue, EBITDA, and PAT. Its revenue from operations improved to ₹508 crore from ₹440 crore in Q4 FY23, while PAT jumped to ₹94 crore, an improvement of 22% YoY.For the full fiscal year (FY24), the company reported revenue of ₹1,616 crore, a 16.7%