Solar Pumps Company Bags New Order Worth Rs 10,76,99,296 From Tripura Renewable Energy Development Agency
The stock is up 63 per cent from its 52-week low of Rs 285.25 per share.
Australian Premium Solar Ltd (APS) has secured its first Letter of Award from the Tripura Renewable Energy Development Agency (TREDA), a department under the Government of Tripura's Power sector, for the supply of 633 off-grid solar photovoltaic water pumping systems (SPWPS) valued at ₹10,76,99,296. This domestic contract, awarded under the PM-KUSUM Scheme (Component B) of the Ministry of New & Renewable Energy, Government of India, includes a comprehensive turn-key solution encompassing a 5-year warranty/guarantee, annual maintenance contract, and insurance coverage for the systems to be deployed in Tripura.
About the Company
Established in 2013, Australian Premium Solar (India) Limited is a prominent Indian solar solutions provider specialising in the manufacturing of high-efficiency Monocrystalline and advanced Topcon solar modules. The company also offers comprehensive EPC services for a wide range of applications, including residential, commercial, industrial, and agricultural. Leveraging the founders' deep international solar expertise, APS develops and produces high-quality, locally manufactured solar products. As an ISO 9001-certified company, APS prioritises rigorous quality standards, ensuring the reliability and excellence of its products. The company collaborates with renowned firms to supply solar panels for critical applications across diverse sectors, demonstrating its commitment to innovation and driving the adoption of sustainable renewable energy solutions.
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Results: According to Quarterly Results, the net sales increased by 227 per cent from Rs 121 crore and net profit increased by 450 per cent to Rs 11 crore in Q3FY25 compared to Q3FY24. In its annual results, the company reported net sales of Rs 150 crore and net profit of Rs 6 crore.
The company have a market cap of over Rs 880 crore. The shares of the company have an ROE of 42.5 per cent and an ROCE of 51 per cent. The stock is up 63 per cent from its 52-week low of Rs 285.25 per share. Investors should keep an eye on this small-cap solar EPC stock.
Disclaimer: The article is for informational purposes only and not investment advice.