3 Orders in Single Day: This Solar Company Bags Order Worth Rs 49,77,61,200; Stock Gains Over 170 Per cent in Just 6 Months!
The company’s shares have delivered an impressive return of over 6200 per cent in the past 5 years.
Solex Energy Ltd manufactures solar panels and other renewable energy devices and also specializes in installing systems on an Engineering, Procurement, and Construction (EPC) basis.
Solex Energy Ltd has secured three significant work orders. The first order, from Shree Vasudev Processors Pvt. Ltd. in Surat, is for a 2 MWp Solar Ground Mount Power Plant valued at Rs 7,05,56,000 (inclusive of all duties and taxes). The second order, from M/s Sonali Dyeing & Printing Pvt. Ltd., also in Surat, is for a 2.4 MWp Solar Ground Mount Power Plant worth Rs 8,46,67,200 (inclusive of all duties and taxes). The third and largest order is from Vatsalya Paper Industries LLP, Surat, for a 10 MWp Solar Ground Mount Power Plant, totalling Rs 34,25,38,000 (including all duties and taxes).
On Friday Solex Energy Ltd shares closed at Rs 1464.60 per share. The company’s current market capitalization stands at Rs 1171.68 crore. The stock has delivered a multibagger return of over 170 per cent in just 6 months.
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As per the Quarterly Results, in the fourth quarter of FY24, Solex Energy Ltd recorded a revenue of Rs 273 crore. The operating profit for Q4 FY24 stood at Rs 20 crore. The net profit for Q4 FY24 was Rs 8 crore. Looking at the annual performance, the company generated a revenue of Rs 366 crore in FY24, compared to Rs 161 crore in FY23. The operating profit for FY24 was Rs 28 crore, with a net profit of Rs 9 crore.
Solex Energy Ltd manufactures mono/multi-crystalline solar photovoltaic modules, solar lanterns, solar streetlights, solar water pumps, and solar inverters. They offer solar solutions to residential, commercial, utility, and governmental/non-governmental organizations. Additionally, the company is involved in the Engineering, Procurement, and Construction (EPC) business for solar power plants catering to both residential and commercial sectors.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.