Electric Panels Manufacturer Secures Orders Worth Rs 1,75,00,000 from Minda Corporation and JK Cement!
The company’s shares have delivered an impressive return of over 135 per cent to its shareholders.
Shivalic Power Control Limited has secured a prestigious order for LT panels from JK Cement Limited, valued at approximately Rs 43 Lakh (Forty-Three Lakh). The company will execute the project according to the terms outlined in the order, with the expected completion date set for January 2025.
Furthermore, it has been awarded a prestigious order for LT Panels worth approximately Rs 132 Lakh (One Hundred Thirty-Two Lakh) from Minda Corporation. The project is scheduled for completion by January 2025, and the total value of the order is Rs 132 Lakh.
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Established in 2004, Shivalic Power Control Limited specializes in manufacturing a comprehensive range of electrical panels, including PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, HT Panels (up to 33KV), VFD Panels, Power Distribution Boards, Bus Ducts, and LT and HT APFC Panels.
Looking at the share performance, at the start of the day's trading session, shares of Shivalic Power Control Limited opened at Rs 236.05 per share, compared to the previous day's closing price of Rs 235.35 per share on the NSE. The shares are trading in green and are currently at Rs 238.50 per share. The company's current market capitalization stands at Rs 575 crore. Additionally, the company’s shares have delivered over 135 per cent return compared to the final IPO price of Rs 100 each.
The company doesn’t announce Quarterly Results and as per the half-yearly results in March 2024, Shivalic Power Control Limited recorded a revenue of Rs 71 crore compared to Rs 50 crore. The operating profit reported by the company was Rs 13 crore compared to Rs 8 crore while the margin stood at around 18 per cent compared to 16 per cent. The net profit stood at Rs 8 crore compared to a profit of Rs 4 crore. Looking at the annual performance, the company generated a revenue of Rs 102 crore in FY24. The operating profit for FY24 was Rs 19 crore with a net profit of Rs 11 crore compared to a net profit of Rs 7 crore in FY23.
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Disclaimer: The article is for informational purposes only and not investment advice.