Heavy Buying: Multibagger Critical Castings Manufacturer for Wind Turbine Secures Rs 164 Crore Order from Vestas Wind Systems – Profits Surged by 1,100 Per cent!
The company’s shares have delivered an impressive multibagger return of over 110 per cent in just 1 year.
Synergy Green Industries Ltd (SGIL), a leader in the production of SG (Spheroidal Graphite) and CI (Cast Iron) castings, operates under the Shirgaokar Brothers Group, which holds a 38 per cent stake in the company. SGIL, an associate of SB Reshellers Pvt Ltd, focuses on manufacturing iron castings primarily for wind turbines.
The company is pleased to announce the finalization of orders worth Rs 163.74 crore from Vestas Wind Systems, which will be executed during FY 2025-26. These orders cover both 2 MW and 4 MW parts, evenly split between domestic and export markets.
Vestas Wind Systems, a global leader in wind energy, has contributed over one-third of SGIL's order book for nearly a decade. SGIL’s advanced facilities in Kolhapur, Maharashtra, enable the production of large, critical castings for wind turbine components, establishing the company as a reliable supplier to major global wind OEMs.
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Read Defence Company Secures Order Worth Rs 50.01 Crore and Signs MoU with Leading Defence Infra Companies Like Larsen & Toubro – Stock Hits Upper Circuit Today!
Currently, the shares of this Small-Cap company Synergy Green Industries Ltd hit the 52-week high today with a significant volume spurt over 4.5 times on the BSE and are at around Rs 460 per share on the BSE. The company’s current market capitalization stands at Rs 650 crore. Additionally, the shares have delivered an impressive return of over 110 per cent in the past 1 year.
As per the Quarterly Results for Q1 FY25, Synergy Green Industries Ltd recorded a revenue of Rs 78.76 crore compared to Rs 83.83 crore in the same period last year. The operating profit stood at Rs 10.22 crore with a margin of 13 per cent, up from 9.50 per cent in the same quarter last year. The net profit stood at Rs 2.95 crore compared to Rs 2.49 crore in the previous year.
Looking at the annual performance, the revenue stood at Rs 326 crore compared to Rs 290 crore, representing a 12.63 per cent YoY growth. The operating profit was Rs 39 crore with an operating profit margin of 12 per cent. The company’s profit stood at Rs 12 crore compared to Rs 1 crore, representing a 1,100 per cent YoY gain.
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Disclaimer: The article is for informational purposes only and not investment advice.