Solar Company Bagged Order Worth Rs 8,02,00,000 from Schneider Electric India and Udupi Cochin Shipyard, Stock Hits Upper Circuit Today!

The shares of the company have delivered a return of over 180 per cent to its shareholders in just 1 year only.

Marine Electricals (India) Limited, an integrated technical services provider in electrical automation and information and communication technology solutions, has secured an order worth approximately Rs 8.02 crore (excluding taxes). The specifics of the order are outlined as follows:

The company has received an order from Udupi Cochin Shipyard Limited for the supply of a Navigation & Communication System Panel, with delivery scheduled over a period of 12 months.

Additionally, Marine Electricals (India) Limited has received an order from Schneider Electric India Private Limited for the supply and installation of LT Panel, with delivery expected over a period of 3 months.

Share Performance:

Today the company’s stock closed the day at Rs 147.10 per share. The current market capitalization of Marine Electricals (India) Limited stands at Rs 1951.51 crore. The stock has delivered a multibagger return of around 188 per cent in just 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 237 crore and an operating profit of Rs 20 crore. The operating profit margin for the quarter stands at 9 per cent. The company’s net profit stood at Rs 12 crore. In FY24, the company reported a revenue of Rs 622 crore compared to Rs 443 crore, and a net profit of Rs 26 crore, compared to a profit of Rs 17 crore in the previous year.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.