Solar Company Bags Order Worth Rs 17,82,10,800 from Eminent Paper Industries, Stock Gains Over 230 per cent in just 6 months!

The company’s shares have delivered an impressive return of over 100 per cent in the past 1 year.

Solex Energy Ltd manufactures solar panels and other renewable energy devices and also installs systems on an Engineering, Procurement, and Construction (EPC) basis. They have been awarded a Work Order by Eminent Paper Industries LLP, Kosamba, for a 6 MW Ground Mount Solar Power Plant valued at Rs 17,82,10,800 (Seventeen Crore Eighty-Two Lakhs Ten Thousand Eight Hundred only), which includes all applicable duties and taxes.

Today Solex Energy Ltd shares are trading at Rs 1492.15 per share. The company’s current market capitalization stands at Rs 1193.72 crore. The stock has delivered a return of over 230 per cent in just 6 months.

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.