Solar Company Has Received New Purchase Orders of Total Rs 19,05,11,815 From A Domestic Client
The stock gave multibagger returns of 263 per cent from its 52-week low of Rs 140 per share.
On Tuesday, shares of Australian Premium Solar (India) Limited gained 0.62 per cent to Rs 508.10 per share from its previous closing of Rs 504.95 per share. The stock’s 52-week high is Rs 669.90 per share and its 52-week low is Rs 140 per share.
Australian Premium Solar Ltd. is pleased to announce that it has secured new purchase orders totalling Rs 19,05,11,815 from a domestic client company. These orders are for the supply of a range of solar products, including APS-DCR and Non-DCR Bifacial 540WP solar modules and APS inverters of various capacities (3.3kW, 4kW, 5.3kW, 6.2kW, 8kW, 10kW, 20kW, 30kW, 50kW, 80kW, and 100kW). The products are scheduled to be delivered between December 2024 and February 2025.
About the Company
Australian Premium Solar Ltd, a leading global solar manufacturer, is driving India's renewable energy transition. With a focus on high-quality solar panels, inverters, water pumps, and EPC services, the company is well-positioned to capitalize on India's growing solar market. Recent financial results and strategic initiatives, such as the acquisition of land for a new manufacturing facility, underscore their commitment to innovation, sustainability, and domestic growth.
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Results: The financial performance of the company has significantly improved in H1FY25 compared to H1FY24. Total income has increased by 102.09 per cent from Rs 81.27 crore in H1FY24 to Rs 164.24 crore in H1FY25. This revenue growth was driven by a strong increase in EBITDA, which rose by 357.71 per cent from Rs 4.26 crore to Rs19.51 crore. Profit after tax (PAT) also saw a substantial growth of 401.56 per cent, increasing from Rs 2.61 crore to Rs 13.08 crore.
The company have a market cap of over Rs 1,000 crore. The shares of the company have an ROE of 42.5 per cent and an ROCE of 51 per cent. The stock gave multibagger returns of 263 per cent from its 52-week low of Rs 140 per share. Investors should keep an eye on this small-cap solar EPC stock.
Disclaimer: The article is for informational purposes only and not investment advice.