Solar Company Secures Back-to-Back Orders Worth Rs 26,82,98,150 in Just 2 Days, Stock Hits Upper Circuit on Friday!

Solar Company Secures Back-to-Back Orders Worth Rs 26,82,98,150 in Just 2 Days, Stock Hits Upper Circuit on Friday!

Rakesh Deshmukh

The company’s shares have delivered an impressive return of over 60 per cent to its shareholders.

Australian Premium Solar (India) Limited has secured significant new orders recently. On August 9, 2024, the company received purchase orders worth Rs 11,35,14,150 from a client for the supply of various solar PV modules. These orders are scheduled to be fulfilled within 40 to 50 days.

The following day, August 10, 2024, the company obtained additional purchase orders totalling Rs 15,47,84,000 from another client. This order includes solar products such as mono panels and Topcon BF 580 WP for Rocks Forever, with a delivery timeframe of 45 to 60 days.

Incorporated in 2013, Australian Premium Solar (India) Limited is engaged in manufacturing both monocrystalline and polycrystalline solar modules. The company also offers engineering, procurement, and construction (EPC) services tailored for residential, agricultural, and commercial sectors.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

On Friday, shares of Australian Premium Solar (India) Limited closed at around Rs 479.25 per share and hit the upper circuit. The company’s current market capitalization stands at Rs 946.04 crore. Additionally, the shares have delivered a return of over 60 per cent in the past 6 months.

As per the Quarterly Results, in Q4 FY24, Australian Premium Solar (India) Limited recorded a revenue of Rs 69 crore from Rs 47 crore. The operating profit for Q4 FY24 stood at Rs 5 crore. The net profit for Q4 FY24 stood at Rs 4 crore compared to a profit of Rs 2 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 150 crore in FY24. The operating profit for FY24 was Rs 9 crore with a net profit of Rs 6 crore compared to a net profit of Rs 3 crore in FY23.

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

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

Previous Article Rs 64,000 crore order book: Multibagger PSU company bags new order worth Rs 15,000 crore from the Srinagar Development Authority!
Next Article Solar Pump Manufacturer Bags Order Worth Rs 8,50,00,000; Profit Surged by 9,200 Per cent in Q1 FY25, FIIs Increased Stake!
Rate this article:
3.8

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR