Solar Stock Jumps After Company Achieves Remarkable Growth in FY 2024-25
The company has a market cap of over Rs 500 crore and shares have an ROE of 53 per cent & an ROCE of 40 per cent.
On Tuesday, shares of Sahaj Solar Limited jumped 7.6 per cent to Rs 236 per share from its previous closing of Rs 219.35 per share. The stock’s 52-week high is Rs 395 and its 52-week low is Rs 150.
Sahaj Solar, a 2010-founded renewable energy company, manufactures solar PV modules in its 100 MW Gujarat plant. Offering mono, polycrystalline, and advanced PERC modules, the company caters to domestic and international markets. Beyond manufacturing, Sahaj Solar provides solar water pumping systems and comprehensive EPC services for residential to large-scale solar projects. Expanding its global reach, Sahaj Solar has incorporated a subsidiary in Uganda to harness solar energy for various consumers. The company is also actively involved in projects like BSF solar power plants and potential partnerships for solar module production. This dual focus on project execution and domestic manufacturing positions Sahaj Solar as a key player in the solar energy sector.
Sahaj Solar Limited has reported an exceptional financial performance for the fiscal year 2024-25, showcasing the strength of its underlying fundamentals, strategic expansion efforts, and efficient operations. The company's standalone sales surged to Rs 307.47 crore, marking an impressive 71.45 per cent increase from the Rs 179.34 crore recorded in the previous financial year, a testament to its robust business model, broadening market reach, and consistent focus on operational efficiency since its listing; looking ahead, Sahaj Solar remains committed to innovation and growth, striving for continued success and the achievement of new milestones.
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The Company reported a total revenue of Rs 178.22 crore for the nine months ended on December 2024. This represents a significant growth of 147.23 per cent compared to the same period in FY 2023-24. The Company's robust order book, valued at Rs 436.24 crore as of December 31, 2024, signals a positive business outlook driven by strong client relationships. The recent empanelment from Maharashtra State Electricity Distribution Company Limited (MSCDCL) is expected to further boost growth in the coming quarters. The Company remains focused on executing current orders while actively pursuing new opportunities in key markets.
The company has a market cap of over Rs 500 crore and shares have an ROE of 53 per cent & an ROCE of 40 per cent. The stock is up over 50 per cent from its 52-week low of Rs 342 per share. Investors should keep an eye on this solar stock.
Disclaimer: The article is for informational purposes only and not investment advice.