288 Per Cent Multibagger Returns From 52-Week Low: Solar Company Bags 2 Big Orders Worth Rs 37,03,53,620 in 2 Days
The stock gave multibagger returns of 288 per cent from its 52-week low of Rs 140 per share.
Australian Premium Solar Ltd (APS), a leading Indian solar company specialising in high-quality solar panels, water pumps, and EPC services, has secured two significant orders totaling Rs 37,03,53,620 within just two days.
Firstly, the company received a purchase order worth Rs 23,18,40,000 from domestic clients for the supply of 18,000 units of APS 540W solar panels. This order is to be executed within 3 months. Secondly, APS received a Letter of Award (LOA) from the Tripura Renewable Energy Development Agency (TREDA) for the solarization of 500 units of 2 HP AC agricultural pumps in Tripura under the PM-KUSUM Scheme (Component C). This order, valued at Rs 13,85,13,620, is also a domestic contract awarded by a government entity.
These orders demonstrate the strong demand for APS's high-quality solar solutions and its growing market share in the Indian renewable energy sector.
About the Company
Established in 2013, Australian Premium Solar (India) Limited is a prominent Indian solar solutions provider specializing in the manufacturing of high-efficiency Monocrystalline and advanced Topcon solar modules. The company also offers comprehensive EPC services for a wide range of applications, including residential, commercial, industrial, and agricultural. Leveraging the founders' deep international solar expertise, APS develops and produces high-quality, locally manufactured solar products. As an ISO 9001-certified company, APS prioritizes rigorous quality standards, ensuring the reliability and excellence of its products. The company collaborates with renowned firms to supply solar panels for critical applications across diverse sectors, demonstrating its commitment to innovation and driving the adoption of sustainable renewable energy solutions.
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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 288 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.