Under Rs 250: Electric Panels Manufacturer Secures Rs 1,66,00,000 Order from Machino Plastics for LT Panels
The company’s shares have delivered an impressive return of around 125 per cent to its shareholders.
This Small-Cap company specializes in manufacturing a comprehensive range of electrical panels, including PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, HT Panels (up to 33KV), VFD Panels, Power Distribution Boards, Bus Ducts, as well as LT and HT APFC Panels has bagged an order from Machino Plastics Ltd.
As per the press release, Shivalic Power Control Limited has been awarded a prestigious order valued at approximately Rs 1.66 crore for the supply of LT Panels. The order, placed by Machino Plastics, is scheduled for completion by December 2024.
Recently, Shivalic Power Control Limited secured a prestigious order for LT Panels valued at approximately Rs. 5.3 crore. The order was placed by GMT Industries Ltd.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Financial Performance
The company doesn’t announce Quarterly Results and as per the half-yearly results in Sep 2024, Shivalic Power Control Limited recorded a revenue of Rs 54 crore compared to Rs 31 crore. The operating profit reported by the company was Rs 9 crore compared to Rs 7 crore while the margin stood at around 17 per cent compared to 21 per cent. The net profit stood at Rs 6 crore compared to a profit of Rs 3 crore. Looking at the annual performance, the company generated a revenue of Rs 102 crore in FY24. The operating profit for FY24 was Rs 19 crore with a net profit of Rs 11 crore compared to a net profit of Rs 7 crore in FY23.
Share Performance
Looking at the share performance, at the start of the day's trading session, shares of Shivalic Power Control Limited opened at Rs 225 per share, compared to the previous day's closing price of Rs 229 per share on the NSE. Finally, the shares closed the day at Rs 214 per share. The company's current market capitalization stands at Rs 516.08 crore. Additionally, the company’s shares have delivered over 125 per cent return compared to the final IPO price of Rs 100 each.
Check out my recent article here.
Disclaimer: The article is for informational purposes only and not investment advice.