Electrical Equipment Company Bags New Order Worth Rs 88,00,000 From GMT Industries Limited
The company has a market cap of Rs 583 crore with an ROE of 34 per cent and an ROCE of 30 per cent.
Shivalic Power Control Limited has secured a prestigious order worth Rs 88 lakh from GMT Industries Limited for the supply and installation of Low Tension (LT) Panels. The company will execute the project according to the terms and conditions outlined in the order. As a domestic entity, Shivalic Power Control Limited will complete the project by December 2024.
Earlier, the company secured a prestigious domestic commercial order worth Rs 70 lakh to supply Low Tension (LT) panels to Supernova Engineers Limited-CPD. The project requires execution as per the order's terms and is scheduled for completion by December 2024. This significant order highlights Shivalic's capabilities in the LT panel market.
Founded in 2004, Shivalic Power Control Limited is a leading manufacturer of electric panels, specializing in a wide range of products including PCC, IMCC, Smart, MCC, DG synchronization, Outdoor, HT, VFD, Power Distribution Boards, Bus Duct and LT & HT APFC Panels. With industry certifications and authorizations from renowned companies like L&T, Siemens, Schneider Electric and TDK, Shivalic ensures the highest quality standards in its products. Their expertise has made them a trusted partner for various industries, serving over 500 clients across sectors like Sugar, Papers, Cement, Steel, FMCG, Automobile and more.
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Shivalic Power Control Limited recorded revenue from operations, surpassing Rs 53.5 crore (provisional and unaudited) in H1FY25 ending on September 30, 2024 (H1FY25). This remarkable achievement represents a growth rate of 72 per cent compared to quarter two of the previous financial year. The corresponding figure for the previous year (H1FY24) was at Rs 31 crore. Shivalic performance emphasizes its position as a frontrunner in the industry, demonstrating its ability to capitalize on emerging opportunities and deliver value to its stakeholders.
The company has a market cap of Rs 583 crore with an ROE of 34 per cent and an ROCE of 30 per cent. The stock is up over 30 per cent from its 52-week low of Rs 190 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.