FIIs bought 2,19,924 shares & DIIs bought 88,990 shares: Solar Power Generation Company Reports a 110 Per Cent Jump in PAT
The stock gave multibagger returns of 266 per cent from its 52-week low of Rs 140 per share.
Zodiac Energy Ltd, a leading force in the renewable energy sector, has been illuminating businesses and communities since 1992. Specializing in solar power solutions, the company offers comprehensive turnkey services, from initial concept to final commissioning. Their expertise spans a wide range of applications, including residential, commercial, and industrial rooftops, as well as ground-mounted captive projects.
With an impressive track record, Zodiac Energy has successfully delivered sustainable energy solutions to over 10,000 clients, including prominent names like Amul, Bank of Baroda, BSNL, Charusat, and ISRO. Zodiac Energy's commitment to innovation is reflected in their diverse range of services. They specialize in solar photovoltaic (PV) systems, concentrated solar thermal (CST) systems, diesel/gas-based captive and co-generation power plants, building-integrated photovoltaic (BIPV) systems, and emerging technologies like electric vehicles, energy storage, and solar water desalination. By leveraging cutting-edge technology and high-quality components, Zodiac Energy empowers businesses and individuals to embrace a sustainable future.
According to the Quarterly Results, the net sales increased by 53 per cent to Rs 52.77 crore and net profit increased by 68 per cent to Rs 2.49 crore in Q2FY25 compared to Q2FY24. In H1FY25, net sales increased by 99 per cent to Rs 132.11 crore and net profit increased by 110 per cent to Rs 4.82 crore compared to H1FY24.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Earlier, the company has secured a significant order from Ahmedabad Municipal Corporation (AMC) for the development of a 30MW ground-mounted solar project in Gujarat. This domestic order, valued at Rs. 154.27 Crores, encompasses design, supply, installation, testing, commissioning, and subsequent operation and maintenance for five years. The project is expected to be completed within 18 months from the order's receipt date.
The company have a market cap of Rs 773 crore and has delivered good profit growth of 28.4 per cent CAGR over last 5 years. The shares of the company have an ROE of 26 per cent and an ROCE of 23 per cent. The stock gave multibagger returns of 266 per cent from its 52-week low of Rs 140 per share. Investors should keep an eye on this solar stock.
Disclaimer: The article is for informational purposes only and not investment advice.