From Rs 5.32 to Rs 280.90 per share: Multibagger Solar Power Company Bags New Order Worth Rs 625 Crore From NACOF OORJA
The stock gave multibagger returns of 5,180 per cent in just 1 year and a whopping 14,000 per cent in 5 years.
On Friday, the stock market ended the day in red with the BSE Sensex Index down 0.31 per cent at a level of 85,571. About 1,979 shares have advanced, 1,957 declined and 124 are unchanged on the BSE.
Along with the market in green, one of the Top Gainers on BSE, shares Marsons Ltd hit a 5 per cent upper circuit to Rs 280.90 per share from its previous closing of Rs 254.85. The stock also made a fresh 52-week high is Rs 280.90 per share while its 52-week low is Rs 5.32 per share.
The company has received a Letter of Intent from NACOF OORJA to develop a 150 MW (AC) Grid-Interactive Ground-Mounted Solar PV Power Generation Plant. This project, executed under the KUSUM Scheme for RRECL, aims to provide daytime power to agricultural consumers in Rajasthan. We will collaborate technically with Aditya Clean Systems (P) Ltd. The project is valued at approximately Rs 675 crore (inclusive of taxes) and has an execution timeline of 12-18 months. NACOF OORJA will award multiple contracts for individual units, with each contract valued at approximately Rs 4.50 crore per MW (AC). The contracts are domestic and require adherence to quality standards and agreed timelines. NACOF OORJA reserves the right to cancel contracts if performance is unsatisfactory.
Marsons Ltd., a pioneer in India's power transformer industry since 1976, specializes in manufacturing, supplying, erecting, testing, and commissioning a comprehensive range of distribution and power transformers (10 kVA to 160 MVA, 220 kV), including furnace, dry type, and custom-built variants. With a global footprint of over 3 lakh transformers powering diverse applications, the company caters to a vast clientele encompassing state electricity boards, power utilities across India, and international markets including the UK, Ethiopia, Dubai, Jordan, Bangladesh, and others. Marsons has forged strong partnerships with leading industry giants such as ABB, Alstom, Schneider Electric and GE Power as well as domestic powerhouses like Tata, Reliance and BHEL, solidifying its position as a dominant force in the sector.
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According to Quarterly Results, the net sales increased by 12,891.3 per cent to Rs 29.88 crore in Q1FY25 compared to Rs 0.23 crore in Q1FY24. The company reported a net profit of Rs 5.24 crore in Q1FY25 compared to a net loss of Rs 0.43 crore in Q1FY24, an increase of 1,318.6 per cent
Marsons Ltd has a market cap of over Rs 4,800 crore and has a 3-year stock price CAGR of 200 per cent. The stock gave multibagger returns of 5,180 per cent in just 1 year and a whopping 14,000 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.