High ROE & high ROCE multibagger solar EPC stock hit upper circuit as company bags new order worth Rs 11,35,14,150
The stock gave multibagger returns of 242.32 per cent from its 52-week low of Rs 140 per share.
Australian Premium Solar (India) Limited has secured a significant domestic contract valued at approximately Rs. 11,35,14,150 from an undisclosed client. The contract entails the supply of solar PV modules, specifically 500Wp, 520Wp, and 535Wp variants. The company is expected to fulfil the order within a 40 to 50-day timeframe.
Additionally, the company has upgraded its manufacturing facility in Tajpur, Gujarat, by launching new machinery for producing Monocrystalline Solar Panels. This expansion increased production capacity from 200 MW to 600 MW annually, and the plant is now operating at full capacity. These panels are exclusively for the domestic Indian market.
Australian Premium Solar (India) Ltd, founded in 2013, specializes in manufacturing high-efficiency monocrystalline and polycrystalline solar panels. The company also offers comprehensive solar power solutions, including design, installation, and maintenance for residential, commercial, and agricultural sectors, providing end-to-end services for its clients.
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On Friday, shares of Australian Premium Solar (India) Limited hit a 5 per cent upper circuit to Rs 479.25 per share from its previous closing of Rs 456.45 per share. The stock’s 52-week high is Rs 669.90 per share and its 52-week low is Rs 140 per share.
The company have a market cap of Rs 946 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 242.32 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.
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