High ROE & High ROCE Stock: This micro-cap company receives order worth Rs 18 lakh from Goa Energy Development Agency!

Shares of the company are up by 25 per cent in just one month.

Ahasolar Technologies Ltd informed that has received a work order for consultancy services of detailed project report and bid process management with respect to the solar power plant project at Mormugao Port Authority. The order is worth Rs 18 lakh. The order is received from the Goa Energy Development Agency which will be completed in 90 days or 3 months from LOI.

On Friday at the closing bell, shares of the company surged 0.90 per cent to Rs 371.55 per share with an intraday high of Rs 377.95 and an intraday low of Rs 365.05. The stock’s 52-week high is Rs 473 and its 52-week low is Rs 203.

Ahasolar Technologies Limited is engaged in the business of cleantech enabling energy transition through digital transformation. The company has a market capitalization of 115 crores and is currently debt-free.

According to the half-yearly results (H1FY23), the company reported net sales of Rs 10.01 crore and net profit of Rs 0.27 crore. In its annual results, the sales increased by per cent to Rs 20.87 crore and the net profit increased by 103 per cent to Rs 1.60 crore in FY23 compared to FY22.

The stock has an ROE of 65.7 per cent and a ROCE of 58.4 per cent. Shares of the company are up by 25 per cent in just one month. Investors should keep an eye on this micro-cap SME IPO stock.

Disclaimer: The article is for informational purposes only and not investment advice.