Multibagger Solar Company Secures Order Worth Rs 14,54,50,323; Stock Gains Over 110 Per cent in Just 6 Months!

The company’s shares have delivered an impressive return of over 110 per cent to its shareholders in just 6 months.

This Small-Cap solar panel manufacturer has received new purchase orders worth Rs 14,54,50,323 from a client for the supply of the following items:

• Solar Panels: 535WP, 500WP, 520WP Mono DCR
• APS Inverters: 3.3 kW, 4 kW, 5.3 kW, 8 kW, 10 kW, 30 kW, 50 kW, 100 kW

The orders are scheduled to be executed within the next 5 days, with the completion date set for August 23, 2024.

Incorporated in 2013, Australian Premium Solar (India) Limited manufactures monocrystalline and polycrystalline solar modules. The company also offers engineering, procurement, and construction (EPC) services tailored for residential, agricultural, and commercial sectors.

Read Australian Premium Solar Secures Orders Worth Rs 10,68,94,138 From Jharkhand Renewable Energy Development Agency!

On Friday, the shares of Australian Premium Solar (India) Limited rallied and hit the upper circuit and finally closed at around Rs 502.05 per share on the NSE. The company’s current market capitalization stands at Rs 991.05 crore. Additionally, the shares have delivered a multibagger return of over 110 per cent in the past 6 months only.

As per the Quarterly Results, in Q4 FY24, Australian Premium Solar (India) Limited recorded a revenue of Rs 69 crore from Rs 47 crore. The operating profit for Q4 FY24 stood at Rs 5 crore. The net profit for Q4 FY24 stood at Rs 4 crore compared to a profit of Rs 2 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 150 crore in FY24. The operating profit for FY24 was Rs 9 crore with a net profit of Rs 6 crore compared to a net profit of Rs 3 crore in FY23.

Investors must keep this company on their radar.

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