Multibagger Solar Company Secures Order Worth Rs 19.99 Crore for 1 HP Solar Dual Drinking Water Pumps Under Jal Jivan Mission!
The company’s shares have delivered a return of over 260 per cent compared to its IPO issue price.
Sahaj Solar Limited, founded in 2010, specializes in renewable energy solutions. It produces mono and polycrystalline PV modules, including mono PERC modules, for domestic and international solar projects.
Sahaj Solar Limited has received a Letter of Work Order from Jilla Parishad Nandurbar, Maharashtra, for the design, manufacture, supply, transport, installation, testing, commissioning, and maintenance of 1 HP solar dual drinking water pumps under the Jal Jivan Mission. The total order value is approximately Rs. 19.99 Crores, with a completion period of 12 months.
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Today the company’s shares have closed the day at Rs 650.05 each on the NSE. The company's current market capitalization stands at Rs 714.15 crore, and the stock has generated an impressive multibagger return of over 260 per cent compared to its final IPO issue price of Rs 180 each.
The company also provides solar water pumping systems and EPC services across India, handling the design, supply, installation, testing, commissioning, and maintenance of projects ranging from small domestic systems to large solar power plants.
Looking at the company's annual performance, in FY24 Sahaj Solar Limited reported revenue of Rs 201 crore compared to Rs 185 crore in FY23. The company reported an operating profit of Rs 24 crore with an operating profit margin of 12 per cent. The company’s net profit stood at Rs 13 crore in FY24 compared to Rs 6 crore.
Investors must keep this Small-Cap solar company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.