Multibagger Solar Energy Company Secures International Order Worth USD 10,83,720: FIIs & DIIs Purchased Stake for the First Time!
The company’s shares have delivered an impressive return of around 400 per cent to its shareholders in the past 1 year only.
Incorporated in 1992, This Small-Cap company specializes in installing Solar Power Generation Plants. The company has recently secured its first order from the African region. This contract involves the design, engineering, supply, installation, testing, and commissioning of a grid-tied ground-mounted solar system on a turnkey basis for Mansa Sugar Limited in Zambia. The total value of the order is USD 10,83,720 (approximately Rs 9.08 crore). The project is expected to be completed by February 28, 2025.
On Wednesday, the shares of Zodiac Energy Ltd are at around Rs 630 per share on the BSE. The company’s current market capitalization stands at Rs 946.53 crore. Additionally, the shares have delivered a multibagger return of around 400 per cent in the past 1 year.
Read Penny Stock Under Rs 25: Company Bags International Order Worth USD 4,50,000, Stock Hits Upper Circuit Today!
As per the Quarterly Results, in the Q1 FY25, Zodiac Energy Ltd recorded a revenue of Rs 79.34 crore compared to Rs 32.10 crore. The operating profit stood at Rs 4.19 crore. The net profit stood at Rs 2.33 crore compared to a profit of Rs 0.82 crore. Looking at the annual performance, the company generated a revenue of Rs 220 crore in FY24. The operating profit for FY24 was Rs 138 crore with a net profit of Rs 11 crore compared to a net profit of Rs 3 crore in FY23.
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According to the shareholding pattern of the company, the promoters hold a significant 70.63 per cent stake. Public investors own 26.78 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 2.02 per cent and Domestic Institutional Investors (DIIs) own 0.58 per cent.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.