Profit Increased by 1,875 Per cent & Operating Margins Surge Threefold; Newly Listed Solar Stock Hits Upper Circuit Today!
The company’s shares have delivered a multibagger return of over 120 per cent to its shareholders.
This Small-Cap player is a solar EPC company specializing in residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar streetlights. Looking at the company’s product portfolio:
- Solar Products: Solar streetlights, solar freezers, off-grid solar systems, solar home lights, solar water purifiers, and solar water pumps.
- AC LED Lights: AC LED streetlights and AC LED floodlights.
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At the start of the day's trading session, shares of Trom Industries Ltd opened at Rs 250 per share, compared to the previous day's closing figure of Rs 243.10 per share on the BSE. Currently, the shares are at Rs 255.25 per share. The stock has rallied 5 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 234.70 crore, and the stock has generated an impressive multibagger return of over 120 per cent compared to its final IPO issue price of Rs 115.
Looking at the annual performance, the company generated a revenue of Rs 54.32 crore in FY24, compared to Rs 23.97 crore in FY23. The operating profit for FY24 was Rs 8.29 crore which was Rs 1.17 crore in the previous year. The operating profit margin stood at 15.26 per cent for FY24. The company’s operating profit margin improved from 4.88 per cent to 15.26 per cent in FY24. The company reported a net profit of Rs 5.73 crore compared to Rs 0.29 crore.
Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.