Rs 150 crore order book: Multibagger solar-wind power company acquired a 75 per cent equity stake in Aarsh Transformers Pvt Ltd
The stock gave multibagger returns of 576 per cent from its 52-week low of Rs 130.75 per share.
Viviana Power Tech Limited has acquired a 75 per cent equity stake in Aarsh Transformers Private Limited, making it a subsidiary company. This acquisition aims to strengthen the parent company's technical expertise and expand its client base. Aarsh Transformers Private Limited is involved in designing, manufacturing, and assembling power and distribution transformers, compact substations, ring main units, electrical panels, and components for power generation, transmission, and distribution networks, as well as renewable energy systems. Two directors from Viviana Power Tech Limited have been appointed to the board of Aarsh Transformers Private Limited, and the acquisition was completed through a share transfer from existing promoters of Aarsh Transformers Private Limited at Rs 10 per share.
Additionally, Viviana Power Tech Limited has successfully completed a preferential allotment of 3,06,500 equity shares at a premium price of Rs 615 per share. This allotment has increased the company's paid-up equity capital to Rs 6,27,65,000. The shares were issued to 56 investors on a private placement basis, adhering to the provisions of the Companies Act, 2013, SEBI regulations, and other applicable laws. The total amount raised through this allotment was Rs 19,15,62,500.
About the Company
Viviana Power Tech Ltd is a prominent player in the realm of power transmission and distribution in India. Established in 2014, the company specializes in turnkey projects, encompassing supply, civil work, erection, testing, and commissioning of electrical systems. Their expertise extends across various segments, including high-tension transmission lines, substations, power distribution networks, and underground cable laying.
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With a strong track record of successful projects, VPTL has earned the trust of both government and private entities. They have executed projects worth over Rs. 140 crores in eight states across India, showcasing their capabilities in handling large-scale undertakings. The company's clientele includes renowned names such as GETCO (Gujarat Energy Transmission Corporation Limited), Power Development Department (Jammu & Kashmir Government), BHEL, Cleanmax Enviro Energy Solutions, Adani Group, Suzlon, Waaree Renewable Technologies, etc.
The company has a market cap of over Rs 500 crore with an order book of Rs 150 crore and debtor days have improved from 142 to 113 days. The shares of the company have an ROE of 36 per cent and an ROCE of 42 per cent. The stock gave multibagger returns of 576 per cent from its 52-week low of Rs 130.75 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.