Rs 3,400 Crore Order Book: Power Generation Company Secures Order Worth Rs 1,45,00,000 from Gujarat State Electricity Corporation; FIIs Increase Stake for 2 Consecutive Quarters
The company's shares have delivered an impressive return of over 200 per cent to their shareholders in just one year.
GE Power India Limited is engaged in the business of engineering, procurement, and construction (EPC) of key equipment for thermal and hydropower plants. It is one of the leading players in the Indian power generation equipment market. The company has announced the significant order received by the company.
GE Power India Limited has secured a new project from Gujarat State Electricity Corporation Ltd for Inspection Works of Turbine - Generator at GSECL Wanakbori TPS. The total value of the contract is around Rs 1.45 crore. The time period by which the order is to be executed is 15 days.
Share Performance and Financial Performance of GE Power Limited
Today the company's stock closed at around Rs 490.15 per share, with a market capitalisation of Rs 3295.15 crore. Additionally, the stock has delivered a multibagger return of over 200 per cent in the past 1 year.
As per the Quarterly Results in Q4 FY24 GE Power India Limited reported revenue of Rs 456 crore, representing a year-on-year de-growth of 14.35 per cent from Rs 532.66 crore last year. The company posted an operating loss of Rs 14.57 crore, compared to a loss of Rs 12.45 crore in the same quarter last year. The company’s net profit stood at Rs 0.37 crore in the Q4 FY24.
Shareholding Pattern of GE Power Limited
According to the latest update, the promoters' stake stood at 68.58 per cent while FIIs held 0.39 per cent which increased from 0.25 per cent. The DIIs stake stood at around 2.99 per cent as per the recent update.
To read my recent articles please click here.
Investors must keep this Small-Cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.