Solar pumps manufacturer bags new order worth Rs 56,52,60,500 from a domestic client company
The stock gave multibagger returns of 291 per cent from its 52-week low of Rs 140 per share.
Australian Premium Solar Ltd (APS) has secured significant new business, receiving purchase orders totalling Rs 56,52,60,500 from a domestic client company. These orders are for the supply of various solar products, including 500W, 520W, and 540W solar panels, as well as 144-cell monocrystalline solar PV modules with varying wattages. The company is expected to fulfil these orders within a three-month timeframe.
Earlier, the company secured new purchase orders totalling Rs 36,43,75,937 from a domestic client. The orders are for the supply of various solar products including 540WP Mono Bifacial Solar Panels (Non-DCR), 540WP Bifacial Solar Panels (DCR), 580WP Topcon Solar Panels (Non-DCR), and a range of APS Solar Inverters (3.3kW to 100kW). The contract is set to be executed between December 2024 and March 2025.
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About the Company
Australian Premium Solar Ltd, a leading global solar manufacturer, is driving India's renewable energy transition. With a focus on high-quality solar panels, inverters, water pumps, and EPC services, the company is well-positioned to capitalize on India's growing solar market. Recent financial results and strategic initiatives, such as the acquisition of land for a new manufacturing facility, underscore their commitment to innovation, sustainability, and domestic growth.
Results: The financial performance of the company has significantly improved in H1FY25 compared to H1FY24. Total income has increased by 102.09 per cent from Rs 81.27 crore in H1FY24 to Rs 164.24 crore in H1FY25. This revenue growth was driven by a strong increase in EBITDA, which rose by 357.71 per cent from Rs 4.26 crore to Rs19.51 crore. Profit after tax (PAT) also saw a substantial growth of 401.56 per cent, increasing from Rs 2.61 crore to Rs 13.08 crore.
The company have a market cap of over Rs 1,000 crore. The shares of the company have an ROE of 42.5 per cent and an ROCE of 51 per cent. The stock gave multibagger returns of 291 per cent from its 52-week low of Rs 140 per share. Investors should keep an eye on this small-cap solar EPC stock.
Disclaimer: The article is for informational purposes only and not investment advice.