This small-cap multibagger company partners with Eve Power to deliver cutting-edge battery energy storage solutions in India!

The stock has delivered a remarkable return of over 370 per cent in the past 5 years.

Kabra Extrusion Technik Ltd and Eve Power Co. Ltd. (EVE) have entered into a strategic partnership to deliver cutting-edge Battery Energy Storage System (BESS) solutions in India. This collaboration leverages EVE's advanced battery cell technology and DC-side ESS products alongside Kabra’s local manufacturing expertise and assembly capabilities under the Battrixx brand.

Kabra Extrusiontechnik Limited, a leading manufacturer of Lithium-Ion batteries for the E-Mobility market in India, operates a production facility with a capacity of 2 GWh. The new partnership aims to integrate EVE’s high-performance battery cells into Kabra’s production line, enhancing the company’s ability to produce state-of-the-art BESS solutions locally. This move not only aligns with India's increasing demand for reliable power supply but also addresses the country's growing renewable energy sector and grid stability concerns.

“The Battery Energy Storage System (BESS) market in India is witnessing significant growth driven by several factors such as increasing renewable energy integration, grid stability concerns, and the rising demand for reliable power supply,” said Ekta Kabra, Managing Director of Kabra Extrusiontechnik Limited. “The demand for BESS is set to soar, becoming a major disruptor in India’s power sector in the coming years.”

According to the Central Electricity Authority’s (CEA) latest optimal generation mix report, the BESS market in India is projected to exceed 208 GWh by 2030. This substantial growth is a testament to the critical role of renewable energy in driving the BESS market forward.

The company’s stock closed the day at Rs 403.05 per share on the BSE today representing a gain of 2.54 per cent. The current market capitalization of the company stands at Rs 1410 crore. Additionally, this Small-Cap company’s shares have delivered a multibagger return of around 750 per cent in the past decade.

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 168 crore and a net profit of Rs 17 crore. In FY24, the company reported a revenue of Rs 608 crore and a net profit of Rs 32 crore, compared to a net profit of Rs 38 crore in the previous year.

Investors must keep this stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.