Under Rs 220: Electric Panels Manufacturer Secures Rs 50,00,000 Order from Hi-Technocrafts for LT Panels
The company’s shares have delivered an impressive return of over 125 per cent to its shareholders.
Shivalic Power Control Limited has secured a prestigious order valued at approximately Rs 50 Lakh (Fifty Lakh) for LT Panels from HI-TECHNOCRAFTS PVT. LTD. The project is scheduled to be completed by February 2025.
Established in 2004, Shivalic Power Control Limited specializes in manufacturing a comprehensive range of electrical panels, including PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, HT Panels (up to 33KV), VFD Panels, Power Distribution Boards, Bus Ducts, as well as LT and HT APFC Panels.
Past Orders
Last Friday, Shivalic Power Control Limited secured a prestigious order valued at approximately Rs 43 lakh for LT Panels from JK Cement Ltd. The company was tasked with executing the project according to the terms outlined in the order, with an expected completion date set for January 2025.
Additionally, the company was awarded another significant order for LT Panels worth approximately Rs 132 lakh. This project was also scheduled for completion by January 2025, bringing the total value of the orders to Rs 132 lakh.
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Share Performance
Looking at the share performance, at the start of the day's trading session, shares of Shivalic Power Control Limited opened at Rs 225.20 per share, compared to the previous day's closing price of Rs 225.15 per share on the NSE. The shares are trading in red and are currently at Rs 215.50 per share. The company's current market capitalization stands at Rs 519.69 crore. Additionally, the company’s shares have delivered over 125 per cent return compared to the final IPO price of Rs 100 each.
Financial Performance
The company doesn’t announce Quarterly Results and as per the half-yearly results in March 2024, Shivalic Power Control Limited recorded a revenue of Rs 71 crore compared to Rs 50 crore. The operating profit reported by the company was Rs 13 crore compared to Rs 8 crore while the margin stood at around 18 per cent compared to 16 per cent. The net profit stood at Rs 8 crore compared to a profit of Rs 4 crore. Looking at the annual performance, the company generated a revenue of Rs 102 crore in FY24. The operating profit for FY24 was Rs 19 crore with a net profit of Rs 11 crore compared to a net profit of Rs 7 crore in FY23.
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Disclaimer: The article is for informational purposes only and not investment advice.