Under Rs 250: Electric Panels Manufacturer Secures Rs 5,30,00,000 Order from GMT Industries for LT Panels – Stock Trading in Green
The company’s shares have delivered an impressive return of around 125 per cent to its shareholders.
Shivalic Power Control Limited has secured a prestigious order for LT Panels valued at approximately Rs. 5.3 crore. GMT Industries Ltd placed the order.
Established in 2004, Shivalic Power Control Limited is a Small-Cap company that 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 and LT and HT APFC Panels.
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 233 per share, compared to the previous day's closing price of Rs 228.30 per share on the NSE. The shares are trading in green while writing this article and are currently at Rs 229.45 per share. The company's current market capitalization stands at Rs 533.34 crore. Additionally, the company’s shares have delivered over 125 per cent return compared to the final IPO price of Rs 100 each.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
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.
Check out my recent article here.
Disclaimer: The article is for informational purposes only and not investment advice.