Rs 2,000+ crore order book: This multibagger smart meter manufacturing company bags new orders worth Rs 545,00,00,000 from various customers!
The stock gave multibagger returns of 115 per cent in 6 months whereas BSE Consumer Discretionary Index is up by 22 per cent.
HPL Electric & Power Ltd, a leading electrical equipment manufacturer in India operating for the past 40 years announced that the company has won smart meter orders worth Rs 545,00,00,000 from various prestigious customers in the normal course of business.
This achievement marks a significant stride in HPL's journey, further solidifying its market share in the competitive smart meter arena. The order is indicative of the Company's continued growth trajectory and promising future in the industry. This order is a milestone in HPL's journey and a strong indicator of its promising future in the smart metering industry.
According to Quarterly Results, the net sales increased by 15.9 per cent to Rs 350.45 per share and net profit increased by 75.6 per cent to Rs 11.02 crore in Q2FY24 compared to Q2FY23. In its annual results, the net sales increased by 24.5 per cent to Rs 1,262.21 crore and net profit increased by 287.6 per cent to Rs 30.25 crore in FY23 compared to FY22.
Order Book Update: With an order book exceeding Rs 2000+ crore as of July 04, 2023, HPL's position at the forefront of India's energy modernization journey is solidified. As the nation embraces energy-efficient solutions, HPL is poised to play an instrumental role in shaping the landscape of India's energy-efficiency future.
The company has a strong presence across five key product verticals: metering solutions, modular switches, switchgear, LED lighting, and wires and cables. It caters to a wide range of customers, including power utilities, government agencies, and retail and institutional customers. The company exports its products to over 42 countries in Asia, Africa, Europe, the UK, and the Indian Subcontinent. The company has a market cap of over Rs 1,400 crore.
Today, shares of HPL Electric & Power Ltd surged 3.75 per cent to Rs 228.90 per share with an intraday high of Rs 242.40 and an intraday low of Rs 227.05. The shares of the company saw a spurt in volume by more than 8.32 times on BSE.
The stock gave multibagger returns of 115 per cent in 6 months whereas BSE Consumer Discretionary Index is up by 22 per cent. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Rs 17,800 crore order book & FIIs increase stake: This civil construction company bags new order worth Rs 1,174 crore from MPRDC!
-
Rs 70,000 crore order book and 600 per cent returns: This multibagger railway wagons company emerges as L1 bidder for order worth Rs 251,05,48,956 from M.P. Madhya Kshetra Vidyut Vitaran Co Ltd!
-
Rs 3,912 crore order book: This multibagger explosives manufacturing company bags fresh export orders worth Rs 994 crore from international client!
-
Multibagger stock under Rs 50: This civil construction company receives order worth Rs 301 crore from Sam (India) Builtwell Pvt Ltd, hits 52-week high!
-
Rs 6,584.71 crore order book: This multibagger telecom infrastructure company receives order worth Rs 137.63 crore from Reliance Retail Limited!
-
Rs 3,616 crore order book: This micro-cap civil construction company receives order worth Rs 138.24 crore from Jal Sakthi Vibhag!
-
Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 1,369.62 crore from various clients; Stock up by 4.9 per cent!
-
Rs 70,000 crore order book: This multibagger civil construction company bags new orders worth Rs 878.17 crore from various clients!
-
Rs 4,700 crore order book & FIIs increase stake: This multibagger railway telecom company bags new order worth Rs 11,23,69,040 from Ministry of Defence
-
Rs 3,200 crore order book: This multibagger civil construction company bags new orders worth Rs 412,81,85,732.06 from Raipur Railway Station
-
Multibagger penny stock below Rs 70 with Rs 746 crore order book hit 52-week high as it bags new orders worth Rs 81 crore from Defence sector
-
Rs 3,000 crore order book: This multibagger iron & steel company bags new orders worth Rs 872 crore from domestic and international clients!
-
FIIs bought 1,00,000 shares and Rs 1,695 crore order book: This multibagger telecom infrastructure company bags new orders worth Rs 1,30,64,87,640
-
Rs 12,650 crore order book: This multibagger civil construction company bags new order worth Rs 4,123.88 crore from Brihanmumbai Municipal Corporation
-
Rs 57,328 crore order book: This multibagger civil construction company receives new order worth Rs 396.25 crore from South East Central Railway
-
Madhuri Madhusudan Kela’s portfolio stock with Rs 1,499 crore order book: This electrical equipment company bags new order worth Rs 232 crore from Power Grid Corporation of India Limited
-
Rs 4,69,800 crore order book: This multibagger civil construction company bags approx. Rs 2,500 crore railway order to construct Jakarta Mass Rapid Transit Project
-
Rs 2,935 lakh order book & DIIs increase stake: This multibagger micro-cap telecom equipment company receives a new order worth USD 2,39,000 from Balkantel OOD
-
FIIs bought 13,600 shares and Rs 130 crore order book: This aerospace & defence company bags new order worth Rs 4,14,00,000 from Naval Ship Repair Yard
-
Rs 91,000 crore order book: This multibagger aerospace & defence company bags new orders worth Rs 2,282.06 crore from Indian Navy & various other clients!