Mulltibagger from its 52-week low: This micro-cap company bags new orders worth Rs 47,40,00,000 from various clients across India

The stock has an ROE of 65.7 per cent and a ROCE of 58.4 per cent.

Ahasolar Technologies Ltd informed that the company have bagged new 5 orders worth Rs 47,40,00,000 from various clients across India on a year-to-date basis. Here are the details: -  

Order No – 1: The company received a work order for consultancy services for the preparation of a feasibility report for a 300 X 2 MW wind project from Hindustan Petroleum Corporation Limited. The order is worth Rs 14 lakh and will be completed in 2 months.

Order No – 2: The company received a work order for a detailed feasibility report (DFR) and detailed project report (DPR) of a solar park for a ground-mounted solar photo voltaic grid-connected power plant project of 500 MW capacity in the Harshad district, Banaskantha, Gujarat from Gujarat State Electricity Corporation Limited (GSECL). The order is worth Rs 25 lakh and will be completed in 19 months.

Order No – 3: The company received a work order for data collection for distributed solar (ground-mounted and rooftop solar) connected to the distribution grid from PGVCL (Gujarat) and Indore (Madhya Pradesh) DISCOM for pilot demonstration and design of framework for National Registry of Solar Rooftop PV (SRTPV) from India Smart Grid Forum (ISGF). The order is worth Rs 25 lakh and will be completed in 6 months.

Order No – 4: The company received a work order for consultants for the implementation of solar power and other RE projects/schemes in Jammu & Kashmir UT from Jammu & Kashmir Energy Dev. Agency. The order is worth Rs 35 crore and will be completed in 5 years.

Order No – 5: The company received a work order for r for professional services for solar and new & innovative solar application (NISA) content development and capacity building for multiple states across India, to be developed under the guidance of GIZ & MNRE, Government of India. The order is worth Rs 60 lakh and will be completed by June 30, 2025.

According to the half-yearly results (H1FY24), the net sales increased by 31 per cent to Rs 12.88 crore compared to H1FY23. The company reported a net loss of Rs 0.77 crore in H1FY24 compared to a net profit of Rs 0.16 crore. In its annual results, the sales increased by 820 per cent to Rs 20.87 crore and the net profit increased by 103 per cent to Rs 1.60 crore in FY23 compared to FY22.

Today, at the closing bell, shares of the company plunged 0.07 per cent to Rs 453.85 per share from its previous closing of Rs 454.15 with an intraday high of Rs 469.90 and an intraday low of Rs 448. The stock’s 52-week high is Rs 475 and its 52-week low is Rs 203.

Ahasolar Technologies Limited is engaged in the business of cleantech enabling energy transition through digital transformation. The company has a market capitalization of Rs 140 crore and is currently debt-free.

The stock has an ROE of 65.7 per cent and a ROCE of 58.4 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 203 per share. Investors should keep an eye on this micro-cap SME IPO stock.

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

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