Solar Company Bags Order Worth Rs 6,25,90,000 for installation of a 2 MW Solar Ground Mount Power Plant, Stock Gains Over 200 per cent in just 6 months!
The company’s shares have delivered an impressive return of over 175 per cent in the past 1 year.
Solex Energy Ltd manufactures solar panels and other renewable energy devices and also specializes in installing systems on an Engineering, Procurement, and Construction (EPC) basis. It has been awarded a Work Order by Vishwaprem Dyg. Mills Pvt. Ltd., Surat, for the installation of a 2 MW Solar Ground Mount Power Plant, totalling Rs 6,25,90,000 (Six Crore Twenty-Five Lakhs Ninety Thousand only), which includes all applicable duties and taxes.
Today Solex Energy Ltd shares are trading at Rs 1457.75 per share. The company’s current market capitalization stands at Rs 1166.20 crore. The stock has delivered a return of over 200 per cent in just 6 months.
As per the Quarterly Results, in the fourth quarter of FY24, Solex Energy Ltd recorded a revenue of Rs 273 crore. The operating profit for Q4 FY24 stood at Rs 20 crore. The net profit for Q4 FY24 was Rs 8 crore. Looking at the annual performance, the company generated a revenue of Rs 366 crore in FY24, compared to Rs 161 crore in FY23. The operating profit for FY24 was Rs 28 crore, with a net profit of Rs 9 crore.
Solex Energy Ltd manufactures mono/multi-crystalline solar photovoltaic modules, solar lanterns, solar streetlights, solar water pumps, and solar inverters. They offer solar solutions to residential, commercial, utility, and governmental/non-governmental organizations. Additionally, the company is involved in the Engineering, Procurement, and Construction (EPC) business for solar power plants catering to both residential and commercial sectors.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Solar Company Bags Order Worth Rs 17,82,10,800 from Eminent Paper Industries, Stock Gains Over 230 per cent in just 6 months!
-
This Solar Panel Company Secures Order Worth Rs 9,44,60,828: Stock Gains Over 5600 per cent!
-
This Solar Tech Company Bags Order Worth Rs 35,00,000 from Gesellschaft für Internationale Zusammenarbeit GmbH; Stock Gains Over 110 Per cent in Just 1 Year!
-
Under Rs 50: This Solar Company Secures Order Worth Rs 4,25,00,000 for Defence-Related Electronic Components; Must Watch!
-
Small-Cap Renewable Engineering Company Bags multiple orders worth Rs 351 Crore Order for Solar Projects; Stock gains over 300 per cent!
-
9,200 per cent Multibagger Return in Just 1 Year: Solar Stock Under Rs 200 Hits Upper Circuit; Promoter Holding Spiked from 0.01 per cent to 94.97 per cent in FY24
-
Solar manufacturer signs MoU for capacity expansion with Rs 700 million investment, FIIs purchased stock for the first time, hits upper circuit today!
-
Back-to-Back upper circuit: Shares of Reliance-backed renewable energy company rallied 5 per cent today; Q4 FY24 sales skyrocketed by 1,200 per cent; DIIs Increased Stake
-
Promoter purchased 10,00,04,240 shares of this solar company; Stocks hit upper circuit following announcement of record date for demerger!
-
Vijay Kedia Backed Multibagger Cybersecurity Company's Stock Hits Upper Circuit Today; Here's Why!
-
1:1 Bonus Shares Announced by This Micro-Cap Multibagger Company; Stock Gains Over 250 Per cent!
-
Heavy Buying LIC & SBI-Backed Stock Under Rs 30: Stock rallied over 10 per cent Today, FIIs Purchased 200,93,67,970 Shares!
-
A Breakout Pullback Trade Setup: Keep This Infra Stock on Your Radar
-
Mukul Agrawal-Backed Shipping Company Hits Upper Circuit Today; Stock Gains Over 275 per cent in just 1 Year!
-
5:1 Stock Split Likely to be Announced by this Small-Cap Company; Stock Hits Upper Circuit Today
-
From Rs 0.54 Crore Profit to Rs 6.11 Crore: Micro Cap Company Secures Order Worth Rs 44,56,035.21 – Complete Details Inside
-
Mukul Agrawal Gains Over 13 Crore in Just 1 Hour of Today’s Trading Session; Do You Own This Stock in Your Portfolio?
-
Penny Stock Under Rs 5: DIIs Own 43.25 per cent Stake, Stock Hits Upper Circuit Consecutively for 12 Days, Gains 140 per cent in 1 Month!
-
Ashish Kacholia-Backed VFX Stock Hits 52-Week High with Heavy Volumes Today, Gains Over 400 Per cent Within 1 Year!
-
Rs 800 Crore Order Book: This Aerospace & Defence Electronic Stock Hits All-Time High with Heavy Volumes, Here's Why