Multibagger solar power company bags new orders worth Rs 17,19,00,000 from Ahab Solar Power Pvt Ltd & Bhadora Solar Power Pvt Ltd

The shares of the company have a PE of 125x, an ROE of 17 per cent and an ROCE of 17 per cent.

Sungarner Energies Limited has secured a substantial contract for the construction of a 3.82 MW solar power plant, valued at Rs 17.19 crore (inclusive of GST). This project is slated for completion within the next four months. The contract comprises two components: a 1.82 MW plant for Ahab Solar Power Private Limited, costing Rs. 8.19 crore, and a 2.00 MW plant for Bhadora Solar Power Private Limited, valued at Rs. 9.00 crore. This significant achievement underscores Sungarner Energies' dedication to promoting sustainable energy solutions and its ability to cater to the diverse requirements of its clientele.

Sungarner Energies Ltd (SGL) is a sustainable energy company based in India, specializing in the manufacturing and distribution of various power solutions. Established in 2015 and certified to ISO 90001:2008, SGL offers a wide range of products under the SELTRIK brand, including solar inverters, solar power plants, PV modules, online UPS systems, batteries, electric wires, and EV products. The company is also involved in turnkey solar EPC projects for utility-scale solar power plants, solar farms, and rooftop installations.

The company has a market cap of Rs 129.57 crore. The shares of the company have a PE of 125x, an ROE of 17 per cent and an ROCE of 17 per cent. The stock gave multibagger returns of 272.5 per cent from its 52-week low of Rs 150 per share. Investors should keep an eye on this micro-cap stock.

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