Turnaround Story: Penny Stock with High Promoter Holding Under Rs 40 – Solar EPC Company Bags Order Worth Rs 2,57,88,900 from Shyam Sel and Power
The company’s shares have delivered an impressive return of over 40 per cent in the past year.
Incorporated in 1995, this micro-cap solar company that specializes in executing turnkey Solar PV Power Plant projects, offering comprehensive EPC and O&M services has secured a work order today.
Agni Green Power Ltd has received a service order from Shyam Sel and Power Limited, Dhasna, Paschim Burdwan, for the Design, Engineering, Procurement, Manufacturing, Supply, Installation, and Commissioning of a 3 MWp (DC) Solar PV System at Jamuria, Asansol, West Bengal. The total contract value amounts to Rs 2,57,88,900 (Rupees Two Crore Fifty-Seven Lakh Eighty-Eight Thousand Nine Hundred Only), inclusive of GST. The project is to be executed within a timeframe of 4 months from the date of receipt of the order.
The company is a registered channel partner of the Ministry of New & Renewable Energy, Government of India, for off-grid solar PV applications. Agni Green Power delivers end-to-end solar energy solutions, from design and engineering to installation, commissioning, and maintenance. Its expertise spans standalone and grid-connected systems, with capacities ranging from a few watts to several megawatts, utilizing advanced solar photovoltaic technology.
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Share Performance
Today the start of today’s trading session, Agni Green Power Ltd opened at Rs 33.20 per share, compared to yesterday’s closing price of Rs 33.35 per share on the NSE. Finally, the shares closed at around Rs 34.80 per share on the NSE. The current market capitalization stands at Rs 67.98 crore. The company’s shares have delivered an impressive return of around 40 per cent in the past year.
Financial Performance
The company doesn’t announce Quarterly Results, and in half-yearly results in September 2024, Agni Green Power Ltd reported a revenue of Rs 16.16 crore compared to Rs 14.26 crore. The company posted an operating profit of Rs 1.02 crore with a margin of around 6.31 per cent compared to Rs 0.94 crore with a margin of around 6.59 per cent. The company reported a net profit stood at Rs 0.15 crore for the period compared to a profit of Rs 0.12 crore.
Looking at the annual performance, the company generated a revenue of Rs 35.27 crore in FY24 compared to Rs 22.02 crore in FY23 representing a growth of around 60 per cent YoY. The operating profit for FY24 was Rs 2.08 crore compared to a loss of Rs 0.12 crore in FY23. The company reported a net profit of Rs 0.38 crore compared to a loss of Rs 1.41 crore.
Disclaimer: The article is for informational purposes only and not investment advice.