Heavy electrical equipment company bags new order worth Rs 182.7 million (excluding 18 per cent GST) from MP Power Generating Co. Ltd
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 215.90 per share
GE Power India Limited has secured an extended purchase order worth Rs 182.7 million (excluding 18 per cent GST) from MP Power Generating Co. Ltd. This domestic order entails the supply of boiler parts to Sanjay Gandhi Power Station. The project is expected to be completed within 3.5 months.
GE Power India Limited (GEPIL) is a prominent player in India's power generation equipment market. The company has been instrumental in modernizing and expanding India's infrastructure, navigating complex economic and political landscapes. With a nationwide network of sales offices and workshops, GEPIL has a strong presence across the country. Its manufacturing facilities in Durgapur, West Bengal, and Noida contribute to its ability to deliver a comprehensive range of power generation solutions. GEPIL remains committed to providing sustainable, affordable, and reliable electricity, with a particular focus on emissions control and comprehensive service offerings.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
According to Quarterly Results, the net sales decreased by 10 per cent to Rs 217.42 per cent in Q2FY25 compared to net sales of Rs 240.72 per cent in Q2FY24. The company reported a net profit of Rs 65.99 crore in Q2FY25 compared to a net loss of Rs 61.99 crore in Q2FY25, an increase of 206 per cent. In H1FY25, the net sales decreased by 17 per cent to Rs 657.46 crore compared to net sales of Rs 777.78 crore in H1FY24. The company reported a net profit of Rs 55.27 crore in H1FY25 compared to a net loss of Rs 198.31 crore in H1FY25, an increase of 128 per cent.
According to the shareholding pattern as of September 2024, the promoters own 68.58 per cent, FIIs own 0.43 per cent, DIIs own 2.80 per cent, Government own 0.39 per cent and the rest 27.80 per cent is owned by the general public. The company has a market cap of over Rs 2,900 crore and as of September 30, 2024, the company’s order book stands at Rs 2,559.70 crore. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 215.90 per share and investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.