Penny Stock Under Rs 100 & Rs 1,100 Crore Order Book: Cables & Conductors Company Bags Order Worth Rs 214.65 Crore from Adani Green Energy Ltd

The stock has given 99 per cent returns in the last year.

Diamond Power Infrastructure Limited (DPIL) has secured a significant order from Adani Green Energy Limited, valued at Rs 214.65 crore, for the supply of conductors for the Khavda Power Project in Gujarat. This order is a substantial addition to DPIL's portfolio, highlighting its capabilities in the power transmission and distribution sector. The contract involves the supply of various high-tension and low-tension cables for both solar and wind power projects, with completion expected by January 2026.

DPIL, one of India's oldest cable and conductor manufacturers, is undergoing a re-commissioning of its production facilities, anticipated to be completed by September 2025. The company, acquired by the GSEC-Monarch Group through the NCLT process, is focusing on expanding its market presence and enhancing its manufacturing capacity to meet the growing demand in the solar and electric vehicle cable markets. This strategic move aligns with DPIL's growth plans to leverage advanced technologies and ensure a reliable supply of high-quality cable solutions.

Diamond Power Infrastructure Limited (DPIL), based in Vadodara, Gujarat, is a prominent player in the power transmission and distribution sector. The company offers a comprehensive range of products, including conductors, cables, and transmission towers, under the "DIACABS" brand. DPIL's manufacturing facility in Vadodara is unique in India, as it houses the production of cables, conductors, and transmission towers under one roof. The company has faced financial challenges in the past, leading to its acquisition by the GSEC-Monarch Group through the NCLT process. DPIL is now focused on re-commissioning its production facilities and expanding its market presence. The company plans to enhance its manufacturing capacity with advanced technologies to cater to the growing demand in the solar and electric vehicle cable markets. DPIL's client base includes major players like Adani Energy, ABB, and Texmaco, and it serves a diverse range of industries, including government and private distribution companies, EPC contractors, and export clients.

As of March 24, 2025, the current stock price of Diamond Power Infrastructure Limited jumped over 5 per cent and locked in the upper circuit at Rs 99.1. The stock has a 52-Week High of Rs 186.54 and a 52-Week Low of Rs 48.33. Market capitalisation is Rs 4,973.55 crores. The stock has given 99 per cent returns in the last year.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 307.42 crore, reflecting a YoY growth of 412.71 per cent compared to Rs 59.96 crore in December 2023. The operating profit stood at Rs 15.94 crore, marking a 429.57 per cent increase from Rs 3.01 crore in the same quarter last year. The profit after tax (PAT) stood at Rs 6.27 crore compared to a loss of Rs 5.28 crore in December 2023.

In FY24, the company posted a revenue of Rs 343.37 crore, registering a decline of 69.64 per cent compared to Rs 1,131.15 crore in FY23. The net profit for the year stood at Rs 17.03 crore compared to a loss of Rs 804.76 crore in the previous financial year.

With a PE ratio of 134, the company trades at a premium compared to the industry PE of 26.

Investors must keep this stock on their radar.

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