Penny Stock Under Rs 50: Engineering Company Commissions 632 KWp Solar Power Project at G S Pharmbutor in Modinagar

The company’s shares have rallied around 90 per cent in the past 1 year.

This micro-cap company provides equipment and consultancy services to various industries. The company specializes in engineering and consultancy, offering scientific, technical, and professional services.

The company has announced that a solar power project with a capacity of 632 KWp at G S Pharmbutor Pvt Limited (Nutrition Division) in Modi Steel Compound, Modinagar, Uttar Pradesh-201204, has been successfully commissioned and is now operational as of today, November 4, 2024.

SBEC Systems (India) is involved in designing, planning, and specifying contracts, whether turnkey or otherwise. It undertakes fabrication, erection, and project commissioning, supplying advanced equipment primarily to the sugar and power industries.

At the start of today’s trading session, the SBEC Systems (India) stock opened at Rs 39.03 per share, compared to Friday’s closing figure of Rs 41.08 per share on the BSE. The current market capitalization of the company stands at Rs 40 crore.

As per the Quarterly Results for Q1 FY25, the company reported a revenue from operations of Rs 0.66 crore, compared to Rs 0.67 crore in the previous period. The company’s operating profit stands at Rs 0.50 crore, slightly up from Rs 0.49 crore, with a margin of 75.76 per cent. The net profit for Q1 FY25 was Rs 0.20 crore, compared to Rs 0.20 crore in the same period last year.

Turning attention to the annual performance of the company, it reported a revenue of Rs 3.19 crore while the company’s net profit stood at Rs 1.33 crore in FY24 compared to the loss of Rs 1.11 crore.

Regarding the shareholding pattern, the promoters own 51 per cent of the company and the public or retail investors hold 49 per cent.

Investors must keep this Penny stock on their radar.

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