Promoters Increase Stake Back-to-Back: This Power Switchgear Company’s Stock Hits Upper Circuit Today – Profit Skyrocketed by 966 Per cent
The company’s shares have delivered an impressive return of over 175 per cent in just 1 year only.
This Small-Cap company operates in the transmission and distribution equipment industry, focusing on switchgear, protection and control (P&C) solutions, and associated electrical systems, products, and services. The company is a key player in the power and T&D equipment industry, emphasizing switchgear and P&C systems. Its target markets include emerging economies, developing countries, the UK, and India. The company’s share rallied and hit the upper circuit today.
At the start of the day's trading session, the share of S&S Power Switchgear Ltd opened at Rs 398.40 per share, compared to the previous day's closing figure of Rs 379.45 per share on the BSE. Currently, the shares are at Rs 398.40 per share on the BSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The company's current market capitalization stands at Rs 491.69 crore, and the stock has generated an impressive multibagger return of over 175 per cent in the past 1 year.
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As per the Quarterly Results, in Q2 FY25 S&S Power Switchgear Ltd recorded a revenue of Rs 54.51 crore compared to Rs 33.73 crore. The operating profit for Q2 FY25 stood at Rs 5.13 crore. The net profit for Q2 FY25 was Rs 3.84 crore compared to Rs 0.35 crore representing a growth of around 966 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 159 crore in FY24, compared to Rs 140 crore in FY23. The operating profit for FY24 was Rs 11 crore, with a net profit of Rs 4 crore.
Regarding the shareholding pattern, the promoters own 74.98 per cent of the company which was earlier 74.98 per cent and the public or retail investors hold 24.80 per cent. DIIs own a 0.21 per cent stake in the company.
Disclaimer: The article is for informational purposes only and not investment advice.