Rs 761.06 Crore Order Book: Debt-Free Solar EPC Company Hits H1FY25 Milestone, Crossing Rs 140 Crore Revenue with Impressive 324 Per Cent YoY PAT Growth
The shares of the company have an ROE of 96 per cent and an ROCE of 117 per cent
Established in 2013, Sathlokhar Synergys E&C Global Limited is one of the leading providers of engineering, procurement, and construction (EPC) services across sectors such as industrial, commercial, institutional, pharmaceutical, and solar projects. The company has completed projects in Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal and participates in government EPC projects through competitive bidding. Sathlokhar is an authorized dealer of TATA Power Solar Systems Ltd., providing installation, sales, commissioning, and maintenance services for solar power systems.
According to half-yearly results, total revenue increased by 206 per cent to Rs 14,250.98 lakh, EBITDA increased by 316 per cent to Rs 2,334.88 lakh and profit after tax increased by 324 per cent to Rs 1,644.65 lakh. For FY24, the company had total revenue of Rs 24,732.09 lakh, EBITDA of Rs 3,586.60 lakh and PAT of Rs 2,612.82 lakh. A robust order book of Rs 761.06 crore and Rs 141.37 crores billed through September FY24, we are on track to achieve an additional Rs 260.63 crore in the second half of the year. The company's working capital requirements have reduced from 64.1 days to 40.6 days and Debtor days have improved from 31.4 to 20.3 days.
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The stock’s 52-week high is Rs 662.35 per share and its 52-week low is Rs 234.65 per share. The company has a market cap of Rs 938 crore and as of September 2024, it is debt-free. The shares of the company have an ROE of 96 per cent and an ROCE of 117 per cent. Investors should keep an eye on this solar EPC stock.
Disclaimer: The article is for informational purposes only and not investment advice.