Under Rs 230: Electric Panels Manufacturer Secures Rs 2,17,00,000 Order from Kalindi Ispat for LT and HT Panels – Stock Rallies Over 5 Per cent Today

The company’s shares have delivered an impressive return of around 125 per cent to its shareholders.

Shivalic Power Control Limited has been awarded a prestigious order for LT panels valued at approximately Rs 131 lakhs (One Hundred Thirty-One Lakhs) from Kalindi Ispat The project is scheduled for completion by February 2025. The total value of the order is Rs 131 lakhs (One Hundred Thirty-One Lakhs).

Furthermore, it has been awarded an order for HT panels valued at approximately Rs 86 lakhs (Eighty-Six Lakhs). The project is scheduled for completion by February 2025.

Established in 2004, Shivalic Power Control Limited is a Small-Cap company that specializes in manufacturing a comprehensive range of electrical panels, including PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, HT Panels (up to 33KV), VFD Panels, Power Distribution Boards, Bus Ducts, as well as LT and HT APFC Panels.

Share Performance

Looking at the share performance, at the start of the day's trading session, shares of Shivalic Power Control Limited opened at Rs 224.20 per share, compared to the previous day's closing price of Rs 211.65 per share on the NSE. The shares rallied over 5 per cent while writing this article and are currently at Rs 221.40 per share. The company's current market capitalization stands at Rs 533.92 crore. Additionally, the company’s shares have delivered around 125 per cent return compared to the final IPO price of Rs 100 each.

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Financial Performance

The company doesn’t announce Quarterly Results and as per the half-yearly results in March 2024, Shivalic Power Control Limited recorded a revenue of Rs 71 crore compared to Rs 50 crore. The operating profit reported by the company was Rs 13 crore compared to Rs 8 crore while the margin stood at around 18 per cent compared to 16 per cent. The net profit stood at Rs 8 crore compared to a profit of Rs 4 crore. Looking at the annual performance, the company generated a revenue of Rs 102 crore in FY24. The operating profit for FY24 was Rs 19 crore with a net profit of Rs 11 crore compared to a net profit of Rs 7 crore in FY23.

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