Under Rs 250: Electric Panels Manufacturer Secures Rs 1.11 Crore Order from Nxtra Data for LT Panels – Do You Own It?
The company’s shares have delivered an impressive return of over 100 per cent to its shareholders.
This Small-Cap company 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 has bagged an order from Nxtra Data Limited.
As per the press release, Shivalic Power Control Limited has been awarded a prestigious order valued at approximately Rs 1.11 crore for the supply of LT Panels. The order, placed by Nxtra Data, is scheduled for completion by February 2025.
Recently, Shivalic Power Control Limited secured a prestigious order for LT Panels valued at approximately Rs 3.70 crore. The order was placed by Machino Plastics.
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.
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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 200.70 per share, compared to the previous day's closing price of Rs 200.70 per share on the NSE. Currently, the shares are at Rs 202.80 per share. The company's current market capitalization stands at Rs 489.07 crore. Additionally, the company’s shares have delivered over 100 per cent return compared to the final IPO price of Rs 100 each.
Financial Performance
The company doesn’t announce Quarterly Results and as per the half-yearly results in Sep 2024, Shivalic Power Control Limited recorded a revenue of Rs 54 crore compared to Rs 31 crore. The operating profit reported by the company was Rs 9 crore compared to Rs 7 crore while the margin stood at around 17 per cent compared to 21 per cent. The net profit stood at Rs 6 crore compared to a profit of Rs 3 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.