Under Rs 50: This Solar Company Secures Order Worth Rs 4,25,00,000 for Defence-Related Electronic Components; Must Watch!

The company’s shares have delivered an impressive return of over 80 per cent in just 1 year.

Incorporated in 2006, Surana Solar Ltd operates in the manufacturing of Solar Photovoltaic Modules, as well as the generation of Wind and Solar Power energy, along with trading other solar-related products. Recently, Surana Solar Limited secured an order valued at Rs 4.25 crores (Rupees Four Crore and Twenty-Five Lakhs only) from Flic Microwaves Private Limited for the supply of Defence-related electronic components.

SSL, a division of the Surana Group, specializes in manufacturing Solar Photovoltaic Modules and engages in Engineering, Procurement, and Construction (EPC) of Power Projects on a turnkey basis, particularly at the MW scale.  It offers grid-connected and grid-off Photovoltaic Power plants in open areas and provides engineering, procurement, and construction within a range of 1 MW to 15 MW.

Share Performance:

Today the shares of Surana Solar Ltd closed the day at Rs 39.70 per share. The company’s current market capitalization stands at Rs 195.35 crore. The stock has delivered a return of around 85 per cent in the past 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Surana Solar Ltd reported a revenue of Rs 3.93 crore and an operating profit of Rs 7.80 crore. The operating profit margin for the quarter stands at 7.63 per cent. The company’s net loss stood at Rs 0.15 crore. In FY24, the company reported a revenue of Rs 17.71 crore compared to Rs 42.18 crore and a net loss of Rs 1.26 crore, compared to a profit of Rs 2.28 crore in the previous year.

Investors must keep this micro-cap stock on their radar.

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