Solar Pumps Company Bags New Order Worth Rs 13,85,13,621 From Tripura Renewable Energy Development Agency
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 196 per share.
Australian Premium Solar Ltd (APS) has secured a significant Letter of Award (LOA) from the Tripura Renewable Energy Development Agency (TREDA) for the solarization of 500 agricultural pumps, valued at Rs 13,85,13,621. This project, under the PM-KUSUM Scheme (Component C), involves the supply, installation, and commissioning of 2 HP AC solar water pumps, accompanied by a comprehensive five-year warranty, maintenance, and insurance package on a turnkey basis, marking a substantial step for APS in expanding its footprint within India's renewable energy sector.
About the Company
Established in 2013, Australian Premium Solar (India) Limited is a prominent Indian solar solutions provider specializing in the manufacturing of high-efficiency Monocrystalline and advanced Topcon solar modules. The company also offers comprehensive EPC services for a wide range of applications, including residential, commercial, industrial, and agricultural. Leveraging the founders' deep international solar expertise, APS develops and produces high-quality, locally manufactured solar products. As an ISO 9001-certified company, APS prioritizes rigorous quality standards, ensuring the reliability and excellence of its products. The company collaborates with renowned firms to supply solar panels for critical applications across diverse sectors, demonstrating its commitment to innovation and driving the adoption of sustainable renewable energy solutions.
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Results: According to Quarterly Results, the net sales increased by 227 per cent from Rs 121 crore and net profit increased by 450 per cent to Rs 11 crore in Q3FY25 compared to Q3FY24. In its annual results, the company reported net sales of Rs 150 crore and net profit of Rs 6 crore.
The company have a market cap of over Rs 800 crore. The shares of the company have an ROE of 42.5 per cent and an ROCE of 51 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 196 per share. Investors should keep an eye on this small-cap solar EPC stock.
Disclaimer: The article is for informational purposes only and not investment advice.