Synopsis: S&S Power Switchgear jumped sharply after it secured a major order worth Rs 30 crore through one of its subsidiaries from Giza Systems Free Zone, Egypt.
The shares of this leading services provider in the business of Transmission & Distribution of Equipment industry, power sector-focused Switchgear, P&C Solutions, and associated electrical systems, products, and services are in focus after securing a significant order. In this article, we will dive more into the details.
With a market capitalization of Rs 452 crore, the shares of S & S Power Switchgear Ltd made a day high of Rs 378 per share, up by 10 percent from its previous day closing price of Rs 344.55 per share. Over the past five years, the stock has delivered a multibagger return of 3,976 percent, outperforming NIFTY 50’s return of 110 percent.
About the Order
S&S Power Switchgear Ltd, through a stock exchange filing, announced that its wholly owned subsidiary, Hamilton Research & Technology Pvt. Ltd (HART) has received a Letter of Intent (LOI) from Giza Systems Free Zone, Egypt, for a major international project. The contract, which is valued at over Rs 30 crores, is about the supply of a highly futuristic Pot Control System along with advanced technology to support aluminum smelter operations.
With this transaction, HART secured one of the largest international orders it has ever secured. The company has gained a strong footprint in the global power and automation space through this remarkable achievement. The start-up of the project is scheduled for the current financial year, and it is anticipated to be finished within the next 36 months.
Financial Highlights
S & S Power Switchgear Company reported a revenue of Rs 59.36 crore in Q1 FY26, a growth of 64 percent as compared to Rs 36.17 crore in Q1 FY25. Regarding its profitability, the company reported a net profit of Rs 1.77 crore in Q1 FY26, as compared to a loss of Rs 2.18 crore in Q1 FY25.
The stock delivered a poor ROE and ROCE of -9 percent and 2.73 percent, respectively, and is currently trading at a very high P/E of 342x as compared to its industry average of 38.46x.
S&S Power Switchgear Equipment Ltd (SSPSE) is one of the major contributors to India’s Transmission and Distribution (T&D) sector. The company is the proud creator of the Medium and High Voltage Disconnectors and Earthing Switches that ensures safe and reliable power flow in the networks. They are basically the 36kV to 765kV range devices used worldwide in the power network to break and protect the circuits in the substation during the maintenance and operation.
SSPSE has been around for more than 50 years and has footprints in over 50 countries, with the result of the company installing the disconnector and earth switch quite a few times worldwide. Besides that, the corporation is also giving a complete range of retrofitting solutions, and project support, as well as providing education/training sessions to the utilities in the modernization of their infrastructures.
Written by Satyajeet Mukherjee
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