Synopsis: Trom Industries shares surged to the 5 percent upper circuit after the company secured three solar rooftop system contracts worth Rs. 3.6 crore from Gujarat Energy Development Agency.
The renewable energy EPC sector stock hit its upper circuit following a significant order announcement. Investor sentiment strengthened as fresh government-linked contracts reinforced confidence in execution visibility and long-term sustainability.
Trom Industries Ltd., with a market capitalization of Rs. 94.25 crore, opened at Rs. 101.90 against the previous close of Rs. 97.65. The stock touched an intraday high of Rs. 102.50, hitting its 5 percent upper circuit.
What’s the News?
The company received purchase orders from Gujarat Energy Development Agency for the supply, installation, testing, commissioning, and 10-year comprehensive maintenance contract of solar rooftop systems on government buildings across Gujarat during FY2025-26. The order comprises three separate contracts from the same entity with a combined value of Rs. 3.6 crore. The supply is to be completed within the current year, with Trom also responsible for ongoing maintenance over the next decade.
Financial Snapshot
For FY25, Trom Industries reported sales of Rs. 93.32 crore and a net profit of Rs. 4.61 crore, with PBT standing at Rs. 6.14 crore. The company has compounded its profit growth at 134 percent over the last three years. Return ratios remain healthy, with ROCE at 18.5 percent, ROE at 15.6 percent, and ROA at 8.31 percent. Debt-to-equity is at a comfortable 0.31, while cash equivalents stood at Rs. 16.9 crore. The stock is trading at a P/E of 20.4, significantly below the industry average of 46.8, indicating undervaluation.
About the Company
Trom Industries Ltd. is a solar EPC company engaged in engineering, procurement, and construction across multiple solar energy segments. Its portfolio includes residential rooftops, industrial solar power plants, ground-mounted installations, and solar street lighting systems. The company also develops large-scale solar parks on unused land and manages end-to-end execution, from design and material procurement to construction, compliance, and project management.
Written by Manan Gangwar
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