The shares of this micro-cap company was up by 7 percent after it bagged orders worth 27.70 Cr for ground-mounted solar power project.
At the day’s closing the shares of Bhageria Industries were trading at Rs. 163 up by 7 percent from its previous day closing and the market capitalization of the company is 713 Cr.
As per the company’s filing, Bhageria Industries has bagged order from Paranjape Autocast Private Limited for the execution of Engineering, Procurement and Construction (EPC) works of a ground mounted solar power project of 4.5 MW (AC)/ 6.0 MWp (DC) capacity with 10 year’s comprehensive Operation & Maintenance. This project has a cumulative order value of INR 27.70 Crores and is slated for commissioning in the next six months.
The company’s revenue has decreased by 16.6 percent from 601.3 Cr in FY22 to 501.49 Cr in FY23, accompanied by decreasing profits from 70.6 Cr to 14.71 Cr.
The company has reported a return on equity (ROE) of 2.9 percent and return on capital employed (ROCE) of 4.4 percent, this indicates that the company is not able to generate good returns on its equity and capital employed.
Bhageria Industries is engaged in manufacturing and trading of Dyes & Dyes Intermediates and generation and distribution of solar power.
Written by: Bharath K.S
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