Recently listed stock engaged in providing EPC services for solar panels, solar pumps, and many more, jumped 3 percent in the day’s trade upon receiving an order worth Rs. 43.70 Crores.
With a market capitalization of Rs. 734 Crores, the shares of Alpex Solar Limited were trading at Rs. 299.95, up 1.90 percent from its previous day’s close price of Rs. 294.35.
Alpex Solar Limited has received two work orders worth Rs. 43.70 Crores from the New & Renewable Energy Department Haryana & HAREDA, for the supply, installation, and commissioning of 1,434 Solar Water Pumping Systems in the State of Haryana, under the PM-Kusam Scheme.
In Addition, Alpex Solar Limited has informed that it is also empaneled and approved for the installation of solar water pumps in the state of Rajasthan and work orders will start flowing soon from the State Government of Rajasthan.
Alpex Solar Limited is engaged in the business of manufacturing, supplying, installing, and commissioning solar panels, solar pumps, and other related things.
Its revenue from operations grew by 17.59 percent from Rs. 166 Crores in FY22 to Rs. 195 Crores in FY23, and it generated a profit of Rs. 4 Crores in FY23.
It has reported a return on equity (ROE) of 9.58 percent and a return on capital employed (ROCE) of 14 percent, it is making decent returns on its equity and capital employed.
Written by: Bharath K.S
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