Power stock engaged in the business of providing EPC services for the Erection and installation of Power Distribution, Transmission, and industrial projects and Maintenance of Power Stations hits 5 percent upper circuit in the day’s trade upon receiving new work orders worth Rs. 60.42 Crores.
Price action
With a market capitalization of Rs. 517 Crores, the shares of Viviana Power Tech Limited hit a 5 percent upper circuit at Rs. 866.25 per equity share, from its previous day’s close price of Rs. 825.
What Happened
Viviana Power Tech Limited has received a new work order from Madhya Gujarat Vij Company Limited for a consideration of Rs. 60.42 Crores for the Creation of a robust network under the S.I. Scheme for 11 KV XLPE HTCab with underground/overhead cable, with ring main units and replacement of open bare conductor with MVCC conductor in various subdivisions of the Godhra O&M Circle and Nadiad O&M Circle
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About the Company
Viviana Power Tech Limited is engaged in the business of providing Engineering, Procurement, and Construction (EPC) services for the Erection and installation of Power Distribution, Transmission, and industrial projects and Maintenance of Power Stations.
Viviana Power Tech Limited is engaging in an expansion strategy by extending its presence into additional states with careful planning and the development of a strong infrastructure to support operations in new regions. Viviana Power Tech Limited has an order book of Rs. 150 Crores with an order pipeline of Rs. 200 Crores expected in the next 12 months.
It has a strong clientele base with well-known players like Adani, Larsen & Toubro, Suzlon, Waaree Renewables, Bharat Heavy Electricals, IRB Infrastructure Developers, GETCO, Gujarat State Electricity and many others.
For the Power EPC, it targets revenue of Rs. 120-140 Crores in FY25, FY27 revenue target of Rs. 30 Crores for the Distribution Transformer Manufacturing, and FY27 Target of 40 MW for the Renewable energy generation
Financials and Ratios
Its Revenue from Operations grew by 81 percent from Rs. 36.15 Crores in FY23 to Rs. 65.53 Crores in FY24, accompanied by profits of Rs. 3.01 Crores to Rs. 6.49 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 36.2 percent and a return on capital employed (ROCE) of 41.5 percent. It has reported a debt-to-equity ratio of 0.68.
Written by: Bharath K.S
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