This Midcap Solar stock which deals in solar EPC specializing in solar rooftop systems for residential and industrial solar power plants and ground-mounted solar power plants is up by 4 percent in the day’s trade after the company received an order from Aarvee Denim for commissioning Solar Roof Top worth Rs. 2.84 crore.
Price Action
With a market capitalization of Rs. 220 Crores, the shares of Trom Industries Limited were up by 4 percent in the day’s trade touching a day’s high of Rs. 249 per share. The stock reiterated from the day’s high and was trading at Rs. 245 per share which is 2.40 percent higher from the previous closing price of Rs. 239.25 apiece.
What Happened
The company received an order from Aarvee Denims and Exports Limited for the supply, installation, design, testing, and commissioning of a grid-connected solar rooftop power plant for 1 MW. The order value was worth Rs. 2.84 crore which is scheduled in this current financial year in a phased manner.
About the Company
Trom Industries Limited is a leading Solar EPC (Engineering, Procurement, and Construction) company based in India. They specialize in solar energy solutions. Their business model concentrates on residential rooftop installations, industrial solar power plants, and solar street lighting.
They handle project phases, which include engineering design, material procurement, construction, and project management while ensuring compliance with regulatory standards. Additionally, Trom trades solar products like panels and inverters. Committed to sustainability, and aim to reduce carbon footprints while empowering clients with cost-effective solar energy solutions, contributing to a greener future.
Products and services
Trom Industries Limited offers a range of solar energy products and services. Their portfolio includes industrial and residential and solar rooftop installations, ground-mounted solar power plants, and solar street lighting. They are also engaged in the trading of inverters, solar panels, and other essential components.
Financials & Ratios
Its Revenue from operations grew by 98.71 percent year on year from Rs. 23.27 Crores in H1FY24 to Rs. 46.24 Crores in H1FY25, accompanied by profits of Rs. 1.98 Crores to Rs. 4.13 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 77.80 percent and a return on capital employed (ROCE) of 66.30 percent. It has reported a debt-to-equity ratio of 0.72.
Shareholding Pattern
As of September 2024, the shareholding pattern with promoters stake holding a share of 69.52 percent in Trom Industries, Foreign Institutional Investors (FII) holdings stood at 1.11 percent, Domestic Institutional investors (DII) standing at 36.87 percent, public holdings standing at 5.79 percent and others holding around 23.58 percent.
Written by Santhosh S
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