Solar stock engaged in providing engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial applications in focus upon receiving work order worth Rs. 27 Crores to supply Solar Panels and Inverters.
Price Action
With a market capitalization of Rs. 1,046 Crores, the shares of Australian Premium Solar (India) Limited were trading at Rs. 530 per equity share, up 0.81 percent from its previous day’s close price of Rs. 525.80.
What Happened
Australian Premium Solar (India) Limited engaged in manufacturing monocrystalline and polycrystalline solar modules and providing EPC services related to it has received a new work order from its client company for a consideration of Rs. 27.05 Crores for the supply of 540WP APS Mono Bifacial Solar Panel DCR, Non DCR, and solar Inverters, to be executed by March 2025.
About the Company
Australian Premium Solar (India) Limited is engaged in manufacturing and supplying monocrystalline and polycrystalline solar modules, solar water pumps, and inverters and it provides engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial applications. It has a manufacturing capacity of 600MW+.
Financials and Ratios
Its revenue from operations grew by 102 percent from Rs. 81 Crores in H1FY24 to Rs. 164 Crores in H1FY25, accompanied by profits of Rs. 3 Crores to Rs. 13 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 32.09 percent, and a Return on capital employed (ROCE) of 27.18 percent. It has reported a debt-to-equity ratio of 0.14.
Written by: Bharath K.S
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