Shares of an infra stock hit the 2 percent upper circuit limit after the company secured two major orders worth Rs.460 crores. The contracts include the development of a solar power plant and urban infrastructure projects, further strengthening the company’s position in the renewable energy and city development sectors.
Price Movement
During Monday’s trading session, shares of Teerth Gopicon Ltd jumped to an intraday peak of Rs.369.10 each, reflecting a 2 percent upper circuit from the prior closing price of Rs.361.90 per share.
What Happened
Teerth Gopicon Ltd has been declared the highest bidder on April 19, 2025, by Indore Smart City Development Limited for the development of a land parcel. The project involves the freehold sale of 68,510.492 sq. m. of land (part of MOG Lines Land Parcel-2) to be developed according to the Indore ABD Area master plan. The total value of the land parcel is Rs.454.54 crores. The project is to be completed within 36 months from the issuance of the Letter of Award.
Additionally, on April 17, 2025, the company was declared the L1 (First Lower) Bidder by NHPC Limited for the development of rooftop solar power projects under the “PM Surya Ghar: Muft Bijli Yojana.” The project, valued at Rs.5.57 crores, involves the installation of solar power systems on buildings in Zone-IV (North East Power Stations). The project will be executed within 9 months for the EPC part, followed by 5 years of comprehensive operation and maintenance. The total capacity of the project is 1098 KW.
Earnings Report
According to its recent financial updates, Teerth Gopicon Ltd reported remarkable consolidated revenue of Rs.68 crores in H1 FY25, marking a 84 percent increase from Rs.37 crores in H1 FY24. In addition, the company saw a significant surge of 234 percent in net profit to Rs.10 crores, compared to Rs.3 crores in the same period last year.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 29.2 percent and a Return on Equity (ROE) of 24.29 percent. Its Price-to-Earnings (P/E) ratio stands at 37.58, higher than the industry average of 23.25. Furthermore, the company maintains a current ratio of 1.82, debt-to-equity ratio of 0.22, and an earnings per share of Rs.9.63.
Written by – Siddesh S Raskar
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