Multibagger renewable energy solutions provider hit a 5 percent upper circuit in the day’s Trade after it signed a framework agreement with an Internationally Accredited Aggregator for obtaining and transacting Carbon Credits and water Credits, thereby making it the leading company in India to get water credits for its water infrastructure projects.
In the day’s trade, the shares of Taylormade Renewables Limited hit a 5 percent upper circuit at Rs. 815 and its market capitalization is Rs. 895.48 Crores.
Taylormade Renewables Limited (TRL), has entered into a framework agreement with an Internationally Accredited Aggregator for obtaining and transacting Carbon Credits and water Credits for Zero Liquid Discharge systems installed by TRL. With this move, TRL will become the leading company in India to get water credits for its water infrastructure projects.
The mutual Agreement is for obtaining Water Credits & Carbon Credits for the Zero Liquid Discharge (ZLD) systems installed by TRL through which there will be an efficient end use of treated water generated from the ZLD system. The obtained Water Credits can be traded on the respective Exchanges dealing in Water Quality Credit Trading.
Like Carbon Credits, Water Credits are market-based instruments for encouraging the saving of precious & scarce natural resources – WATER.
Obtaining and enabling the transaction of such Water Quality Credit Trading (WQCT), the industrial units installing ZLD to save fresh water will not only be encouraged but will also be compensated through revenue generated by the sale of such water credits earned by the industrial unit and foster more Industries to become Waste Water Treatment Compliant.
It has delivered multi-bagger returns of 2,946 percent in a year and 138 percent in the last 6 months. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 29.46 lakhs in a year.
The company’s revenue from operations grew 226.03 percent from Rs. 6.07 Crore in FY22 to Rs. 19.79 Crores in FY23, accompanied by increasing profits of Rs. 0.16 Crore to Rs. 1.97 Crore.
It has reported a return on equity (ROE) of 10.28 percent and a return on capital employed (ROCE) of 13.56 percent, it is making good returns on its equity and capital employed, considering its profitability ratios are increasing.
Taylormade Renewables Limited is engaged in providing renewable energy solutions and it specializes in manufacturing Solar Parabolic Concentrating Systems for steam generation used in steam cooking and other industrial applications etc.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
