The shares of this small cap stock, providing end-to-end solutions for industries, utilities, and consumers in sustainable electrical energy came into focus on Friday after entering into the air cooler business.
Stock Performance
With a market capitalization of Rs 99,758.73 crore, CG Power and Industrial Solutions Ltd rose nearly 1 percent on Friday and made an intraday high of Rs 659.30 per share compared to its previous closing price of Rs 654.50 per share. The shares reiterated from the day’s low and were trading at Rs 652.50 which is slightly lower than the previous close.
What Happened
CG Power and Industrial Solutions Ltd. has entered the air cooler business, diversifying its consumer durables portfolio. Their new air coolers are equipped with JetChill technology, guaranteeing efficient air flow and rapid cooling.
Designed for large spaces, they provide high air delivery and honeycomb cooling pads for better water retention and long-lasting performance. Their sleek, durable design fits in with any environment, while energy-efficient operation provides maximum cooling with minimal power usage.
Company Overview
CG Power and Industrial Solutions Limited, is engaged in providing comprehensive solutions for utilities, industries, and consumers in electrical energy management and application. It operates through two key segments: Industrial and Power Systems.
Order Book Analysis
As of December 2024, Industrial Systems segment saw an order intake of Rs 6,166 crore with an order backlog of Rs 3,712 crore. Likewise the company’s other segment, Power systems reported an order intake of Rs 4,315 crore while the backlog stood at Rs 5,984 crore.
Financial Performance
According to the latest quarterly report, the company reported a 27 percent increase in revenue from Rs 1,979 crore in Q3 FY24 to Rs 2,516 crore in Q3 FY25. The net profits however, saw a steep decline of 68 percent from Rs 748 crore to Rs 238 crore during the same period.
Written by Shwetha Sairam
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