The shares of Smart Meter company, specializing in manufacturing smart electrical control panels and providing automation solutions, including LV/MV panels, VFD panels, and PLC systems, jumped upto 8 percent upon receiving order domestic work order from an industrial equipment supplier.
Price action
With a market capitalization of Rs. 53.8 Crores on Friday, the shares of Vdeal System Limited jumped upto 7.7 percent, making a high of Rs. 118.50 compared to its previous closing price of Rs. 110.00.
What Happened
Vdeal System Limited is engaged in manufacturing smart electrical control panels and providing automation solutions, including LV/MV panels, VFD panels, and PLC systems, has received a new domestic work order for Rs. 1.23 crores to supply of spares from an industrial equipment supplier, and the order is scheduled for delivery by June 15, 2025.
About the company
Vdeal System Limited, established in December 2009 and headquartered in Jatni, Odisha, is an integrated provider of electrical and automation solutions. The company specializes in manufacturing smart electrical control panels and providing automation solutions. Vdeal also offers air-insulated and sandwich bus ducts, along with services such as turnkey projects, audits, consultancy, and Internet of Things (IoT) solutions.
Marquee Clients
The company has a strong client base that includes Jindal Steel and Power, HAL, Vedanta, Dalmia Bharat Group, NTPC Ltd., Emami, JSW, JK Paper Ltd., Shyam Metalics, KEC, and more.
Key Insights
Vdeal System Ltd. has a strong financial profile with a P/E ratio of 17.27, lower than the industry average of 31.73, indicating attractive valuation. It maintains a low debt-to-equity ratio of 0.16 and strong promoter holding above 65 percent. The company has also delivered a 3-year average revenue growth of 24.09 percent and net profit growth of 137.99 percent.
Financials
The company’s revenue rose by 18 percent from Rs. 7.82 crore to Rs. 9.23 crore in H1FY24-25. Meanwhile, Net profit rose from Rs. 1.04 crores to Rs. 1.25 crore during the same period.
Written by Sridhar J
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