Shares of a solar energy company gained 2 percent in Thursday’s trade after it secured a significant order worth Rs.10.77 crore from the Tripura Renewable Energy Development Agency (TREDA). The contract involves the supply of 633 off-grid solar water pumping systems under the PM-KUSUM Scheme, reinforcing the company’s presence in India’s renewable energy and rural electrification drive.
Price Movement
In Thursday’s trading session, the share price of Australian Premium Solar (India) Ltd reached an intra-day high of Rs.465.00 per share on Thursday, a rise of 2.6 percent from its previous close of Rs.453.00 per share. The share price has retreated since then and closed at Rs.446.00 each.
What happened
Australian Premium Solar (India) Ltd has received its first Letter of Award (LOA) following the successful acceptance of a tender from the Tripura Renewable Energy Development Agency (TREDA), under the Department of Power, Government of Tripura. The contract is for the supply of 633 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) across the state.
The total value of the order stands at Rs.10,76,99,296, which includes a comprehensive five-year Warranty/Guarantee, Annual Maintenance Contract (AMC), and insurance coverage. The project will be delivered on a turnkey basis.
This contract falls under Component B of the PM-KUSUM Scheme launched by the Ministry of New and Renewable Energy, Government of India, which aims to promote solar-powered agricultural solutions. The order has been awarded by a domestic government entity, TREDA. As per the agreement, the timeline for execution will align with the specific terms and conditions laid out in the contract.
Earnings Report
According to its latest financial update, Australian Premium Solar (India) Ltd reported consolidated revenue of Rs.121 crores in Q3 FY25, up from Rs.37 crores in Q3 FY24 — marking a sharp increase of approximately 227 percent year-on-year. Meanwhile, the company’s net profit rose significantly to Rs.11 crores from Rs.2 crores in the same quarter last year, registering a growth of 450 percent.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 44.11 percent and a Return on Equity (ROE) of 35.87 percent. Its Price-to-Earnings (P/E) ratio stands at 34.34, higher than the industry average of 31.73. Furthermore, the company maintains a current ratio of 1.7, a debt-to-equity ratio of 0.11, and an Earnings Per Share (EPS) of Rs.13.19.
About company
Australian Premium Solar (India) Limited is a solar energy equipment supplier, headquartered in Sabarkantha, Gujarat. The company specialises in manufacturing both Monocrystalline and Polycrystalline Solar Panels as part of its Photovoltaic Module (PV) portfolio.
Written by – Siddesh S Raskar
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