Solar stock specializing in EPC works of residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and many more jumped upto 8 percent in the day’s trade upon receiving a new work order worth Rs. 37.65 Crores from Bihar Renewable Energy Development Agency(BREDA).
Price Action
With a market capitalization of Rs. 238 Crores, the shares of Trom Industries Limited were trading at Rs. 259 per equity share, up 3.85 percent from its previous day’s close price of Rs. 249.40.
What Happened
Trom Industries Limited one of the leading solar EPC companies specializing in residential solar rooftop systems, industrial solar power plants, and many more has received a new work order from the Bihar Renewable Energy Development Agency (BREDA) for a consideration of Rs. 37.65 Crores.
It involves the empanelment of executing agencies for design, supply, installation, testing, and commissioning with a comprehensive maintenance contract for 5 Years including a remote monitoring system for the Smart Solar Street Light System on the identified existing electric pole in various areas of Bihar State under the “Mukhyamantri Gramin Solar Light Yojana”.
Recent Work Order
Trom Industries Limited recently received a purchase order from Aarvee Denims & Exports Limited, for the Supply, Design, Installation, Testing, and Commissioning of a 1 MW Grid Connected Solar rooftop power Plant for a consideration of ~Rs. 2.85 Crores.
In Addition, it also received a work order from the Bhavnagar Municipal Corporation to Supply and Erect LED street Lighting for a consideration of Rs. 1.38 Crores marking a significant step towards business growth and expansion.
About the Company
Trom Industries Limited is a solar EPC company specializing in residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar streetlights.
Trom Industries Limited’s product portfolio includes Solar street lights, solar freezers, off-grid solar systems, solar home lights, solar water purifiers, solar water pumps, AC LED street lights, and AC LED floodlights.
Financials and Ratios
Its revenue from operations grew by 99 percent from Rs. 23.27 Crores in H1FY24 to Rs. 46.24 Crores in H1FY25, accompanied by profits of Rs. 1.98 Crores to Rs. 4.13 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 16.95 percent, and a Return on capital employed (ROCE) of 22.61 percent. It has reported a debt-to-equity ratio of 0.08.
Written by: Bharath K.S
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