Shares of this micro-cap solar EPC stock surges nearly 13 percent after the company secured a work order from Ahmedabad Municipal Corporation to construct Grid Tied 1 MWP Rooftop Solar System.
Price Movement
During Thursday’s trading session, Trom Industries Ltd reached an intra-day high of Rs.192.80 per share, rising 12.8 percent from its previous close of Rs.171.00 each. However, the stock has retreated since then and currently trading at Rs.186.35 apiece.
Solar Work Order
M/s. Trom Industries Limited has secured a significant work order from M/s. Ahmedabad Municipal Corporation for the design, supply, installation, testing, and commissioning of a 1 MWp grid-tied rooftop solar system. The system will be installed at various religious places across Ahmedabad and will also feature a remote monitoring system for enhanced operational oversight.
This domestic contract, valued at Rs.3,64,00,000.00 (including GST), is expected to be completed within 90 days from the handover of the project location. The order reflects Trom Industries’ growing presence in the renewable energy sector and its capability to deliver large-scale solar energy solutions.
Product Range
Trom Industries Limited provides a comprehensive range of solar energy products and services. Their offerings include solar rooftop installations for both industrial and residential sectors, ground-mounted solar power plants, and solar street lighting solutions. Additionally, the company is involved in trading inverters, solar panels, and other key components essential for solar energy systems.
Earnings Report
According to its latest financial update, Trom Industries Ltd reported consolidated revenue of Rs.46.24 crores in Q3 FY25, reflecting a 98 percent rise from Rs.23.27 crores in Q3 FY24. Additionally, the company’s net profit surged exceptionally by 108 percent to Rs.4.13 crores, compared to Rs.1.98 crores during the same quarter of the previous year.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 22.61 percent and a Return on Equity (ROE) of 16.95 percent. Its Price-to-Earnings (P/E) ratio stands at 27.45, lower than the industry average of 31.73. Furthermore, the company maintains a current ratio of 4.21, a debt-to-equity ratio of 0.08, and an Earnings Per Share (EPS) of Rs.6.23.
Written by – Siddesh S Raskar
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