Microcap stock engaged in offering end-to-end gas distribution solutions, including management consultancy, project management, and many more hit a 2 percent upper circuit in the day’s trade upon executing a master service agreement with HPCL.
Price Action
With a market capitalization of Rs. 240 Crores, the shares of Positron Energy Limited hit a 2 percent upper circuit in the day’s trade at Rs. 316.20 per equity share, from its previous day’s close price of Rs. 310.
What Happened
Positron Energy Limited has executed a master agreement with HPCL LNG Limited for 5 years to provide regasification services on a spot basis at Chhara LNG Terminal, Gujarat.
It has been informed that HPCL LNG Limited is the owner and operator of an LNG receiving and regasification facilities at Chhara, Gujarat whereas Positron Energy Limited intends to purchase and import LNG into India and has approached HPCL LNG Limited with a request to receive and regasify such LNG at HPLNG’s Facilities.
About the Company
Positron Energy Limited is engaged in the business of offering end-to-end gas distribution solutions, including management consultancy, project management, and operation and management services. It has developed a gas aggregation business focusing on natural gas and utilizes common carrier pipeline networks in the Indian market.
Financials and Ratios
Its revenue from operations grew by 40 percent from Rs. 50 Crores in H1FY24 to Rs. 70 Crores in H1FY25, accompanied by profits of Rs. 2 Crores to Rs. 5 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 22.32 percent, and a Return on capital employed (ROCE) of 17.59 percent. It has reported a debt-to-equity ratio of 0.1.
Written by: Bharath K.S
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