Synopsis:
Solarium Green Energy Ltd is in focus after a NoA from NTPC Vidyut Vyapar Nigam Limited worth Rs. 18.78 crore.
A micro-cap company specialized in integrated solar solutions and turnkey services, is in the spotlight after receiving a Notification of Awards by NTPC Vidyut Vyapar Nigam Limited worth Rs. 18.78 crore.
With the market capitalization of Rs. 691.48 crore, the shares of Solarium Green Energy Ltd is trading at Rs. 331.65, down by 1.62 percent from its previous day’s close price of Rs. 337.10 per equity share
Work Order
Solarium Green Energy Limited has received Notification of Awards (NOAs) totaling approximately Rs. 18.78 crore for Rooftop Solar PV Projects with a combined capacity of 5,996 kW across multiple GAIL sites in India. The orders include:
- GAIL-Raigad, Maharashtra: 5,546 kW (Above 1000 kW category), NOA of Rs. 17.43 crore, to be completed in 180 days.
- GAIL-Kutch, Gujarat: 145 kW (51–200 kW category), NOA of Rs. 42.86 lakh, completion in 90 days.
- GAIL-Auraiya, Uttar Pradesh: 78 kW (51–200 kW category), NOA of Rs. 23.78 lakh, completion in 90 days.
- GAIL-Jajpur, Odisha: 70 kW (51–200 kW category), NOA of Rs. 21.87 lakh, completion for RCC in 90 days and GI in 120 days.
- GAIL-Sundergarh, Odisha: 68 kW (51–200 kW category), NOA of Rs. 21.24 lakh, completion in 90 days.
- GAIL-Varanasi, Uttar Pradesh: 89 kW (51–200 kW category), NOA of Rs. 24.42 lakh, completion in 90 days.
The contracts include supply contracts for plant and equipment, service contracts covering local transportation, inland transit insurance, installation, civil and allied works, and safety provisions, and an O&M contract for five years.
These projects, awarded by NTPC Vidyut Vyapar Nigam Limited under NVVN tender documents, are expected to significantly broaden Solarium Green Energy’s customer base.
Also Read: Tata Group stock jumps after securing multi-crore digital infra project for GSTAT
About the Company & Others
Solarium, founded in 2018 by first-generation entrepreneurs with over 21 years of combined solar experience, is a leading Indian provider of turnkey solar solutions. The company offers end-to-end services including design, engineering, procurement, testing, installation, commissioning, and full-scale operation & maintenance (O&M), along with solar products like PV modules, inverters, and ABT meters.
It serves residential, commercial, industrial, and government clients, specializing in residential rooftop projects, ground-mounted systems, solar trees, solar-wind hybrids, car ports, and energy storage solutions, with capacities ranging from 141 KW to over 100 MW.
A return on equity (ROE) of about 23 percent, a return on capital employed (ROCE) of about 20.1 percent and debt to equity ratio at 0.48 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 37.8x higher as compared to its industry P/E 20.1x.
The company reported revenue of Rs. 148 crore in H2 FY25, up 80.48 percent from Rs. 82 crore in H1 FY25. Operating Profit for H2 FY25 was Rs. 14 crore, increasing 16.67 percent from Rs. 12 crore in H1 FY25.
The company’s Net profit stood at Rs. 11 crore in H2 FY25, up by 37.5 percent from Rs. 8 crore in H1 FY25. Similarly, EPS of the company stood at Rs. 5.30 in H2 FY25, as compared to Rs. 4.91 in H1 FY25
Written by Akshay Sanghavi
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