The shares of a Micro-Cap company, specializing in providing a wide range of contracting-based services in the field of Electrical, Mechanical, and Instrumentation Engineering, hit a 5 percent upper circuit upon receiving a work order from Nyati Engineering & Construction Private Ltd worth Rs. 6.25 crores.
With a market capitalization of Rs. 287.06 crores on Thursday, the shares of Power and Instrumentation (Gujarat) Ltd hit a 5 percent upper circuit, making a high of Rs. 166.00 per share compared to its open price of Rs. 158.10 per share.
Power and Instrumentation (Gujarat) Ltd, engaged in providing a wide range of contracting-based services in the field of Electrical, Mechanical, and Instrumentation Engineering, has received a domestic work order from Nyati Engineering & Construction Private Limited worth Rs. 6.25 crores.
The contract involves the design, supply, installation, testing, commissioning, and client handover of the power supply system electrical work at Udaipur Air Terminal, Rajasthan, and the entire project is to be completed within six months from the effective date of the contract.
Overview Of India’s Power Landscape
India is the world’s third-largest producer and consumer of electricity, with an installed capacity of 466.24 GW as of January 2025. Renewable energy has seen rapid growth, rising from 75,519 MW in 2014 to 1,95,013 MW in June 2024, with solar power accounting for over half of the renewable capacity. Notably, India launched its first battery storage and solar power project, ‘Suryagram-Modhera,’ in Gujarat, providing round-the-clock renewable energy.
Financials & others
The company’s total revenue rose by 38 percent from Rs. 39.91 crore to Rs. 55.39 crore in Q4FY24-25. Meanwhile, Net Profit rose from Rs. 2.68 crore to Rs. 2.81 crore during the same period.
The company’s P/E ratio of 23.49 is lower than the industry average of 31.14, and its PEG ratio of 0.53 indicates potential undervaluation. With a low debt-to-equity ratio of 0.17 and an average 3-year net profit growth of 26.93 percent, the company shows strong financial health and consistent profitability.
Power & Instrumentation (Gujarat) Ltd., founded in 1975, is a leading electrical contracting company specializing in comprehensive EPC solutions. With expertise in designing, installing, and maintaining power systems, the company has completed over 35 airport projects, electrified 100,000+ BPL households, and laid 20,000+ km of power lines.
Serving industrial, commercial, and government clients, PIGL is known for quality and timely project execution. As of now, the company has contracts worth ₹535 crore, with ₹136.25 crore already executed and ₹400 crore worth of work remaining.
The company is trusted by top industry leaders and serves marquee clients such as BDL, ONGC, Indian Oil, Bharat Petroleum, Godrej, Cadbury, LIC, Western Railway, HAL, BSNL, and Ambuja Cement, among others.
Written by Sridhar J
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