The shares of a Micro-Cap company, specializing in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, jumped upto 5 percent upon receiving a Letter of Intent from Bihar State Power Generation Company Limited.
With a market capitalization of Rs. 677.06 crores on Tuesday, the shares of Prostarm Info Systems Ltd rose by upto 5 percent, making a high of Rs. 118.90 per share compared to its previous closing price of Rs. 113.20 per share.
Prostarm Info Systems Ltd, engaged in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, has received a Letter of Intent from Bihar State Power Generation Company Limited
The domestic order intends to set up a 30MW/120 MWh standalone Battery Energy Storage System (BESS) at various grid substations in Bihar. The project will operate under a 12-year Build, Own, Operate & Transfer (BOOT) model with Viability Gap Funding support, generating an annual rental income of Rs. 15.98 crore. The project is to be commissioned within 18 months from the effective date of the agreement.
Financials & Others
The company’s revenue rose by 12.1 percent from Rs. 230 crore in March 2023 to Rs. 258 crore in March 2024. Meanwhile, Net profit rose from Rs. 19 crore to Rs. 23 crore during the same period.
The company has a strong Return on Capital Employed (ROCE) of 33.4% and Return on Equity (ROE) of 32.3%, and a debt-to-equity ratio of 0.50, and has a P/E of 28.4 compared to the industry average P/E of 44.7, suggesting it may be relatively undervalued compared to its peers.
Prostarm Info Systems Ltd, headquartered in Navi Mumbai and founded in 2008, specializes in the design, manufacturing, assembly, sale, and servicing of energy storage and power conditioning equipment in India.
The company serves a diverse clientele, including banks, corporations, hospitals, educational institutions, and infrastructure sectors. Prostarm also undertakes rooftop solar projects on an EPC basis and provides value-added services like installation, rentals, and annual maintenance contracts
Its product portfolio includes UPS systems, inverters, solar hybrid inverters, lithium-ion battery packs, servo-controlled voltage stabilizers, and isolation transformers, catering to both customized and standard requirements.
Prostarm Info Systems Ltd has recently launched its IPO from May 27 to May 29, 2025, with a price band of Rs. 95–105 per share and a lot size of 142 shares. The IPO was a fresh issue of 1.6 crore equity. The IPO saw strong demand, being subscribed almost 97 times, and had a grey market premium (GMP) of around Rs.12 per share before listing.
On June 3, 2025, the stock made a strong debut, listing at Rs. 125 on the BSE (a 19% premium) and Rs. 120 on the NSE (a 14% premium) over its issue price of Rs. 105, delivering significant listing gains to investors. The minimum investment for retail investors was Rs. 14,910, and the IPO received a strong response across investor categories. The funds raised are aimed at supporting working capital, reducing debt, and furthering the company’s growth plans.
Written by Sridhar J
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