Synopsis:
Shares of Ecoboard Industries surged to the 5 percent upper circuit after the company bagged two major work orders worth a combined Rs. 26.9 crore. The contracts from Kaligiri Renewable Energy and Athani Sugars strengthen its position in renewable energy and bio-systems.
A penny stock touched its upper circuit after announcing fresh project wins. Investor sentiment turned positive despite subdued quarterly earnings, with the new orders expected to boost its execution pipeline.
Ecoboard Industries Ltd., with a market capitalization of Rs. 49.70 crore, opened high at Rs. 27.87 against the previous close of Rs. 26.55, marking a 4.96 percent jump, and hitting its 5 percent upper circuit limit.
What’s the News?
The company has been awarded a work order amounting to Rs. 2,250.00 lakh excluding GST from Kaligiri Renewable Energy Private Limited for a 12 TPD CBG Plant – Sulzer based Wet CSTR.
Additionally, it has secured a work order of Rs. 440.00 lakh from Athani Sugars Limited for the design, engineering, supply, fabrication, erection, and successful commissioning of a 150 TPD Ruckert German Pressmud Digestor.
Also Read: Green energy stock jumps 5% after company’s net profit increases 131% YoY
Financial Snapshot
For Q1FY26, the company reported sales of Rs. 1.64 crore, down 9.4 percent quarter-on-quarter from Rs. 1.81 crore and a sharp 71.5 percent decline year-on-year from Rs. 5.76 crore. PBT losses narrowed to Rs. 3.36 crore from Rs. 6.16 crore in the previous quarter, but widened compared to Rs. 1.18 crore loss a year ago. Net loss also stood at Rs. 3.36 crore, improving sequentially from a Rs. 6.16 crore loss but deteriorating from a Rs. 1.17 crore loss in Q1FY25.
About the Company
Ecoboard Industries Ltd. is engaged in the manufacture of particle boards and turnkey implementation of environment-friendly effluent treatment projects under its bio systems division.
The company’s promoters are dedicated to environmental protection, operating in two lines of business: particle boards, made from non-conventional renewable agro residues, and bio systems, involving effluent treatment solutions for distilleries and allied industries. Notably, the company created eco-friendly movie sets for KGF Chapter 2.
Written By Manan Gangwar
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