Synopsis:
Power and Instrumentation (Gujarat) Limited has secured a Rs. 68.22 crore order from AVVNL for developing distribution infrastructure in Dungarpur Circle, Rajasthan, under the RDSS scheme. The project, focused on 11 KV mixed feeder segregation, is set to be completed in 15 months.
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 Ajmer Vidyut Vitran Nigam Limited worth Rs. 68.22 crores.
With a market capitalization of Rs. 308.40 crores on Wednesday, the shares of Power and Instrumentation (Gujarat) Ltd hit a 5 percent upper circuit, making a high of Rs. 175.40 per share compared to its previous close of Rs. 167.05 per share.
What Happened
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 Ajmer Vidyut Vitran Nigam Limited worth Rs. 68.22 crores.
The order involves the supply, erection, installation, testing, and commissioning of equipment for the development of distribution infrastructure to segregate 11 KV mixed feeders in the Dungarpur Circle of Ajmer Discom, Rajasthan, under the RDSS scheme. The project is scheduled for completion within 15 months.
Overview Of India’s Power Landscape
India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 466.24 GW as of January 31, 2025. India’s total installed power generation capacity has increased by approximately 80% over the last decade, reaching 4,46,190 MW (4.46 GW) in June 2024. The installed capacity, which stood at 2,48,554 MW in March 2014, has reached 4,46,190 MW. Additionally, the installed capacity in the renewable sector has surged from 75,519 MW in March 2014 to 1,95,013 MW in June 2024.
Financials & others
The company’s total revenue rose by 62.15 percent from Rs. 25.47 crore to Rs. 41.30 crore in Q1FY25-26. Meanwhile, Net Profit rose from Rs. 1.87 crore to Rs. 2.58 crore during the same period.
The company has shown strong financial performance, with a 25.7% compound annual growth rate (CAGR) in profits over the last 5 years. Key financial metrics include a Return on Capital Employed (ROCE) of 19.8%, Return on Equity (ROE) of 14.5%, a low debt-to-equity ratio of 0.17, and a PEG ratio of 0.42, indicating healthy profitability and efficient growth.
Power & Instrumentation (Gujarat) Ltd. (PIGL), founded in 1975, is a leading player in the electrical contracting industry, offering end-to-end Engineering, Procurement, and Construction (EPC) solutions. Specializing in the transmission and distribution sector, the company provides services ranging from design, supply, installation, to maintenance of energy-efficient power systems.
PIGL has successfully completed over 35 airport projects, electrified 100,000+ BPL households, and laid over 20,000 km of HT & LT lines. The company’s service portfolio includes indoor and outdoor substations, backup power systems, lighting solutions, and building management systems.
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
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
