The Micro-Cap company, specializing in manufacturing and supplying high-quality electrical switchgear and automation solutions for industrial and commercial applications, is in focus upon receiving a new work order from Vedanta Limited, for Rs. 30 crore.
Price action
With a market capitalization of Rs. 472.87 crores on Wednesday, the shares of S&S Power Switchgear Ltd closed at Rs. 383.15 with a 4.9 percent decline, making a low of Rs. 383.00 compared to its previous closing price of Rs. 402.90 per share.
What Happened
S&S Power Switchgear Ltd’s subsidiary, Hamilton Research & Technology Private Limited (HART), has received a new domestic work order worth Rs. 30 Crore from Vedanta Limited, Jharsuguda.
The order intends to supply and commission Pot Controllers, and this project is one of the largest in HART’s history, with delivery starting this financial year and completion expected within 24 months.
About the Company
S&S Power Switchgear Ltd is a leading manufacturer of high-quality electrical switchgear products, specializing in designing and supplying innovative solutions for industrial and commercial applications.
Product and sector offerings
The company offers a wide range of products including circuit breakers, transformers, and control systems. With a strong focus on safety, reliability, and performance, S&S Power Switchgear caters to various sectors, including power, manufacturing, and infrastructure.
Key Insights
The promoters of the company hold over 65 percent of the shares, showing strong ownership and control. The company maintains a low debt-to-equity ratio of 0.35, indicating it relies less on borrowed funds and has a stable financial position.
Financials
The company’s revenue declined by 16.7 percent from Rs. 47.2 crore to Rs. 39.3 crore in Q3FY24-25. Meanwhile, Net profit declined from a profit of Rs. 2.75 crore to a loss of Rs. 5.28 crore during the same period.
Written by Sridhar J
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