A leading solar company’s stock surged by 6 percent following the announcement of a significant contract win. The company has secured a Rs.3.35 crore agreement with Hermes Technologies Private Limited to supply and implement a 1 GW solar photovoltaic (PV) plant. This contract underscores the company’s growing footprint in the renewable energy sector and its commitment to delivering large-scale clean energy solutions.
During Wednesday’s trading session, the shares of Trom Industries Ltd reached an intraday high of Rs.121.55 per share, rising 6 percent from the previous close of Rs.114.65 per share. The shares have retreated from the peak and are trading at Rs.115.80 apiece.
Contract Specifications
Trom Industries Limited has received a purchase order from Hermes Technologies Private Limited for the supply, installation, testing, and commissioning of a 1 MW grid-connected ground-mounted solar PV plant.
The contract is awarded by a domestic entity and is purely a domestic order. The order value stands at Rs.3.36 crores, inclusive of GST, with the supply and execution expected to be completed within the current financial year.
Trom Industries Limited provides a comprehensive range of solar energy products and services. Their offerings include solar rooftop installations for both industrial and residential sectors, ground-mounted solar power plants, and solar street lighting solutions. Additionally, the company is involved in trading inverters, solar panels, and other key components essential for solar energy systems.
Financial Performance
According to its latest financial results, Trom Industries Ltd reported consolidated revenue of Rs.47.08 crores in H2 FY25, representing a robust growth of approximately 51.5 percent compared to Rs.31.08 crores in H2 FY24. The revenue also saw a modest increase of 1.8 percent from Rs.46.24 crores recorded in H1 FY25.
However, the company’s net profit declined sharply to Rs.0.48 crores in H2 FY25, down by around 87.1 percent from Rs.3.71 crores in H2 FY24. This also reflects a significant drop of about 88.4 percent compared to the Rs.4.13 crores reported in H1 FY25.
The company has a Return on Capital Employed (ROCE) of 11.92 percent and a Return on Equity (ROE) of 9.87 percent. Its Price-to-Earnings (P/E) ratio stands at 22.84, lower than the industry average of 31.14. Furthermore, the company maintains a current ratio of 4.04, a debt-to-equity ratio of 0.31, and an Earnings Per Share (EPS) of Rs.5.02.
Written by – Siddesh S Raskar
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