Synopsis:
Agni Green Power jumped sharply after it received an order worth Rs 4.24 crore for designing, supplying, installing, commissioning, and maintaining a grid-connected rooftop solar power plant from a Tamil Nadu entity.
The shares of the solar solutions provider are in focus after bagging a key order in its favour. In this article, we will discuss more about the details of the order. With a market capitalization of Rs 46 crore, the shares of Agni Green Power Ltd. made a day high of Rs 23.95 per share, up by 8 percent from its previous day closing price of Rs 22.25. In the last one year, the stock has corrected by almost 50 percent.
About the order
Agni Green Power Ltd has just announced an exciting new work order worth Rs. 4.24 crore from Aquasub Engineering Unit V – Foundry, based in Coimbatore, Tamil Nadu.
This order means that Agni will take charge of designing, supplying, installing, commissioning, and maintaining a grid-connected rooftop solar power plant. They expect to wrap up the project within four months from the order date, and the total contract value covers all duties and taxes.
This win showcases Agni Green Power’s growing expertise and solid position in the renewable energy sector, especially in solar power solutions. The company is committed to expanding its portfolio by delivering sustainable and energy-efficient projects throughout India, playing a vital role in the country’s transition to green energy.
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Financial Highlights
The company delivered a revenue of Rs 41.09 crore in FY25, up by 16.50 percent from its FY24 revenue of Rs 35.27 crore. Additionally, its net profit grew by 66 percent to Rs 63 lakh in FY25 as compared to Rs 38 lakh in FY24.
The stock delivered a poor ROE and ROCE of 2.02 percent and 6.94 percent respectively, and is currently trading at a high P/E of 74.26x as compared to its industry P/E of 21.16x.
Agni Green Power Limited is a solar photovoltaic (PV) solutions provider based in India, focusing on comprehensive solar power projects. They take care of everything from design and engineering to supply, installation, commissioning, and maintenance for both standalone and grid-connected PV systems.
Additionally, the company manufactures essential solar components like inverters, controllers, and monitoring systems, while also providing consultancy, procurement, and operational services in the solar energy field.
Written by Satyajeet Mukherjee
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