Synopsis:
Solar energy stock is in focus today after the company has received a new solar project worth Rs. 930 crore.
A recently listed small-cap Company that operates as a service provider in power management, optic fiber laying, and energy management solutions in India, Myanmar, and Africa is in the spotlight after receiving a solar project worth Rs. 930 crore.
With the market capitalization of Rs. 4,587.06 crore, the shares of Pace Digitek Ltd is trading at Rs. 212.50, down by 0.38 percent from its previous day’s close price of Rs. 213.32 per equity share, and it has reached a high of Rs. 218.90 in the same trading day up by 2.62 percent from previous day’s close price.
What’s the News?
Pace Digitek Ltd has received a domestic order worth Rs. 929.76 crore from Maharashtra State Power Generation Company Ltd (MSPGCL) for the design, engineering, manufacturing, supply, erection, installation, testing, and commissioning of a 200 MWAC ground-mounted solar power plant, along with associated power evacuation infrastructure and three years of O&M services. The project must be completed within 450 days from the acceptance of the Letter of Award.
Pace Digitek’s current order book (as on Q2 FY26) stands strong with Rs. 9,135 crore including Rs. 5,869 crore in the Energy segment and Rs. 3,266 crore in the Telecom segment, driven by large BOO and EPC projects and energy segment’s order book is projected to reach Rs. 8,000 crore by March 2026, exceeding its market capitalization.
About the Company & Others
Pace Digitek Limited, founded in 2007 and based in Bengaluru, provides power management, optic fiber laying, and energy management services across India, Myanmar, and Africa. Operating through its Telecom, Energy, and Others segments, the company delivers switch mode power supply, hybrid and DC power systems, solar charge controllers, inverters, remote monitoring systems, lithium-ion battery solutions, and battery and power cabinet products, along with warranty, AMC, operations and maintenance, and upgrade services.
With a price range of Rs. 208 to Rs. 219 per equity share, Pace Digitek launched its initial public offering (IPO). The subscription period was open from September 26 to September 30, 2025. On October 6, 2025, the company’s shares went public on the BSE and NSE platform, initially trading for Rs. 225 each. This indicated strong investor interest and represented a listing gain of about 2.74 percent over the upper end of the issue price.
A return on equity (ROE) of about 31.4 percent, a return on capital employed (ROCE) of about 41.3 percent and debt to equity ratio at 0.14 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 19.4x similar as compared to its industry P/E 19.4x.
The company reported revenue of Rs. 533 crore in Q2FY26, declining 37 percent YoY from Rs. 846 crore but rising 45 percent QoQ from Rs. 367 crore, while profit stood at Rs. 68 crore, down 33 percent YoY from Rs. 102 crore and up 24 percent QoQ from Rs. 55 crore, reflecting a mixed performance with strong sequential recovery but continued pressure compared to last year.
Written by Akshay Sanghavi
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