The shares of solar panel manufacturers gained up to 3.4 percent after the company bagged a prestigious purchase order from a domestic client for Rs 91.08 crore.
With a market capitalization of Rs 896.49 crore, the shares of Australian Premium Solar (India) Ltd were trading at Rs 454.15 per share, decreasing around 0.91 percent as compared to the previous closing price of Rs 458 apiece.
Reason for rise
The shares of the company have seen positive movement after Australian Premium Solar (India) Ltd bagged a prestigious purchase order from a domestic client for the supply of APS Solar Panels, APS-Solar Inverters, and APS-Solar PV Modules worth Rs 91.08 crore.
Financial condition
Analyzing the company’s financial performance, revenue zoomed by 102 percent from Rs 81 crore in H1FY24 to Rs 164 crore in H1FY25 but during the same time, net profit stretched by 333 percent from Rs 3 crore to Rs 13 crore.
Capacity
The company currently operates a 600 MW manufacturing facility in Tajpur, Gujarat, with plans to expand further, signaling its commitment to increasing capacity and meeting growing demand in the sector.
Market Segments
APS is a leading player in rooftop solar, leveraging experience from Australia, where penetration exceeds 30%. Active since 2018, it dominates Gujarat, India’s top rooftop market. With government plans to install 1 crore rooftop systems by 2027, APS anticipates immense growth potential.
In solar pumps, the market is projected to grow from ₹0.5 billion (2022) to ₹2.7 billion (2032). APS operates in Gujarat, Maharashtra, Rajasthan, and Jharkhand, focusing on cash flow management. Expanding its distribution network, APS targets key states as India aims for 500 GW renewable capacity by 2030.
Also read….
Capacity Utilization
The company expanded its workforce from 150 in December 2023 to 351, acquired 10,000 sq. meters for factory expansion targeting an 800 MW capacity increase, and operates at 70-75% capacity utilization with two 10-hour shifts, supporting its ongoing business growth.
Capital expenditure
The estimated capital expenditure for the new 400 MW facility is ₹40 crores. Future expansions are expected to require lower investment as shared machinery will reduce costs, optimizing resource utilization and enhancing efficiency for subsequent developments.
Company Profile
Australian Premium Solar (India) Limited manufactures monocrystalline and polycrystalline solar panel models and provides engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial applications.
Written by Abhishek Singh
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. Dailyraven Technologies 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.
