The shares of the consultancy service provider in the power sector hit 5 percent upper circuit after the company bagged a prestigious work order from POWERGRID Energy Services Limited for Rs 5.74 crore.
With a market capitalization of Rs 103.18 crore, the shares of Sharika Enterprises Ltd were trading at Rs 23.83 per share, increasing around 4.98 percent as compared to the previous closing price of Rs 22.70 apiece.
Reason for rise
The shares of the company have seen positive movement after Sharika Enterprises Ltd bagged a prestigious work order from POWERGRID Energy Services Limited, a wholly owned subsidiary of Power Grid Corporation of India for the Supply & Installation of Rooftop Solar Systems on Govt. buildings in Ladakh/Rajasthan and on POWERGRID’s building in Northern Region (NR) under PM Surya Ghar-Mufti Bijli Yojna for a consideration of Rs. 5.74 crore.
Financial Performance
Looking forward to the company’s financial performance, revenue increased by 1 percent from Rs 11.57 crore in Q2FY24 to Rs 24.46 crore in Q2Y25. During the same period, net loss zoomed from Rs 1.89 crore to Rs 3.11 crore.
Expertise
The company specializes in marketing consultancy for foreign principals in large power projects, technical expertise in cable solutions, transmission and distribution systems, project management consultancy, project execution services, and the introduction of smart grid technologies to enhance efficiency in the power sector.
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Clientele
The company’s clientele includes major players like NHPC, NTPC, REC, Power Grid, THDC, NDPL, Reliance Energy, Tata Power, ABB, Alstom, BHEL, Larsen & Toubro, Siemens, Voltas, and IRCTC, showcasing a strong presence across power, infrastructure, and energy sectors.
Shareholding Pattern
As of the September 2024 shareholding pattern, Sharika Enterprises Limited is primarily held by the promoters at 55.16 percent, foreign institutional investors hold 0 percent, and the public at 44.83 percent.
Company profile
Sharika Enterprises Ltd specializes in EPC contracts, assembly, and trading for power generation, transmission, and distribution. It installs EHV cables, EMS, and solar plants, offers automation equipment like auto-reclosers and FPIs, and trades LED lights, cables, and power. capacitors, switchgears, and cast resin transformers.
Written by Abhishek Singh
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