Shares of one of many main photo voltaic producers in India that produce high-quality Monocrystalline and Topcon photo voltaic panels surged practically 3 p.c on NSE at Rs. 543.8 on Friday, after the corporate secured a purchase order order price practically Rs. 23.2 crores for the availability of photo voltaic panels.
At 11:52 a.m., the shares of Australian Premium Photo voltaic (India) Restricted had been buying and selling within the inexperienced at Rs. 536.95, up by practically 1.5 p.c, as towards its earlier closing value of Rs. 529.1, with a market cap of Rs. 1,060 crores.
What’s the Information
As per the newest regulatory filings with the NSE, Australian Premium Photo voltaic (India) Restricted has secured a purchase order order valued at round Rs. 23.18 crores.
The scope of the order consists of the availability of photo voltaic panels, with a complete amount of 18,000 items, having a capability of 540 watts. This order is scheduled to be executed inside a timeframe of three months.
The corporate has disclosed that the acquisition order was secured from a shopper however, on account of privateness agreements and mutual understanding, the shopper’s identify can’t be revealed.
Earlier Order
2nd January 2025: Australian Premium Photo voltaic secured an order price round Rs. 13.85 crores from Tripura Renewable Power Growth Company (TREDA), Division of Energy, Authorities of Tripura.
As per the regulatory filings, the corporate acquired a Letter of Award (LoA) for the solarisation of two HP AC Agricultural Pumps of a complete amount of 500 numbers in Tripura.
The order was below the PM-KUSUM Scheme (Element C) of the Ministry of New & Renewable Power, Authorities of India.
Earlier Information
seventeenth December 2024: Australian Premium Photo voltaic introduced plans for a proposed capital enhance to speed up development within the renewable vitality sector.
As per the filings, the corporate plans to boost its licensed share capital from Rs. 20 crore to Rs. 22 crore, rising licensed fairness shares from 2 crore to 2.20 crore shares at Rs. 10 per share.
The proposed company motion consists of two key issuances: firstly, as much as 3,83,500 fairness shares to non-promoter shareholders at Rs. 527 per share (comprising Rs. 10 face worth and a Rs. 517 premium); and secondly, as much as 94,750 absolutely convertible warrants to promoter shareholders, every convertible into one fairness share on the similar value.
This strategic capital growth is designed to strengthen the corporate’s monetary place and create funding alternatives.
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Financials
Australian Premium Photo voltaic skilled important development in its income from operations, exhibiting a year-on-year rise of 58 p.c from Rs. 95 crores in FY23 to Rs. 150 crores in FY24.
Equally, its web revenue elevated throughout the identical interval from Rs. 3 crores to Rs. 6 crores, indicating a formidable development of round one hundred pc YoY.
In regards to the firm
Established in 2013, Australian Premium Photo voltaic (India) Restricted is engaged within the enterprise of two verticals: manufacturing of photo voltaic modules and EPC companies of rooftop photo voltaic and photo voltaic pumps. Its product vary serves the residential, industrial, industrial, and agricultural sectors, offering each photo voltaic panels and set up companies.
It’s a main indigenous photo voltaic options supplier specializing within the manufacturing of Monocrystalline and Topcon photo voltaic modules. The corporate derives round Rs. 64.03 crores from the manufacturing of photo voltaic modules amounting to 67.71 p.c of whole income.
Although nearly all of the corporate’s income is derived from the manufacturing vertical, it plans to aggressively develop into EPC companies for photo voltaic techniques and the photo voltaic pump sector, as these areas supply greater revenue margins.
Written by Shivani Singh
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