Solarium Green Energy Shares Rise After Securing ₹3.06 Crore Order from BSF Jammu
Stock Gains After Winning Solar Power Plant Project
Shares of Solarium Green Energy Limited, a micro-cap company specializing in solar panel installations and turnkey renewable energy projects, saw an uptick of nearly 2% after the company secured a ₹3.06 crore order from BSF Jammu. This order involves setting up an off-grid solar power plant at 10 Border Outposts (BOPs) under FTR HQ BSF Jammu.
With a market capitalization of ₹494.14 crore, Solarium Green Energy’s stock price hit an intraday high of ₹243 per share, a 1.95% jump from the previous day’s close of ₹238.35. However, it later saw a slight correction, currently trading at ₹237 per share.
Solarium Green Energy: Order Details & Business Impact
The latest order strengthens Solarium Green Energy’s order book, which as of December 31, 2024, stood at ₹1,850.72 crore, covering 39 projects. This highlights the company’s growing footprint in India’s renewable energy sector.
Project Scope & Execution
The BSF Jammu project, valued at ₹3.06 crore, includes:
- Designing, supplying, installing, testing, and commissioning a 25 KWP off-grid solar power plant.
- Setting up alternative lighting systems.
- Constructing RCC structures for control rooms and paved areas.
- Completion timeline: 12 months, starting 10 days after the acceptance letter.
This project is expected to expand the company’s customer base, improve its financials, and enhance its credibility in the renewable energy market.
Solarium Green Energy: Strong Regional Presence & Service Portfolio
Solarium Green Energy operates across 10 states in India, including:
- North India: Delhi, Haryana, Punjab, Jammu & Kashmir
- West India: Gujarat, Rajasthan, Maharashtra
- Central India: Madhya Pradesh, Uttar Pradesh
- East India: Odisha
The company provides:
- Solar Panel Installations – Custom solutions for homes & businesses.
- Turnkey Solar Projects – End-to-end project management from design to installation.
- Government Projects – Setting up ground-mounted & rooftop solar systems for public infrastructure.
Having solarized over 18,000 homes and maintaining a 4.7-star customer rating, Solarium Green Energy is a recognized leader in India’s solar industry.
Financial Performance & Growth
Solarium Green Energy has reported strong revenue growth in the past year:
| Metric | Q3 FY24 | Q3 FY25 | Growth |
|---|---|---|---|
| Revenue | ₹99 crore | ₹177 crore | 78.79% |
| Net Profit | ₹2 crore | ₹16 crore | 700% |
This impressive financial performance signals robust business expansion and profitability.
Key Financial Ratios
Below is a snapshot of Solarium Green Energy’s financial and stock market metrics:
| Metric | Value |
|---|---|
| Market Cap | ₹494 Cr. |
| Current Price | ₹237 |
| 52-Week High/Low | ₹286 / ₹202 |
| Stock P/E Ratio | 31.7 |
| Return on Equity (ROE) | 124% |
| Return on Capital Employed (ROCE) | 56.3% |
| Return on Invested Capital (ROIC) | 39.7% |
| Debt to Equity Ratio | 1.51 |
| Promoter Holding | 57.8% |
| Dividend Yield | 0.00% |
| Earnings Per Share (EPS) | ₹52.0 |
| Debt | ₹30.8 Cr. |
| Price-to-Book Value | – |
| Industry P/E | 31.8 |
| Relative Strength Index (RSI) | 48.9 |
| 200 DMA | ₹220 |
These numbers reflect strong profitability, growth potential, and financial stability.
Conclusion
Solarium Green Energy’s recent order from BSF Jammu marks another milestone in its renewable energy expansion. With an expanding order book, strong financials, and a solid market position, the company is set to capitalize on India’s increasing focus on solar energy solutions. Investors should keep an eye on the stock as it continues to grow in the green energy sector.
Q&A: Key Takeaways from the Article
1. Why did Solarium Green Energy’s stock price rise?
The stock jumped nearly 2% after securing a ₹3.06 crore order from BSF Jammu for installing a solar power plant.
2. What does the BSF Jammu order include?
The order involves installing, testing, and commissioning a 25 KWP off-grid solar power plant at 10 Border Outposts.
3. How large is Solarium Green Energy’s order book?
As of December 31, 2024, the company’s order book stands at ₹1,850.72 crore, covering 39 projects.
4. What are the company’s core services?
Solarium Green Energy specializes in:
- Solar panel installations
- Turnkey solar projects
- Government solar infrastructure projects
5. How has Solarium Green Energy’s revenue grown?
The company’s revenue grew by 78.79%, from ₹99 crore (Q3 FY24) to ₹177 crore (Q3 FY25).
6. What is the company’s return on equity (ROE)?
Solarium Green Energy has a high ROE of 124%, indicating strong profitability.
7. What is the promoter holding in the company?
Promoters hold 57.8% of the company’s shares.
8. Is the stock currently undervalued or overvalued?
With a P/E ratio of 31.7, it is close to the industry average (31.8), suggesting fair valuation.
9. Does the company have high debt?
Solarium Green Energy has a Debt-to-Equity ratio of 1.51, which is manageable given its growth.
10. Should investors consider this stock?
With strong financials, an increasing order book, and high profitability, this stock presents an attractive investment opportunity in India’s booming renewable energy sector.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.