Bhagyanagar India Ltd Solar Penny Stock Soars 16% After ₹245 Cr Order for 53-MW Solar Power Project
In a remarkable rally, shares of Bhagyanagar India Ltd surged 16% on Tuesday after the company secured a massive ₹245 crore order for a 53 MW solar power project. The project, awarded by Maharashtra State Electricity Distribution Company Limited (MSEDCL), falls under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, a government initiative promoting solar energy at the feeder level through the PM-KUSUM scheme.
The bullish momentum in the stock reflects growing investor confidence in Bhagyanagar India Ltd’s expansion into the renewable energy sector. The stock reached an intraday high of ₹88.39 before retreating to ₹83.2, marking a 9% increase over the previous closing price of ₹76.2.
Major Order Boosts Growth Prospects
The newly secured 53 MW solar project comes with a tariff rate of ₹3.09 per kWh, with a ₹1.05 crore per MW subsidy from the Government of India. The company is required to complete the project within 18 months, and the contract will be valid for 25 years post-commissioning.
This project underscores Bhagyanagar India Ltd’s strategic shift towards the solar energy sector, further strengthening its position in India’s renewable energy market.
Impressive Financial Performance
The company’s Q3 FY25 results reflect strong YoY growth, showcasing its financial stability and growth potential.
| Financial Metrics | Q3 FY24 | Q3 FY25 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹334.6 Cr | ₹394.5 Cr | 17.89% |
| Net Profit | ₹2.76 Cr | ₹3.99 Cr | 44.6% |
The steady rise in revenue and net profit suggests that Bhagyanagar India Ltd is effectively leveraging its diverse business segments, including copper products, telecom, real estate, and solar energy.
Previous Solar Project Orders
Prior to this latest win, Bhagyanagar India Ltd secured 11 Letters of Award on February 6, 2025, for a 65.7 MW solar power project in Uttar Pradesh. The ₹230 crore project, awarded by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), involves setting up grid-connected solar power plants.
The company’s growing portfolio of solar energy projects signals its aggressive expansion strategy in the renewable energy sector, aligning with India’s push towards clean and sustainable power.
Stock Performance and Market Position
Bhagyanagar India Ltd has delivered stellar returns to its investors:
✅ 3-Year Return: 87%
✅ 5-Year Return: 335%
Despite recent volatility, the stock has outperformed many in its sector, demonstrating strong investor confidence in the company’s growth potential.
Key Financial Ratios and Market Data
| Parameter | Value |
|---|---|
| Market Cap | ₹255 Cr |
| Current Price | ₹80.2 |
| 52-Week High / Low | ₹129 / ₹71.2 |
| Stock P/E | 21.4 |
| Book Value | ₹62.1 |
| Dividend Yield | 0.00% |
| ROCE (Return on Capital Employed) | 8.06% |
| ROE (Return on Equity) | 6.36% |
| Face Value | ₹2.00 |
| Promoter Holding | 70.5% |
| Debt to Equity Ratio | 1.20 |
| Pledged Percentage | 0.00% |
| QoQ Profits | 6.97% |
| Qtr Profit Variation | 44.6% |
| Industry P/E | 28.6 |
| Graham Number | ₹72.1 |
| Intrinsic Value | ₹77.5 |
| RSI (Relative Strength Index) | 44.4 |
| EPS (Earnings Per Share) | ₹3.72 |
| No. of Equity Shares | 3.20 Cr |
| PEG Ratio | 1.79 |
| DMA 200 | ₹95.2 |
| Free Cash Flow (3Yrs) | ₹80.5 Cr |
| Free Cash Flow | ₹135 Cr |
| Debt | ₹239 Cr |
Company Overview – Bhagyanagar India Ltd
Founded as one of India’s largest copper product manufacturers, Bhagyanagar India Ltd has diversified into telecom, real estate, and solar energy. The company specializes in copper bus bars, wires, rods, foils, sheets, tubes, and pipes, which play a crucial role in the electrical and renewable energy industries.
Future Outlook
With increasing government focus on renewable energy, Bhagyanagar India Ltd is strategically positioning itself as a key player in the solar sector. The company’s strong financials, order book, and diversified business model provide a solid foundation for future growth.
Investors and market analysts will be closely watching the company’s execution of the new 53 MW solar project, as its success could pave the way for further expansion and potential rerating of the stock.
Conclusion
The 16% surge in Bhagyanagar India Ltd’s stock price reflects strong market confidence in its latest ₹245 Cr solar project win. With a growing renewable energy portfolio, strong financials, and an expanding market presence, the company is well-positioned for long-term growth.
For investors looking at the solar energy sector, Bhagyanagar India Ltd presents an attractive opportunity with high growth potential. Keep an eye on this emerging solar powerhouse! 🚀
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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.