EPIC Energy Shares Surge 5% After Securing LoI for 2.4 MWp Solar Power Project
Stock Under ₹50 Gains Momentum with Renewable Energy Deal
Shares of EPIC Energy Ltd, a key player in India’s renewable energy sector, jumped nearly 5% after the company received a Letter of Intent (LoI) for a 2.4 MWp solar power project. The company’s stock showed a bullish trend following this positive development, reflecting investor confidence in its growth potential.
Stock Price Movement
The company with a market capitalization of ₹30.63 crore, saw its share price trade at ₹42.47 per share, marking an increase of 2.80% from the previous close of ₹44.70 apiece.
Why Did The company Shares Rise?
The surge inThe companys stock price was triggered by the company’s announcement that it received a Letter of Intent from a prestigious 275-bed NABH-accredited Oncology and Cancer Care Center in Nashik, Maharashtra. This agreement involves the purchase of 2.4 MWp solar power from The company’s upcoming Solar Park in Solapur, Maharashtra, under the Group Captive Open Access Scheme.
Bharat Mehta, Group Director of The company, expressed his optimism, stating:
“This marks a significant step for The company as we secure our first major client for the upcoming Solar Park in Solapur. We anticipate completing the project by FY26 and are actively pursuing additional clients for the remaining capacity of the solar park.”
Financial Performance Overview
EPIC Energy Ltd has shown a strong financial performance over the past year. The company’s revenue grew by 17%, increasing from ₹0.47 crore in Q3FY24 to ₹0.55 crore in Q3FY25.
Additionally, the company’s net profit surged by 1600%, jumping from ₹0.01 crore to ₹0.17 crore during the same period. This remarkable improvement in profitability indicates that the company is on the right track toward sustainable growth.
Key Financial Ratios of EPIC Energy Ltd
To provide a clearer picture of EPIC Energy’s financial health, here are some of its crucial financial ratios:
| Metric | Value |
|---|---|
| Market Cap | ₹30.6 Cr. |
| Current Price | ₹42.5 |
| High / Low (52W) | ₹148 / ₹5.97 |
| Stock P/E | 33.7 |
| Book Value | ₹10.0 |
| Dividend Yield | 0.00% |
| ROCE (Return on Capital Employed) | 5.03% |
| ROE (Return on Equity) | 5.49% |
| Face Value | ₹10.0 |
| Promoter Holding | 23.3% |
| Price to Book Value | 4.25 |
| Debt to Equity | 0.00 |
| Pledged Percentage | 0.00% |
| Industry P/E | 48.7 |
| Graham Number | ₹16.9 |
| Intrinsic Value | ₹10.1 |
| RSI (Relative Strength Index) | 22.8 |
| EPS (Earnings Per Share) | ₹1.26 |
| No. of Equity Shares | 0.72 Cr. |
| PEG Ratio | -3.18 |
| 200-Day Moving Average | ₹61.9 |
| Free Cash Flow (3Yrs) | ₹0.10 Cr. |
| Free Cash Flow (5Yrs) | ₹-0.28 Cr. |
| Debt | ₹0.00 Cr. |
| Return on Assets | 4.18% |
Company Profile
EPIC Energy Ltd is a pioneer in energy conservation and renewable energy solutions in India. The company offers a wide range of sustainable energy products, including:
- Power savers
- Power conditioners
- Energy-saving EPS
- Remote energy management systems
- Solar water heaters
- Solar lanterns
- Solar streetlights
- Wind energy solutions
By focusing on innovative energy solutions, EPIC Energy is playing a crucial role in reducing carbon footprints and promoting green energy adoption across the country.
Future Outlook for EPIC Energy
EPIC Energy’s latest solar power project marks a significant milestone in its expansion strategy. With an increasing push towards renewable energy adoption in India, the company is well-positioned to capitalize on the growing demand for clean energy solutions.
The completion of the Solapur Solar Park by FY26 and the company’s proactive approach in securing more clients indicate a strong growth trajectory in the coming years.
Frequently Asked Questions (FAQs)
1. Why did EPIC Energy’s stock price increase?
EPIC Energy’s stock price surged after the company received a Letter of Intent (LoI) for a 2.4 MWp solar power project from a reputed Oncology and Cancer Care Center in Nashik, Maharashtra.
2. What is the significance of this solar power project?
The 2.4 MWp solar power project is part of EPIC Energy’s upcoming Solar Park in Solapur, Maharashtra, and will supply power under the Group Captive Open Access Scheme.
3. How has EPIC Energy performed financially?
EPIC Energy reported a 17% increase in revenue and a 1600% rise in net profit from Q3FY24 to Q3FY25, showcasing strong financial growth.
4. What are EPIC Energy’s key financial ratios?
Some important financial metrics include ROCE at 5.03%, ROE at 5.49%, and a debt-to-equity ratio of 0.00, indicating a debt-free status.
5. What does EPIC Energy specialize in?
EPIC Energy specializes in energy conservation and renewable energy solutions, offering products like solar water heaters, power savers, wind energy solutions, and remote energy management systems.
6. What is the future outlook for EPIC Energy?
The company aims to expand its renewable energy projects, secure more clients for its Solar Park, and benefit from the growing demand for clean energy solutions in India.
Conclusion
EPIC Energy Ltd is making strong strides in the renewable energy sector with its latest solar power project in Solapur. The company’s ability to secure key clients, improve financial performance, and operate as a debt-free entity makes it an attractive stock under ₹50 for investors seeking growth in the green energy sector. As the renewable energy market expands, EPIC Energy is well-poised for long-term success.
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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.