Sathlokhar Synergys Secures ₹48 Cr Order for Solar Manufacturing Plant, Shares Gain
Introduction
Sathlokhar Synergys E&C Global Limited, a specialized EPC (Engineering, Procurement, and Construction) company, is making headlines after securing a significant civil work order worth ₹48.2 crore. This contract, awarded by VSL Green Power Private Limited, is for the construction of a solar manufacturing plant in Tamil Nadu. Following this announcement, the company’s shares gained nearly 2% in Tuesday’s trading session, reflecting positive investor sentiment.
Stock Performance and Market Reaction
The stock of Sathlokhar Synergys, which has a market capitalization of ₹965.5 crore, surged by nearly 2% to touch an intraday high of ₹429.8 on the NSE, compared to its previous close of ₹421.05. Investors reacted positively to the announcement, recognizing the company’s growing order book and expanding project portfolio.
Details of the New Order
The latest regulatory filings confirm that Sathlokhar Synergys has bagged a ₹48.2 crore civil work contract from VSL Green Power Private Limited, a subsidiary of Vikram Solar Group. The project involves the construction of a solar manufacturing plant at SIPCOT Industrial Growth Centre, Gangaikondan, Tamil Nadu, with an expected completion date of September 2025.
With this new addition, the company’s order book now stands at ₹981.05 crore, with projects scheduled for execution over the next 2 to 12 months. This signals robust revenue visibility and strong business momentum.
About the Awarding Company – VSL Green Power Private Limited
VSL Green Power Private Limited is part of Vikram Solar Group, a key player in India’s solar industry. The company commenced solar PV module manufacturing in 2009 with a modest capacity of 12 MW, which has since expanded to 3.5 GW by March 2024.
Currently, VSL Green Power operates two major manufacturing facilities located in:
- Falta SEZ, Kolkata, West Bengal
- Oragadam, Chennai, Tamil Nadu
The new solar manufacturing plant in Tamil Nadu, awarded to Sathlokhar Synergys, is part of the company’s expansion strategy to enhance solar production capabilities.
Previous Orders Secured by Sathlokhar Synergys
Sathlokhar Synergys has been actively expanding its project portfolio. Some of its recent notable contracts include:
- February 6, 2025: The company secured a ₹40.05 crore EPC turnkey construction project from Muthiah Beverage And Confectionery Private Limited for Reliance Campa Cola Beverage Manufacturing.
These repeated large-scale project wins demonstrate the company’s growing reputation as a preferred EPC contractor in the industry.
Financial Performance and Growth Trajectory
Sathlokhar Synergys has reported impressive financial growth, reflecting its strong execution capabilities and increasing demand for its services.
- Revenue Growth: The company’s revenue surged 208.7% YoY, from ₹46 crore (H1 FY24) to ₹142 crore (H1 FY25).
- Net Profit Growth: Its net profit increased by 300% YoY, rising from ₹4 crore to ₹16 crore.
This substantial growth indicates the company’s strong financial health and ability to scale its operations effectively.
About Sathlokhar Synergys
Founded in 2013, Sathlokhar Synergys E&C Global Limited specializes in EPC turnkey construction and infrastructure projects across various sectors. The company has expertise in:
- Industrial, warehouse, and commercial projects
- Institutional and hospitality developments
- Pharma and hospital projects
- Solar projects and project management consultancy
With a growing client base and an increasing order book, the company is well-positioned for sustained expansion.
Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | ₹965.5 Cr. |
| Current Price | ₹392 |
| High / Low | ₹695 / ₹223 |
| Stock P/E | 36.2 |
| Book Value | ₹62.1 |
| Dividend Yield | 0.00% |
| ROCE (Return on Capital Employed) | 117% |
| ROE (Return on Equity) | 95.4% |
| Face Value | ₹10.0 |
| Promoter Holding | 62.7% |
| Debt to Equity | 0.00 |
| Price to Earning Ratio | 36.2 |
| Pledged Percentage | 0.00% |
| Industry PE | 18.8 |
| Graham Number | ₹428 |
| Intrinsic Value | ₹1,863 |
| RSI (Relative Strength Index) | 37.9 |
| EPS (Earnings Per Share) | ₹131 |
| Number of Equity Shares | 2.41 Cr. |
| PEG Ratio | – |
| DMA 200 (200-day moving average) | ₹391 |
| Free Cash Flow (Last 3 Years) | ₹10.3 Cr. |
| Free Cash Flow (Latest Year) | ₹8.89 Cr. |
Conclusion
Sathlokhar Synergys E&C Global Limited continues to strengthen its market presence with substantial order inflows and robust financial performance. The latest ₹48.2 crore contract from VSL Green Power highlights its expertise in solar infrastructure, a growing sector in India’s renewable energy landscape.
With an order book nearing ₹1,000 crore and a strong financial position, the company is well-poised for further growth in the EPC space. Investors and industry stakeholders will be keenly watching its progress as it executes these large-scale projects in the coming months.
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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.