Power stock jumps 4% after receiving order from PepsiCo for supply of LT panels

During Monday’s trading session, the shares of India’s leading manufacturer of non-welded panels surged nearly 4 percent on NSE, after the company announced receiving commercial orders from PepsiCo and Shree Cement.

Price Movement

With a market capitalisation of Rs. 265 crores, the shares of Shivalic Power Control Limited reached an intraday high at Rs. 119.35, up by nearly 4 percent, as against its previous closing price of Rs. 115.1.

The stock hit its 52-week high at Rs. 396.75 on 5th July 2024, and compared to its current price levels, the stock is trading at a discount of nearly 72 percent.

What’s the news

According to the latest regulatory filings with the NSE, Shivalic Power Control Limited has secured two orders from different clients, totalling about Rs. 2.48 crores.

The first order, valued at Rs. 83 lakhs, has been awarded by Shree Cement Limited for LT Panels, with the project expected to be completed by May 2025. The second order, worth Rs. 1.65 crores, has been secured from Pepsico India Holdings Private Limited for the supply of LT Panels, with completion scheduled for June 2025.

Previous Orders

• 31st January: Shivalic Power was awarded with a prestigious order of LT Panels of Rs. 37.5 lakhs from Dalmia, to be executed by mid-May 2025.

• 7th March: The company secured a commercial order worth Rs. 3 crores from GMT Industries Limited for the supply of LT Panels, to be executed by May 2025.

Also read: Bank stock jumps 5% after RBI’s reassurance on its financial stability

Financials

The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 74.2 percent, rising from Rs. 31 crores in H1 FY24 to Rs. 54 crores in H1 FY25.

Likewise, during the same period, the company’s net profit increased from Rs. 3 crores to Rs. 6 crores, representing an impressive growth of around 100 percent YoY.

Expansion Plans

Over the next 5-6 years, Shivalic Power Control Limited aims to achieve a compound annual growth rate (CAGR) of 40-45 percent, using FY24 as the base year.

2026-2028: The company plans to expand its business capacity by establishing assembly points in strategic locations across India. Additionally, it will set up a new manufacturing facility to diversify its product offerings, including CSS, transformers, and sandwich BBT.

2028-2030: Shivalic Power plans to enter global markets by forming strategic partnerships and developing distribution networks in targeted regions such as Africa and the Middle East. During this period, the company also plans to invest in a state-of-the-art R&D facility to promote creativity and innovation.

About the company

Incorporated in 2004, Shivalic Power Control Limited is engaged in the business of manufacturing and sales of a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Duct and LT&HT APFC Panels.

The manufacturing facility is located at Ballabgarh, Haryana, having a production capacity of 10,000 verticals per annum.

Written by Shivani Singh

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