Renewable energy stock hits 5% upper circuit after receiving approval for new wastewater treatment plant

The shares of the Renewable Energy company, specializing in providing renewable energy solutions, hit a 5 percent upper circuit upon receiving approval to operate its new BOO wastewater treatment treatment plant at Tarapur.

With a market capitalization of Rs. 328.26 crores on Monday, the shares of Taylormade Renewables Ltd jumped upto 4.02 percent, making a high of Rs. 286.00 per share compared to its previous close of Rs. 272.40 per share.

Taylormade Renewables Limited, through its subsidiary, has received approval from the Gujarat Pollution Control Board to operate its new Build-Own-Operate (BOO) wastewater treatment plant at Tarapur. The plant uses advanced technology to treat some of the most toxic industrial waste streams, already processing over 3,00,000 litres, with plans to expand this volume soon. 

This achievement marks a major step in TRL’s BOO strategy and highlights its commitment to Make in India, with the project fully developed locally. The plant is backed by long-term contracts and is expected to earn Rs. 100 crore in revenue and marks a major milestone in TRL’s BOO strategy, with further expansion planned in Dahej and Sayakha.

Financials & Others 

The company’s revenue rose by 7,290 percent from Rs. 0.22 crore to Rs. 16.26 crore in Q3FY24-25. Meanwhile, Net loss from Rs. 7.37 crore turned to a profit of Rs. 1.95 crore during the same period. 

The company’s P/E ratio of 31.13 is lower than the industry average of 45.01, and it maintains a low debt-to-equity ratio of just 0.22, indicating financial stability. Its average return on capital employed (ROCE) over the last three years is a solid 15.71 percent. Additionally, the company has shown impressive growth, with an average three-year revenue growth of 97.74 percent and net profit growth of 300.78 percent, highlighting strong business performance and profitability.

The company has a strong portfolio of marquee clients, including Jindal Power, Ami Organics, BHEL, Mahindra, CREDA, Interchem, Kreda, ONGC, Ceragem, and Jay Chemicals, reflecting its reputation and credibility across various industries.

Taylormade Renewables Ltd (TRL) is an Indian clean technology company specializing in renewable energy and advanced wastewater treatment solutions. Established in 2010 and they focus on helping industries achieve Zero Liquid Discharge (ZLD) and Net Zero goals through sustainable, high-performance technologies

The company is known for its patented TRL RAIN™ Technology, a nature-inspired distillation process that transforms challenging industrial waste streams into reusable water . TRL also manufactures solar parabolic concentrating systems, used in applications such as steam generation, solar cooking, air-conditioning, space heating, drying, and wastewater evaporation .

Written by Sridhar J 

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