Solar stock hits 5% upper circuit after securing ₹25 Cr order for supply of solar PV modules

This solar stock, which is in manufacturing and supplying high-quality solar panels, focusing on renewable energy solutions for residential and commercial applications, hit a 5% upper circuit after securing an order worth Rs. 25 crore for the supply of APS Mono Crystalline DCR mono facial solar PV modules.

Stock Price Movement

With a market capitalization of Rs. 854.74 crores, the shares of Australian Premium Solar (India) Limited’s stock hit a 5 percent upper circuit of Rs. 434.50 per share on Tuesday, up from its previous closing price of Rs. 413.85 per share. 

What Happened

Australian Premium Solar (India) Limited has received a purchase order worth Rs. 25.45 crore from a domestic client for the supply of APS Mono Crystalline DCR Mono Facial Solar PV Modules with specifications of 540W (144 Cells), 40mm Frame Size, and 3.2mm Glass Size under the brand “APS.” 

The order is expected to be executed within 4 months from February 4, 2025. This order is expected to enhance the company’s customer base and contribute significantly to its profitability

Previous Orders

On January 24, 2025, Australian Premium Solar (India) Limited secured two domestic purchase orders totaling Rs. 91.08 crore for the supply of APS solar panels, inverters, and PV modules, with execution scheduled by May 2025.

Further, on January 3, 2025, the company received an Rs. 23.18 crore order for 18,000 APS Solar Panels (540 WATT capacity), to be fulfilled within three months.

Additionally, on January 2, 2025, APS announced a Rs. 13.85 crore Letter of Award (LoA) from Tripura Renewable Energy Development Agency (TREDA) for solarizing 500 agricultural pumps under the PM-KUSUM Scheme.

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Management Guidance and Capex

The company’s current EBITA margin is 11.88 percent and is projected to improve to 13-15 percent in the coming years. The solar pump segment is expected to contribute 30-35 percent of revenue this financial year, with margins ranging from 13-14 percent. The company’s estimated capital expenditure for the new 400 MW solar facility is Rs. 40 crores.

Future Outlook

The company is excited about entering the solar cell manufacturing sector within 18–24 months. It also plans to expand into commercial solar installations, focusing on larger systems (100-300 kW).

Recent quarter results

Australian Premium Solar Limited’s revenue has increased from Rs. 81 crore in H1 FY24 to Rs. 164 crore in H1 FY25, which has grown by 102.47 percent. The net profit has also grown by 333.33 percent, from Rs. 3 crore in H1 FY24 to Rs. 13 crore in H1 FY25. 

Written By – Nikhil Naik

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