Diamond Power Infrastructure stock surges 5% after receiving order from Adani Green Energy

Synopsis: The shares of the company  after facing sell-off for the whole week, opened today with strong buy momentum as the company reported an order receipt of Rs. 747.64 crore.

The shares of this company engaged in the business of manufacturing of transmission & distribution of power products & services in India is in focus after order receipt from Adani green energy.

With the market capitalization of Rs. 7,643.72 crore, Diamond Power Infrastructure Ltd’s shares on Friday made a day high of Rs. 150.10 per share, up around 5 percent from its previous day’s close price of Rs. 143.05 per share. The shares have given a return of 5,302 percent over a period of five years.

Significant order:

The company has received a domestic work order worth Rs. 747.64 crore from Adani Green Energy Limited for supply of 33KV HV Cables 2,126 kms & 3.3KV Solar MV Cables 3,539 Kms for Khavda and Rajasthan Project, and the order has to be executed in time frame of January 2026 to December 2026.The PO has been awarded on “Kms rate basis with present value formulae “

The product portfolio of the company consisting of Cable segment products involve 1.1KV Cables, 1.9/3.3KV Cables, 11KV / 22KV Cables, 33KV Cables &220 KV and Conductor segment consists of Rods, 37 Strand Conductors, AL 59 61 Strand Conductors & ACSR 61 Strand Conductors

About the company

Diamond Power Infrastructure Limited is a prominent integrated manufacturer of power transmission equipment in India, recognised as the nation’s largest single location producer of power cables and conductors. Their comprehensive product portfolio includes high-voltage cables, conductors, and robust transmission towers, all vital for India’s energy infrastructure. 

Financial highlights, the revenue from operations grew by 75 percent to Rs. 438 crore in Q2 FY26 from Rs. 250 crore in Q2 FY25. EBDIT grew by 252 percent to Rs.45.9 crore in Q2 FY26 from Rs.13 crore in Q2 FY25. Accompanied by growth in net profit by 593 percent YoY to Rs. 27.7 crore in Q2 FY26 and EPS growth of 562 percent to Rs.0.53 per share YoY in Q2 FY26.

The company’s ownership has seen a dramatic shift: the promoters now hold a commanding 84 percent of the stock , up from 11.41 percent in Q2 FY24. Public investors, including domestic institutions (DIIs), have significantly reduced their stake to 14.45 percent and 0.10 percent, while foreign institutional investors (FIIs) have slightly increased their slice to 1.42 percent .

Written by Gourav Pratap Singh

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