Bullish Momentum: Stock Jumps 13% After Bagging ₹725.33 Cr Solar EPC Order
Alex Smith
1 month ago
Synopsis: A small cap stock bagged an EPC order from NTPC Renewable Energy Limited, which is valued at Rs 725.33 Crore. This adds to the company’s already existing Rs 3223 Crore order book, leading to growth.
A small-cap solar stock engaged in providing EPC services for solar power projects, bagged a work order from NTPC Renewable Energy Limited for the development of a 250 MWac grid-connected solar PV project. With a market cap of Rs 2,293 Cr, Solarworld Energy Solutions Ltd saw its stock hit an intraday high of Rs 300.80, which is 13.8 per cent higher than the previous close of Rs 264.15.
Solarworld Energy Solutions Limited announced that the company has secured a major EPC order from NTPC Renewable Energy Limited, a domestic PSU. This order is for the development of a 250 MWac grid-connected solar PV project, and is valued at approximately Rs 725.33 crore. The project covers end-to-end engineering, procurement and construction responsibilities and is scheduled for completion in FY 2026- 27.
This order strengthens Solarworld’s order book and underscores its growing presence in India’s renewable energy EPC segment. As of the latest quarter Q2FY26, the company’s order book stands at Rs 3223 Crore, which is a 90 per cent surge from the closing order book of FY25 (Rs 1700 Cr).
Moreover, in the current fiscal year The Company has successfully commissioned a 1.2 GW G12R solar module manufacturing line, along with expanding its renewable energy footprint with a 3.4 GW Lithium-ion cell to battery pack that is ready for installation, and a 5 GW junction box line under a joint venture. SolarWorld Energy has also begun developing a 1.2 GW solar cell facility, set to be operational by June 2027.
Business & Financial Overview
SolarWorld Energy Solutions Limited, incorporated in 2013 and headquartered in Noida, is a solar energy solutions provider specialising in engineering, procurement, and construction (EPC) services for solar power projects across India.
In the latest quarter, Solarworld Energy Solutions Ltd saw its YoY revenue fall by 4.8 percent, going from Rs 141.94 Cr in Q2FY25 to Rs 137.88 Cr in Q2FY26, while the QoQ went up by 102 percent from Rs 68.24 Cr in Q1FY26. The YoY Net Profits fell by 58 percent, going from Rs 22.27 Cr in Q2FY25 to Rs 9.29 Cr in Q2FY26, while the QoQ fell by 27.9 percent from Rs 12.91 Cr in Q1FY26.
Even though the profits have been dropping lately, the company has a 3 year profit CAGR of 215 per cent, and a 3 year Sales CAGR of 170 per cent. Additionally, Solarworld Energy has a ROCE and ROE of 40 percent.
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