Solar stock jumps after receiving ₹375 Cr order for solar power project from Bondada Engineering

Synopsis: Pace Digitek secured a ₹375.73 crore domestic EPC order from Bondada Engineering for BOS works of a 300 MW solar project, including three-year O&M services.

This Solar stock, engaged in manufacturing telecom power systems, fiber optic networks, renewable energy solutions, tower EPC services, and O&M across India and abroad, jumped 1.80 percent after receiving an order worth Rs. 375.73 crore from Bondada Engineering for a solar power project.

With a market capitalization of Rs. 3,813.01 crores, the share of Pace Digitek Limited has reached an intraday high of Rs. 180.50 per equity share, rising nearly 1.80 percent from its previous day’s close price of Rs. 177.30. Since then, the stock has retreated and is currently trading at Rs. 176.65 per equity share. 

Reason Behind the Surge

Pace Digitek Limited has received a significant domestic order worth Rs. 375.73 crore from Bondada Engineering Limited. The order is for Balance of System (BOS) works related to the setting up of a 300 MW AC solar power project. The project will be executed under the Engineering, Procurement, and Construction (EPC) model.

The scope of work includes design, engineering, supply, erection, testing, and commissioning of the solar project, along with operations and maintenance services for three years. The company is required to complete the project within 15 months from the receipt of the letter of award, strengthening its presence in the renewable energy sector.

Order Book

Pace Digitek Limited’s total order book stands at Rs. 9,405 crore, highlighting strong growth momentum across energy and telecom businesses. The energy segment contributes Rs. 5,859 crore, largely driven by major Battery Energy Storage System (BESS) projects and solar EPC orders, while the telecom segment accounts for Rs. 3,546 crore, supported by infrastructure and services projects.

The company’s key energy projects include SECI’s 100 MW/100 MWh and 600 MW/1,200 MWh BESS projects, MSEDCL’s standalone 750 MW/1,500 MWh BESS project, KPTCL’s 250 MW/500 MWh BESS project, and a Mahagenco 200 MW solar EPC project. In telecom, major orders include BSNL’s 4G saturation project, telecom tower EPC works, OFC projects, and ongoing O&M services, strengthening long-term revenue visibility.

Company Overview

Pace Digitek Limited was founded in 2007 and is headquartered in Bengaluru, India. The company specializes in telecom infrastructure solutions across telecom, energy, and ICT sectors. The company manufactures power management systems like SMPS, rectifiers, UPS, inverters, and battery storage, while providing end-to-end services including tower installation, optical fiber network deployment, EPC projects, and O&M for telecom operators.

Recent Quarter Results

Coming into financial highlights, Pace Digitek Limited’s revenue has decreased from Rs. 846 crore in Q2 FY25 to Rs. 533 crore in Q2 FY26, which is a drop of 37 percent. The net profit has also decreased by 33.33 percent from Rs. 102 crore in Q2 FY25 to Rs. 68 crore in Q2 FY26. Pace Digitek Limited’s revenue and net profit have grown at a CAGR of 81.79 percent and 185.41 percent, respectively, over the last three years.

In terms of return ratios, the company’s ROCE and ROE stand at 41.3 percent and 31.4 percent, respectively. Pace Digitek Limited has an earnings per share (EPS) of Rs. 15, and its debt-to-equity ratio is 0.12x.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Solar stock jumps after receiving ₹375 Cr order for solar power project from Bondada Engineering appeared first on Trade Brains.