Agni Green Power Review
Multibagger Stock: Through Multibagger Stock you can earn more profits in less time. However, the risk in these stocks is also high. If you are ready to take more risk then you can keep an eye on the shares of Agni Green Power Limited.
Last Friday, the company's shares fell by 2.78 percent and closed at Rs 64.6. With this decline, the market cap of the company has come down to Rs 126 crore. The company has also recently received a new order.
Agni Green Power Limited is in the business of turn-key solar PV power plant projects. It provides EPC and O&M services to clients.
Agni Green Power gets new order
Agni Green Power Limited has won a contract from Subhashree Projects Private Limited to set up a solar power plant in West Bengal.
The project involves design, construction and maintenance of 38 solar power plants with a capacity of 10 kW each for several schools and government buildings across the state.
This initiative is part of the West Bengal Renewable Energy Development Agency (WBREDA) scheme.
The total contract value including taxes and duties is Rs 2.13 crore. This project strengthens Agni Green Power's position in the renewable energy sector and contributes to West Bengal's clean energy goals.
How are the financials of Agni Green Power?
Agni Green Power Ltd has posted strong half yearly results in H1FY24. The company's revenue stood at Rs 14.26 crore with an increase of 206.12 percent on an annual basis.
The operating profit of the company stood at Rs 1.02 crore, which has increased by 28.49 percent on an annual basis, while the PAT of the company stood at Rs 106.23 crore, which has increased by 165.8 percent on an annual basis.
How has been the performance of Agni Green Power shares?
Shares of Agni Green Power Limited have given multibagger returns to its shareholders in the last one year.
During this period the share price of the company increased from Rs 18.40 on May 15, 2023 to Rs 64.60 on May 10, 2024. This means that investors have made a profit of about 250 percent during this period.