However, more than three-fourths of income from government contracts under PM-Kusum Scheme. In addition, the time taken to collect extraordinary sale of more, with, in turn, increases to the company Capital work requirements.
While IPO value appears to be cheaper than peers, the above factors are given, investors can wait and track the company’s performance after the list.
Included in 2003, the company produced solar-powered electric pumps, electric motor and solar modules. It has two carnal, haryana production facilities. The company exported products to 22 countries including Australia, Bangladesh, Cyprus and Dubai. However, the proportion of the exports of income has decreased by 3.7% of nine months until December 2024 from 10.9% of FY22. Until December 31, 2024, the company kills 38,132 solar pumping pumps system directly under the PM-Kusum scheme in the states. The direct and indirect contribution of income plot increases in 87.3% of nine months through December 2024 compared to 55.3% of FY22. Its network grows 925 distributors on December 31, 2024 from 473 discussions on March 31, 2022.
The income grows 45% per year to ₹ 758.6 crore in FY24 from ₹ 360.4 crore in FY22 while net profits increases ₹ 97.7 crore from ₹ 97.9 crore from ₹ 16.9 crore. For nine months period ended December 2024, the company’s income and net profit stands at ₹ 1,065.7 crore, each. The margin operating before decreasing and amortization (EBITDA margin) has improved to 30.1% of the nine months ended December 2024 from 10.7% of FY22. Net loan increases up to ₹ 531.5 crore from ₹ 83 crore by similar comparison. It plans to pay 280 crore debt by IPO income. The days of receiving trade are significant increased in 123 days from 40 while working cycle days of rising 142 days from 71 days.
Considering post-Ipo equity and annual net profits for nine months until December 2024, ProcTees with pro-convings (60 for procings
