In both its quarterly and annual results, the company reported positive numbers. In the financial year 2024, the company order book stands at over Rs 2,600 crore orders including the above order.

The stock's low price-to-earnings (PE) ratio of 4.5x adds another layer of intrigue. A low PE ratio often suggests that the stock might be trading at a discount relative to its earnings potential.

Torrent Power, with a turnover of Rs 25,694 crore (approx. USD 3 billion) is the integrated power utility of the diversified Torrent Group with group revenues of Rs 37,600 crore (approx. USD 4.5 billion) and a market cap of Rs 1,00,000 crore (approx. USD 12 billion). It is one of the largest power companies in India with a presence across the entire power value chain of generation, transmission, and distribution.

Shares of the company grew by more than 40 per cent in the last six months.

Earlier, the company bagged an order worth Rs 40 crore export order.

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The stock has a ROE of 40.50 per cent and a ROCE of 53.10 per cent respectively. The stock gave multibagger returns of 250 per cent in just 1 year whereas BSE Small-cap Index is up by 27 per cent.

On Friday, shares of the company surged by more than 4 per cent and traded at its 52-week high of Rs 247.90. Additionally, the scrip had a spurt in volume by more than 2.19 times.

Talking about the financials, the company has a market cap of over Rs 400 crore. The net sales increased by 160 per cent to Rs 30.98 crore and net profit increased by 346 per cent to Rs 8.88 crore in Q4FY23 compared to Q4FY22. The net sales increased by 69.60 per cent to Rs 58.22 crore and net profit increased by 152 per cent to Rs 6.28 crore in FY23 compared to FY22.

As of June 30, 2023, the company’s order book stood at Rs 10,938 crore which is spread across its three business units- Optical Networking, Global Services, and Digital. The shares of the company saw a spurt in volume by more than 2.22 times on BSE.