DSIJ Mindshare

As of March 31, 2023, PEL held an unexecuted order book worth Rs. 63.90 crore. Subsequently, from April 01, 2023, onward, the company secured an additional order valued at Rs. 4.57 crore

The market cap stands at a robust Rs 114 crore, harmonizing with a modest PE ratio of 13.6x. Adding to this financial symphony is a substantial reserves of Rs 64 crore gracing the balance sheet.

Electric vehicle (EV) volumes surging to 180,000 units, marking an impressive 23 per cent YoY increase. Company's strategic positioning within the EV market has been a catalyst for its success, driven by collaborations with industry leaders such as Ola and TVS. The company's expansion in the EV segment is further underscored by the addition of new customers, including Raptee, Polaris, and Numerus.

Agrawal's strategic positioning in the stock has became the talk of the town, commanding attention with a 2.51 per cent stake, a formidable 6,00,000 shares. Adding to the intrigue, the notable investor Dolly Khanna held 7,51,451 shares, accounting for 3.14 per cent of the company's equity.

The real stunner lies in its one-year performance, where it has notched up multibagger returns, soaring to an astounding 145 per cent