Rs 3,400 crore order book: Multibagger power generation equipment manufacturer company bags new order worth Rs 19,59,29,752 from Torrent Power

The company's shares have delivered an impressive return of over 150 per cent to their shareholders in just one year.

GE Power India Limited is engaged in the business of engineering, procurement, and construction (EPC) of key equipment for thermal and hydropower plants. It is one of the leading players in the Indian power generation equipment market. The company has announced the significant order received by the company.

GE Power Limited Bags Order from Torrent Power:

GE Power has secured a new project from Torrent Power for the “Repair and services of the steam turbine”. The contract is valued at Rs 19,59,29,752 plus GST 18% and is set for a period of 89 days.

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Shareholding Pattern of GE Power Limited

In March 2024, the promoters' stake stood at 68.58 per cent while FIIs held 0.25 per cent in which increased from 0.11 per cent. The DIIs stake stood at around 3.50 per cent as per the recent update.

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Share Performance and Financial Performance of GE Power Limited

On Friday, the company's stock is trading at around Rs 334.55 per share, with a market capitalisation of Rs 2249 crore. Additionally, the stock has delivered a multibagger return of around 152 per cent in the past 1 year.

As per the Quarterly Results in Q4 FY24 GE Power Limited reported revenue of Rs 456 crore, representing a year-on-year de-growth of 14.35 per cent from Rs 532.66 crore last year. The company posted an operating loss of Rs 14.57 crore, compared to a loss of Rs 12.45 crore in the same quarter last year. The company’s net profit stood at Rs 0.37 crore in the Q4 FY24.

Investors must keep this Small-Cap multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.