NTPC & MAHAGEN order Rs 12 crore from power company

GE Power India Limited, a key player in the Indian power generation equipment market, has secured significant contracts from NTPC and Maharashtra State Power Generation Company Limited. These contracts involve servicing the generator and supplying reheater rear pendent coils assembly for Unit 3 & 4 Khaperkheda TPS, valued at around Rs 12,07,26,677.

Recently, GE Power India's stock closed at approximately Rs 414.30 per share, with a market capitalization of Rs 2785.23 crore. The stock has shown a remarkable performance, delivering a multibagger return of around 165 percent over the past year.

In Q4 FY24, GE Power India reported revenue of Rs 456 crore, a year-on-year decrease of 14.35 percent from Rs 532.66 crore. The company faced an operating loss of Rs 14.57 crore, slightly higher than the Rs 12.45 crore loss in the same quarter last year. However, the net profit stood at Rs 0.37 crore for Q4 FY24.

The shareholding pattern as of March 2024 shows promoters holding a 68.58 percent stake. FIIs increased their stake from 0.11 percent to 0.25 percent, while DIIs held around 3.50 percent.

Investors should keep an eye on this small-cap multibagger stock, given its recent achievements and potential for future growth.

News by Rahul Yelligetti