Websol Energy Leads with 61,900% Sales Growth: Highlights from Top 4 Companies

1) Websol Energy System Limited

• Business Overview – Websol Energy System Limited, established in 1990 and based in Falta SEZ, is an Indian manufacturer of photovoltaic crystalline solar cells and modules. The company provides high-quality products for commercial and industrial applications both domestically and internationally. Notable clients include Rayzon Green Energies and Goldi Solar Pvt Ltd. Websol’s manufacturing facility in Falta SEZ has a production capacity of 240 MW for solar cells and a fully automated module line with a capacity of 250 MW.
• Recent Filings – The company reported outstanding results for Q1FY25, with net sales increasing multifold by 61,900% year-over-year, rising from INR 0.18 crore in June 2023 to INR 111.60 crore in June 2024. Additionally, the quarterly net profit surged by 557%, growing from INR 5 crore in June 2023 to INR 22.88 crore in June 2024.
• Future Outlook –
  • The company is in the process of installing a new 550 MW module line, which is expected to begin commercial operations soon.
  • The company has attracted interest from several foreign buyers and is considering incorporating exports into its portfolio to expand its geographical footprint.
• 2Y Price Chart –

2) Arrow Greentech Limited

• Business Overview – Arrow Greentech Limited (AGL) is India’s largest manufacturer of water-soluble films, including mouth-dissolving strips. The company also provides security products and intellectual property services. Its revenue comes from water-soluble films (21%), anti-counterfeit products (63%), consulting (2%), biodegradable resins (10%), and other businesses (3%). AGL primarily serves the domestic market (91%) with applications in eco-friendly packaging, industrial consumables, printing, laundry bags, and protective packaging. Established in 1992, AGL is committed to innovation and sustainability, offering high-quality solutions across various industries.
• Recent Filings – Arrow Greentech Limited, a SME, has recently reported impressive financial results. For the quarter ending June 2024, the company’s sales increased by 50% year-over-year, rising from INR 44 crore in June 2023 to INR 66 crore in June 2024. Similarly, net profit saw a significant increase, growing 2.2 times from INR 9 crore to INR 20 crore. On a quarter-over-quarter basis, sales were up by 29%, while net profit doubled.
• Recent Update –
  • On May 15, 2024, the company received a significant patent grant in India for their innovative “Process for Making Medicated Bands.” This patent covers the technology that enables the application of multiple medications simultaneously through a single band, enhancing wound treatment efficacy. The patent also includes coverage for the bands produced using this process.
• 2Y Price Chart –

3) Valiant Communications Limited

• Business Overview – Valiant Communications Ltd, incorporated in 1993, is a leading manufacturer of communication, transmission, protection, synchronization, and cyber security equipment, with installations in over 110 countries. Certified with multiple ISO standards, Valiant offers a comprehensive range of solutions for utility applications, including power utilities, oil & gas, railways, airport communications, mobile backhaul, corporate, and defense sectors. With a robust product portfolio featuring IP/MPLS Routers, Tele-protection, Phasor Measurement Units, and advanced cyber security solutions, Valiant caters to prestigious clients like ABB, Siemens, and Schneider-Electric. The company reported a significant order book of ₹3,600+ lakhs for FY23, with notable partnerships and projects across the globe.
• Recent Filings – In Q1FY25, company’s sales are up by 41% YoY from INR 9.7 Cr in Jun-23 to INR 13.7 Cr in Jun-24. Similarly, Net Profit up 3.5x from INR 0.9 Cr to INR 3.1 Cr. On a QoQ basis, Sales up 3% and Net Profit up 25%.
• Future Outlook –
  • •The collaboration with Tejas Networks Ltd., a Tata Group company, for joint bids with Gujarat Energy Transmission Corporation (GETCO) projects, is expected to generate significant orders exceeding ₹6,600 lakhs, enhancing revenue streams and solidifying market presence under the “Make-in-India” initiative.
  • •Successful execution of pilot orders for the Grid Controller of India and ONGC underscores the company’s growing footprint in the cyber security sector, with additional participation in tenders for government organizations, potentially expanding market share.
• 3Y Price Chart –

4) Shakti Pumps Limited

• Business Overview – Company is involved in the manufacturing of energy-efficient pumps and motors. Its latest series of new advanced solar energy-operated pumps has emerged as a prestigious brand in domestic and international markets. These pumps are used for a variety of purposes including cutting and grinding, fire-fighting, managing sewage, and heating and cooling systems. 67% of revenue is generated from government projects, 24% from exports and 9% from others.
• Recent Filings – Received a Letter of Intent from the Department of Agriculture, Uttar Pradesh, for 12,537 pumps under the PM-KUSUM scheme (Phase-III). The order, valued at approximately Rs. 558.16 Crores (inclusive of GST), is to be completed by 31st March 2025 in phases
• Future Outlook –
  • Company has Secured contract worth $35.3 (INR 295 Cr) million from Government of Uganda for supplying solar-powered water pumping.
  • Company is part of the International Solar Alliance (ISA) which has aggregated demand for more than 2,70,000 solar pumps across 22 countries.
  • Company’s board has approved investments of INR 114 Cr in Shakti EV Mobility, its wholly-owned subsidiary engaged in the manufacturing and sale of EV motors and other items.
• 1Y Price Chart –

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