100% returns from 52-week low: Solar pumps company to raise funds via QIP or other methods!
DSIJ Intelligence-1 / 26 Aug 2025/ Categories: Multibaggers, Trending
The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 66.47 per share.
A meeting of the Board of Directors of Ravindra Energy Limited will be held on Friday, August 29, 2025, to consider several key proposals. The board will evaluate a plan to raise funds by issuing equity shares or other securities through a multibagger-pharma-penny-stock-at-rs-12-per-share-plans-rs-80-crore-qip-to-fund-agro-pharma-research-laboratory-board-is-likely-to-announce-11-bonus-share-110-stock-split-id003-51809">Qualified Institutional Placement (QIP) or other methods. This is subject to the approval of shareholders at the upcoming 45th Annual General Meeting and other necessary regulatory bodies. The meeting will also include proposals for the alteration of the company's Memorandum of Association (MOA) to revise the authorised share capital clause and the consideration and adoption of a revised Board of Directors Report and notice for the Annual General Meeting.
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Incorporated in 1980, Ravindra Energy Ltd is engaged in the solar energy sector, specialising in the sale of solar pumps, and the setup, generation, and sale of power from both ground-mount and rooftop solar plants. The company holds accreditations from the Ministry of New and Renewable Energy as an Empanelled Supplier of Solar Water Pumps and a Roof Channel Partner, which allows it to provide customers with the full range of government subsidies for solar systems. The company has undertaken various projects across Karnataka, Maharashtra, and Rajasthan, including the installation of Solar Photovoltaic (PV) Power Pumping Systems, Roof Top Solar Projects, and Ground-Mount Solar Power Projects.
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In Q1FY26, the company reported net sales of Rs 163 crore and net profit of Rs 23 crore while in FY25, the company reported net sales of Rs 250 crore and net profit of Rs 22 crore. The company has a market cap of over Rs 2,500 and debtor days have improved from 129 to 24.8 days. The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 66.47 per share.
Disclaimer: The article is for informational purposes only and not investment advice.