Business Overview
The company is one of India’s leading manufacturers in the solar tracking and mounting products sector.Its product portfolio includes a broad range of solutions under its solar business segment, comprising Module Mounting Assemblies and Rolled Products, which are primarily used in utility-scale and ground-mounted solar power projects. These products serve as critical structural components for installing solar photovoltaic (PV) modules, ensuring mechanical stability and optimizing the panels’ exposure to sunlight for improved energy efficiency. The company plays a significant role in the domestic market for solar tracking and mounting solutions used in solar tracker systems.
Objects of Issue
- Funding capex for the setting up of certain manufacturing facilities undertaken through investment
- Funding of capex requirements of our Company towards purchase of machinery / equipment
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company
- General corporate purposes
Financial Performance
(Rs. in crores)
| Particulars | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Revenue from Operations | 1,500.20 | 800.79 | 558.54 |
| Profit after Tax | 103.64 | 27.44 | 44.82 |
| Net Worth | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 486.51 | 297.71 | 209.49 |
| Total Assets | 927.67 | 604.39 | 423.34 |
| NAV per share (in ₹) | 21.30 | 12.13 | 9.74 |
| EPS - Basic (in ₹) | 9.22 | 2.44 | 3.99 |
KPIs
EBITDA
13.96%
PAT
6.81%
ROE
43.29%
ROCE
28.65%
Net Debt to Equity
1.93x
- All the data pertains to FY 2024-25.
Shareholding
Promoter
100.00%
Public
0.00%
Management
Frequently Asked Questions
What is PMEA Solar Tech Solutions IPO?
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How to apply PMEA Solar Tech Solutions IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply PMEA Solar Tech Solutions IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply PMEA Solar Tech Solutions IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select PMEA Solar Tech Solutions IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date