The shares of power supply solution providers gained up to 5 percent after the company signed an acquisition agreement with Famous Power Limited.
With a market capitalization of Rs 287.59 crore, the shares of Akanksha Power And Infrastructure Ltd were trading at Rs 155 per share, increasing around 0.26 percent as compared to the previous closing price of Rs 154 apiece.
Reason for Rise
The shares of the company have seen positive movement after Akanksha Power And Infrastructure Ltd signed an acquisition agreement to acquire a 52 percent stake in Famous Power Limited. APIL shall expand its business vertical in the renewable energy segment in India & Overseas.
Moreover, Famous Power Ltd executes renewable energy projects, including solar and wind, with Rs 34 Cr orders in hand. It has channel partnerships with Tata Power Solar, Studer, and Amara Raja Energy, and notable projects include a PPA solar project.
Financial analysis
Examining the company’s financial performance, revenue magnified by 27 percent from Rs 19.85 crore in H1FY24 to Rs 25.26 crore in H1FY25, during the same time frame, net profit magnified by 78 percent from Rs 0.82 crore to Rs 1.46 crore.
Expansion Plans
Akanksha Power is actively pursuing growth opportunities, particularly in its Power Quality Segment (PQS). The company has entered into a non-binding memorandum of understanding with a multinational corporation to acquire new product lines and technology, which could enhance its market position and offerings.
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Ratio analysis
The company’s critical ratios show that the return on equity decreased from 18.20 percent in FY22-23 to 5.90 percent in FY23-24, while the return on capital employed decreased from 22.51 percent to 10.68 percent. The net profit margin (NPM) for fiscal year 23-24 is 4.99 percent.
Shareholding pattern
In the company’s recent shareholding pattern, the Promoters of the company own 60.81 percent while Retail shareholders own a 38.99 percent stake in the company and domestic Institutional Investors own a 0.05 percent stake.
Company profile
Akanksha Power and Infrastructure Limited is a company that primarily designs, manufactures, and supplies a range of electrical equipment including power quality solutions like APFC panels, harmonic filters, smart meters, and other metering solutions.
Written by Abhishek Singh
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