A leading automation solutions provider has made significant progress in delivering innovative products and services. Renowned for its expertise and dedication to quality, the company continues to support industries such as mining, energy, and manufacturing with state-of-the-art technologies.
The company has been awarded an order worth ₹3.82 crore to supply advanced automation products and panels.
Share Price Movement
The share price of Vdeal Systems Limited went down by 1.40 percent to Rs. 141 per share on Thursday, an increase from its previous close of Rs. 143 per share. The market capitalisation now stands at approximately Rs. 68.96 crore as of November 21, 2024.
What Happened
Vdeal System Ltd: Awarded a new order worth 3.82 Cr for the supply of automation products & panels from an Indian multinational mining/aluminum company.
Q2 Financial Highlights
According to its recent filing, in the half-year ending September 2024, Vdeal System’s consolidated revenue from operations has increased by 18 percent YOY from Rs. 7.82 crore in H1 FY24 to Rs. 9.23 crore in H1 FY25.
The company’s consolidated net profit has increased by 20.19. percent, from Rs. 1.04 crore in H1 FY24 to Rs. 1.25 crore in H1 FY25.
Market Outlook
The Indian electrical and automation industry is experiencing significant growth, driven by a market size expected to reach $29.43 billion by 2029. This growth is fueled by several factors, including the need for increased efficiency and productivity, advancements in AI and machine learning, a growing presence of IT and software vendors, and rising exports to APAC and Middle Eastern countries.
The power, oil and gas, and automotive industries are leading the way in adopting automation technologies, with prominent companies like ABB India, Larsen & Toubro, Honeywell Automation India Ltd., and Rockwell Automation India Pvt. Ltd. playing a crucial role in this transformation.
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Shareholding Pattern
As of the November 2024 shareholding pattern, Vdeal Systems Limited is primarily held by the promoters at 66.97 percent, domestic institutional investors hold 1.4 percent, and the public with 31.63 percent.
About Company
Founded in 2005, Vdeal System Private Limited is a leading manufacturer and service provider specializing in electrical panels, industrial automation, and process instrumentation. Based in Jatni, Odisha, the company is known for delivering high-quality, customized automation solutions to industries like steel, power, and pharmaceuticals.
Vdeal operates in several key segments, including the production of low- and medium-voltage electrical panels, variable frequency drives (VFDs), and soft starters. The company also excels in industrial automation, offering tailored solutions to enhance operational efficiency and reduce downtime. Additionally, Vdeal provides specialized process instrumentation and turnkey project solutions, overseeing everything from design to implementation.
With a commitment to innovation and sustainability, Vdeal System aims to exceed customer expectations through superior quality and cutting-edge technology. Collaborating with industry leaders like ABB India, Vdeal strengthens its position in the market while continuing to expand its capabilities to meet growing industry demands.
Written By Fazal Ul Vahab C H
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