Multibagger stock
Multibagger Stock: The Indian stock market is once again a major decline. Due to this, millions of crores of investors are drowning. However, some stocks are also putting upper circuit of 5% in this bad market. We are talking about Spml Infra Company. The company working in the infrastructure sector has given a spectacular return of 3,286% to investors in the last five years. The share price has increased from Rs 5 to ₹ 185 in 2020. Now a large contract has been received from the American Energy Company. On this, there was a tremendous bounce in the stock on Friday. In the last one month, the stock has given a great return of 21%. However, the stock has also declined after December. The stock is correct after making a high of Rs 275.
Company tied up with Energy Walt, USA
In filing to the exchange, it is informed by the company that it has tied up for sustainable energy storage with Energy Walt, USA. The purpose of this agreement is to speed up the production and implementation of energy storage systems in India by transferring technology to SPML. According to the filing, the agreement is expected to deploy multi-gigaat hours (GWH) of Battery Energy Storage System (GWH) by Spml Infra, which will help India in the expansion and energy storage requirements of its green energy, which aims to produce a minimum 500 MW hourly commitment in the next year and 30-40+ gigwat hours in the next decade.
How is the company’s financial performance
SPML Infra’s net sales in December 2024 stood at Rs 186.27 crore, which is 26.15% less year-on-year. At the same time, in December 2024, the net profit was Rs 9.94 crore, which is 794.99% more than Rs 1.11 crore in December 2023. In December 2024, Ebitda stood at Rs 22.48 crore, which is 336.5% higher than Rs 5.15 crore in December 2023.
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