Orders ki tohofani tezi!
SWSOLAR ke liye yeh khabar ekdum sahi time par aayi hai. Company ne ek saath ₹3,550 crore ke domestic orders secure kiye hain. Isme sabse bada deal Coal India se mila hai, ₹3,490 crore ka yeh contract Rajasthan ke Bikaner mein 875 MW ka solar EPC project ke liye hai, jisme operations and maintenance bhi included hai. Ek private IPP se Maharashtra mein 50 MW AC project bhi mila hai. Is sab ke baad, fiscal year 2026 (FY26) mein company ka total EPC order inflow ₹10,062 crore ko paar kar gaya hai, jo FY26 ke targets se bhi zyada hai.
Share Price mein Dhamaka, Trading Volume Bhi High!
Is order boom ka seedha asar stock price par dikha. SWSOLAR ka share 9.87% tezi se ₹213.12 par pahunch gaya. Trading volumes bhi ekdum ud gaye, lagbhag 91.9 lakh shares trade hue jabki average toh bas 23.3 lakh shares ka hai. Yeh rally tab hui jab Nifty 50 thoda neeche (-0.08%) band hua.
Lekin, Margin Ka Kya? Chinta Toh Hai!
Ab asli baat par aate hain. Itne bade orders aur stock mein tezi ke bawajood, SWSOLAR ke financials mein kuch chinta ki baatein hain. Company ke margins lagatar kam ho rahe hain. EBITDA margins Q3 FY25 mein 4.0% the jo Q3 FY26 mein gir kar 2.4% ho gaye. Profitability bhi volatile hai. Profit Before Tax (PBT) is quarter mein gir kar sirf ₹5 crore rah gaya, jabki pichle saal isi quarter mein yeh ₹41 crore tha. Pichhle quarter (Q2 FY26) mein company ne ₹478 crore ka consolidated net loss report kiya tha aur September 2025 quarter mein ₹2583.54 crore ka standalone net loss tha. Pichhle ek saal mein stock -37.23% gir chuka hai aur ₹148 se ₹348.90 ke beech trade ho raha hai.
Analysts Ki Rai vs Reality
Waise toh analysts kaafi optimistic hain, sab 'Strong Buy' bol rahe hain aur average target price ₹307.50 diya hai, matlab 58% tak ka upside dikh raha hai. Company ne bhi FY26 order inflow guidance badha kar ₹11,000 crore se zyada kar di hai. Lekin institutional investors ne bhi apni holdings kam ki hai. Mutual Funds ne 90.11% aur FIIs ne 30.81% stake kam kiya hai pichhle ek saal mein. Toh haan, orders acche hain, but margin pressure aur profit volatility ko nazarandaaz nahi kar sakte. Dekhna hoga ki company is rally ko kaise sustain karti hai.
