Synopsis: Sharika Enterprises secures a major order from L&T to supply 998 FPIs for PVVNL Varanasi under RDSS, strengthening smart grid infrastructure and network reliability.
This Penny stock under Rs. 15, engaged in delivering smart grid solutions, power system products, and automation technologies to enhance efficiency, reliability, and modern energy infrastructure, jumped 5.96 percent after receiving a major smart grid order from Larsen & Toubro (L&T).
With a market capitalization of Rs. 47.24 crores, the share of Sharika Enterprises Limited has reached an intraday high of Rs. 11.38 per equity share, rising nearly 5.96 percent from its previous day’s close price of Rs. 10.74. Since then, the stock has retreated and is currently trading at Rs. 10.91 per equity share.
What is the News?
Sharika Enterprises Ltd has secured a major smart grid order from Larsen & Toubro (L&T) for a project under the Government of India’s Revamped Distribution Sector Scheme (RDSS) in Varanasi. The company will supply 998 communicable overhead Fault Passage Indicators (FPIs) for Paschimanchal Vidyut Vitran Nigam Limited (PVVNL).
These smart devices will help detect faults in the power network quickly and accurately. By improving fault location and reducing repair time, they will make the electricity system more reliable and efficient. This will also improve overall network visibility and support smoother operations.
This project marks an important step in Sharika Enterprises’ growth in the smart grid sector. The FPIs are developed under the “Make in India” initiative, helping reduce reliance on imported technology while ensuring high performance and supporting India’s push for self-reliance.
Management Commentary:
Mr. Sanjay Verma, Executive Director of Sharika Enterprises Limited, shared his thoughts on the project, saying, “We are delighted to secure this order from Larsen & Toubro for PVVNL under the RDSS scheme. This project reflects our continued commitment to delivering advanced, indigenous, and technology-driven solutions that enhance grid intelligence, reduce outages, and accelerate India’s transition towards smart distribution networks.”
Company Overview:
Sharika Enterprises Limited was founded in 1998 and is an Indian engineering and EPC (Engineering, Procurement, and Construction) company specializing in power and infrastructure projects. It provides services across power transmission, distribution, and industrial automation, supporting India’s growing energy and industrial sectors.
Recent Quarter Results:
Coming into financial highlights, Sharika Enterprises Limited’s revenue has decreased from Rs. 21.90 crore in Q3 FY25 to Rs. 15.92 crore in Q3 FY26, which is a drop of 27.30 percent. The net profit of the company converted from positive to negative, from a net profit of Rs. 0.14 crore in Q3 FY25 to a net loss of Rs. 2.93 crore in Q3 FY26.
Sharika Enterprises Limited’s revenue has grown at a CAGR of 23.92 percent over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 4.53 percent and 0.24 percent, respectively. Sharika Enterprises Limited has an earnings per share (EPS) of Rs. -0.32, and its debt-to-equity ratio is 0.93x.
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