| Market Cap | ₹446.04 CrSmall Cap |
|---|---|
| 1-Year Return | 13.81%Price Performance |
| Day RSI | 36.23Neutral Zone |
| Order from | north eastern state electricity boards |
| Execution period | 1 to 4 months |
| Deal value | ₹9.08 Cr |
| Share of market cap | 2.0% |
| Share of annual revenue | 463.3% |
Key highlights
- Order value of approximately ₹9.08 crores for galvanized steel tubular electric poles
- Procurement managed through contractors under the Revamped Distribution Sector Scheme
- Supply destination includes multiple state electricity boards in the North Eastern region
- Fast-track delivery timeline established between one and four months for project completion
- Products supplied under the specialized 'Xtech' brand for infrastructure utilities
Project Scope and Delivery
Shivam Pipes has been commissioned to supply galvanized steel tubular electric poles to various North Eastern state electricity boards. These orders, aggregating to approximately ₹9.08 crores, are part of the brand 'Xtech' portfolio. The contracts were secured through the Revamped Distribution Sector Scheme (RDSS), a government initiative designed to improve the operational efficiency and financial sustainability of power distribution companies.
The orders have been awarded through specialized contractors managing power distribution for respective utilities. The company has committed to a rapid execution schedule, with delivery timelines ranging from one to four months, ensuring swift infrastructure deployment.
Strategic Infrastructure Impact
- Increases short-term revenue visibility through immediate supply requirements over the next 120 days.
- Strengthens the market position of the Xtech brand within the specialized utility pole segment.
- Utilizes the subsidiary's existing annual manufacturing capacity of 36,000 MT for steel products.
- Positions the company to capitalize on continued government investments in rural electrification.
- Enhances the subsidiary's track record with major government agencies including BSNL and PWD.
Business Transition and Group Synergy
KD Green Industries Limited, formerly operating as Manbro Industries Limited, is evolving into an integrated infrastructure conglomerate. Based in Guwahati, the company operates within the KD Group, focusing on high-growth sectors such as steel pipes, galvanized poles, and AAC blocks. While its historical classification remains within the apparel and accessories sector according to older exchange records, the current operations are heavily oriented toward building materials and sustainable infrastructure solutions.
The company is currently expanding its footprint by setting up additional steel fabrication facilities for solar structures and transmission towers, aiming to capture demand from the surging power infrastructure corridor in India's North East.
Financial Performance and Market Status
The company maintains a market capitalization of ₹446.04 crores with a strong promoter holding of 72.4%. Although the company is in a transition phase, it reported a net profit growth of 157.28% on an annual basis. The stock is currently trading at ₹76.89, having seen a one-year price appreciation of 13.81%.
With a trailing twelve-month PE ratio of 321.59, the market is pricing in significant future growth from its new industrial segments. Technically, the stock is currently in a neutral zone with an RSI of 36.23, trading above its 200-day simple moving average of 61.63, indicating long-term price support.
Executive Perspective
We are pleased to secure these orders for supply to electricity boards. Our empanelment and approval with key utilities position us strongly for future growth in power infrastructure sectors. With continued Governmental focus on electrification including under RDSS, demand for galvanized steel tubular poles is expected to remain strong.
| Share price | ₹76.89 |
|---|---|
| Market capitalisation | ₹446.04 Cr |
| Revenue (annual) | ₹1.96 Cr |
| Net profit (annual) | ₹0.61 Cr |
| Revenue (latest quarter) | ₹0.00 Cr |
| Net profit (latest quarter) | -₹0.15 Cr-242.22% vs previous quarter |
| P/E (TTM) | 321.59×Sector 57.54× |
| Promoter holding | 72.4%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by KD Green Industries Limited announcing new orders secured by its subsidiary Shivam Pipes for electricity board supplies. Market figures from a third-party data provider.
