| Project Value | ₹113 CrL1 Bid Status |
|---|---|
| Market Cap | ₹683.5 CrMicro Cap |
| PE Ratio | 12.3TTM Basis |
| Order from | MGVCL |
| Deal value | ₹113 Cr |
| Share of market cap | 16.5% |
| Share of annual revenue | 19.8% |
| Order book | ₹1,400 Cr (2.4x revenue) |
Key highlights
- Declared L1 bidder for projects worth ₹113 crore inclusive of all taxes
- Scope involves converting 11 KV open lines to MVCC overhead conductors
- Total unexecuted order book value now exceeds ₹1,400 crore
- Projects located within Petlad and Nadiad O&M divisions of MGVCL
- Company specializes in EPC projects for power transmission up to 400KV
Project Scope and Technical Details
The awarded projects involve the conversion of existing High Tension overhead 11 KV open lines into Medium Voltage Covered Conductors and the implementation of underground networking. This infrastructure upgrade will be executed within the jurisdiction of the Petlad and Nadiad Operations and Maintenance divisions under the Madhya Gujarat Vij Company Limited. The work falls under the SI Scheme ROBUST-III, focusing on improving the resilience and safety of the power distribution grid.
This transition from open-wire systems to covered and underground networks is aimed at significantly reducing technical losses and improving service reliability for the utility provider.
Order Book and Revenue Visibility
This latest addition of ₹113 crore reinforces Viviana Power Tech's growing presence in the high-value power and energy storage segments. With this development, the company's total unexecuted order book has surpassed the ₹1,400 crore milestone. Such a substantial backlog provides strong revenue visibility for the coming fiscal periods.
The company’s ability to secure L1 positions in state utility tenders highlights its competitive edge in the EPC space, particularly for complex distribution projects that require specialized technical expertise in power transmission systems up to 400KV.
Financial Performance Snapshot
- Viviana Power Tech achieved a 144.2% year-on-year growth in annual operating revenue, totaling ₹531.25 crore.
- Annual net profit grew by 166.5% to ₹52.73 crore, indicating high operational leverage and efficiency.
- The stock currently trades at a TTM price-to-earnings ratio of 12.32, which is notably lower than the industry average of 23.15.
- Company maintains a robust return on equity (ROE) of 45.38% and a return on assets (ROA) of 8.47%.
- Promoter holding remains high at 70.79%, with no shares pledged as of the latest reporting period.
Industry Context and Utility Modernization
The Indian power utility sector is increasingly prioritizing the modernization of distribution networks to minimize aggregate technical and commercial losses. State utilities like MGVCL are aggressively adopting underground cabling and covered conductors to mitigate weather-related outages and safety risks. Viviana Power Tech is well-positioned to benefit from these tailwinds, given its focus on EPC projects for power transmission and distribution.
The expansion into energy storage and high-value power projects aligns with national goals for grid stability and sustainable energy infrastructure development.
| Share price | ₹675.1 |
|---|---|
| Market capitalisation | ₹683.53 Cr |
| Revenue (annual) | ₹531.25 Cr |
| Net profit (annual) | ₹52.73 Cr |
| Revenue (latest quarter) | ₹72.39 Cr-77.57% vs previous quarter |
| Net profit (latest quarter) | ₹6.02 Cr-83.28% vs previous quarter |
| P/E (TTM) | 12.32×Sector 27.32× |
| Promoter holding | 70.79%+0.16% QoQ |
| FII holding | 0.01%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Viviana Power Tech Limited announcing its selection as the L1 bidder for projects worth ₹113 crore. Market figures from a third-party data provider.
