| Market Cap | ₹719.77 CrSmall Cap |
|---|---|
| ROE Annual | 45.38%Power Sector |
| Order from | PGVCL |
| Deal value | ₹139.49 Cr |
| Share of market cap | 19.4% |
| Share of annual revenue | 24.4% |
| Order book | ₹1,850 Cr (3.2x revenue) |
Key highlights
- Confirmed as L1 Stage Successful Bidder for a project valued at ₹139.49 crore
- Scope includes conversion of 11 kV HT lines into underground cable networks
- Project to be executed in Mota Mava and Madhapar Sub-Divisions of Rajkot City Circle
- Total unexecuted project value now exceeds ₹1,850.00 crore
- Contract awarded under the SI Scheme of Paschim Gujarat Vij Company Limited (PGVCL)
Project Scope and Implementation
Viviana Power Tech has secured an L1 stage confirmation for a ₹139.49 crore infrastructure project from Paschim Gujarat Vij Company Limited (PGVCL). The contract encompasses the supply, installation, and associated works required to convert existing overhead 11 kV high-tension lines into sophisticated underground cable networks. This project will implement a Ring Main System within the Mota Mava and Madhapar Sub-Divisions of the Rajkot City Circle.
The initiative is being executed under the SI Scheme of PGVCL, focusing on improving urban power reliability and infrastructure aesthetics through modern cabling solutions.
Operational and Strategic Impact
- Strengthens the company's footprint in high-value power distribution and energy storage projects.
- Expands the unexecuted order book to a significant ₹1,850 crore milestone.
- Provides substantial revenue visibility relative to the TTM operating revenue of ₹571.95 crore.
- Validates the company's technical capability in handling complex Ring Main System installations.
- Deepens the service footprint within the Gujarat state power distribution network.
Financial Performance Context
The company maintains a strong financial profile with an annual net profit growth of 166.54% and a Return on Equity of 45.38%, significantly higher than the sector average of 12.78%. Its current price-to-earnings ratio of 12.97 remains lower than the industry P/E of 25.72, despite a TTM net profit of ₹55.49 crore. While the stock has faced a 14.7% decline over the past year, the consistent addition of high-value contracts like the PGVCL order reinforces the company's growth trajectory within the utilities sector.
Promoters hold a dominant 70.79% stake, indicating stable internal governance.
Business and Industry Overview
Viviana Power Tech operates as an EPC specialist for power transmission and distribution systems up to 400KV. Based in Vadodara, the company serves a mix of government and private clients, focusing on grid modernization and turnkey substation projects. The Indian power sector is currently seeing increased investment in underground cabling to reduce transmission losses and weather-related outages.
This regulatory and infrastructure tailwind supports companies with specialized engineering capabilities in urban distribution. Viviana's growing focus on energy storage projects aligns with broader national goals for grid stability and renewable integration.
| Share price | ₹710.9 |
|---|---|
| Market capitalisation | ₹719.77 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) | 12.97×Sector 25.04× |
| 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 confirmation as the L1 stage successful bidder for the PGVCL underground cable project. Market figures from a third-party data provider.
