It is India's first and the only Solar Glass Manufacturing company.
In September quarter, the company's income increased from Rs. 114.09 crore to Rs. 160.52 crore, operating profit increased from 31.67crore to Rs. 53.80 crore, while, witnessed net profit of Rs. 34.11 crore as against losses of Rs. 14.96 crore in the corresponding quarter last year.
As against equity of Rs. 13 crore, the company has reserves of Rs. 677 crore. The company has debt of Rs. 71 crore and investment of Rs. 262 crore, so technically it is debt free.
The stock has witnessed bullish trend in last one and a half year, but the sector's future is bright. Therefore, the stock can be purchased in phased manner.