S&S Power Switchgear's HART wins ₹30 crores in Vedanta order; major project milestone. Stock at ₹369.00 on May 2, 2025, amid market volatility and strong promoter backing.
S&S Power Switchgear Limited, a key player in the switchgear and automation space, is making headlines after its subsidiary, Hamilton Research & Technology Private Limited (HART), bagged a ₹30 crores domestic work order from Vedanta Limited, Jharsuguda.
The order involves supplying and commissioning Pot Controllers, which is an essential component for aluminium smelting operations. With delivery beginning this financial year and completion expected within 24 months, this project stands among HART's largest undertakings to date.
Price movement and market sentiment
Despite this milestone, the company's stock took a hit. On Wednesday, April 30, 2025, shares of S&S Power Switchgear closed at ₹383.15, down by 4.9%, hitting a low of ₹383.00 from the previous close of ₹402.90. The company holds a market cap of ₹472.87 crores, positioning it firmly within the micro-cap segment.
Company overview and financials
With a product portfolio including circuit breakers, transformers, and control systems, S&S Power Switchgear serves diverse sectors such as power, infrastructure, and manufacturing.
Promoter shareholding remains strong at 65%, and a low debt-to-equity ratio of 0.35 indicates financial discipline. However, in Q3FY24-25, revenue declined 16.7% to ₹39.3 crores, while net profit turned negative at ₹5.28 crores, compared to a profit of ₹2.75 crores a year earlier.
Summing up
S&S Power Switchgear subsidiary HART has landed a major ₹30 crores order from Vedanta, marking a significant project milestone. Despite strong fundamentals and promoter backing, short-term market sentiment dipped.
The share price of S&S Power Switchgear was ₹369.00 as of May 2, 2025, at 11:34 AM, reflecting continued volatility. With sectoral reach and financial prudence, this order may mark a turning point for the company's recovery and growth trajectory.
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