Affordable solar stock: Price below Rs 50; Q2 results turbo charge stock price

Kolkata: RDB Infrastructure and Power is a Kolkata-based company which is active both in real estate development, both residential and commercial projects, and solar power construction and construction. It is also involved in the construction of airport and runways. It was set up in 1981. The stock has displayed impressive performance after the company announced its Q2FY26 results, which also combined with the Q1 results to produce robust H1FY26 performance. The company set out on its journey with real estate. It has significant presence in cities such as Kolkata, Mumbai and Hyderabad, where it has built high-rise apartments, integrated townships, commercial office spaces and shopping malls. In recent years, the company has set its foot in the EPC business of solar power.

The company released its quarterly and half-year financial results. In Q1FY26, the company reported net sales of Rs 18.50 crore and a net profit of Rs 3.05 crore. On the other hand, the net sales of RDB Infrastructure and Power in H1FY26 (April-September) was Rs 86.05 crore and net profit stood at Rs 5.77 crore.

Also Read

Star of defence and mining: 618% return in 5 years; check record date for stock split

This PSU bank stock is undervalued: But govt has big plans with it | Possible mutlibagger?

Power stock to give 3 shares for every 5 shares; price jumps

RDB Infrastructure and Power recently issued 10 lakh equity shares to Ami Jasmine Shah, who is not a promoter. It happened on account of warrant conversion. The company received a balance amount of Rs 3,03,75,000. As a result, the company's total paid-up capital rose to Rs 20,38,84,000. Reports said that the newly issued shares will rank equally with the existing equity.

RDB Infrastructure and Power has secured a significant deal in the solar sector. It has signed an MoU with NRG Renewable Resources which is about setting up a 51 MW/AC (65 MW/DC) solar power project, the total value of which is Rs 277 crore. The project will be located in half a dozen sites close to Nagpur in Maharashtra. The Kolkata-based company has amended the previously issued EPC MOU with Stargen Power. This amendment involved raising the value of the existing contract from Rs 225 crore to Rs 276 crore. This will help create a pipeline of projects in the solar power domain.

At 3 pm on Nov 14, the RDB Infrastructure and Power stock was trading at Rs 47.67, up Rs 1.12 or 2.41%. It fell 10.26% in the past five days. In the past one month it rose 3.52% and in the past six months it declined 8.8%. However, the stock is significantly above its 52-week low. Most important, the stock delivered a robust return of 3,405% in the past five years. The company has a market cap of Rs 994.13 crore, PE ratio of 121.37.