Low PE & high ROE stock under Rs 150: Fintech & Ed-tech company expands footprint in fintech and payment aggregation, welcomes top talents from Razorpay and PayU
The stock is up by 36.2 per cent from its 52-week low of Rs 105 per share.
Quicktouch Technologies Ltd, a leading innovator in the Fintech and Ed-tech sector, is making significant strides in the Fintech domain and Payment Aggregator business. With a focus on enhancing financial solutions, Quicktouch is set to redefine industry standards by integrating advanced technologies and revolutionizing the payment ecosystem. As part of this ambitious expansion, Quicktouch is thrilled to announce the hiring of top talents from renowned industry leaders, Razorpay and PayU. This infusion of expertise is expected to accelerate the company's growth and innovation, ensuring robust and scalable financial solutions for businesses of all sizes. These new hires are poised to drive innovation, enhance product offerings, and strengthen Quicktouch's market position.
This strategic move underscores Quicktouch's commitment to enhancing its capabilities and accelerating growth. Quicktouch has filed its application for Payment Aggregator License (Brand name ‘Quickpay’) to The Reserve Bank of India and is currently under process.
As Quicktouch continues to expand its horizons, the company remains committed to excellence, innovation and ideas. This strategic move underscores Quicktouch's dedication to becoming a leading player in the Fintech ecosystem. Quicktouch continues to set new standards in the industry and its latest foray into the Fintech domain reflects its vision of creating a seamless and efficient financial ecosystem.
“We are thrilled to welcome these talented individuals to our team,” said Mr. Gaurav Jindal, Managing Director, Quicktouch. "Their expertise will be instrumental in propelling our Fintech and payment aggregator initiatives forward. At Quicktouch, we are dedicated to creating a seamless and efficient financial ecosystem that empowers businesses and enhances customer experiences," he added.
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About the Company
Incorporated in 2013, Quicktouch Technologies Limited is an information technology company. The company is in the business of software IT solutions and consulting services, IT product/software development & software commercial training and web designing.
The company has a market cap of Rs 79 crore and reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24). According to quarterly results, the company reported net sales of Rs 34.05 crore in Q4FY24 compared to net sales of Rs 42.74 crore in Q4FY23. The net profit increased by 139.2 per cent to Rs 1.15 crore in Q4FY24 compared to Rs 0.48 crore in Q4FY23. In its annual results, the net sales increased by 39 per cent to Rs 122.16 crore and net profit increased by 5.3 per cent to Rs 6.73 crore in FY24 compared to FY23.
The shares of the company have a PE of 10x, an ROE of 74.5 per cent and an ROCE of 86.8 per cent. The stock is up by 36.2 per cent from its 52-week low of Rs 105 per share.
Disclaimer: The article is for informational purposes only and not investment advice.