Microcap Stock Under Rs 160: Back-to-Back 2 Orders Worth Rs 14,09,00,000 Bagged by This Company; Keep It on Radar!
The company’s shares have delivered an impressive return of around 100 per cent to its shareholders.
Slone Infosystems Limited, an Indian company established in December 2022, specializes in providing IT hardware solutions. The company sells and rents a range of IT equipment, including laptops, desktops, servers, and workstations. Additionally, it offers IT solution services to corporate clients, such as managing cloud servers and servicing IT equipment.
The company has announced the successful acquisition of two significant orders for supplying a total of 5,000 Lenovo V14 laptops, with a combined value of ₹14.09 crore plus GST. The first order, from JBA Infosolutions Private Limited in Mumbai, requires the supply of 3,000 Lenovo V14 laptops. The second order, from a proprietorship firm, involves delivering 2,000 Lenovo V14 laptops. Both orders are to be fulfilled within 2-3 working days from the purchase order date.
On Friday shares of Slone Infosystems Limited closed at around Rs 157 per share. The company’s current market capitalization stands at Rs 82.72 crore. The stock has delivered a multibagger return of around 100 per cent compared to its IPO issue price of Rs 79 each.
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As per the Quarterly Results, in the fourth quarter of FY24, Slone Infosystems Limited recorded a revenue of Rs 40.45 crore. The operating profit for Q4 FY24 stood at Rs 3.30 crore. The net profit for Q4 FY24 was Rs 2.06 crore. Looking at the annual performance, the company generated a revenue of Rs 60.69 crore in FY24, compared to Rs 30.22 crore in FY23. The operating profit for FY24 was Rs 6.49 crore with a net profit of Rs 4.19 crore.
According to the shareholding pattern, promoters own 73.01 per cent, and public investors own a 26.48 per cent. FIIs and DIIs own 0.46 per cent and 0.06 per cent stake in the company.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.