Multibagger defence software company bags new order worth Rs 1,26,99,878 from Ministry of Defence; Stock trades at high ROE & high ROCE
The stock gave multibagger returns of 743 per cent from its 52-week low (on December 29, 2023) of Rs 93.25 per share.
Trident Techlabs Limited announced that the company received a work contract from the Office of DG (NS & M), Department of Defence Research & Development, Ministry of Defence in India. This prestigious award reflects the company's dedication to excellence and its ongoing commitment to contributing meaningfully to the nation's defence sector.
The contract entails the delivery of two crucial software applications:
- 1 (One) High-Speed PCB Design-Power–Thermal Integrity Analysis Software (Q3).
- 1 (One) High-Speed PCB Design Rule Check software (Q3).
The total contract value stands at Rs 1,26,99,878 inclusive of all duties and taxes. This successful bid not only signifies the trust placed in Trident Techlabs' capabilities but also serves as a well-deserved recognition of the team's hard work and dedication. Trident Techlabs is thrilled about the opportunities presented by this project and is fully committed to delivering exceptional results.
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Trident Techlabs Ltd, founded in 2000, is a technology company that offers engineering solutions, including consulting and technical services, to a wide range of industries like aerospace, defence, automotive, telecommunications, semiconductor and power distribution. They also provide specific power system solutions to assist power distribution utilities in managing their infrastructure and integrating renewable energy sources.
The company has a market cap of Rs 1,359 crore. The shares have an ROE of 50 per cent and an ROCE of 38 per cent. The stock gave multibagger returns of 743 per cent from its 52-week low (on December 29, 2023) of Rs 93.25 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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