Penny Stock Under 25: This Microcap Company Bags Orders from MRPL & DRDO Worth Rs 4,62,01,286, Keep This on Radar!
The company’s shares have delivered an impressive return of over 65 per cent in the past 1 year.
This micro-cap company is engaged in the multi-product distribution of Consumer Electronics, Electrical Goods, IT Hardware, and its peripherals, as well as Sanitary products. The company holds a brand license from HYUNDAI for India, covering products such as Dry Cell Batteries, Alkaline Batteries, LED Flashlights, Torches, Lighting, Rechargeable Lanterns, and Speaker Bulbs.
Panabyte Technologies Limited has received two significant contract work orders:
Attendance Monitoring Access Control System: The company secured a contract from Mangalore Refinery & Petrochemicals Limited, under the Materials Department of the Ministry of Petroleum and Natural Gas, valued at Rs 1,99,97,265.5.
Human and Vehicle Access Control System: Additionally, it received a contract from one of the laboratories under the Department of Defence Research & Development (DRDO), Ministry of Defence, Government of India. This contract involves the procurement, installation, and commissioning of a Human and Vehicle Access Control system, with a value of Rs 2,62,04,021.
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On Friday, the shares of Panabyte Technologies Limited closed at around Rs 24.51 per share on the BSE. The company’s current market capitalization stands at Rs 10.76 crore.
As per the Quarterly Results, in the Q1 FY25, Panabyte Technologies recorded a revenue of Rs 0.96 crore compared to Rs 0.79 crore. The operating profit stood at Rs 0.08 crore. The net profit stood at Rs 0.02 crore compared to a loss of Rs 0.21 crore. Looking at the annual performance, the company generated a revenue of Rs 3.75 crore in FY24. The operating profit for FY24 was Rs 0.01 crore with a net loss of Rs 0.46 crore compared to a net loss of Rs 0.45 crore in FY23.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.