Penny Stock Under Rs 100: Company Secures 4 Orders Worth Rs 7,31,00,000 in a Day – Stock Rallies Over 10 Per cent
The company’s shares have delivered an impressive return of around 45 per cent in the past year.
Service Care Ltd (SCL) specializes in workforce and workspace administration and management services. An ISO-certified company, SCL offers a range of solutions, including integrated facility management, business services, staffing solutions, and payroll management, catering to clients across industries such as manufacturing, engineering, IT, government, and healthcare.
The company has secured several new projects under its Workforce Administration and Workspace Management business verticals. These include a Workspace Management contract with an educational institute in Madurai for a tenure of one year, valued at Rs 1.44 crore. Additionally, it has received Letters of Intent (LOIs) for a project with a corporate and individual finance services company at its Chennai office, valued at Rs 4.95 crore for one year, and another with an office space solutions company in Chennai, worth Rs 44 lakh for one year. Furthermore, the company secured a project with a higher and professional education institute at their Bangalore office, valued at Rs 48 lakh for one year. In addition to these projects, the company has been empanelled with clients in the banking and dairy sectors for workforce administration services.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Share Performance
Following this news, the company’s shares have rallied over 10 per cent today. At the start of today’s trading session, Service Care Ltd opened at Rs 79.45 per share, compared to yesterday’s closing price of Rs 73.90 per share on the BSE. Currently, the shares are trading at around Rs 81.90 per share on the BSE. The current market capitalization stands at Rs 94.17 crore. The company’s shares have delivered an impressive return of around 45 per cent in the past year.
Financial Performance
The company doesn’t announce Quarterly Results, and in half-yearly results in September 2024, Service Care Ltd reported a revenue of Rs 94 crore compared to Rs 89 crore representing a growth of around 5.60 per cent YoY. The company posted an operating profit of Rs 2 crore with a margin of around 2 per cent compared to Rs 2 crore with a margin of around 2 per cent. The company reported a net profit of Rs 2 crore for the period compared to a profit of Rs 2 crore.
Looking at the annual performance, the company generated a revenue of Rs 193 crore in FY24 compared to Rs 159 crore in FY23 representing a growth of around 21.26 per cent YoY. The operating profit for FY24 was Rs 4 crore compared to a profit of Rs 5 crore in FY23. The company reported a net profit of Rs 4 crore compared to a profit of Rs 5 crore.
Disclaimer: The article is for informational purposes only and not investment advice.