Rs 18,50,00,000 order book: FIIs-backed micro-cap IT stock hit 20 per cent upper circuit; PAT zooms over 340 per cent!

The shares of the company have an ROE of 31.7 per cent and an ROCE of 41 per cent.

Today, one of the Top Gainers on BSE, shares of Yudiz Solutions Ltd hit 20 per cent upper circuit to Rs 156.40 per share from its previous closing of Rs 130.35 per share. The stock’s 52-week high is Rs 213.8 and its 52-week low is Rs 140. Total 96,000 quantity traded and deliverable quantity (gross across client level) is 75,200 shares.  

Incorporated in 2012, Yudiz Solutions Limited is engaged in the business of providing IT solutions and consultancy services. The company has a market cap of over Rs 150 crore.

According to the half-yearly results, revenue from operations increased by 45.5 per cent to Rs 15.88 crore in H1FY24 compared to revenue from operations of Rs 10.91 crore in H1FY23. The EBITDA increased by 895.8 per cent to Rs 3.08 crore in H1FY24 compared to Rs 0.31 crore in H1FY23. The company reported a net profit of Rs 1.33 crore in H1FY24 compared to a net loss of Rs 0.54 crore in H1FY23, an increase of 347 per cent.

Yudiz Solutions is taking the gaming world by storm with a series of groundbreaking partnerships. First, they teamed up with Vodafone India (Vi) to launch a revolutionary 5G-powered VR combat shooting game, offering unparalleled immersion and shared experiences. Vi's global reach ensures seamless gameplay, while Yudiz's expertise delivers high-octane action with minimal lag. This partnership rewrites the future of gaming, promising extraordinary experiences fuelled by 5G and Yudiz's innovative spirit.

Meanwhile, Yudiz has inked a strategic MoU with India Accelerator, the country's largest startup accelerator, as the preferred technology partner for over 200 startups. This collaboration leverages Yudiz's expertise in technology solutions, consultancy, and services to empower these emerging businesses. Through these partnerships, Yudiz is solidifying its position as a leading force in the technology landscape.

According to the annual results, the net sales increased by 45.43 per cent to Rs 27.3 crore, operating profit increased by 176.5 per cent to Rs 6.09 crore and net profit increased by 271.6 per cent to Rs 2.75 crore in FY23 compared to FY22.

The company’s order book stands at Rs 18,50,00,000. Foreign institutional investors (FIIs) own a significant stake in the company, with Nav Capital VCC - Nav Capital Emerging Star Fund holding 1.53 per cent, Craft Emerging Market Fund PCC- Elite Capital Fund holding 1.03 per cent, and Foreign Portfolio Investors Category II holding 0.66 per cent.

The shares of the company have an ROE of 31.7 per cent and an ROCE of 41 per cent. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.