This Micro-cap company bags order worth Rs 22,68,00,000 from Airports Authority of India; Heavy buying, hits upper circuit today!

The stock has delivered a remarkable return of over 100 per cent in just 1 year.

In a significant development, the Company has been awarded a substantial contract by the Airports Authority of India (AAI). The contract involves the supply, installation, testing, and commissioning of four Trackjet Runway Rubber Removal Machines. Additionally, the company will provide operations and routine maintenance services for these machines over a period of 10 years, including a 2-year defect liability period (DLP).

The contract is valued at Rs 22.68 crores inclusive of GST and is set to be executed within a strict timeline. The delivery of the machines is scheduled to be completed by May 27, 2025, with the maintenance services commencing thereafter. This strategic win underscores Anlon Technology Solutions' expertise in delivering specialized equipment and comprehensive maintenance solutions, further solidifying its position in the aviation sector.

Also read Power of Dividend Income: How Rs 1,000 becomes Rs 8 CRORE and generates a multibagger return of 81,17,355 per cent!

Share Performance:

On Tuesday, the company's stock closed at around Rs 423 per share, with a market capitalisation of Rs 237 crore. Additionally, the stock has delivered a multibagger return of around 108 per cent in the past 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 17.43 crore and a net profit of Rs 2.30 crore. In FY24, the company reported a revenue of Rs 35.02 crore and a net profit of Rs 4.52 crore, compared to a net profit of Rs 4.44 crore in the previous year.

Incorporated in 2015, Anlon Technology Solutions Limited is primarily engaged in the business of providing engineering services. The company provides engineering services for engineering systems built on automotive chassis and allied areas, primarily for airports, high-rise buildings, and refineries.

Investors must keep this micro-cap stock on their radar.

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