This Small-Cap Telecom Equipment Company Secures Major Order from ONGC for Cyber Security Defence Strategy Solutions: Complete Details Inside!

The company’s shares have delivered an impressive return of over 245 per cent in just 1 year.

Valiant Communications Limited has secured an order from Oil & Natural Gas Corporation (ONGC), a Government of India Enterprise, for its "beyond the firewall" Cyber Security Defence strategy solutions. The selected products include equipment aligned with Government of India guidelines on cybersecurity. They are designed to detect and respond to intrusions resulting from firewall breaches or trojans introduced from within. These solutions help identify and mitigate unlawful activities that may compromise network security, potentially leading to cyber-attacks or ransomware incidents. Additionally, the products create secure isolation zones within IT and OT systems to safeguard against hostile network intrusions. Valiant Communications specializes in manufacturing a wide range of IT and OT products and solutions, serving government organizations, utilities, defence, and transport sectors globally. They have a proven track record with successful installations in over 110 countries.

Share Performance:

Today Valiant Communications Limited shares closed the day at Rs 600.25 per share. The company’s current market capitalization stands at Rs 457.87 crore. The stock has delivered a multibagger return of around 245 per cent in the past 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Valiant Communications Limited reported a revenue of Rs 13.31 crore and an operating profit of Rs 3.92 crore. The operating profit margin for the quarter stands at 29.45 per cent. The company’s net profit stood at Rs 2.49 crore. In FY24, the company reported a revenue of Rs 46.33 crore compared to Rs 31.50 crore and a net profit of Rs 6.21 crore, compared to a profit of Rs 1.68 crore in the previous year.

As per the shareholding pattern, promoters hold 43.11 per cent of the shares, while Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) own 0.16 per cent and 0.27 per cent, respectively. Public investors own the remaining 56.46 per cent.

Investors must keep this Small-Cap stock on their radar.

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