Under Rs 170: Microcap Company Bags Orders Worth Rs 11,80,00,000 from Golden Communication and Computer Depot, Stock Hits Upper Circuit Today!
The company’s shares have delivered an impressive return of around 110 per cent to its shareholders.
Slone Infosystems Limited, an Indian company established in December 2022, specializes in providing IT hardware solutions. The company sells and rents a range of IT equipment, including laptops, desktops, servers, and workstations. Additionally, it offers IT solution services to corporate clients, such as managing cloud servers and servicing IT equipment.
Slone Infosystems Limited has secured an order worth Rs 11.80 crore for the supply of 4,000 Lenovo V14 G3 laptops. The orders, placed by Golden Communication and Computer Depot in Mumbai on July 31, 2024, include 500 laptops for Golden Communication and 3,500 laptops for Computer Depot. It is committed to delivering these laptops within 14 working days of the purchase orders, highlighting the company's operational efficiency and commitment to timely client service.
Slone Infosystems Limited shares closed at around Rs 165.20 per share. The company’s current market capitalization stands at Rs 87.04 crore. The stock has delivered a multibagger return of around 110 per cent compared to its IPO issue price of Rs 79 each.
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As per the Quarterly Results, in the fourth quarter of FY24, Slone Infosystems Limited recorded a revenue of Rs 40.45 crore. The operating profit for Q4 FY24 stood at Rs 3.30 crore. The net profit for Q4 FY24 was Rs 2.06 crore. Looking at the annual performance, the company generated a revenue of Rs 60.69 crore in FY24, compared to Rs 30.22 crore in FY23. The operating profit for FY24 was Rs 6.49 crore with a net profit of Rs 4.19 crore.
According to the shareholding pattern, promoters own 73.01 per cent, and public investors own a 26.48 per cent. FIIs and DIIs own 0.46 per cent and 0.06 per cent stake in the company.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.