Under Rs 200: Microcap Company Secures Rs 4,85,00,000 Order for 330 Holoware Workstation Xeon Units!
The company’s shares have delivered an impressive return of around 100 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 a major contract for 330 Holoware Workstation Xeon units. Valued at Rs 4.85 crore plus GST, the order was placed on August 5, 2024, by a prominent listed company. This contract underscores Slone Infosystems' growing presence in the IT hardware sector and its reputation for delivering high-quality, customized IT solutions. The company is committed to meeting a swift delivery timeline, with the workstations scheduled to be supplied within 7 working days.
Slone Infosystems Limited shares closed at around Rs 155.05 per share. The company’s current market capitalization stands at Rs 81.70 crore. The stock has delivered a multibagger return of around 100 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.