High ROE & High ROCE multibagger stock: This micro-cap company bags new order worth Rs 40 crore!

The shares of the company have an ROE of 93 per cent and an ROCE of 64 per cent.

ROX Hi-Tech, a customer-centric IT leader, has secured a massive Rs 40+ crore order blitz in Q3 FY24, showcasing its explosive growth and commitment to digital excellence. These deals, slated for execution between January 2024 and June 2024, solidify ROX's position as a pioneer in transforming and automating businesses across diverse sectors, from Fortune 500 giants to healthcare institutions.

With a proven track record and innovative solutions, ROX enriches customer journeys and has earned the trust of industry leaders across finance, law, real estate, education, and manufacturing. As a one-stop IT solutions provider, ROX is poised to continue its meteoric rise in the digital landscape.

ROX Hi-Tech, listed on NSE Emerge in November 2023 after a stellar Rs 54.49 crore IPO, has seen its share price more than double from Rs 83 to Rs 172. This impressive surge reflects strong investor confidence in the company's future, bolstered by FY23 financials showcasing revenues of Rs 133.99 crore, EBITDA of Rs 23.67 crore, and a healthy PAT of Rs 15.33 crore. ROX Hi Tech's commitment to excellence in IT solutions and digital transformation seems to be paying off handsomely.

Today, shares of the company gained 3.80 per cent to an intraday high of Rs 172 per share from its previous closing of Rs 165.7. The stock’s 52-week high is Rs 208 and its 52-week low is Rs 135. The shares of the company have an ROE of 93 per cent and an ROCE of 64 per cent. Investors should keep an eye on this multibagger micro-cap stock.

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