Low PE, high ROE & high ROCE stock at Rs 123 zooms over 5 per cent in just 1 day – Company from IT-Software Industry; PAT jumps over 100 per cent!
The shares of the company have a PE of 10x, an ROE of 74.5 per cent and an ROCE of 86.8 per cent.
Today, shares of Quicktouch Technologies Limited gained 5.13 per cent to Rs 123 per share from its previous closing of Rs 117. The stock’s 52-week high is Rs 274 and its 52-week low is Rs 105.
Incorporated in 2013, Quicktouch Technologies Limited is an information technology company. The company is in the business of software IT solutions and consulting services, IT product/software development & software commercial training and web designing.
The company has a market cap of Rs 68.5 crore and reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24). According to quarterly results, the company reported net sales of Rs 34.05 crore in Q4FY24 compared to net sales of Rs 42.74 crore in Q4FY23. The net profit increased by 139.2 per cent to Rs 1.15 crore in Q4FY24 compared to Rs 0.48 crore in Q4FY23. In its annual results, the net sales increased by 39 per cent to Rs 122.16 crore and net profit increased by 5.3 per cent to Rs 6.73 crore in FY24 compared to FY23.
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Earlier, Quicktouch Technologies' Board of Directors shifted its investment focus towards Grenew FZE, a UAE-based electronics refurbishment and e-waste recycling company, acquiring a 100% stake for a strategic advantage. This move prioritizes sustainability, expands market reach, and diversifies revenue compared to the previously approved 30% stake in Pinnacle Group. The acquisition, expected to be completed by March 2025, aligns with Quicktouch's growth trajectory fuelled by its flagship product, the online education platform QuickCampus, and its expansion into payments, FinTech, and InsurTech sectors. To support this growth, Quicktouch also issued convertible warrants to raise capital from promoters, foreign investors, and public shareholders.
The shares of the company have a PE of 10x, an ROE of 74.5 per cent and an ROCE of 86.8 per cent. The stock is up by 17.2 per cent from its 52-week low of Rs 105 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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