Rs 1,210 Crore Order Book: Multibagger IT Software Stock Jumps On Stellar Results; Revenue Surge 54 Per Cent & PAT Jumps 149 Per Cent
The company has a market cap of over Rs 2,100 crore with multibagger returns of 275 per cent in just 1 year and a whopping 1,600 per cent in 5 years.
On Thursday, shares of Ceinsys Tech Limited jumped 4 per cent to Rs 1,299.90 per share from its previous closing of Rs 1,250.10. The stock’s 52-week high is Rs 1,311 and its 52-week low is Rs 333.
Ceinsys Tech Ltd is a 1998-founded enterprise specializing in geospatial and engineering services, software, and energy solutions. As an ISO and CMMI-certified company, it's part of the Meghe Group. Its core competencies include designing, managing and analysing geographic data, with a focus on energy systems, water management, product design and robotics. Ceinsys offers a range of services encompassing geospatial solutions like risk analytics, smart city planning and disaster management; as well as mobility solutions spanning from concept development to manufacturing engineering and electric vehicle technology.
Ceinsys Tech Ltd.'s wholly owned subsidiary, Allygram Technologies P Ltd, has made substantial investments in H1FY25 to drive both organic and inorganic growth. The subsidiary expended Rs 6.3 crore on business development initiatives. A significant milestone was the acquisition of a US-based geospatial company with telecom sector exposure in July 2024. Additionally, Allygram has commenced investments in data center capabilities. Recent contract wins further solidify the company's position: an IoT-based project with the Maharashtra State Water and Sanitation Mission valued at Rs 206 crore, a digital project monitoring system project with the same organization worth Rs 60 crore, and an extension of a third-party inspection (TPI) project with the Uttar Pradesh SWSM, amounting to Rs 196 crore.
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According to the Quarterly Results, the net sales increased by 71 per cent to Rs 16.8 crore and net profit increased by 149 per cent to Rs 11.7 crore in Q2FY25 compared to Q2FY24. In H1FY25, net sales increased by 46 per cent to Rs 16.39 crore and net profit increased by 82 per cent to Rs 23.6 crore compared to H1FY24.
The order book of the company as of September 30, 2024, stands at Rs 1,210 crore. The company has a market cap of over Rs 2,100 crore with multibagger returns of 275 per cent in just 1 year and a whopping 1,600 per cent in 5 years. Investors should keep an eye on this IT-software company’s stock.
Disclaimer: The article is for informational purposes only and not investment advice.