Rs 70 multibagger penny stock hit fresh 52-week high as it strengthens global presence & market leadership through majority stake acquisition in ITCube Solutions for Rs 84 crore

From Rs 1.75 per share to Rs 70 per share, the stock gave multibagger returns of 3,900 per cent in 3 years.

One Point One Solutions Limited, a leader in next-generation Business Process Management (BPM) services, has announced the acquisition of a majority stake in IT Cube Solutions Pvt Ltd which is an IT + BPM/KPO services company headquartered in Pune and Cincinnati, Ohio. This acquisition will enable One Point One Solutions to expand its current verticals, including healthcare and offerings in IT services.   IT Cube Solutions is a premier provider of Software Development, Business Process Outsourcing and IT-enabled Services with customers, partners & offices worldwide.

The over two-decade-old professionally run, debt-free, profitable company with 600+ professionals servicing BPM & software operations offers cutting-edge operations & digital solutions in the Healthcare & Construction space. The company has 30+ leading brands across the USA, England, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore & Australia, with an impressive 10+ clients serviced in the last 15 years. The consolidated turnover (revenue from operations) of IT Cube for the financial year ended March 31, 2023, was Rs 53.57 crore with an EBITDA of Rs 12.15 crore.

Akshay Chhabra, Managing Director, One Point One Solutions said, that it has acquired IT Cube Solutions, a company with expertise in IT, BPM, and KPO services. This acquisition will help One Point One Solutions to expand its global presence, broaden its verticals, and enrich its capabilities to cater to clients across diverse industries. The synergies between the two companies will create new opportunities for innovation and growth. One Point One Solutions is committed to delivering unparalleled value to its clients and stakeholders and is confident that this acquisition will be a transformative milestone for the company.

India is one of the preferred destinations for setting up Global Capability Centers (GCCs). The IT Industry pegged at 7.4 f of India's GDP, is projected to be 10 per cent in 2025. Besides, India accounts for 40 per cent of global sourcing spending.

Global Healthcare BPM market, estimated at USD 309.6 Bn in 2023, is projected to grow to USD 490.84 Bn by 2027, at a CAGR of 12.2 per cent globally. Cost optimisation in healthcare companies is driving growth for outsourcing. Rising incidence of chronic diseases, increased emphasis & usage of medical devices, growing demand for the preservation of medical records and healthcare reforms, rising cost of building healthcare infrastructure, and digitised medical Document Management System, which shortens retrieval time, will drive the growth of the Healthcare BPM market.

One Point One Solutions Ltd. streamlines businesses through diverse services like customer care, finance, sales, marketing, and IT, empowering clients like Baroda AMC, Jaquar, Edelweiss Tokio Life, and Tata SME to maximize efficiency and results.  

Q3FY24 - Financial Highlights

• Total Income was at Rs 42.11 crore, as compared to Rs 35.54 crore in Q3FY23, registered a growth of 18.5 per cent.
• EBITDA was at Rs 15.08 crore, as compared to Rs 8.18 crore in Q3FY23, registered a growth of 84.5 per cent.
• EBITDA Margin was at 35.8 per cent, increased from 23 per cent in Q3FY23.
• Net Profit was at Rs 5.97 crore, as compared to Rs 2.14 crore in Q3FY23, growing by 2.8 times.
• EPS was at Rs 0.30 per share, as compared to Rs 0.11 per share in Q3FY23, a growth of 162.8 per cent.

9MFY24 - Financial Highlights

• Total Income was at Rs 121.86 crore, as compared to Rs 105.52 crore in 9MFY23, registered a growth of 15.5 per cent.
• EBITDA was at Rs 41.23 crore, as compared to Rs 25.46 crore in 9MFY23, registered a growth of 62 per cent.
• EBITDA Margin was at 33.8 per cent, increased from 24.1 per cent in 9MFY23.
• Net Profit was at Rs 14.72 crore, as compared to Rs 5.84 crore in 9MFY23, grown by 2.5 times.
• EPS was at Rs 0.75 per share, as compared to Rs 0.31 per share in 9MFY23, a growth of 141.6 per cent.

During the quarter, the company welcomed two new modern-age clients, namely Tata ONDC and VLCC, anticipating increased volume from them in upcoming periods. Additionally, several contracts are in the pipeline, with expectations to finalize them in Q4FY24. The recent addition of leaders in the previous quarter has bolstered our position within the rapidly evolving BPM industry.

In terms of the US business update, our enhanced brand visibility and engagement in the US market have been driven by ongoing strategic initiatives in Account-Based Marketing (ABM) programs, robust digital marketing campaigns, and the utilization of our dedicated sales teams' extensive network.

Today, as the stock market was flattish, shares of One Point One Solutions Ltd also gained 4.71 per cent and made a fresh 52-week high of Rs 70 per share from its previous closing of Rs 66.85 per share with an intraday high of Rs 70 and an intraday low of Rs 64.25.

From Rs 1.75 per share to Rs 70 per share, the stock gave multibagger returns of 3,900 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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

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