This Multibagger Tech Company Secures Order from State Water and Sanitation Mission, Stock Hits Upper Circuit Today!
The company’s shares have delivered an impressive return of over 150 per cent in just 1 year.
Incorporated in 1998, Ceinsys Tech Limited specializes in Enterprise Geospatial & Engineering Services, software sales, and electricity distribution.
Recently, the company has received an extended letter until December 31, 2024, for two significant projects from the State Water and Sanitation Mission (SWSM), Uttar Pradesh. These projects involve serving as consultants for Third Party Inspection (TPI) and monitoring the progress of Rural Water Supply Projects in Lucknow and Devipatan clusters through a Quality and Cost Based Selection (QCBS) process. This extension marks the second for these clusters, following an initial award in the fiscal year 2021-22. The contract's value will depend on the actual execution of the projects during their duration.
Share Performance:
Today Ceinsys Tech Limited shares closed the day at Rs 545 per share. The company’s current market capitalisation stands at Rs 890.50 crore. The stock has delivered a multibagger return of over 150 per cent in just 1 year only.
Financial performance:
According to the Quarterly Results, in Q4 FY24, Ceinsys Tech Limited reported a revenue of Rs 78 crore and an operating profit of Rs 12 crore. The operating profit margin for the quarter stands at 16 per cent. The company’s net profit stood at Rs 12 crore. In FY24, the company reported a revenue of Rs 253 crore compared to Rs 220 crore and a net profit of Rs 35 crore, compared to a profit of Rs 31 crore in the previous year.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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