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Under Rs 200: Microcap Company Secures Rs 3,96,00,000 Order – Net Profit Surged by 460 Per cent in FY24!
Rakesh Deshmukh

Under Rs 200: Microcap Company Secures Rs 3,96,00,000 Order – Net Profit Surged by 460 Per cent in FY24!

The company’s shares have delivered an impressive return of around 100 per cent to its shareholders.

Slone Infosystems Limited, a micro-cap company established in December 2022, is engaged in providing IT hardware solutions. The company sells and rents a range of IT equipment, including laptops, desktops, servers, and workstations. Additionally, it offers IT solution services to corporate clients, such as managing cloud servers and servicing IT equipment.

Slone Infosystems Limited has secured an order worth Rs 3.96 crore (plus GST) for the supply of 600 Lenovo L14 laptops, model 21H1S0PM00. The specifications include a 14.0" FHD display, Intel i5-1335U processor, 16GB RAM, 512GB SSD, Windows 11 Pro, FHD camera, fingerprint reader, Wi-Fi and Bluetooth connectivity, backlit keyboard, backpack, and a 3-year Premier support with CO2 offset feature.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

The shares of Slone Infosystems are currently trading at around Rs 174.50 per share. The company’s current market capitalization stands at Rs 91.94 crore. The stock has delivered a multibagger return of over 130 per cent compared to its IPO issue price of Rs 79 each.

As per the Quarterly Results, in the fourth quarter of FY24, Slone Infosystems Limited recorded a revenue of Rs 40.45 crore. The operating profit for Q4 FY24 stood at Rs 3.30 crore. The net profit for Q4 FY24 was Rs 2.06 crore. Looking at the annual performance, the company generated a revenue of Rs 60.69 crore in FY24, compared to Rs 30.22 crore in FY23. The operating profit for FY24 was Rs 6.49 crore with a net profit of Rs 4.19 crore compared to a profit of Rs 0.75 crore in FY23 representing a gain of around 460 per cent YoY.

According to the shareholding pattern, promoters own 73.01 per cent, and public investors own 26.48 per cent. FIIs and DIIs own 0.46 per cent and 0.06 per cent stake in the company.

Investors must keep this stock on their radar.

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

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1 comments on article "Under Rs 200: Microcap Company Secures Rs 3,96,00,000 Order – Net Profit Surged by 460 Per cent in FY24!"

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Krish 09842138894

Good morning. Your report very wel need more large cab order news sir thank you

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