Under Rs 50: Microcap Company Secures Order Worth Rs 1,21,98,604 from Endurance Technologies – Stock Rallies Over 9 Per cent with Volume Surge by 3.15 Times on BSE!

The company has reduced its debt in FY24.

Incorporated in 2015, 3C IT Solutions & Telecoms (India) Limited is a systems integration company specializing in IT solutions. The company offers a wide range of IT integration services, covering areas such as Power Management and Data Centers. With strong partnerships and proven expertise, they deliver system integration services that ensure seamless operations and optimal performance.

This micro-cap company has received substantial purchase orders worth Rs 1,21,98,604 from Endurance Technologies Limited. The order includes 254 units of DESKTOP V55T GEN2 LENOVO, with a total value of Rs 1,21,98,604.

Read Microcap Company Secures Multiple Orders in Single Day Worth Rs 1,24,47,549: Stock Hits Upper Circuit, Gains Over 875 Per cent in Just 3 Months!

Currently, the shares of 3C IT Solutions & Telecoms (India) are trading at around Rs 37.78 per share on the BSE. The company’s current market capitalization stands at Rs 22.74 crore.

Looking at the annual performance, the company generated a revenue of Rs 29.84 crore in FY24 compared to Rs 61.93 crore representing a de-growth of 52 per cent. The operating profit for FY24 was Rs 2.23 crore with a net profit of Rs 0.12 crore compared to a net profit of Rs 1.14 crore in FY23 representing a de-growth of around 89.50 per cent YoY. Looking at the company’s balance sheet it has reduced its debt from Rs 13.40 crore to Rs 5.21 crore.

According to the shareholding pattern, promoters own 51.67 per cent, while the remaining 48.34 per cent is held by public investors.

Check out my recent article here.

Investors must keep this stock on their radar.

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