IT-hardware solution company bags new orders worth Rs 14.09 crore from JBA Infosolutions Private Limited and a Proprietorship Firm

The stock is up by 90 per cent from its 52-week low of Rs 80.25 per share.

Slone Infosystems Limited, an Indian IT hardware solutions provider specializing in sales, rentals, and services for laptops, desktops, servers, and network equipment, has secured two substantial orders totalling Rs 14.09 crore plus GST for 5,000 Lenovo V14 laptops. The first order, from JBA Infosolutions Private Limited, Mumbai, involves 3,000 laptops, while the second, from a proprietorship firm, is for 2,000 units. Both orders must be fulfilled within 2-3 working days. This achievement, part of a recent series of significant orders, highlights Slone's growing dominance in the IT hardware market, strong operational capabilities and unwavering customer commitment. By expanding its market share and enhancing service offerings, Slone reinforces its position as a key player in the competitive Indian IT hardware industry.

Earlier, the company secured a substantial order valued at Rs 4.85 crore plus GST for 330 Holoware Workstation Xeon from a leading listed company. This significant contract underscores Slone's expanding role in the IT hardware sector and reinforces its reputation for delivering high-quality, customized IT solutions. The company is committed to a swift delivery timeline, with the workstations to be supplied within 7 working days.

Slone Infosystems Limited, founded in December 2022, is an Indian IT hardware solutions company that sells and rents IT equipment (laptops, desktops, servers, workstations) and provides IT solution services (cloud server management, IT equipment servicing) to corporate clients.

The stock was listed under the SME segment with a lot size of 1600 shares. On Monday, shares of Slone Infosystems Limited plunged 3.12 per cent to Rs 152 per share from its previous closing of Rs 157 with an intraday high of Rs 155.90 and an intraday low of Rs 150.40. The stock’s 52-week high is Rs 177 and its 52-week low is Rs 80.25.

The company has a market cap of Rs 82.72 crore. In its annual results, the company reported a net sales of Rs 30.22 crore, an operating profit of Rs 1.33 crore and a net profit of Rs 0.75 crore. The shares of the company have an ROE of 200 per cent and an ROCE of 122 per cent. The stock is up by 90 per cent from its 52-week low of Rs 80.25 per share. 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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