Heavy Buying: Dheeraj Kumar Lohia-backed Small-cap Multibagger IT Company Bags Order Worth Rs 331.61 Crore – Stock Rallied Over 10 Per Cent Today

Rakesh Deshmukh
Heavy Buying: Dheeraj Kumar Lohia-backed Small-cap Multibagger IT Company Bags Order Worth Rs 331.61 Crore – Stock Rallied Over 10 Per Cent Today

The company’s shares have delivered an impressive return of over 380 per cent in the past 2 years.

Ceinsys Tech Limited has been awarded a Letter of Award by the State Water and Sanitation Mission (SWSM), Water Supply and Sanitation Department (WSSD), Government of Maharashtra. The contract, valued at Rs 331.61 crores (Rupees Three Hundred Thirty-One Crores and Sixty-One Lakhs Only), is for the appointment of System Integrators (SIs) for IoT deployment, including the design, implementation, and maintenance of a centralized IoT platform for Jal Jeevan Mission projects in Maharashtra, Phase II.

The project includes a two-year implementation period and a five-year operations and maintenance (O&M) phase, with the value of O&M to be determined separately.

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Today, the company’s shares rallied over 10 per cent, and currently trading at around Rs 785 and the current market capitalization stands at Rs 1290.32 crore. Additionally, the shares have delivered an impressive multibagger return of over 185 per cent in the past 1 year only.

As per the Quarterly Results, in the Q1 FY25, Ceinsys Tech Limited recorded a revenue of Rs 74 crore compared to Rs 54 crore. It reported an operating profit of Rs 13 crore. The net profit stood at Rs 12 crore compared to Rs 8 crore. Looking at the annual performance, the company generated a revenue of Rs 253 crore in FY24 compared to Rs 220 crore. The operating profit for FY24 was Rs 46 crore with a net profit of Rs 35 crore compared to a profit of Rs 31 crore in FY23.

FIIs bought a 4.27 per cent stake in September 2024, and ace investor Dheeraj Kumar Lohia owns a 1.01 per cent stake in the company.

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

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