Multibagger IT Penny Stock Under Rs 10; Company Reports A 7,600 Per Cent Jump In Net Profit in FY25

The company has a market cap of Rs 9.51 crore and the stock has given multibagger returns of over Rs 120 per cent from its 52-week low of Rs 4.46 per share.

TeleCanor Global Limited, established in 1991 and listed on the BSE, was formed with the ambitious vision of becoming India's most preferred payment gateway through a unified platform encompassing SMS, IVR, voice recognition, outbound calls, call centers, and POS systems. Drawing upon their prior experience in seamless off-shore software development for the US market, the team was driven to enter the Indian market, seeking the ideal product mix to create a significant impact. After careful evaluation of various opportunities, TeleCanor strategically decided to focus on the rapidly growing Mobile Value-Added Services (VAS) sector alongside their Payment Gateway business, leveraging the expertise of their talented and motivated team of professionals with diverse business backgrounds.

According to Quarterly Results, the net sales increased by 1,535 per cent to Rs 4.25 crore and net profit increased by 294 per cent to Rs 1.37 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 1,435 per cent to Rs 3.99 crore and net profit increased by 7,600 per cent to Rs 0.77 crore in Q4FY25 compared to Q4FY24.

The shares of the company have a PE of 15x whereas the industry PE is 29x. The promoters of the company own 22.99 per cent stake, DIIs own 0.14 per cent stake and rest 76.87 per cent stake is owned by public shareholders. The company has a market cap of Rs 9.51 crore and the stock has given multibagger returns of over Rs 120 per cent from its 52-week low of Rs 4.46 per share. Investors should keep an eye on this penny IT stock.

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