Rs 185 million order book: FIIs-backed recently listed micro-cap IT stock reports turnaround story from net loss to net profit; do you own it?

The shares of the company have an ROE of 31.7 per cent and an ROCE of 41 per cent.

Yudiz Solutions Limited announced its half-yearly results for the year ended September 30, 2023. Here are the details:

According to the half-yearly results, revenue from operations increased by 45.5 per cent to Rs 158.8 million in H1FY24 compared to revenue from operations of Rs 109.1 million in H1FY23. The EBITDA increased by 895.8 per cent to Rs 30.8 million in H1FY24 compared to Rs 3.1 million in H1FY23. The company reported a net profit of Rs 13.3 million H1FY24 compared to a net loss of Rs 5.4 million in H1FY23, an increase of 347 per cent.

Earlier, Yudiz Solutions and Vodafone India (Vi) have partnered to launch a groundbreaking VR combat shooting game powered by 5G. The game offers players an immersive and exhilarating experience, allowing them to fully immerse themselves in the action and navigate the intricacies of virtual combat. A shared experience feature mirrors players' VR perspective on a large TV screen, allowing them to share their experience with others. Vodafone India's presence in 50 countries ensures seamless and uninterrupted gameplay, while Yudiz's inventive prowess delivers seamless, high-octane action with minimal latency. This partnership redefines the future of gaming, with 5G technology and Yudiz's brilliance promising extraordinary gaming experiences in the near future.

Furthermore, Yudiz has signed an MoU with India Accelerator, the largest startup accelerator in the country, as the preferred technology partner for over 200+ startups associated with the accelerator’s expanding global programmes. The MoU aims to leverage technology solutions, consultancy, and services expertise by Yudiz Solutions.

Incorporated in 2012, Yudiz Solutions Limited is engaged in the business of providing IT solutions and consultancy services. The company has a market cap of Rs 155 crore. According to the annual results, the net sales increased by 45.43 per cent to Rs 27.3 crore, operating profit increased by 176.5 per cent to Rs 6.09 crore and net profit increased by 271.6 per cent to Rs 2.75 crore in FY23 compared to FY22.

The company’s order book stands at Rs 185 million. Foreign institutional investors (FIIs) own a significant stake in the company, with Nav Capital VCC - Nav Capital Emerging Star Fund holding 1.53 per cent, Craft Emerging Market Fund PCC- Elite Capital Fund holding 1.03 per cent, and Foreign Portfolio Investors Category II holding 0.66 per cent.

Today, shares of Yudiz Solutions gained 0.33 per cent to Rs 151.5 per share from its previous closing of Rs 151 per share. The stock’s 52-week high is Rs 213.8 and its 52-week low is Rs 140.

The shares of the company have an ROE of 31.7 per cent and an ROCE of 41 per cent. Investors should keep an eye on this micro-cap stock.

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