Under Rs 100: This IT Company Bags Largest-Ever Order Worth Rs 11,81,00,000 in Its 24-Year History; Must-Watch
The shares of the company have delivered a return of around 16 per cent to its shareholders.
This micro-cap company has announced that the company has received a landmark order. This milestone marks the largest order in the company’s 24-year history, showcasing the remarkable trust clients have placed in the company
Slone Infosystems Limited, a leading provider of IT hardware solutions in India, recently secured a significant order valued at Rs 11.81 crore. The order encompasses the supply of 5000 Lenovo V14 G3 Laptops and comes from three esteemed Mumbai-based companies.
Silicon Rental Solutions Limited initiated the order with a request for 3,000 units on June 3, 2024, followed by Beehive Tech Solutions Private Limited's order for 500 laptops and Comprint Tech-Solutions (I) Private Limited's request for 1,500 laptops, all on June 5, 2024.
This milestone marks the largest order in Slone Infosystems Limited's 24-year history, showcasing the remarkable trust clients have placed in the company. Beyond promising a substantial revenue increase, this achievement solidifies Slone Infosystems Limited's position as a frontrunner in the IT hardware solutions market. Looking ahead, this success enhances the company's reputation and positions it as a dependable partner for forthcoming projects. It also underscores its proficiency in managing large-scale orders, ensuring continuous growth and success in the fiercely competitive IT industry.
Share Performance:
On Friday, the company's stock closed at around Rs 91.5 per share, with a market capitalization of Rs 48.2 crore. The stock has delivered a return of around 16 per cent compared to its final IPO issue price of Rs 79 each.
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 40.45 crore and a net profit of Rs 2.06 crore. In FY24, the company reported a revenue of Rs 60.69 crore compared to Rs 30.22 crore and a net profit of Rs 4.19 crore, compared to a profit of Rs 0.75 crore in the previous year.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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