Smart robots manufacturer secured a prestigious order of Rs 25.53 crore from Falcon Tech Robotics LLC

Kody Technolab Limited has secured a significant order valued at approximately Rs 25.53 crore from Falcon Tech Robotics LLC, a prominent robotics solutions provider in the UAE. This order represents a crucial step in Kody Technolab's global expansion strategy, reinforcing its presence in the UAE and the broader Middle East. The engagement underscores the company's growing leadership in the global robotics and automation sector and is anticipated to positively impact its revenue visibility and strategic standing in international markets. Kody Technolab is committed to executing this order promptly and with high quality, while actively seeking further opportunities to enhance shareholder value.

The order entails the procurement of advanced robotics kits and/or robots, along with the necessary software programs for their operation, intended for manufacturing and/or assembling robots in the UAE. This international order is expected to be completed within eight months from the date of issuance, subject to current market conditions. Notably, Kody Technolab Limited holds a 40 per cent stake in Falcon Tech Robotics LLC, making this a related party transaction, which was conducted on an "arm's length" basis.

About the Company

Kody Technolab Ltd, incorporated in 2017, is an IT service provider specialising in digital transformation, application development, and AI-driven automation, with a focus on integrating AI, robotics, and app development to deliver intelligent solutions. The company manufactures and assembles robots and their accessories, and has completed over 250 projects for clients in more than 30 countries, offering products such as Dasher (a smart delivery robot), Athena (an advanced surveillance robot), Vulcan (an autonomous floor-cleaning robot), and Telos (a versatile robotic arm).

According to half-yearly results, the net sales increased by 88 per cent to Rs 32 crore and net profit increased by 75 per cent to Rs 7 crore in H2FY25 compared to H2FY24. The company reported net sales of Rs 2,323.45 lakh and profit of Rs 488.87 lakh in FY24.

The company has a market cap of Rs 946 crore with an ROE of 30 per cent and an ROCE of 38 per cent. The company is backed by promoters as they own over 73 per cent stake in the company. The stock is up by 11.6 per cent returns from its 52-week low of Rs 670 per share.

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