Debt-Free Penny Stock Below Rs 40: Company Receives Domestic & Foreign Entity Orders

Trust Fintech Ltd strengthened its international footprint by securing a significant work order from FASYL, Nigeria, a foreign entity. This contract involves the development of the XnettTrust Lightweight Core Banking System and is valued at approximately USD 2,20,000 (roughly Rs 2 crore). The project is set for a rapid execution timeline of just three months, highlighting the company’s agility in delivering specialised banking solutions to global markets.

On the domestic front, Trust Fintech has secured a long-term purchase order from WNSB BANK for a new Core Banking Software (CBS) along with other digital interfaces. This domestic contract is valued at Rs 1,78,50,000 and carries a substantial execution and maintenance period of five years. By balancing short-term international development projects with multi-year domestic service contracts, the company is building a diversified revenue stream.

About the Company

Trust Fintech Ltd, established in 1998, is a CMMI Level 5, ISO 9001:2015, and ISO 27001:2013 certified company providing software and allied services. Their business encompasses a wide range of solutions, including banking software, ERP implementation, custom software development, SAP B1, and offshore IT services. With advanced development centers in Nagpur, Pune, and Mumbai, Trust Fintech Ltd serves a global clientele and partner network spanning over 20 countries.

According to annual results (FY25), the company reported net sales of Rs 31.26 crore and net profit of Rs 9 crore. The company has a market cap of Rs 94 crore with promoters holding 68.91 per cent stake and as of September 2025, it is debt-free. The shares of the company have a PE of 11x, an ROE of 12 per cent and an ROCE of 16 per cent.

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