IT company received fresh & renewal of purchase orders worth Rs 4,14,44,399

Meta Infotech Ltd has secured new and renewal purchase orders totalling Rs 4,14,44,399. The first contract, valued at Rs 2,58,00,000 (excluding GST), was awarded by a leading Indian stock exchange for a software subscription. This domestic agreement includes a three-year commitment with annual renewals, and the initial execution is set to be completed within 90 days for the period spanning January 31, 2026, to January 31, 2027.

The company also received a renewal order from a prominent private sector Bank amounting to Rs 1,56,44,399 (excluding GST). This contract covers Database Activity Monitoring (DAM) licenses for the term of January 4, 2026, to October 22, 2026. As a domestic project, this order requires a swift turnaround, with execution slated for completion within 15 days.

Earlier, the company secured a major business influx with fresh and renewal purchase orders totalling Rs 1,394.59 lakh, reinforcing its momentum in the cybersecurity and cloud services sector. These contracts, spanning from early 2026 through 2029, feature a strategic mix of high-value new subscriptions—including two major implementations worth Rs 548.90 lakh and Rs 663.33 lakh—alongside essential annual renewals for existing clients. By balancing long-term service commitments with immediate implementations, the company continues to solidify its role as a key provider of integrated IT and cloud-based security solutions.

About the Company

Meta Infotech Ltd, a company incorporated in 1998, specialises in trading and providing services for cybersecurity software products. The company focuses on offering comprehensive, end-to-end cybersecurity solutions to organisations throughout India to secure information systems and ensure data integrity. To achieve this, Meta Infotech partners with various global original equipment manufacturers (OEMs) to source and distribute advanced cybersecurity products. Acting as an authorised reseller, the company provides solutions including secure access, web application Defence and cloud workload protection, offering a range of software products, licenses, and subscriptions.

The company has a market cap of Rs 178 crore and has delivered good profit growth of 64.2 per cent CAGR over last 5 years. The shares of the company have a PE of 13x, an ROE of 43 per cent and an ROCE of 51 per cent. The stock is up by 11.2 per cent from its 52-week low of Rs 85 per share.

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