Low PE and High Dividend Yield Stock: Jhunjhunwala, Utpal Seth and Madhusudan Kela-Backed Company Bags Order; Details Inside

In an interesting development, Aptech Limited has received a work order from a State Government Body for an estimated contract value of Rs 9.92 crore to conduct computer-based examinations, according to a regulatory disclosure.

The domestic contract relates to the provision of end-to-end computer-based examination services, with the exam process estimated to commence from May 2026. The order has been issued directly to Aptech Limited.

Under the terms of the contract, the company has been instructed to submit the final list of exam cities and examination centres, already audited by the State Government Body, along with the corresponding number of seats. The examination is required to be conducted strictly in accordance with the Request for Proposal (RFP) and the Master Service Agreement (MSA).

The agreement outlines specific terms and conditions, including the statement of work, defined deliverables, service level requirements, and payment terms. Aptech will execute the project in line with these contractual obligations.

The company clarified that neither its promoter nor promoter group or group companies have any interest in the entity awarding the contract. It further confirmed that the order does not qualify as a related party transaction.

Here’s an interesting observation from Aptech Limited’s shareholding pattern as of March 31, 2026. Ace Investors Late Shri Rakesh Jhunjhunwala and Rekha Jhunjhunwala together hold a 21.03 per cent stake in the company. In addition, Utpal Seth holds 1.5 per cent, while Madhusudan Murlidhar Kela holds 1.06 per cent stake.

Another notable shareholder is Rare Equity Private Limited, which holds 20.38 per cent stake in Aptech. Rare Equity Private Limited is an investment entity founded and owned by the late ace investor Rakesh Jhunjhunwala and his wife, Rekha Jhunjhunwala, and operates under the Rare Enterprises umbrella.

On the price front, Aptech’s share price has gained over 30 per cent in the last one month. Despite this rise, the stock is trading at a PE of 21.1x, which is below the industry average of 24.4x. It also offers a Dividend yield of 4.36 per cent.

Considering the presence of marquee investors, recent price momentum, reasonable valuation and dividend yield, Aptech may remain a stock to keep on the radar.

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