Micro-cap company receives work order of Rs 33.67 lakh from the Government of Maharashtra
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The stock is up by 61 per cent from its 52-week low of Rs 117 per share and has given multibagger returns of 500 per cent in 3 years.
Atishay Ltd has secured a significant domestic work order from the Government of Maharashtra’s State Health Assurance Society (SHAS) for the printing of PVC Ayushman Cards. Valued at Rs 33.67 lakh (inclusive of GST), the contract specifically covers the districts of Satara, Kolhapur, and Sangli. Under the terms of the agreement, the company is responsible for delivering the printed cards to Taluka Health Officers and Medical Officers of Health within the respective municipal corporations. This project falls under the integrated Ayushman Bharat–Pradhan Mantri Jan Arogya Yojana and Mahatma Jyotirao Phule Jan Arogya Yojana, requiring strict adherence to National Health Authority guidelines with a completion timeline of 180 days.
This latest award follows a series of similar contracts Atishay Ltd has successfully obtained across other states, including Odisha, Haryana, and Chhattisgarh. The repeat business from various government entities underscores the company’s operational excellence and its specialised role within the public sector welfare ecosystem. By securing this order, Atishay Ltd not only expands its current Order Book but also improves its revenue visibility for the upcoming quarters. This continued momentum reinforces the company’s strategic position as a reliable partner for large-scale, critical government digital and physical identification initiatives.
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Incorporated in 1989, Atishay Ltd is an IT consultancy and Services company that offers services of data management, software development, E-Governance, retail fintech and the implementation of turnkey IT solutions. The company has a market cap of over Rs 200 crore.
Annual Results: The net sales increased by 18 per cent to Rs 51.15 crore, the operating profit increased by 25 per cent to Rs 9.63 crore and the net profit increased by 26 per cent to Rs 7.01 crore in FY25 compared to FY24.
The stock’s 52-week high is Rs 219 per share and its 52-week low is Rs 117 per share. The stock is up by 61 per cent from its 52-week low of Rs 117 per share and has given multibagger returns of 500 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.