Under Rs 200: Multibagger Micro-Cap Company Bags Order Worth Rs 98.70 Lakhs for Micro ATMs from Jodhpur Central Cooperative Bank
DSIJ IntelligenceCategories: Mindshare, Multibaggers, Trending
The company's net profit surged by 753 per cent YoY from Rs 0.65 crore to Rs 5.55 crore in FY24.
This micro-cap company, an IT Consultancy and Services company that provides customized software solutions for businesses, has secured a substantial work order resulting company’s shares have hit its 52-week high price today.
Work Order
According to the press release, the Jodhpur Central Cooperative Bank Ltd, Rajasthan, has awarded a work order to Atishay Ltd, with the project valued at Rs 98.70 lakhs. The project involves the supply, installation, commissioning, and maintenance of Micro ATMs as part of the PACS Digitisation initiative in Rajasthan. This order strengthens Atishay's presence in agricultural finance, building on its ongoing digitization projects in Madhya Pradesh and Himachal Pradesh. The company emphasizes its commitment to transparent and ethical business practices, noting no promoter involvement in the project allocation.
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Share Performance
Looking at the share performance, at the start of the day's trading session, shares of Atishay Ltd opened at Rs 197 per share, compared to the previous day's closing price of Rs 189.30 per share on the BSE. Finally, the shares closed at around Rs 195.20 per share. The company's current market capitalization stands at Rs 214.36 crore. Additionally, the company’s shares have delivered over 325 per cent multibagger return in the past 1 year.
Financial Performance
As per the Quarterly Results Atishay Ltd recorded a revenue of Rs 13.01 crore compared to Rs 7.30 crore. The operating profit reported by the company was Rs 2.07 crore compared to Rs 1.39 crore while the margin stood at around 15.91 per cent compared to 19.04 per cent. The net profit stood at Rs 1.45 crore compared to a profit of Rs 1.03 crore. Looking at the annual performance, the company generated a revenue of Rs 43.26 crore in FY24. The operating profit for FY24 was Rs 7.72 crore with a net profit of Rs 5.55 crore compared to a net profit of Rs 0.65 crore in FY23 representing a growth of 753 per cent YoY.
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Disclaimer: The article is for informational purposes only and not investment advice.