Multibagger stock under Rs 50: Spice Lounge Expands Technology Capabilities with Acquisition of Singapore-Based Prisha Infotech

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Multibagger stock under Rs 50: Spice Lounge Expands Technology Capabilities with Acquisition of Singapore-Based Prisha Infotech

The stock has given multibagger returns of 705 per cent from its 52-week low of Rs 6.79 per share and a whopping 4,100 per cent in 5 years.

Spice Lounge Food Works Limited (BSE: 539895) has announced that its Board of Directors approved the acquisition of a 100 per cent stake in Singapore-based Prisha Infotech. The deal is valued at USD 150,000 and will be completed via cash consideration. This strategic move is expected to be finalised within 12 months from the execution of definitive agreements and requires no additional regulatory approvals.

The acquisition is designed to integrate Prisha Infotech’s software development and programming capabilities into Spice Lounge’s operations. By embedding technology-enabled solutions into its business model, the company aims to enhance its supply chain management, point-of-sale systems, and data-driven decision-making. This digital foundation will support improved operational efficiency and customer engagement across Spice Lounge's multi-format food service portfolio.

Founded in May 2021, Prisha Infotech operates in the IT services sector and has shown steady financial performance, reporting a turnover of USD 7.86 million in FY2025. This acquisition allows Spice Lounge Food Works to diversify its hospitality platform and establish a global presence in Singapore. The move marks a transition toward becoming a technology-enabled entity capable of delivering scalable experiences across dine-in, delivery, and emerging formats

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About the Company

Spice Lounge Food Works Limited (SLFW), a publicly listed food service company, is leveraging over 75 years of combined hospitality expertise to drive India's dining innovation. The company manages and scales more than 13 outlets across two states under a portfolio of leading global and homegrown brands, utilising operational excellence and technology to deliver consistent, high-quality casual, quick-service, and fast-casual dining experiences. Formerly known as Shalimar Agencies Limited, SLFW is making a strategic shift into the experiential market by acquiring Rightfest Hospitality, which operates venues like XORA Bar & Kitchen and SALUD beach club, positioning SLFW as an all-encompassing lifestyle powerhouse targeting affluent millennials and tourists, with the Chairman further authorized to evaluate the acquisition of a majority stake in the international luxury dining group Blackstone Management LLC for a global platform.

The company announced stellar Quarterly Results (Q2FY26) and half-yearly (H1FY26) results. In Q2FY26, the net sales increased by 157 per cent to Rs 46.21 crore and net profit increased by 310 per cent to Rs 3.44 crore compared to Q2FY25. Looking at H1FY26, the net sales increased by 337 per cent to Rs 78.50 crore and net profit increased by 169 per cent to Rs 2.26 crore compared to H1FY25. In FY25, the company reported net sales of Rs 105 crore and net profit of Rs 6 crore.

The company has a market cap of over Rs 3,400 crore. The stock has given multibagger returns of 705 per cent from its 52-week low of Rs 6.79 per share and a whopping 4,100 per cent in 5 years.

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