The shares of the IoT devices manufacturer gained up to 2 percent after the company signed a manufacturing and Supply Agreement (“MSA”) with a Global Customer.
With a market capitalization of Rs 476.79 crore, the shares of Panache Digilife Ltd were trading at Rs 313.10 per share, increasing around 1.99 percent as compared to the previous closing price of Rs 307 apiece.
Reason for rise
The shares of the company have seen positive movement after Panache Digilife Ltd signed a Manufacture and Supply Agreement (“MSA”) with a Global Customer for the manufacture and supply of laptops.
Furthermore, This agreement underscores Panache Digilife’s commitment to driving innovation and sustaining growth within the global technology market. Through this agreement, Panache Digilife continues to enhance its reputation as a leading player in the electronics manufacturing space.
Moreover, Under this MSA, Panache Digilife will use its cutting-edge manufacturing infrastructure to create cutting-edge laptops that fit the specific needs of its global consumers.
This collaboration not only boosts the company’s position in the competitive laptop market but also contributes to its ongoing attempts to expand its reach abroad.
Financial performance
Looking forward to the company’s financial condition, revenue zoomed by 14 percent from Rs 20.58 crore in Q2FY24 to Rs 23.46 crore in Q2FY25, during the same time frame net profit magnified by 665 percent from Rs 0.29 crore to Rs 2.22 crore.
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Ratio analysis
The company’s critical ratios show that the return on equity decreased from 2.62 percent in FY22-23 to 1.73 percent in FY23-24, while the return on capital employed decreased from 15.77 percent to 23.94 percent. The net profit margin (NPM) for fiscal year 23-24 is 0.55 percent.
Shareholding pattern
In the company’s recent shareholding pattern, the Promoters of the company own 51.61 percent while Retail shareholders own a 48.39 percent stake in the company and domestic Institutional Investors own a 0 percent stake.
Company portfolio
Panache Digilife Limited is an information and communications technology (ICT) and Internet of things (IoT) devices design, manufacturing, distribution, and services company. It is focused on smart computing devices & virtualization, smart & digital classrooms, smart & connected cars, retail lots and smart water, and other electronic manufacturing opportunities.
Written by Abhishek Singh
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