During Thursday’s trading session, the shares of the only listed robotics and automation company in India and a leading provider of turnkey automation solutions surged nearly 17.3 percent on BSE, after the company’s subsidiary commenced deliveries of autonomous EVs to warehousing clients in the USA.
Price Movement
With a market capitalisation of Rs. 508.7 crores, at 02:22 p.m., the shares of Affordable Robotic & Automation Limited were trading in the green at Rs. 452.3, up by nearly 13 percent, as against its previous closing price of Rs. 400.6.
The stock has delivered negative returns of nearly 10 percent in the last six months, as well as around 25 percent of returns in the last one month.
What’s the News
Affordable Robotic & Automation Limited (ARAPL), in its latest regulatory filings with the stock exchanges, announced that its subsidiary, ARAPL RaaS, has commenced delivering autonomous electric vehicles (EVs) to its warehousing clients in the USA.
With an order book valued at $4 million, ARAPL RaaS is positioning itself to capture a share of the $300 billion warehousing automation market.
About the Subsidiary
ARAPL RaaS, a subsidiary of ARAPL, is engaged in the business of warehousing solutions offerings; AS/RS; (Automatic Guided Vehicle) AGV; truck loading and unloading solutions; order fulfilment; conveyor systems; carousels.
It also provides Robotic Applications for palletizing and de-palletizing; stretch wrapping; pick & place; vertical warehouse automation; robots and robotic solutions; AI (Artificial Intelligence); and RaaS (Robotic as a Service).
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European Footprint and Market Expansion
The company is laying the groundwork for its entry into the European markets, once it marks significant revenues in the US this calendar year. This strategy is driven from similar client profiles and market synergies between the US and European regions.
In the coming years, this expansion will position the company among a select group of global industrial automation and warehousing robotics players.
Financials
Affordable Robotic reported a significant growth in the revenue from operations, experiencing a rise of nearly 37 percent YoY, increasing from Rs. 57 crores in Q3 FY24 to Rs. 78 crores in Q3 FY25.
Similarly, during the same period, the company’s net loss decreased from Rs. 18.4 crores to Rs. 14 crores, representing a growth of around 24 percent YoY.
Shareholding Pattern
As per the December 2024 shareholding pattern, the Promoters hold a 55.65 percent stake in the company, Foreign Institutional Investors (FII) hold a 0.22 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 43.57 percent and 0.55 percent stake in Affordable Robotic, respectively.
According to the latest shareholding pattern with the BSE, Vijay Kedia holds a 9.93 percent stake in the company.
About the Company
Incorporated in 2010, Affordable Robotic & Automation Limited is a robotic automation solution company that is engaged in offering a wide range of solutions for domestic and international markets, including automotive project-based line building, automated multilevel car parking systems, and warehousing automation solutions.
Written by Shivani Singh
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