A micro-cap stock surged 6% after securing a contract worth Rs.10.4 crore from Maha Mumbai Metro Operation Corporation Limited for manpower services. This significant development has boosted investor confidence, highlighting the company’s growing presence in the market.
Price Movement
During Friday’s trading session, shares of Krystal Integrated Services Ltd reached an intra-day high of Rs.505.00 per share, rising 6.5 percent from its previous close of Rs.475.60 per share. However, the stock later declined and is currently trading at Rs.495.80 each. Over the past five days, the shares have delivered over 17 percent returns.
Contract Details
Krystal Integrated Services Ltd. has been awarded a contract by Maha Mumbai Metro Operation Corporation Limited on March 20, 2025. The contract involves providing Customer Support Associates and Supervisors at Mumbai Monorail stations for a period of 2 years. The total value of the contract is Rs.10,38,47,713.66, including GST. This contract is for domestic manpower services, reflecting the company’s growing role in the sector.
Revenue Segments
The company generates revenue across four main sectors. First, it provides Integrated Facilities Management Services (IFMS), including housekeeping, sanitization, gardening, MEP (mechanical, electrical, plumbing), waste management, pest control, and façade cleaning. The second sector is Security and Manned Guarding, which has been a core competency since the company’s inception.
The third sector, Staffing Solutions and Payroll Management, focuses on providing staffing services without offering direct service provision. The final sector is Catering Services, which operates centralized kitchens to serve corporate clients. This diverse portfolio enables the company to cater to various customer needs.
Also read: Maharatna stock jumps over 3% after receiving ₹7,500 Cr order from Gujarat Govt
Recent Developments
Recent developments include the award of a 3-year facility management contract by the Directorate of Medical Education and Research, Maharashtra, valued at approximately Rs.167 crores, covering multiple medical colleges and hospitals.
The company also secured a 5-year staffing and payroll management contract from the same organization, worth Rs.134.67 crores. Additionally, a contract was won from BRFL Textiles Limited for facility attendant services, valued at Rs.1.16 crores. Furthermore, the company has extended its contract with the Directorate of Medical Education and Research, Chennai, for housekeeping and security services until December.
Strategic Initiatives
The company has undertaken several strategic initiatives to strengthen its position in the market. It secured a waste management contract from Thane Municipal Corporation, valued at Rs.71 crores and valid until June 2026, which will enhance its qualifications for future municipal contracts.
Additionally, the company entered into a memorandum of understanding (MOU) with Vishnu Prasad Research Center (VPRC) to commercialize solid waste management technologies, with a focus on bio-enzymes for waste degradation. Furthermore, the company launched a new vertical in Technical Facilities Management, integrating robotics and AI to improve service delivery and operational efficiencies.
Financials
According to its latest financial update, Krystal Integrated Services Ltd reported consolidated revenue of Rs.257 crores in Q3 FY25, showing a 6 percent decline from Rs.273 crores in Q3 FY24. However, the company saw a surge in net profit to Rs.14 crores, rising 17 percent from Rs.12 crores in the same period last year.
Written by – Siddesh S Raskar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
