Synopsis:
Atishay Ltd saw a 7% increase in stock price following a new order from the Karnataka State Election Commission for a period of 5 years.
The shares of an IT Consultancy and Services company engaged in the business of providing customized software solutions for businesses are in focus as a result of a new order from the Karnataka State Election Commission.
With the market capitalization of Rs. 151 crores, the shares of Atishay Ltd were trading at Rs. 138, up by 7 percent from its previous day’s close price of Rs. 128.95 per equity share.
Work Order
The Karnataka State Election Commission has given Atishay Limited and its partner Gundal Business Pvt. Ltd. a five-year contract. The work includes preparing and printing photo electoral rolls for local body elections in 31 districts. Although the contract is rate-based and has no fixed value, it is anticipated to have substantial potential based on actual work orders during the period, which is valid until July 20, 2030.
About the Company & Others
With more than 25 years of experience, Atishay Limited is a leading provider of IT services in India, providing software services, financial inclusion, e-Government, and IT consulting. Operating in seven states, Atishay has partnered with numerous government agencies and public sector organizations to positively impact over 15 crore citizens. The company has completed more than 100 projects to date and is working on several other projects.
The company’s revenue for FY2024–2025 increased by 18.24 percent year over year from 43.26 crores to Rs. 51.15 crores. Net profit saw a sharp increase of 26.3 percent, from Rs. 5.55 crores to Rs. 7.01 crores.
At the moment, the company’s P/E ratio is 19.9x as compared to its industry P/E 46.4x, and its ROE and ROCE are 15.4 percent and 20.4 percent, respectively. The D/E ratio of the company stands at 0.09. This shows companies’ strong financial performance and low leverage.
Written by Akshay Sanghavi
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