The shares of the leading SAP solutions company touched a 5 percent upper circuit after the company’s subsidiary signed an exclusive agreement with a Japanese firm to implement an SAP billing management system.
On Tuesday, Adroit Infotech Ltd shares hit a 5 percent upper circuit at Rs 21.60 per share, up Rs 1.02 from the previous close price on the National Stock Exchange. The company has a market capitalization of Rs 43 crores.
Verso Altima Private Limited a wholly owned subsidiary owned by Adroit Infotech Limited., has signed an exclusive entered into Agreement with Fujitsu a leading SAP and IT solutions global provider, in Japan, for the implementation of SAP-BRIM(Billing and Revenue Innovation Management) implementation globally. According to the company’s filing.
In addition, Verso Altima Private Limited also entered into an Agreement with a leading Charging Solution provider based in the USA. To integrate its Charging solution with SAP-BRIM software for its customers.
The operational income of Adroit Infotech has risen year on year, from Rs 6 crore in FY 21-22 to Rs 22 crore in FY 22-23. During the same time period, the net has increased from Rs 0.62 crore to Rs 3.78 crore.
Adroits operating margin has increased from 13.28 percent in FY22 to 18.62 percent in FY23, while the net profit margin rose from 9.71 percent to 16.85 percent during the same period.
According to the latest shareholding pattern, the company promoters hold a 45.07 percent stake in the company and retail investors hold a 54.93 percent stake.
Adroit Infotech Ltd is primarily engaged in the business of SAP Support Services. The company provides a range of business solutions, including business and technology consulting, enterprise solutions, and systems integration.
Adroit Infotech belongs to the Penny stocks category with a low market capitalization and a low trading volume. So retail investors must conduct extensive research
before investing in penny stocks, because such penny stocks are volatile in nature, are rarely traded, and a small number of trades may result in a circuit limit.
Written by Omkar Chitnis
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