Shares of this microcap company clocked 5 percent upper circuit in Thursday’s trading session after receiving an order worth Rs. 1.32 crores. The shares have delivered a multibagger return of 177 percent in six months to its shareholders.
With a market capitalization of Rs. 84.5 crores, the shares of Atishay Ltd started Thursday’s trading session on a higher note at Rs. 74.70 compared to its previous close of Rs. 73.26. During the trading session, the shares clocked a 5 percent upper circuit at Rs. 76.92 apiece, also recorded as the company’s fresh 52-week high.
Such a bullish movement in the share price was observed after the company in an exchange filing announced that it had recently secured a new purchase order in the domain of PACS Digitisation, from the Jaipur Central Co-operative Bank Limited, for supplying MicroATM devices as part of the PACS Digitisation initiative in Rajasthan. The estimated value of this project stands at Rs. 1.32 crores.
Furthermore, they mentioned that the successful implementation of this project will empower the PACS in Rajasthan with advanced technology, enhancing their efficiency and accessibility.
Coming onto the company’s financial statement, the revenue magnified by 61 percent from Rs. 7.30 crores in the September quarter to Rs. 11.76 crores during the December quarter. In addition, the net profits zoomed by 45 percent from Rs. 1.30 crores to Rs. 1.89 crores during the same period.
The projects undertaken by the company are Aadhaar Technical (Software) Project Management, Election Project Management, Legal Metrology, E- Measurement Book, GPS Vehicle Tracking System, Aadhaar-enabled Biometric Attendance System, and Aadhaar Enrollment.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 0.30 percent during FY 21-22 to 1.43 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 1.71 percent to 3.03 percent during the same timeframe. Furthermore, the net profit margin increased from 0.56 percent during FY21-22 to 2.42 percent during FY22-23.
Headquartered in Mumbai, Atishay was incorporated in 2000. It is an IT software development company that provides customized software solutions for businesses, specializing in providing customized solutions to clients in the government and banking sectors in India. The company offers services such as data management, e-governance, retail fintech, and the implementation of turnkey IT solutions.
Written By Vaibhav Patil
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