The shares of the smart technology and analytics solution provider hit 5% upper circuit of Rs 571.65 apiece after the company received a work order of Rs 2.79 crore for the renewal of 35 AutoCAD severe-based licenses.
With a market capitalization of Rs 934.04 crore, the shares of Ceinsys Tech Ltd were trading at Rs 571.65 per share, increasing around 5 percent as compared to the previous closing price of Rs 544.45 apiece.
According to the company filing, Ceinsys Tech Ltd has received a work order of Rs 2.79 crore for the renewal of 35 AutoCAD severe-based licenses from Brihanmumbai Municipal Corporation.
Looking into Ceinsys Tech Ltd’s performance sales grew by 21%, from Rs 52 crore in Q3 FY23 to Rs 63 crore in Q3 FY24. During the same period, net profit climbed by 233% from Rs 3 crore to Rs 10 crore.
The firm just received a service order from Fugro USA Land Inc. The order is for the extraction of assets for 15,581 miles of the New Mexico 2023/2024 Lidar project, totaling roughly Rs. 5.26 crore, from March to November 2024.
Enterprise Geospatial & Engineering Services revenue increased by 2.71% YoY compared to 2021-22 on a consolidated basis. At the consolidated level, the total grew by Rs. 472.21 lakhs in 2022-23 from 2021-22.
It has delivered multi-bagger returns of 185.04 percent in the last six months and 337.71 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 4.37 lakh in a year.
The company’s revenue from India increased by 17.5% from Rs 193.67 crore in FY2021-22 to Rs 164.47 crore in FY2022-23. Revenue from outside India climbed by 2.3% from Rs 2.51 crore in FY2021-22 to Rs 2.57 crore in FY2022-23.
Ceinsys Tech Limited, a member of the Meghe Group of Institutions, offers engineering, GIS, and IT solutions. It was incorporated in 1998. Its primary objectives are to generate, record, store, analyze, and manage geographical data.
Written by:- Abhishek Singh
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