The shares of the leading IT Networking Company gained up to 6 percent after Samvitti Capital Alpha Fund has purchased equity shares in the company worth Rs 20 lakhs.
With a market capitalization of Rs 315.26 crore, the shares of Smartlink Holdings Ltd were trading at Rs 317.40 per shares, increasing around 5.69 percent as compared to the previous closing price of Rs 300.30 apiece.
As per moneycontrol report, Samvitti Capital Alpha Fund has purchased 72,110 equity shares which is equivalent to 0.7 percent of paid-up equity in Smartlink Holdings Ltd at an average price of Rs 277.81 per share.
Looking into the company’s finances, Smartlink Holdings Ltd’s revenue increased by 57 percent from Rs 49.98 Crore in Q4FY23 to 78.77 Crore in Q4FY24. During the same period, net profits increased by 379 percent from Rs 1.81 crore to Rs 8.68 crore.
The company’s profitability measures show an incline in return on equity (RoE) from 6.29 percent in FY 21-22 to 10.48 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 4.85 percent to 1.90 percent. In contrast, the net profit margin (NPM) was 11.79 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, promoters own 72.79 percent while Retail shareholders own a 27.21 percent stake in the company and foreign Institutional Investors own a 0 percent stake.
The company has been in the networking goods sector for over three decades, and its activities include sourcing, manufacture, sales, marketing, and support. It reorganized its activities into two distinct subsidiaries: Digisol Systems Ltd and Synergra EMS Ltd.
As of FY23, Digisol has 45+ Regional Distributors, 1200+ Partners, and 100+ System Integrators. The corporation also has 62+ service centres that cover 27000 pin codes.
Smartlink Holdings Limited is an Indian firm that specializes in information technology (IT) networking. It operates in two segments: investment and networking products. Its Investment division generates revenue from dividends, interest, rents, and capital gains from investments in securities and real estate.
Written by:- Abhishek Singh
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.
