Engineering stock specializing in providing end-to-end engineering services tailored for aviation infrastructure jumped 2 percent in the day’s trade upon receiving a new work order from Cochin International Airport Limited for the supply of Firefighting Robots.
Price Action
With a market capitalization of Rs. 338 Crores, the shares of Anlon Technology Solutions Limited were trading at Rs. 540 per equity share, up 1.5 percent from its previous day’s close price of Rs. 532.
What Happened
Anlon Technology Solutions Limited has received a new work order from Cochin International Airport Limited for the Supply, Testing, Commissioning, and Handing over of multipurpose Fire Fighting Robots for a consideration of Rs. 1.15 Crores, and the work order should be executed within 8.5 months.
About the Company
Anlon Technology Limited specializes in providing end-to-end engineering services tailored for aviation infrastructure including fire fighting trucks, rubber removal machines, spare parts, and other equipments. It performs sourcing, supervising, quality control, transportation, and installation of equipment for airports, government, municipalities, refineries, and many others.
It has a strong clientele base with well-known players like Reliance Industries Limited, Hindustan Aeronautics Limited, BPCL, Jindal Steel and Power Limited, Airport Authority of India, Indira Gandhi International Airport, New Delhi, and many others.
Financials and Ratios
Its revenue from operations grew by 6.48 percent from Rs. 32.89 Crores in FY23 to Rs. 35.02 Crores in FY24, accompanied by profits of Rs. 4.44 Crores to Rs. 4.52 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 17.9 percent, and a return on capital employed (ROCE) of 24 percent. It has reported debt-to-equity ratio of 0.12.
Written by: Bharath K.S
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