Defence stock engaged in providing technology-based solutions to the aerospace, defence, automotive, telecommunications, semiconductor, and power distribution industries in focus upon receiving a new work order from the Department of Defence Research & Development (DRDO), Ministry of Defence.
Price Action
With a market capitalization of Rs. 1,330 Crores, the shares of Trident Techlabs Limited were trading at Rs. 770 per equity share, down 3.27 percent from the previous day’s close price of Rs. 796.
What Happened
Trident Techlabs Limited has received a new work order from the Department of Defence Research & Development (DRDO), Ministry of Defence, for providing High-Speed PCB Design-Power–Thermal Integrity Analysis Software and High-Speed PCB Design Rule Check Software for a consideration of Rs. 1.26 Crores and it should be delivered by August 10, 2024.
About the Company
Trident Techlabs Limited provides technology-based solutions to the aerospace, defence, automotive, telecommunications, semiconductor, and power distribution industries. It has 2 business verticals i.e., engineering solutions and power system solutions.
The engineering solutions business vertical provides consulting and technical services in system-level electronic design, chip-level electronic design, embedded design, hydraulic/pneumatic systems, system modelling, reliability and quality, design automation, power electronics, PCB design, and electromagnetic simulations.
Its Power System Solutions business vertical provides products and services to power distribution utilities that help them maximize the capacity of ageing transmission infrastructure, manage increasing intermittent generation from renewable energy sources, and deploy smart grid technologies that add complexity to transmission investment decisions.
Financials and Ratios
Its revenue from operations grew by 7.82 percent from Rs. 67.35 Crores in FY23 to Rs. 72.62 Crores in FY24, accompanied by profits of Rs. 5.55 Crores to Rs. 9.37 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 49.6 percent, and a return on capital employed (ROCE) of 38.1 percent. It has reported a debt-to-equity ratio of 0.41.
Written by: Bharath K.S
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