Microcap stock engaged in providing high-end supercomputing solutions and data center facilities jumps 4 percent in the day’s trade upon receiving new work orders worth Rs. 12.12 Crores for the supply, installation, and commissioning of servers, and data center network equipments.
Price Action
With a market capitalization of Rs. 335.65 Crores, the shares of Esconet Technologies Limited were trading at Rs. 330 per equity share, up 3.22 percent from the previous day’s close price of Rs. 319.70.
What Happened
Esconet Technologies Limited has received two new work orders for a total consideration of Rs. 12.12 Crores. The first work is for the supply of data center network equipment of Arista Networks, including installation and commissioning for a consideration of Rs.8.05 Crores, it aims to modernize the customer’s two data centers.
The second work order involves the supply and installation of servers and network-switching equipments to establish a private cloud at the client’s captive data center for a consideration of Rs. 4.07 Crores.
About the Company
Esconet Technologies Limited is engaged in providing high-end supercomputing solutions and data center facilities that include storage servers, network security, virtualization, and data protection.
Financials and Ratios
Its Revenue from operations grew by 45.24 percent from Rs. 95 Crores in FY23 to Rs. 137 Crores in FY24, accompanied by profits of Rs.3 Crores to Rs. 5 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 95.5 percent, and a return on capital employed (ROCE) of 54.6 percent. It has reported a debt-to-equity ratio of 0.06.
Written by: Bharath K.S
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