IT Stock engaged in providing Cloud Enablement, Digital Engineering Services, Cyber Security, Infrastructure Management, and many more jumped 18 percent in the day’s trade upon receiving a new work order worth Rs. 430+ Crores for deployment of AI Cameras across Pune.
Price Action
With a market capitalization of Rs. 1,574 Crores, the shares of Allied Digital Services Limited were trading at Rs. 282 per equity share, up 15 percent from its previous day’s close price of Rs. 244.85. It has delivered a multibagger return of 136 percent in a year.
What Happened
Allied Digital Services Limited has received the prestigious Pune Safe City Project i.e., a six-year contract in collaboration with the Pune Police and the Government of Maharashtra, Home Department, for a consideration of Rs. 430+ Crores.
The work includes designing, architect, integrating, implementing, and customizing a comprehensive set of solutions to enhance Pune’s security infrastructure with the deployment of more than 4,000 Artificial Intelligence (AI) enabled cameras across 1,400+ strategic locations throughout Pune city, significantly elevating the city’s surveillance capabilities.
The key highlights of the project are, Track 1 of the project shall cover O&M of the existing cameras for a period of 6 years and Track 2 shall cover Implementation of new infrastructure over 12 months followed by 5 years of O&M.
It will feature advanced Artificial Intelligence-enabled video analytics, an Automatic Number Plate Recognition (ANPR) system, a Vehicle Over speed Detection System (VDS) a Facial Recognition System (FRS), Drones, and Mobile surveillance vans to ensure robust security and monitoring
The Command-and-Control Center at the Commissioner of Police office and supporting Data Center will be upgraded with the implementation of additional capacity and installation of advanced software leading to improved efficiency and 24×7 real-time monitoring. Additional viewing facilities will be established at various police stations and key government offices.
Earlier, it was selected as the Master System Integrator (MSI) for the Integration of CCTV Surveillance with the Existing ITMS Control Room for the Ayodhya Smart City Project, along with the establishment of a multi-location CCTV surveillance system.
About the Company
Allied Digital Services Limited is an IT Consulting and systems integrator engaged in providing services of designing, developing, deploying digital solutions, and delivering end-to-end IT infrastructure services, Enterprise applications, and Integrated solutions.
Its offerings include Cloud Enablement, Digital Engineering Services, Work placement Management Services, Cyber Security, Software Services, Infrastructure Management Services, and many more.
Financials and Ratios
Its Revenue from operations grew by 6 percent from Rs. 169 Crores in Q1FY24 to Rs. 179 Crores in Q1FY25, accompanied by profits of Rs. 9 Crores to Rs. 10 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 8.23 percent, and a return on capital employed (ROCE) of 10.5 percent. It has reported a debt-to-equity ratio of 0.10.
Written by: Bharath K.S
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