AI stock engaged in the business of software development, providing surveillance, custom robots, drones, and many more jumped upto 3 percent in the day’s trade upon fixing record date for the bonus issue of 1:1.
Price Action
With a market capitalization of Rs. 1,892 Crores, the shares of Kody Technolab Limited were trading at Rs. 2,968.95 per equity share, up 2.3 percent from its previous day’s close price of Rs. 2,900.15.
What Happened
The Board of Directors of Kody Technolab Limited has fixed 6th December 2024, as the Record date for the purpose of ascertaining the eligibility of shareholders entitled to issuance of Bonus Equity Shares of the company.
Kody Technolab Limited has considered and approved issuing bonus shares of the company to its shareholders in the ratio of 1:1 where one equity share with a face value of Rs. 10 will be issued to every equity share with a face value of Rs. 10 held as on the record date.
About the Company
Kody Technolab Limited is engaged in the business of software development services to a diverse set of industries. It offers a wide range of services like custom software development, artificial intelligence implementation and consultation, and many more.
Kody Technolab Limited has ventured into the robotics space with its products such as India’s premier surveillance robot Athena, and its custom service robot Dasher.
Financials and Ratios
Its revenue from operations grew by 567 percent from Rs. 6 Crores in H1FY24 to Rs. 40 Crores in H1FY25, accompanied by profits of Rs. 1 Crore to Rs. 10 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 23.4 percent, and a Return on capital employed (ROCE) of 28.4 percent. It has reported a debt-to-equity ratio of 0.15.
Written by: Bharath K.S
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