EMS stock held by Ashish Kacholia,engaged in the design and manufacturing of electronics in India, in focus upon receiving a work order worth USD 1.8 million.
With a market capitalization of Rs.1135 crores on Monday, the shares of Aimtron Electronics Ltd hit a 2% lower circuit and closed at Rs.544.90 compared to its previous closing price of Rs. 556.
What happened
Aimtron Electronics Limited has made a major announcement by venturing into the Artificial Intelligence sector,upon securing a new work order valued at USD 1.8 million.
Aimtron Electricals Limited has secured a turnkey project order for a complete box build, valued at USD 1.8 million, in the artificial intelligence sector. The order has been awarded by an international entity and involves both international and domestic components and the project is set to be executed within a 12-month timeframe.
About the company
Aimtron Electricals Limited engaged in the business of offering products and services for electronics system design and manufacturing (ESDM), specializing in high-precision engineering solutions of high value.
Financials
The company’s revenue rose by 35 percent, growing from Rs 43 crore in September FY23 to Rs 58 crore in September FY24. Meanwhile, Net profit saw an increase, rising from Rs 7 crore in September FY23 to profit of Rs 11 crore in September FY24 during the period.
Key Financial ratios
Aimtron Electronics Limited has an impressive Return on Equity (RoE) of 12.63 percent and a Return on Capital Employed (RoCE) of 16.96 percent and Furthermore, the company’s debt-to-equity ratio is 0.01.
Ace Investor
The Ace Investor Ashish Kacholia holds a total of 225,600 shares in Aimtron Electronics Ltd, representing a 1.11 percent stake in the company which was bought as of September 2024.
Stock Performance
The stock has provided impressive multibagger returns of about 126.10 percent over the year, along with a remarkable 4.38 percent gain in the last three months of 2024, it has continued to perform strongly.
Written by Sridhar J
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