This Microcap AI stock which operates in the business of manufacturing and assembly of robots and their accessories, app developer, and other related service sector was up 6 percent after the company’s JV agreement with Platinum Group to manufacture robots in the UAE.
Price Action
With a market capitalization of Rs. 2,141.59 Crores, the shares of Kody Technolab Limited were up by 6.35 percent in the day’s trade touching a day’s high of Rs. 1,706 per share. The stock reiterated from the day’s high and was trading at Rs. 1,680 which is 4.73 percent higher than the previous closing price of Rs. 1,604.05 apiece. The stock has delivered a multi-bagger return of 672 percent in the past year and has outperformed the Nifty Index.
What Happened
The company has entered into a Joint Venture (JV) agreement with Platinum Group for Businessmen Services LLC for manufacturing and dealing with robots in the UAE and exporting from the UAE and other GCC countries in the Middle Eastern region. By establishing this new venture it can cater to local industries, businesses, retail, government, defence, and other sectors while delivering Made in UAE robots.
Kody Technolab will hold around 40 percent and the remaining 60 percent will held by Platinum Group for Businessmen Services LLP in the Joint Venture. Kody will supply advanced robotic components and integrated software solutions to the new Company,
which will manufacture and market the robots in the UAE. They would even provide technical expertise, and proprietary know-how in robotics and software, and invest in working capital. Platinum would contribute in-depth market knowledge, strategic marketing expertise, and state-of-the-art facilities for the factory to be set up.
About the Company
Kody Technolab Limited was established in 2017 and delivers comprehensive software development services across global markets. The company specializes in custom software solutions, AI implementation, IoT services, and IT consulting. Their skilled team develops mobile apps using Flutter, Android, iOS, and React Native technologies. Kody Technolab maintains a strong presence in the US, Canada, and the UK through sales representatives.
The company empowers businesses through digital transformation, leveraging cutting-edge technologies to solve complex challenges. The company experts create
enterprise mobility solutions and implement machine learning models for process automation and predictive analytics. The development team excels in various web technologies, including Laravel, Java, PHP, Python, and JavaScript frameworks.
Financials & Ratios
Its Revenue from operations grew by 566 percent year on year from Rs. 6 Crores in H1FY24 to Rs. 40 Crores in H1FY25, accompanied by a profit of Rs. 1 Crores to a profit of Rs. 10 Crores.
In terms of Return ratios, the company has a return on capital employed (ROCE) of 28.11 percent and the return on equity (RoE) stood at 23.41 percent. The net profit margin stood at 21.77 percent and the debt-to-equity ratio stood at 0.2 as of FY24.
Shareholding Pattern
As of the September 2024 shareholding pattern, Kody Technolab Limited has majorly held a promoter by 73.01 percent, a foreign institutional investor by 0.03 percent, a domestic institutional investor by 0.02 percent, and the public by 26.94 percent.
Written by Santhosh S
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