Defence stock engaged in providing technology-based solutions to the aerospace, defence, automotive, telecommunications, semiconductor, and power distribution industries hit a 5 percent upper circuit upon receiving a work order from DRDO worth Rs. 40.52 Crores.
With a market capitalization of Rs. 778 Crores, the shares of Trident Techlabs Limited hit a 5 percent upper circuit in the day’s trade at Rs. 450.75, from its previous day’s close price of Rs. 429.30.
Trident Techlabs Limited has received a new work order from the Defence Research and Development Organization (DRDO) for providing AMC Support for EDA, COMSOL Multiphysics, and Reliability Software Suite, for three years at DRDO Headquarters, Rajaji Marg, New Delhi for a consideration of Rs. 40.52 Crores.
Trident Techlabs Limited provides technology-based solutions to the aerospace, defence, automotive, telecommunications, semiconductor, and power distribution industries. It has 2 business verticals i.e., engineering solutions and power system solutions.
The engineering solutions business vertical provides consulting and technical services in system-level electronic design, chip-level electronic design, embedded design, hydraulic/pneumatic systems, system modelling, reliability and quality, design automation, power electronics, PCB design, and electromagnetic simulations.
Its Power System Solutions business vertical provides products and services to power distribution utilities that help them maximize the capacity of ageing transmission infrastructure, manage increasing intermittent generation from renewable energy sources, and deploy smart grid technologies that add complexity to transmission investment decisions.
Its revenue from operations grew by 7.82 percent from Rs. 67.32 Crores in FY23 to Rs. 72.62 Crores in FY24, accompanied by profits of Rs. 5.55 Crores to Rs. 9.37 Crores.
It has reported a return on equity(ROE) of 49.6 percent, a return on capital employed (ROCE) of 38.1 percent, and a debt-to-equity ratio of 0.41.
Written by: Bharath K.S
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