IT Stock engaged in providing IT hardware solutions and equipment, including managing cloud servers, servicing IT equipment, drone & robotic services and many more hit a 5 percent upper circuit upon receiving a new work order worth Rs. 17.43 Crores.
Price Action
With a market capitalization of Rs. 95.45 Crores, the shares of Slone Infosystems Limited hit a 5 percent upper circuit in the day’s trade at Rs. 181.15 per equity share, from its previous day’s close price of Rs. 172.10.
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What Happened
Slone Infosystems Limited has received a new work order from its business client for supplying various Materials for the ICT LAB along with services related to drones, Artificial Intelligence, and Robotics for a consideration of Rs. 17.43 Crores.
About the Company
Slone Infosystems Limited is engaged in providing IT hardware solutions and equipment like renting and selling laptops, desktops, servers, and workstations. Additionally, it offers IT solution services to corporate clients, including managing cloud servers, servicing IT equipment, drone & robotic services, and many others.
Financials and Ratios
Its revenue from operations grew by 101 percent from Rs. 30.22 Crores in FY23 to Rs. 60.69 Crores in FY24, accompanied by profits of Rs. 0.75 Crores to Rs. 4.19 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 119 percent and a Return on capital employed (ROCE) of 122 percent. It has reported a debt-to-equity ratio of 0.12.
Written by: Bharath K.S
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