The share price of this micro-cap firm engaged in the company providing technology and software development solutions surged around 6 percent to an intraday high of Rs 296 per share on Thursday after its subsidiary announced the acquisition of Blueberry Systems Limited.
Share price movement: With a market capitalization of Rs 261.46 crores, the shares of Delaplex Limited surged around 3 percent at 1:58 pm, trading at Rs 288.50 apiece on Thursday’s market hours. The shares of Delaplex Limited generated an overall return of 30 percent in the past one month. Delaplex Limited recently got listed on NSE SME on February 2, 2024, with a listing price of Rs 309 per share.
What happened: According to Delaplex Limited’s stock exchange filings, the company disclosed that its subsidiary firm Delaplex Software Limited announced the acquisition of a significant controlling stake in Blueberry Systems Limited.
Also read
Why it matters: Delaplex Limited’s acquisition of Blueberry Systems Limited grants them valuable intellectual property rights to a master code base for web application development and software services. The Blueberry Systems team, now part of delaPlex, brings expertise in Quality Assurance (QA), test automation, and advanced AI, enhancing Delaplex’s ability to create smarter, comprehensive solutions for clients across various industries.
Financials: Reviewing the financials of Delaplex Limited on a year-on-year basis, the revenues rose by 2 percent from Rs 54 crores in FY23 to Rs 55 crores in FY24. In the same time frame, the net profits increased from Rs 8 crores to Rs 10 crores, demonstrating a 25 percent increase.
Ratios: In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 16 percent and a return on capital employed (ROCE) of 18 percent. The debt-to-equity ratio as of the same year stood at nil.
Shareholding Pattern: As of March 2024, Delaplex Limited’s shareholding pattern stood at 73.66 percent for promoters, 23.87 percent for the public, and 2.48 percent for foreign institutional investors.
About the Company: Incorporated in 2004, Delaplex Limited is a subsidiary of Delaplex INC., providing technology and software development solutions and consulting services. Their technology covers software-defined data centers, integrated infrastructure, cloud technologies, DevOps, security, data analytics, and artificial intelligence.
Written By Zahal
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
