Recently listed stock which is one of the leading value-added national distribution partners for global technology brands in India, in focus upon receiving a large work order worth Rs. 1,510.99 Crores from NMDC Data Centre Private Limited.
With a market capitalization of Rs. 2,225 Crores, the shares of Rashi Peripherals Limited closed at Rs. 338.20, up 0.80 percent from its previous day’s close price of Rs. 335.50.
Rashi Peripherals Limited has received multiple work orders from NMDC Data Centre Private Limited worth Rs. 1,510.99 Crores for the Supply and Installation of Information and Communication Technology (ICT) Products as per the agreed terms and conditions.
Rashi Peripherals Limited is one of the leading value-added national distribution partners for global technology brands in India for information and communications technology (ICT) products and has one of the largest ICT product distribution networks in India.
Some of the products of well-known brands that it distributes are Nvidia, Intel, Asus, Qualcomm, Dell, Logitech, HP, Samsung, Lenovo, LG, Belkin, and many more.
It has a Pan-India & Multi-Channel Distribution Footprint in 28 states & Union Territories, across 680 locations with 50 branches, 63 warehouses, 10,508 SKUs, 549 sales teams, and more than 8,407 customers.
Its revenue from operations grew by 1.51 percent from Rs. 9,313 Crores in FY22 to Rs. 9,454 Crores in FY23, accompanied by profits of Rs. 183 Crores to Rs. 123 Crores.
It has reported a return on equity (ROE) of 19.3 percent and a return on capital employed (ROCE) 15.8 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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