The shares of a small-cap company providing technology solutions to the defence, power distribution, and semiconductor industries hit a 5 percent upper price band. This surge in stock price was followed by an agreement with the consultant to accelerate its semiconductor business.
Share price movement
In Monday’s trading session, the shares of Trident Techlabs Limited hit a 5 percent upper price limit to Rs.1,445.25 per share, from its previous close of Rs.1,376.45 apiece. The share stayed in the upper price limit and has delivered a 943.48 percent return in the past year thus outperforming the Nifty Index.
Rationale for Rise
Trident Techlabs Limited surged after the company entered into an agreement by wholly owned subsidiary company M/s Techlabs Semiconductor Private Limited with Mr. Kizhepat Raghunathan Panicker to hire him as a Strategic and Business Development Advisor to accelerate the semiconductor business of the Company in which Techlabs to offer potential clients working in Industries like Aerospace or Defence, Manufacturing, Electronics Automotive, Academic science spread across India, South Asia, S.E Asia, Europe and North America. The agreement was executed to accelerate the business of semiconductors of the company for an initial period of 60 months. The date of agreement is dated on 6th January 2024.
Consultant Experience
The Consultant holds extensive experience in Semiconductor, Software, and System-level design, and he is also an Executive Council Committee Member at the Indian Semiconductor Association. He has a professional experience of over three decades of working in senior management positions with global corporations in semiconductors and electronic design automation.
Semiconductor Technology
Trident Techlabs is enhancing its semiconductor solutions by integrating new technologies, including advanced Electronic Design Automation (EDA) tools in collaboration with Mentor Graphics. This partnership improves proficiency in very large-scale integration (VLSI) design and addresses challenges in nanotechnology.
Additionally, the company is integrating advanced data analytics and AI tools for better decision-making in semiconductor design while focusing on smart grid technologies to manage renewable energy complexities.
Financial Performance
The company reports financial results semi-annually. In H2FY25, the company’s revenue from operations soared by 162 percent year-on-year to Rs.21.07 crore, up from Rs.8.37 crore in H1FY24. Additionally, Profit After Tax (PAT) improved significantly to Rs.3.46 crore in H1FY25, contrasting with a net loss of Rs.3.09 crore in H1FY24.
Company Profile
Trident Techlabs specializes in providing advanced engineering solutions across multiple sectors, including aerospace, defense, and telecommunications. The company focuses on ASIC design, data analytics, and power system solutions, employing over 150 professionals dedicated to driving innovation and ensuring customer satisfaction. Their key offerings include custom-built electronics, mechanical engineering tools, industrial automation systems, and FPGA/ASIC design services. Additionally, they provide data analytics and AI tools, PCB design, and power system solutions such as power transmission planning and safety assessments.
Shareholding Pattern
As of September 2024, the promoters of Trident Techlabs held around 67.97 percent, Foreign Institutional Investors (FII) held 0.16 percent, Domestic Institutional Investors (DII) held 0.01 percent and the public held around 31.85 percent stake in the company.
Written by – Santhosh S
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