The shares of one of the largest Indian integrated omnichannel payment solutions providers jumped 10 percent in the day’s trade after it received another order from the State Bank of India for the deployment of 2,500+ ATMs. 

At 12:10 a.m. the shares of AGS Transact Technologies Limited were trading at Rs. 85.80, up 9.51 percent from its previous day’s close price of Rs. 78.35 and its market capitalization is Rs. 1,043 Crores. 

AGS Transact Technologies Limited has received another order worth Rs. 1,100 Crores for deploying 2500+ ATMs over 7 years from the State Bank of India which is India’s largest PSU bank. It will deploy these ATMs on a transaction fee basis under the Total Outsourcing Model and it will begin the deployment of these new ATMs in the next calendar year. 

In addition to this, it had recently received an order from the State Bank of India, to provide 1,350 ATMs. 

The company’s revenue declined 5.68 percent from Rs. 1,771.87 Crores in FY22 to Rs. 1,671.27 Crores in FY23, accompanied by loss of Rs. 82.47 Crore in FY22 to a profit of Rs. 36.96 Crores in FY23. 

In FY23 it has reported a return on equity (ROE) of 7.59 percent and a return on capital employed (ROCE) of 15.44 percent, it is making decent returns on its equity and good returns on its capital employed. 

According to the latest shareholding data available for the quarter ended September 2023, the company’s Promoters hold 65.52 percent stake, the Foreign Institutional Investors (FII) hold 0.01 percent and the Domestic Institutional Investors hold 5.28 percent 

AGS Transact Technologies Limited is one of the largest integrated omni-channel payment solutions providers in India. It delivers a wide range of customised products and services comprising cash management and digital payment solutions, ATM and CRM outsourcing, including merchant solutions, mobile wallets, and transaction processing services. 

Written by: Bharath K.S


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