The shares of this micro-cap company hit 5 percent upper circuit of Rs 98.08 per share after the company declared as an L2 bidder by a large Public Sector bank for an order valued at Rs 57 crore.
With a market capitalization of Rs 108.77 crore, the shares of Aplab Ltd were trading in green at Rs 98.08 per share, increased drastically by 5 percent as compared to the previous closing price of Rs 93.41 apiece.
Matter Description:-
The company share has seen a bullish movement after Aplab Ltd declared as an L2 bidder by a large Public Sector bank on the GeM Porta for the supply, installation, and maintenance of self-service passbook printing kiosks and is eligible for 40% of the order to the tune of Rs. 48.00 crores over 7 years.
Moreover, the supply of Kiosks is over 2 years and the TCO (Total Cost of Ownership) which includes maintenance, consumables, etc. of the Bank is for 7 years after that total orders are expected to be about Rs. 57 crores.
Also read
Financial analysis:-
Looking forward to the company’s financial performance, revenue decreased by 4 percent from Rs 18.49 crore in Q4FY23 to Rs 17.61 crore in Q4FY24, and during the same period, net profit plummeted by 92 percent from Rs 6.27 crore to Rs 0.49 crore.
Ratio analysis:–
The company’s critical ratios show that the return on equity improved from (1.03) percent in FY22-23 to 7.89 percent in FY23-24, while the return on capital employed improved from (55.40) percent to 26.19 percent. The net profit margin (NPM) for fiscal year 23-24 is 1.61 percent.
Shareholding pattern:-
As of March 2024, the firm’s shareholding pattern stood at 63.28 percent for promoters, 36.69 percent for the public, 0.02 percent for foreign institutional investors, and 0 percent for domestic institutional investors.
Company profile:-
Aplab Limited manufactures, markets, sells, and services professional electronic equipment. The company includes four product divisions: Test and Measurement Instruments, Power Conversion and Controls, UPS Systems, and Banking and Retail Automation.
Written by:- Abhishek Singh
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.
