Multibagger IT stock that has recently ventured into the robotics space hit a 5 percent upper circuit in the day’s trade after it received an export order for one of its robots for Rs. 30 Crores.
The shares of Kody Technolab Limited hit a 5 percent upper circuit at Rs. 769.40 from its previous day’s close price of Rs. 732.80 and its market capitalization is Rs. 467 Crores. It has delivered multibagger returns of 352 percent in a year.
Kody Technolab Limited has received an export order worth Rs. 30 Crores from multiple customers to deliver serving robots called dashers within a time frame of 6 months.
Kody Technolab Limited is engaged in the business of software development services to a diverse set of industries. It offers a wide range of services like custom software development, artificial intelligence implementation and consultation, and many more.
Kody Technolab Limited has recently ventured into the robotics space with its products such as India’s premier surveillance robot Athena, and its custom service robot Dasher.
The company’s revenue from operations grew by 185.21 percent from Rs. 3.84 Crore in FY22 to Rs. 10.95 Crore in FY23, accompanied by increasing profits of Rs. 0.62 Crore to Rs. 3.18 Crore.
It has reported a return on equity (ROE) of 9 percent and a return on capital employed (ROCE) of 11.60 percent, it is making decent returns on its equity and capital employed.
Written by: Bharath K.S
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