Shares of this engineering services company jumped around 6 percent in Wednesday’s trading session after an order from Cochin International Airport. In one year, the shares have delivered around 40 percent to its inventors.
With a market capitalisation of Rs. 142 crores, the shares of Anlon Technology Solutions Ltd started Wednesday’s trading session on a higher note at Rs. 254.70 compared to its previous close of Rs. 240.65.
During the trading session, the shares hit a high of Rs. 254.95, gaining around 6 percent and are currently trading at Rs. 253 apiece.
Such a bullish movement in the share price was observed after the company in an exchange filing announced that it had received an order from Cochin International Airport Limited for the supply, test, Commissioning and handover of a Rubber Removal Machine(RRM) worth Rs. 5.05 crores. The orders are to be executed by 10 months from the date of acceptance of the purchase order.
Coming onto the company’s financial statement, the revenue zoomed by 70 percent from Rs. 19.34 crores during FY21-22 to Rs. 32.89 in FY22-23. In addition, the net profits magnified by 107 percent from Rs. 2.14 crores to Rs. 4.44 crores during the same period.
Looking at the important financial ratios, the return on equity stood at 29.44 percent during FY22-23 and during the same period, the return on capital employed was recorded at 36.52 percent. Furthermore, the net profit margin was at 13.50 percent in FY22-23.
According to the latest shareholding pattern, the Promoters hold 69.25 percent of shares, Retail investors have 27.66 percent of shares and the remaining 3.08 percent stake are with the FIIs.
Headquartered in Doddaballapur, Anlon Technology Solutions was incorporated in 2015. The company is primarily engaged in the business of providing engineering services. The company provides engineering services for engineering systems, built on automotive chassis and allied areas, majorly for airports, high-rise buildings, and refineries.
Written By Vaibhav Patil
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