Engineering stock specializing in providing end-to-end engineering services tailored for aviation infrastructure jumped 9 percent in the day’s trade upon receiving a work order worth Rs. 22.68 Crores from the Airports Authority of India
With a market capitalization of Rs. 246 Crores, the shares of Anlon Technologies Limited were trading at Rs. 439.70 per equity share, from its previous day’s close price of Rs. 400.
Anlon Technologies Limited has received a work order from the Airports Authority of India (AAI) for consideration of Rs. 22.68 Crores for Supply, Installation, Testing, and Commissioning of Trackjet make Runway Rubber Removal Machine- 04 Machines.
It also includes Operation and Routine Maintenance of Trackjet make Runway Rubber Removal Machines for 10 years, including 2 years of DLP. The work order is to be completed by MAY 2025.
In addition, it has announced its Q4FY24 results, Its Revenue from Operations half yearly declined by 0.85 percent from Rs. 17.58 Crores in H1FY24 to Rs. 17.43 Crores in H2FY24 and it declined by 11.47 percent from Rs. 19.69 Crores in H2FY23 to Rs. 17.43 Crores in H2FY24. Annually it generated a revenue of Rs. 32.89 Crores in FY23 to Rs. 35.02 Crores in FY24, indicating a growth of 6.47 percent.
Its Net profit half yearly grew by 4 percent from Rs. 2.21 Crores in H1FY24 to Rs. 2.30 Crores in H2FY24 and it grew by 12 percent from Rs. 2.04 Crores in H2FY23 to Rs. 2.30 Crores in H2FY24. Annually it generated a Net Profit of Rs. 4.43 Crores in FY23 to Rs. 4.51 Crores in FY24, indicating a growth of 1.80 percent.
Anlon Technology Limited specializes in providing end-to-end engineering services tailored for aviation infrastructure including fire fighting trucks, rubber removal machine, spare parts and other equipments. It performs sourcing, supervising, quality control, transportation, and installation of equipment for airport, government, municipalities, refineries and many others.
It has a strong clientele base with well known players like Reliance Industries Limited, Hindustan Aeronautics Limited, BPCL, Jindal Steel and Power Limited, Airport Authority of India, Indira Gandhi International Airport, New Delhi and many others.
It has reported a return on equity(ROE) of 17.9 percent, a return on capital employed (ROCE) of 24 percent, and a debt-to-equity ratio of 0.12.
Written by: Bharath K.S
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