Synopsis:
Earkart Ltd. gains attention with a Rs. 6.25 crore government order to supply 26,000 BTE Digital Hearing Aid Kits to ALIMCO via GeM.
The shares of the Micro-Cap company specializing in providing hearing solutions, including the manufacturing, assembly, and distribution of hearing aids and accessories, are in focus after receiving a Government order for BTE digital hearing-aid kits.
With a market capitalisation of Rs. 281.68 crore, Earkart Ltd.’s shares closed at Rs. 204.80 per share, reflecting a strong 43.97 percent return over the past six months, indicating positive investor sentiment and solid growth prospects for the company.
What Happened
Earkart Ltd, engaged in providing hearing solutions, including the manufacturing, assembly, and distribution of hearing aids and accessories, has been awarded a government order through the Government e-Marketplace (GeM).
The order is for supplying 26,000 sets of BTE Digital Hearing Aid Kits (Model LH 72 Parts) to the Artificial Limbs Manufacturing Corporation of India (ALIMCO), under the Ministry of Social Justice and Empowerment.
The total order value is Rs. 6.25 crore, with a unit price of Rs. 2,405 per set. The contract was awarded on 19th November 2025, and the order is expected to positively impact the company’s revenue during the contract period.
Financials & Others
The company’s revenue declined by 5.3 percent from Rs. 23.55 crore in September 2024 to Rs. 22.29 crore in September 2025. Meanwhile, the Net profit declined from Rs. 3.31 crore to Rs. 1.85 crore during the same period.
The company demonstrates strong financial performance with a return on equity (ROE) of 41.8%, reflecting efficient use of shareholder capital. Over the past three years, its average ROE has been 35.3%, indicating consistent profitability. Additionally, its return on capital employed (ROCE) is an impressive 45.1%, highlighting effective capital utilization.
With a low debt-to-equity ratio of 0.09, the company maintains minimal financial risk. The PEG ratio of 0.18 suggests the stock could be undervalued relative to its growth prospects, making it an attractive investment opportunity.
Earkart is India’s leading digital-first hearing care platform, committed to making hearing healthcare accessible, transparent, and technology-driven for everyone. It is an Indian company that manufactures and distributes hearing aids, mobility aids, and educational tools for people with disabilities.
It focuses on providing affordable solutions, particularly in Tier 2 and Tier 3 cities, by leveraging technology like its remote audiometry machine to overcome the shortage of audiologists in remote areas. The company uses a multi-channel approach, with revenue coming from government supply contracts, private retailers, and its “Shop-in-Shop” franchise model.
Written by Sridhar J
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