Synopsis: Microcap stock company won a 5-year contract to manage e-Mitra kiosks across 17 districts in Rajasthan on a revenue-share model. The project expands its presence and role in e-governance service delivery.
On Tuesday, as the trading session started a microcap stock was in the spotlight as the company got selected as a Local Service Provider to set up and manage e-Mitra kiosks across 17 districts in Rajasthan under a 5-year revenue-share contract.
With a market cap of Rs 184 Cr Atishay Ltd saw its stock hit an intraday high of Rs 184.05 on the BSE which is a 9.98 percent rise from the previous close of Rs 167.35.
What’s the News?
Atishay Limited has received Letter of Acceptance from RajCOMP Info Services Ltd., a Government of Rajasthan undertaking, that appoints the company as a Local Service Provider for the e-Mitra project. Under this, Atishay will be setting up and managing e-Mitra kiosks across 17 districts in the Ajmer, Bikaner, and Jaipur divisions.
The 5 year contract is on a revenue sharing model, with earnings dependent on the transaction volumes instead of a fixed project value. Atishay will handle responsibilities including manpower deployment, technical support, training, compliance, and operational management. This partnership strengthens the company’s presence in Rajasthan and provides a significant long-term growth opportunity in the e-governance sector.
In the last few months, Atishay Limited was empanelled by the Central Electronics Limited to collaborate on joint research, system integration, and digital infrastructure projects, enhancing long-term opportunities with government and PSU programs. It was also empanelled as a Business Associate with RailTel, enabling participation in IT, e-Governance, and digital infrastructure projects across government bodies. Additionally, the company received a Rs 197.40 lakh work order from Bhilwara Central Cooperative Bank for supplying and managing Micro ATMs for PACS, strengthening its presence in rural financial inclusion.
Financial Overview
The company has reported strong YOY growth in Q2FY26, with revenue going up by 37.9 percent to Rs 17.95 Cr, compared to Q2FY25’s Rs 13.01 Cr . Net profit for the period also increased by 26 percent, reaching Rs 1.83 Cr, up from Rs 1.45 Cr last year. Talking about QoQ basis revenue grew by 47 percent and the net profits grew by 10.9 percent.
Moreover, the company has a 3 year profit CAGR of 300 percent, while the stock gave a 3 year CAGR of 69 percent. Incorporated in 1989, Atishay Limited is an IT consultancy and services company that offers customized software solutions for businesses. It is one of the leading digital solutions providers in India, focusing on e-Governance, financial inclusion, and IT consulting.
The company hit a major milestone in 2010 with the Aadhaar and Election project, which modernized public services and improved financial inclusion. Currently, the company delivers software development, cloud platforms, cybersecurity, and AI-based solutions, supporting digital transformation across government and business sectors with secure and scalable technology.
-Adithya Menon
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