A micro-cap stock has recently gained attention after securing multiple significant orders related to workforce administration and space management. This development highlights the company’s expanding footprint in the facilities management sector, with a growing demand for its services across various industries.
Share Price Variation
On Wednesday, shares of Service Care Ltd settled at Rs.63.05 each, marking a 5.9 percent decline from the previous close of Rs.67.00. However, the stock could see upward movement at Friday’s opening following the announcement of fresh order wins.
Order Details
Service Care Ltd has recently secured several new projects within its Workforce Administration and Workspace Management business verticals, further expanding its footprint in these sectors. These projects showcase the company’s capability to cater to a wide range of industries and deliver value-driven services.
The company has received a Letter of Intent (LOI) for workforce management services from a well-established infrastructure and construction company in Chennai. This project will span 12 months and has an approximate contract value of Rs.45.00 Lakhs.
Additionally, Service Care Ltd has been awarded another LOI for workspace management services by an automobile company in Chennai. This project, also with a 12-month tenure, is valued at approximately Rs.12.00 Lakhs.
Key Services
Service Care Ltd offers a range of services including Facility Management, Payroll Management, Recruitment & Staffing, and Workspace Solutions. They handle janitorial, housekeeping, and cleaning services for efficient workspace maintenance, manage payroll ensure compliance for various organizations, and provide staffing solutions across both IT and non-IT sectors. Additionally, SCL helps businesses optimize their office environments to improve operational efficiency.
Financial Performance
According to its financial reports, in H1 FY25, Service Care Ltd reported a consolidated revenue of Rs.94 crores, representing a 5.62 percent increase compared to Rs.89 crores in H1 FY24. The net profit remained stable at Rs.2 crores, showing no change from the same period last year.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 14.11 percent and a Return on Equity (ROE) of 14.09 percent. Its Price-to-Earnings (P/E) ratio stands at 19.28, way lower than the industry average of 41.36. Furthermore, the company maintains a current ratio of 1.68, a debt-to-equity ratio of nil, and an Earnings Per Share (EPS) of Rs.3.27.
Written by – Siddesh S Raskar
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