Synopsis:
Interstellar Testing Centre Pvt. Limited, a subsidiary of Qualitek Labs Limited, has signed a three-year deal with Indian Oil Corporation at Rs. 10.19 crore. At the same time, Qualitek Labs Limited has acquired a food testing laboratory for about Rs. 8.82 crore.
The micro-cap firm offers provides testing, inspection, homologation, certification, and consulting services across industries, came to focus after the company’s subsidiary received a work order, and Qualitek Labs Limited acquired a Food testing laboratory.
With the market capitalization of Rs.443.09 crore, the shares of Qualitek Labs Limited were trading at Rs.444, up by 4 percent from its previous day’s closing price of Rs.426.85 per equity share.
What’s the news?
Interstellar Testing Centre Pvt Limited subsidiary of Qualitek Labs Limited has won a three-year contract worth Rs. 10.19 crore from Indian Oil Corporation to operate and maintain ourtsourced testing activities of quality control laboratory at the Panipat Refinery for a timeframe of 3 years.
In addition, Qualitek Labs acquired a food testing laboratory in Mumbai through a slump sale for around Rs. 8.82 crore. This acquisition is part of the company’s plan to expand its services in the food and life sciences testing sector.
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About the company
Qualitek Labs Limited offers testing, inspection, certification, homologation, and consultancy services across multiple sectors, including automotive, defence, metals & metallurgy, environment, and water, etc.
As per the latest data, the company is operating 9 of its own laboratories, and for sample collection, it has spread across 340 locations. It has a team of more than 1,000 dedicated employees, including 450 scientists and 180 support personnel.
Every year, the company performs 4 million plus tests for more than 5,000 customers. Clients for the company are various government bodies ,leading international and national companies.
Diving into the financials of the company, Revenue from operations rose from Rs.16.69 crore H2FY24 to Rs.24.93 crore in H2FY25. Net profit rose to Rs.3.57 crore from Rs.2.30 crore for the same time frame. On a half-yearly basis, revenue rose from Rs.20.93 crore in H1FY25 to Rs.24.93 crore in H2FY25. The company’s P/E ratio is 82.12, and the industry average is 29.
Written by Jhanavi Sivakumar
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