Synopsis:
Robotics firm has received its first order worth Rs. 3.6 crore from the United States to supply the autonomous truck loading and unloading robot.
The shares of a microcap firm that provides end-to-end automation solutions for the automotive, semi-automotive, and manufacturing sectors rose 7 percent after it received an order from the United States to supply the autonomous truck loading and unloading robot.
With the market capitalization of Rs.274.80 crores, the shares of Affordable Robotic & Automation Limited closed at Rs.244.35, up by 5.60 percent from its previous day’s closing price of Rs.231.40 per equity share. Stock had made a high of Rs. 249, rising by 7.79 percent
Order
Affordable Robotic and Automation Limited, its subsidiary, ARAPL RaaS Private Limited, has received its very first order from a United States-based logistics player to develop the Atlas AC2000 autonomous forklift.
This robot is designed to automatically load and unload goods from trucks. The order was placed after it had been successfully tested for three months at the client’s facilities.
The deal involves supplying two of these robots on a three-year lease, with a total contract value of Rs.3.6 crores. This first order is especially important because it opens the door for a much larger deployment.
The same US client has 15 warehouses, and the company expects to place 15-16 mobile robots in each location over the next two years. This marks a major step in the Indian company’s plan to grow its business in the American market.
Management Commentary
Affordable Robotic and Automation Limited’s MD, Mr. Milind Padole, commented as follows: “Considering the scale and competition in the US market, we are thrilled to announce the success of our product with an established logistics player.
This order, following stringent approvals and successful prototype performance, not only opens new doors for us but also is a step towards positioning Make In India mobile robots prominently in the global warehouse robotics sector – otherwise dominated by large US and Chinese players.”
Also Read: Smallcap stock in focus after securing order from Indian Oil Corporation
About the company
Affordable Robotic and Automation Limited provides complete automation solutions for the automotive, semi-automotive, and manufacturing industries. It programs and automates machines used in the automobile manufacturing process.
Its assembly facility and head office are located in Pune, Maharashtra, covering 8,442 sq. meters, and are equipped with the necessary software, technology, machinery, spare parts, and employee amenities, making it a fully integrated facility. The company also assembles and installs automatic multi-level car parking systems.
Revenue from operations decreased from Rs.19.9 crore in Q1FY25 to Rs.18.77 crore in Q1FY26, while net profit decreased from negative Rs.7.46 crore to negative Rs.3.69 crore. The company has reported a negative ROE of 10 percent and a negative ROCE of 2.63 percent.
Written by Jhanavi Sivakumar
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