The shares of these small and medium enterprises hit 5 percent upper circuit of Rs 80.85 apiece after the company signed a Supply and Services Agreement with Roopyaa Tradebizz Limited for Rs 100 crore.
With a market capitalization of Rs 19.65 crore, the shares of Richa Infosystems Limited were trading at Rs 80.85 per share, increasing around 5 percent as compared to the previous closing price of Rs 77.00 apiece.
Reason for rise
The shares of the company have seen positive movement Richa Infosystems Limited signed a Supply and Services Agreement with Roopyaa Tradebizz Limited to provide services related to Television and related items with services relating to TV Technologies and associated items. This order is valued at Rs 100 crore.
Financial condition
Examining the company’s financial performance, revenue jumped by 213 percent from Rs 9.47 crore in H1FY24 to Rs 10.65 crore in H1FY24, however during the same period of time, net profit magnified by 73 percent from Rs 0.26 crore to Rs 0.43 crore.
Product Offer
The company offers products like Interactive Flat Panels compatible with various operating systems, Educational Software, Video Conferencing systems, Security & Surveillance solutions (cameras, POE/NVR switches), and Home Systems (theatres, automation). Services include E-Waste Management and Warranty Registration, catering to education, security, conferencing, and home automation needs.
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Ratio analysis
The company’s critical ratios show that the return on equity shrunk from 6.11 percent in FY22-23 to 5.96 percent in FY23-24, while the return on capital employed decreased from 13.11 percent to 12.86 percent. The net profit margin (NPM) for fiscal year 23-24 is 1.80 percent.
Shareholding pattern
In the company’s recent shareholding pattern, the Promoters of the company own 53.58 percent while Retail shareholders own a 46.42 percent stake in the company and domestic Institutional Investors own a 0 percent stake.
Company snapshot
Richa Info Systems Limited is engaged in assembling products and systems integrator of multifaceted solutions of products, such as Interactive flat panels, interactive boards, digital podiums, digital kiosks, and closed-circuit television (CCTV) cameras.
Written by:- Abhishek Singh
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