Do You Own This Multibagger IT Stock Below Rs 150? Jumps 6.83 Per Cent on June 09 & Promoters Hold 40.82 Per Cent Stake as of March 2025
The stock is up by 36 per cent from its 52-week low of Rs 85.10 per share and a whopping 780 per cent in 5 years.
On Monday, shares of Kellton Tech Solutions Limited jumped 6.8 per cent to Rs 128.12 per share from its previous closing of Rs 119.92 per share. The stock’s 52-week high is Rs 184.30 per share and its 52-week low is Rs 94.25 per share.
Kellton is a global technology consulting and IT services company founded on the belief of exploring ‘Infinite Possibilities with Technology.’ Kellton helps businesses of all sizes, ranging from startups to SMEs and Fortune 500s, build disruptive digital solutions. With operations across the US, Europe, India, and the Asia Pacific and a global team of 1800+ employees, Kellton enables clients to use technology as their competitive advantage. Kellton has been placed four times on the Deloitte Technology Fast 50 India List and recognised by Forbes Asia as one of the Top 200 companies in their ‘Best Under a Billion’ List.
Kellton Tech Solutions concluded FY25 with strong financial results, reporting an 11.7 per cent increase in annual net sales to Rs 1098 crore and a 23.4 per cent rise in net profit to Rs 80 crore compared to FY24. This growth was bolstered by their strategic focus on AI and the addition of nine new client wins in Q4FY25, contributing to the quarter's net sales of Rs 286 crore and net profit of Rs 19 crore.
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Additionally, the company approved the allotment of Foreign Currency Convertible Bonds (FCCBs) totalling USD 1,00,00,000. These FCCBs consist of 10,000 bonds, each with a face value of USD 1,000, and carry a coupon rate of 6.5 per cent per annum. The bonds have a tenure of 10 years, maturing in 2035, and an initial conversion price of Rs 106 per equity share. The allotment was made to eligible investors in full compliance with relevant Indian regulations, including the Companies Act, 2013, FEMA, SEBI (ICDR) Regulations, and RBI's External Commercial Borrowings (ECB) Guidelines.
The promoters of the company hold 40.82 per cent stake as of March 2025 and the stock trades at a PE of 15x whereas the industry PE is 28x. The company has a market cap of over Rs 1,200 crore. The stock is up by 36 per cent from its 52-week low of Rs 85.10 per share and a whopping 780 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.