High ROE & High ROCE: Small-cap IT Company Wins Rs 8.01 Crore Indian Navy Contract; Promoters Waive FY26 Interim Dividend
On a YTD basis, the stock has declined by 18 per cent while in the last three months it has jumped over 23 per cent.
Sahana System Limited announced that its subsidiary, Softvan Limited, has been designated as the L1 (lowest evaluated bidder) for a significant contract with the Indian Navy, under the Ministry of Defence. This achievement marks a pivotal step forward for the Sahana Group in securing this important project. The bid is valued at an impressive Rs 8.01 Crores.
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The contract specifically pertains to "Non-RF Infrastructure for Upgradation of RF Measurement System." While the full technical specifications will be detailed in the Buyer Specification Document, the nature of the bid indicates a focus on providing essential infrastructure for advanced Radio Frequency (RF) measurement systems. Key contractual terms include a delivery period as per agreed timelines for each unit, and the requirement for installation and configuration according to the client's needs. Additionally, a 3-year warranty from the date of supply is a crucial component of the agreement.
This successful bid is expected to bring several benefits to the Sahana Group. It could open doors for future engagements with the Indian Navy and the broader defence sector, given the stringent experience criteria and past performance requirements often seen in such bids. The association with a critical project for the Indian Navy is also anticipated to significantly boost the overall brand reputation of Sahana, including its subsidiaries. Furthermore, securing a contract with a Ministry of Defence organisation enhances the group's credibility and strengthens its position as a reliable service provider in the defence sector. This project also diversifies the group's service portfolio, showcasing its capabilities in specialised infrastructure for RF measurement systems, and is expected to contribute to the consolidated revenue of Sahana upon successful conclusion of the PNC (Post-Nodal Clearance) and execution of the contract.
On June 19, 2025, the Board of Waaree Renewable Technologies approved a 1st Interim dividend of Re. 1 per equity share (face value Rs 10) for FY 2025-26. The record date is fixed as June 27, 2025. The Promoter and Promoter Group have voluntarily waived their right to receive this 1st (First) Interim Dividend for the Financial Year 2025-26. The dividend will be paid within the statutory timeline, subject to TDS.
About Company
Incorporated in 2012, Sahana System Ltd is in the business of IT services, Digital Marketing, Software Development, and trading of Computer Hardware. SSL is a CMMI Level-5, ISO 9001, and ISO /IEC 27001 certified IT company which provides software solutions. The company also does trading. of hardware instruments related to the Franking Machines / Computers / LED / Laptops.
The stock is trading at Rs 1,441 per share with a market capitalisation of over 1,200 crore. It has recorded a 52-week high of Rs 2,135 and a 52-week low of Rs 991. On a YTD basis, the stock has declined by 18 per cent while in the last three months it has jumped over 23 per cent. The company has Return of Equity of 30.5 per cent while it has high Return of Capital Employed 42.6 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.