50 per cent from its 52-week low: Company receives new orders worth Rs 97,17,00,000 from various domestic & international customers
The shares of the company have an ROE of 18 per cent and an ROCE of 20 per cent.
Vinyas Innovative Technologies Limited has secured substantial purchase orders totalling Rs 97.17 crore from a diverse range of domestic and international customers. These orders, slated for execution over the next one to three years, are for the manufacture and supply of PCBA (Printed Circuit Board Assembly) and other electronic assemblies, signifying strong demand for the company's capabilities in both local and global markets.
About the Company
Incorporated in 2001, Vinyas Innovative Technologies Limited provides design, engineering, and electronics manufacturing services catering to global OEM and ODM manufacturers in the electronics Industry.
The company has a market cap of over Rs 1,000 crore. According to half-yearly results, the net sales increased by 9 per cent to Rs 150 per share and net profit increased by 17 per cent to Rs 7 crore in H1FY25 compared to H1FY24. In its annual results, the net sales increased by 35 per cent to Rs 317 per share and net profit increased by 110 per cent to Rs 21 crore in FY24 compared to FY23.
On Monday, shares of Vinyas Innovative Technologies Ltd surged 5.40 per cent to Rs 812.05 per share from its previous closing of Rs 770.45 per share. The shares of the company have an ROE of 18 per cent and an ROCE of 20 per cent. The stock is up by 50 per cent from its 52-week low of Rs 564 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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