Promoters hold 72.26 per cent stake: Low PE penny IT stock bags order worth Rs 13,50,00,000 from TIH Foundation

The shares of the company have a PE of 9x whereas the industry PE is 30x.

Benchmark Computer Solutions Limited has secured a significant purchase order from TIH Foundation for LoT and LoE, based in Powai, Mumbai, involving the supply, installation and commissioning of crucial data center infrastructure. This includes GPU Nodes, CPU Nodes, Core Networks, Distribution Networks, HSS Nodes, and Storage Servers, along with their co-location hosting. This domestic contract is valued at approximately Rs 13.50 crore and is slated for execution over a period of 36 months from the date of go-live, marking a substantial win for Benchmark in the data center solutions space.

Incorporated in 2022, Benchmark Computer Solutions Ltd is an IT infrastructure solutions and technology consulting company offering end-to-end services encompassing IT infrastructure and software development. Their service portfolio includes IT Infrastructure Solutions, such as equipment sales and rentals, networking, data center solutions, IT security and data backup and recovery. Additionally, they provide Software and Web-Based Application Development Services, including their SaaS-based Warehouse Management System, My WMS and custom web application development. Benchmark also offers Annual Maintenance Contracts and Facility Management Services, providing technical support, preventive maintenance and comprehensive IT infrastructure management.

The promoters of the company hold 72.26 per cent and the public shareholders own 27.74 per cent stake. The company has a market cap of Rs 20 crore. The shares of the company have a PE of 9x whereas the industry PE is 30x. The stock is up by 22 per cent from its 52-week low of Rs 23.60 per share.

Disclaimer: The article is for informational purposes only and not investment advice.