Lower Circuit Alert & Rs 1,210 Crore Order Book: IT Software Receives 3 Extension LoA in Just 1 Day From State Water and Sanitation Mission
The company has a market cap of over Rs 2,500 crore with multibagger returns of 230 per cent in just 1 year and a whopping 1,740 per cent in 5 years.
On Tuesday, shares of Ceinsys Tech Limited hit a 5 per cent lower circuit to Rs 1,446.70 per share from its previous closing of Rs 1,522.80. The stock’s 52-week high is Rs 2,105 and its 52-week low is Rs 396. The shares of the company saw a spurt in volume by more than 1.17 times on BSE.
Ceinsys Tech Limited has secured a further extension for its consultancy services with the State Water and Sanitation Mission (SWSM), Uttar Pradesh. This extension, valid until February 28, 2025, covers three key projects: Lucknow, Devipatan, and Chitrakoot. Ceinsys Tech will continue its role as a Third Party Inspector (TPI), monitoring the physical and financial progress of various Rural Water Supply Projects within these clusters. This engagement follows a Quality and Cost Based Selection (QCBS) process and builds upon existing contracts awarded in FY 2021-22. The scope and value of these contracts will be determined by the actual execution value achieved by contractors during the project duration.
These projects represent a continuation of Ceinsys Tech's partnership with the SWSM, Uttar Pradesh, in enhancing rural water supply infrastructure. The company will play a crucial role in ensuring the quality and timely completion of these vital projects. This extension signifies the SWSM's continued trust in Ceinsys Tech's expertise and commitment to delivering high-quality consultancy services.
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Ceinsys Tech Ltd is a 1998-founded enterprise specializing in geospatial and engineering services, software, and energy solutions. As an ISO and CMMI-certified company, it's part of the Meghe Group. Its core competencies include designing, managing and analysing geographic data, with a focus on energy systems, water management, product design and robotics. Ceinsys offers a range of services encompassing geospatial solutions like risk analytics, smart city planning and disaster management; as well as mobility solutions spanning from concept development to manufacturing engineering and electric vehicle technology.
According to the Quarterly Results, the net sales increased by 71 per cent to Rs 16.8 crore and net profit increased by 149 per cent to Rs 11.7 crore in Q2FY25 compared to Q2FY24. In H1FY25, net sales increased by 46 per cent to Rs 16.39 crore and net profit increased by 82 per cent to Rs 23.6 crore compared to H1FY24.
The order book of the company as of September 30, 2024, stands at Rs 1,210 crore. The company has a market cap of over Rs 2,500 crore with multibagger returns of 230 per cent in just 1 year and a whopping 1,740 per cent in 5 years. Investors should keep an eye on this IT-software company’s stock.
Disclaimer: The article is for informational purposes only and not investment advice.