Upper Circuit Alert: Marketing Services Company Bags New Order Worth Rs 81,48,000 From IT Services Company based in USA
The shares of the company have a PE of 62x, an ROE of 27 per cent and an ROCE of 37 per cent.
On Tuesday, shares of Toss The Coin Limited hit a 2 per cent upper circuit to Rs 361.15 per share from its previous closing of Rs 354.10 per share. The stock’s 52-week high is Rs 927.50 per share and its 52-week low is Rs 317.15 per share.
Toss The Coin Limited has entered into a significant Master CMO Retainer Service Agreement with an IT Services Company located in the United States. This agreement allows the US-based company to utilise Toss The Coin's marketing team to achieve its various marketing goals and objectives. The total value of this international order is approximately Rs 81.48 lakh which is equivalent to USD 96,000.
The scope of the marketing services to be provided by Toss The Coin over one year includes the development of an overall marketing strategy, as well as content and design strategies for the client's website and other marketing materials. This encompasses both long-form and short-form content, pitch presentations, sales demo and product explainer presentations and social media content for platforms like LinkedIn. Furthermore, Toss The Coin will be responsible for periodically updating website banners, landing pages and general content, along with designing static images, animations and GIFs for all types of collaterals, presentations and social media posts, including 2D animations and videos up to 90 seconds. The services also extend to pre-event and post-event emailers and the ideation, strategy and content for on-site booth activities and related materials, including booth graphics and design.
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About the Company
Established in 2020, Toss The Coin Limited operates as a marketing consulting company, offering bespoke marketing services across various domains, including strategic consulting, branding, content creation, go-to-market strategies, sales enablement, design outcomes and internal branding, with a pilot AI-based solutions vertical called Kathai AI Solutions; their revenue in FY24 was primarily generated by their CMO Office (68 per cent) and GTM Office (19 per cent) and geographically, they have a significant presence in India (41 per cent) and the United States (37 per cent), serving major clients in sectors like B2B technology, BFSI and manufacturing, including iBUS Global, 3i Infotech and Brakes India.
The company has a market cap of Rs 68.26 crore and the stock is up by 14 per cent from its 52-week low of Rs 317.15 per share. The shares of the company have a PE of 62x, an ROE of 27 per cent and an ROCE of 37 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.