Upper Circuit Alert & Rs 1,197 Crore Order Book: IT Software Company Bags Rs 5,50,00,000 Order from Mumbai Metropolitan Region Development Authority
The company has a market cap of over Rs 2,700 crore with multibagger returns of 200 per cent in just 1 year and a whopping 1,650 per cent in 5 years.
On Monday, shares of Ceinsys Tech Limited hit a 5 per cent upper circuit to Rs 1,566.45 per share from its previous closing of Rs 1,491.90 per share. The stock’s 52-week high is Rs 2,105 and its 52-week low is Rs 396.50.
Ceinsys Tech Limited has been awarded a significant contract by the Mumbai Metropolitan Region Development Authority (MMRDA), securing a Letter of Award (LoA) for the supply, installation, and commissioning of the Autodesk Architecture, Engineering, and Construction Collection IC Commercial ELD. This domestic order, valued at Rs 5,50,00,000 (Rupees Five Crore Fifty Lakhs Only), is expected to be completed within a timeframe of three years.
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About the Company
Ceinsys Tech Ltd is a 1998-founded enterprise specialising 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 March 31, 2024, stands at Rs 1,197 crore. The company has a market cap of over Rs 2,700 crore with multibagger returns of 200 per cent in just 1 year and a whopping 1,650 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.