Microcap stock jumps 13% after signing ₹22.22 Cr agreement from Yamuna International Airport

Synopsis:
Anlon Technology Solutions rose 13% after securing a ₹22.22 crore contract from Yamuna International Airport Pvt. Ltd. for O&M of vehicles and equipment at Noida Airport, and the five-year deal will begin within 30 days of signing.

The shares of the Micro-Cap stock specializing in providing engineering services for engineering systems built on automotive chassis and related areas, jumped upto 13 percent upon signing an agreement worth Rs. 22.22 crore from Yamuna International Airport Pvt Limited for works at Noida International Airport.

With a market capitalization of Rs. 254.53 crores on Friday, the shares of Anlon Technology Solutions Limited jumped upto 12.8 percent, making a high of Rs. 435.00 per share compared to its previous closing price of Rs. 385.50 per share.

What Happened 

Anlon Technology Solutions Limited, engaged in providing engineering services for engineering systems built on automotive chassis and related areas, has received a service agreement worth Rs. 22.22 crore (including GST) from Yamuna International Airport Private Limited.

The agreement is for the Operations and Maintenance (O&M) of general vehicles and equipment at Noida International Airport. The contract is for a period of five years and will begin within 30 days of signing the agreement.

Financials & Others

The company’s revenue rose by 78.8 percent from Rs. 17.43 crore to Rs. 31.17 crore in H2FY24-25. Meanwhile, the Net profit rose from  Rs. 2.30 crore to  Rs. 3.94 crore during the same period.

The company has a low debt-to-equity ratio of 0.13, reflecting strong financial stability. Additionally, the company has maintained solid performance with an average Return on Equity (ROE) of 14.6 percent and Return on Capital Employed (ROCE) of 19.3 percent. Furthermore, the company has delivered a good profit growth of 54.0 percent CAGR over the last 5 years, showcasing its strong financial health and profitability.

Anlon Technology Solutions Limited is an India-based engineering company founded in 2015, headquartered in Bangalore. It specializes in manufacturing and supplying advanced firefighting, rescue, and safety equipment, as well as providing engineering services, consultancy, and after-sales support primarily for airports, high-rise buildings, and refineries across India.

The company’s product revenue breakdown follows: firefighting equipment accounts for less than 85%, runway sweeping machines make up under 5%, other equipment contributes 5-10%, and rubber removal machines also represent less than 5-10% of revenues.

Anlon Technology Solutions Limited serves a diverse range of prominent clients, including major players in the aviation, infrastructure, and industrial sectors. Key customers include Adani Group, Reliance, Coal India, HAL, and Volkswagen. The company has also partnered with several international airports, such as Goa International Airport, Kempegowda International Airport, Kannur International Airport, and other notable clients 

Written by Sridhar J 

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Microcap stock jumps 13% after signing ₹22.22 Cr agreement from Yamuna International Airport appeared first on Trade Brains.