Micro-cap stock specializing in providing end-to-end engineering services tailored for aviation infrastructure, including fire fighting trucks and many more, jumped upto 5 percent in the day’s trade upon receiving a new services order worth Rs. 2.6 Crores.
Price Action
With a market capitalization of Rs. 278 Crores, the shares of Anlon Technology Solutions Limited were trading at Rs. 445 per equity share, up 1.54 percent from its previous day’s close price of Rs. 438.25.
Is Anlon Technology Solutions a buy or sell? What is its Fair Value? What are the company's health parameters? What are the positive and negative factors driving the company -- ProTips? Know all the answers on the company's overview page here.
What Happened
Anlon Technology Solutions Limited specializing in providing end-to-end engineering services tailored for aviation infrastructure has received new work orders from Rosenbauer International AG for a consideration of Rs. 2.61 Crores.
The said work order is for providing Support Services to 4 Nos of Panther 6*6 Firefighting vehicles to be supplied to Ahmedabad International Airport Limited and 4 Nos of Panther 6*6 Firefighting vehicles to be supplied to TRV (Kerala) International Airport Limited by Rosenbauer International AG.
About the Company
Anlon Technology Limited specializes in providing end-to-end engineering services tailored for aviation infrastructure including fire fighting trucks, rubber removal machines, spare parts, and other equipments. It performs sourcing, supervising, quality control, transportation, and installation of equipment for airports, government, municipalities, refineries, and many others.
It has a strong clientele base with well-known players like Reliance Industries (NS:RELI) Limited, Hindustan Aeronautics (NS:HIAE) Limited, BPCL, Jindal Steel and Power Limited, Airport Authority of India, Indira Gandhi International Airport, New Delhi, and many others.
Financials and Ratios
Its revenue from operations grew by 6.48 percent from Rs. 32.89 Crores in FY23 to Rs. 35.02 Crores in FY24, accompanied by profits of Rs. 4.44 Crores to Rs. 4.52 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 17.9 percent, and a return on capital employed (ROCE) of 24 percent. It has reported a debt-to-equity ratio of 0.12.
Written by: Bharath K.S
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The post Stock jumps up to 5% after receiving work order worth ₹ 2.61 Cr for firefighting support services appeared first on Trade Brains.
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