Cadsys Ltd undertakes GIS and engineering design services in the fields of telecom, CATV, oil & gas, electric, and other utilities. The company was incorporated in 1989. There is a significant surge in the company’s stock price today.
At the start of the day’s trading session, the stock opened at Rs 293 per share, indicating an approximate 17.20% increase compared to the previous day’s closing figure of Rs 250 per share on the NSE.
Furthermore, the company’s stock touched a significant milestone of Rs 300 for the first time ever. Back in August 2022, the stock was available at around Rs 30 per share. From this low point, the company never looked back and showcased robust strength. Furthermore, it has rallied 900% from the low point of Rs 30 and has created exceptional wealth for its shareholders during this period.
The company’s current market capitalisation stands at Rs 225 crore, and the stock has generated an impressive return of around 37% during the past month and a multibagger return of around 620% return in the past year.
The company reports only half-yearly results, and it reported revenues of Rs 108 crore in September FY24, reflecting a growth of 47.94% YoY from Rs 73 crore. The company posted an operating profit of Rs 14 crore for the half-yearly period, in contrast to an operating loss of Rs 5 crore in the corresponding period of the previous year. Furthermore, the company reported a net profit of Rs 7 crore, compared to a net loss of Rs 1 crore in the same period last year.
The company’s ROCE and ROE are 9.05% and 9.62%, respectively, while the shares are trading at 16.4 times in the market.
In terms of ownership, the promoter holds 47.71%, while 52.29% is held by public investors as per the most recent update.
Cadsys (India) Limited is an India-based knowledge process outsourcing company. The company is engaged in providing knowledge solutions on time and on demand. Its services include geographic information system (GIS) and mapping services, telecom and community antenna television (CATV) services, and engineering and project management services. Its computer-aided design (CAD) and drafting teams provide geospatial engineering services in terms of data conversion and migration, and mapping services such as data capture and automated mapping (AM)/facilities management (FM) mapping to various domains such as telecom, utilities, gas, and electric, and government. Its primary product is Concord-Pro. Concord-Pro is an out-of-the-box solution with the ability to configure as per user requirements and find its usage in diverse avenues, including graphic realignment of land base and facilities, data cleanup of GIS records, data migration, and performance management, among others.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Apr 10, 2024, 5:51 PM IST
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