Shares of this micro-cap firm specializing in Automated Identification & Knowledge Seize (AIDC) options surged 10 p.c to hit the higher circuit following plans to signal a Memorandum of Understanding with Singapore-based semiconductor options agency TPW World.
Value Motion
With a market capitalization of Rs.615 crore, Bartronics India Ltd’s share worth reached an intra-day excessive of Rs.20.11 per share on Friday, locking the ten p.c higher circuit from its earlier shut of Rs.18.29 per share.
What occurred
The Board of Administrators of the corporate is about to satisfy on eighth January 2025 to debate and approve the proposed Memorandum of Understanding (MoU) with TPW World, a famend Singapore-based semiconductor options firm.
The MoU goals to formalize a strategic collaboration between the corporate and TPW World, specializing in advancing technological capabilities and exploring potential enterprise synergies within the semiconductor sector.
This partnership is predicted to boost the corporate’s place out there, fostering innovation and driving progress within the area of semiconductor options and associated providers.
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Providers provided
The corporate presents a variety of key applied sciences and providers, together with barcoding options, sensible card expertise, and RFID units. Moreover, it’s actively concerned in monetary inclusion initiatives, contributing to initiatives such because the Jan Dhan Yojana, which is pushed by the Reserve Financial institution of India.
These efforts align with the corporate’s concentrate on delivering modern options that improve effectivity and help the broader purpose of monetary inclusion throughout the nation.
Monetary Efficiency
As per its newest monetary outcomes, the corporate recorded consolidated income of Rs.8.85 crore, reflecting a 6 p.c lower from Rs.12.43 crore in Q2 FY24. Nevertheless Internet income improved to Rs.0.25 crore from a internet lack of Rs.0.99 crore throughout the identical interval.
Its price-to-earnings ratio stands at 203.89, considerably larger than the business common of fifty.17. The corporate showcases a present ratio of 1.69 and a debt-to-equity ratio of 0.01.
By way of return ratios, the Return on Capital Employed (ROCE) and Return on Fairness (ROE) stand at 4.95 p.c and 9.78 p.c, respectively.
Firm Overview
Based in 1990 as Tremendous Bartronics Personal Restricted, Bartronics India Ltd. is a number one supplier of Automated Identification and Knowledge Seize (AIDC) options. The corporate transitioned to a public restricted entity in 1995 and adopted its present title in 1996. Initially targeted on barcoding applied sciences, Bartronics has since diversified its choices to incorporate sensible card expertise and RFID options, primarily serving the manufacturing business.
Written by – Siddesh S Raskar
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