This Micro-Cap is in the business of workforce management and administration which includes workspace management services has jumped by 6.86 percent in the day’s trade of the stock market. The company has received a new order from various clients amounting to Rs. 11.80 crore.
Stock Movement
With a market capitalization of Rs. 99.40 crore, the shares of Service Care Limited were opened at Rs. 81 per equity share and touched a day’s high of Rs. 88.90 per share. It was trading around 6.86 percent up from its previous day’s close price of Rs. 80.90.
What Happened
On Thursday’s trading section, Service Care Limited confirmed new orders from a large infrastructure development company situated in Mumbai amounting to Rs. 11.80 crore. The order is related to providing workforce administration which includes manpower supply for 30 months.
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Financial analysis and ratios
Service Care Limited’s revenue has increased from Rs 159 crore in FY23 to Rs. 193 crore in FY24, which has grown by 21.26%. The revenue of the company has grown at a CAGR of 29% over the last three years.
The company’s net profit has declined by 0.51%, from Rs. 4.38 crore in FY23 to Rs. 4.36 crore in FY24. In terms of return ratios, the company’s ROCE and ROE stood at 19% and 18.80%, respectively. The debt-to-equity ratio of the company stood at 0 times which shows financial stability, and EPS in FY24 was Rs. 3.79.
About the company
Service Care Limited operates as an integrated business service provider in India. The company delivers a wide range of staffing and outsourcing solutions across various sectors, including infrastructure, manufacturing, banking, sales, IT, knowledge processing outsourcing (KPO), business process outsourcing (BPO), healthcare, facility management, and food and beverage.
Its services focus on workforce management and workspace management. In workforce management, the company offers human resource (HR) solutions, compliance tools, contract staffing, and recruitment services. For workspace management, it provides building maintenance, traditional services, and hospitality solutions. Its HR and compliance tools help organizations manage their human resources effectively while ensuring compliance with legal and regulatory standards.
Written by Santhosh
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