Shares of this Electronic Manufacturing Services (EMS) company hit a 2 percent upper circuit on Tuesday after bagging a turnkey project order worth Rs.37.70 crores in the telecommunications sector for a complete box build.
Price Action
In Tuesday’s trading session, Aimtron Electronics Ltd‘s share price hit a 2 percent upper circuit and locked at Rs.555.75 per share, from its previous close of Rs.544.90 apiece. Over the past 6 months, the stock delivered over 101 percent returns.
Project Details
Aimtron Technologies has secured a domestic turnkey project order in the telecommunications sector, with a total value of INR 37.70 crores. The scope of the project includes a complete box build, which will encompass all stages of the design, development, and delivery.
The contract, awarded by a domestic entity, specifies that the project is to be completed within a 12-month timeframe. This order highlights Aimtron’s capabilities in handling large-scale turnkey projects in the telecommunications industry.
Expansion Plans
The company recently announced that Aimtron Electronics LLC, its wholly-owned subsidiary based in Texas, USA, will begin operations on January 1, 2025. This marks a significant milestone in expanding the company’s footprint in the North American market, allowing it to better serve local customers, foster strategic partnerships, and leverage growth opportunities in the region.
Key Developments
In line with its global growth strategy, the company has established a remote sales office in Germany. This development marks the beginning of its expansion into the European market, allowing the company to connect with new customers, build a local presence, and adapt its offerings to meet regional requirements, setting the stage for future growth in the region.
Looking ahead, the company aims to drive sustainable growth by continuing its focus on innovation, efficiency, and customer-centric strategies. It anticipates generating business revenues of approximately $4 to $5 million in the upcoming fiscal year.
Product Portfolio
Aimtron Electronics offers a range of services, including PCB design and assembly for both domestic and international markets. The company also provides complete electronic system manufacturing through contract services, handling the entire production process for clients.
Additionally, it specializes in box build assemblies, particularly for battery management systems in electric vehicles (EVs). Aimtron further offers end-to-end design solutions, from concept development to prototyping and final manufacturing.
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Financial Performance
In its latest filing, Aimtron Electronics Ltd reported a 35 percent rise in revenue for Q2 FY25, reaching Rs.58 crore, compared to Rs.43 crore in Q2 FY24. Moreover, the company’s net profit increased 57 percent to Rs.11 crore in Q2 FY25, from Rs.7 crore in Q2 FY24.
Shareholding Pattern
As per the September 2024 shareholding pattern, the promoters of Aimtron Electronics Ltd hold a 71.30 percent stake, while Foreign Institutional Investors hold a 1.82 percent stake. Domestic Institutional Investors and Retail investors hold a stake of 1.47 percent and 25.42 percent, respectively in the company. Notable ace investor, Ashish Kacholia owns a1.11 percent stake in the company.
About the company
Founded in 2011 and headquartered in India, Aimtron Electronics Ltd specializes in electronics manufacturing services and system design. The company provides PCB design, assembly, and end-to-end electronic system manufacturing, catering to a global client base across multiple industries.
Written by – Siddesh S Raskar
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