Shares of this micro-cap company specializing in Automatic Identification & Data Capture (AIDC) solutions surged 10 percent to hit the upper circuit following plans to sign a Memorandum of Understanding with Singapore-based semiconductor solutions firm TPW Global.
Price Action
With a market capitalization of Rs.615 crore, Bartronics India Ltd’s share price reached an intra-day high of Rs.20.11 per share on Friday, locking the 10 percent upper circuit from its previous close of Rs.18.29 per share.
What happened
The Board of Directors of the company is set to meet on 8th January 2025 to discuss and approve the proposed Memorandum of Understanding (MoU) with TPW Global, a renowned Singapore-based semiconductor solutions company.
The MoU aims to formalize a strategic collaboration between the company and TPW Global, focusing on advancing technological capabilities and exploring potential business synergies in the semiconductor sector.
This partnership is expected to enhance the company’s position in the market, fostering innovation and driving growth in the field of semiconductor solutions and related services.
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Services offered
The company offers a range of key technologies and services, including barcoding solutions, smart card technology, and RFID devices. Additionally, it is actively involved in financial inclusion projects, contributing to initiatives such as the Jan Dhan Yojana, which is driven by the Reserve Bank of India.
These efforts align with the company’s focus on delivering innovative solutions that enhance efficiency and support the broader goal of financial inclusion across the country.
Financial Performance
As per its latest financial results, the company recorded consolidated revenue of Rs.8.85 crore, reflecting a 6 percent decrease from Rs.12.43 crore in Q2 FY24. However Net profits improved to Rs.0.25 crore from a net loss of Rs.0.99 crore during the same period.
Its price-to-earnings ratio stands at 203.89, significantly higher than the industry average of 50.17. The company showcases a current ratio of 1.69 and a debt-to-equity ratio of 0.01.
In terms of return ratios, the Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 4.95 percent and 9.78 percent, respectively.
Company Overview
Founded in 1990 as Super Bartronics Private Limited, Bartronics India Ltd. is a leading provider of Automatic Identification and Data Capture (AIDC) solutions. The company transitioned to a public limited entity in 1995 and adopted its current name in 1996. Initially focused on barcoding technologies, Bartronics has since diversified its offerings to include smart card technology and RFID solutions, primarily serving the manufacturing industry.
Written by – Siddesh S Raskar
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