One of the micro-cap IT stocks specializing in core banking solutions, ERP implementation, and customized software services for the Banking, Financial Services, and Insurance (BFSI) sectors. The stock has jumped 3.81 percent after receiving a multiple work order worth Rs. 122 lakhs.
Stock Price Movement
In Tuesday’s trading session, Trust Fintech Limited’s share jumped to an intraday high of 3.81 percent from the previous close of Rs. 155.05. The stock opened at Rs. 157 and is currently trading at Rs. 160.90 with a high of Rs. 160.95 and a low of Rs. 152. The market capitalization now stands at approximately Rs. 383.35 crore.
What Happened
Trust Fintech Limited has secured multiple domestic orders, totaling Rs. 1.25 crore. The work order includes the supply, implementation, and commissioning of Trust Bank CBS Software for Samata Co-operative Development Bank Ltd, valued at Rs. 29.10 lakhs.
Additionally, Laxmikrupa Urban Credit Co-Operative Society Limited has awarded a purchase order for Trust Bank CBS Software with an initial value of Rs. 12.56 lakh for the first year and Rs. 2.36 lakh annually for subsequent years. Aradhnam Portfolio Investments Private Limited has awarded a Rs. 55 lakh work order for developing and implementing a Loan Origination System, Loan Management, and Loan Recovery System for a five-year contract period.
Lastly, Nagnath Urban Co-Operative Bank Limited has awarded a purchase order for Trust Bank CBS Software with an initial value of Rs. 14.64 lakh for the first year and Rs. 8.64 lakh annually for subsequent years.
Services Offering
Trust Fintech Limited provides core banking solutions, ERP implementation, customized software development, SAP B1 solutions, and offshore IT services. It has developed over ten banking products designed to meet the unique needs of financial institutions.
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Recent quarter results and ratios
Trust Fintech Limited’s revenue has decreased from Rs. 19 crore in Q2 FY24 to Rs. 17 crore in Q2 FY25, which has down by 10.53 percent. The net profit of Trust Fintech Limited has also been down by 28.57 percent, from Rs. 7 crore in Q2 FY24 to Rs. 5 crore in Q2 FY25.
Trust Fintech Limited’s revenue and net profit have grown at a CAGR of 15.02 percent and 81.71 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE should be 46.1 percent and 34.6 percent, respectively. Trust Fintech Limited’s EPS is to be Rs. 5.18 and is a debt-free company.
Shareholding pattern
In September 2024, Trust Fintech Limited had a majority stake held by the promoters at 68.85 percent, foreign institutional investors at 0.53 percent, domestic institutional investors at 1.81 percent, and the public at 28.80 percent.
Company Overview
Trust Fintech Limited was incorporated in 1998. The company develops software solutions for the BFSI sector. The company specializes in core banking software, ERP implementation, and mobile app development.
Written By – Nikhil Naik
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