Shares of this micro-cap company specializing in computer hardware and software solutions rose 1.5 percent on Friday after securing a digital transformation contract with Indocool Composites Pvt. Ltd to implement GROW with SAP- proven solutions that are built on best practices, ensuring sustainable growth and success.
Price Action
During Friday’s trading session, ROX Hi-Tech Ltd’s share price reached an intra-day high of Rs.99.95 per share on Friday, rising 3.5 percent from its previous close of Rs.96.55 per share.
What happened
ROX Hi-Tech Limited has secured a significant contract with Indocool Composites Pvt. Ltd. to implement GROW with SAP, a solution designed to drive sustainable growth through best practices.
The company sought a scalable and integrated solution to address limitations in its current system. GROW with SAP, covering key processes like Finance, Procurement, Sales, and Manufacturing, will streamline operations and improve efficiency using SAP’s cloud technology. ROX Hi-Tech will serve as the implementation partner for this digital transformation.
Management Commentary
Commenting on the collaboration, Mr. Jim Rakesh, Managing Director of ROX Hi-Tech Limited, stated, “We are honored to partner with our client on their transformative journey towards digital excellence. By implementing GROW with SAP, we aim to empower their operations with robust, scalable, and future-ready Enterprise management capabilities.
Leveraging SAP’s automation and AI-driven features, we are confident in helping them enhance operational efficiency, optimize processes, and enable intelligent decision-making. This collaboration underscores our commitment to driving innovation and delivering impactful digital transformation solutions for the discrete manufacturing industry.”
Services Offered
ROX Hi-Tech offers comprehensive IT solutions, including enterprise infrastructure, cloud migration and management, and consulting services to support digital transformation. The company also partners with global IT leaders such as IBM, Lenovo, SAP, Cisco, and RedHat to enhance its offerings and deliver innovative solutions.
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Financial Performance
As per its latest financial results, the company recorded consolidated revenue of Rs.83 crore, reflecting an 8 percent increase from Rs.77 crore in Q2 FY24. However Net profits remained same at Rs.10 crore from Rs.10 crore during the same period.
Its price-to-earnings ratio stands at 10.38, significantly lower than the industry average of 45.93. The company showcases a current ratio of 3.25 and a debt-to-equity ratio of 0.5.
In terms of return ratios, the Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 21.16 percent and 20.4 percent, respectively.
Company Overview
ROX Hi-Tech Limited, an established IT solutions provider in India, specializes in delivering comprehensive IT infrastructure services. Since its founding, the company has grown substantially, expanding its service offerings to meet diverse business requirements.
Written by – Siddesh S Raskar
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