One of the micro-cap stocks engaged in dealing in electronic items and trading activities has hit the 2 percent upper circuit after receiving an order from Leapfrog Engineering Services Limited worth Rs. 85 crores for a water transmission project in Bahrain.
Stock Price Movement
With a market capitalization of Rs. 761.44 crores, the shares of Mehai Technology Limited’s stock surged by 2 percent, reaching an upper circuit of Rs. 308.15 per share on Monday, up from its previous closing price of Rs. 302.15 per share.
What Happened
Mehai Technology Limited has received an order worth Rs. 84.57 crores from Leapfrog Engineering Services Limited for the supply and installation work of a water transmission project in Bahrain. The contract follows general terms and conditions, executed per the LOA, marking a key international milestone.
Business Segments
Mehai Technology operates in two key segments, such as retail and trading of electronic products and broader trading activities related to electronics. The company is focused on expanding its market presence while addressing challenges related to financial performance.
Product and service offerings
Mehai Technology Limited offers a diverse product range, including refrigerators, air conditioners, coolers, televisions, washing machines, and mobiles. Additionally, the company provides IT and business services along with technology solutions, catering to evolving consumer and business needs.
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Recent quarter results and ratios
Mehai Technology Limited’s revenue has increased from Rs. 3.81 crore in Q2 FY24 to Rs. 10.17 crore in Q2 FY25, which has grown by 166.93 percent. The net profit of Mehai Technology Limited has also grown by 247.83 percent, from Rs. 0.23 crore in Q2 FY24 to Rs. 0.80 crore in Q2 FY25.
Mehai Technology Limited’s revenue has grown at a CAGR of 47.36 percent over the last three years.
In terms of return ratios, the company’s ROCE and ROE should be 5.23 percent and 2.35 percent, respectively. The debt-to-equity ratio of the company is to be 0.30x, which shows the company is almost debt-free. Mehai Technology Limited’s EPS is to be Rs. 0.54.
Shareholding pattern
In September 2024, Mehai Technology Limited had a majority stake held by the promoters at 56.33 percent and the public at 43.67 percent.
Company Overview
Mehai Technology Limited was established in 2013 and specializes in electronics and trading. The company operates 16 retail stores in Patna and plans to expand by opening four more stores in Kolkata, offering a wide variety of electronic products to customers across Eastern India.
Written By – Nikhil Naik
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