The shares of Ksolves India Limited touched a significant milestone price of Rs 1300 per share today. If we check the historical price of the company’s shares, we can see that it started its journey from Rs 13 in the financial year 2020, to be precise, in July.
If we calculate the number of days it took to go from Rs 13 to Rs 1300, it took nearly 1137 days or 3.11 years to cover this beautiful journey.
Ksolves India Limited is engaged in software development, enterprise solutions, consulting, and providing IT solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom, and Healthcare, etc.
Upon analysing today’s share volumes, it’s evident that there has been a considerable increase of over 1.4 times in trading volumes in comparison to its average volumes on the BSE. At the time of writing this article, the company’s shares have risen by Rs 122.30, equivalent to a 10.37% increase, and are currently trading at Rs 1301.55 each on the BSE.
The stock’s 52-week high and low stand at Rs 1373.50 and Rs 356.65, respectively. With a market capitalisation of Rs 1543 crore, the stock has demonstrated impressive performance yielding an outstanding 17% return in just one week and 175% in the last year.
Financial Performance
In Q1 FY24, the revenue from operations saw a YoY increase of 47%, rising from Rs 16 crore to Rs 23.66 crore. The operating profit showed growth from Rs 7.35 crore to Rs 10.14 crore; however, on a sequential basis, it decreased from Rs 9.03 crore to Rs 10.14 crore. The operating profit margin stood at 43%.
In contrast, the net profit of the company reached Rs 7.5 crore from Rs 5.58 crore. The net profit margin stood at 32% in Q1 FY24.
The company’s return on capital employed (ROCE) and return on equity (ROE) are impressive at 171% and 128%, respectively. The stock is trading at a Price-to-Earnings ratio of 58 times in the market.
Company Overview
Ksolves India Ltd, incorporated in 2014, is engaged in software development, enterprise solutions, consulting, and providing IT solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom, Healthcare, etc. Ksolves curates and develops the best possible software solutions. It is servicing clients across several countries with 410+ in-house technology experts.
Ksolves is a 360-degree software solution provider, known in the industry for its expertise in Big Data (Apache Kafka, Apache NiFi, Apache Spark, Apache Cassandra), Data Science (Artificial Intelligence & Machine Learning), Salesforce, DevOps, Java & Microservices, OpenShift, Penetration Testing, etc.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.
