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Adroit Infotech Ltd

Adroit Infotech Ltd (ADROITINFO)

₹20.1▲1.95%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Adroit Infotech Ltd share Performance

₹19.5
₹20.45
₹20.1
2.99%
Low
Day's Volatility:4.73%
High
1.74%
₹11.75
₹24.94
₹20.1
41.54%
Low
52 Weeks Volatility:65.62%
High
24.08%

Returns %
1 Month Return	29.34 %
3 Month Return	13.26 %
1 Year Return	-16.84 %

Market Stats
Previous Close	₹20.50
Open	₹19.90
Volume	1.20L
Upper Circuit	-
Lower Circuit	-
Market Cap	₹58.88Cr

Company Information

Adroit Infotech Ltd is an established company providing software development, consulting and SAP services. They have initiatives such as data analytics, mobility, enterprise solutions and SAP education. In 2020 Adroit Infotech had a Scheme of Amalgamation with Sphere Global Services Ltd, which was originally incorporated in 1990 as Rusoday Mutual Funds Ltd in Andhra Pradesh and had gone through several name changes until it became Sphere Global Services Ltd in 2014. Since then the company has also acquired two subsidiaries located in the Middle East, Sphere Global Services FZ LLC and Adroit Infotech DMCC. The merger was completed in 2017 and in 2018, the company had a successful name change to Adroit Infotech Ltd according to Registrar of Companies in Andhra Pradesh-Telangana. Lastly, in 2020 their equity shares were listed for trading in both BSE and NSE.

Share Price: ₹20.10 per share as on 02 May, 2024 04:01 PM
Market Capitalisation: ₹58.88Cr as of today
Revenue: ₹7.08Cr as on December 2023 (Q4 23)
Net Profit: ₹1.57Cr as on December 2023 (Q4 23)
Listing date: 15 Dec, 1999

Organisation	Adroit Infotech Ltd
Headquarters	Hyderabad
Industry	IT - Software
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Key events for Adroit Infotech Ltd

Adroit Infotech Acquires US-Based ERP Solutions Company - 24 Apr, 2024
Adroit Infotech Ltd has entered into a non-binding share purchase agreement to acquire a 100% stake in a US-based ERP solutions company, allowing the company to broaden its portfolio to include Oracle ERP solutions alongside SAP solutions. The acquisition is expected to increase Adroit Infotech's presence in North America and result in an estimated 3-4x increase in consolidated revenues.

Fundamentals of Adroit Infotech Ltd

Insights on Adroit Infotech Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 4.15 Cr → 7.1 Cr (in ₹), with an average increase of 41.6% per quarter
POSITIVE IMPACT
Price Rise
In the last 1 month, ADROITINFO stock has moved up by 29.3%
POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, -0.72 Cr → 1.57 Cr (in ₹), with an average increase of 145.9% per quarter
NO EFFECT
Against Peers
In the last 3 years, KPIT Technologies Ltd has given 638.1% return, outperforming this stock by 526.7%
NO EFFECT
Retail Holding Unchanged
Retail Investor holdings remained unchanged at 61.55% of holdings in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 1 year, Newgen Software Technologies Ltd has given 228.3% return, outperforming this stock by 245.1%
NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 38.45% of holdings in Mar 2024 quarter