Average From Lower Levels
Ready To open Lower circuit 🚀
Small Size SME IT Stock Highly Undervalued
Potential multiple
( Huge Order Book )
Globe secure Technology ( GSTL ) SME NSE
Cyber Security company betting big on Telecom play
Recent order wins ( Very Important)
Company has entered into agreement with BSNL for providing FTTH connections in service ready GPs worth 80Cr in 3 years time. The work order is a part of BSNLs Bharat Net project. Company has also recently won order worth 5Cr from Rural Infratel International Limited & ~2Cr from MCX.
Corporate Information
GSTL is a digital transformation company with a focus on cyber security. Company has executed cybersecurity transformation projects, infrastructure, and digital transformation projects for various institutions and also provided similar independent services viz. consultation, architecture, solution design, implementation, monitoring and providing managed services.
Financial results updates
Company reported almost 100% growth in sales in H1FY24 at 10.05Cr against 5.54Cr in same period previous year. Its EBITDA stood at 1.29Cr vs 0.97Cr. Company reported PAT of 0.21Cr for H1FY24.
Cyber security sector update
Surging demands for the security protocols and processes due to increasing data theft is actively driving the growth of the Indian Cyber Security Market in the upcoming five years. Complaints about the data breach from cyber companies and hacking attempts, cyber phishing, foreign espionage, etc., are majorly driving the market growth. Increased usage of cloud-based services and storage & sharing of data online are also increasing the demand for cyber security and thus supporting the growth of the Indian Cyber Security Market in the next five years. The cyber security market is expected to be worth USD3543.37 million by FY2027.
Investment Rational
Company operates in niche sector providing services to marquee clients. The BSNL order of 80Cr is expected to be a game changer for this counter considering its market cap of just 71.5Cr. Considering the recent updates in this counter we expect it to make good run in short period.
Ready To open Lower circuit 🚀
Small Size SME IT Stock Highly Undervalued
Potential multiple
( Huge Order Book )
Globe secure Technology ( GSTL ) SME NSE
Cyber Security company betting big on Telecom play
Recent order wins ( Very Important)
Company has entered into agreement with BSNL for providing FTTH connections in service ready GPs worth 80Cr in 3 years time. The work order is a part of BSNLs Bharat Net project. Company has also recently won order worth 5Cr from Rural Infratel International Limited & ~2Cr from MCX.
Corporate Information
GSTL is a digital transformation company with a focus on cyber security. Company has executed cybersecurity transformation projects, infrastructure, and digital transformation projects for various institutions and also provided similar independent services viz. consultation, architecture, solution design, implementation, monitoring and providing managed services.
Financial results updates
Company reported almost 100% growth in sales in H1FY24 at 10.05Cr against 5.54Cr in same period previous year. Its EBITDA stood at 1.29Cr vs 0.97Cr. Company reported PAT of 0.21Cr for H1FY24.
Cyber security sector update
Surging demands for the security protocols and processes due to increasing data theft is actively driving the growth of the Indian Cyber Security Market in the upcoming five years. Complaints about the data breach from cyber companies and hacking attempts, cyber phishing, foreign espionage, etc., are majorly driving the market growth. Increased usage of cloud-based services and storage & sharing of data online are also increasing the demand for cyber security and thus supporting the growth of the Indian Cyber Security Market in the next five years. The cyber security market is expected to be worth USD3543.37 million by FY2027.
Investment Rational
Company operates in niche sector providing services to marquee clients. The BSNL order of 80Cr is expected to be a game changer for this counter considering its market cap of just 71.5Cr. Considering the recent updates in this counter we expect it to make good run in short period.