Company Overview

Slone Infosystems Limited is an Indian company incorporated in December 2022, specializing in providing IT hardware solutions. Initially established as a Private Limited Company ('Slone Infosystems Private Limited') on December 29, 2022, it later converted to a Public Limited Company, with its name officially changed and a new certificate of incorporation issued on December 12, 2023, by the Registrar of Companies, Central Registration Center.

The company operates as an IT hardware solutions provider, engaged in the selling and renting of IT equipment, and offering comprehensive IT Service Solutions across India. Its business model integrates hardware distribution with rental services and robust technical support. Slone Infosystems brings to the table an extensive experience of 24 years, a client base of over 50 satisfied customers, and round-the-clock customer support. Complementing its diverse product range, the company boasts a trusted dealer network, a strong legacy of service, and a pan-India presence.

Business Operations and Services

Slone Infosystems offers a wide array of IT equipment for sale and rent, including laptops, desktops, servers, and workstations. Additionally, the company provides IT solution services tailored for corporate clients, such as managing cloud servers and offering expert servicing for IT equipment. This comprehensive service portfolio positions Slone Infosystems as a single-stop solution for businesses looking to modernize their IT infrastructure.

On the hardware front, Slone Infosystems Ltd provides an advanced selection of IT hardware from leading brands like HP, Lenovo, Dell, and others. Its product offerings include desktops, laptops, servers, switches, CCTV systems, SAN storage, workstations, CCTV cables, and various computer peripherals designed to meet diverse client requirements.

The company's strategic advantage in the IT hardware sector is further enhanced by its capability to deliver customized solutions. Slone Infosystems Ltd also provides bespoke business IT solutions that personalize the technology experience for each client. Moreover, it facilitates continuous business evolution through regular technology upgrades, ensuring clients receive not just products, but comprehensive technology partnerships that adapt and grow with their business needs.

Market Position and Trading Information

Slone Infosystems Limited shares were listed on the NSE SME platform on May 10, 2024. At the time of its listing, the market capitalization of the Slone Infosystems IPO was Rs 41.63 Cr. However, the company has demonstrated significant growth in its market valuation post its public debut. The current market capitalization stands at ₹161 Crore (representing a 99.9% increase over the past year, as per data from May 2024).

The Slone Infosystems IPO price was set at ₹79 per share. The minimum lot size for an application was 1600 shares. The public issue was offered at ₹79.00 per share and subsequently listed at ₹118.50, delivering an impressive listing gain of 50.00%. This strong listing performance underscored investor confidence in the company's business model and future growth prospects.

Financial Performance

The company has showcased robust financial growth since its inception. Recent financial data indicates a revenue of ₹211 Cr and a profit of ₹7.41 Cr. Between the financial years ending March 31, 2023, and March 31, 2022, Slone Infosystems Limited recorded a revenue increase of 15.73% and a rise in Profit After Tax (PAT) of 94.88%.

The company's financial trajectory illustrates consistent improvement in its profitability metrics:

- Recent Financial Period (Mar 2023): Revenue: ₹ 45.43 Cr. EBITDA: ₹ 6.33 Cr. PAT: ₹ 3.80 Cr.

- Revenue Trend: Increased from ₹2,578.79 lakhs in March 2022 to ₹3,022.14 lakhs in March 2023. For the 9-month period ending December 2023, revenue reached INR 3,407.06 lakhs, surpassing the previous full year's benchmark.

- Profit After Tax (PAT) Trend: Significantly grew from ₹38.31 lakhs in March 2022 to ₹284.72 lakhs by December 2023.

- Profit Figures: ₹6.78 Crs for TTM (Trailing Twelve Months), ₹4.19 Crs for Mar 2024, and ₹0.75 Crs for Mar 2023.

Slone Infosystems IPO PAT Margin is 8.37%, and its ROCE (Return on Capital Employed) is 25.89% as per the latest financial data. These metrics highlight efficient capital utilization and healthy profit margins within the competitive IT hardware sector.

Corporate Governance and Management

The primary promoter of Slone Infosystems Ltd is RAJESH SRICHAND KHANNA, who holds 72.18% of the total equity. Rajesh Srichand Khanna also serves as the Chairman and Managing Director of the company. The Promoter Holding stands at 73.1%, indicating strong commitment from the promoters towards the business.

Significantly, there is no promoter pledging of shares in Slone Infosystems Ltd, reflecting financial stability and confidence in the company's future prospects. The company was promoted by Rajesh Srichand Khanna, Manisha Rajesh Khanna, and Mohit Rajesh Khanna.

Employee Strength and Operations

As of April 2024, Slone Infosystems Ltd has a lean workforce comprising 8 employees on its payroll and 6 contractual employees. Despite its relatively small team, the company has achieved substantial revenue growth, indicative of efficient operations and a strategic focus on high-value services.

The Company holds ISO certifications for OH&S (Occupational Health & Safety), Information Security, Environmental Management, and Quality Management Systems. These certifications underscore the company's adherence to international standards and its commitment to quality excellence, which are crucial attributes in the IT hardware and services industry.

The combination of strong financial performance, experienced management, comprehensive service offerings, and quality certifications positions Slone Infosystems Limited as a notable player in the IT hardware solutions space, poised for significant growth within the expanding Indian technology market.

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