Seven-year deal worth Rs 12.81 crore: Engineering firm bags major ATM supply contract with leading public sector bank

Seven-year deal worth Rs 12.81 crore: Engineering firm bags major ATM supply contract with leading public sector bank

On August 1, 2025, Vortex Engineering Private Limited, a subsidiary of Vakrangee Limited, signed a strategic service level agreement (SLA) with UCO Bank to install 300 new ATM machines over seven years.

The seven-year contract worth Rs 12.81 crore covers complete supply, installation and maintenance including Annual Maintenance Contract (AMC). The agreement further strengthens Vortex’s position as a leading provider of advanced, energy-efficient ATMs designed for financial inclusion and last-mile banking access.

Also Read: Adani Enterprises Q1 results shock: Profit drops nearly 50% amid revenue drop.

Key Fundamentals

As per the fundamentals of Vakrangee Limited shares, its market capitalization is Rs 995 crore and the current price is Rs 9.19. The company has a price-to-earnings (P/E) ratio of 136, return on capital employed (ROCE) of 5.86% and return on equity (ROE) of 3.51%. Its book value is Rs 1.87 with a price-to-book ratio of 4.91 and earnings per share (EPS) of Rs 0.07. The dividend yield is modest at 0.54%.

From a technical perspective, the stock shows an RSI of 34.97, while the 50-day, 100-day and 200-day exponential moving averages (EMA) are all located above the current price, indicating a bearish technical condition.

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