management responded that there will me some resorts where ARR will be 25000 Rs, which will contribute to the growth + There will be income from event and exhibition as well… I think 300 Cr is doable given government thrust on increasing tourism sector
If we consider 300 Cr revenue , EBIDTA will be around 120 cr, Depreciation will be 15 Cr and PBT = 105 CR , and PAT will be around 75 CR
Current Market Cap is around 2160 , which translate of Forward PE of 28 which is reasonable

Considering technical , stock is forming base around 50 EMA. Market will look for results and another announcement regarding timely opening of resorts and new order wins.

Deviation from target will punish stock and if it seems that results are good then stock price can reach 1800 Rs (at PE of 60 of FY 25 earnings)

next date is on 27th feb

“NPST Joins Hand with DCB Bank: Empowering Seamless Online Dispute Resolution.”

the Company is delighted to announce its partnership with DCB Bank by way of securing the contract for the “Development, Implementation, Customization, and Management of Software Solution for
Online Dispute Resolution Solution for various Digital Payment Channels of the Bank.”
The Company has successfully developed and launched the Online Dispute Resolution
mechanism for its Merchants in UPI ecosystem. As per the RBI master Direction to implement the Online dispute resolution for all the digital payments, ODR System is fast and fair in providing ultimate experience for their issuance /grievances.

This ODR solution will reduce the actual TAT and dependency on the batch file processing to
assist the user with the Realtime status of transaction request. It will facilitate expeditiously and
in fair manner for providing ultimate customer experience and trust in services of DCB Bank
without any manual interventions.

https://nsearchives.nseindia.com/corporate/NPST_22022024111925_NSEIntimationDCBBank.pdf

I wrote to their IR email asking for details and explanation on

A) some receivables higher than 3 years and some significant number higher than 1 year

B) impairment policy on receivables

C) why certain investors were chosen for the preference issue when they are not part of the promoter group

no response yet after 10 days. Sent reminder again.

Let’s see

Among other things

1. NEW CEO looks good . Has finastra background so lots of new sales / deals/ product tie ups coming through that ecosystem

2. trejira thing looked fishy BUT THEY Seem to have spun a good story around it

3. not capitalising r and d and routing it through P and L could be a way to write off past sins

4. don’t understand why their products are winning except the corporate lending suite , fx markets and the transport stack. All other new product lines look like they have a small TAM. Still need to read in more detail

Not invested but tracking

Can we source the latest financial statements of DyStar? Couldn’t find it on thier website.
Any update on the fair value of Kiri’s stake in DyStar would be helpful to ascertain the final settlement amount.