CV numbers just came out.
http://corporates.bseindia.com/xml-data/corpfiling/AttachLive/ECF865A8_77BC_4AEC_AD88_81C546602399_154150.pdf
At first glance, looks fine. I have not had a detailed look yet and also did not compare with Oct'15 yet
Posts in category Value Pickr
Eicher Motors (01-12-2015)
Kellton Tech – Fast growing IT guy in ISMAC space (01-12-2015)
It's not about our wish
It's about every VP Member acting responsibly.
Do you agree to Member view who have flagged your post and written to us, or do you retain the nonchalance about posting any which way you want at VP?
A proper response will help us
Kellton Tech – Fast growing IT guy in ISMAC space (01-12-2015)
Please delete it if you wish.
Kellton Tech – Fast growing IT guy in ISMAC space (01-12-2015)
Its SAD to see VP Old Timers writing about a business in this manner at VP - so nonchalantly!!
If you can't RESEARCH a business - and present a holistic balanced view - paying decent attention to the RISKs and counterarguments in the story - you have NO RIGHTS to write an influencing post on it.
Please note such posts may get deleted automatically, and put your actions under watch.
Kellton Tech – Fast growing IT guy in ISMAC space (01-12-2015)
I was going through their acquisition strategy and the companies acquired and found few details.
1. Prosoft Technology Group. ( Mainly in )
- Business Enterprise solutions using SAP
- Business Integration (Enterprise Cloud Readiness, B2B Integrations, Infrastructure Services etc)
- Business analytics.
They are mainly in to Retail, Manufacturing and Finance verticals. More Info:
http://prosoftgroup.com/
2. vivios corp (mainly in)
- Staffing Solutions
- HealthCare & LifeSciences Staffing.
Not sure how big is the staffing solutions vertical is across the world.
http://www.vivoscorp.com/
3. eVantage Technologies
- Mainly in to SAP Practice, EAI, Data Warehosuing Practice.
http://www.evantagetechnologies.com/default.htm
Already integrated the operations with Kellton.
4. SkanDbyDx
- Strategic Mobility consulting
- Product engineering and QA
I could see makemyTrip as theire client here. Lot of similar startups as clients i believe.
- Active in all verticals as per their website.
5.SupremeSoft
- Mobile Technology
- Cloud Computing
- Data Analytics.
- Seems to have impressive set of Clients - both Private Commercial and Public Enterprises.
I feel Prosoft,SkanDbyDx and SupremeSoft had been a good buy and will give them better domain expertise and customers.Once all the companies are integrated, could provide further fillip.
If they can integrate the operations across and walk the talk, this could be a great company in the making.
Cigniti Technologies – Aspiring to be Number one player in SW testing space (01-12-2015)
Summary:-
- 3rd largest “Independent Software Testing” company
- Target is to be the largest IST
- Targeting 300M USD revenue in FY18 (Geographic Expansion + Inorganic Acquisition)
- Target EBIDTA margin ~ 20%, PAT margin ~ 15%
- 1800 people
- Serving 34 Global 2000 companies
- IDFC Equity Opportunity Fund and Religare both hold 1%+ stake in it
- More Info @ http://www.cigniti.com/corporate-presentation
- Diversified client base
Growth:-
Moat:-
Industry Overview:-
- Testing consumes ~ 20-30% of SW development
- Growing at 11% CAGR (FY18 ~ USD 25B)
- 2 types
- Traditional ~ Not done by career tester
- STS : Specialist Testing Service ~ Done by career tester
- STS
- 15.7 B USD, growing at 10%
- Increasing tendency toward multi-year contact (Now ~42%)
- North America ~ 46% share : growing at 14% cagr
- New testing (ERP, BI, SOA, Agile, Mobile etc) ~ growing at 29% cagr
Risk:-
- Demise of key guy who was the torch bearer of growth ( https://www.youtube.com/results?search_query=Sriram+Rajaram )
- Execution risk, not 100% sure if the rest of management can drive Cigniti to new high
- Highly fragmented market
- Technology risk - Newer technologies requires newer way of testing, need to keep oneself abreast with newer technology to stay in the game.
Disc : Invested
Long term nest portfolio for my daughter (01-12-2015)
Agree with Ashwini, we even don't know if Just Dial will exist after 10 years or not. Pls ask in your community how many people use it now a days. Also the content (read listings) on Just Dial is always getting challenged in industry on authenticity.
Socially Responsible Investing? (01-12-2015)
Dear Nishant,
When I buy into any company, I am buying a small part of ownership.
I apply the following filter when I buy:
- Dont buy any company whose products I wouldnt want to sell myself.
- Dont buy any company whose products I may consider as harmful to humans / may not like.
I am applying an 'inner scorecard' when I invest, I dont care if I pass up a compelling opportunity to make loads of money bypassing the above filters.
Best regards.
Patels airtemp limited (01-12-2015)
Tracking PAT closely. They have target to achieve around 140 cr of revenue for FY16. Also have ambitious target of 200 cr for FY17. But order inflows are little slow. When capex cycle turn positive strongly, hope order book will grow faster. Registering co in few countries especially gulf. I think bcz of lower crude price, few projects are delayed and so the order book growth.
Is there any rule for max gain weekly, monthly and yearly basis? (01-12-2015)
i clarified..hopefully now am clear. Yes, whatever is the circuit limit at sep 30 is what decides the quarterly gap. the quaterly/montly/weekly caps are increased if the circuit limit is increased but if the circuit is revised downwards, the price does not go down, it just does not move up. but in any case the stock cannot go up more than 400% in a year and this sucks