In the call, they were claiming to grow more than #1.
If its CMS Info then they have 27% ebidta which is way more than 15% of SIS
But yes, growth in SIS is more i.e. growing 30 – 40% compared to last year, and they growing at 15%
CMS is trading at 2.75x sales.
Going similar multiple of 2.5x (ebidta is half but growth is double) – SIS Cash business value can be: 500 x 2.5 = 1250 crores (out of total 5100 cr market cap)
UPDATE:
CMS is 3 time bigger and has long track record, consistently growing at 15-18%
SIS has grown with this rate in last one year only (but consistently in last 4 quarters). If they repeat this growth and progression it can be valued at 2.5x (1250 cr) otherwise 2x (1000 cr)
| Subscribe To Our Free Newsletter |
