Checkout website of Kody Technolabs KodyTechnolab. It’s another listed company and mind blowing. If i was in the market for vendor for App development, i’d be calling Kody guys, however not vouching for the information they are sharing on their website, but their website is a straight sixer.
Now coming back to KSolves, in my opinion (if financials are right) then it is a great business for it’s promoters. But the work being done by KSolves might be average at best. You can call them commodity software development company, which should not have such high PE.
The technology stack they are working on has intense competition in the market, anyone can learn these tools in 06 months and earn average salary, so they really need high quality talent which can do good work in web Development and such.
To attract and retain talent, they should be handing out ESOPS, higher salaries and invest in their technical learning, which company is happy doling out all the cash as dividend. It’s as they consider their employees as commodity, which can be replaced with lesser cost.
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