Vikas, Any research around All-E tech? I know this was covered recently in IAS2020 but I didn’t subscribe to it.
I spent some time studying it but at surface I couldn’t find any moat that any run of the mill IT companies doesn’t have. My back of the envelope assessment of IT service companies goes like this. Calculate revenue per employee and see how they fair in comparison.
For All-E tech, 2023 revenue is 88 Cr for 331 employees (as per AR). This comes to 26 lakhs per employee. This is no different than others. In fact it is less than lot many mid size IT companies.
So why?
| Subscribe To Our Free Newsletter |
