My personal view. It’s a great company at current price level. It has the presence of operating leverage – Check the increase in revenue vis a vis increase in expense.
It has presence of fixed cost elements-like cloud hosting charge – which is constant (c. inr 2.5 Cr per annum) .
No doubt – results are subdued , but I personally think market has over reacted.
Trap is high valuation – optically it looks cheap, but it is not. Last year they have recognised Deffered Tax Asset of 23 Cr . Which resulted in high level of profit. ( refer note 8 of the annual report)
Disc – I am invested.
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