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.
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.
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:-
Risk:-
Disc : Invested
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.
Dear Nishant,
When I buy into any company, I am buying a small part of ownership.
I apply the following filter when I buy:
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.
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.
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
A very basic question regarding Return on Capital Employed…. using the standard accounting definition of ROCE = EBIT/(Total Assets – Current Liabilities) I tried to compute the ROCE for Asian Paints (consolidated statement) as follows:
EBIT = 2104 (EBT) + 34 (Finance Cost) = 2138
Total Asset – CL = 8912.48 – 3517 = 5395
and therefore RoCE = 2138/5395 = 39.6%
But Screener shows RoCE for Asian Paints as 60% (screenshot attached)
Can any one help me in understanding the difference in computation between my computed figures and that present on Screener, or help identify where I am going wrong….
TIA
Can you please add more details on OEM deals ? There is no news from company on this. Also, does Patels sell Air Conditioners under its own brand we well ? What is it called ?
Company used to report order book sizes, but it stopped in the recent quarters. But, theres nothing to worry as I have learnt the order book is growing gradually and easily gives visibility for next 1 year.
@hitesh2710, @basumallick you still track this stock ? Any updates will be helpful for us.
@Arun, we aren’t comparing service providers products all we are exchanging the information how to go about with PIS account irrespective of providers..we want to continue our investing without any hassles.
