Well, Erosion is in Book value per share. It depends on what Px BV multiple that the Equity is raised. If they are raising at current levels, then it no good.
Posts tagged Value Pickr
Mudit’s Portfolio (Stage Analysis + Relative Strength) (29-05-2024)
Yesterday many pharma companies outperformed Nifty 500 index
GlaxoSmithKline by 5.6%
Glen Pharma by 3.64%
Divis labs by 3.22%
Syngene inten by 2.98%
Eris lifesciences by 2.14%
Aurobindo by 2%
Seems tide is changing for pharma sector, slowly
When entire pharma sector is down, Aurobindo pharma has given 110% returns in last 1 year and sales and Eps has been very good in last 4 quarters…As per my sense, if pharma starts running, Aurobindo will be a leader among them.
Gokaldas exports — cup and handle/rising channel (29-05-2024)
Looks like acquisition numbers are playing out. Demand and Stable Cotton price will determine how synergy numbers Come out.
Mudit’s Portfolio (Stage Analysis + Relative Strength) (29-05-2024)
@Lakshmi_Narasimhan_B Are you not worried about Hindustan Zinc? Shady promoter and hardly 5% freefloat after promoter+Govt holding? Its going like rocket…isnt it scary?
IDFC First Bank Limited (29-05-2024)
If I remember correctly, in the past, they would get the board’s approval for equity dilution very much ahead of time. I expect the fundraising to happen towards the end of the FY unless there is an urgent need for capital.
Opportunities in Holding Companies (29-05-2024)
The value per share now stands at 33,000. But the current price is stagnant and available at a discount of 85%. I think the operators are playing a game here and continuously suppressing the market price.
Protean EGov Technologies Ltd – A Play on the ONDC, Digital Policies (29-05-2024)
Pls update on ONDC prospects for Protean.
Protean EGov Technologies Ltd – A Play on the ONDC, Digital Policies (28-05-2024)
Q4 Concall Updates
Business Overview:
- Protean eGov Technologies Limited is a pioneer in building digital public infrastructure for over 28 years.
- They have been a market leader in various sectors like e-governance, digital identity, and open digital ecosystems.
- The company’s business is classified into four pillars: e-governance platforms, digital identity, open digital ecosystems, and enterprise digitization.
- Sees themselves in a sweet spot due to the continued momentum in the Digital India story.
- Core businesses have strong growth prospects and plenty of room for growth.
- New lines of business like data stack, open digital ecosystems, cloud, and cybersecurity are being developed to complement and strengthen the existing business.
Financial Performance FY24:
- Revenues grew by 19%, led by double-digit growth across all four business verticals.
- Tax services business grew by 12% year-on-year.
- PAN card issuance crossed 5 crores compared to 4.1 crores in the previous year.
- Pension services reported a 14% growth with more than 1.37 crore accounts opened.
- Identity services showed a staggering 62% growth driven by rapid adoption of digital payments and increasing penetration of digital processing.
- Profit after tax was INR 97 crore, down 9% year-on-year due to investments in new business verticals and provisioning for sovereign debt.
- Consolidated revenue from operations stood at INR 882 crore, growing by 19% year-on-year.
- Adjusted EBITDA was INR 196 crore, reflecting 11% growth year-on-year.
- Balance sheet position remains strong with cash and cash equivalents of over INR 700 crore.
- Actively seeking inorganic growth opportunities to maximize returns to shareholders.
New Business Verticals and Developments:
- The company expanded into agri and education & skilling sectors under open digital ecosystems.
- Introduced core agri-stack and open network for education and skill transformation.
- Launched RISE with Protean, a multi-sector API marketplace, and an AI-powered cKYC solution.
- Engaged with multiple countries in Africa and Southeast Asia for international expansion.
- Developing new lines of business such as data stack, open digital ecosystems, cloud, and cybersecurity.
- Strong focus on the Digital India story and leveraging the India DPI framework for global opportunities.
Market Opportunities:
- Global markets are showing interest in the India DPI story.
- Interest in the India DPI framework by other countries to build their own DPIs.
Outlook:
- Looking forward to a good FY’25.
- Positive trend in all areas of the business.
Challenges and Risks:
- Provisioning for sovereign debt impacting profitability, but expected to recover over the next two years.
- Investments in new business verticals impacting margins in the short term, with a payback period of 18-24 months.
- No specific challenges or headwinds mentioned by the management.
- No mention of potential risks or concerns during the conference call.
Future Growth Expectations:
- Optimistic about future growth opportunities in digital India and pioneering transformative technology at a population scale.
- Expecting significant growth in revenues from new business verticals, international expansion, and cloud services.
Nazara Technologies (28-05-2024)
Clearly in quarterly view even after three acquisitions for the year FY2024. Games and adtech revnue lagged behind. When esports did well.
In yearly view clearly we are seeing revenue drop in adtech. But gaming is almost the same.
Increasing the stakes in Next wave media private limited and new proposed acquition of pixode games limited. I hope to see a inorganic growth in gaming in the next year.
With addition kofluence. Since its paid with nazara equity shares. I am doubtful if it reflects in inorganic growth for adtech.
With cash equivalents of ~1000 crores. Only inorganic Growth can be seen ?
When bigger banks grow by 16% in revenue without any acquitions. Is gaming industry and adtech experiencing slow down ? Why organic growth is missing?