Sonata Software Research Report By Hem Securities

Tagged: Hem Securities, Sonata Software

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October 13, 2014 at 7:37 am #1046

Vidhi Khanna
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With improving operating metrics, restructuring process paying off, healthy balance sheet, large deal wins and improving margin profile; Sonata Software Ltd. growth prospects and profitability looks optimistic. We believe the company is trading at an attractive valuation at 11.88x and 8.94x of FY15EPS of Rs.10.70 and FY16EPS of Rs.14.22. We initiate a ‘BUY’ on the stock with a target price of Rs.175 (appreciation of about 37%) with the medium to long term investment horizon.

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