Blog

ITI LTD – DEVELOPMENT’S

Good news…. ITI doesn’t have to  pay interest to govt for money received.  Instead company will issue shares to govt….thus ITI will have more money for more production…results expected to be good since FPO planned.

Screenshot_20170913_083959

  • BSNL, Coriant team up for industrial 5G applications. ITI Ltd Palakkad is carrying out the supply, Installation, testing and commissioning of Managed Leased Lines Network Equipment ( MLLN ) for expanding the existing BSNL network.
  • State-owned telecom firm BSNL will set up 1 lakh wi-fi spots across India by March 2019, Chairman and Managing Director Anupam Shrivastava said today.  
  • “We have plans to set up  1 lakh wi-fi by March 2019, which include 25,000 for rural areas. The USOF (Universal Service Obligation Fund) will provide financial support for rural wi-fi hotspots,” Shrivastava told reporters on the sidelines of launching a GST application for BSNL customers. 
  • ITI Ltd., has floated a tender for appointing a Technology Provider who shall be ready to meet the BSNL tender conditions with respect to all activities like Supply, Installation, Commissioning, Operation and Maintenance of 25000 Public Wi-fi hotspots at BSNL‘s rural Telephone Exchanges on turnkey basis. ITI Ltd  will also be doing the same exercise for the rest of the 75000 wifi hotspots.

 

Advertisements

JOIN DK TECHNICAL ANALYSIS TELEGRAM CHANNEL

Hi Folks. Please download TELEGRAM from google play store/App store and use this link http://t.me/DKTECHNICALS to join our Telegram Channel.

http://t.me/DKTECHNICALS

💰Hi folks, Join us and become a Money Farmer by  trading & investing in EQUITIES🇮🇳

✡Free technical analysis, technofunda picks & other important stock market updates.

✡We have delivered many multibaggers stocks and have loads to come🚀💰

9⃣2⃣0⃣0⃣ ++ Telegram followers.

Join DKTECKNICALS

http://t.me/DKTECHNICALS

📈🗝✅🚀💰😊🍎🙏

http://t.me/DKTECHNICALS

Regards & Thanks

 

 

Multibagger & Technical Pick: ITI LTD Indian Telephone Industries Limited

iti-limited-squarelogo-1426682436712

CMP : ₹ 90.20

Target : ₹ 450 (time frame 2 years).

Type : PSU.

Founded : 1948.

Sector : Telecom

Industry : Telecommunications Equipment & Services.

Headquarters : Bangalore, India

Number of Employees Total : 3951

R & D Centers : Bangalore, Naini & Mankapur.

Quality System :  ISO 9001:2000 & ISO 14001 :2004.

Total Market CAP  : 5,068.00 Cr

Website : www.itiltd-india.com

Key person : Gopu, Chairman & Managing Director.

Company Profile : ITI Ltd is in the Telecom sector and is a state-owned telecommunications equipment manufacturer. India’s first Public Sector Unit (PSU) – ITI Ltd was established in 1948. Ever since, as a pioneering venture in the field of telecommunications, it has contributed to 50% of the present national telecom network. With state-of-the-art manufacturing facilities spread across six locations and a countrywide network of marketing/service outlets, the company offers a complete range of telecom products and total solutions covering the whole spectrum of Switching, Transmission, Access and Subscriber Premises equipment. Multi-locational state-of-the-art electronic assembly & component manufacturing facilities accredited with ISO 9001:2000. Multi-locational ISO 14001 :2004 Environmental Management System certified plants First Indian company to manufacture BTS & other infra products for GSM / WiMAX. Countrywide marketing and customer care centers.

In-house R&D for absorption of technology, indigenous development of products for in-house manufacturing.

ITI joined the league of world class vendors of Global System for Mobile (GSM) technology with the inauguration of mobile equipment manufacturing facilities at its Mankapur and Rae Bareli Plants in 2005-06. This ushered in a new era of indigenous mobile equipment production in the country. These two facilities supply more than nine million lines per annum to both domestic as well as export markets.

The company is consolidating its diversification into Information and Communication Technology (ICT) to hone its competitive edge in the convergence market by deploying its rich telecom expertise and vast infrastructure. Network Management Systems, Encryption and Networking Solutions for Internet Connectivity are some of the major initiatives taken by the company.

Secure communications is the company’s forte with a proven record of engineering strategic communication networks for India’s Defence forces. Extensive in-house R&D work is devoted towards specialized areas of Encryption, NMS, IT and Access products to provide complete customized solutions to various customers.

History :

YEAR EVENTS 1950 – The Company was Incorporated as a private limited company on 25th January, at Bangalore. The Company was the first public sector undertaking started in 1948 by the Government of India after independence. The Company became a public limited company on 23rd November, 1985. The main objects is to design, manufacture and supply telecommunication equipment such as telephone instruments, electromechanical exchanges, transmission systems, electronic exchanges and ground stations for satellite communications.

– The Company has its own R&D division to play its role in technology innovation, upgradation and adaptation. Advanced facilities and infrastructure were established for research and product development.

– It was proposed to be met by floating bonds to the public, funds in the form of budgetary support from Government and internal accruals.

1979 – 90,064 shares allotted without payment in cash. Out of the total shares issued, 31,250 shares were held by Karnataka Government and 14,68,750 shares were held by Govt. of India.

1982 – 15,00,000 shares issued to Government of India.

1983 – 17,00,000 shares issued to Government of India.

1984 – 23,00,000 shares issued to Government of India.

1985 – 18,00,000 shares issued to Government of India.

1987 – Under the `B’ Series issue 11,89,966-10% tax free non-convertible bonds of Rs 1000 each and 10,60,034-14% non-convertible bonds of Rs 1000 each were issued for public subscription. 7,93,230-13% non-convertible bonds of Rs 100 each were privately placed bonds with 10% interest rates (tax free) are redeemable after 10 years while the other bonds are redeemable after 7 years from the date of allotment.

1992 – The OCB 283/CSN project in technical collaboration with M/s. ALCATEL was taken up at Mankapur, Bangalore and Palakhad units.

– The Company has a production capacity to manufacture exchange equipments based on C-DOT technology totally 750 KL at E.C. Plant Rae Bareli and at Bangalore.

– The Micro Electronics Division has the facilities to manufacture Think film, thick film, VLSI packaging, VLSI processing, ASK Testing and Mask Centre (E-Beam).

1993 – The Company proposed to enter into a joint venture with NKT of Denmark for optical fibre using Synchromous Digital Hierarchy (SDH) equipment with Korea Telecom and Korea Mobile Telecom for Radio Paging Services.

1994 – A joint venture Company called FIBCOM India Ltd. was set up with M/s. NKT Electronik A/S. Denmark and M/s. Industrialization Fund for developing countries.

– 9,81,310 No. of equity shares offered for sale were taken up at a price of Rs 59 per share by the employees of ITI.

1995 – ITI designed and developed PABX Exchange (MPABX-1000) at Mankapur plant, for provision upto 850 lines for operation. One Exchange was installed at Dehradun and others were under installation.

– The Army Static Switched Communication Network (ASCON) was designed, developed, manufactured and installed by the Company.

– New products inducted during the year are Digital Power Gain System (EK ANCH), 11 GHZ Digital Microwave Equipment, Display Telephone Instrument & HDSL.

– The Company proposed to offer new products viz. Transmission and subscriber end equipments, wireless loop, digital loom carrier besides HDSL equipment.

– ITI Equatorial Satcom Ltd. changed its name to M/s. India Satcom Ltd.

1996 – The Company entered into VSAT/MRTS Services. Also OCB 283/CSN projects were being implemented in the three manufacturing plants of ITI viz. Palakhad, Bangalore and Mankapur.

– The Company undertook to install three manufacturing plants viz. Palakhad (1000 KLOCB 283), Bangalore (1500 KL CSN) and Mankapur (500 KL CSN).

– The 16 KL main exchange was installed at Indranagar and 14 KL RSU installed at various location viz., whitefield Ulsoor, K.R. Puram etc. of Bangalore.

– New products such as ARMY VSAT, 8 Mb OLTE, Transportable Satellite Terminals were inducted and new technology for 6 GHZ M/W equipment was introduced. The Mankapur plant developed a New Power for recovery of core for rejected transformers.

– The Company proposed to offer new products covering switching access products, transmission and subscribed end equipments. Some of the products to be introduced include wireless local loop, digital loop carrier besides fairgain and HDSL equipment.

– ITI Equatorial Satcom Ltd. and Singapore Styled ITI Communication Pvt Ltd. are joint ventures of the Company.

1997 – During March 15% Government Guaranteed Redeemable Bonds `C’ Series of Rs 1,00,000 each issued aggregating Rs 2,785 lakhs. These are redeemable at par in March 2002.

– The Indian Telephone Industries (ITI), Bangalore plant, which has been going through a rough patch for some time, finally seems to be coming out of the woods, as they bagged the International Quality Management System Standard ISO-9002 for its new products division.

– Qualcomm Inc, the pioneer of CDMA (code division multiple access) technology for wireless communications, has entered into a strategic alliance with Indian Telephone Industries (ITI).

– ITI Limited has entered into a 76.24 joint venture with the US-based company Celcore. ITI under this marketing joint venture will produce cellular equipment for niche market.

– Celcore Inc of the US and ITI Ltd. have signed a joint venture agreement to market, sell and service global system for mobile (GSM) cellular systems.

– Indian Telephones Industries (ITI) Ltd. has entered the public mobile radio trunked service area – a two-way wireless communication system – with its formal lunching at Madurai in Tamil Nadu. ITI became the first public sector company to introduce such high-tech facility.

– Indian Telephone Industries Ltd (ITI), a public sector unit, is teaming up with Telecom Consultancy of India Ltd (TCIL) to undertake communication projects on turnkey basis and provide consultancy services to the railway, powerful oil sectors.

– The public sector Indian Telephone Industries Ltd. (ITI) will utilise prime land in its possession to setup technology parks.

– Three public sector undertakings (PSUs) – Mahanagar Telephone Nigam Ltd (MTNL), Indian Telephone Industries (ITI) and Telecom Consultants India Ltd – are likely to join hands to form a joint venture company to directly compete with private operators in the field of basic and cellular services.

– ITI proposes to set up two wholly owned subsidiaries for taking up exclusive operation of VSAT and MRTS.

– The company was set to sign an agreement with a foreign firm for a joint venture, on the lines of the Singapore Technology Park.

1998 – ITI Ltd, the country’s largest telecom company has won IMM award for excellence as “Marketing Company in the Organised Sector” for the year 1998. The award comprising of gold, silver trophy and a certificate of merit.

– ITI Limited will soon introduce the automated system technology for payment of bills and for coin change machines.

– Indian Telephone Industries (ITI) and its joint venture concern are set to bag a substantial portion of the Rs. 118-crore tender for synchronous digital hierarchy (SDH) equipment which was opened recently by the Department of Telecommunications (DoT).

– ITI Ltd, has set up very large scale integration (VLSI) fabrication unit to manufacture highly critical integrated circuits (chips) with an investment of Rs 153 crore, at its Bangalore plant.

1999 – CMC Limited signed an agreement with ITI Limited to implement an Enterprise Resource Planning software at the companies facility at Mankapur in Gonda district.

– ITI Ltd. has entered into a fresh agreement with Alcatel and has renewed its tow decade old agreement to further strengthen technological co-operations.

– The Indian telecom giant ITI Ltd, the first public sector unit to be set up after Independence, has charted out a strategy to portray itself as a dynamic organisation concentrating more on marketing activities along with a special focus on the export markets.

– ITI Ltd. is likely to be shortlisted for setting up the earth station at the proposed software technology park (STP) in Hubli.

– The Company signed an MoU with the DoT for its turnover of Rs 2,000 crore for the year 2000-2001.

2000 – The Company has commissioned the state-of-the-art V-SAT network designed and produced by it for the army as a move towards modernising the communication network of the defense force.

– Bangalore-based telecom major ITI has been awarded the Prime Minister’s MOU award for excellence for the year 1998-99.

– Compaq India and ITI Ltd have signed an MoU to leverage each others expertise to deliver soluions for businesses where there is an increasing convergence of telecom and IT.

– Ms Lakshmi G Menon has taken over as the chairman and managing director of ITI, India’s largest telecom equipment manufacturer.

2001 – Mr Vijoy Kumar, Deputy Director General, has been appointed as part-time official director of the company effective from 2nd March in place of Mr Rajeev Agrawal. U D Paradkar retires from Directorship of ITI Ltd

– ITI Ltd has informed BSE that Shri U.D.Paradkar, Director – Bangalore Plant of the Company has retired from the services of the Company on December 31, 2001.

2002

-Mr U D Paradkar retires from the services of the company as the Director.

-Board approves the proposal for amendment to MOA of ITI Ltd for enhancement of Authorised share capital from Rs.100crs to Rs.250 crs by issue of preference shares under private placement.

-Ties up with Texas to develop IP Phones.

-Mr Pankaj Agarwal appointed as the Director on the Board of the company.

-Mr S K Manocha appointed as the Chairman and MD of ITI Ltd.

-Push button Phone of ITI receives Approved Inspection Scheme (AIS) certification.

-Comes out with Carrier class MPLS and MPLS-VPN (Multiprotocol Lable switching based virtual private network) solution to end customers.

-Appoints Mr J K Verma as the Director on the Board.

-Designs and Develops the first ever indigenious Web-enabled Smart Connect Call Centre.

-Forays into the International Long Distance segment.

2003

-Signs MoU with Shenzhen-Zhongxing Telecom Ltd for setting up infrastructure for Code Division Multiple Access network in India.

-Shri Vijoy Kumar takes charge as the Chairman and MD of the company.

-Unveils India’s first Security Software Product E-Seal (Electronic Secure Encryption authentication Lock).

-Shri Y K Pandey assumes charge as the CMD of the company from May 6th.

-MTNL,BSNL , ITI Ltd and TCIL drop their plan to provide International Long Distance Services

-Mr S K Manocha relinquishes the Directorship on the Board of ITI.

-Declares itself sick under the Sick Industrial Companies Act following the erosion of more than 50% of its networth.

-Fibcom India Ltd, a joint venture between ITI and Tellabs receives the award for Excellence in Professional Electronics for 2001-2002 from Ministry of Communication and Information Technology.

-Emerges as the top telecom turnkey services company in the country.

-Board approves for the issue of L series of bonds of Rs.940 million on private placement basis with government of India Guarantee.

-ITI Ltd. declared itself sick under the provisions of Sick Industrial Companies (Special Provisions) Act, 1985, following the erosion of more than 50% of its networth.

2004

-ITI forges alliance with Chinese firm to manufacture CDMA handsets

-ITI enquires on MTNL pact with Huawei

-ITI Ltd, Palakkad, gets Cochin Shipyard Rolling Trophy for industrial safety instituted by National Safety Council, Kerala Chapter, in the engineering industries sector.

-Signs MoU with Alcatel aimed at establishing long-term cooperation for digital subscriber line (DSL) deployment in the Indian market.

– Indian Telephone Industries ties up with France based Alcatel for supply and installation of Bharat Sanchar Nigam’s (BSNL) GSM network in the western region of India.

-Tejas Networks India Ltd, a telecom products company, has signed a five-year technical collaboration agreement with ITI Ltd for its TJ100 series of next-generation Synchronous Digital Hierarchy (SDH) products.

2005

– Registered Office of the Company has been shifted from 45/1, Magrath Road, Bangalore – 560025 To ITI Bhavan, Doorvaninagar, Bangalore – 560016.

2006

-ITI Ltd – Wins Top Telecom Turnkey Company Award -ITI Ltd has appointed Shri Ravi Agarwal, GM-GSM, of the Company as Director-Production on the Board of the Company with effect from October 31, 2006.

-Iti Ltd. has informed that Shri K. T. Mayuranathan, has assumed charge to the post of Company Secretary of the Company with effect from November 20, 2006, in place of Shri K. Ramaswamy, Company Secretary, who had earlier resigned.

-ITI Ltd has informed that Shri. Y K Pandey, Chairman & Managing Director of the Company on Earned Leave from November 01, 2006 to January 31, 2007 (both days inclusive). Shri. Pritam Singh, Director-Marketing, has been appointed as In-Charge Chairman and Managing Director, as conveyed vide DOT letter dated November 03, 2006.

-ITI Ltd. has informed that Shri R. Bandyopadhyay, Addl Secretary (T), Department of Telecommunication, New Delhi and Shri P.K. Tiwari, Director (R&P), Department of Telecommunication, New Delhi have been appointed as part-time Official Directors on the Board of ITI Limited, in place of Shri Pankaj Agrawala, JS, DIT and Shri N. P. Singh, DDG (IP) , DoT respectively.

2007

-ITI Ltd has informed that in pursuance of DoT letter dated August 23, 2007, Shri. S K Chatterjee, Director-HR, of the Company has assumed the charge as Chairman & Managing Director (CMD) on the Board of the Company w.e.f. August 24, 2007 (Forenoon).

2008

-ITI Ltd has informed that Shri. B P Gupta has been appointed as Director-Finance of the Company by the Government of India vide Ministry of Communications and IT letter dated December 31, 2007.

-ITI Ltd. has informed that “Shri K.K. Khurana has been appointed as Director-HR of ITI Limited by the Government of India vide Ministry of Communications and IT letter No. 4-7/2007-Fac-II dated 04.04.2008. He has assumed office on 04.04.2008.”

-ITI Ltd has informed that BIFR vide letter dated March 25, 2008 appointed Shri. C K Koshy as Special Director on the Board of Director of the Company u/s 16(4) of the Sick Industrial Companies (Special Provisions) Act, 1985.

2009

– “ITI notches-up highest turn over in seven years”.

2010

– K. L. Dhingra has been appointed as Chairman and Managing Director.

2011

– Shri Ravi Khandelwal has been appointed as Director-Finance of ITI Limited.

– Shri. N K Srivastava, Sr. DDG (TEC). Department of Telecommunications as Government Director on the Board of the Company.

2012

– Lt. Gen S. P. Kochhar, AVSM, SM, VSM, Signal Officer in-charge, Ministry of Defence and Shri N. K. Joshi, DDG (SU), Department of Telecommunication, New Delhi have been appointed as Government Directors on the Board of ITI Limited.

2013

-ITI Bags National Safety Awards from Ministry of Labour & Employment. -ITI signs MoU with TSSC for special focus on Skill Development in the Telecom Industry.

2014 -ITI signs MoU with Department of Telecommunications. -ITI bags largest Non-RQ order for NFS. -An MoU was signed between M/s. ITI and M/s. HAL for exploring mutually beneficial business opportunities in the manufacturing and service domains.

2015 – ITI Limited celebrated Vigilance Awareness Week – ITI Limited gets “Certificate of Excellence Award -ITI signed MoU with HAL

2016 – Cabinet approves procurement quota to ITI Ltd

Business Standard – Jun 1, 2016

According to the Reservation Quota policy, 30 per cent of the procurement orders placed by BSNL, MTNL and BBNL will be reserved for ITI Ltd for the products manufactured by it and for those outsourced items in which there will be a minimum 5 per cent .

CCEA approves transfer of shares from ITI to SNI Fund

Jul 13  2016

2017 – State-run ITI clocks Rs 1621 crore turnover.

June 2017 :

ITI Limited, country’s premier telecom company, announced the financial results for the year 2016-17 with a profit of Rs 305 crores.

The Board of Directors of the company approved the results for the quarter ended March 31, 2017 and the audited results for the full year ended March 31, 2017 at their meeting held in Delhi.

Company’s total income for the year ended March 31, 2017 was 1,903 crores up from 1,674 crores for the year ended March 31, 2016. Net profit for the period before tax (after exceptional and/or extraordinary items) increased by 21% to Rs 305 crores for the year ended March 31, 2017 as against 251 crores for the previous year.

TAG-ITI Mobile Wallet : TAG-ITI is a Mobile Wallet offering from ITI, the first PSU of independent India under the Ministry of Communications & IT, Govt. of India, to provide “Secure Cashless Payment Services”, as per the DIGITAL INDIA initiative from the Govt. of India. We have the license to offer this solution to various customers from M/s Transaction Analysts (TA) who is our Technology Partner, and an RBI licensed Payment Systems Operator, UIDAI licensed AUA operator and Certification Agency for National Payment Corporation of India.

Install and start using :

1. Download TAG-ITI WALLET from Google play store in your android smart phone.

2. Open the application and register your mobile number and password.

3. After entering all details for registration form, the user will be logged into application & the welcome page  appears.

4. Once logged in, user need to validate the EMAIL by entering the OTP received in the Email.

5. On the TOP-Left Corner of the screen you can see your profile.

Unique advantages of TAG-ITI :

Complete Usability covering feature phone users.

OTP based “Pull Money” can be initiated by Merchant for feature phone users.

Feature phone users upon request, can get upgraded to “Smart”.

Customer can request for upgrade to “Agent /Merchant” wallet.

Wallet based Aadhaar mobile update services.

Wallet based Aadhaar cash disbursement services.

Wallet upgrade to Full KYC supported.

ITI Call Center support.

RESOURCES : Dedicated Network Systems Unit (Bangalore, New Delhi, Kolkata, Bhopal, Ambala) . State-of-the-art Manufacturing Plants (Bangalore, Mankapur, Rae Bareli, Naini, Palakkad, Srinagar) . R&D Centre.

PRODUCTS : Cellular Mobile Infrastructule-GSM, WLL-CDMA Switching-OCB-283, ISDN EPABX, IP-TAX, SSTP . Transmission- Satellite, Optical, Microwave, VHF /UHF . Broadband Equipment-ADSL, WiMAX, G-PON, EDWAS . Customer Premises Equipment-IFWT, ADSL Modem, CLI Phones . GSM-FCT (Fixed Cellular Telephone),; WiMAX CPE.

SERVICES : Systems Integration – Telecom, IT . Shared Hub V -SAT Services . Customer Care Service . Installation & Commissioning of Telecom Eqpt like GSM, CDMA, MLLN, Microwave, Optical Fibre, etc. . Pre-warranty & Post-warranty maintenance services for all Products/Projects . Services for all products/projects : . Enterprise businesses like Data Centers etc

Why ITI LTD :

* ITI is committed to the “Make in India” & “Skill India” initiatives of Government of India.

*  With the support of Government of India, ITI has upgraded the electronics manufacturing infrastructure to supplement indigenous manufacturing. ITI also plans to explore business opportunities in the IoT, e-Governance, ICT areas in addition to telecommunication, defense projects and also GSM initiative of the Northeast from BSNL.

* Telecom pioneer in India Contributed 50% to the existing national telecom network.

* High impact turnkey specialist.

* Dependable Integrated Logistics Support (ILS).

* Strong in-house R&D.

* ITI Ltd, country’s premier telecom company, announced the financial results for the year 2016-17 with a profit of Rs 305 crores. Company’s total income for the year ended March 31, 2017 was 1,903 crores up from 1,674 crores for the year ended March 31, 2016. Net profit for the period before tax (after exceptional and/or extraordinary items) increased by 21% to Rs 305 crores for the year ended March 31, 2017 as against 251 crores for the previous year.

* As on date ITI has order book of Rs. 1600 Cr. Further, ITI’s loses have drastically come down to 56 crores in 2016-17 from 247 crores in 2015-16 without any government grants which is an incomparable organizational achievement for the company.

* Highlighting the company’s achievement for the year 2016-17, S Gopu, Chairman & Managing Director, ITI Limited said, “I am delighted with the company’s financial performance along with the strategic initiatives the company has taken in last one year. This will allow us to continue to drive strong revenue growth and improved profitability in the coming years.”

* The Board has approved the further issue of equity shares through follow on public offer subject to necessary approvals from the statutory authorities and shareholders for meeting SEBI’s 25% minimum public shareholding compliance requirement and also to meet internal working capital requirement.

* Recently ITI has bagged various orders through competitive bidding including orders from  BBNL,  BSNL  and RailTel  for  supply  of  GPON  equipment  for Government of India’s flagship project “BharatNet”,  which is  providing  broadband  facility  to over  2.5  lacs Village  Panchayats  in India. ITI is committed to the Prime Minister’s vision of “Swatch Bharath”.

* This performance is an indication of the company treading on the path of Revival and we are setting much bigger targets to achieve better results in the coming years,” S Gopu, Chairman and Managing Director, ITI said. Gopu said that the company contained losses by introducing prudent financial and austerity measures and due to diversification into new business areas.

* The union cabinet approved the Department of Telecommunications’s proposal for continuing reservation quota for ITI Limited in procurement Amade by BSNL, MTNL and Bharat Broadband Network Limited (BBNL). The nod was given by the Cabinet Committee on Economic Affairs (CCEA) in a meeting chaired by Prime Minister Narendra Modi. According to the Reservation Quota policy, 30 per cent of the procurement orders placed by BSNL, MTNL and BBNL will be reserved for ITI Ltd. “The policy measures shall remain in force for a period of two years,” it said. “Provision of reservation quota from BBNL will provide further boost to the order book of ITI and help in improving its financial health,” the statement said.

Promoter Shareholding : As per the shareholding pattern, the promoters i.e President of India holds 94.80% stake and Governor of Karnataka has 0.06%. In public shareholding, Special National Investment fund holds 1.53% in the company.

Technicals & Price Target :

852121531_260596The stock  made a 52 Week high of ₹ 118 on 28th April. Stock had  witness profit booking and stock moved back to rs 70 odd levels and was in consolidation mode for some time. We had shared chart in social media @ 69 to buy and it moved smartly till Rs 110.5 within couple of weeks. It has formed a excellent classical technical pattern as same which was formed in ITDC, V2 Retail, Asian Oilfield,etc to name a few picks shared earlier on the basis of the same pattern. We feel that the company is a good buy. This is more a technical pick. One can buy/accumulate & hold with patience for 2 years, for a ultimate target of ₹ 450 i.e return of 5 times from cmp.

DISCLOSURE: We are not holding this stock currently. However we may buy in the near future. The stock views expressed may be biased and for learning purposes, please do your own research before Investing or one may always consult his Financial Advisor Before Investing if any.

 

 

 

 

 

 

 

 

 

Turn Around & Multibagger Stock : Asian Oilfield Services Ltd

logo BVAsian-logo-9K-UKAS

SCRIP CODE : 530355

TARGET :  ₹ 400 ++ ( 1 to 2 years)

Stock Overview :

Sector : Crude oil

Industry : Oil Exploration

Current Price: ₹ 209.10 (BSE)

Market Cap.: ₹ 545.22 Cr.

Face Value: ₹ 10.00.

Listed only on BSE.

Website:http://asianoilfield.com/

Screenshot_20170430_024553

Screenshot_20170430_024625

Screenshot_20170430_025201  Screenshot_20170430_025116

Company Profile & History : Asian Oilfield Services Limited is an India-based oilfield services company. The Company specializes in a geophysical range of onshore seismic and drilling services, including acquisition, imaging and field evaluation. The Company’s segment is Seismic data acquisition and its related services. Its products and services also include directional drilling and drilling services, formation evaluation and well testing. The Company offers two dimensional (2D) and three dimensional (3D) seismic data acquisition, processing and interpretation, topographic survey, continuous core drilling for mineral and coal bed methane (CBM) exploration, wire-line logging and directional core drilling to target shallow horizons. The Company also provides specialized high technology services to oil and gas companies for targeted applications. The Company’s mineral exploration services include geophysical logging for mineral industry and integrated geological studies for mine planning and mineral exploitation.

Screenshot_20170430_024804

Screenshot_20170430_024844

Key Recent Developments :

* On 22nd November 2016 – company was taken over by Oilmax Energy Private Ltd & holding 57.81 % stake in the Company As of March 2017.

* On 27/12/2016 – company  approved Additional Issue Of 50 Lac Warrants To Promoter Oilmax Energy Pvt Ltd At  Rs 80/- Also Allotted 45 Lac Convertible Equity Warrants To Balram Chainrain  @ Rs 80/-.

* On December 27 2016 – about receipt of a binding Letter of Intent (LOI) for contract of approximately $57 million for providing O&M services for 3 years. The above contract of $95 million for a total period of 5 years (inclusive of client options) is for the same LOI. Asian Oilfield & Energy Services DMCC has also entered into an agreement to acquire 99.99 per cent shareholding of Ivorene Oil Services Nigeria (a company registered under Nigeria) to provide local support for this O&M contract.

* On 17th January 2017- company received letter of award of contract from Oil India for an estimated contract value of Rs 142.86 crore. In a BSE filing, the company said that that the order is for 2D Seismic data acquisition in Manipur (Area-1) from the unappraised areas of North East India.

* On 23rd February 2017 – company informed bourses that its wholly-owned subsidiary, Asian Oilfield & Energy Services DMCC, Dubai, has signed a contract for providing operations and maintenance services (O&M) for an offshore production unit operating at EBOK field offshore Nigeria. The total value of contract is about $95 million for a total period of 5 years.

* On 24th March 2017 – company announced that it has received a letter of award (LoA) of contract worth Rs 108.97 crore from ONGC. The Company in its filing to the bourses said that the LoA is for the 2D seismic data acquisition in unappraised on land areas of sedimentary basins of India for Sector 6 (Ganga), and the contract is worth Rs 108.97 crore.

* On 25th April 2017 – Asian Oilfield Services Limited has recently completed the mobilization of crew and equipment of two more contracts totalling Rs 111 Cr approximately. The excerpts of the contracts as per the company’s report filed at the BSE is as follows:

Name of the client, Location & Total approximate contract value :

* Oil India Limited, North Cachar Hills, Assam – Rs 63.75 Cr

* Bashneft International, BV Netherlands Myanmar- Rs 47.25 Cr

Why Asian Oilfield:

* ASIAN is a reservoir imaging company, offering a suite of geophysical services specializing in land and well seismic services.It’s mission is to help clients in the onshore Oil & Gas and Mining industries make quicker and more informed decisions on where to explore drill.

* ASIAN, during the past 2 decades has evolved and grown in an organic and progressive manner and is now headed by a dynamic Management Team. Now If We Look At Promoter Quality Its Is Extremely Good. Oilmax Energy Pvt Ltd Is Closely Held By 2 Individuals Mr Kapil Garg And Rabi Bistia. Mr Kapil Garg Has Been Managing Director At British Gas India Pvt Ltd Since 2007. Has very good experience In both upstream & downstream business. He Started his Carrier In Ongc & held various positions In Areas Of Operations Mr Garg Holds A Master’s Degree In Chemical Engineering From IIT,Roorkee. Mr Rabi Bistia is a reputed personality In the Hydrocarbon Industry. Dr Bistia contribution In exploring For hydrocarbon In deep water area of India Is commendable He Has Immensely Contributed In Major Hydrocarbon Discoveries Of 2002 In Krishna Godaveri Basin(KG BASIN). In The Recognition To His Outstanding Contribution In The Field Of Science Govt Of India Has Awarded Him Padma Shree Award.

* The portfolio of services include 2D and 3D seismic data acquisition, processing and interpretation, topographic survey, continuous core drilling for mineral and CBM exploration, wire-line logging and directional core drilling to target shallow horizons. In addition to the core services ASIAN also provides specialized high technology services to oil and gas companies for targeted applications.

* ASIAN employs 200 + personnel and during project execution period manages a workforce in excess of 1800 persons. ASIAN has executed projects in most parts of India and has a consistent track record of completing its projects in a wide range of terrains across the country. ASIAN has successfully executed projects in the North Eastern states of India where we have successfully overcome the challenges imposed by hostile terrain, social unrest and disturbances and security issues to spearhead the exploration efforts of oil and gas companies in this region.

* In addition to the oil and gas industry, ASIAN also serves the exploration needs of the Mineral and CBM industry, providing core-drilling services, wire-line logging services and production drilling services providing cutting edge solutions with state of the art equipment and technologies.

* Asian Oil Field With Change Of Guard And No Other Competitor Will Be Enjoying Monopoly And With Fresh Capital Coming In From The Proceed Of Issue Of Warrants Expect Working Of Company To Improve Considerably.

* It’s only competitor, Alphageo has bagged so many orders that for the next few years they Will Be operating at there full capacity & won’t be In a state to take new big orders. Now Asian Oilfields & Alphageo are only two companies into 2D And 3D Seismic Survey.

* Three factors that will lead to increased prosperity to Asian Oilfield, namely are :

1- bullish downstream prospects,

2 – dearth of listed seismic exploration players &

3 – hefty inflow of maintenance orders.

* Asian Oilfield, is engaged in short drilling  for ONGC & other private players, as evident from the financials company is witnessing a huge growth in the sales & soon would be a turnaround and report stellar results.

Screenshot_20170430_024118

Screenshot_20170430_025248

Screenshot_20170430_025326

Promoter Shareholding : As per the shareholding pattern, Oilmax Energy Private Ltd & holding 57.81 % stake In The company As of March 2017. In public shareholding, Mr Vaibhav Hari kanade & Mr Ajay Upadhyaya holds 4.80 % & 1.15 % respectively.

Technicals & Price Target :

IMG-20170430-WA0000The stock was recommended intially in Nov 16 @ rs 85 to buy if closes above rs 90. The stock made a 52 week high of rs 249.60. Cmp is rs 209.10.The stock has multiplied 2.72 times in last 4 months. Trading above all moving averages it has formed extremly bullish long term pattern. It was in a consolidation zone. It is showing signs of a fresh move and long term trend is very positive. The Ultimate target is rs 400+++. We are super bullish on this turnaround story. Good quater result expected and company will report profit. One can buy/ accumulate Asian oilfields at cmp for gains of upto 100  percent from cmp. Time frame : 1 to 2 years.

DISCLOSURE: We are not holding this stock currently. However we may buy in the near future. The stock views expressed may be biased and for learning purposes, please do your own research before Investing or one may always consult his Financial Advisor Before Investing if any.

http://t.me/DKTECHNICALS

BEST FREE CALLS AS PER TECHNICAL ANALYSIS : guidance of Demand and Supply momentum and updates of Stock market.

JOIN MY CHANNEL : http://t.me/DKTECHNICALS 🍎🍎🍎🙏🏼🙏🏼

 

 

Multibagger & Technical Pick: ITDC

Official_logo_India_Tourism_Development_CorporationThe India Tourism Development Corporation Limited (ITDC).

CMP : ₹ 467.

Target : ₹ 1490 (time frame 2 years).

Type : PSU.

Founded : 1966.

Headquarters :New Delhi, India.

Key people : Shri. Umang Narula I.A.S, Chairman & Managing Director.

Products: Ashok Group Hotels, Duty Free, Travel Solutions, Advertising Solutions,Engineering Consultancy, Education and Training, Event Management, Art Gallery.

Total Market CAP  : 4018.73 crores

Website: http://www.theashokgroup.com/index.php

Company Profile: The India Tourism Development Corporation Limited (ITDC) is an Hospitality, retail and Education company owned by Government of India, under Ministry of Tourism. Established in 1966, it owns over 17 properties under the Ashok Group of Hotels brand, across India.

India Tourism Development Corporation Limited operates hotels, and tours and travels. The Company’s segments include Hotel/Restaurants Operations; Duty Free Shops Operations; Travels & Tours Operations; ARMS & Misc. Operations; Construction, Consultancy & SEL Projects, and Others. It operates various divisions, including Hotels Division, Ashok Events Division, Ashok International Trade Division (AITD), Ashok Travels and Tours Division, Ashok Institute of Hospitality & Tourism Management, Ashok Consultancy & Engineering Services Division, and Sound & Light Show. The Hotels division includes hotels, such as Hotel Patliputra Ashok and Lalitha Mahal Palace Hotel. The Ashok Events Division manages events, conferences and exhibitions. The AITD division focuses on seaports. The Ashok Travels and Tours Division provides travel related services, such as air ticketing and tour packages. The Sound & Light Show Division provides consultancy Services related to sound and light shows.

Functions of ITDC: Since ITDC is a Corporation that oversees many functions related to the Hospitality Sector. In its multi- functional role, ITDC aims at running all its units efficiently and productively and with improved margins of profit.

  • As the mainstay of the Hospitality Industry in India, ITDC plays a pivotal role in the creation and advancement of tourist infrastructure in India.
  • ITDC is a large Corporation under the Tourism Department of Government of India and carries a large number of employees in its different sections at various levels of caliber and status.
  •  ITDC aims at achieving high levels of productivity from its personnel through superior education, stimulus, and Human Resource Development practices.
  • ITDC plays a vital role in getting together Government of each different State and its corresponding Tourism Development Corporation in planning and implementing new tourism-related projects, promotion of these projects, and training of required personnel. It is through the impetus created by ITDC that new tourism projects across the country are being developed.
  • A successful organization needs to have the correct ratio of man and work. ITDC works towards rationalizing size of the Human Resources so that the organization is trim and competent.
  • Shareholders who have put their trust in the organization should be adequately compensated by creating value for them.
  • Customers who are the backbone of any business venture should be provided with more than their money’s worth so that they are satisfied and return for more.
  • Construction of new hotels and other hospitality related units, management of the existing ones and take-over of those hotels, motels, resorts, lodges and restaurants that are not doing well but have potential is one of the primary functions of the Corporation.
  • All other activities that are related to tourist facilities and interests such as transportation, entertainment, shopping, facilities for conventions and meetings etc. come in the purview of the functions of the Corporation.
  • Publicity matter related to tourism is envisioned, designed, produced and distributed by the Corporation.
  • ITDC also takes up consultancy and management of tourism related projects in the country and overseas.
  • Official money-changing facility for tourists, viz. Full-Fledged-Money-Changers (FFMC) and restricted money changers are also the functions of the Corporation.
  • Keeping tourism as the centre of focus, the Corporation provides innovative and viable answers to problems related to the Tourism and Engineering Industry that include the whole gamut; visualization, planning, strategy and implementation of project or consultancy as need be. In keeping with defined functions related to Tourism, the Corporation runs hotels and restaurants all over the country and also provides transportation for tourists. The Corporation is also involved in production of publicity material related to tourism, entertainment of tourists, managing duty free shops and money-changing facilities for tourists. The Ashok Institute of Hospitality & Tourism Management under the aegis of the Corporation is one of the top Hotel Management Institutes in the country. Other new ventures include engineering related consultancy services etc.

Screenshot_20170416_094736

Facilities of ITDC: Tour packages, Booking, Ticketing, Transportation Under the ITDC division; Ashok Travels and Tours offers tour packages, hotel bookings of ITDC and other hotels in India and overseas. Special tourist packages for ITDC hotels including 16 hotels across the length and breadth of the country are also offered.

Why ITDC :

  • Most ITDC hotels are in prime locations in several cities.
  • India Tourism Development Corporation seeks shareholders’ nod for divesting stake in oundertakings and JV subsidiaries of the company. The state-run firm is looking to divest or offload its stake in all hotels run by it except Ashok and Samrat hotels in the national capital. .
  •  Company is focusing on all the Verticals of ITDC like Ashok Tours & Travels (ATT), Ashok Events (AE), Ashok International Trade Division (AITD), Ashok Institute of Hospitality and Tourism Management (AIHTM), Sound & Light Division (SEL), Ashok Consultancy & Engineering (ACE) to improve our overall performance and profitability across segments, while maintaining our core competence and social responsibility as a Public Sector.
  • Government’s increasing focus on Tourism & Hospitality industry.
  • Indian Tourism Development Corporation Ltd (ITDC) has set up a new joint venture (JV) with IL&FS to develop tourism infrastructure through the public-private partnership (PPP) mode in the country.The equal JV will be called Ashok Tourism Infrastructure Development (Ashok Infra) and intends to become a one-stop shop for providing expertise to develop tourism infrastructure in the country to various state governments and other entities.The JV will do a complete hand holding, visualisation and implementation of such projects through this joint venture.

Promoter Shareholding : As per the shareholding pattern, the promoters i.e President of India holds 87.03 % stake. In public shareholding, The Indian Hotels Company Ltd have 7.87 % stake. LIC is also invested and holds 3.52 % stake.

Technicals & Price Target :

IMG-20170212-WA0024The stock  made a 52 Week high of ₹ 494.70 on 11th April. Stock is trading above all averages. It has formed a excellent technical pattern and multi year break out. We recommend it @ ₹ 351 and the chart was shared in social media. The stock can witness levels of ₹ 590++ in short term. We feel that the company is a good buy. This is more a technical pick. One can buy/accumulate & hold with patience for 2 years, for a ultimate target of ₹ 1490 i.e return of 219% from cmp.

DISCLOSURE: We are not holding this stock currently. However we may buy in the near future. The stock views expressed may be biased and for learning purposes, please do your own research before Investing or one may always consult his Financial Advisor Before Investing if any.

http://t.me/DKTECHNICALS

BEST FREE CALLS AS PER TECHNICAL ANALYSIS : guidance of Demand and Supply momentum

and updates of Stock market

JOIN MY CHANNEL

http://t.me/DKTECHNICALS 🍎🍎🍎🙏🏼🙏🏼

MULTIBAGGER & VALUE PICK : CREST VENTURES LTD

c-ventures-hp-logo-01

Stock Overview :

Current Price: ₹ 198.50 (NSE)

Market Cap.: ₹ 522.66 Cr.

Book Value: ₹ 107.56

Stock P/E: 11.34

EPS : ₹ 17.50

Dividend Yield: 0.21%

Face Value: ₹ 10.00

Listed on BSE and NSE

Company Website : http://crest.co.in/

52 Week High/Low: ₹ 199.30/ ₹ 32.48

Volume :14,963

3 months Avg Volume : 34,031

Company Profile : Crest Ventures Limited, formerly Sharyans Resources Limited, is a non-banking financial company (NBFC). The Company is engaged in the acquisition of securities. The Company is also engaged in real estate and related activities. The Company’s segments include Broking and related activities, Real estate and related activities, Travel and related activities, Investing and financial activities, and Others. The Company’s primary business activities are broking on the National Commodities and Derivatives Exchange Limited, The Multi Commodity Exchange, The Bombay Stock Exchange Limited, The National Stock Exchange of India and Foreign Exchange Dealers Association of India, real estate development, investing in subsidiary companies, and travel and related services. The Company is also focused on asset and wealth management business. Its real estate projects include Palladium, Chennai; Club Crest, Chennai, and Crest Greens, Raipur.

Company History – Crest Ventures Ltd formely know as Sharyans Resources Ltd. (SRL) was incorporated on 16th October 1982 It was promoted to carry on the business of leasing, hire-purchase and investment in securities as its primary objectives. However, the Company since inception was carrying on the activity of trading in synthetic yarns and fabrics till March 1993.

In 1993 SRL commenced operations in trading in securities. SRL made its maiden Public Issue in February 1983 and the equity shares of the Company were listed on the Calcutta Stock Exchange. The Company subsequently made a Public Issue in December 1993 to finance its fund based activities. The shares of the company were subsequently listed at Bombay, Jaipur and Ahmedabad Stock Exchanges.

In the year 1994-95 the Company diversified its operations with emphasis on Real Estate Finance and Development, Project Management & Investment and Lease Finance.

PRESENT BUSINESS : Real Estate Finance and Development is a fund based activity. This involves purchase of property/development rights for residential and/or commercial purposes either solely or jointly in partnership with the Owners/builders/investors. The property is then developed in accordance with the approved plan from the statutory authorities viz., local municipal bodies etc. The developed property is then sold at various stages of completion in whole or in parts at the then prevailing market rates. The company also finances builders for their projects and charges interest according to type of construction and risk involved in the venture. These loans are sometimes secured by lien/option to purchase the property. The Company would be carrying on the business of Housing Finance and would be lending to Corporates for providing housing to its employees.

Project Management and Investments is also a fund based activity. Project Management involves identifying property for development/restructuring, syndicating all resources required for executing the project and finally making arrangements for sale/disposal of the same. All the above activities are done on behalf of the property owners. The Company does not enjoy any ownership rights on such property. The project may involve both residential and/or commercial properties. For the above services Company charges management fees in addition to cost of providing resources, if any, for the same. In the year 1994-95 the Company successfully managed a property development project at Worli, belonging to S. Kumars group. In this project the Company provided finance aggregating to Rs.210.00 lacs and syndicated additional funds to the extent of Rs.140.00 lacs, for restructuring and development.

The Company also invests in real estate and securities both for long term purposes as well as parking its funds for short term. In 1994-95, the Company earned a sum of Rs. 213.56 lacs through the above activities.The Company has also tied up three properties under this activity details of which are mentioned under the head Business Prospects and Profitability.’Besides real estate activities, the Company has also deployed Rs. 91.29 Lacs towards lease of plant and machinery and earned Rs.10.81 Lacs as Lease income in addition to tax benefits accruing from depreciation shelter. The assets have been leased to M/s. Pradeep Metals Ltd., Bombay. It is in the process of widening its client base for lease operations. The Company has been providing Corporate Advisory Services in the areas of Corporate Finance, Loan Syndication etc. In the year 1994-95, the Company earned a sum of Rs. 8.15 Lacs from this activity. SRL has promoted Oracle Stocks & Shares Ltd (OSSL). OSSL is a Trading Member of the National Stock Exchange (NSE) for both the Wholesale Debt Market and Capital Market Segment. OSSL was incorporated on 28th April, 1994, with SRL as a dominant shareholder. This has enabled SRL to have an access to dealing on the NSE for its Investment trading activity.

2005 -Sharyans Resources has given the Bonus in the Ratio of 1:2

2011 -Registered Office of the Company has been shifted To 4th Floor, Kalpataru Heritage,127, M. G. Road, Fort, Mumbai – 400 001.

2012 – Sharyans Resources has recommended dividend Rs. 0.50 per share (@ 5%) .

2013 – Sharyans Resources has recommended dividend Rs. 0.50 per share (@ 5%).

2014 -The Company Changed it’s name from Sharyans Resources Limited to “CREST VENTURES LIMITED”. -Crest Ventures has recommended dividend Rs. 0.50 per share (@ 5%).

2015 -Scheme of Amalgamation between ITI Capital Holdings Private Limited and ITI Securities Limited and Crest Ventures Limited.

2016 – Crest Ventures approves right issue. 86,84,775 equity shares were issued under right issues in October 2016. Also change in CFO.

2017 – Crest Ventures Limited (‘CVL’) entered into a Share Purchase Agreement (SPA) on March 31, 2017 for acquiring a stake of 50% held by Phoenix Mills Limited in Escort Developers Private Limited (‘EDPL’), its Associate Company at a total consideration of Rs. 3.30 Crores pursuant to which EDPL has become a wholly owned subsidiary of CVL w.e.f. March 31, 2017. Subsequent to the above acquisition, the equity holding of CVL has increased from 50% to 100%.

SUBSIDIARIES Why Crest :

*  Promoter holding has increased. General Insurance corporation and United India Insurance Ltd are invested in Crest.

*  Each subsidiary and company’s vertical are operated by seperate team. The operating businesses are carried out by group entities with independent management teams.

* Diversified across asset classes and geographies, the company operates mainly under three verticals: Real Estate, Financial Services, Investments and Credit.

* The company’s Financial services, investment and credit business has a great growth potential going forward.

* We Build… We Grow… We Create… We Synergise… : Crest story has just begun and there is a long way to go. The stock can be a multibagger and great compounder of wealth.

Shareholding Pattern : As per the shareholding pattern March 2017, the promoters hold around 64.99% stake in the company. Public shareholding includes 3.95 % by Orange Mauritius Investments Ltd. Hypnos Fund Ltd has 1.86 %. Another 1.29 % and 1.10 %  stake is held by General Insurance corporation and United India Insurance Ltd respectively.

FINANCIALS :

Screenshot_20170408_081648Screenshot_20170408_081545

Screenshot_20170408_081732  Screenshot_20170408_083005

Screenshot_20170408_082745

Screenshot_20170408_082909  Screenshot_20170408_083057

Screenshot_20170408_082636

Technicals & Price Target :

IMG-20170326-WA0014 The stock  made a 52 Week high of ₹ 199.30 on Friday 7th April 2017 NSE and closed @ ₹ 198.50. Stock is trading above all averages. When the stock closed above ₹ 129 it made a multi year break out. We recommend it @ ₹ 182 and the chart was shared in social media. The stock is thinly traded as of now that makes it volatile. The stock can witness levels of ₹ 250 in short term. We feel that the company is a good value buy. One can buy/accumulate & hold with patience for 1 to 2 years, for a ultimate target of ₹ 415 i.e return of 109% from cmp.

DISCLOSURE: We are not holding this stock currently. However we may buy in the near future. The stock views expressed may be biased and for learning purposes, please do your own research before Investing or one may always consult his Financial Advisor Before Investing if any.

For FREE  Best calls on TECHNICAL ANALYSIS, best guidance of Demand and supply momentum.our telegram channel

https://t.me/DKTECHNICALS

Value Pick : Sankhya Infotech – A Niche IT Business.

defense_banner2017-03-25-01-15-35-541750273

 

Only on BSE: 532972

Cmp : Rs 57. 

Face value: Rs 10

Target: Target 1 -Rs 101

Target 2 -Rs 140

Website: http://www.sankhya.net/

Company Profile: Sankhya Infotech Limited is a software products and services company. The Company operates through two segments Defense and Non-Defense. Its services include software services around the products, development of simulation software for specific customer needs, courseware, besides providing consulting support to customers. It offers products, such as SILICON suite, IRMAO and Sakai Collaborative Learning Environment (CLE). SILICON suite is an enterprise training platform that covers the entire spectrum of training in a paperless environment. SILICON Suite includes SILICON Training Management Information System (TMIS), SILICON Learning Management System (LMS), SILICON QT (Online Assessment System), and SILICON Learning Content Management System (LCMS). IRMAO is an integrated resource planning, management tracking system. Sakai CLE provides a range of features under categories, such as course management, assessment and grade book, collaboration, enterprise integration and scalability.

Promoter Shareholding : As per the shareholding pattern Dec 2016, the promoters hold around 24.12% stake in the company. Public shareholding includes 4.92% by IDBI bank. Another 8.97% stake is held by the parent company of HBL Power (BEAVER ENGINEERING & HOLDINGS PVT LTD).

Why Sankhya:

✅ Sankhya is the first company in the world to have launched the web based simulation for the Aviation Industry.

✅ Sankhya has always been a good executor and has also managed to bag some very prestigious contracts amid strong international competition based on its superb execution track record and technical expertise. With the present government’s thrust on Defense, MAKE IN INDIA,  and e-governance, Sankhya is gearing up to garner a large pie of the defense opportunity that is coming up and is bidding wisely.

✅ The company’s e-learning product is used by more than 50% of all bank employees in India.

✅ Sankhya is also the first indian IT company to sell a software product to American Defense Organization.

✅ The company has successfully completed the execution of the prestigious Mumbai Rail Vikas Corporation Simulation project. Dubbed as the most complex rail network in the world Sankhya successfully completed the simulation project for MRVC that would help the corporation prepare train schedules for improved productivity and efficiency of rail assets utilization.

✅ The company is one of the better names in the space and has grown at a scotching pace.

✅ The company counts Indian Army, Air Force, Indian Railways and defense PSUs such as Bharat Electronics, DRDO as its major defense customers and have clients in US, France and UAE and Bahrain in the space.

✅ Current market cap is Rs 64.27 crores.For such a niche software company, such valuations are really low.

The company caters to following segments:

✅ DEFENSE

✅ AEROSPACE

✅ BFSI

✅ TRANSPORT

✅ ENERGY

✅ HIGHER EDUCATION

CLIENTELE:

Screenshot_20170323_153736     Screenshot_20170323_153852 & many more global gaints.

Valuations: Sankhya available at around 64.27 cr market cap has a turnover of over 152.94cr, is therefore trading at just 0.42x its FY16 turnover and stock is trading @ an discount of 18.05% of its book value of rs 69.56 at cmp. The stock is also available at resonable valuations compared to its peers. The company for FY16 delivered EPS of rs 3.53 visa-vis rs 1.31 for FY15. The stock Sankhya is grossly undervalued, especially if one considers that Zen Tech is trading at 5 times its book value. The valuation gap is extremely huge and is expected to narrow down significantly which itself could turn it into a huge multi bagger. Most importantly Sankhya’s cash generation is excellent and is way superior to its peers like Zen Technologies. Whereas other product companies are trading at astronomical valuations, a niche product company like Sankhya is available at reasonable valuations.

FINANCIALS :

Screenshot_20170323_155236Screenshot_20170325_013051Screenshot_20170325_013128

Technicals: FB_IMG_1490376306665The stock is not just available at reasonable valuations but is also technically very strong.The stock made a 52 week high of rs 67.4 on 1st March 2017. Due to profit booking there was a price correction and the stock made a low of rs 54  on 22nd March 2017. However in couple of days the stock started its upward journey. On 25th March 17 it made a high of rs 60.70 and closed at rs 57. The stock is in a steady uptrend for last few months. More importantly stock will now gather strong momentum on upside after consolidation. We are confident that it will make new highs going forward.

PRICE TARGET: We feel that the company is a value buy. If one can buy/accumulate & hold with patience for 1 to 1.5 years, for a price target of rs 101 & ultimate target of rs 140. If we consider target of Rs 140, i.e return of 146% from cmp of rs 57.

DISCLOSURE: We are not holding this stock currently. However we may buy in the near future. Do your own research before investing or One Must Always Consult his Financial Advisor Before Investing if any.