Idea for researching this stock came from Forbes list of 200 best under a billion companies posted today by Manish Okhade under thread for Eclerx services.
Same list also carries name of Omnitech Infosolutions and their business listed as "disaster recovery software".
Further to this, I have tried to borrow the method of analysis from our very own Smartcatji and with data from Indiainfoline. Followings are the quick results:
1) Sales growth - From year ending March '05 to March '09, sales have grown from 46.51 crores to 171.43 crores. This is approx 3.7 times in past five years. For qtr ending June '09, sales is 42.54 croes.
2) Net profit growth - From year ending March '05 to March '09, net profits have grown from 1.03 crores to 33.1 crores. This is approx 33 times in past five years. For qtr ending June '09, net profit is 7.59 croes.
3) PAT margins - net profit margins are in double digits in last four years, 19% in last two years.
4) ROE - More than 25% in each of the last four years.
5) ROCE - More than 25% in each of the last four years.
6) P/E - Yesterday's closing price of 109.35 discounts March '09 EPS of 25.19 by 4.34.
7) Dividends - Rs. 1.2/- in each of last two years (2009 & 2008) and Rs.1/- in each previous two years (2007 & 2006).
8) P/B - Book value per share for year ending March '09 is 92.19. P/B is 1.18.
9) Price / Sales ratio - Sales for year ending March '09 is 171.46 croes and market cap as of yesterday's closing is 143.68 crores giving Price / Sales of 0.84.
10) Debt / Equity ratio - 0.27 as of year ending March '09.
Based on above numbers, it looks good although dividend yield is not quite attractive per standards of Smartcatji.
I do not know head or tail of this company's business. Hence, I would like to know opinion of forum members on the same.
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