July 20, 2000
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|
Company |
Tele Data Informatics |
Market Price |
Not listed |
Lead manager |
Systematix Corporate Services, PNB Capital Services
|
Listing At |
BSE, Madras
|
Opening/Closing |
July 20/July 24
|
Promoters | K Padmanabhan, N Sathivel
|
Associate Co. |
Sirus Shipping Company, BNP Dyes & Chemicals
|
Managing Director |
K Balasubramanian
|
Post-issue Stake |
75%
|
Issue |
|
Size |
Rs 62.50 million
|
Price |
Rs 25
|
On Application |
Rs 7 |
On Allotment |
Rs 18 |
Objective |
Expansion of software development facility
|
Business |
|
Product |
Software development, consultancy services, services training
|
Location |
Madras |
Project cost |
Rs 123.47 million
|
Funded by |
Equity
|
Kensource projections |
(2001) |
Sales |
Rs 59 million
|
Profit |
Rs 24 million
|
Earnings per share |
Rs 2.37
|
Forward P/E |
10.5
|
Return on equity |
15% |
Comment | Good capabilities. In 1996-97, turnover reduced due to too much dependence on shipping software. Has shifted focus to other products, but the dependence is still quite large
|
Rating *
|
B
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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