May 29, 2000
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Stocks
|
|
Company |
Sagarsoft (India) |
Market Price |
Not listed |
Lead manager |
Karvy Investor Services |
Listing At |
Hyderabad, Bangalore |
Opening/Closing |
May 29, 2000 / June 3, 2000 |
Promoters |
Sreekanth Reddy, S Veera Reddy
|
Associate Co. |
None
|
Managing Director |
Sreekanth Reddy
|
Post-issue Stake |
75%
|
Issue |
|
Size |
Rs 27.8 million
|
Price |
Rs 20 (Rs 10, premium Rs 10)
|
On Application |
Rs 20
|
On Allotment |
Nil
|
Objective |
Opening of offices in New York and Geneva, expansion of software development facility in Hyderabad
|
Business |
|
Product |
Software development, networking, training and marketing
|
Location |
Hyderabad
|
Project cost |
Rs 55.80 million
|
Funded by |
Equity
|
Kensource projections |
(2001) |
Sales |
Rs 203.57 million
|
Profit |
Rs 24.42 million |
Earnings per share |
Rs 4.39 |
Return on equity |
21% |
Comment | At an EPS of 4 and a price of Rs 20, the stock is undervalued. But keep a watch on the quarterly figures.
|
Rating *
|
B
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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