Here are fifteen companies fudging up the accounts in a permitted way... Very interesting.
http://www.stockmarketguide.in/2008/11/15-indian-stocks-that-may-shock-you.html
Thursday, April 30, 2009
Awesome Analysis by Parag on Crisil
I like this CRISIL a lot.
- Excellent Moat
- Great ROA
- Great ROE
Hoping the price to go down. I will keep this on my watch list. Please read the excellent analysis from Parag Fincials: Click below
http://www.ppfas.com/pdf-docs/research/research-reports/2009/credit-rating-industry-jan-ppfas.pdf
Our investment argument for the key players in this industry is easily explained through this math.
Influential Positioning
+
Excellent Business Economics
+
Entry Barriers
+
Growth Opportunities
+
Cheap Valuations
- Excellent Moat
- Great ROA
- Great ROE
Hoping the price to go down. I will keep this on my watch list. Please read the excellent analysis from Parag Fincials: Click below
http://www.ppfas.com/pdf-docs/research/research-reports/2009/credit-rating-industry-jan-ppfas.pdf
Our investment argument for the key players in this industry is easily explained through this math.
Influential Positioning
+
Excellent Business Economics
+
Entry Barriers
+
Growth Opportunities
+
Cheap Valuations
Sunday, April 12, 2009
Nucleus Software - Another cheap indian stock
Nucleus software is one of the the very few product development softwre companies in India. It provides sofware for Banking and Insurance sector.
Here is a summary from Nucleus Website:
Nucleus Software Exports Limited provides software solutions to the Banking and Financial Services Industry. For over 20 years, we have developed solutions spanning from Retail Banking to Corporate Banking, Cash Management, Internet Banking and Credit Cards.FinnOneTM, the Flagship product of Nucleus Software is a comprehensive suite for Retail Banking applications comprising of modules like Customer Acquisition System, Loan Management, Delinquency and Recovery Management, Deposits and Finance Against Securities.
Cash@Will and PowerCARD ® are the offerings from Nucleus Software in the area of Cash Management, Internet Banking and Credit Cards respectively.
Recently it was awarded:
-Nucleus Software’s FinnOneTM has been ranked ‘World's No 1 Selling Lending Software product ’ (for year 2008) by IBS Publishing
-Nucleus Software has been conferred the Best Independent Software Vendor (ISV) Partner (North India for 2008) awa.rd by IBM
There are more awards you can read at:
http://www.nucleussoftware.com/accolades.htm
Typically all the banking software is very sticky. It is tough to change the installed products unless it is very bad.
What can go wrong:
- International Competition
- M& A
- Rupee getting Stronger
Financial & Business Metrics
Moat: Medium
Mkt Cap: $214 Crores
Current Price - Rs. 66
Book Value: 66
ROE in the last three years: Around 30%
Debt: 0
Dividend: Paid a dividend of Rs.3 in the last three years
P/E: 3.5
I only wish the company gives back more cash to the share holders especially as the company has more than 100 crores in cash
you can find investor information at
http://www.nucleussoftware.com/investor.htm.
I personally think that is has medium moat and probably will do fine if you hold on to for next five years.
Here is a summary from Nucleus Website:
Nucleus Software Exports Limited provides software solutions to the Banking and Financial Services Industry. For over 20 years, we have developed solutions spanning from Retail Banking to Corporate Banking, Cash Management, Internet Banking and Credit Cards.FinnOneTM, the Flagship product of Nucleus Software is a comprehensive suite for Retail Banking applications comprising of modules like Customer Acquisition System, Loan Management, Delinquency and Recovery Management, Deposits and Finance Against Securities.
Cash@Will and PowerCARD ® are the offerings from Nucleus Software in the area of Cash Management, Internet Banking and Credit Cards respectively.
Recently it was awarded:
-Nucleus Software’s FinnOneTM has been ranked ‘World's No 1 Selling Lending Software product ’ (for year 2008) by IBS Publishing
-Nucleus Software has been conferred the Best Independent Software Vendor (ISV) Partner (North India for 2008) awa.rd by IBM
There are more awards you can read at:
http://www.nucleussoftware.com/accolades.htm
Typically all the banking software is very sticky. It is tough to change the installed products unless it is very bad.
What can go wrong:
- International Competition
- M& A
- Rupee getting Stronger
Financial & Business Metrics
Moat: Medium
Mkt Cap: $214 Crores
Current Price - Rs. 66
Book Value: 66
ROE in the last three years: Around 30%
Debt: 0
Dividend: Paid a dividend of Rs.3 in the last three years
P/E: 3.5
I only wish the company gives back more cash to the share holders especially as the company has more than 100 crores in cash
you can find investor information at
http://www.nucleussoftware.com/investor.htm.
I personally think that is has medium moat and probably will do fine if you hold on to for next five years.
Thursday, April 2, 2009
Value Stock - Micro Technologies India Ltd
About Micro Technologies:
Micro Technologies (India) Ltd. is an IT based company, a leading global developer, manufacturer and marketer of security devices for its clients across the globe. Product lines include the much-needed security devices, life style and support systems and web-based software. Micro Technologies has a history of leading-edge security solutions products. This tradition continues through a singular focus on innovation, advanced technology and making the life of its clients safe, secure and manageable in terms of security, time and money one of the most important defining characteristics of a security and life support solution based company in the early 21st century. It is one of the most valued security solutions across the globe and has been accorded with many national and international awards for its growth and R & D. Micro Technologies aims at displaying not just the technological innovation and prowess but also the product diversity in various segments of vehicle, premises, mobile, other assets and now entering Energy & Health Segments.
This has good history of Awards:
Micro Technologies wins the 'Amity Corporate Excellence Award'.
Accorded with the "Deloitte Technology Fast 500 Asia Pacific Award" for being one of the 500 fastest growing companies in Asia for two consecutive years- 2007 & 2008.
Awarded with the 'Deloitte Technology Fast 50 (India) Award' for two consecutive years-2007 & 2008.
Micro Technologies wins the Dun & Bradstreet - ECGC - Indian Exporters' Excellence Award.
Micro Technologies bags Maharashtra IT Awards, 2006.
Dr. A P J Kalam, former president of India, felicitates Dr. P Sekhar for his significant contribution in the security segment.
Micro Technologies and Bharti Airtel Limited ties up to offer Micro LMTS (Lost Mobile Tracking System) to secure the mobile handsets of Airtel subscribers.
Micro Technologies ties up with MTNL to offer Mobile security solution-Micro LMTS to its Mumbai & Delhi Subscribers.
Micro Technologies has entered into a strategic agreement to market Micro Products and its licenses to Sri Lanka.
Launched new security products Micro MCS (Mobile Controller System), Micro SAMS (Student Attendance Management System) & Micro WSS (Wi-Fi Security System).
Launches an exclusive range of Products such as Micro BTS (Buddy Tracking System), Micro LNTS (Lost Notebook Tracking System) and Micro ISS (Intelligent Surveillance System).
Mkt Cap: 83 Crores
Sales last three years 2006/2007/2008: 59 cr/107 cr/ 188 cr
Sales Growth: 82%/ 76 %
Profit After Tax: 18 / 31/ 55
P/E: 1.5
Current Mkt Price: 75
ROCE: 16.8/22.6/24.9
you can get more details at
http://www.equitymaster.com/research-it/company-info/comp_info.asp?h_CodeScrip=MITH
you should also read their annual report at
http://www.microtechnologies.net/Investor/pdf/financialresult/fy0708/Full-Annual-Report.pdf
What can go wrong in this stock:
- Cheap Imports from China/other countries
- Better technologies
I never like a company that need to constantly innovate and need money for capital expenditure but this is a market leader and like the way they are creating their brand so that they can get the share of the mind by improving their moat. India has huge market for security products and it is a market leader. In next 10 years, there is plenty of scope. The stock is selling extremely cheap(1.5 times earning). This could be a 10 bagger with medium risk. Last quarter it made 20 crores and it has a book value of 190 rupees. I have never seen such a great stock with so much potential selling cheaply.
There are FCCB bonds and they could potentially dilute in 2012.
As there is no free money. I am still trying to figure out what is the catch? Let me know if you know more about this company.
Micro Technologies (India) Ltd. is an IT based company, a leading global developer, manufacturer and marketer of security devices for its clients across the globe. Product lines include the much-needed security devices, life style and support systems and web-based software. Micro Technologies has a history of leading-edge security solutions products. This tradition continues through a singular focus on innovation, advanced technology and making the life of its clients safe, secure and manageable in terms of security, time and money one of the most important defining characteristics of a security and life support solution based company in the early 21st century. It is one of the most valued security solutions across the globe and has been accorded with many national and international awards for its growth and R & D. Micro Technologies aims at displaying not just the technological innovation and prowess but also the product diversity in various segments of vehicle, premises, mobile, other assets and now entering Energy & Health Segments.
This has good history of Awards:
Micro Technologies wins the 'Amity Corporate Excellence Award'.
Accorded with the "Deloitte Technology Fast 500 Asia Pacific Award" for being one of the 500 fastest growing companies in Asia for two consecutive years- 2007 & 2008.
Awarded with the 'Deloitte Technology Fast 50 (India) Award' for two consecutive years-2007 & 2008.
Micro Technologies wins the Dun & Bradstreet - ECGC - Indian Exporters' Excellence Award.
Micro Technologies bags Maharashtra IT Awards, 2006.
Dr. A P J Kalam, former president of India, felicitates Dr. P Sekhar for his significant contribution in the security segment.
Micro Technologies and Bharti Airtel Limited ties up to offer Micro LMTS (Lost Mobile Tracking System) to secure the mobile handsets of Airtel subscribers.
Micro Technologies ties up with MTNL to offer Mobile security solution-Micro LMTS to its Mumbai & Delhi Subscribers.
Micro Technologies has entered into a strategic agreement to market Micro Products and its licenses to Sri Lanka.
Launched new security products Micro MCS (Mobile Controller System), Micro SAMS (Student Attendance Management System) & Micro WSS (Wi-Fi Security System).
Launches an exclusive range of Products such as Micro BTS (Buddy Tracking System), Micro LNTS (Lost Notebook Tracking System) and Micro ISS (Intelligent Surveillance System).
Mkt Cap: 83 Crores
Sales last three years 2006/2007/2008: 59 cr/107 cr/ 188 cr
Sales Growth: 82%/ 76 %
Profit After Tax: 18 / 31/ 55
P/E: 1.5
Current Mkt Price: 75
ROCE: 16.8/22.6/24.9
you can get more details at
http://www.equitymaster.com/research-it/company-info/comp_info.asp?h_CodeScrip=MITH
you should also read their annual report at
http://www.microtechnologies.net/Investor/pdf/financialresult/fy0708/Full-Annual-Report.pdf
What can go wrong in this stock:
- Cheap Imports from China/other countries
- Better technologies
I never like a company that need to constantly innovate and need money for capital expenditure but this is a market leader and like the way they are creating their brand so that they can get the share of the mind by improving their moat. India has huge market for security products and it is a market leader. In next 10 years, there is plenty of scope. The stock is selling extremely cheap(1.5 times earning). This could be a 10 bagger with medium risk. Last quarter it made 20 crores and it has a book value of 190 rupees. I have never seen such a great stock with so much potential selling cheaply.
There are FCCB bonds and they could potentially dilute in 2012.
As there is no free money. I am still trying to figure out what is the catch? Let me know if you know more about this company.
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