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Dec 24, 2010

HCL Infosystems Ltd - 500179






Name of Company

HCL Infosystems Ltd

BSE Code

500179

NSE Code

HCL-INSYS

ICICI Code

Established

My Take

Like

Headquarters

Promoters

HCL group (HCL tech being the other big company). Ajai Chowdry is one of the founders and long time CEO.

Story

Sector

Hardware

Sub-sector

Computers, laptops, servers,etc

Website


Positives

High and regular(I checked 2005 and onwards) dividend payer –can expect 5% dividend yields at current levels. Heavy reserves (1860 Cr). Largest hardware player in India. Has been in the business for long. 50% promoter shareholding (<1% has been pledged by some promoter companies)

Negatives

Nil topline growth over the past 4 years.

Peers

News

Price @ blogged

86.50 (26-Nov-10)

Cost of company

1887 Cr market cap for a 261 Cr FY10 NP makes it <8 times. Though this is a 2% NPM company, 1860 Cr reserves with a 500 Cr debt makes this company cheap.

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