Financial Technologies (India) ltd - 526881

Name of Company	Financial Technologies (India) ltd
BSE Code	526881
NSE Code	FINANTECH
ICICI Code
Established
My Take	Like
Headquarters	Chennai
Promoters	Jignesh Shah and Dewang Neralla and others
Story	Creates and operates exchanges in many emerging markets in Asia and Africa. In exchange business (MCX, MCXSX, Bourse Africa, IBS Forex). In financial technology (exchange solutions - DOME/CNS, brokerage solutions- ODIN/MATCH, messaging solutions- FTNET/STPGATE). In related businesses such as Clearing, Commodity depository, transaction processing, etc. MCX is set to grow, we might see lower volumes when prices are volatile - but mostly would grow.
Sector	IT/Financial
Sub-sector	Running exchanges, software for exchanges and allied services
Website	http://www.ftindia.com/
Positives	Regular dividend every year (but yield is 0.25%). Regularly profitable. Nearly 4 times growth in 5 years from FY06 to FY10 in revenues and 7 times growth in NP (because of other income).  promoters hold 45%, none pledged.
Negatives	More of other income, nearly as much as revenues.
Peers
News
Price @ blogged	767 (13-Feb-11)
Cost of company	3533 Cr market cap for a 344 Cr FY10 NP makes it a little more than 10 times. For a great growth rate, this seems low. FY11 might see lesser NP of around 250+Cr which is around 14 times.