Search This Blog

Nov 16, 2010

Polaris Software Lab Ltd

 

 

Name of Company

Polaris Software lab ltd

BSE Code

532254

NSE Code

POLARIS

ICICI Code

Established

1993

My Take

Like

Headquarters

Chennai

Promoters

Arun Jain

Story

Mainly involved in financial services. It's product Intellect Suite is built on SOA. Developed banking software for Citibank.

Sector

IT

Sub-sector

Outsourcing, financial s/w product

Website

http://www.polaris.co.in/

http://www.intellectsuite.com/

Positives

Zero Debt. Around 1-2% dividend yield can be expected (company pay dividends twice a year sometimes). Near the 52 week low.

Negatives

Topline has not even doubled over the last 5 years. NPMs varying between 2-12%. 29% promoter shareholding.

Peers

News

Price @ blogged

158 (14-Nov-10)

Cost of company

1564 Cr market cap for a FY10 NP of 130 Cr which translates to 12 times, For a zero debt company with 730 Cr reserves, this seems cheap. Only downsides are unexpectable NPMs and low growth.

 

No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...