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!!! W E L C O M E !!!
In INDIA, people generally relate to stock market as “EASY MONEY” or “SATTA BAZAAR”. For them it’s purely a GAME or matter of sheer LUCK and nothing more than that. But seldom do they know, by following certain PRINCIPLES and taking INFORMED decision, this same platform has the power to take them from rags to riches. No doubt, it has a certain amount of RISK attached to it. But every business or investment has it. What more, the Finance Ministry has already made the long term capital gain as TAX FREE whereas the short term capital gain is taxed at merely 10%. On the economic front, India’s GDP is growing and is expected to grow at scorching pace of more than 8%. Unfortunately, even today our market is being ruled and dominated by FIRANGI’s money. But I can see, the day is not far when our general PUBLIC will change its perception and start putting MOST of their savings in equities as an ** Investment **.
Remember, "K N O W L E D G E" and "P A T I E N C E" are the key to success.
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Friday, August 18, 2006

Virinchi Technology - Rs.37.00

Incorporated in 1990, Virinchi Technology Ltd. (VTL), erstwhile Virinchi Consultants Ltd., is an e-Business solutions provider for large enterprises and government establishments in the areas of e-procurement, private exchanges, supply chains and finance. It is the global leader in providing IT solutions to the retail micro lending industry in North America. VTL is ISO 9001:2000 certified for its production, delivery and quality processes and is currently being assessed for CMM Level 5 certification. The company has four strategic business units: B2B e-commerce, enterprise wide resource planning solutions, networking and services. Its B2B understanding is backed by domain expertise in an array of industry verticals like Chemicals, Pharmaceuticals, Cement, Electronics, Telecom, Food & Agriculture, Oil & Gas, Automobiles and Infrastructure.

Presently, VTL has two development centers in Secunderabad - one in Vikrampuri and the other in Marredapally spread across 25000 sq ft and employing around 250 engineers. It has several wholly-owned enterprise-wide software products providing solutions to over 10 industry domains with more than 55 clients located across 12 countries. It has offices in India, Malaysia, United States, Italy, Germany, Switzerland, Middle East & Hong Kong. Its clientele include biggies like McKinsey & Company, Venture 2002, the Birla Group, Saudi Telecom, Saudi Electricity co, Globoworks, Bank Lonmbard, Perintis, Advance America etc. Few of its software products such as Enterprise Enabler 3.0, CaseTrail, Financial & Accounts Management for Enterprises (FAME), TrackPORT, MarketSmart, Secure, Hospitality Management System (HMS) have been huge successes and are witnessing good demand in the global markets. Last year, VTL acquired K-Soft System Inc., a US based company providing enterprise business solutions with vast experience & expertise in packaged product implementation for a total consideration of around Rs.12 cr. Besides, the company also intends to grow organically and is planning to expand its Hyderabad facility to accommodate 1000 techies. Interestingly, in September’05 VTL forayed into mobile applications covering gaming, enterprise solutions and also partnered Mobitas to develop applications for the construction industry.

To conclude, VTL’s vast domain expertise across industries coupled with its product development and implementation experience, in onsite-offshore model and pure offshore model to global clientele act as the USP for the company. For FY06, its top-line grew by 40% to Rs.26 cr. and its bottom-line gained by 45% to Rs.8.55 cr. registering an EPS of Rs.6 on its equity of Rs.13.91 cr. It reported quite encouraging numbers for the June’06 quarter as well and is estimated to post revenue of Rs.32-35 cr. with net profit of Rs.10 cr. for FY07. This translates into an EPS of Rs.7 on its diluted equity of Rs.15.15 cr. having a 52-week high/ low as Rs.77/ Rs.24, it’s a safe bet at the current level and can give 50% return in 9-12 months.

Posted by RAJAT AGRAWAL / MUMBAI at Friday, August 18, 2006

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