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[Lavanay]

CMP: 189
Target: 300 in 9 - 12 months
52wk H/L (Rs)   295.75 - 126.30
Mkt Cap (Rs Cr)   362.34

This is purely domestic player and hence not affected by Rupee appreciation.  but it has corrected inline with rest of IT stocks.

Vakrangee intends to invest more than Rs 200 crore in the coming months to build up the global Hub for meeting end-to-end Document Management Solution requirements of the transnational clients across the globe so that these clients can focus on their core business effectively and efficiently.

The strategic alliance with Eastman Kodak, the World Leader in this area, shall immensely help us in attaining this objective. The solutions from Vakrangee will enable the fast growing Retail, Telecom & BFSI Companies to transform their customer communications practices and retain their customers in a fiercely competitive environment. This market in India currently estimated to be more than Rs 5,000 core, which is growing at more than 40% per annum. Vakrangee shall have the first mover advantage to tap this market to the fullest and enhance the share holder value significantly.

Financials:

PE ratio    15.67   11/12/07
EPS (Rs)   12.74   Mar, 07
Sales (Rs crore)   56.26   Sep, 07
Face Value (Rs)   10   
Net profit margin (%)   20.81   Mar, 07
Last dividend (%)   15   01/08/07
Return on average equity   14.17   Mar, 07

[Lavanay]

Dolat securities a brokerage house with FII has given a target of Rs. 310 for this scrip. The company has big plans of digitalization of all government records. like LIC, land records,reliance mobile and airtel bill  with client data et cetera.

This tech stock is not an will not be affected by dollar depreciation.

[dudette]

Stock locked in upper circuit!

Yippie

[Lavanay]

Vakrangee Softwares up in falling market !  Cheers.

[dudette]

Vakrangee 283 now!! Cheers Guys

[Lavanay]

Vakrangee Softwares recovering fast.. Buy it or miss the bus..

[Lavanay]

Posted stunning Q3FY08 results. It recorded 100% growth in topline as well as bottomline to Rs.60 cr. and Rs.13.50 cr. respectively thereby posting an EPS of Rs.7 for the quarter. Effectively, it has already registered an EPS of Rs.17 for the nine months ending 31st December 2007. Last year, the company imported the world’s fastest printing system - Kodak Versamark VT3000, which can print customized design from page to page. This machine has not only helped the company to execute all election commission related work in house but also enabled it to get more business from the emerging opportunities like printing documents (including bills) for telecom companies, electricity supply companies, retail groups etc. Recently, it has entered into a strategic alliance with Eastman Kodak company to offer mass customization and personalization of customer communication practices in India and has been granted with the Kodak Gold Plus accreditation status. Although there was been news of the company losing the Nasik, Aurangabad and other regional businesses, it’s still a good bet as company has bid for new orders worth Rs.2500 cr. through its alliance with Eastman Kodak Co. It is expected to report total revenue of Rs.200 cr. with profit of Rs.41.50 cr. for FY08 i.e. EPS of Rs.21 on its current equity and EPS of Rs.19 on its diluted equity of Rs.21.40. For FY09, it has the potential to post an EPS of Rs.25 on its diluted equity.

Stock has corrected significantly in the January 08 correction and is clearly a BUY

[Sumans_Fan]

This stock is solid as rock.

Vakrangee Softwares Ltd. (VSL), the leading integrated document management and printing management solutions provider that is spearheading the Government's e-Governance drive, registered a jump of 106.71% in its net profit to Rs 13.53 crore for the quarter ended December 31, 2007, as compared to Rs 6.54 crore in the corresponding quarter last year. The gross turnover of Vakrangee Softwares Ltd. during Q3FY08 shot up by 92% to Rs 60.21 crore as compared to Rs 31.36 crore in the corresponding period for the last fiscal. The Board of Directors today announced the unaudited results for the quarter ended December 31, 2007 .

The Basic Earnings Per Share for Q3FY08 shot up to Rs 7.06 from Rs 3.42 for the same period during the last fiscal. The Diluted Earnings Per Share for Q3FY08 stood at Rs 6.32 as against Rs 3.06 in Q3FY07. 

Vakrangee Softwares Ltd. registered a jump of 130.81% in its profit to Rs 31.83 crore for the nine month ended December 31, 2008 as compared to Rs 13.79 crore in the corresponding period last year. Gross Turnover for the same period grew by 90% to Rs 149.25 crore as against Rs 78.52 crore during the nine month ended December 31, 2006 . 

Commenting on the financial performance of the Company, Mr. Dinesh Nandwana, Chairman and Managing Director, Vakrangee Softwares Limited, said , "With our strong positioning in the government and e-Governance sector, we are also successfully tapping private and high growth sectors like Telecom, Insurance, Financial services and Retail. We have also ramped up our capacity by placing order on Eastman-Kodak for acquisition of a state of art 'Variable Data Digital Colour Printing Facility' from 2.4 million pages per day to 4.8 million pages per day."

[Lavanay]

Vakrangee Rs220 is doing very fine today.  Also this stock has been amongst the few stocks that remained strong in recent crash. 

Order book is pretty healthy and I see no reason for it not crossing 300 by April 08.

Unless market breadth becomes negative again..

[Lavanay]

Vakrangee at 245.00 now. And there is lots of steam left n this stock.  Safe Stock in volatile market..

Merrill Lynch increasing holdings in Vakrangee Softwares to 7.72%. The total FII holdings in Vakrangee Softwares Limited has summed up to 39.49 %.

 

As of Februray 16, 2008, FIIs have acquired 75 lakhs shares representing 39.49 % of the share capital. Premier global institutions such as Morgan Stanley and Co. International Ltd. (9.73 %), Goldman Sachs Investments (Mauritius) I. Ltd. (9.51 %) and Merrill Lynch Capital Markets (7. 72 %) have crossed the significant 5% holding mark. Other FIIs holding stake include CLSA Mauritius Limited (4.51%), Deutsche Securities (Mauritius) Limited (2.37 %), Melchior Indian Opportunities Fund (2.09 %), Himalayan Fund N. V. (0.65 %) and Planetary (Mauritius) Limited (0.52 %).

 

Holding of Indian Financial Institutions have also increased to 9 lakhs shares representing 4.80% of the share capital.  Indian Financial Institutional holding includes Prudential ICICI Trust Ltd. (1.60%), HSBC Assets Management (1.25 %),Axis Bank Ltd. (1.13%), ING Vysya Mutual Fund (0.50%) and DSP Merill Lynch Trustee Co Pvt. Ltd.( 0.32%).

 

Commenting on the development of the company, Mr. Dinesh Nandwana, Chairman and Managing Director, Vakrangee Softwares Limited, said, “With our strong positioning in the government and e-Governance sector, we are also successfully tapping private and high growth sectors like Telecom, Insurance, Financial services and Retail. We have also ramped up our capacity by placing order on Eastman-Kodak for acquisition of a state of art ‘Variable Data Digital Colour Printing Facility’ from 2.4 million pages per day to 4.8 million pages per day.”

 

Vakrangee Softwares registered a jump of 106.71% in its net profit to Rs 13.53 crore for the quarter ended December 31, 2007, as compared to Rs 6.54 crore in the corresponding quarter last year. The gross turnover of Vakrangee Softwares Ltd. during Q3FY08 shot up by 92% to Rs 60.21 crore as compared to Rs 31.36 crore in the corresponding period for the last fiscal. The Board of Directors in the Board Meeting held on announced the unaudited results for the quarter ended December 31, 2007.

 

The Basic Earnings per Share for Q3FY08 shot up to Rs 7.06 from Rs 3.42 for the same period during the last fiscal. The Diluted Earnings Per Share for Q3FY08 stood at Rs 6.32 as against Rs 3.06 in Q3FY07.

 

Vakrangee Softwares Ltd. registered a jump of 130.81% in its profit to Rs 31.83 crore for the nine month ended December 31, 2008 as compared to Rs 13.79 crore in the corresponding period last year. Gross Turnover for the same period grew by 90% to Rs 149.25 crore as against Rs 78.52 crore during the nine month ended December 31, 2006.