next »

[Lavanay]

What a rise in Vakrangee Softwares !. Touched 301 today !  Enjoy

[Lavanay]

Our Top Pick Vakrangee was now recommended by HEM Securities.

It has maintained buy rating on Vakrangee Software with target price of Rs 415 in its May 23, 2008 report. "The company is a pioneer in the digitalization, data management and printing management solutions. The reduc-ing paperwork in the wake of globalization has increased the demand for such solutions and the company is well positioned to capitalize on the same.

Delimitation exercise is another area where the company has a huge poten-tial. The company’s topline and bottom-line has grown with a CAGR of 87.37% and 160.20% respectively from FY05 to FY08, indicating the robust growth in its business.

Presently, the stock is trading at Rs 275 which is 11.79 times to its earnings and 2.13 times to its book value.  Keeping in view the robust opportunities in the industry, capacity expansion of the company and the growth rate of Vakrangee Softwares, we initiate a ‘BUY’ signal on the stock with a price target of Rs 415 in the long term in-vestment horizon, expecting an appreciation of 51 % from the current levels" according to HEM Securities reports.

[Lavanay]

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 128% in its net profit to Rs 55.69 million for the quarter ended June 30, 2007,  as compared to Rs 24.39 million in Q1 FY07. The gross turnover of Vakrangee Softwares Ltd. during Q1 FY08 shot up by 94% to Rs 327.89 million, as compared to Rs 169.16 million in the corresponding period for the last fiscal. The Board of Directors today announced the unaudited results for the quarter ended June 30, 2007.

 

During the first quarter of FY08, Vakrangee Softwares Ltd. registered a jump of 121% in its profit before depreciation and tax to Rs 140.65 million for the quarter ended June 30, 2007, as compared to Rs 63.59 million in the Q1 FY07. The operating margin of Vakrangee Softwares Ltd. jumped to 42.90% in Q1 FY08, while the net profit margin rose to 16.98% as compared to the corresponding figures for the same quarter in the previous fiscal. The Basic Earnings Per Share for Q1 FY08 shot up to Rs 2.91 from Rs 2.36 for the same period during the last fiscal. The Diluted Earnings Per Share for Q1 FY08 shot up to Rs 2.60 from Rs 1.40 in Q1 FY07.