Result update for Caplin Point for Sep 15
Highlights:
YoY:
Revenue up 38.8% (YoY)
Operating profit (PBDT) up 80.29% (YoY)
Net profit/EPS up 66.67% (YoY)
QoQ
Revenue up 11.74% (QoQ)
Operating profit (PBDT) up 10.76% (QoQ)
Net profit/EPS up 11.9% (QoQ)
Change in shareholding pattern:
YoY: Over all Institutions holding up 3900% from 0.08% of the equity to 3.2% of the equity. In this FII's have increased the stake from NIL last year to 3.11% of the equity this year.
QoQ: Over all Institutions holding up 76% from 1.82% of the equity to 3.2% of the equity. In this FII's have increased the stake by 76% from 1.7% last qtr to 3.11% of the equity in this qtr.
The company is consistently beating its guidance of 25% of top line and bottom line growth.
Last 12 months eps is Rs 30.84 and current market price of Rs1299 leading to PE of 42.12
In No way the stock can be considered cheap but given the historical PE ratio's of in excess of 60 found recently, the stock is trading at almost 50% discount. The results are yet to reflect the impact of diversification in to new Geographies and new products.
All in all its looks a good long term bet for me.
https://docs.google.com/spreadsheets/d/1qRAbQILXnzHwORHlv87Xq6yLNqPz-yw2lDvx2_RZpMU/edit?usp=sharing
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure: It is safe to assume that I might have the stock in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.
Highlights:
YoY:
Revenue up 38.8% (YoY)
Operating profit (PBDT) up 80.29% (YoY)
Net profit/EPS up 66.67% (YoY)
QoQ
Revenue up 11.74% (QoQ)
Operating profit (PBDT) up 10.76% (QoQ)
Net profit/EPS up 11.9% (QoQ)
Change in shareholding pattern:
YoY: Over all Institutions holding up 3900% from 0.08% of the equity to 3.2% of the equity. In this FII's have increased the stake from NIL last year to 3.11% of the equity this year.
QoQ: Over all Institutions holding up 76% from 1.82% of the equity to 3.2% of the equity. In this FII's have increased the stake by 76% from 1.7% last qtr to 3.11% of the equity in this qtr.
The company is consistently beating its guidance of 25% of top line and bottom line growth.
Last 12 months eps is Rs 30.84 and current market price of Rs1299 leading to PE of 42.12
In No way the stock can be considered cheap but given the historical PE ratio's of in excess of 60 found recently, the stock is trading at almost 50% discount. The results are yet to reflect the impact of diversification in to new Geographies and new products.
All in all its looks a good long term bet for me.
https://docs.google.com/spreadsheets/d/1qRAbQILXnzHwORHlv87Xq6yLNqPz-yw2lDvx2_RZpMU/edit?usp=sharing
Note: The above is not a research report but information as available on
public domain and it should not be treated as a research report.
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure: It is safe to assume that I might have the stock in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.
No comments:
Post a Comment