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Gemini Communication Ltd. Stock Analysis

Small Cap
Evaluated by 144 users | BSE: 532318 | NSE: GEMINI |
IT - Networking
In 1991 Gemini Hi-Tech was set up as a partnership company to manufacture monochrome monitors. The company was taken over by Gemini Communication in 1995 with an objective to provide IT solutions to the emerging markets. Gemini Communication offers a wide spectrum of networking, services and...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Return on Capital Employed 17.64%4.72%8.2%8.69%6.94%3.55%-59.47%-39.37%-8.57%-2.35%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 20219521331628514041.449.630.56.7
Y-o-Y Gr. Rt.--3.1%9.2%48.2%-9.9%-51%-70.4%19.8%-38.5%-78.1%
Adjusted EPS (Rs.) 2.27-0.40.870.910.18-0.16-14.51-7.16-0.68-0.18
Y-o-Y Gr. Rt.--117.6%NA4.6%-80.2%-188.9%NANANANA
Book Value per Share (Rs.) 8.788.799.8311.3411.4616.321.81-5.51-6.19-6.37
Adjusted Net Profit 22-3.98.79.81.9-2-180-88.7-8.4-2.2
Net Op. Cash Flow (Rs. Cr.) -0.129.216.68254.71096.863.6-0.10
Debt to Cash Flow from Ops -1,424.716.8513.722.33.661.6128.62.68-1,498.43-4,25,927.75
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Gemini Communication Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -31.5%-52.8%-45.5%-78.1%
Adjusted EPS -175.5%-200%NANA
Book Value per Share -196.5-188.9-252.10
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Return on Equity (%) 30.16-4.419.18.71.54-1.22-160.14386.611.632.81
Operating Profit Margin (%) 25.7723.2628.1519.7622.7337.7-381.53-55.93-26.82-27.45
Net Profit Margin (%) 10.93-1.974.073.090.66-1.41-434.69-179.04-27.63-32.77
Debt to Equity 2.32.342.311.561.640.878.68-2.5-2.22-2.16
Working Capital Days 2203494394145251,0462,5861,0121,1684,994
Cash Conversion Cycle 1642332471512135061,08723392102
Entity Percentage Holding
Promoters 29.02%
Institutions 22.99%
Non-Institutions 47.99%
Pledged *78.8278.8278.8278.8278.8277.5577.5577.5577.5577.55
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

In 1991 Gemini Hi-Tech was set up as a partnership company to manufacture monochrome monitors. The company was taken over by Gemini Communication in 1995 with an objective to provide IT solutions to the emerging markets.

Gemini Communication offers a wide spectrum of networking, services and security solutions. The company's product portfolio includes solutions for networking, security, storage, supervision and IT services. It’s solutions are centered on IT Infrastructure and

In 1991 Gemini Hi-Tech was set up as a partnership company to manufacture monochrome monitors. The company was taken over by Gemini Communication in 1995 with an objective to provide IT solutions to the emerging markets.

Gemini Communication offers a wide spectrum of networking, services and security solutions. The company's product portfolio includes solutions for networking, security, storage, supervision and IT services. It’s solutions are centered on IT Infrastructure and management and carry the message of innovation and leadership.

Gemini is serving various verticals such as education, banking or financial services, insurance, government, health care, IT/ITeS, call centers/BPOs/KPOs/SDCs, and various service providers like cable operators, mobile operators, and wireless carriers.

The company recently acquired a stake in Chennai-based Veeras infotech, a security and availability solution firm. This acquisition has strengthened Gemini's network security and business continuity capabilities, and has also increased the company’s client base. With the increased client base and its geographical reach, Gemini is all set to surmount heights

The IT company has 18 offices, 92 service locations spread geographically with two international offices, 754 staff, Rs 236.12 crore revenue and the extensive coverage of all products and services in the IT industry. It has accomplished the status of one of the top 5 networking companies in India and South Asia's biggest wireless broadband system provider. It has more than 1,000 customers in India with customer retention over 92% in the last four years.

While all competing networking companies focus on building LAN and WAN Infrastructure, Gemini Communication focuses its energies beyond. Gemini is the only company that can provide comprehensive understanding of networks' performance built already or the ones getting built. 

Gemini brings varied expertise and experience of implementing several projects in India. Their highly motivated staff has proven expertise to deliver complex turnkey solutions in defined time frame to the utmost satisfaction of clients. Gemini offers state-of-the-art technology solutions with partnerships from leading technology companies around the world.

Products:

Gemini Communication offers solutions for networking, security, storage, supervision and IT services.

The services portfolio of the company are broadly organized into Infrastructure Implementation Services (IIS), Infrastructure Managed Services, (IMS), Infrastructure Outsourcing Services (IOS) and Infrastructure Consultancy services (ICS) besides from its LAN, WAN and Telecom solutions.

Subsidiary Companies:

a) Veeras Infotek – Chennai-based Veeras Infotek is a System Integration company focusing in the areas of Business Applications, Infrastructure Integration and Information Integrity Solutions. It is having braches at Hyderabad, Bangalore and Coimbatore.

b) PointRed Telecom - PointRed looked beyond the standard assumptions in wireless broadband equipment to develop a practical technology that enables service providers to deploy a pay-as-you-grow network of cells. PointRed's unique Cell IPT feature allows routing around obstacles and shadow areas to increase potential subscriber coverage.

c) Gemini Traze RFID - Gemini Traze Rfid (Gemini Traze) is a wholly owned subsidiary of Gemini Communication. GCL is engaged in providing cutting edge solutions in the networking and communication field and is among the top 10 System Integrators in India.

Besides, it is also the first company in India to manufacture and market Radio Frequency Identification (RFID) based Readers and Antennas in the yet to mature RFID industry under the brand name TRAZE.

Milestones:

  • 1992 - Gemini Communication incorporated by buying out the monochrome monitor manufacturing firm Gemini Hi-tech Computer which produced close to 10,000 monitors beginning from 1991. Successfully goes through the Initial public offer. Opens offices across South India, with a combined focus on selling modems, networking solutions and monitors.
  • 1996 - Quotes in Chennai and Delhi Stock Exchanges. Gets its first large order from the TVS Group to build LAN at their factories in Hosur and Padi, Chennai. Starts marketing VHF-based ‘Press to talk’ Radios.
  • 1997 - First company from south India to come out with wireless WAN Solutions
  • 1998 - Widens scope of product and service offering, Chosen by Murugappa Group for their network and wireless requirements. Inks distribution agreement with Fluke Networks to market network analyzers.
  • 1999 - One of the first companies to start building wireless ‘Last Mile’ links for Internet service providers. Also becomes the first company to offer ‘Network Audit’ solutions
  • 2000 - Opens office in Mumbai, Diversifies into Network Security areas and launches Network CARE division to cater to network security and network analysis needs, Raised capital by placing shares with Birla Mutual Fund.
  • 2001 - Build an entrepreneurship concept within the organization to allow Middle level Management to head business divisions, won large government orders in Kerala, stamping a firm foothold there.
  • 2002 - Establishes Delhi branch, Focus shifts to government segment and achieves 20% of business revenues through government tenders alone, Conceptualized RFID Division and started work.
  • 2003 - The entrepreneurship concept starts to pay dividends. A core team of 12 people forms the Management team to decide on all business issues, CTI Division started, huge orders received from telecom majors and government.
  • 2004 - Profit centre concepts gains more precision, management team becomes broader, First export order received by RFID team, Company’s turnover crosses Rs 50 crore, with more than 150 people.
  • 2005 - Became a Rs 100 crore company with 450 people across country, Establishes footprints in more than 25 locations across country, Traze RFID goes global - products exported to middle east and South Asia. First Indian exporter of RFID products. 
  • 2006 - Chennai-based networking, systems integration and RFID solutions acquired PointRed Technologies of US.
  • 2007 - Bags order from TNEB for BEST project towards computerization of 1,725 collection centers, acquires order worth Rs 57 crore from Punjab Government for supply, installation and maintenance of IT infrastructure for 2,085 government schools across state. Also enters into partnership with Chennai-based Midas Communication Technologies to execute the EDWAS project (broadband corDECT) for BSNL in Tamil Nadu, Karnataka and Haryana.
  • 2008 - Gemini communication acquires Veeras Infotek 

Recent Development:

Gemini Communication bagged an order from state-owned telecom major -- Bharat Sanchar Nigam (BSNL) -- to provide WiMax service in rural area of Gujarat. As per the deal, the company will cover 16 talukas of the state.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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