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Infinite Computer Solutions (India) Ltd. Stock Analysis

Small Cap
Evaluated by 784 users | BSE: 533154 | NSE: INFINITE |
IT - Software
The Company was originally incorporated as Infinite Computer Solutions (India) Private Limited on September 06, 1999 under the Companies Act, 1956 at Mumbai. Subsequently the Company was converted into a public limited company and received fresh Certificate of Incorporation dated February 14,...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 27.09%12.97%25.69%32.39%15.96%20.77%15.72%16.36%12.45%8.72%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 182223345446365415429383423485
Y-o-Y Gr. Rt.-22.7%54.3%29.3%-18.2%13.9%3.2%-10.6%10.5%14.6%
Adjusted EPS (Rs.) 11.917.6717.0327.8117.4825.7523.4128.7321.8616.93
Y-o-Y Gr. Rt.--35.6%122%63.3%-37.1%47.3%-9.1%22.7%-23.9%-22.6%
Book Value per Share (Rs.) 58.8263.1469.82102.59112.05135.67157.84167.31187.44204.35
Adjusted Net Profit 52.433.772.511870.710390.69572.956.5
Net Op. Cash Flow (Rs. Cr.) 46.920.638.449.736.891.410211619.253.5
Debt to Cash Flow from Ops 0.030.240000000.020.07
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.
Infinite Computer Solutions (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.5%5.9%4.2%14.6%
Adjusted EPS 4%-0.6%-10.2%-22.6%
Book Value per Share 14.812.899
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 27.1612.5825.2232.2615.8920.7215.6816.3212.388.64
Operating Profit Margin (%) 36.8617.5322.132.9824.8930.1427.1333.0122.5515.58
Net Profit Margin (%) 28.7715.121.0226.5519.3824.921.1524.7717.2211.64
Debt to Equity 0.010.0200000000.01
Working Capital Days 208223204213320312335384366346
Cash Conversion Cycle 9658354185798096106116
Entity Percentage Holding
Promoters 74.98%
Institutions 1.99%
Non-Institutions 23.02%
Pledged *0.000.000.000.000.000.000.000.000.0011.38
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

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The Company was originally incorporated as Infinite Computer Solutions (India) Private Limited on September 06, 1999 under the Companies Act, 1956 at Mumbai. Subsequently the Company was converted into a public limited company and received fresh Certificate of Incorporation dated February 14, 2008 in the name of Infinite Computer Solutions (India) Limited from the Registrar of Companies NCT Delhi and Haryana.

On March 2, 2004 the company entered into a Stock Purchase Agreement with

The Company was originally incorporated as Infinite Computer Solutions (India) Private Limited on September 06, 1999 under the Companies Act, 1956 at Mumbai. Subsequently the Company was converted into a public limited company and received fresh Certificate of Incorporation dated February 14, 2008 in the name of Infinite Computer Solutions (India) Limited from the Registrar of Companies NCT Delhi and Haryana.

On March 2, 2004 the company entered into a Stock Purchase Agreement with WhiteRock Investments I Ltd., a company incorporated in British Virgin Island Company. Pursuant to the agreements, WhiteRock agreed to subscribe and the Company allotted 4818 equity shares and 43360 convertible preference shares of Rs.10/- each at a price of Rs.5453.50 per share. Subsequently WhiteRock Investments I Ltd assigned these rights to WhiteRock Investments (Mauritius) Ltd. The convertible preferences were converted into equity shares on November 16, 2005.

During the year 2005-2006, the company acquired Datagrid Services Pvt. Ltd (a BPO company based out of Hyderabad) to diversify the business into new revenue segment with an intent to de-risk the business model. The Company was renamed as Infinite BPO Private Limited.

During the year 2007-2008, Infinite Computer Solutions Inc, USA the wholly owned subsidiary acquired Comnet International Co. USA, a telecommunication focused product development Company based in Chicago, USA through a 100% Stock Purchase. The ownership of the same was transferred on August 8, 2007.

During the financial year 2007-08, the company decided to divest the investments from Infinite BPO Private Limited and the same was sold.

The company has three main service offerings - Infrastructure Management, Intellectual Property (IP) leveraged solutions and IT services focused on the Telecom and Media, Technology, Manufacturing, and Healthcare industry. The base services span from application management outsourcing, packaged application services, independent validation & verification, and product development & support to higher value added offerings including managed platform and product engineering services.

The telecommunication-specific services and solutions to Telecom OEMs and ISVs include product engineering and lifecycle management services relating to telecom equipment used in areas such as transmission, switching, access and Operational Support Systems (OSS), in both legacy and next generation networks. The solutions for Telecom Service Providers range from consulting on business & operating processes to the development of their BSS and OSS systems, as well as, the integration of those systems with the underlying network technologies.

Infrastructure Management Services (IMS)-  The company provides onsite as well as remote Telecom and IT infrastructure management and technical support to enterprises in order to help reduce their cost of operations and provide continuous monitoring and management services. The company offers full range of services for remote management of the clients’ hardware & network infrastructure, applications & telecom infrastructure platforms and products. The company offers multichannel (email, web, chat and voice) and multi-level support (Level 1, Level 2 and Level 3).

Telecom Infrastructure Management Services (TIMS) - The Telecom Infrastructure Management Services are a mature offering from Infinite for medium to large telecom service providers in the wireline, wireless, VOIP, triple play (voice data TV), quadruple play(triple play along with wireless) and satellite- based service businesses.

The Application Management Outsourcing (AMO) services takes over the management, development and maintenance of IT applications for the clients. The company provides various levels of support for Applications Management Outsourcing and enhancement ranging from handling initial service desk queries and correcting application errors, to preventive maintenance, for both packaged and custom application systems.

OEM/ISV Service Offerings

  • Product lifecycle management for OEMs/ISVs
  • Product lifecycle management for BSS/OSS ISVs
  • Product lifecycle management for CRM ISVs

The company has a global presence and has been increasing the geographical footprint in an aggressive manner. The company has established the presence in most of the large Telecom & IT Services markets of the world with offices in the U.S. in multiple locations, as well as in the U.K., India, Singapore, Malaysia and China. The company has also been growing the development centers in India as well as abroad. The company including the subsidiaries currently has four development centers in India - in Bangalore, Chennai, Gurgaon & Hyderabad. The main campus in India is housed in Whitefield, Bangalore in an area of approx. 4.48 acres. The company has also been allocated 4.87 acres of land in the Special Economic Zone (SEZ) in Hyderabad and plans to build an alternative campus there. The following depicts the geographical reach of the development centres and offices.

Different subsidiaries of the company:

The company is having following Wholly Owned Subsidiaries (WOS)

  • Infinite Computer Solution Inc. – US
  • Infinite Computer Solutions Pte. Ltd. - Singapore
  • Infinite Computer Solutions Sdn, Bhd, - Malaysia
  • Infinite Computer Solutions (Shanghai) Co. Ltd. - China
  • Infinite Computer Solution Ltd. – UK
  • Infinite Australia Pty Ltd.
  • Comnet International Co. US – Subsidiary of Infinite Computer Solution Inc. – US
  • India Comnet International Private Limited - Subsidiary of Comnet International Co. US
  • Infinite Infosoft Services Private Limited
  • Infinite Data Systems Private Limited
  • Infinite Data Systems UK Limited

Milestones:

  • FY 1999-00- Started operations in New Delhi
  • FY 2000-01 - Inauguration of Bangalore Development Centre- Started Operation in USA
  • FY 2001-02 - Assessed at ISO 9001:2000 Assessed at SEI – CMM Level 3
  • FY 2002-03 - Assessed at SEI – CMM Level 5- E&Y Entrepreneur of the year award- Ranked amongst NASSCOM’s Top 20 Indian IT Companies
  • FY 2003-04 - Deloitte & Touche Fast 50 award- Allotment of 4.50 acres of land by KIADB in EPIP Zone at Whitefield, Bangalore- Funding of US$ 6M from WhiteRock Investments (Mauritius) Limited- Initiated operations in UK
  • FY 2004-05 -    Assessed at SEI – CMMi Level 5- Ranked 50th in IDC – Dataquest Survey of Top 20 Indian IT Companies- Ranked among Deloitte Technology Fast 500 Asia Pacific Winners- Listed among Offshore 100 in neoIT 2005 Offshore 100 study- Inauguration of Whitefield Campus- Started operations in Malaysia and China
  • FY 2005-06 -   Setup of Development Centre at Hyderabad
  • FY 2006-07 -   Recognized as one of the Top 100 Global Outsourcing Provider in 2006 by the  International Association of Outsourcing Professionals (IAOP)- Recognized as one of the Top 10 Global Telecom Outsourcing Provider in 2006 by the International Association of Outsourcing Professionals (IAOP)- ISO 27001:2005 by BSI
  • FY 2007-08 -  Acquired Comnet International a US based telecom Solutions Provider.- Started Operations in Australia
  • FY 2008-09 - Signed Fujitsu as a Strategic Client- Started Development Centre in SEZ Chennai
  • FY 2009-10 - Started operations at Gurgaon in SEZ premises (through 100% Subsidiary)
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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