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Geodesic: For decent gains
The share of Geodesic Ltd (Code: 503699) (Rs.89.75) is recommended for steady appreciation in the long-term based on its strong fundamentals and improving results.
Geodesic started on 8 July 1999 as Geodesic Information Systems Pvt. Ltd and is an innovator in software products focused on Information, Communication and Entertainment for mobile phones and desktop computers under the 'Mundu' brand name for the retail segment. Headquartered in Mumbai, Geodesic's ‘Mundu’ suite of award-winning products include solutions for Instant Messaging, Voice-over-IP (VOIP) and Internet Radio. The company has offices in Mumbai and Bangalore in India, USA (Silicon Valley), Sweden, Hong Kong and Singapore.
Geodesic continues its growth momentum for over a decade and along with its subsidiaries has been posting a good performance consistently. It claims to be a global corporation with 5 subsidiaries, 6 step down subsidiaries and 2 associate companies, both in India and abroad.
The company designs and markets mobile communication and Internet devices. These devices are pre-loaded with its communication and collaboration software to address last mile connectivity issues and remote data processing by Governments, Banking and Micro-finance companies.
Geodesic offers its unique enterprise solutions to and derives its revenues from Enterprise customers including Banking & Financial Services Institutions (BFSI), Portals and Publishers, State and Central Government, Telecom Network Operators, Handset Manufacturers, Educational Institutions, Small/Medium & Large Enterprises. Its strong Business Development team ensures that the company reach out to enterprises across the globe using a combination of a direct sales team and system integrators / partners/ value added resellers.
Its ‘Mundu’ range of products are retailed across www.mundu.com, multiple application stores including Nokia's Ovi Store, Apple's App Store, Palm Store, Blackberry Stores etc. Geodesic launched Spokn- its Internet telephony product across www.spokn.com and application stores. Its products command great editorial and user reviews besides winning GSM Asia, PC Magazine and C:net awards.
Geodesic's exhaustive list of products and services are mostly derived out of Continuum and address multiple market segments. The company acquired retail consumers through several channels including a network of Application Stores, Portals and Publishers, Mobile Device Manufacturers, Telecom Network Operators and its own websites. It licenses and white labels its products and services wherever necessary.
Geodesic and its subsidiaries launched IM and radio services across several telecom network operators, portals and handset vendors, providing itself an opportunity to address over 350 million potential subscribers for its range of products and services.
During FY10, it added several clients comprising Indian State and Central Governments, Telecom Network Providers, System Integrators, Handset Manufacturers, BFSI, Education Institutes, Portals & Publishers, Micro-Finance Companies among others. It incorporated Geodesic GridPoint Energy Pvt. Ltd. to address the growing concerns of energy losses in the transmission & distribution systems.
During FY10, it posted 15% lower consolidated net profit of Rs.223.7 crore on 2% lower sales of Rs.637 crore and the EPS stood at Rs.24.3. During Q3FY11, consolidated net profit shot up by 48% to Rs.87.5 crore on 48% higher sales of Rs.225 crore. For the first nine months of FY11, its net profit shot up by 41% to Rs.252 crore on 36% higher revenue of Rs.636 crore yielding a consolidated nine monthly EPS of Rs.28.
Geodesic’s equity capital as on 31 March 2010 was at Rs.18.5 crore and with reserves of Rs.900.7 crore, the book value of its share works out to Rs.99.4. The promoters hold 23.2% in the equity capital, foreign holding is 44.9%, Institutional holding is 1.2% and with PCB holding of 9.7% leaves 20% with the investing public.
The company’s business has grown rapidly over the past decade and its strategy of partnering with like minded companies, system integrators, popular web stores in distributing its products has resulted in consistent revenue and earnings growth. It plans to continue with this strategy of partnering with similar enterprises in FY11.
Geodesic plans to undertake 7 State E-governance projects independently. It has forged a major alliance with Zee Entertainment Enterprise to form a new company, ITM Digital Pvt. Ltd., to address the growing needs of consumers to converge entertainment and information on multiple digital devices and on three screens (TV/desktop/Mobile) that consumers are used to.
It will be investing heavily in building the necessary system and network infrastructure required to manage the growth. It will develop new products and services in the space of unified communications and collaboration on mobile phones and other digital devices. The company and its subsidiaries have added over 45 new customers in FY10 and hopes to continue the trend in future as well.
For FY11, Geodesic may post a consolidated EPS of Rs.35, which would further go up to Rs.37 in FY12. At the CMP of Rs.89.75, its share is traded at a P/E multiple of 2.5 on FY11 estimated earnings and 2.3 times FY12 earnings. A conservative P/E ratio of even 3.5 will take its share price to Rs.122 in the medium-term and will fetch a gain of over 45%. The 52-week high/low of the share has been Rs.143/67.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Geodesic: For decent gains
The share of Geodesic Ltd (Code: 503699) (Rs.89.75) is recommended for steady appreciation in the long-term based on its strong fundamentals and improving results.
Geodesic started on 8 July 1999 as Geodesic Information Systems Pvt. Ltd and is an innovator in software products focused on Information, Communication and Entertainment for mobile phones and desktop computers under the 'Mundu' brand name for the retail segment. Headquartered in Mumbai, Geodesic's ‘Mundu’ suite of award-winning products include solutions for Instant Messaging, Voice-over-IP (VOIP) and Internet Radio. The company has offices in Mumbai and Bangalore in India, USA (Silicon Valley), Sweden, Hong Kong and Singapore.
Geodesic continues its growth momentum for over a decade and along with its subsidiaries has been posting a good performance consistently. It claims to be a global corporation with 5 subsidiaries, 6 step down subsidiaries and 2 associate companies, both in India and abroad.
The company designs and markets mobile communication and Internet devices. These devices are pre-loaded with its communication and collaboration software to address last mile connectivity issues and remote data processing by Governments, Banking and Micro-finance companies.
Geodesic offers its unique enterprise solutions to and derives its revenues from Enterprise customers including Banking & Financial Services Institutions (BFSI), Portals and Publishers, State and Central Government, Telecom Network Operators, Handset Manufacturers, Educational Institutions, Small/Medium & Large Enterprises. Its strong Business Development team ensures that the company reach out to enterprises across the globe using a combination of a direct sales team and system integrators / partners/ value added resellers.
Its ‘Mundu’ range of products are retailed across www.mundu.com, multiple application stores including Nokia's Ovi Store, Apple's App Store, Palm Store, Blackberry Stores etc. Geodesic launched Spokn- its Internet telephony product across www.spokn.com and application stores. Its products command great editorial and user reviews besides winning GSM Asia, PC Magazine and C:net awards.
Geodesic's exhaustive list of products and services are mostly derived out of Continuum and address multiple market segments. The company acquired retail consumers through several channels including a network of Application Stores, Portals and Publishers, Mobile Device Manufacturers, Telecom Network Operators and its own websites. It licenses and white labels its products and services wherever necessary.
Geodesic and its subsidiaries launched IM and radio services across several telecom network operators, portals and handset vendors, providing itself an opportunity to address over 350 million potential subscribers for its range of products and services.
During FY10, it added several clients comprising Indian State and Central Governments, Telecom Network Providers, System Integrators, Handset Manufacturers, BFSI, Education Institutes, Portals & Publishers, Micro-Finance Companies among others. It incorporated Geodesic GridPoint Energy Pvt. Ltd. to address the growing concerns of energy losses in the transmission & distribution systems.
During FY10, it posted 15% lower consolidated net profit of Rs.223.7 crore on 2% lower sales of Rs.637 crore and the EPS stood at Rs.24.3. During Q3FY11, consolidated net profit shot up by 48% to Rs.87.5 crore on 48% higher sales of Rs.225 crore. For the first nine months of FY11, its net profit shot up by 41% to Rs.252 crore on 36% higher revenue of Rs.636 crore yielding a consolidated nine monthly EPS of Rs.28.
Geodesic’s equity capital as on 31 March 2010 was at Rs.18.5 crore and with reserves of Rs.900.7 crore, the book value of its share works out to Rs.99.4. The promoters hold 23.2% in the equity capital, foreign holding is 44.9%, Institutional holding is 1.2% and with PCB holding of 9.7% leaves 20% with the investing public.
The company’s business has grown rapidly over the past decade and its strategy of partnering with like minded companies, system integrators, popular web stores in distributing its products has resulted in consistent revenue and earnings growth. It plans to continue with this strategy of partnering with similar enterprises in FY11.
Geodesic plans to undertake 7 State E-governance projects independently. It has forged a major alliance with Zee Entertainment Enterprise to form a new company, ITM Digital Pvt. Ltd., to address the growing needs of consumers to converge entertainment and information on multiple digital devices and on three screens (TV/desktop/Mobile) that consumers are used to.
It will be investing heavily in building the necessary system and network infrastructure required to manage the growth. It will develop new products and services in the space of unified communications and collaboration on mobile phones and other digital devices. The company and its subsidiaries have added over 45 new customers in FY10 and hopes to continue the trend in future as well.
For FY11, Geodesic may post a consolidated EPS of Rs.35, which would further go up to Rs.37 in FY12. At the CMP of Rs.89.75, its share is traded at a P/E multiple of 2.5 on FY11 estimated earnings and 2.3 times FY12 earnings. A conservative P/E ratio of even 3.5 will take its share price to Rs.122 in the medium-term and will fetch a gain of over 45%. The 52-week high/low of the share has been Rs.143/67.
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