Showing posts with label Geodesic. Show all posts
Showing posts with label Geodesic. Show all posts
04 June 2012
14 April 2011
Geodesic: For decent gains :: Money Times
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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.
27 March 2011
Query Corner: United Spirits in medium-term slope- Business Line
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I have brought United Spirits at Rs 1,565. Should I hold or exit at current price?
H.P. Swamy
United Spirits (Rs 1,026.7): United Spirits was on a long-term uptrend from its January 2009 low of Rs 425 until it encountered resistance in the band between Rs 1,680 and Rs 1,700 in October 2010. However, the stock changed its trend and has been on a medium-term downtrend since. While trending down, it penetrated its significant long-term supports at Rs 1,400 and Rs 1,200 emphatically. Next long-term support is at Rs 900. Reversal from this support is possible in the medium-term. This can take the stock higher to Rs 1,200. Only a conclusive break through of this level will lift the stock higher to Rs 1,400 and then to Rs 1,500 in the long-term.
Long-term investors can hold the stock with stop loss at Rs 850. A strong tumble below Rs 850 can drag the stock down to Rs 700 and then to Rs 500 in the long-term. Inability to move beyond Rs 1,100 will pull the stock down to Rs 900 in the short-term.
Please provide long-term analysis on Bajaj Hindusthan purchased at Rs 240.
R.M. Kumarappan
Bajaj Hindusthan (Rs 72.2): After encountering resistance at its long-term resistance level of Rs 240 in January 2010, the stock price started to decline. And since then, Bajaj Hindusthan has been on a long-term downtrend, shaping lower peaks and lower troughs. Medium-term trend is also down for the stock from its November 2010 peak of Rs 144. This downtrend got accelerated and witnessed sharp declines after it breached its key support at Rs 98 in this January. The stock is currently testing its key long-term support at Rs 70.
Daily indicators are displaying positive divergence, suggesting that a trend reversal may be on the cards. A strong move above the immediate resistance at Rs 85 can take the stock higher to Rs 100, Rs 120 and then to its key long-term resistance level of Rs 150. The stock may find it difficult to surpass your purchase price of Rs 240.
We suggest you to switch from the stock. An emphatic close below Rs 66 is the indication of resumption of the downtrend and the stock can decline to Rs 50 and then to its March 2009 low of Rs 39 in due course.
I have bought shares of Essar Shipping at Rs 98. Can I hold the stock for six months?
Suresh Kumar Yadav
Essar Shipping Ports and Logistics (Rs 87.9): Essar Shipping has been trending higher since its March 2009 low of Rs 19.4. However, following a corrective decline from the resistance level of Rs 115, the stock found support at Rs 70 in late February 2011. Triggered by positive divergence, the stock resumed its uptrend and is currently testing resistance at Rs 90. Breakthrough of this level can take the stock higher to Rs 100, Rs 110 and then to Rs 120 in the medium-term. Investors with medium-term horizon can hold the stock with stop-loss at Rs 78. Subsequent, support for the stock is at Rs 70.
Long-term investors can hold the stock as long as it hovers above Rs 64. Decisive move beyond Rs 120 will lift the stock higher to Rs 140-Rs 150 range. However, slump below Rs 64 will drag the stock down to Rs 50, Rs 40.
I would like to purchase stocks of PVR. Please advise if the current price is a good price to buy for long-term investment? Also give target price for next 2-3 years.
Kumar T.K.
PVR (Rs 101): The stock has been on a long-term downtrend from its January 2008 peak of Rs 376 levels. After encountering resistance at Rs 193 in September 2010, the stock resumed its downtrend and has been on a medium-term decline since. However, the stock is now taking support above its long-term support band between Rs 85 and Rs 90. Reversal from this support band can lift the stock higher to Rs 115, Rs 132 and Rs 150 in the medium-term. Investors with a medium-term perspective can consider buying the stock with stop loss at Rs 85. Next resistance above Rs 150 is at Rs 200, and it is difficult to envisage a move beyond this level over the next two years. Long-term investors can hold the stock with stop loss at Rs 85 and exit it around the said resistance level.
On the other hand, inability to move higher from the support band will signal weakness and a strong close below Rs 85 can drag the stock to Rs 70 and then to its all-time low of Rs 57.5 in the medium-term.
Please let me know the medium- and long-term outlook for Moser Baer India and Lakshmi Vilas Bank.
Aboobacker
Moser Baer India (Rs 43.7): After peaking out around Rs 115 in June 2009, the stock started to decline and has been on an intermediate-term downtrend. Long- and medium-term trends are also down for the stock. On February 11, the stock recorded a multi-year low of Rs 37.3 and has been moving sideways forming a base in the range between Rs 37 and Rs 40. The stock's five per cent jump on Friday with extraordinary volume signals that the stock appears to have bottomed-out from a short-term perspective. It can rally to Rs 47 and then to Rs 52. Reversal from the second target will pull the stock down to its key support range mentioned above.
To mitigate the medium-term downtrend, the stock has to emphatically close above Rs 63. In that case, the stock can move higher to Rs 75. Significant long-term resistances are positioned at Rs 90 and Rs 115. Long-term outlook remains bearish for the stock as long as it trades below Rs 150.
Lakshmi Vilas Bank (Rs 96.7): The stock has been on a long-term uptrend from its all-time low of Rs 37 recorded in early 2009. In February 2011, the stock tested its significant long-term support level of Rs 90 and bounced up. As long as the stock trades above Rs 76, the long-term outlook remains positive and investors can stay invested while maintaining stop at this level. Immediate resistance for the stock is at Rs 105. Strong move above this level can take the stock higher to Rs 120 in the medium-term. In the long-term, the stock can rally to Rs 130 and then to its key long-term resistance level of Rs 140.
Failure to exceed above Rs 105 will pull the stock down and it can remain trading sideway between Rs 90 and Rs 105 before moving higher. A strong slump below Rs 90, however, will pull the stock down to Rs 84 and Rs 76 in the medium-term.
I bought Allied Digital Services at Rs 234 and Geodesic at Rs 119 respectively. Please let me know the long-term outlook for the stocks.
K. Parthasarathy
Allied Digital Services (Rs 90.9): Following a broad sideways consolidation in the range of Rs 200-Rs 270 from August 2009, the stock made a downward break through in November 2010. The stock's downtrend accelerated in February 2011 and retraced its entire up move formed in first half of 2009 before finding support at Rs 71. The stock has an important long-term support in the band between Rs 70 and Rs 80. It is currently trying to reverse from the support band.
The stock will face immediate resistance at Rs 100. A break through of this level will push the stock higher to Rs 120 and then to Rs 150, which is a key long-term resistance. We don't envisage a move beyond Rs 150 in the long-term. Investors can consider switching from the stock. Next key resistances are positioned at Rs 170 and Rs 190.
Geodesic (Rs 79.9): Geodesic has been broadly consolidating sideways in the range between Rs 70 and Rs 150 since early 2009. The stock can continue to move within the range in the long-term and investors can hold the stock with deeper stop at Rs 60, and exit there — the upper end of the sideways range. Medium-term trend is down for the stock from its 2010 peak of Rs 140. However, the stock found support around Rs 70 in early February and is attempting to move upwards. Medium-term investors can hold the stock with a stop at Rs 67. It can rally to Rs 90 and 100. Strong move above Rs 110 is required to mitigate the current downtrend
06 March 2011
Geodesic: Buy: Business Line,
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The going has been challenging for several mid-tier IT companies, even as the larger ones seem to have latched on to the revival momentum in client spends.
But others such as Geodesic, a mid-sized company that provides software products across devices and operates in a completely different segment compared to other software companies, have recovered significantly and have posted strong revenue and profit growth in this fiscal.
15 February 2011
IDFC research, GEODESIC LTD :: IDFC Emerging Stars Conference
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GEODESIC LTD
UNRATED (RS70, MCAP: RS6.3BN / US$138MN)
• Incorporated in 1999, Geodesic is a software-focused company offering unified communications tools related to CRM
applications for enterprises. One of its principal products, Geoamida, a biometric reader, is being used in several
eGovernance and financial inclusion projects. It has also developed social networking, voice messaging and
entertainment applications for retail subscribers. Geodesic’s growth has been aided by its ability to develop innovative
products for various consumer segments. The advent of 3G services and eGovernance projects in India are near-term
catalysts of growth.
• Business segments: Geodesic develops products or applications for two customer segments: I) Enterprise (including
government bodies), and ii) retail. With an employee base of 700+, it serves 148 enterprise customers across 12
countries in addition to the retail segment. Retail mix is expected to go up from 14% to 25% by FY13.
• Enterprise communication tool: A host of financial services companies in India and abroad like CLSA HK, IDFC,
Edelweiss, Daiwa, IIFL, Samsung Investments, etc, use Geodesic’s software and services based on Spyder
technologies. This unified communication tool embedded with the CRM product helps enterprises to analyze call logs
and saves communication costs by up to 40%.
• Mundu platform and other offerings: Geodesic launched the ‘mundu’ series of products to utilize the mobile
communication platform: 1) ‘mundu’ IM, an instant messenger suite; 2) ‘mundu’ SMS, with which the company
delivers ~400m SMS/year; 3) ‘mundu’ Radio (100+ channels) and mundu.TV (subscription-based mobile TV); and 4)
‘Spokn’, which is a mobile application for voice messaging and Internet telephony on the go, allows users to retain
international numbers (in 8 countries currently). All calls in India pass through Bharti Airtel’s network, while the
company has tie-ups with six international operators for its global services.
• Geoamida – the biometric device: Various versions of Geoamida – the biometric device developed based on the
Simputer technology, are being used in eGovernance (UID, PDS), financial inclusion and transportation (traffic police,
parking management). The estimated demand for the device is 4m over the next 2-3 years. Each device is priced at
~Rs20,000, with an estimated EBITDA margin of ~35%.
• Strong growth to continue: Geodesic reported FY10 revenues of Rs6.4bn with an operating margin of 43% (Rs2.8bn)
and net profit margin of 35% (Rs2.2bn). H1FY11 revenue and net profit were Rs4.1bn (up 30% yoy) and Rs1.6bn (41%
yoy) respectively. Geodesic is confident about maintaining 30-35% growth over the next 2-3 years with margins of 52-
55%. It has Rs9bn in cash reserves, as against outstanding FCCBs of Rs6.7bn.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
GEODESIC LTD
UNRATED (RS70, MCAP: RS6.3BN / US$138MN)
• Incorporated in 1999, Geodesic is a software-focused company offering unified communications tools related to CRM
applications for enterprises. One of its principal products, Geoamida, a biometric reader, is being used in several
eGovernance and financial inclusion projects. It has also developed social networking, voice messaging and
entertainment applications for retail subscribers. Geodesic’s growth has been aided by its ability to develop innovative
products for various consumer segments. The advent of 3G services and eGovernance projects in India are near-term
catalysts of growth.
• Business segments: Geodesic develops products or applications for two customer segments: I) Enterprise (including
government bodies), and ii) retail. With an employee base of 700+, it serves 148 enterprise customers across 12
countries in addition to the retail segment. Retail mix is expected to go up from 14% to 25% by FY13.
• Enterprise communication tool: A host of financial services companies in India and abroad like CLSA HK, IDFC,
Edelweiss, Daiwa, IIFL, Samsung Investments, etc, use Geodesic’s software and services based on Spyder
technologies. This unified communication tool embedded with the CRM product helps enterprises to analyze call logs
and saves communication costs by up to 40%.
• Mundu platform and other offerings: Geodesic launched the ‘mundu’ series of products to utilize the mobile
communication platform: 1) ‘mundu’ IM, an instant messenger suite; 2) ‘mundu’ SMS, with which the company
delivers ~400m SMS/year; 3) ‘mundu’ Radio (100+ channels) and mundu.TV (subscription-based mobile TV); and 4)
‘Spokn’, which is a mobile application for voice messaging and Internet telephony on the go, allows users to retain
international numbers (in 8 countries currently). All calls in India pass through Bharti Airtel’s network, while the
company has tie-ups with six international operators for its global services.
• Geoamida – the biometric device: Various versions of Geoamida – the biometric device developed based on the
Simputer technology, are being used in eGovernance (UID, PDS), financial inclusion and transportation (traffic police,
parking management). The estimated demand for the device is 4m over the next 2-3 years. Each device is priced at
~Rs20,000, with an estimated EBITDA margin of ~35%.
• Strong growth to continue: Geodesic reported FY10 revenues of Rs6.4bn with an operating margin of 43% (Rs2.8bn)
and net profit margin of 35% (Rs2.2bn). H1FY11 revenue and net profit were Rs4.1bn (up 30% yoy) and Rs1.6bn (41%
yoy) respectively. Geodesic is confident about maintaining 30-35% growth over the next 2-3 years with margins of 52-
55%. It has Rs9bn in cash reserves, as against outstanding FCCBs of Rs6.7bn.
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