Compucom Software ( CSL ) was founded in 1990 in New Jersey USA.It started its Indian Operations in 1994 in Jaipur, Rajasthan.The Co. opertaes in the following verticals:
1.Software Design, development and maintenance
2. IT Training and Education
3. e-Governance Initiatives
4. Resource Supplementation
5. BPO and Call Centre
6.Compucom Media, Jan TV
CSL has an equity of approx.Rs. 16 crores divided into 8 crore shares of Rs. 2 FV. Last 5 years the company has consolidated its position in Rajasthan , and because of Congress partisan politics against the Company whose MD Shri Surender K Surana is well known to be close to NAMO and active in local BJP circles , the company could not make much progress .However now the things have changed and with a new vision of our PM and a very dynamic HRD Minister Ms. Smriti Irani, Compucom is expected to take rapid strides in all the verticals its in..
- Annual Trends so far
Company is sitting on a large land bank, the expected value of which is more than its present market cap of less than Rs. 100 crores @ CMP of Rs. 12.2. BV of the share is approximately Rs. 15 and D/E ratio of less than 0.2. Long term loans are coming down. Company’s latest AR is vary candid in giving out the bright future of the company.Management pays dividend every year and this year too 20% dividend has been paid.Promoters equity stake in the company is very healthy at 72.7% plus 3.3% in employee welfare trust..
Buy is recommended at CMP ..
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