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#KSOLVES 8th AGM Highlights
* In FY 2020-21, Total revenue & PAT saw an increase of more than 70%.
* Growth remain broad-based, esp in USA.
* No demand softening expected due to ongoing recession.
(1/n)
* In FY 2020-21, Total revenue & PAT saw an increase of more than 70%.
* Growth remain broad-based, esp in USA.
* No demand softening expected due to ongoing recession.
(1/n)
Future Growth
* Historically, Ksolves has grown at 45%. Expecting to grow at a higher rate than industry peers.
* Huge investment on resources being done on new technologies.
* Increased billing & Utilisation rate.
* Hybrid model of delivery being enacted.
(2/n)
* Historically, Ksolves has grown at 45%. Expecting to grow at a higher rate than industry peers.
* Huge investment on resources being done on new technologies.
* Increased billing & Utilisation rate.
* Hybrid model of delivery being enacted.
(2/n)
* Strong team maintaining a 24*7 presence in different events across the globe.
* Plan for a onshore DC in USA is under progress.
* Heavily invested in CYBER SECURITY space, to mitigate any business risk or security.
(3/n)
* Plan for a onshore DC in USA is under progress.
* Heavily invested in CYBER SECURITY space, to mitigate any business risk or security.
(3/n)
* New product launches is expected in coming quarters. This should be a good addition to the salesforce, Magneto & Odoo stores.
(4/n)
(4/n)
* Main board migration is expected to be happening in mid of September, pending for exchange approval.
* company publishes results on quarterly basis, though SME companies need to publish only on half yearly basis.
* Management has issues two bonus in last two years.
(5/n)
* company publishes results on quarterly basis, though SME companies need to publish only on half yearly basis.
* Management has issues two bonus in last two years.
(5/n)
* Management is committed to provide 70% of the FCF as dividend of use it for buyback, so as to reward the shareholders.
(6/n
(6/n
Concluding thought by @finoverse
* Product companies stand out from service based companies.
* ARR & MRR plays a huge role in the revenue generation.
* Client retention is key for a product company.
* Onshore DC should provide more mileage.
(7/n)
* Product companies stand out from service based companies.
* ARR & MRR plays a huge role in the revenue generation.
* Client retention is key for a product company.
* Onshore DC should provide more mileage.
(7/n)
* Digital push and need for digital products should a driving factor for ksolves.
* 100 cr quarterly turnover by FY26 end looks to be over ambitious, but would depend on new client addition.
* 25Cr in next two quarters shoild be achievable.
(8/n)
* 100 cr quarterly turnover by FY26 end looks to be over ambitious, but would depend on new client addition.
* 25Cr in next two quarters shoild be achievable.
(8/n)
* Management had been very positive on the AGM comments and its a positive sign that there is a huge trust on companies business.
* Expecting a re-rating of shares and price may a sharp movement in coming days, owing to the positive commentary from management.
* Expecting a re-rating of shares and price may a sharp movement in coming days, owing to the positive commentary from management.
(9/n)
Immediate support levels to add could be 457, 450, 439.
Verdict: βACCUMULATEβ
Verdict: βACCUMULATEβ
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