Friday, 28 October 2016

OUR DIWALI PICK ........... TRIGYN TECHNOLOGY LIMITED (DEBT FREE COMPANY + FASTEST GROWING COMPANY @ 24% CAGR)


Trigyn Technologies is a 1500 people+ IT company with offices in USA (Washington DC, New Jersey, Massachusetts), Germany and Switzerland. Development centers****in Mumbai and Bangalore. For more info check http://www.trigyn.com16

PRESENT DAY NUMBERS
CMP: Rs 123 Market cap: 367 crores BV: 102 FV: 10
Cons revenue FY 16: 625 cr (FY15 493 cr) Net profit FY 16: 38.50 cr (FY15 24.45 cr) EPS FY 16: Rs.13

BRIEF HISTORY
Originally incorporated in 1986 as "Leading Edge Systems Ltd". IPO in year 1995 at Rs 50 per share. Bonus issue of 1:1 in year 1998.Name changed to "Trigyn Technologies Ltd" in year 2000.
MULTIBAGGER POTENTIAL
Company on a growth track:
1). Consistent business performance 
2). Consistent growth in financials during last 20 quarters
(FY08 cons revenues 119 cr, NP 7 crFY16 cons revenues 625 cr, NP 38.50 cr)
3). Company achieves 50% increase in net profit on consolidated basis for quarter ended June 30, year 2016
4). Recruiting technical staff aggressively (check the job sites)
5) DEBT FREE COMPANY
6) GROWING AT RAPID PACE
7) 5 YEARS COMPOUNDED SALES GROWTH OF 22%, PROFIT GROWTH OF 23.15%

VALUATIONS
CONSOLIDATED SALES - 625 Cr
MARKET CAP - 367 Cr

Normally IT companies trades in a band of 2-4x of its sales or Revenue. This Company is trading at half of its consolidated Revenue.

MY TAKE
Trigyn is a turnaround story on a stable footing. Experienced promoters, competent management, consistent performance and steady growth. Mostly ignored,deeply undervalued, under researched company with robust fundamentals. US and Europe recovery, weak currency, IT sector bullishness are positives for the company. A strong potential multibagger. BUY ON DIPS ( Because stock Moved 2x in last one year )

#CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING IN IT 

JAI SHREE SHYAM!!


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