This company has been consistently outperforming the market for the past five years. What would you say about a company that almost doubles turnover and net profit every year for the past 5 years. It is very investor friendly too. 5 (may be four) stock splits in the past 6 years. Y2k revenue this quarter has been only 12%(qtr ending June 30, 1999) whereas e.commerce based revenue is 6% of the first qtr earnings. The net profit more than doubled in the first qtr of 1999-2000. Even if you take out the exchange rate fluctuation and interest on ADR money the net profit has still grown from 23 crores to 48 crores (106%). The ADR ic currently quoted at $66. By December 1999 I see this crossing $100. By then the stock in India would be close to Rs.5500. This company should never be compared with Satyam, Pentafour etc. This is of a different class tortally. This company was the first to bring about total disclosure to the Indian public, follows GAAP accounting principles since inception, first to introduce ESOP etc etc. By getting into E.commerce I see a great future for the company. A must for every serious investor.
Check out the company called U.S. Funding. I invested in their private offering for Emsanet - A new Internet service provider. When I called U.S. Funding they told me that Emsanet should be a profitable investment because they only charge $12 a month for service, have zero debt, plan to be profitable before they go public & plans to pay dividends before they go public. They are selling 1,000,000 shares at $3.50 a share with a minimum investment of $3,500. The company plans to go public at the beginning of 2000 at around $20 a share. You can contact them by calling toll free (888) 999-8068 or you can e-mail them at firstname.lastname@example.org If you e-mail them include your daytime phone number.
Gross Sales for 1999-2000 would be around Rs.1050 crores. PAT would be around Rs.275 crores. The net profit margin would be slightly better at 27%. On an equity of Rs 33 crores the EPS will be around Rs.81. The current Indian Market price of Rs 4625 discounts the earnings for FY99-00 by 58 times. Do not underestimate the potential of E.Commerce. Add better discounting for that and on a conservative estimate we are talking of a price of Rs6000 in 4 to 5 months from now. Buy in India and not here. Two ADR's equals one Indian Share. This works out to $170 per Indian share. That translates to Rs.7300 per share. Compare at Rs.4625 which is yesterday's close on the NSE. The Indian stock is quoting at approx 40% discount. Be smart, buy in India.
$1.00 is equal around Rs. 43.30 and this stock is trading IN INDIA BOMBAY stock ex.around Rs.4105.00 and in USA this stock's value is HALF from india as this ADR'S CONDITON SO HOW WE JUSIFY THIS AROUND $76.00 STOCK'S PRICE I THINK IT SHOLUD BE $ 48.00 ONLY . so if some one has any clue about this stock please tell Thanks.
Currency depreciation accounts for the phenomenal increase beyond the analysts projections. I dont think the currency depreciation, per se, in the accountable qtr is substantial. Meagre it may be, see the effect in the NET! ZOOOOOOM it goes! With the currency not undergoing substantial dep in the last year, it is expected to depreciate faster in the next 1 year time frame..
Look where the profits will be, with another 5% depreciation..
SCEPTICS HAVE BEEN PROVED WRONG AGAIN!!
Scared by Y2K "scare" posting and comparing apples with oranges, faint-hearted left the hallway before the party began.
We will never see a posting on P/E being high, and "numbers" comparison with Compuware and Keane. 'Cos, no can beat the INFY growth rate...phenomenal rate of over 75%....year after years..
Stay with the category leader and refrain from comparing apple and oranges!!!
CHEERS to INFY LONGS!!! Must be busy partying now :)