Quess Corp Ltd closes
at ₹ 221.55 with a Gain of +5.0 % on 29-May- 2020
with formation of a Small Green
Candle on Daily Price Chart.
The company is has post Net
Sales of Rs.10991.50 Cr & Net Loss of Rs.-431.87 Cr in FY2020 and and
expected to Post Net Sales of Rs. 10828.30 Cr & Net Profit of Rs.336.80
Cr in FY2021 & Net Sales of Rs.13261.0
Cr & Net Profit of Rs.396.40 Cr in FY2022.
Why in Focus : Quess Corp is engaged in the business of providing services in
technology solutions, people services, facility management, industrial and
internet business. The company is pursuing cost optimization to conserve cash.
In April, it reduced its indirect cost by around 20 per cent and drew
additional credit line of Rs 100 crore to meet liquidity related issues & decided
not to take up any low margin new training programme with the government for
now. They are to reduce exposure to low margin IT staffing and focus on the
high margin segments.The cos has recently drawn Rs.100Cr addition line of
credit to meet any liquidity crunch.
Source : Media Reports.
Valuations : The Company is now
Trading at X -0.45 of its Value. We have valued the company with
its full Financial year 2020 earnings ( PAT ), which is now almost ~150% Discount
to its value & X0.52 of its FY2021 earning with a Discount of ~48% and X 0.49 of its FY2022 earnings with a Discount of ~51% .
Its Best Price at X1 EPV to Past Reference is Rs.227.90.
Disclaimer : We are / may going to take exposure shortly.
The
author tracks economic, behavioural and corporate tends, hoping to gauge good
avenues of return based on Fundamental Valuations of Stocks, a follower of EPV
method. You can reach me/us at |
Twitter # NiftyNext1 | e-Mail :
Mail@NiftyNext.Com | Tel +91 8802230836 | Telegram # TheNiftyNext |
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