Tuesday, July 7, 2020

AXISCADES Engineering Technologies Ltd – A Multiplyer

AXISCADES Engineering Technologies Ltd closes   at 61.95  with  a  Gain   of   + 5.00    on    06-July- 2020   with formation of  a  Long Red  Candle on Daily  Price Chart.

About the Company : AXISCADES Engineering Technologies operates in the business of Engineering Design Services.
The Company  has posted Net Sales / Revenue   of 672.90 & Net Profit  of 30.30 Cr in FY2020 and expected to post Net Sales / Revenue   of 731.70 Cr & Net Profit of 31.90  Cr in FY2021 and Net Sales / Revenue   of 805.10 Cr & Net Profit of 39.30Cr in FY2022 .
Valuations  :  The Company is now Trading at X 0.50  of its Value. We have valued the company with its  expected Financial Year 2020 earnings  , which is now almost  ~50%  Discount  to its value and  X 0.43   of its FY 2021 earning with a Discount   of ~57%   and X 0.35 of its FY 2022  earning with a Discount  of ~ 65% .
Strengths : 1. Cash Generated from Operations: 1.75x growth to INR 649 Mn vs 371Mn.
2.The company bagged 2 multiyear, multi-million contracts. The company bagged 2 multiyear, multi-million contracts.
1.        Expanded relationship with prestigious European systems OEM to USD 10 Mn.
2.     Added 9 new customers during the year mostly in heavy engineering and in automotive domain. Some of the customers have the potential to translate into USD 1 Mn+ accounts in the near future.

The Fare Value of Equity Per Share is 144 for FY2021 and 176 for FY2022.
Disclaimer : We are / may going to take exposure shortly.
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