As I was looking for a stock that gives me good return , during that research I found a good stock named TRIGYN TECHNOLOGIES LTD.
Whats the role
- TRIGYN TECHNOLOGIES LTD (NSE:TRIGYN ) provides IT Staffing, Consulting, Solutions, Systems Integration, Digital Marketing and other services to its clients.
- TRIGYN TECHNOLOGIES LTD (NSE:TRIGYN ) is also associated with leading technology companies like Microsoft, EMC2, TIBCO® and IBM.Read more
What makes it distinct
- TRIGYN TECHNOLOGIES LTD (NSE:TRIGYN) helps their clients to improve ecommerce, helping them to manage their resources, also help to manage their infrastructure.
- Its robust business structure and focus on emerging verticals could provide edge to TTL over other IT services company.
Financial improvements
- Compound annual growth rate 21.6% during FY12 to FY16 (at Rs 625 crore)
- Profit after tax (PAT) during the same period has grown by 35% (to Rs 48.7 crore).
- Earnings before interest, tax, depreciation and amortization (EBITDA) has increased from 5.4% to 6.2%
- Return on equity (ROE) and Return on capital employed (ROCE) has been stable at13.2% and 21.8% in FY16
- Book Value per share grew by 37.5% CAGR over FY12 to FY16 to Rs 99.1
- Debtors Sales Outstanding (DSO) decreased from 114 days to 83 days in FY16.
- Total debtors as of March 31, 2016 stood at Rs 142crore (23% of sales) against Rs 154 crore (31.2% of sales) of March 31, 2015
Current financial position
| Market Cap. | : ₹ 355.54 Cr |
| Current Price | ₹ 119.55 |
| Book Value | ₹ 108.14 |
| Stock P/E | 8.19 |
| Dividend Yield | 0.00% |
| Face Value | ₹ 10.00 |
Balance sheet Insights
Trigyn Technologies has shown loss as on March 2016 but the good thing is that the board of directors has proposed to write off the Accumulated Losses (Source : HDFC Securities report, read more).Recent events and news
- Homiyar Panday, President-US Arm of Trigyn Technologies said that trump's policy will impact positively contrast to other Indian IT companies where it is very negative.read more
- Recently Trigyn Technologies has got 12 years contract from IT dept of Maryland, US.It is one of the signs that trump's policies does not have negative impact on Trigyn Technologies. In fact it is getting new big contracts from US.
- Trigyn Technologies has established its new office in New york, which is its third office in US. By this step it will get more opportunities in growing Government , NGO , non profitable organization areas
Conclusion
Till now Trigyn Technologies has shown good growth but I am waiting for the Q4 FY17 results, if that will show same growth then I would go for Trigyn Technologies for long term investment option.
I will update this post once Q4 FY17 results will come
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