Sector-Specialty Retail software
Market Cap.: 23,899.83 Cr.
Stock P/E: 41.33
Business Model:
India's largest e-Governance player with over 20 years of domain experience in the entire spectrum of the Government's
National e-Governance plan – right from data digitization to
technology management in delivering large-scale and complex in nature e-Governance projects. Provide various services to rural India as pointed out later section.
National e-Governance plan – right from data digitization to
technology management in delivering large-scale and complex in nature e-Governance projects. Provide various services to rural India as pointed out later section.
Price performance:
Technical trend shows UP.
Sales and profit growth performance:
Business Outlook:
- BFSI Services
- A retail house offering banking and financial services to India's unbanked population and the last mile link connecting India's urban and rural citizens with its modern ecosystem.
- They have received an exclusive mandate to offer banking services at these Vakrangee Kendra.
- They have signed an agreement with 31 banks, including 26 public sector banks such as State Bank of India, Punjab National Bank and Bank of India for Common BC & with 8 Banks for National BC Agreement such as Bank of India, Punjab National Bank, Union Bank of India & Bank of Baroda.
- Vakrangee Limited
- G2C Services
- Empanelled by the Government of India to offer an exclusive portfolio of several Government-to-Citizen services (G2C) at the Gram Panchayat level.
- Portfolio of G2C Services includes payment of taxes and levies, collection services (recruitment application processing), grievance management, and issuance of certificates (providing railway tickets and exam hall-tickets), among other services.
- Vakrangee Limited
- B2C Services
- Provide end-to-end e-Commerce solutions to our customers with the sole objective of connecting India's rural citizens with the modern ecosystem.
- Service delivery in the B2C segment includes mobile recharges in the telecommunications space and top-up Direct-to-Home (DTH) services and recharge coupons in the DTH segment. They have partnered with 17 Telecom Operators and 3 DTH providers (Tata Sky, Videocon and Dish TV) of home entertainment.
- E-Governance Projects
- Some of the e-Governance projects currently engaged in are: PDS, UIDAI, CSC, FI, IGRS, among others.
Downside:
- Company has provided impressive growth rate but price has factored the growth story.
- The impressive growth story has a solid stamp of Modi government. If current government fails (I hope not) to retain power in next term, majority of these projects would face slow execution.
Happy Investing !
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