DSIJ Mindshare

Intrasoft Technologies Limited buzzing on bourses

Intrasoft Technology Limited (ISTL) has been outperforming markets handsomely for past 1 year. The stock is trading at a P/E of 87 and trading at a huge premium to its peers viz., NIIT technologies and Tata Elexi. NIIT technologies is trading at 20.80 P/E and Tata Elxsi is trading at 36.01 P/E multiple.

ISTL is promoted by Mr. Arvind Kajaria and and Mr. Sharad Kajaria. The company has shown extraordinary growth by clocking 12x growth in revenues since it has been listed on NSE & BSE. The stock got listed on bourses in the year 2010. 
Intrasoft technologies Limited is in the business of providing back ended IT enabled services to its subsidiary companies – “123stores.com” & “123greetings.com”. The company sells approximately 200,000 products from over 1,300 brands on the Internet under the brand name “123stores”. The E-Commerce Portal offers customers direct access to a vast selection of products, superior customer service, convenience of fast delivery and low affordable prices. ISTL has strategic partnerships with Amazon.com & Ebay.com and others.

www.123greetings.com is the world’s leading online destination for human expressions reaching 95 million visitors annually. Its offering of over 42,000 ecards across multiple languages covers a mix of 3,000 seasonal & everyday categories. Its presence is ubiquitous with its Mobile App, Mobile Website and Facebook App catering to users on mobile and social media respectively.

123stores.com was Launched in 2009. It was ranked 392 on Internet Retailer 500 in 2015. Also ranked 1654 on Inc. 5000 fastest growing US company. 123stores.com has been judged 13th fastest growing online retailer in the US  and adds 10,000 new products every month. The top 5 product categories by revenues (FY2014-15) are :- 
Furniture, Patio, Lawn & Garden 41%
Musical Instruments & Gadgets 14%
Home Improvement & Art Crafts 13%
Kitchen, Dining & Appliances 10%
Toys, Games & Baby 08%

Revenues for the company jumped from Rs. 128 Crores in FY2013-14 to Rs. 323 Crores in FY2014-15.The stock is buzzing on bourses and has delivered stellar returns. ISTL a company with 523.42 crores as market capitalisation has delivered 561 percent returns on YTD basis. In one month the returns have been 13.41 percent whereas the Sensex IT has delivered negative 3.42 percent. For a three months period the stock has delivered 56 percent returns and for 1 year period the stock has delivered 672 percent returns. On a 3 year basis the stock has delivered annualized returns of 91.36 percent. Investors are well advised to track developments in this counter. 

 

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