Stock Split Likely & 39,000 Per Cent Returns: Debt-Free Multibagger Stock In Focus As Company Secured Multi-Year Contracts Of Rs 250 Million

Kiran Shroff
Stock Split Likely & 39,000 Per Cent Returns: Debt-Free Multibagger Stock In Focus As Company Secured Multi-Year Contracts Of Rs 250 Million

Over the past year, the stock has delivered multibagger returns of 7,050 per cent and over 3 years, it has surged by an astonishing 39,000 per cent.

Eraaya Lifespaces Limited announced significant business updates, highlighting that its Indian subsidiary EbixCash Global Services (ECGS) has successfully secured mulƟ-year contracts with an "Annual Contract Value" of Rs 250 million (Approx). These contracts encompass business operations, process management, and customer care services across various sectors, including healthcare, e-commerce, agriculture, banking, financial services and insurance (BFSI) and telecom.

The recently secured contracts by EbixCash Global Services include:

Telecom Sector: ECGS will be facilitating Tata Tele Business Services, enhancing the sales & customer service operations.

E-Commerce Sector: Improving the user experience and transaction efficiency for Rozgar.com and leveraging AI Technology for sales and customer service in personalized cosmetic products while teaming up the leader in the DTC E-Commerce space IncNut Lifestyle with the brands “Vedix” and “Skinkrao” offering customized ayurvedic hair care and skincare solutions, transforming the beauty and wellness industry through data-driven, individualized care.

Healthcare Sector: Securing contracts with Sahyadri Hospitals, one of India’s leading hospital chains, to optimize patient management and service delivery, along with emergency response operations

Automobile Segment: Partnering with a prominent automobile organization to focus on customer lifecycle management.

These new contracts are expected to deliver significant value to clients and foster sustainable growth for Ebix. Currently, EbixCash Global Services operates with a capacity of 6,000 seats across 10 cities and 13 centers, employing around 4,500 Full-Time Equivalents (FTEs). They provide front and back-office services to various clients in the utility sector, including BSES Yamuna, several public-sector units, private-sector banks, and non-banking financial companies (NBFCs). With long-term client relationships averaging over seven years, the company aims to expand its workforce to 11,000 by December 2025.

Additionally, The company informed the exchange that a meeting of the Board of Directors of Eraaya Lifespaces Limited is scheduled to be held on Saturday, October 19, 2024, in New Delhi to transact, inter-alia, to decide regarding stock split/division in the nominal value of equity shares of Eraaya Lifespaces Limited to enhance liquidity and encourage better investor participation.

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Stock Updates

On Monday, shares of Eraaya Lifespaces Limited gained 2.4 per cent to Rs 2,975 per share from the previous day's close of Rs 2,905.30 The stock’s 52-week high is Rs 3,169 per share and its 52-week low is Rs 41.68 per share. Over the past year, the stock has delivered multibagger returns of 7,050 per cent and over 3 years, it has surged by an astonishing 39,000 per cent.

About Eraaya Lifespaces Limited: As a premier lifestyle and hospitality company, Eraaya Lifespaces is dedicated to crafting unforgettable moments that blend luxury with India's rich heritage. The company portfolio offers a diverse range of experiences, from exquisite events and innovative content to luxurious accommodations and immersive cultural encounters. Eraaya is seeking to thrive, expansion beyond its current scope as a strategic option embracing new business fields presents a promising avenue for growth, diversification and sustained relevance in an ever‐evolving market. Eraaya has set its sights on exploring new business fields, driven by a vision to expand its horizons and unlock fresh opportunities via mergers and acquisitions of a varied bunch of businesses.

The company has a market cap of over Rs 5,340 crore with a 3-year stock price CAGR of 520 per cent & debt-free status. According to Quarterly Results, the company reported net sales of Rs 2 crore in Q1FY25 and net profit increased by 1,887.5 per cent to Rs 0.95 crore in Q1FY25 compared to a net profit of Rs 0.05 crore in Q1FY24. In its annual results, the net sales increased by 1,52,311 per cent to Rs 297.20 crore and net profit increased by 341.6 per cent to Rs 0.34 crore in FY24 over FY23.

Disclaimer: The article is for informational purposes only and not investment advice. 

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