저자: 미상 · 외국인
요약 보기
결론: 채널은 인도 중소형 IT주 Firstsource Solutions를 현재가 60루피에서 매수 추천하며 이달 내 10~20% 상승, 연말 목표가 125루피를 제시한다. 기업 개요: 2001년 설립, 시가총액 약 4,116크로어 루피의 미드캡 IT 기업이다. 주요 매출은 IT 니커스 서비스(매출의 약 89.44%)와 운영 수익(약 10.5%)으로 구성된다. 인도·필리핀·영국·미국 등 45개 거점, 직원 2만3천여 명 규모다. 서비스·산업: 고객상호작용관리, 데이터 처리, 거래 처리, 채권 추심, 컨설팅, 분석 4대 서비스를 제공하며 금융·보험·헬스케어·통신·미디어 등을 고객으로 한다. 지역별 매출 비중은 미국 약 55%, 영국 약 38%, 인도 약 6%다. 경영 주장: 경영진(CEO Raja) 주도로 부채 감축과 수익성 중심 경영이 이뤄지고 있으며, 고위 경력직 채용과 미국 인수합병으로 영업 역량이 강화됐다고 주장한다. 산자이 고엔카 그룹의 인수 이후 규제 산업이 아닌 분야로 확장 중이라고 평가한다. 재무: 2013~2017년 매출은 약 970~954억 루피 수준으로 정체됐으나 순이익은 135억에서 188억 루피로 꾸준히 증가해 마진 개선을 근거로 제시한다. 2017년 12월 분기 연결 매출은 863억 루피(전분기 대비 +1.98%, 전년 동기 대비 +0.36%), 순이익 약 99억 루피다. ROE 14.76%, PER 14.69배(업종 평균 21배), PBR 1.9배(업종 평균 2.62배)다. 지분 구조: 프로모터 54.85%, 기관 외 비공개 약 30%, 국내 기관(DII) 4.85%, 외국인(FII) 8.16%. 주가 흐름: 2017년 4~5월 약 29~31루피에서 시작해 상승, 현재 52주 고점 60~61루피 부근이다. 즉시 상승 여력을 약 80루피 또는 25%로 보며 2개월 목표를 제시하고, 2년 목표가는 125루피다. 리스크: 영상에서 명시적으로 다룬 하방 리스크나 조건 설명은 없다. 전체적으로 긍정 일변도의 주장이다. 출연자 전망: 현 시점에서 IT 미드캡 섹터가 시장을 상회하고 있으며 기업 펀더멘털이 매우 강하다고 강조한다. 전반적으로 긍정적 기조다.
다듬은 글
hello friends welcome to your favorite YouTube channel for multivalued stock ideas search capital investments here we give you extensive research and data done on various talks by our research desk we will help you put your money on the best docs to give you best returns and also help you grow your wealth friends don't forget to subscribe to our YouTube channel and also press the bell icon to get notified whenever we upload any video also follow us on Instagram and Facebook to get regular updates on all friends since the stock that they have for you today is called first source solutions a stock that is in the mid cap ID segment the current market price of this company stands at 60 rupees and we have a target of 125 by the end of this year I say my friends you need to buy this talk right away if you have been following our channel for long now i really suggest use buy this stock immediately we are looking at the immediate upside of about 10 to 20% within this month and then we have a target of about 125 by the end of this year let's give you a fair introduction about this company now tell you what this company has been doing and where we see the stock from here first so solutions my friends was first incorporated in the year 2001 it is in the mid cap id segment having a market cap of about four thousand one hundred sixteen cross operating in information technology sector for Social Solutions has key products and revenue segments which include IT nimbus services which contributed to about 840 crores - sales value that is about eighty nine point four four percentage of the total sales and then they have the operating revenue which contributed about ninety nine crores to the sale value that is about ten points high five percentage of the total sales for the year ending 31st march of the two 17 trusted by over 100 plus leading brands in India Philippines UK and also the US across the segment's like banking financial services insurance health care telecommunications and also media for solutions operates in about 45 global operation locations with over 23,000 location employees to the company let's look at the services that this company has been offering and also the kind of industries that this is in and also we will look at the revenue from the geography perspective the services my friends is our mainly four types one is the customer interaction management data processing and transaction processing collections management consulting and also analytics these are the four main services that this company provides to all its clients let's look at the industries that this company has been supporting one is the healthcare telecom in media B FSI insurance mortgages and also there are many other small sectors that this company is being giving services into from the revenue perspective the majority of the revenue comes from us which contributes about 55 percentage of the revenue then we have UK which contributes about 38 percentage and also India which contributes about six percentage these are the major components of the revenue in terms of geography my friends then there are these small countries from there you know our small single-digit revenue comes in which we haven't put up over here first row solutions has been doing the right things from the very beginning it is just been incorporated in 2001 and since then it has been a market leader in the Mid Cap IT segment first thing the company has been concentrating on and I think everybody in the industry needs to be concentrating on is the reduction in them which this company has been doing and you can see that in the balance sheet and this is a big positive to this company Raja's the CEO has done an excellent job in turning around the fortunes of this company the company is now focused on profitability and any new business that has to meet the proper profitability threshold is only then incorporated in terms of services from this company they have been hiring senior seasoned professionals at the ha highest level and the mandate is clearly to hire the best talent in the industry that they can right now to show very good results in the next few years the acquisitions especially in the US has raised the company's profile into a new dimension altogether they are now attracting good sales talent across the industry this is a very positive sign and this I think will hopefully lead into better sales performance in the next few years my friends the fame sanjeev Goenka group which we all know has acquired this company just to move away from you know the sectors that are regulated regulated sectors are something you know where the pricing has been constant or even the pricing is dependent on the industry and also the global fluctuations this is something new that Santiago in car group has been concentrating on and this is one of the most successful IT or mid-cap ID segments company that has made the repetition of the themes and you going to group into the next level right now and this is also made him look as a person who can also operate in the unregulated segments in the industries let's look at the revenue breakdown of this company my friends see what is giving them the mats from friends let's look at this company now and how this operates and how the revenue comes in for this company this is very important to note that this company is in the most profitable segments in the industry let's look at the US credit card collections first which actually generates the majority of the income for this company credit card depth is the fourth largest source of consumer indepted news and the second largest that is generally unsecured in terms of student loans or even credit card loans credit card dip is a major driver of overall depth collection activity and revenue all across the world this is now to everyone at every given point my friends the potential market for new credit card debt collection can be sized by examining the rate of credit card deliquency and also the charge-offs see you know like these credit card borrowers never pay on time and you know the charges are usually very very high and this has been a very good income for all these credit card companies according to the figures from the Federal Reserve total u.s.
outstanding consumer depth was around US dollar three point six two trillion that is right my friends three point six two trillion just on May 2016 and it might have already increased about fifteen to twenty percent by 2017 right now that figure includes car loans student loans and revolving debt but these are not mortgages my friends these are not mortgages these are just small term loans like credit cards you know your student loans and also these car loans where you know the entire loan is very very secured first source generates 31.8 percentage of its revenues from this segment working across multiple product lines across u.s.
and the UK the company has been able to deploy the day latest disruptive interventions in this segment providing a truss to its goal of delivering formational value to all its customers let's look at health care now which is the second biggest segment from which for Social Solutions gets its revenues from every cell addresses two segments within the healthcare vertical the payer market represented by the insurance companies and the provider market represented by hospitals physician groups in the urine United States of America the partnerships and alliances forged with companies like epics Jeffery healthcare DC as global JD a global have helped the company to become a full services provider in the payer industry and complete enjoined RCM services and providers to the hospital segment let's look at the quarterly financials now see what this company has been doing we already had a look at you know the various verticals in which FSL operates and where they get their revenues from the various aspects of the industry that this company is into and how they get their money from various countries in the world let's look at the quarterly financials now this will give you a fair idea how good this company is from March 2017 to 2017 in the quarter for December you can see that the net sales have been very very consistent a little bit of 10 crores here and there apart from that you know the revenues have been very very consistent we can see that the net profits haven't changed at all it has been very very consistent for every single quarter in 2017 my friends let's look at the financials from 2013 to 2017 to have a fair bit of idea to actually get to know what this company has been doing for the past five years you see that though you know the revenue is there from 970 3 crores to about 954 crores here and there a small blip but all all the revenue has been very very consistent we don't see a large you know growth in the revenue not a large in the revenue here the revenues have been consistent that's why it gives a very good value for the stock that we are buying the profit and loss however has increased very very very very consistently from 135 crores in 2013 to about 188 crores in March of the 2017 what we have to notice here my friends is that if the revenue has been consistent but the profit has been increasing from your Anya you will only get to know that the margins of this company has been increasing are they are getting into various aspects in the business where the margins are even better so this is something that we need to look at so this will help the company grow from time to time and also give a lot of value for it cheers my friends let's look at the shareholding pattern my friends the promoters who are very very bullish on the stock hold about fifty four point eight five percentage then we have the non institutions which hold about thirty percentage then we have the DI eyes like the mutual funds which hold about four point eight five percentage then we have the FI eyes who are also bullish on the stock holding about eight point one six percentage let's look at the growth chart of this company my friends our company's growth chart looks very very humble it started from a lows of around 29 to 31 in and around April 2017 to may 2017 then we had the market news of the big bull rocket engine wallah holding a stake in this company then it started whoring in and about 35 to about 40 s then you know the mid-cap IT started or performing the market you know in and around December to January then we had a consistent moment in this talk and now the stock has reached the 52 weeks high of 60 to 61 this is our immediate upside of about 80 rupees my friends so we are looking at twenty-five percent upside from here for the next two months and then we have a target of even greater for the years to come that we will decide on the next slide my friends so what we actually tell you is you jump onto this talk right now to write the I T view that is going on in the market currently let's look at the balance sheet now see what this company has been doing for all these years total share capital stands at around 681 cross the net worth stands at around 2000 crores the total depth is very very low and this company has given extra force to the reduce in the loans that it has taken so it stands at around 186 cross the total assets stands at around two thousand one hundred and eighty five crores the return on equity stands at around fourteen point seven six which is better than the Industrial Average for this stock the market cap in cross now stands at four thousand three hundred nine micros and this is ranked 2 in 15 Business Process Outsourcing and knowledge process outsourcing segments in the industry let's look at the fundamentals my friends the price to owning stands at around fourteen point six nine the industrial PE stands at around twenty one so you can know that you know the pricing is still very cheap and you can still hop onto this talk for very good returns my friends the EPS stands at a healthy 4.35 the book value stands at twenty nine the price to book stands at one point nine zero which is close to the industrial average of two point six two let's conclude on the stock my friends let's tell you why this talk and where this talk will go from here with assets close to rupees thirty two thousand crores and a good employee strength of more than forty five thousand the famed RP Sanjeev Goenka group is all but well said to launch itself to the next leaf this company my friends has always been in segments where the pricing has been regulated so this is a company altogether which is very new for the frame group and actually this will also transcend the group to next levels after the successful takeover of first solutions for the quarter ending the D first of December 2017 the company has reported a consolidated sales of around 863 crores up 1.98 percentage from the last quarter sales of 846 crores and also this means up 0.36 percentage from the last year same quarter sales of 860 cross where the company has reported a net profit after tax of in and around 99 crores this is a very good mid cap IT stop my friends as you know the mid cap IT has been outperforming the market from the last two months now all the stocks have almost doubled this top especially which was hovering around 30 to 35 rupees has gone on to reach 60 we still see an immediate upside of around 70 to 80 from here for the next 1 to 2 months and then we have the target of Iran 125 for the next two years the fundamentals here are very very strong the the return on equity has been really good for all these years and then we have the P which is below the industrial PE which makes it very exciting at current levels and then it is also owned and then operated by the famed art piece Sanjeev Goenka group which is trying to get into new new elements of its own by the successful takeover of the storm so all I see in this talk is positiveness and more and more positive news so jump onto this talk my friends and it will give you very good returns in the years to come thank you for watching our video thank you for watching our video my friends don't forget to subscribe to our Channel and also here the belacan to start getting regular updates whenever we upload any video also don't forget to subscribe to our Instagram channel and also follow us on Facebook thank you my friends
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