AurionPro Solutions Ltd

AurionPro Solutions Ltd
IT Software Products
FV – Rs 10; 52wks H/L –224.9/90.35; TTQ – 7 K; CMP – Rs 124 (As On December 8, 2016; 12.30);                                  
Market Cap – Rs 163 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)


Equity Capital
Net worth		 Long Term Debt
Total  
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
21.77 587 32 710 54.17 270 24.9 5 17.08 0.5 32.16 0.68

 

Standalone Financials and Valuations for H1 FY17 


Equity Capital
Net worth		 Long Term Debt
Total  
Sales		 PAT
BV
(Rs)
 EPS (Rs)
 P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
21.77 635 28 307 36.05 292 16.6 7.5 17.08 0.4 32.16 0.68

 

Valuation Parameters:

  1. Long Term Debt to Equity – 0.1
  2. ROE % – 9
  3. Market Cap/Sales – 0.2

Aurion Pro Ltd has announced that Isla TM, its industry leading Malware Isolation product will now be available in India from 01 December 2016. The Company will also establish a channel of resellers and distributors for Isla in the first quarter of 2017. http://www.business-standard.com/article/news-cm/aurionpro-solutions-to-launch-its-malware-isolation-product-isla-116111801071_1.html

 During the quarter the company completed the acquisition of Spikes Security. This has resulted in a lower PAT margin due to both product development costs and non-cash charges. http://sports.yahoo.com/news/aurionpro-reports-revenues-rs-165-130000528.html

 

Overview:

  • Aurionpro Solutions Ltd is a global technology solutions company.
  • The Company is engaged in offering information technology (IT) and consultancy services. It is also engaged in the sale of equipment and software licenses.
  • It is engaged in the business of providing solutions in corporate banking, treasury, fraud prevention and risk management, Internet banking, governance and compliance.
  • Its geographic segments include India, the United States of America (USA), Middle East, Singapore and Others.
  • It is a provider of intellectual property-led IT solutions for the banking and financial service insurance segments.
  • It also provides self-service technologies, which enable financial institutions, utilities, telecom and government organizations to migrate, automate and manage customer facing business process to self-service channels.
  • Its offerings include Aurionpro Customer Engagement (ACE), Digital Payments, iCashPro product suite and Isla malware isolation solution, among others.

Geography wise, US generated 34% of revenues, India generated 36% of revenues, rest of the world generated 23% of revenues and Europe generated 7% of revenues

Enterprise Security business generated 37% of revenues, Digital Innovation generated 27% of revenues and Banking and Fintech generated 13% of revenues. Government revenues from India were 22% of revenues.

 The Equity Capital is @ Rs 21.77 Crs consisting of 21950301 equity Shares of FV Rs 10 currently held as under

 

54.6% Of the Promoter’s Holding is pledged.

 

Major Non – Promoter Holdings:

Sr.No Non – Promoters No. of shares held % of shares held
1 R P Seth 262084 1.19
2 Naishadh Jawahar Paleja 580000 2.64
3 Daga Sandeep Ramdas 352194 1.6
4 Atul Shamji Bharani 221087 1.01
5 Ajay Dilkush Sarupria 558094 2.54
6 Samir Naresh Shah 288500 1.31
7 Mahendra S Mehta 252838 1.15
8 Naresh Nagpal 948365 4.32
9 Insight Holdings PTE Ltd 600000 2.73
10 Indusvaley Holdings PTE Ltd 595983 2.72
11 Sam Financial Services Pvt. Ltd 798265 3.64
12 Reliance Capital Ltd 1306906 5.95

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 21.77 19.67 17.84 16.81 15.93 14.85
Networth 587 484 600 459 396 347
Total Debt 151 178 152 143 127 98
Net Sales 710 754 674 581 494 430
Other Income 9 18 25 13 12 7
PAT 54.17 -143.76 60.03 45.82 43.44 48.46
Book Value (Rs) 270 246 336 273 249 234
EPS (Rs) 24.9 -73.1 33.6 27.3 27.3 32.6

 

The company issued 2095983 shares on preferential basis during FY16.