Good morning

🛜 Sector in Focus: Telecommunication

BSNL Mega Bharat Net Phase 2 Tender Opens Today – ₹70,000 Crore Orders Expected

🛜 13 telecommunication companies that might stand to benefit from this tender

🔶 Sterlite Technologies

🔶 Tejas Networks

🔶 Vindhya Telelinks

🔶 HFCL

🔶 Frog Cellsat

🔶 Paramount Communications

🔶 ITI

🔶 Cords Cable Industries

🔶 Suyog Telematics

🔶 Sar Televenture

🔶 ADC India Communications

🔶 Kore Digital

🔶 Polycab India

AIRAN 30-42
Expected level 54
Support 27

Good morning

Multiyear Breakout Stocks for long term


👉INDIAGLYCO : 27 years Trendline Breakout soon
👉CENTENKA : 25 years Trendline Breakout
👉VLSFINANCE : 23 years Trendline Breakout
👉LUPIN : 19 years Breakout soon
👉KERNEX : 19 years Trendline Breakout
👉WELCORP : 16 years Breakout & Retest
👉BLKASHYAP : 16 years Breakout
👉WEBELSOLAR : 17 years Breakout& Retest
👉KOTHARIPET : 17 years Breakout
👉EIHAHOTELS : 16 years Trendline Breakout soon
👉SUZLON : 14 years Breakout
👉CAPACITE : 14 years Breakout
👉COROMANDEL : 14 years Breakout & Retest
👉UNIVAFOODS : 11 years Breakout
👉WOCKPHARMA : 11 years Breakout soon
👉ONGC : 10 years Breakout
👉GRANULES : 10 Trendline years Breakout
👉JUSTDIAL : 9 years Breakout
👉KSCL : 9 years Breakout
👉GANECOS : 9 years Trendline Breakout
👉HUHTAMAKI : 9 years Breakout
👉GLENMARK : 9 years Breakout
👉INOXWIND : 9 years Breakout
👉LFIC : 9 years Breakout soon
👉SMSLIFE : 7 years Breakout
👉ERIS : 7 years Breakout
👉IMAGICAA : 7 years Breakout
👉EVEREADY : 7 years Breakout
👉CDSL : 7 years Trendline Breakout
👉INSECTICID : 7 years Trendline Breakout
👉NATCOPHARM : 7 years Breakout
👉NAVNETEDUL : 7 years Trendline Breakout soon
👉WIPL : 7 years Trendline Breakout & Retest
👉OSWALAGRO : 6 years Trendline breakout
👉VENKEYS : 6 years Trendline breakout
👉NILAINFRA : 6 years Breakout
👉EXCELINDUS : 6 years Breakout soon
👉MMP : 6 years Breakout
👉AIRAN : 5 years Breakout soon
👉DNAMEDIA : 5 years Breakout
👉SUPRIYA : 3 years Breakout
👉VOLTAS : 3 years Breakout
👉GLS : 3 years Breakout & Retest
👉DTIL : 3 years Trendline Breakout
👉JITFINFRA : 3 years Trendline Breakout
👉HEXATRADEX : 3 years Breakout
👉JUBLFOOD : 2 years Breakout
👉NILAINFRA : 2 years Breakout
👉BALRAMCHIN : 2 years Breakout
👉EPIGRAL : 2 years Breakout

Good afternoon

Info Edge (India) company details

Info Edge (India) incorporated in 1995, has two specific arms – an operational business and an investment business. The core business verticals includes recruitment solutions, real estate services, matrimonial services and an education services through its various web portals and mobile applications. The core activities are supported by a series of strategic investments in the operating business. These investments are primarily made into services & products, that complement and form an integral part of the developmental roadmap of the four core business platforms. The investment business also includes a series of fund infusions into diversified entities, that have significant value creation potential over a period.

Business portfolio: • Recruitment: Online recruitment classifieds, www .naukri.com, a clear market leader in the Indian e-recruitment space, www .naukrigulf.com, a job site focused in the Middle East market, offline executive search (www .quadranglesearch.com) and a fresher hiring site (www .firstnaukri.com). Additionally, Info Edge provides jobseekers value added services (Naukri Fast Forward) such as resume writing. • Matrimony: Online matrimony classifieds (www .jeevansathi.com) is in the top three of India’s online matrimonial space and has offline Jeevansathi Match Points and franchisees. • Real Estate: Online real estate classifieds (www .99acres.com) is India’s largest property marketplace covering almost all the major cities and many agents and developers. • Education: Online education classifieds (www.shiksha.com) is the smartest gateway for students to achieve their higher education goals.

Info Edge started investing in year 2007 when the Indian start-up ecosystem was at a nascent stage and there were a handful of earlystage institutional investors active in the country. So far, Info Edge has an investment of ~₹555 cr in 21 companies in the unlisted space and ₹514 cr as a strategic investment in 8 companies as on 31st March 2024. Owing to the strong cash generation in the core business along with prudent cash reserves, Info Edge has invested into businesses in the online space with the objective of getting returns from long-term value creation. The company has a direct investments in two public companies – Zomato and Policybazaar–evolved as strong growth-oriented entities. There is another group of companies in the direct investment portfolio where Info Edge has done early-stage investments, and they are being developed for future value creation. To further streamline this high value creating business investment portfolio, the company in the last couple of years has worked on creating a structured investments vehicle through specific investment funds. In FY20, Info Edge had set up an ‘Alternative Investment Fund (AIF)’ named Info Edge Venture Fund (IEVF) to invest in technology and technology-enabled entities. They have launched three such funds, with a total commitment of approximately $450 mn.

#SALES #GROWTH 5 Year CAGR: 17.1%

In FY24, the revenue stood at ₹2,536 cr, a growth of 8% YoY and overall billings stood at ₹2,496 cr. The revenue growth was on led by 7% YoY growth in recruitment business and 23% YoY growth in the real estate segment. In FY23, revenue increased by 47.6% YoY and stood at ₹2,346 cr. The recruitment segment reported a revenue growth of ~46% YoY, 99acres segment reported a growth of ~31% and Shiksha segment reported a growth of ~28.5% YoY. Meanwhile, for Jeevansathi segment, revenue declined by ~22% YoY on account of some free offerings launched in March 2022. Strong momentum in the recruitment vertical, vibrant real estate market and increase in the number of private universities in India and expansion in the study abroad business in the education vertical indicate an increase in top line growth, going forward.

#EBITDA #GROWTH 5 Year CAGR: 21.5%


In FY24, the EBITDA stood at ₹829 cr, an increase of ~18.3% YoY. This was a combination of increase in revenue and decrease in A&P expenses specifically in the Jeevansathi business. In FY23, EBITDA stood at ₹568 cr, an increase of ~29.4% YoY. The growth was subdued on account of increased spending towards advertising and promotion (A&P) and due to increased headcount resulting in an increased employee benefit expense. Going forward, the company expects to continue spending on A&P costs, and subsequently expects an increase in revenue. They are further going to expand their branches in small towns.

#PAT #GROWTH

In FY24, PAT stood at ~₹726 cr. It was impacted by an impairment expense of ₹111 cr. Adjusting for the share of profit from JV and associates consolidated PAT stood at ₹595 cr. For FY23, PAT stood at ~₹161 cr. It was impacted by a one-off impairment expense of ₹532 cr & ₹77 cr, respectively owing to the uncertainty of funding options for the acquired entites 4-B network & Bizcrum Infotech Pvt Ltd. 5 Year CAGR: NA CASE STUDY

#EBITDA #MARGIN

EBITDA margin has been in the range of 25%-28% for the past 5 years. In FY24, EBITDA margin expanded to 32.7%. This was on account of reduction in A&P and other expenses. EBITDA margin for FY23 was 24.2%, a contraction of 340 bps YoY. High A&P expense and employee costs impacted the margin adversely.

#PAT #MARGIN

It is to be noted that from FY18, majority of the profits (an average of 50% of PBT) has been aided by exceptional gains. This has contributed to higher PAT margins lately. In FY24, the PAT margin stood at 28.6%. PAT margin of the company has been volatile in the past several years. During FY23, PAT margin stood at 6.8%. The PAT margin continues to be aided by exceptional gains and share of associates.

#ROCE

In FY24, ROCE improved to 4%. The company continues to explore investment and acquisition opportunities in areas of strategic interest and adjacencies. These investments would be continued to be made through the balance sheet or the Info Edge venture fund. Given the nature of the business (i.e., various investments in associates/JVs) the ROCE is likely to be volatile on a year-to-year basis.

MANAGEMENT VISION

The management of the company has a strong vision to pursue outperformance in order to generate value for the business and the stakeholders. The management's mission is to continuously delight the customers in current and new businesses by delivering superior value through enhanced offerings on the internet and other platforms. It believes that with proper products pipeline, efficient execution and cash inflows, the company will be able to deliver superior growth in the future. They believe that the next phase of growth will be driven by deeper penetration into tier 2 and tier 3 cities in India. To this end, they are expanding its onground sales force to supplement its technologybased business model.

#Future #plan

India’s consumer digital economy is expected to be a USD800 billion by 2030, clocking in a growth on 10x from 2020. As per Google, the classifieds segment is expected to report a CAGR of 18%, with jobs, real estate and matrimony constituting 2/3rd of the market. • The Government of India's (GOI) focus on the ‘Digital India’ initiative along with cheaper smartphones, declining data tariffs, increasing digital literacy is helping the sector boost its growth. • There has been a 124% growth in the number of internet users in the past 5 years driving the digital sector majorly. • Low internet penetration in India at ~43% presents an opportunity for the company, where the internet penetration is above 80% at developed nations while ~60% penetration at South American and South-East Asian nations. now accessing the internet daily to meet the needs. • The single most important driver of rapid internet penetration across India is the widespread adoption of mobile internet in India. India recorded the highest-ever smartphone shipments in year 2021. • With this kind of penetration of internet in India, the digital space is transforming the way consumers and marketers interact with each other. Increase in the internet usage by the rural India has also grown at record with almost two-thirds of active internet users • Thus, the growing digital economy coupled with rising per capita income and favorable demographics presents a huge market potential for internet-based technology led disruptions

Info Edge Limited (Naukri) 6800-7425
Expected level 8200
Support 6000

1) ITD Cementation India Ltd:

🔹M Cap: ₹ 9,500 Cr.
🔹P/E: 29.6
🔹CMP: ₹ 553
🔹YOY Net Profit Growth: 92%
🔹3 Years Profit Growth: 170%

2) Shakti Pumps (India) Ltd:

🔹M Cap: ₹ 8,966 Cr.
🔹P/E: 38.4
🔹CMP: ₹ 4,475
🔹YOY Net Profit Growth: 9,200%
🔹3 Years Profit Growth: 23%%

3) Gallantt Ispat Ltd:

🔹M Cap: ₹ 8,213 Cr.
🔹P/E: 26.0
🔹CMP: ₹ 340
🔹YOY Net Profit Growth: 293%
🔹3 Years Profit Growth: 15%

4) Garware Hi Tech Films Ltd:

🔹M Cap: ₹ 7,504 Cr.
🔹P/E: 30.3
🔹CMP: ₹ 3,230
🔹YOY Net Profit Growth: 100%
🔹3 Years Profit Growth: 18%

5) Responsive Industries Ltd:

🔹M Cap: ₹ 7,278 Cr.
🔹P/E: 40.5
🔹CMP: ₹ 273
🔹YOY Net Profit Growth: 60%
🔹3 Years Profit Growth: 36%

Continue...