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Tuesday, May 31, 2016
VIRINCHI LTD (532372) :- TURNAROUND STORY
Today we are discussing stock from IT Software Products segments for long term value investments
Virinchi Limited is an IT Products & Services company in India, focusing on customers in
North America, Europe, & Middle East.
Virinchi is a CMMi Level 3 accredited company and ISO 9001:2000 certified for its Production, Delivery and Quality processes.
Set up in 1991, Virinchi has over the years gained a wealth of
experience in various aspects of business and industry in the areas of
conceptualization, packaging and structuring of technology solutions.
The collaborative style of working enables Virinchi to convert knowledge
and skills into sound strategies and financial returns.
Virinchi is currently the world leader as software service
provider to Retail Micro Lending Industry in North America, the company
operates through its subsidiary QFund Technologies, Inc a 100%
subsidiary of Virinchi Limited in USA.
QFund Technologies, Inc., KSoft Systems, Inc., an IT
consulting company based out of NJ, USA and Asclepius Consulting that is
one of the fastest growing Healthcare IT and Healthcare Consulting
Company in India are subsidiaries of Virinchi Limited.
Virinchi's solutions provide highest
quality of technology to its clients in order to migrate onto the web,
through robust scalable and secure platforms with seamless integration
with their suppliers and customers at any location via the web.
Virinchi's solution helps companies exploit marketplace opportunities to
increase efficiency and speed to market, broaden customer and supplier
reach, reduce costs and automate business processes. Below provided is
an indicative list of all clients serviced or being serviced Virinchi
and its subsidiaries.
Company posted stellar consolidated results in 2016 -17 top line 212 cr (135cr last year ) bottom line 16.2 cr (last year 8.28 cr ) with an EPS of 9.1 (last year 4.61 ) , stock is now available just 6.26 pe!!!!. Stock trading only in BSE @ 50.50 level, investor can buy @ current price and hold for long term portfolio, this stock may give multiple return.
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