The company, a leading provider of Information Management Solutions, shares closed on November 24, 2023, at Rs 351 per share, up 0.83 percent from the previous close price of Rs 347.90, the company has a market capitalization of Rs 3,507 crores.
According to National Stock Exchange data, the shares of Saksoft Ltd has delivered multibagger returns of about 10,130 percent over a ten-year period, spanning from Rs 3.42 in April 2013 to the current stock price level. It indicates that if an investor had invested Rs 10,000 in the stock ten years ago, it would have gained to about Rs 10.23 lakhs.
The company’s return on equity increased from 19.86 percent in FY22 to 20.26 percent in FY23, while the return on capital employed rose from 24.07 percent to 25.21 percent during the same period.
In addition, The company has maintained better margins over the years. In the recent financial year, the company reported a net profit margin of 12.31 percent and an operating margin of 16.16 percent.
Saksoft’s operational revenue has increased by percent year on year, from Rs 163 crore in Q2FY23 to Rs 190 crore in Q2FY24. During the same period, net profit climbed by 31 percent, from Rs 19 crore to Rs 25 crore.
In the previous six months, the stock has gained by 47 percent, and in the last year, it has gained a multibagger return of 216 percent.
As per the latest shareholding pattern, The promoters hold a 66.66 percent stake in the company, Foreign Institutional investors hold a 3.96 percent stake, and retail investors hold a 24.36 percent stake in the company.
Saksoft Ltd is a global IT services and consultancy company that is engaged in providing business intelligence and information management solutions predominantly to mid-tier companies based out of the USA and UK.
Written by Omkar Chitnis
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