Nov 15, 2006, 05.09 PM IST | Source: CNBC-TV18

Expect FY07 EPS between Rs 10-12: ORG Informatics

ORG informatics has shot up 69% in the last seven trading sessions. The company is engaged in both IT and telecom. MD and CEO of ORG Informatics, Ajoy Khandheira the company is looking at raising USD 12 million through GDR, the proceeds of which will be used for acquisitions.

On the expected FY07 EPS

Ajoy Khandheira

MD And CEO

ORG Informatics

ORG informatics has shot up 69% in the last seven trading sessions. The company is engaged in both IT and telecom.

MD and CEO of ORG Informatics , Ajoy Khandheira the company is looking at raising USD 12 million through GDR, the proceeds of which will be used for acquisitions. Currently, the company has an order book of USD 150 million and sales pipeline of USD 650 million.Going forward, he expects the company's FY07 EPS to be in the range of Rs 10 and Rs 12.

Excerpts from CNBC-TV18s exclusive interview with Ajoy Khandheira: 

Q: Any possible reason for the jump in share prices?

A: This company has been turning around for the last 3.5 years, since it had a change of management. The company has had an aggressive and fairly impressive growth for the last 3 years.

Q: Are you comfortable with the jump, you think they reflect your fundamentals?

A: I believe so. We are anticipating a growth higher than 85%.

Q: At this point, what do your PE for FY07 estimates look like?

A: We are looking at an EPS of roughly Rs 10 to Rs 12.

Q: So you are saying even now it is discounted about 20 times?

A: Yes.

Q: I believe you are looking for an acquisition and a USD 15 million GDR?

A: Yes, more or less. We have filed for a GDR of USD 10 million with a USD 2 million green shoe option. So it is USD 12 million GDR instead of USD 15 million.

contd on page 2....

ORG Informatics stock price

On July 16, -, ORG Informatics closed at Rs 8.91, down Rs 0.04, or 0.45 percent. The 52-week high of the share was Rs and the 52-week low was Rs .


The latest book value of the company is Rs 10.07 per share. At current value, the price-to-book value of the company was 0.88.

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