• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money
Moneycontrol

Home » News » Recommendations

Feb 14, 2017, 06.14 PM | Source: Moneycontrol.com

Hold SQS INDIA BFSI LTD; target of Rs 596: Axis Direct

Axis Direct recommended hold rating on SQS INDIA BFSI LTD with a target price of Rs 596 in its research report dated February 09, 2017.

Like this story, share it with millions of investors on M3

Hold SQS INDIA BFSI LTD; target of Rs 596: Axis Direct

Axis Direct recommended hold rating on SQS INDIA BFSI LTD with a target price of Rs 596 in its research report dated February 09, 2017.

Post Your Comments

Share Cancel

(more)

, Axis Securities Limited |


Axis Direct's research report on SQS INDIA BFSI LTD

SQS India BFSI Ltd delivered a modest performance in Q3FY17, with the company’s earnings (PAT) coming in at Rs 3.8 Cr, down 48.6% Y-o-Y on account of higher other expenses, decline in sales and forex loss. In Q3FY17, revenue of the company declined 9.2% Y-o-Y to Rs 60.9 Cr while other expenses increased 28.6% Y-o-Y to Rs 14.4 Cr, resulting in contraction in EBIDTA margin to 12.2% (down 660 bps).

Outlook

Indian IT players are likely to face challenges due to USA’s provisions to increase minimum wages and 50:50 local hires. Also Brexit is likely to act as an overhang for next few quarters. We revise our earnings estimates downward to Rs 26.2 Cr/ 34.9 Cr from previous estimates of Rs 33.3 Cr/47.6 Cr for FY17E/FY18E respectively. We value the stock at a PE of 18xFY18E EPS and revise target price downward to Rs 596. Downgrade to hold.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Hold SQS INDIA BFSI LTD; target of Rs 596: Axis Direct

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login