Buy AGC Networks; target of Rs 132: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research is bullish on AGC Networks and has recommended buy rating on the stock with a target of Rs 132 in its April 08, 2013 research report.
 
“AGC Networks Ltd. is a leading global technology solution provider. Over the last 8 years, AGC has been an unprecedented leader as a Solution Integrator with a differentiated vertical approach providing innovation solutions in 4 domains in ICT. With global presence in 14 countries and 18 offices in India, AGC has 2500+ strong, diverse customer base including Fortune 500 companies. These customers are spread across a broad spectrum of verticals such as Banking, Financial Services and Insurance, Government, PSUs and Defence, Healthcare, Travel and Hospitality, IT / ITes, Manufacturing, Energy and Utilities and SMB Solutions. AGC uses its solution integration capabilities to integrate best of breed products through its key technology alliance partners to provide "End to End" solutions. Today AGC Networks has grown multifold and is a family of 1300+ employees constantly striving to deliver unmatched experience to its valued clientele. AGC Networks Limited is a subsidiary of Aegis Limited, an Essar Enterprise.”
 
“AGC Networks Ltd. is a Global Solutions Integrator in Unified Communications, Network infrastructure, Data Center & Virtualization and Enterprise Applications, reported its financial results for the quarter ended 31 DEC, 2012. AGC Networks Ltd achieved a turnover of Rs. 1338.95 million for the 3rd quarter of the current year 2012-13 as against Rs. 1307.06 millions in the corresponding quarter of the previous year. The company has reported an EBITDA of Rs. 186.17 millions and a net profit of Rs. 76.77 million against Rs. 22.65 million reported respectively in the corresponding quarter of the previous year. The company has reported an EPS of Rs. 2.70 for the 3rd quarter as against an EPS of Rs. 1.59 in the corresponding quarter of the previous year.”
 
“At the current market price of Rs 117, the stock P/E ratio is at 10.06 x FY13E and 6.45 x FY14E respectively. Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.11.63 and Rs.18.15 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 26 percent and 59 percent over 2011 to 2014E respectively. On the basis of EV/EBITDA, the stock trades at 4.32 x for FY13E and 2.87 x for FY14E. Price to Book Value of the stock is expected to be at 1.08 x and 0.92 x respectively for FY13E and FY14E. We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs 132 for medium term investment,” says Firstcall Research report.

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