GEPL Capital's report on Infinite Computer Solutions India
"Infinite Computer Solutions India (ICSL) is a Bengaluru based global service provider of IT services, product engineering and mobility and messaging products solutions. ICSL also caters the services across the verticals like telecom, energy &utilities, media, healthcare, banking and finance industries. The company is growing with unique product portfolio. Infinite has also expertise in the niche segments like enterprise analytics, Enterprise mobility solutions, service oriented architecture (SoA), Agile development, iTaas – cloud based platform for tech support. These segments help company to improve the realization with same size of contracts. Higher realization ensures the margins improvement and help to improve bottom line. This will also help to make robust business structure in long term."
"At the CMP of Rs 217, ICSL is trading at 6.41x, and 5.42x its FY15E, and FY16E EPS of Rs 33.9 and Rs 40.1. Compared to its peers; ICSL is trading at a discount P/E multiple, although its margins are better than or comparable to peers. We initiate coverage on ICSL with a BUY rating and attach a multiple of 6.6 xs to ICSLs’ FY16E earnings (EPS) to arrive at the target price of Rs 265, indicating a potential upside of 22%", says GEPL Capital research report.
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