Stock Picking - Art Or Science

If there is one Legal way to Become Rich early, it is by Investing in Stocks and Real Estate. In this Blog you will not see general news which are available at numerous sites, instead u will get filtered news and opinions which matter. Many a times some small but important news were overlooked because of simultaneous big event, I try to put all those news in my Blog. The Home Page shows posts of only last 10 days. To see all the posts click on the month in the Archive section.

Friday, March 17, 2006

ORG Informatics - All Bags Full

ORG Informatics - Five Times FY05 Revenue Projected

ORG Informatics has announced that it has bagged an order worth Rs255 crore from Bharat Electronics Ltd (BEL) for the convergent billing system that is being implemented for the state-owned Mahanagar Telephone Nigam Ltd (MTNL). The order largely involves the supply and integration of the hardware related requirements of the project. Consequently, the margins are likely to be lower than the double-digit margins reported by the telecom business segment currently. The order is to be executed over the period of the next 24 months.

However, as part of the MTNL deal, the company expects another order worth over Rs100 crore that will have higher-end services work and would also include the highmargin maintenance business. The second part of the order is likely to be announced in the next couple of weeks and a considerable portion of the maintenance revenues will be spread over a period of seven years.

With this deal, the current confirmed order book of the company stands at around Rs425 crore (including maintenance contracts), which amounts to around five times its FY2005 consolidated revenues and 2.5x its current market capitalisation.

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