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AGS Transact Technologies Ltd is one of the India’s leading omni-channel payment solution providers. It is the second largest company in India in terms of revenue from ATM managed services and also the largest deployer of POS terminals at petroleum outlets in India. It not just serves Indian market but also expanded internationally in other Asian countries including Sri Lanka, Cambodia, Singapre, Indonesia, and Philippines. AGS Transact operates in 3 business segments;
They have expanded internationally to offer automation and payment solutions to banks and financial institutions in other Asian countries comprising Sri Lanka, Singapore, Cambodia, Philippines and Indonesia. They also provide outsourcing solutions for 1,273 ATM and kiosks in Sri Lanka, as of August 31, 2021.
For year/ period ended ( in Cr.)
|31 Mar 2021||31 Mar 2020||31 Mar 2019|
|Profit After Tax||54.79||83.01||66.19|
This IPO is fairly priced in line with peers. We believe AGS provides an opportunity to invest in a cash-cum-digital play from a long-term perspective.