The management is confident that its strategy of client centricity & agility combined with delivery led transformation will help the company creates value.
Earning Highlights Q3FY23:
The Company is witnessing moderation in growth given the tough macro-economic environment. It will continue to work with our customers to pre-empt their technological requirements and identify, new demand drivers, especially for digital services.
Its numbers reflect resilience as it continues to work on the expansion of operating margin. The management is confident that its strategy of client centricity & agility combined with delivery led transformation will help the company creates value for its customers and stakeholders alike.
Valuation & View:
At the CMP of Rs. 1036, the stock is trading at annualised P/E multiple of 24.12 times with the annualised EPS of Rs. 42.16, which is fairly valued.
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
Globe Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. Rolex Finvest Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Land base Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited and Lakshya Impex Private Limited are associates of GCML. Globe Comex International DMCC is step down subsidiary of GCML.
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