Aricent Technologies Holdings Ltd. provides communication software for the communications industry. The Company offers middleware, consumer and enterprise applications, network management, service provisioning, and billing mediation. Aricent Technologies (Holdings) Limited is a subsidiary of Capgemini SE which acquired Altran Technologies SAS at a global level in the first half of the calendar year 2020. Pursuant to the said acquisition, all the Altran group companies, including the Company are now a part of the Capgemini group. The Company is now a step-down subsidiary of Capgemini SE, a listed entity formed and registered under the laws of France.
Following the acquisition of the Altran Group, Capgemini now ranks as the undisputed world leader in Engineering and R&D services (“ER&D”) with a portfolio of high-profile clients, extensive sector expertise, and in-depth understanding of industrial business processes and operational technologies.
Capgemini offers its clients an unmatched and unique value proposition to address their transformation and innovation needs and works alongside its clients, from the initial concept stage through industrialization, to invent the products and services of tomorrow and boost the value of clients’ organization. Capgemini has been working with major players in many sectors like Automotive, Aeronautics, Space, Defence & Naval, Communications, Semiconductor & Electronics, Software & Internet, etc. and utilizes its global network of world-class experts, a cost-cutting industrial supply chain, and its customized tools to deliver clients business goals in an ever more challenging environment.
Overview
Several elements combine to make Anand Rathi Wealth Services Ltd the robust and stable company that it is. Taking into account the various accolades the firm has won, which have a direct impact on the company’s public image and reputation.
- London ranked 34 in India’s great mid-size workplaces 2017 by the HT Media Ltd
- Best wealth manager India 2019
- Best wealth manager India by capital finance international.
The ROE ratio of Anand Rathi Wealth Services Ltd is another indicator of the company’s strength. The company’s ROE ratio is about 43.76 percent, compared to merely 23.12 percent for the industry. Apart from these factors, the company’s other income has grown by Rs 20.67 million to Rs 23.13 million, representing an increase of 840.24 percent.
Anand Rathi Wealth Unlisted Share – Products / Services
(i) The Company is a step-down subsidiary of Aricent (formerly known as the “Aricent Group”). Aricent is a leading global engineering services and software company, with specialized expertise in the communications, semiconductors, and software market segments.
(ii) The Company provides outsourced product development, product support services, and licensable software frameworks and solutions. Aricent’s service offerings provide a comprehensive product lifecycle of services for communications networks, as well as connected devices, applications, and mobile services.
This software is in areas that include: 4G Long Term Evolution, G, Multimedia, Software Defined Networks, Mobile Edge Computing, Switching Routing solutions, Network Functions Virtualization, Self Organizing Networks, Machine-to-Machine, WiFi, Cloud, SmartGrid, and Internet of Things.
Aricent is focusing on the following five service lines:
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- Communications
- Semiconductors and Industrial
- Enterprise Software and Consumers
- Product Service and Support
- Innovation
(iii) Aricent Technologies Private Limited (ATPL ) is the only subsidiary of the company as of 31.03.2019. It holds 100% shares in the company.
Aricent Technologies Holdings Ltd.Unlisted Shares Price
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Aricent Technologies (Holdings) Limited Unlisted Shares Details:
Particulars( in Lakhs) | 2020-21 | 2019-20 | 2018-19 | 2017-18 |
Revenue | 27925 | 33642 | 28410 | 22372 |
Employee Cost | 15076 | 16720 | 13276 | 10422 |
Other Expenses | 4499 | 5773 | 6708 | 5218 |
EBITDA | 8350 | 11149 | 9450 | 8121 |
OPM | 30% | 33% | 33% | 36% |
Interest Cost | 289 | 328 | 334 | 873 |
Depreciation | 1773 | 2160 | 690 | 518 |
Profit Before Tax | 6288 | 8660 | 8425 | 6730 |
Tax | 1833 | 2521 | 2516 | 2122 |
Net Profit | 4455 | 6139 | 5909 | 4608 |
NPM | 16% | 18% | 21% | 21% |
Shares | 275.136 | 270.274 | 269.09 | 268.86 |
FV | 5 | 5 | 5 | 5 |
EPS | 16.13 | 22.36 | 21.96 | 17.19 |
Net Worth | 25318 | 19792 | 13501 | 7816 |
RONW | 18% | 31% | 44% | 59% |
Book Value | 92 | 73 | 50 | 29 |
Capital Employed | 28568 | 24809 | 13550 | 8399 |
ROCE | 16% | 37% | 65% | 97% |
Total Available Shares: | Not Available |
Face Value: | ₹ 10 Per Equity Share |
ISIN: | INE272I01010 |
Lot Size: | 100 Shares |
Current Unlisted Share Price: | ₹ Best in Industry Per Equity Share |
Shareholding Pattern:
Shareholding pattern as on 31.03.2020
Shareholder Name(Promoters) | No of shares | % of total shares | % of shares pledged |
Aricent Holdings Mauritius India Ltd | 2,34,76,578 | 17.89 | 17.89 |
Aricent Holding | 10,54,29,478 | 80.36 | 80.36 |
Financials of Aricent Technologies (Holdings) Limited Unlisted Shares:
(Figures in Millions)
Year | Revenue | EBITDA | EBITDA Margins | PAT | PAT Margins | Equity | FV | EPS |
2016 | 21106 | 4331 | 20.52% | 1920 | 9.1% | 1312 | 10 | 14.63 |
2017 | 20965 | 4442 | 21.19% | 2023 | 9.6% | 1312 | 10 | 15.41 |
2018 | 21885 | 4500 | 20.56% | 2043 | 9.3% | 1312 | 10 | 15.57 |
2019 | 22764 | 4182 | 18.37% | 2046 | 9.0% | 1312 | 10 | 15.59 |
2020 | 25409 | 5077 | 19.99% | 7027 | 13.27% | 1312 | 10 | 54.00 |
2021 | 26100 | 4662 | 17.86% | 1960 | 7.51% | 1312 | 10 | 15.00 |
FY19-20 Analysis
- The company has shown a growth of 11.61% in the FY19-20 as compared to last year.
- The EBITDA margins have improved from 18.37% to 19.99% as compared to last year.
- The PAT for FY19-20 is 702 Crores as compared to mere 204 Crores last year. This has nothing to do with any operational excellence but it has increased due to the addition of deferred tax amounting to 354 Crores this year.
- The company has generated 150 Crores of positive cash flows from operation in FY19-20.
- The company is debt-free.
Comparison With Peers:
The company is an IT Solutions provider, so its nearest peers can be taken as Infosys and Wipro. The Price of Infosys and Wipro is taken on 31.08.2019 for comparison.
Particulars | Infosys | Wipro | Aricent |
P/E | 22 | 16.56 | 12 |
P/B | 5.44 | 2.71 | 1.39 |
Map(cr) | 3,49,874 | 1,53,509 | 2361 |
Aricent Technologies Holdings Ltd. Share Price
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