Nucleus Software Exports Limited is a leading global banking software powerhouse providing innovative et al rebellious products, services and solutions since 1989.
Nucleus Software Financial Analysis
The concern has registered lustihood results for the quarter ending December 2013. Overall income from maneuver has augmented by 20.54 percent at Rs 89.96 crore for quarter under recapitulate spil match up to to Rs 74.63 crore for the quarter over 31 Dec’ 2012. The increasing penetration in new markets has given a genuine momentum. Operating profit climbed sharply by ~55 percent at about Rs.19.59 crores as against Rs.12.63 crores in the previous year cut up. Cost of rescue counting cost of product development is 59.6 percent of return as against 63.4 procent of revenue in the previous quarter. The gang has reported 89.68 percent rise in its capture profit at Rs 23.39 crore for the quarter as compared to Rs 12.33 crore for the same zone in the previous year.
Revenue from product business for the quarter is at Rs. 61.41 crore against Rs. 49.67 crore, a rise like 23.63 percent y-o-y. Product revenue from individual business, for the deel is at Rs. 58.77 crore against Rs. 48.28 crore, a jump of 21.73 percent y-o-y. Projects also services dealing revenue for the sector is at Rs. 28.55 crore against Rs. 24.96 crore, moved up by 14.39 percent.
Revenue contribution from the top 5 clients for the quarter stood at 40 percent; similar to the previous quarter. The natural features Africa, Middle East and India posted good growth for the quarter ended Dec’ 2013. Japan remains more or less the equal.
Nucleus Software Strong Product Base
The order book position is Rs.233 crores including Rs.156.75 crores of products business and Rs.76.50 crores of projecs and services business as on 31st December 2013. The company won 8 new product orders worldwide in third quarter ended FY2014.31 newfangled product modules implementations went live across geographies. The new integrated transaction-banking product has gone live at one of the consumers in the quarter December 2013. Two more are expected to go live in the coming quarter. The new product covers the entire spectrum of transaction banking, i.e.Payments, Receivable Collections including EIPP which is Receipt Presentment et sequens Payments, Liquidity Management and Financial Supply Chain Management. There is also seraphic progress on the new FinnOneTM adaptation that the company has been working on. The company continues to do well in the markets where they hold strong market share and plans to increase its presence in the markets where they have one or duality implementations only. A larger contribution to revenues comes from FinnOneTM as about now but in the coming quarters transaction banking percentage is expected to bid up. Nucleus plans to launch new products going ahead which will add to the revenues the future
Nucleus Software Company Valuation
With new product launches and increasing penetration in new characteristics, burly market share with good customer associations and improving productivity; Nucleus Software Exports Ltd. growth looks promising. We believe Nucleus Software is trading at a gorgeous valuation at 9.71x plus 8.21x of FY14EPS of Rs.17.60 and FY15 Earning Per Share of Rs.20.82. we are recommending buying at Rs. 180-170 levels for investment horizon; it may touch Rs. 230 in a time period 3-6 months
Bse Id: 531209
Nse Id: NUCLEUS
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