Sales have grown from around Rs.82 million to around Rs.4k million from 2000 to 2009. Profits have grown from around Rs.2 million to around Rs.700 million from 2000 to 2009.
Glodyne Technoserv Ltd. has been earning a return of at least 22% on its net worth per year from 2000 to 2009. It has earnings per share of around Rs.37 in the last 12 months.
Glodyne Technoserv Ltd. has a cash and bank balance of around Rs.10 million. It has investments of around Rs.362 million. It has a net worth of around Rs.1k million. It has a market capitalization of around Rs.7k million.
At a market price of around Rs.340 and earnings of around Rs.37 the initial rate of return is above 10 percent ! The value of the company according to me should be at least Rs.600.
Glodyne Technoserv Ltd. is a Software company and has a Debt Equity Ratio of 0.46. Competitors are MindTree, OnMObile Global, Sterling Int, Core Projects and FirstSource.
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