Name: Latest research reports of Vakrangee Ltd. authored by Karvy and published by - Trendlyne research reports.
Item: Vakrangee Ltd.
Rating: 5
Author: Karvy

Vakrangee Ltd: Unique Business Model - Focussing on Expansiv... (Jul 18, 2017)

Buy: Vakrangee Ltd.

Karvy

Expecting huge growth with Asset Light model: The company is focusing more on asset light model like Vakrangee Kendras from capital intensive E-Governance vertical. Hence, the capex and working capital requirements of thecompany are going to be reduced. Revenue of Vakrangee has grown with a CAGR of 26.8% and PAT by 50.2% from FY13-FY17. During FY17, the revenue grown by 25.4% and net profit rose by 34.5% to Rs. 5308 Mn over revenue of Rs. 40005 Mn.