NSE: AURUM | BSE: 539289

Expensive Underperformer

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188.38 -1.15 (-0.61%)

28.86% Fall from 52W High

52,043 NSE+BSE Volume

NSE 15 Jul, 2025 3:31 PM (IST)

1,040.3

Market Cap

Above industry Median

0.9

Beta 1Year

Low volatility

Aurum Proptech Ltd. share price target and research reports

Name: Latest research reports of Aurum Proptech Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Aurum Proptech Ltd.
Rating: 5
Author: HDFC Securities

Latest analyst research reports with target prices and PDF download for AURUM, BSE:539289 Aurum Proptech Ltd.

Aurum Proptech Ltd.

04 Aug 2017

188.38

-0.61%

Majesco (1QFY18): At inflection point. Maintain BUY

Buy: Aurum Proptech Ltd.

Target

HDFC Securities

Maintain BUY with a TP of Rs 540, based on 1.8x FY19E EV/revenue multiple Majesco posted weak numbers in 1QFY18. Revenue declined 0.8% QoQ to USD 27.9mn vs. our estimate of USD 28.9mn. This was the fourth consecutive quarter of decline in revenue, and was led by shift in client preferences (on-premise to cloud), low revenue from cloud deals initially (will ramp-up later) and client-specific issues (L&A;). We believe these issues are a thing of the past, and recovery will commence from 2QFY18.

Aurum Proptech Ltd. is trading above its 100 day SMA of 183.7

Aurum Proptech Ltd.

04 Aug 2017

188.38

-0.61%

Majesco - 1QFY18 Result Update

Buy: Aurum Proptech Ltd.

Target

Reliance Securities

Revenue Disappoints; Order Book Traction Back on Track Majesco Limited has delivered another soft performance in 1QFY18 with its revenue declining by 0.8% QoQ to US$27.9mn (-4.1% QoQ to Rs1.83bn in INR terms). Its profitability felt a jolt, with the company recording Rs52mn EBITDA loss (EBITDA margin of -2.9%) owing to revenue decline and investments made for growth. However, the order book saw healthy growth of >20% QoQ to US$77.2mn, while TTM order book grew by a robust 45.8% QoQ to US$188.4mn, signalling improving revenue traction led by IBM partnership and strong deal wins in Cloud space. Thus, we expect Majesco to witness a healthy revenue trajectory from 2QFY18E onwards....

Aurum Proptech Ltd. is trading above its 100 day SMA of 183.7

Aurum Proptech Ltd.

10 May 2017

188.38

-0.61%

Majesco (4QFY17): Bad quarter, IBM alliance key driver. Maintain BUY

Buy: Aurum Proptech Ltd.

Target

HDFC Securities

Majesco posted weak numbers again in 4Q, with a 6.7% QoQ USD revenue decline (USD 28.2mn vs. est USD 30.0mn), led by a continuous shift in client preferences (on-premise to cloud), a very low licence component in cloud deals and client-specific issues (L&A). Margin expansion was encouraging, led by efficient cost management and lower SG&A cost.

Aurum Proptech Ltd. is trading below its 30 day SMA of 198.5

Aurum Proptech Ltd.

10 May 2017

188.38

-0.61%

Majesco - 4QFY17 Result Update

Buy: Aurum Proptech Ltd.

Reliance Securities

Majesco Limited (Majesco) announced another soft quarter in 4QFY17, with revenue declining 6.2% QoQ to US$28.2mn, while profitability was better than expected, with EBITDA margin up 114bps QoQ to 6.8%, aided by cost control. In INR terms, revenue declined 7.1% QoQ to Rs1.9bn. Revenue pressure was owing to some client engagements moving from implementation mode to support mode, and these programs have been replaced by cloud-related projects, which typically earn lower implementation revenue. FY17 has been an underwhelming year for Majesco, with USD revenue up just 7.5% YoY to US$121.8mn, against initial expectations of healthy double-digit revenue growth....

Aurum Proptech Ltd. is trading below its 30 day SMA of 198.5

Aurum Proptech Ltd.

17 Apr 2017

188.38

-0.61%

Majesco (Update): On cloud nine with IBM. Maintain BUY

Buy: Aurum Proptech Ltd.

Target

HDFC Securities

Our positive stance on Majesco is based on (1) Huge addressable opportunity across US-based L&A and P&C insurers, (2) Access to IBM?s clients, leading on to deal wins, and (3) A ramp up in Cloud and Digital Connect Platforms. We have built-in 15% revenue CAGR and 540bps margin expansion over FY17-FY19E. Maintain BUY with a TP of Rs 553, based on 1.8x EV/revenue.

Aurum Proptech Ltd. is trading below its 30 day SMA of 198.5

Aurum Proptech Ltd.

02 Feb 2017

188.38

-0.61%

Majesco (3QFY17): At a crossroads...Maintain BUY

Buy: Aurum Proptech Ltd.

Target

HDFC Securities

Majesco struggled in 3Q, posting yet another weak quarter, with a 3.3% QoQ USD revenue decline (US$ 30.0mn vs. est US$ 31.6mn), led by slowdown in L&A (-10.1% QoQ) and client specific issues. The margin expansion was a bright point, led by efficient cost management and lower R&D cost.

Aurum Proptech Ltd. is trading below its 30 day SMA of 198.5

Aurum Proptech Ltd.

02 Nov 2016

188.38

-0.61%

Majesco (2QFY17): Conviction intact. Maintain BUY

Buy: Aurum Proptech Ltd.

Target

HDFC Securities

Majesco posted a muted 2QFY17, with revenue down 4.6% QoQ in USD terms (US$ 31.0mn vs. our estimate of US$ 32.9mn), led by slowdown in top- client. Encouraging part was robust 13.8% QoQ growth in TTM deal wins (US$ 173.9mn) and gross margin expansion ( 441 bps). IBM partnership for developing new cognitive applications on Watson is promising and will start yielding results from 4QFY17E.

Aurum Proptech Ltd. is trading above its 100 day SMA of 183.7

Aurum Proptech Ltd.

11 Aug 2016

188.38

-0.61%

Majesco (1QFY17): Muted show, thesis unchanged. Maintain BUY

Buy: Aurum Proptech Ltd.

Target

HDFC Securities

Majesco 1Q show was muted primarily due to slowdown in a large account, but a pick-up is expected in 2H. Revenue was up 0.8% QoQ (US$ 32.6mn vs. est US$ 34mn). 12-month order backlog slipped 11.8% QoQ to US$ 63.4mn owing to the absence of large deal wins.

Aurum Proptech Ltd. is trading below its 30 day SMA of 198.5

Aurum Proptech Ltd.

20 May 2016

188.38

-0.61%

Majesco

Buy: Aurum Proptech Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research We attended Majesco's analyst day wherein it provided business, financial update and strategic direction as it enters the second year of its...