revenue (our estm: 31.9% QoQ) largely led by inorganic contribution from acquired Highwire business while organic business biz segments remained in flat to slightly negative growth range. OPM declined 360bps QoQ to 17.0% (our estm: 15.0%) due to decline in margins of all 3 biz segments where-in Platform business was impacted by lower EBITDA margin of acquired Highwire Biz (early double digit). MPS expects Highwire business to deliver improved profitability (40-45% EBITDA margins) by end of FY22 led by cost take-outs (IT, Rent, Other...

MPS Ltd. is trading below its 30 day SMA of 2623.4

MPS Ltd.

20 May 2020

2284.10

8.34%

MPS

Buy: MPS Ltd.

Dolat Capital

Weak Results; Large Deal Wins in Content biz to drive recovery MPS reported weak Q4FY20 results, with a 9.0% QoQ and 15.6% YoY decline in revenue (our estm: 1.3% QoQ growth), largely led by QoQ decline of 15% and 19% in Platform and E-Learning business. OPM contraction of about 480bps QoQ to 12.7%, (our estm: 19.8%) primarily due to sharp absolute revenue fall off directly impacting EBIT. Content solutions revenues fell 3.0% YoY in Q4 but expects positive momentum hereon as it has started rampup of a large deal won in the...

MPS Ltd. has an average target of 3087.00 from 1 broker.

MPS Ltd.

19 Nov 2019

2284.10

8.34%

MPS Ltd.

Sell: MPS Ltd.

ICICI Securities Limited

Although the company's revenues have grown at 12.1% CAGR in FY16-19, we believe majority of growth is from acquisition. We believe the organic growth has been below 5% in FY16-19 mainly due to the subdued performance of the content solution business. The content solution business (accounts for 64% of total topline) has declined at 3.2% CAGR in FY17-19. In addition, the market in which MPS operates is fragmented and publishing outsourcing vendors are not price settlers but are compensated by volumes, which also keep revenue growth under check. Further, higher client...

MPS Ltd. is trading below its 30 day SMA of 2623.4

MPS Ltd.

19 Jan 2019

2284.10

8.34%

MPS' Q3FY19 results were slightly below our estimates with flat revenues on a CC basis vs...

Buy: MPS Ltd.

Recommendation Target

Emkay

We believe FY20/FY21E would be the key year for EBIT/Organic growth revival for the business. In our view, although the transition period is long, but as it endures through this the growth profile of the business should improve significantly led by strong evolving enterprise learning business. Given strong management track record on turnarounds and attractive valuations, we maintain our Buy rating on the stock with a TP of Rs740 per...

MPS Ltd.'s price crossed above 200Day SMA today

MPS Ltd.

26 Apr 2018

2284.10

8.34%

MPS announced acquisition of Tata Interactive Systems (TIS), e-learning services provider...

Accumulate: MPS Ltd.

Target

Emkay

TIS is a wholly owned subsidiary of Tata Industries and has three decade expertise in the corporate learning business with revenues of about Rs1.4bn (FY17) with elite clientele (70 Fortune 500 companies) spread across Europe and India. traction for FY19 and FY20 significantly. Post-acquisition MPS would emerge as strong challenger in the fast-growing enterprise learning outsourcing business. We have upgraded our Revenue/earnings estimates post this event and now expect MPS to deliver 33%/19% CAGR over FY18-20e respectively. We upgrade our Rating on the stock to BUY with TP of Rs840 per share (valued at 15x FY20e earnings)....

MPS Ltd. is trading below its 30 day SMA of 2623.4

Is MPS Ltd. worth buying?

83 Votes:

Buy 78.31%

Sell 10.84%

Hold 10.84%

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