Great news on dividend front from Accelya. On an expected Eps of 55-60 Rs co can fork out substantial final dividend . Company being a product co operating in opex mode doesn’t need much cash n can give large part of profit as dividend ala MNC co tradition. Rupee depreciation will act as a major tailwind.
The scuttlebutt is quite positive on the employee recruitment, new project initiation , institutional interest in this rare IT product succes story from India who are leaders in their segment. Ten opportunity size seems OK. Risks could be the comparatively larger gestation period for product wins n lumpy nature. But mining Accelya existing accounts itself will give healthy business growth irrespective of losing a major client co has been very transparent in declaring.
With excellent ROCE n good opportunity size it seems to be another buy n forget compounding machine IMHO
Discl invested in it since last 1 year.