New addition portfolio 4%
TATA ELXSI LIMITED
Background : TELX was set up to manufacture super computer systems and components in India but later the project became commercially unviable later they evolve in to evolved into System Integration and Support and structured its operations under two business segments, namely Software Development & Services (SDS) and Systems Integration & Support (SI).
as compare to KPIT Technologies ,Persistent Systems ,Mindtree & Hexaware Technologies It has better ROCE
Other better part of story is that it is debt free and good working capital efficiency,
Dividend Payout : Avg. 15-20% of Net profits over last 5 yrs .
Walked out from Maruti ,Britannia and Parag Milk
i am working to formulate strategy to build portfolio based on following break up and will shortly finalise candidates for each below sector . i am learning Thanks VP’s for guiding
