NPST - Technology Provider for UPI Tech

I’m also in consensus with the idea and have been contemplating the potential expansion of their business overseas.

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Hi VP Members,

I would seek some insights from members, which somehow I find fuzzy here:
a) NPST just announced the bonus, with an exdate of 2nd Feb - Until 1st Feb end of day, the share prices were volatile, no where coming close to upper circuits. Given that this is on trade to trade basis, I was attributing this to CMP already factoring the upcoming bonus.
However, on 2nd Feb, it hit upper circuit - does this sound fuzzy by any chance ? Happy to take thoughts, it would equally help add to collective wisdom

b) On ex-date, the lot size went from 100 to 300 (cos of bonus of 2:!) - In this case as well, on 2nd feb, there is a volume of around 10k in this stock, how can this be possible !?

Q3 FY24 Concall Highlights:
Performance Highlights:

  • Revenue - 31.39 vs 10.22 cr ,210% yoy
  • EBIDTA - 10.9cr vs 3.4cr, margin- 34.24% vs 33.2
  • PAT - 6.5cr vs 1.8, increase of 261%
  • EPS - 3.37 vs 0.93 ,261% growth YOY

Business updates -

  1. Psp side- First big deal is Bharat pay bill payment solutions which allows to reach out to more banks and allows to give solutions around license
    and SAAS model.
  • Bhart billpay is biller aggregators at NPCI end which can can be taken as service by banks and other payment aggregators.
  1. API solution -Added more accounts into last quarter.
  2. Issued 2 new bonus share for each share.
  3. Added Savita Vashist as exec. director with 2 decades of exp. of building businesses in software domain and international presence.
  4. Mrs Panchi as independent dir. to strengthen overall security and tech space.
  5. Awarded by economic times as top performing SME of the year & honored by Nav bharat for innovation in fintech space.
  6. UPI volume- 11 billion per month , 40-45% is peer to merchant transaction.
  7. Consumer pattern is changing and people are confident abt security and regulations by RBI.
  8. Consistent investment in R&D lab and focused on new products and increasing capabilities.
  9. Guidance - non-linear growth , creating products without any cost esclation and grow the revenue for each incremental cost.
  10. Revenue by Segment: EVOK business -65-70% ,license and services from banks -31-35%,
  11. API rollout and other apis- technically its there in Autopay and payout, working on functional side -would be able to launch this qrtr.
  12. Project expenses of 10 cr - cost involved for sharing in with banks and third parties involved.
  13. International opportunties- Exploring but it would take time as cycle is lengthier nearly 12-18 months.
  14. TSP business- It takes lot of time but its a robust revenue model,- first needs to be eligilble & empanelled into BOB, canara, bank of maharastra,
  15. In TSP, added new product all together and in evok - new large merchants,
  16. New subsidiary Timepay - to act as payment aggregators
  17. evok business- 5000 cr of gross transaction, Added 6 more accounts.

Disclaimer -Invested and biased.

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News from Prime Minister’s Office

Prime Minister Shri Narendra Modi, President of Sri Lanka, Mr. Ranil Wickremesinghe and Prime Minister of Mauritius, Mr. Pravind Jugnauth will witness the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, and also RuPay card services in Mauritius, on 12 February, 2024 at 1 PM via video conferencing.

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“NPST Joins Hand with DCB Bank: Empowering Seamless Online Dispute Resolution.”

the Company is delighted to announce its partnership with DCB Bank by way of securing the contract for the “Development, Implementation, Customization, and Management of Software Solution for
Online Dispute Resolution Solution for various Digital Payment Channels of the Bank.”
The Company has successfully developed and launched the Online Dispute Resolution
mechanism for its Merchants in UPI ecosystem. As per the RBI master Direction to implement the Online dispute resolution for all the digital payments, ODR System is fast and fair in providing ultimate experience for their issuance /grievances.

This ODR solution will reduce the actual TAT and dependency on the batch file processing to
assist the user with the Realtime status of transaction request. It will facilitate expeditiously and
in fair manner for providing ultimate customer experience and trust in services of DCB Bank
without any manual interventions.

https://nsearchives.nseindia.com/corporate/NPST_22022024111925_NSEIntimationDCBBank.pdf

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