Be cautious when investing Co is having B2G model and concentrated on few clientbase since backing up of single client may cause setbacks and future guidance ( just like we have recently seen in Co not getting PAN -2.0 order from IT ).
Co has seen few resignation in recent past which should be taken into concern.
Co has approx lost future revenue of Rs 1400 c which was supposed to come from PAN 2.0 project, now personally i feel rerating will happen only after Co book substantial new orders justifying that amount till then investor need to have patience which may go longway.
Recently started tracking the entity after management change. Anyone tracking the entity kindly share some insight on below aspects:
Cash sitting on balance sheet - With last reported numbers can we assume apprx INR 250 available per share and how this impacts valuation.
Need to look at PAN validation revenue as every digital loan/account will pass through this step. Is there any competition here and what is the revenue per validation request.
