CMP: 78


Geodesic Limited develops messaging and e-business solutions. The Company markets an instant messaging technology which enables users to set up, manage, and broadcast information to other users across networks including cell phones and personal digital assistants. The Company also provides consulting services.

Geodesic is a small cap IT company. Its P/E is little above 3 which is by far very low for the IT Sector. Very good dividend yields of little over 2% a year. Liabilities are a little on the higher side. Excellent NPM of 35% which has consistently stayed high in the last 5 years. Revenues have grown 4 fold and bottom-line has grown over 2 fold in the last 5 years. The Stock is fundamentally good and should see P/E re-rating sometime in the future. Buy with minimal exposure and keep your expectations realistic.