CMP: 122

Infotech Enterprises Limited operates as a total software solutions provider. The Group offers services in the areas of CAD/GIS, technical and business software, and in developing Intranet and Internet fields. The Group supplies its services to the global markets, including those of North America, Asia Pacific, Europe and India.

Infotech Enterprises is a decent bet in mid-cap IT space. Its currently trading at a P/E of 12 with decent dividend yields of 1% in the last 12 months. The company runs at Zero debt with 73 Crores of cash in hand. Revenues have steadily risen from 345 Crores to 648 Crores in the last 5 years. Profits have risen from 65 Crores to 118 Crores in the last 5 years. NPM has dipped marginally towards 18% over 5 years. Last few years have been sluggish and its not a great growth pick. Buy and book profits at 200 levels.