I spent quite a bit of time looking at NIIT-TECH numbers over the last couple of weeks.
At the current market-cap of INR 770 Crores I firmly believe the stock offers significant value.
>Quality Management ,
>Quality Management ,
> Lower Concentration of Non-North American business ( 32% currently),
>Better EBITDA margin compared to peers ,
>Potential value unlocking through sale of 25% in NIIT-TECH which is held by NIIT
add to my level of comfort.
Snapshot of the model for the co which i built is shown.( I have assumed INR /USD 37.5 for the period with North-Am revenues as a % of Total Revenues decreasing by 0.75% on annualized basis)
Snapshot of the model for the co which i built is shown.( I have assumed INR /USD 37.5 for the period with North-Am revenues as a % of Total Revenues decreasing by 0.75% on annualized basis)
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