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RATING

RECOMMENDATION

Buy

Business Type

Dominant Leader

  • unlisted stock logo
    AGS Transact Unlisted Shares Essentials

ISIN

INE583L01014

Face Value

₹10.00

Total Share

11,85,80,576

Total Income

₹1,797.15 Cr

Profit After Tax

₹54.79 Cr

Promoter Holding

55.82 %

EPS

₹4.62

P/E

124.46

P/B

1.09

Market Capitalisation

₹6,818.38 Cr

Book Value

₹528.81 Cr

Intrinsic Value

₹155.00

Sector

Technology

Sub-sector

Technology Hardware

Category

Pre IPO

Cashflow - Operations

₹416.00 Cr

Cashflow - Financing

₹320.49 Cr

AGS Transact Growth

Compounded Sales Growth

  • -1.98%

    1 Year

  • 6.32%

    3 Year

  • 7.37%

    4 Year

Pro Only

Compounded Profit Growth

  • -34.00%

    1 Year

  • 143.78%

    3 Year

  • NA

    4 Year

Pro Only

Return On Equity

  • 10.36%

    1 Year

  • 17.17%

    3 Year

  • 0.95%

    4 Year

Pro Only

About AGS Transact

  • AGS Transact Technologies Limited (AGSTTL), together with its subsidiaries, provides cash and digital payment solutions, and automation technology products for the banking, retail, toll and transit, cash management, and fintech sectors in India and internationally.
  • AGSTTL offers offers payment solutions, such as automated teller machine (ATM) outsourcing and managed, cash management, transaction switching and digital payment, merchant, automatic vehicle fueling, agency banking, and electronic payment services, as well as intelligent cash deposit machines.
  • It also provides ATM machines, voice recognition and video teller machines, cash recyclers, and banking transaction terminals; currency technology solutions and note sorters; and other banking services that include annual maintenance, hardware and software upgrade, and spare parts for the repair of ATMs and other automated banking hardware products.
  • AGS Transact Technologies was founded by Mr. Ravi B. Goyal in 2002. The company services more than 4 lakh touch points.
  • In 2019, AGS Transact Technologies Limited, was recognized amongst Fortune India Next 500 companies. 

  • AGS Transact IPO Details

AGS Transact Technologies Limited has filed its DRHP on 18th August 2021 and will be coming out with their IPO very soon.

  • AGS Transact Funding

Funded By Funding Amount Date of Investment Funding Round Fund Name
Kotak Special Situations Fund ₹ 350 Cr - 1 -
  • AGS Transact Subsidiaries

  • India Transact Services Limited
  • Securevalue India Limited
  • Global Transact Services Pte. Ltd.
  • Novus Technologies Pte. Ltd.
  • Novus Technologies (Cambodia) Company Limited
  • Novus Transact Philippines Corporation
  • Novustech Transact Lanka (Private) Limited
  • AGS Community Foundation

  • AGS Transact Revenue Segmentation

  • Payment Solutions
  • Banking Automation Solutions
  • Asian countries
  • Others
  • AGS Transact Product & Services

  • Payment Solutions 
  • Banking Automation Solutions
  • Automation solutions for Retail, Petroleum and Color sectors.

  • AGS Transact Assets

Manufacturing and Warehouse facility: 

  • The company has a 47000+ square feet facility for production staging and testing of their ATMs and other products. This facility has the capactity to produce about 1500 ATMs per month.


AGS House, Navi Mumbai:

  • The company has a separate structure for housing their technical support, operation teams, monitoring centre and software lab which has an area of about 8000 square meters.
  • AGS Transact Industry Overview

Industry Statistics

Introduction: 

  • An automated teller machine (ATM) is an electronic banking machine that enables consumers to perform basic transactions using credit or debit cards. It is a specialized computer that manages money and performs functions such as cash withdrawal, cash deposit and fund transfer.
  • In India, the number of ATMs (excluding white label ATMs) installed increased from 199,099 as of March 31, 2016, to 213,575 as of March 31, 2021. The number of ATMs (including white label ATMs) operating in India’s ATMs market increased from 212,061 as of March 31, 2016, to 238,588 as of March 31, 2021, at a CAGR of 2.39%.
  • Trends in industry: The ATM industry in India, in terms of number of ATM transactions and revenues for MSP, was negatively influenced by the COVID-19 pandemic. The ATM managed services market declined by approximately 7% from financial year 2020 to financial year 2021 in terms of revenues. 
  • The number of ATMs in India has been increasing, due to the ease in setting up ATMs under the managed services and brown-label management models. The number of ATMs being managed by banks has been continually decreasing due to the advantages offered by other ATM management models.


Market size: 

  • The global ATM industry market size has increased to $18 billion at a CAGR of 7.7 percent and is anticipated to reach $ 30 billion by 2025 at a CAGR of 7.9 percent. 
  • APAC is the fastest growing market in the ATM services industry with an annual growth rate of 10.6 percent until 2020.
  • Between 2012 and 2020, ATMs in India grew at an average annual rate of 10%.

AGS Transact Awards & Achievements

AGS Transact Technologies became a Fortune India Next 500 Company; ranked 111 by revenue under Top Midsize Companies in 2019.

AGS Transact Technologies was awarded ‘India’s Greatest Brands 2018-2019’ by AsiaOne Magazine.

AGS Transact Technologies has won the award for its QR-Cash Solution under Technology - Category at 2nd edition BFSI InnoTribe Summit & Awards.

AGS Transact Technologies bagged the National Enterprise Leadership Award 2021 in the category Best Use of Technology (Financial Services) for its solution AGS QR Cash.

AGS Transact Technologies was recognized as The Economic Times 'Iconic Brands of India 2021'


AGS Transact Strengths

Strengths:

  • AGS have a strong market position in the ATM managed services industry and have long term contracts (of about 8 – 10 years) with both private and public sector banks.
  • AGS’s market position is underpinned by its established relationships with leading financial institutions, retail players as well as paint and petroleum majors. 
  • To capture the growing demand in digital payments space and improve the mix between cash and digital payments, the company has recently diversified into digital payments solutions (through fully owned subsidiary, ITSL) providing services like switching software, merchant solutions (POS machines), and other electronic payment solutions. 

AGS Transact Shortcomings

  • The company is deriving most of its revenues from customers belonging to the banking sectors in India, hence it is dependent on this particular sector to perform well in order to earn profits. This lack of diversification may harm the company in the long run. 
  • Company have moderate liquidity and can improve it.

AGS Transact Opportunities

  • India continues to be among the countries with the lowest penetration of ATMs. While India has 650,000 villages, there is one ATM for 10 villages. AGS can target the rural area and increase its penetration in rural areas.

AGS Transact Threats

  • Due to COVID many people are moving to cashless transaction and this may be a major treat for company.
  • Increase in other contactless transactions like UPI, for which a number of competitors have entered the market, can be a threat for the company

AGS Transact Rating

  • RECOMMENDATION

    Buy

  • AGS Transact Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

Registered Date

12/11/2002

Planify Ticker

Agt

Reg Office: 601-602, B-Wing, Trade World Kamala City, Senapati Bapat Marg, Lower Parel (West) Mumbai, 400 013

Website: https://www.agsindia.com/