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RATING

RECOMMENDATION

Buy

Business Type

Traditional Business

  • unlisted stock logo
    Aricent Technologies Unlisted Shares Essentials

ISIN

INE272I01010

Face Value

₹10.00

Total Share

13,11,96,104

Total Income

₹2,601.10 Cr

Profit After Tax

₹709.60 Cr

EPS

₹54.00

P/E

13.52

P/B

0.36

Market Capitalisation

₹9,577.32 Cr

Book Value

₹2,028.00 Cr

Sector

Information Technology

Sub-sector

IT Services & Consulting

Cashflow - Operations

₹192.70 Cr

Cashflow - Financing

-₹75.30 Cr

Aricent Technologies Growth

Compounded Sales Growth

  • 5.55%

    1 Year

  • 2.68%

    2 Year

  • 2.24%

    4 Year

Pro Only

Compounded Profit Growth

  • 232.52%

    1 Year

  • 91.35%

    2 Year

  • 39.46%

    4 Year

Pro Only

Return On Equity

  • 34.98%

    1 Year

  • 11.49%

    3 Year

  • 12.58%

    4 Year

Pro Only

About Aricent Technologies

Overview: 

  • The Company is a step-down subsidiary of Aricent (formerly known as the “Aricent Group”) of Capgemini SE, a listed entity formed and registered under the laws of France
  •  Aricent is a leading global engineering services and software company, with specialized expertise in the communications, semiconductors and software market segments.
  • Aricent Technologies Private Limited (ATPL ) is the only subsidiary of the company.  It holds 100% shares in the company.

Key facts:

  • Capgemini SE acquired Altran Technologies SAS (formerly known as Altran Technologies SA) (the former Ultimate Parent company of Aricent) at a global level in the first half of the calendar year 2020. Pursuant to the acquisition, all the Altran group companies, including  Aricent Technologies (Holdings) Ltd., are now a part of the Capgemini group.
  • Company’s total income has been increasing at a 4-year CAGR of 2.0%.
  • The company has a strong liquidity and solvency position.

  • Aricent Technologies Subsidiaries

Aricent Technologies Private Limited

  • Aricent Technologies Product & Services

The Company provides outsourced product development, product support services, and licensable software frameworks and solutions. Aricent’s service offerings provide a comprehensive product lifecycle of services for communications networks, as well as connected devices, applications, and mobile services.
Aricent is focusing on the following five service lines:
1. Communications
2. Semiconductors and Industrial
3. Enterprise Software and Consumers
4. Product Service and Support
5. Innovation
  • Aricent Technologies Industry Overview

Industry Statistics

Introduction: 

  • The IT industry accounted for 8% of India’s GDP in 2020. Exports from the Indian IT industry are expected to increase by 1.9% to reach INR 10,80,000 Cr. in FY21. In 2020, the IT industry recorded 138,000 new hires
  • India is the leading sourcing destination across the world, accounting for approximately 55.0% market share of the INR 14,40,000-18,00,000 Cr. global services sourcing business in 2019-20.

Market overview: 

  • The IT & BPM industry’s revenue is estimated at INR 13,96,800 Cr. in FY21, an increase of 2.3% YoY. The domestic revenue of the IT industry is estimated at INR 1,45,800 Cr and export revenue is estimated at INR 10,80,000 Cr in FY21.
  • Indian software product industry is expected to reach INR 7,20,000 Cr by 2025. Indian companies are focusing to invest internationally to expand global footprint and enhance their global delivery centers
  • The data annotation market in India stood at INR 1,800 Cr. in FY20, of which the US market contributed 60.0% to the overall value. The market is expected to reach INR 50,400 Cr. by 2030 due to accelerated domestic demand for AI

Future Prospects

Investment Scenario:

  • Indian IT's core competencies and strengths have attracted significant investment from major countries. The computer software and hardware sector in India attracted cumulative foreign direct investment (FDI) inflows worth INR 449,784 Cr. between April 2000 and September 2020. The sector ranked 2nd in FDI inflows as per the data released by Department for Promotion of Industry and Internal Trade (DPIIT)
  • Leading Indian IT firms like Infosys, Wipro, TCS and Tech Mahindra are diversifying their offerings and showcasing leading ideas in blockchain and artificial intelligence to clients using innovation hubs and research and development centers to create differentiated offerings

What India Offers?

  • Growing demand: Expanding economy to propel growth in local demand. Strong growth in demand for export from new verticals
  • Global Footprint: Indian IT firms have delivery centers across the world and are well diversified across verticals such as BFSI, telecom and retail.
  • Competitive Advantage: A preferred destination for  IT & BPM in the world, it continues to be a leader in the global sourcing industry with 52.0% market share (as of FY20) in services exports from the country.

Government Initiatives


  • In Budget 2021, the government has allocated INR 53,108 Cr. to the IT and telecom sector
  • Department of Telecom, Government of India and Ministry of Communications, Government of Japan signed a MoU to enhance cooperation in areas of 5G technologies, telecom security and submarine optical fiber cable system. 
  • In 2020, the government released “Simplified Other Service Provider” (OSP) guidelines to improve the ease of doing business in the IT Industry, Business Process Outsourcing (BPO) and IT-enabled Services

Aricent Technologies Strengths

  • Aricent is a step-down subsidiary of Capgemini Group. Capgemini is a global leader in consulting, digital transformation, technology and engineering services. 
  • Company’s EBITDA increase by 16.0% in FY20 when compared to the previous FY.
  • The company has a strong solvency position with a debt-to-equity ratio of 0.05x and interest coverage ratio of 19.0x
  • The company has a strong liquidity position with a current ratio of 4.6x.
  • The company has healthy earning margins.
  • The company has lower PE Ratio than its peers.

Aricent Technologies Shortcomings

  • Company’s revenue has grown at a slower pace when compared to its peers.

Aricent Technologies Opportunities

  • India is the topmost offshoring destination for IT companies across the world. The industry is expected to grow to INR 25,20,000 Cr. by 2025 and BPM is expected to account for INR 3,60,000 Cr. of the total revenue.
  • In 2020, the government released “Simplified Other Service Provider” (OSP) guidelines to improve the ease of doing business in the IT Industry, Business Process Outsourcing (BPO) and IT-enabled Services.
  • The next wave of demand for skills in technologies like 5G and edge computing is likely to increase. 

Aricent Technologies Threats

  • The company faces a tough competition from other well-established names like Tata Consultancy services, Wipro, Infosys, Cognizant, Tech Mahindra and Accenture.
Aricent Technologies Rating

  • RECOMMENDATION

    Buy

  • Aricent Technologies Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

Registered Date

14/06/2006

Planify Ticker

Art

Reg Office: 5, Jain Mandir Marg (Annexe.), Connaught New Delhi DL 110001 India

Website: http://www.altran.com