This dividend aristocrat IT player is at all time high!

Jan 6, 2023

SAKSOFT

Established in 1999 by Autar Krishna and his son Aditya Krishna, Saksoft Ltd has been providing cutting-edge business intelligence and information management solutions to mid-tier companies in the USA and UK.

Jan 6, 2023

Note

Fundamentals:
- PE ratio cheaper than sector (~21 vs. ~26)
- sales have increased ~40% in last 12 months
- net margins have remained stable with ~3% increase in last 12 months
- profit has increased by ~26% in last 12 months
- ~21% return on equity and ~26% return on capital employed in the last full financial year
- stock is not in ASM/ GSM list
- Promoter holding has remained steady at ~68% with insignificant pledging
- debt to equity ratio good at 0.06 with good interest coverage ratio at ~37

Technicals:
- Price is at an all time high this week
- Price is in strong uptrend with increasing volumes
- price relative strength is higher than nifty