The company provides digital transformation and cyber security services to several industry verticals. They have expanded their global presence to the USA, southeast Asia, the Middle East, and Africa through direct and step-down subsidiaries.
Inspira ranked among the top 250 global MSSP providers by MSSP Alert in 2020.
Inspira Enterprise India IPO Objectives
• The net proceeds from the fresh issue will be utilised towards funding working capital requirements, prepayment or repayment of certain borrowings.
Why should you invest in the Inspira Enterprise India IPO?
Here are our top reasons:
- The company has gained considerable experience working in the verticals of cyber security, digital solutions, and integrated enterprise solutions.
- They operate through long-term bundled contracts, with a solution-led approach to strengthen client engagements, leading to higher client retention.
The Rs 800 crore IPO of Inspira Enterprise India Ltd. comprises new shares worth Rs 300 crore and an offer for sale of Rs 500 crore. The company is involved in providing digital transformation, focusing on cyber security.
IPO Financials
| Particulars | FY21 | FY20 |
|---|---|---|
| Revenue From Operation | 8,027.59 | 7,623.31 |
| EBITDA | 521.95 | 399.22 |
| EBITDA Margin (%) | 6.50 | 5.24 |
| Profit After Tax | - | - |
| EPS | - | - |
| ROE | 31.63 | 27.22 |
Know before investing
Strengths
3The company is active in cyber security, restricted by high entry barriers.
They have built cyber securities capabilities to offer end-to-end digital transformation across verticals.
Inspira enjoys an extensive footprint in India and abroad.
Risks
3Any breach in cyber security and unauthorised access to data can impact the company’s reputation.
They need to constantly increase their sales and improve the adoption of their security solutions to keep increasing their revenue.
The company faces intense competition from onshore and offshore IT companies, which can impact future cash flow.
Peer Comparison
| Company Name | Total Income (in Rs million) | P/E | EPS (Diluted) | Dividend Yield |
|---|---|---|---|---|
| HCL Technologies Ltd. | 763,060 | 25.56 | 41.07 | - |
| Happiest Minds Technologies | 7,977 | 124.34 | 11.45 | - |
| Birlasoft Ltd. | 35,747 | 35.64 | 11.29 | - |
| MindTree Ltd. | 81,195 | 42.16 | 67.41 | - |
| Tech Mahindra Ltd. | 386,422 | 25.20 | 50.18 | - |
| Wipro Ltd. | 643,256 | 31.36 | 19.07 | - |
| Tata Consultancy Service Ltd. | 1,673,110 | 38.17 | 86.71 | - |
| Larsen & Toubro Infotech Ltd. | 126,442 | 4,762.55 | 110.26 | - |
| Coforge Ltd. | 46,954 | 65.35 | 73.29 | - |
| Cyient Ltd. | 42,723 | 29.25 | 33.06 | - |
| Zensar Technologies Ltd. | 38,068 | 27.94 | 15.34 | - |
