Fundamental analysis - Mindtree
Hello dosto, namaskar and welcome back to another fundamental analysis special podcast by Angel Broking.
Agar aap hamare podcasts sunte ho, aapne shayad notice kiya hoga ki, we always recommend that you analyse stocks carefully before investing.
Analysis before investing is as important as knowing a person before you hire them or marry them. Haina? Thoda bahut research karte hi honge nah aap? I am sure kartein hongein kyuki every choice has its consequences.
So it’s clear that before you invest time on a person, aap unki history and unke baare mein information lena chaahoge. Toh obviously before you invest money in a stock, there should be a list of details jo aapko pata honi chahiyee, before investing. Hain ki nahi?
Aaj hum aapko batane wale hai how to go about conducting a fundamental analysis of a stock before investing. Aaj hum Mindtree company ka fundamental analysis karenge. Aap iss process ko dusre bhi companies ke liye replicate kar sakte ho.
Jab aap fundamental analysis kar rahe ho, toh the first step is to find out what the company does and how it performs at what it does.
What is Mindtree?
Mindtree is one of the leading mid cap IT service providers
It is part of the L&T
Its revenues crossed USD 1bn in FY20.
The company has a very strong presence in BFSI - jo hai banking and financial services, Communications, Media & Technology, Retail, CPG & Manufacturing, and Travel & Hospitality segments.
What potential does Mindtree display?
Expectations yeh hai ki Mindtree will see top quartile growth, that is 50% + growth abhi kyunki Mindtree ke kai feeder sectors mein recovery ho raha hai, jaise ki travel and tourism aur retail.
Mindtree ke top-clients mein growth ka anticipation hai.
Mindtree ke deal wins have been strong in Q1FY22 and top brokerages as well as expert investors, expect the momentum to sustain in the upcoming quarters.
We expect the company to post revenue/PAT growth of 11.7%/35.2% between FY21-FY23 given strong pick-up revenues due to ramp up of new deals.
Humara yeh bhi expectation hai ki margins will remain stable at over 20% going forward, in line with management guidance.
Aage, fundamental analysis ke 4 parts hai - yeh hai:
Macroeconomic analysis, jo economy pe dhyan deta hai with a focus on factors that might impact the company at hand
Industry analysis jo relevant sector ka evaluation karta hai
Situational analysis, jo 2021 mein zyada hi relevant hai thanks to Covid-19
Macroeconomic analysis ke liye you can refer to various government websites nahi toh financial newspapers se bhi aap iss information ke baare mein jaan saktein ho. According to IBEF, "India’s real gross domestic product (GDP) at current prices stood at Rs. 195.86 lakh crore in FY21" as per official estimates for 2020-21.
FY 2021 ke tisri quarter mein GDP growth almost negligible raha, lekin kam se kam there was some growth, at a very modest 0.4% - yeh National Statistical Office ka estimated figure hai.
FY 2022 mein GDP growth is anticipated at 11% according to the 2020-2021 Economic Survey. Yeh actually ho jayega toh really dost, it will be awesome. Let's hope it happens.
Government ne November 2020 mein Rs. 2.65 lakh crore ka stimulus package announce kiya tha. Iska goal hai the creation of job opportunities and provision of liquidity support jo dher saare sectors mein abhi necessary hai, jaise ki tourism, aviation, construction and housing etc.
Yeh the kuch points jo humne nikala research karke. Aap bhi iss tarah desh ka economic scenario evaluate aur analyse kar sakte ho. Hum sirf aapko raasta dikha rahe hain. The next step is all yours to take..
Next destination hai industry analysis, jisse aap sector analysis bhi bol sakte ho.
Sector analysis ke liye you might need to keep an eye on the news pertaining to the given company's sector of operation. Aap google alert bhi set kar sakte ho, so as to not miss any news.
Yeh the kuch points jo Mindtree se relevant hai:
IT sector ka desh ke GDP mein 8% ka contribution raha
IT sector ka in-country revenue hai USD 45 billion as of FY 2021
Yeh do points se IT sector ka relevance aur potential apparent ho gaya hain.
Agar aapko yaad hai, we discussed the main industries that Mindtree services and manufacturing was one of them. Earlier this year sarkar ke Ministry of Electronics and IT (MeitY) ne large-scale electronics manufacturing ke dusri round ke liye applications invite kiya hai under the production-linked incentive (PLI) scheme.
Sarkar ne display fabrication, aur mobile hardware manufacturing ke liye bhi incentive scheme shuru kiya hai.
Yeh 2 developments se - ho sakta hai - ki Mindtree ke ek-do feeder sector activate ho jaaye, namely manufacturing and tech Aur Make In India initiative se bhi manufacturing sector mein growth ho sakta hai
Mindtree also supplies IT services to the BFSI sector jaha pe huge changes ho raha hai - FinTech has revolutionised the way people invest, borrow, pay, transfer and trade toh IT service providers might potentially see lots of projects to set up, streamline or update the IT infrastructure of BFSI companies as they try to keep pace. Mindtree is a provider of artificial intelligence aur BFSI sector mein toh AI is the flavour of the year!
Situation analysis karna hi hai lekin take your own - or anyone else's analysis with a pinch of salt kyunki abhi bhi pandemic situation uncertain hai. Itna zaroor bol sakte hai: companies are finding ways to carry out their business and people are finding ways to work, travel, live and enjoy life with reasonable precautions. Agar log enjoy kar rahe hai toh spending bhi ho raha hai. Abhi toh humare desh mein unlock chalu hua hai aur situation filhal thoda behtar lag raha hai.
Ek aur baat yeh hai ki AI aur IT services ke liye demand has increased in current times - the pandemic made little difference and in some cases, increased demand for these services.
Financial analysis ke liye you must observe the balance sheets of the company for the past 3 to 5 years, or more. Observe its assets versus its liabilities and it's revenue versus its expenditure. According to a statement by Mindtree, it saw revenue growth of 5.2% in the last quarter of FY21. Financials kisi dusre ke kehne pe mat jao - it is easy to gloss over questionable numbers. Khud se research bhi zarur kariye.
Toh Doston, fundamental analysis aise kiya jata hai. Make it a habit. Agar yeh podcast aapke liye useful raha toh ise share karo with friends and family who are investors like you. We will be doing some more fundamental analysis podcasts - issi ke jaise.
Jaane se pehle, ek baat yaad rakhiyega ke stock market investing mein risk hamesha rahega. This podcast has been made for educational purposes only and the investor must do his own research as well.
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