RATING

RECOMMENDATION

Speculative Investment

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Speculative Investment

Business Type

Traditional Business

RATING

RECOMMENDATION

Speculative Investment

Business Type

Traditional Business

Discover and get a complete analysis on Aricent Technologies Pre IPO - Aricent Management Business Model, Financials, Growth, Valuations, Funding Rounds, News and get latest updates on Aricent Financial Statements.

ISIN

INE272I01010

Face Value

₹10.00

Total Share

13,11,96,104

Total Income

₹2,610.00 Cr

Profit After Tax

₹196.00 Cr

EPS

₹15.00

P/E

45.33

P/B

3.50

Market Capitalisation

₹8,921.34 Cr

Enterprise Value

₹8,962.74 Cr

Book Value

₹194.54

Intrinsic Value

₹211.50

Earnings Yield

2.21 %

Sector

Technology

Category

Small Cap

Cashflow - Operations

₹956.50 Cr

Cashflow - Financing

-₹105.20 Cr

Aricent Technologies Growth

Compounded Sales Growth

  • 3.24%

    1 Year

  • 1.95%

    3 Year

  • 1.85%

    5 Year

Pro Only

Compounded Profit Growth

  • -72.11%

    1 Year

  • -0.56%

    3 Year

  • 0.78%

    5 Year

Pro Only

Return On Equity

  • 7.68%

    2021

  • 11.92%

    2019

  • 12.72%

    2017

Pro Only

About Aricent Technologies

  • Aricent Technologies provides communication software for the communications industry. The Company offers middleware, consumer and enterprise applications, network management, service provisioning, and billing mediation.
  • 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.
  • 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., became a part of the Capgemini group.
  • The company was founded in 1991 and with Altran's acquisition by Capgemini, the successors of Aricent are incorporated into Capgemini Engineering. The company heads its operations from its office in Gurugram, Harayana in India.

  • Aricent Technologies IPO Details

Presently there is no news for Aricent Technologies upcoming IPO.

  • Aricent Technologies Funding

Funded By Funding Amount Date of Investment Fund Name
Kohlberg Kravis Roberts $ 60 M 23 Sep 2008 Private Equity Round
Flex, Kohlberg Kravis Roberts $ 4.70 M 11 Feb 2008 Post-IPO Equity
  • Aricent Technologies Merger & Acquisition

Acquisition

  • On 8 April 2020, Capgemini completed the acquisition of Altran(the ultimate holding company of Aricent Technologies) and acquired 110,571,163 shares for $4.1 billion. Capgemini will hold 98.15% of Altran’s share capital and at least 98.03% of Altran’s voting rights upon settlement. This acquisition was done with an aim to offer Capgemini a lead position with full stack of capabilities across research and development (R&D) strategy, digital design, product engineering, manufacturing services, software development and integration.
  • At the end of 2017, Altran acquired Aricent Technologies at a value of US$2 billion in an all-cash transaction. Altran acquired California-based Aricent (formerly Flextronics Software Systems) from a group of investors led by private equity firm KKR and Co. LP, which had a 79% stake in the company. The transaction got closed in March 2018 and resulted in significantly expanding Altran’s leadership and market position. 
  • In March 2011, Ambience Limited and Domestic Fund 4, a fund of Indiareit fund Advisors Pvt. Ltd, paid INR 2.1 billion to Aricent Technologies (Holdings) Limited for a 17.63-acre land on the Old Gurgaon Highway. Aricent Technologies was represented by Jones Lang LaSalle India.
  • Aricent Technologies Revenue Segmentation

  • Sale of services
  • Product sale
  • Other income
  • 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 service lines:
1. Communications
2. Semiconductors and Industrial
3. Enterprise Software and Consumers
4. Product Service and Support

  • Aricent Technologies Assets

The company's assets as at 31 March 2021:
  • Leasehold Improvement(Owned) - INR 113.5 Cr
  • Computer equipment - INR 290.3 Cr
  • Plant and equipment - INR 31.4 Cr
  • Aricent Technologies Industry Overview

Industry Statistics

  • The information technology (IT) sector is comprised of companies that produce software, hardware or semiconductor equipment, or companies that provide internet or related services. The IT and ITES industries comprises of majorly four segments- IT services, business process management (BPM), software products and engineering services, and hardware.
  • As per a report by McKinsey & Company, the Indian tech industry is valued at US $194 billion in 2021 and has registered 7.5% growth rate over the last five years.
  • The growth of IT and services sector in India is attributable to low cost of operation and tax advantages, availability of technically skilled manpower, rapid introduction of IT technologies in major sectors such as telecom, BFSI and more, adoption of new technologies like cloud computing, artificial Intelligence, Big Data, and strong growth in export demand.
  • Regulations in Industry - The Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 mandates a three tier grievance redressal system and more transparency regarding the content moderation process on social media platforms. The government had introduced the IT Rules 2021 in February and companies were given three months to fulfil all requirements.
  • The Information Technology Act, 2000 is the primary legislation in the country that governs all digital technology related matters. It covers the vast ambit of web content to privacy and more.
  • IT and services companies like Infosys, Wipro, Mastek, Zensar Technologies are key competitors of the company.

Future Prospects

  • India is the world's most popular outsourcing destination for IT companies. After demonstrating its ability to deliver both on-shore and off-shore services to global clients, evolving technologies now open up a whole new world of possibilities for India's top IT enterprises. By 2025, the industry is anticipated to be worth US$ 350 billion.
  • 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 which is a segment where the company can look to expand.

Government Initiatives

  • The National Policy on Software Products-2019 has been approved by the Union Cabinet on February 28, 2019 with a vision to drive the rise of India as a Software Product Nation and synergise with the IT/ITES sector, so as to make India as a global player in development, production and supply of innovative and efficient Software Products, thus facilitating the growth across the entire spectrum of ICT.
  • For the promotion of Software exports from the country, the Software Technology Parks of India was set up in 1991 as an Autonomous Society under the Ministry of Electronics and Information Technology. The STP scheme allows software companies to set up operations in convenient and inexpensive locations and plan their investment and growth driven by business needs.
  • India’s Ministry of Home Affairs and the National Critical Information Infrastructure Protection Centre are working on a new national strategy to strengthen the country’s cyber security amid allegations that Chinese intrusions may have affected operations at a key stock exchange and supply of electricity in Mumbai.
  • In Budget 2021, the government has allocated INR 53,108 Cr. to the IT 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

  • The company is a leader in software design and engineering and has been able to capture a wider market after becoming a part of Capgemini Engineering. 
  • The company became a step-down subsidiary of Capgemini SE post the acquisition of Altran. The acquisition allowed Aricent to benefit from a strategic position on emerging technologies such as artificial intelligence, cognitive systems and the Internet of Things(IoT).

Aricent Technologies Shortcomings

  • The company, being a part of the IT services industry, requires highly skilled labour. In India there is shortage of such kind of workforce and the portion of labour that is skilled comes at higher cost which can hamper the company's growth.

Aricent Technologies Opportunities

  • New specializations are opening up in areas like artificial intelligence(AI), machine learning, blockchain, telemedicine, robotics etc in the IT services industry. The company should reposition itself and look to explore these avenues for their future growth.

Aricent Technologies Threats

  • The company belongs to the IT services sector which has faced an overall decline in its growth rate due to the impact of the pandemic across the country.
  • 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

    Speculative Investment

  • Aricent Technologies Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

17/01/2022

Registered Date

14/06/2006

Planify Ticker

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• 6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.
Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of stock_name_auto Unlisted Shares depends upon category of investors.
• 1. Venture Capital Funds or Alternate Investment Fund of Category -I or II, or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of stock_name_auto Unlisted Shares.
• 2. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of stock_name_auto Unlisted Shares.
This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the stock_name_auto Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
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• a. ISIN number of stock_name_auto Unlisted Shares.
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• c. Quantity of stock_name_auto Unlisted Shares
• d. Cosideration Amount
• e. Target DP ID and Client ID
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2. Online DIS - Some of the broker these days gives facility of transferring the stock_name_auto Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the stock_name_auto Unlisted Shares by filling the details similar to Ofline-DIS.

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our Planify platform, if somebody wants to buy stock_name_auto Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable.

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Check credit of stock_name_auto Unlisted Shares Instantly?
• 1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
• By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Demat Account = DP ID + Client ID. (16 Characters )
• "DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
• In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
• Example:
• CDSL = 12345678(DP ID) and 91234567(Client ID).
• NSDL = IN123456 (DP ID) and 78912345(Client ID).
• Check in brokers application?
• Credit of stock_name_auto Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

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If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

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We at Planify do the valuation based on 2 methods.
• 1. We check the last funding that is being done in the stock_name_auto Unlisted Shares to ascertain the benchmark valuation.
• 2. If there is no funding happened in the company, then we try to find a business similar to stock_name_auto Unlisted Shares in the listed space and do comparison method to ascertain the valuation.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their stock_name_auto Unlisted Shares.

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Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

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Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of stock_name_auto Ltd unlisted share.

We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of stock_name_auto Ltd unlisted shares with us.

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