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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

53.33

P/B

4.11

Market Capitalisation

₹10,495.69 Cr

Enterprise Value

₹10,537.09 Cr

Book Value

₹194.54

Earnings Yield

1.88 %

Sector

Information Technology

Sub-sector

IT Services & Consulting

Cashflow - Operations

₹956.50 Cr

Cashflow - Financing

-₹105.20 Cr

Aricent Technologies Growth

Compounded Sales Growth

  • 2.48%

    1 Year

  • 1.89%

    3 Year

  • 1.86%

    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%

    1 Year

  • 11.81%

    3 Year

  • 12.72%

    4 Year

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

  • Capgemini acquired 110,571,163 shares of Altran(the ultimate holding company of Aricent Technologies) in connection with the final reopening of the friendly tender offer as stated by the French financial market authority, Autorité des marchés financiers (AMF).Upon settlement and delivery of the reopening, scheduled on April 8, 2020, Capgemini will hold 98.15% of Altran’s share capital and at least 98.03% of Altran’s voting rights. Capgemini acquired the Paris-based engineering consulting firm Altran Technologies for $4.1 billion 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.
  • French engineering, research and development (ER&D) company Altran Technologies SA has acquired US software design and engineering services firm Aricent Inc. at an enterprise 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. Altran acquired Aricent end of 2017, with more than 10,500 employees before the transaction closed in March 2018, significantly expanding Altran’s leadership.
  • 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

Art

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

Website: http://www.altran.com