ESDS Unlisted shares Price I Planify

ESDS Software Solutions

₹265.00
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ROFR Required
No

Available in Depository:
NSDL
CDSL

Available for Investment:
Primary
Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Near Leader

Investment Checklist

Management

Accounting Practice

Profitability

Solvency

Growth

Valuation

RATING

RECOMMENDATION

Neutral

Business Type

Near Leader

ESDS Unlisted Shares Essentials
Share

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

ISIN

INE0DRI01029

Face Value

₹1.00

Total Share

5,22,21,000

Total Income

₹174.10 Cr

Profit After Tax

₹5.48 Cr

EPS

₹1.03

P/E

257.28

P/B

0.82

Market Capitalisation

₹1,383.86 Cr

Enterprise Value

₹1,666.14 Cr

Book Value

₹323.15

Intrinsic Value

₹305.00

Earnings Yield

0.39 %

Sector

Information Technology

Sub-sector

Software Services

ESDS Growth

About ESDS

ESDS Software Solution Limited ("ESDS" offers Cloud Computing Infrastructure as a Service, Software as a Service, and Managed Services.
It offers eNlight Cloud, a cloud computing Infrastructure as a Service; and community cloud and cloud applications. The company also provides disaster recovery, SAP HANA hosting, mobile application hosting, application development, cross platform disaster recovery, backup and recovery, colocation data center, and email migration services; database administration, consulting, and hosting services; and artificial intelligence, digital banking, hosted payment platform, IT Infrastructure and cloud hosting, banking software, and ATM card management and solution for banking industries.
In addition, the company offers smart city community cloud solutions; eMagic, a web-based system for IT asset management, device deployment, server monitoring, and network management in datacenters; application performance monitoring solutions; eNlight Meet, a personalized, scalable, and secure video conferencing solution; and content delivery network solution. Further, it provides SOC as a service, security insight, and secure access services; VTMscan; eNlight WAF, an intelligent cloud hosted web application firewall; and eNlight WebVPN, an intelligent, cloud-hosted, and clientless VPN solution. Additionally, the company offers commercial cloud data center, data center network infrastructure, and data center security infrastructure services.
They provide products across a variety of markets, including those in the APAC region, Europe, the Middle East, the Americas, and Africa, as well as government ministries and businesses and corporate entities in industries like BFSI, manufacturing, IT, and ITES, telecom, real estate, pharmaceuticals, retail, and education.
ESDS Software Solutions Limited started its operations in 2005 in Nashik(India). The company employs over 1000+ people worldwide with a global footprint in 19 nations across APAC, Europe, Middle East, Americas, and Africa.

ESDS IPO Details

ESDS Software has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise finance through an initial public offering (IPO). The ESDS IPO consists of a Fresh Issue of Rs 322 crore and an Offer for Sale (OFS) of up to 21.53 million equity shares by its investor shareholders and promoter group shareholder.

ESDS
Fresh Issue

₹ 320.00 Cr

ESDS
Total IPO Size

₹ 320.00 Cr

ESDS
Offer for Sale No. of Shares

2,15,25,000 Cr

ESDS
Fresh Issue No. of Shares

3,23,50,685 Cr

ESDS
Total IPO No. of Shares

8,45,71,685 Cr

ESDS Funding

Funded By	Funding Amount	Date of Investment	Funding Round	Fund Name
Global Environment Fund Management	Undisclosed	05 Jun 2018	2	Growth
Canbank Venture Capital Fund	₹ 250000000	12 Feb 2015	1	Growth

ESDS Subsidiaries

ESDS Internet Services Private Limited (India)
ESDS Global Software Solution Inc (USA)
ESDS Cloud FZ LLC (UAE)
Spochub Solutions Private Limited (India)

ESDS Business Model

ESDS Internet Services Private Limited (India): Esds Internet Services Private Limited was established on February 1, 2010, and is a private company. It helps build a comprehensive services framework that delivers leading-edge voice, video, IT applications, and multimedia content services over an IP-centric network. Piyush Prakashchandra Somani and Sarla Prakashchandra Somani serve as directors for Esds Internet Services Private Limited.
Spochub Solutions Private Limited (India): SPOCHUB is a curated collection of cutting-edge software solutions, making it quick and straightforward for clients to search and deploy software solutions that meet their needs as a business. They offer a SaaS Platform to host their products to the clients. They serve in 14 different sectors, which includes Web security, Healthcare, Asset management, E-mail solutions, Passwordless & SSO, ERP solutions, Endpoint Backup & Security, Warehouse Management, Video & Data Analysis, OTT platform, HRMS, Communication Platform, GRP and Education

ESDS Revenue Segmentation

Cloud hosting and managed services
Technical support services

Other Income

ESDS Product & Services

ESDS provides the following services :

Cloud Computing Infrastructure as a Service (IaaS)

Software as a Service (SaaS)

Managed Services

ESDS has the following products in its portfolio:

eNlight cloud

eMagic

VTMscan

eNlight WAF

eCOS

eNlight IoT

eNlight Meet

eNlight SIEM

AA+

eNlight DRM

eNlight360

IPAS ERP

ESDS Assets

As of 31st March, 2021 company's fixed assets are bifurcated as follows:

Tangible Assets (in Rs cr.)

Land	6.45
Leasehold land improvements	5.13
Buildings	10.71
Computers and data centre equipment	141.79
Office equipment	35.02
Furniture and fixture	5.53
Vehicles	2.37
Right-of-use of assets	99.50
Capital work-in-progress	0.37

Intangible Assets (in Rs cr.)

Intangible assets	4.20
Intangible assets under development	4.69
Non-current financial assets(Security deposits)	23.04

ESDS Industry Overview

Industry Statistics

Introduction:

The IT software service market includes Infrastructure as a Service(IaaS), Software as a Service (SaaS) and Platform as a Service(PaaS). IaaS is a cloud computing service that provides necessary processing, storage, and networking resources on demand and on a pay-as-you-go basis. Platform as a Service (PaaS) is a cloud computing concept in which consumers receive hardware and software resources via the internet from a third-party supplier. The SAAS services market is defined as the revenues from services related to application development, application management, and performance monitoring.
The industry gets its major customer from the Information technology, e-commerce, media and communications, telecom, manufacturing, government, logistics and transportation, and retail (excluding e-commerce) sectors

Market size:

According to Ken Research Analysis, Indian cloud services market has grown at a CAGR of 27.8% from 2015 to 2020. The same is demonstrated by the graph on the right :
This rise was driven due to the increasing demand for better infrastructure, the financial advantages of cloud computing, and the successful efforts made by the Indian government to advance digital India and the nation's IT infrastructure.
The growth of the whole IT segment has been bullish in the past few years and is forecasted to grow at the same pace because of the remarkable transformations in the IT industry. Once such transformation in the sector is migration to the cloud, due to cloud computing's many advantages, several sectors are switching from on-premise applications to cloud services. The IT sector ranked 2nd in FDI inflows per the data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

Key Trends

The IT industry is the most dynamic industry of all, and it has a significant shift in the base technology used every 8 to 10 years.
The key trends in the market include new advancements for a better future like the Internet of Things, Blockchain, Machine Learning, Artificial Intelligence, Augmented Reality, Data advancement like 5G, and so on. These new advancements are leading to further modifications like growing hybrid Cloud computing, Integration of Big Data, IoT, & Cloud Computing, and on-demand Cloud services are rising.
Key players in these advancements in India include TCS Ltd, Wipro Ltd, Happiest Minds Technologies Ltd, Larsen & Turbo Infotech Ltd, HCL Technologies Ltd, and Tata Elxsi Ltd
These technological advancements have given rise to a pool of opportunities like VR/AR gaming, Metaverse, web3, robotics, web-tech, food-tech, mobile apps, and so on.

Major Players:

The four key players in the Indian IT sector are Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies, and Wipro Ltd. They are blue chip scrips with the industry's most extensive client base and revenue.

Listed Peers:

The listed peers of ESDS Software Solution Limited as per its market capitalisation and portfolio sizes are Subex Ltd, Accelya Solutions India Ltd, and Sasken Technologies

Future Prospects

Continued growth in artificial intelligence, big data analytics, and cloud computing. Big data and AI are the keys to future growth, and Indian technology companies focus on gaining more in this segment as it is high growth and potential market.
Rising demand from businesses across all IT segments, with a pronounced acceleration in demand for cloud services, providing considerable monetisation opportunity to the company in the future as it is already working in the segment.
According to Ken Research Analysis, the Indian cloud services market is expected to grow at a CAGR of 34.7%, from Rs. 284.4 billion in 2020 to Rs. 1,261.7 billion in 2025. The same is represented by a chart on the left:
Big MNCs like AWS, IBM and Microsoft are already in the race with Indian IT companies in the Indian software service market. Also, other well know big corporations like HP, SAP, and Oracle, after analysis of the enormous growth opportunity, have started doing business in the Indian cloud market.
The data consumption is expected to double to 25 GB per month per user by 2025, fueled by the introduction and adoption of 5G, change in working patterns, augmented consumption of mobile-video content led by COVID-19 and affordable pricing. Mobile data traffic per month is also expected to grow at a CAGR of 23%, from 4.6 exabytes in 2018 to 16 exabytes in 2024.India has the lowest data rate in the whole world , currently it is stated at 0.07 dollar per GB of Data.

Government Initiatives

The IT sector is governed by the Ministry of Electronics and Information Technology (MietY)
An executive department of the Union Government of the Republic of India is the Ministry of Electronics and Information Technology (MeitY). On July 19, 2016, it was separated from the Ministry of Communications and Information Technology to become a separate ministerial organisation in charge of IT policy, strategy, and the growth of the electronics sector.
The Government of India unveiled the Meghraj cloud program in February 2014. The project was started to hasten the distribution of e-services throughout the nation. This program was begun to assure speedier eGov application deployment and optimal Cloud infrastructure use. On July 2015, the Government of India launched another program named the ‘Digital India Programme’, with a vision of propelling the efforts to transform India into a digitally empowered society and knowledge economy. One of the government's major programs, DigiLocker, was introduced on July 2015 to transform India digitally. The platform offers access to over 3.45 billion digital documents published by roughly 100 issuers as of 2020.
Further, it was envisaged that the digital ecosystem could generate an economic value of USD 1 trillion, which would play a crucial role in achieving the USD 5 trillion economy target by 2025.
Government push for data localisation requirements will provide domestic data storage providers a shot. Government and enterprises are showing an appetite for cloud computing services, including Infrastructure-as-a-Service and Software-as-a-Service, which has attracted significant inward investment from global leading vendors, creating a virtuous circle.
Government push for developing the Internet of Things industry will create opportunities for networking, software, and services vendors in India over the medium term.

ESDS Awards & Achievements

Recognized as the Best Tech Brand 2020-21 at the Best Tech Brands 2021 by The Economic Times - 2021
Best Mid-Segment Data Center Award at the Data Center Industry Awards for Excellence 2021 - 2021
Recognized by the Great Place to Work Institute for its ‘commitment to being a great place to work’- 2021
Ranked 28th amongst India’s Best Companies to Work for by Great Place to Work Institute India and The Economic Times - 2020
Recognized as among India’s 50 Best Workplaces for Women 2020 by Great Place to Work Institute India - 2020
Recognized as N 15th Best Small & Medium Workplaces in Asia 2020 by Great Place to Work Institute - 2020
The Nashik Best Employer Brand Award 2019 was awarded at the 14th Employer Branding Awards - 2019
Ranked 2nd in the Great Mid-Sized Workplaces of India by Great Place to Work Institute India - 2019
The award for Best Web Hosting and Data Centre Service Provider in West India was conferred at the Global Business & Service Excellence Awards 2014 by Prime Time Research Media Private Limited - 2014
Best Web Solution and Data Center Service Provider in Maharashtra conferred at the Global Business & Service Excellence Awards 2013 by Prime Time Research Media Private Limited - 2013
Most Promising Banking Technology Solutions & Service Provider in North Maharashtra conferred at the Business & Service Excellence Awards 2012 by Big Research - 2012
Outstanding HP Storage Business 2011-2012 conferred by HP - 2012

ESDS Strengths

ESDS Solutions is the first company in India to introduce cloud computing by introducing in-house developed eNlight Cloud. This makes them market veterans with more than 16+ years of experience in the cloud computing field
Company has received 92.88% of its revenue from long-term contracts. This shows the company has a reliable client base, which can give a certain amount of consistent income for the future.
ESDS Solutions had an extension of appointment as a cloud service provider with MEITY, the Indian government. This gives them an upper edge in booking new clients and increases the trust of dependability.

ESDS Shortcomings

The company's debt increased significantly, which affected the interest cost and shrunk the company's net income.
The company's interest coverage ratio is falling, which can be a significant issue for its working capital requirements.
The company is not able to generate good returns against its assets, and to its shareholders it's ROA and ROE are way lower when compared to its peers

ESDS Opportunities

Comprehensive offering to address govt needs to be named G-SaaS, which can benefit ESDS software solutions as it is an authorised distributor on GeM empanelled with MeitY.
One ample opportunity can be multiple partnerships with a diverse set of stakeholders, including the government, for innovative city projects & metering, STPIs, MNCs, and large tech companies
The market for cloud infrastructure is predicted to grow as big data, analytics, artificial intelligence, and the Internet of Things (IoT) become more widely used. This is an ample opportunity for the company to grab on as it
Cloud computing is anticipated to rise due to increased government spending on the National Optical Fibre Network (NOFN), several e-governance portals, and new initiatives like Digital India and Meghraj.
Government push for data localisation requirements will provide a shot in the arm to domestic data storage providers, which is a big positive for ESDS Software solutions.

ESDS Threats

India reported 1.16 million cyber security cases in 2020, 3X more than in 2019, per government data presented in parliament. Approximately 3k cybersecurity-related issues were reported every day during the year. The threat of data breaches in big data centres is becoming more and more frequent, which the company needs to focus on as it can cost the company with legal actions if this happens.
The inability to prevent service disruptions could adversely impact our reputation, business and results of operations. The company has experienced such interruptions in service in the past. For instance, in June, 2020 one of the UPS banks in our Navi Mumbai data center failed, which resulted in downtime for a few of the customers.
There’s a significant disruption driven by technology. It is essential for the company to continuously review and upgrade its technology, resources, and processes to mitigate technical obsolescence and catch up with the competition
The company will be facing competition from prominent market leaders like AWS, HP, TCS, Google, Wipro, Infosys and HCL tech as they have entered the software services market, so it will be a big challenge for them to out outperform them and hold a significant share in the segment.

ESDS Rating

RECOMMENDATION

Neutral

ESDS Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

20/07/2022

Registered Date

18/08/2005

Planify Ticker

ESD

Reg Office: Plot No. B- 24 & 25, NICE Industrial Area, Satpur MIDC, Nashik 422 007

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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.

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• a. ISIN number of stock_name_auto Unlisted Shares.

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• d. Cosideration Amount

• e. Target DP ID and Client ID

• f. Annexure

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. Generally via our Planify platform, if somebody wants to buy Unlisted Shares then minimum investment would be 35-50k.To know about the minimum lot size of stock_name_auto, kindly click on this hyperlink - stock_name_auto.

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• 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.

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• 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:

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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.

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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.

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