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RECOMMENDATION

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Business Type

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RECOMMENDATION

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Business Type

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Discover and get complete analysis on Minosha India stock price & Information Like- Funding, Threats, Opportunities, Awards/Achievements, Strengths, Merger/Acquisition & Minosha India Latest News.

ISIN

INE291B01015

Face Value

₹10.00

Total Share

4,79,06,784

Total Income

₹314.41 Cr

Profit After Tax

₹32.36 Cr

EPS

₹6.75

P/E

51.11

P/B

1.32

Market Capitalisation

₹1,652.78 Cr

Enterprise Value

₹1,550.30 Cr

Book Value

₹261.38

Intrinsic Value

₹389.00

Earnings Yield

1.96 %

Sector

Consumer Discretionary

Sub-sector

Home Electronics & Appliance

Category

Delisted

Cashflow - Operations

₹93.10 Cr

Cashflow - Financing

-₹9.77 Cr

Minosha India Growth

Compounded Sales Growth

  • -35.05%

    1 Year

  • -23.08%

    5 Year

  • -4.42%

    9 Year

Pro Only

Compounded Profit Growth

  • NA

    1 Year

  • NA

    9 Year

Pro Only

Return On Equity

  • 2.58%

    2021

  • 59.28%

    2017

  • -1.07%

    2013

Pro Only

About Minosha India

  • Minosha India Limited (Formerly Ricoh India Limited) is an unlisted public company and has recently become Ricoh Partner. The company is engaged in the business of office imaging equipment, production print solutions, document management system and information technology services.  It offers black and white, and color multifunctional copiers and laser printers; digital duplicators; continuous form black and white, and color printers, as well as cut sheet production and digital wide format printers; projectors; interactive whiteboards; and cameras and binoculars.
  • The company also provides IT services in the areas of pharma, education, legal, retail, construction, telecom, retail, IT/ITES, BFSI, travel and tourism, telecom, etc. In addition, it offers document management, device management, mobile print and capture, workflow and process management, cost management and security, scan and distribution, and cloud solutions. 
  • The company is present in India for over 27 years and operates through a robust pan-India network of 7 offices and over 300 business partners
  • The company is a well-known system integrator for IT services projects that have helped the Government of India and numerous state governments achieve digital transformation in the areas of education, healthcare, e-government, and citizen-centric initiatives.
  • The firm was founded in 1993 and is headquartered in Andheri East, Mumbai .
  • The company was formerly known as Ricoh India Limited and changed its name to Minosha India Limited in March 2020.

  • Minosha India IPO Details

Currently, company has no plans to go public as of know. 

  • Minosha India Funding

Funded By Funding Amount Date of Investment Funding Round Fund Name
NRG Group Limited ₹ 1120 Cr 02 Nov 2017 PIPE Private Placeemnt
  • Minosha India Merger & Acquisition

Merger

  • On 28 November 2019,the resolution Plan was approved by Hon’ble NCLT for the merger of Minosha India Private Limited with Ricoh India Limited. There has been a 60% Capital Reduction of Ricoh India ( now known as Minosha Linited ). Investors got new 40 shares of Minosha Ltd for every 100 shares of old Ricoh India.

Acquisition

  • On 24 October 2011, Ricoh India Limited invested Rs 3 crore in cash for Infoprint Solutions Limited. This acquisition aided the company's market expansion in the printing business.
  • On 9 June 2021,Minosha Digital Solutions Private Limited acquired a 73.6% stake in Ricoh India Limited from Ricoh Company, Ltd. This acquisition helped the company's market expansion in the 3D printer, video and web conference systems. 
  • Minosha India Subsidiaries

Associate Companies:

  • IDC Electronics Limited 

Minosha India Business Model

The company offers multifunctional printers and provides information technology (IT) services in India. It sells multifunctional copiers and laser printers in black and white and color; digital duplicators; continuous form black and white and color printers; cut sheet production and digital wide format printers; projectors; interactive whiteboards; and cameras and binoculars. Pharma, education, legal, retail, construction, telecom, retail, IT/ITES, BFSI, travel & tourism, telecom, and other industries are among the areas where the organization provides IT services. Document management, device management, mobile print and capture, workflow and process management, cost management and security, scan and distribution, and cloud solutions are also available.

  • Minosha India Revenue Segmentation

  • Revenue generated from sale of goods
  • Revenue generated from sale of services
  • Other Operating revenue
  • Other Income
  • Minosha India Product & Services

Products:

1. Office Printers

  • Multifunctional Printers – Color and B&W.
  • Printers – B&W laser printers, A4 Mono MFP, Color laser printers
  • Digital Duplicators

2. Production Printers

  • Continuous form
  • Cutsheet
  • Wide Format

3. Visual Communications

  • Interactive whiteboard
  • Projectors

4. Camera and Binoculars


Services:

1. Sustainability Management Services

  • The company provides solutions to help clients make fleet and work processes sustainable so that they leave the smallest environmental footprint possible and improve their social impact. They create an optimization scenario which reduces their Total Cost of Ownership (TCO),limits their energy use, paper cost and CO2 impact.

2. Information Technology Services

  • The company provides Internet data center solutions to help monitor any kind of server problems or network issues. They have datacenter set up at Kolkata equipped with state of art of infrastructure.

3. Managed Document Services:

  • The service helps optimize the entire document output of a business. In addition to Managed Print Services processes like document capture and archiving are included in MDS and this ensures a secured workflow and reduced environmental impact.
  • Minosha India Assets

Assets as on March 31:

Assets Amount in Cr.
Leasehold LandRs.54
BuildingsRs.17.78
Plant and MachineryRs.3.61
Office equipmentRs.0.3
Computer hardwareRs.0.38
Furniture Rs.0.54
Machines Rs.1.44


  • Minosha India Industry Overview

Industry Statistics

IT services and Printer Industry:

IT services Industry:

  • IT services are the use of business and technological skills to assist enterprises in the production, administration, and optimization of information and business processes, as well as providing access to them. The IT services industry may be divided into categories based on the skillsets used to provide the service (design, build, run).
  • India is one of the top sourcing destinations in the world, and the IT industry plays an important role in establishing the country as a favoured investment location for international investors. The industry employs a huge number of people and provides substantial export earnings. Indian IT companies have established over 1,000 worldwide delivery centers in over 80 countries. In India, where the country's highly skilled talent pool of technical graduates is among the world's largest, the sector employs over 4Mn. people.
  • When compared to any other industry, the industry draws the most FDI equity inflows. From April 2000 to March 2021, India's computer software and hardware business got USD 71 Bn. in FDI equity inflows, with FY21 receiving USD 26 Bn. (3.5 times more than FY20).
  • Between FY16 and FY21, the Indian IT services market generated total revenues of $30.Bn., reflecting an 9% compound annual growth rate (CAGR). In comparison, over the same time period, the South Korean and Chinese sectors grew at CAGRs of 11% and 10%, respectively, to reach respective values of USD 17.4 Bn and USD 114.6 Bn. in FY21.

Printer Industry:

  • The printing industry is the sector that deals with the production of printed materials. Digital printing systems are a cutting-edge printing technology that prints electronic files created using computer software. Digital printing transfers pictures to different media surfaces such as paper, cloth, and ceramic utilizing digital formats such as PDF and JIP. The end-use manufacturer may expedite the image design and production process using the digital printing technology.
  • During the forecast period, the Indian market has given significant potential for the expansion of digital printing. India is a prominent market for digital printing in the Asia Pacific area.

Growth Drivers in Printing Industry:

  • An increase in the use of highly customized labels- The implementation of digital printing has become critical as big consumer-oriented manufacturers steadily migrate to customized packaging to improve shelf visibility and, as a result, attract customers. Digital prints wrapped over the glass fronts of office buildings and large digitally printed banners draped along the sides of buildings are in high demand. 
  • Innovations and digital integration are aligned as a significant driver, as market players take advantage of replacing toner in less than 20 seconds, loading paper less frequently, hands-free voice activated printing, and reducing common printing interruptions. Mobile scanning, Ethernet, and Wi-Fi Direct are all available on the business-oriented printers, which also support printing from an iPad, iPhone, Android tablet, or smartphone.

Growth Drivers of IT services industry:

  • Abundant talent at low cost - India boasts a diverse pool of young and smart workers that may be hired at a moderate cost. In-demand IT roles in FY21 will include positions focusing on sophisticated technologies such as the Internet of Things(IoT), artificial intelligence, machine learning, augmented and virtual reality, as more firms undertake digital transformation.
  • Growth in cloud market- The epidemic has sparked a surge in demand for cloud computing services all around the world. Global investments in cloud services have increased as a result of this shift. In FY20, the Indian cloud market was worth USD 2.3Bn. and by FY25, it is predicted to be worth USD 9 Bn.by care ratings.

Trends:

  • Automating print operations and utilizing inline finishing technologies are already saving printers a significant amount of time and money. Automated methods reduce the number of personnel needed to see a project through to completion. Jobs may be finished more quickly, and mistakes are less likely to occur during the process. This allows printers to take on more work, provide better customer service, and save money.
  • With the advancement of the printing business, an increasing number of individuals are opting for a UV digital printer. It has the benefit of reducing the traditional procedure, eliminating the need for plate fabrication, delivering orders on time, and printing most materials. Its printing method is to immediately print on the item with uv ink, then irradiate the object with uv ultraviolet rays for less than 1 second to directly dry the uv ink. UV printing offers a quick drying time and strong adherence in terms of application. Plastic, glass, metal sheets, and other materials may be printed using a UV digital printer. UV printing produces a brighter colour, and uv ink contains no volatile ingredients, making it safer for operators and more ecologically friendly.

Peers:

  • TVS Electronics, Canon India, HP India , are some of the major peers of the company.

Future Prospects

Future Outlook:

IT Services Industry

  • According to market line database the Indian IT services business is expected to be worth $55Bn. in FY25, a 38% rise from FY20. The industry's compound annual growth rate (CAGR) is expected to be 7% from FY20 to FY25.



Printer Industry

  • The fast expansion in industrialization has resulted in an increase in demand for digital printing. In addition, digital printing is increasingly being utilized for printing labels in E-commerce shipments, with the rise in the number of E-commerce shipments in India functioning as a significant driving force. According to Chromatus Global Industry Reports, growth in FY28 would be approximately $2.1Bn., up 43% from FY17. From FY17 to FY28, the industry's CAGR is predicted to be 10%.




Government Initiatives

Government regulator
  • Ministry of Electronics and Information Technology - The Ministry of Electronics and Information Technology (MeitY) is a cabinet-level agency of the Republic of India's Union Government. On July 19, 2016, it was separated from the Ministry of Communications and Information Technology to become a separate ministerial agency in charge of IT policy, strategy, and development in the electronics sector.
  •  India's Ministry of Home Affairs and the National Critical Information Infrastructure Protection Centre are developing a new national cybersecurity policy.
  • Software Technology Park of India and Special Economic Zones receive government help in the form of tax exemptions. The government announced intentions to develop a national artificial intelligence programme and create a national artificial intelligence site in the 2018 Union Budget.
  • All India Federation of Master Printers (AIFMP) - The All India Federation of Master Printers (AIFMP), which was founded in 1953, is the world's biggest printers' organisation, representing over 250,000 printing enterprises in India. The AIFMP is made up of a number of regional organisations from all around the United States. AIFMP supports, participates in, and organises a number of regional, national, and international events with the goal of lobbying for Indian printers' interests, showcasing the Indian printing industry's achievements, and holding technical seminars to educate printers about global trends and technologies in order to strengthen the printing industry.

Minosha India Strengths

  • The company after a successful resolution of Ricoh India Ltd under Insolvency and Bankruptcy Code has been able to significantly reduce its debt and finance cost. The firm now has a minimal debt risk, with a debt-to-equity ratio of 0.1x. This demonstrates the management's ability to make good judgments.
  • The company has been operating in India for more than 27 years and has built a network of over 300 business partners. 

Minosha India Shortcomings

  • The company’s decreasing revenue may affect its brand image and its investing capabilities in new technologies, on which most of the market vendors are leveraging competitive advantages.

Minosha India Opportunities

  • Custom clothing printing, which includes custom t-shirt printing, is likewise dominated by the Asia-Pacific area. In addition, the region is predicted to develop at a high rate in the next years. As a result, big format printer demand is likely to grow, which offers a great opportunity for the company to increase their production in this segment.
  • The epidemic has increased demand for cloud services all across the world. Global investments in cloud services have surged as a result of this shift. In FY20, India's cloud market was worth USD 2.3 Bn, and by FY25, it is predicted to be worth USD 8.6 billion. It can be a great opportunity for the company as they are in the cloud services.

Minosha India Threats

  • The lack of a comprehensive variety of Ricoh goods puts the company at a competitive disadvantage.
  • The Asia Pacific region's supply chain instability has hampered delivery timelines. The growing cost of logistics is putting pressure on margins, causing prices to rise throughout their whole product line.
  • Any security breach may result in reputational harm, job losses, decreased consumer loyalty, fines, legal and financial consequences, and penalties. As businesses grow more digital, cyber security has become the most pressing worry for IT firms.
Minosha India Rating

  • RECOMMENDATION

    Sell

  • Minosha India Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

23/03/2022

Registered Date

22/10/1993

Planify Ticker

Minosha

Reg Office: Unit No 204, 2nd Floor, Town Centre I, Andheri Kurla Road, Sakinaka, Andheri East, Mumbai – 400059

Visit Website

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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.
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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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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.
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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:
• CDSL = 12345678(DP ID) and 91234567(Client ID).
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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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