Buy Geodesic Information Systems For 1-1.5 Years
Investments with a 12-18 month horizon can be considered in the stock of Geodesic Information Systems, considering its niche business, moderate valuation and good growth prospects. At Rs 181, the stock trades at 11 times its FY-08 earnings and nine times its estimated current year earnings.
With a net profit margin of 49 per cent, much higher compared to other listed, products-focussed technology companies, the valuation appears attractive, especially considering the good growth prospects. The company has managed a compounded annual revenue growth of 67 per cent and profit growth of 68 per cent over the past three years.
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