Fundamental Analysis

INTELLECT DESIGN ARENA 

Ticker : 538835
BUY: Rs 215.70 
Target: Rs 240

Intellect Design Arena Limited is a global leader in financial technology for banking, insurance, and other financial services. With a rich suite of products across the organisation, the company enables various institutions to meet the ambition to be the principal service provider to their customers. On a consolidated quarterly front, the net sales grew by 0.9 per cent for the quarter ended June 2020 to Rs 345.89 crore from Rs 342.79 crore in the same period for the previous fiscal year. The company reported an operating profit of Rs 75.69 crore in Q1FY21, up by 253.18 per cent from Rs 21.43 crore reported in Q1FY20. Similarly, the net profit increased by 677.98 per cent from Rs 6.22 crore in Q1FY20 to Rs 48.40 crore in Q1FY21. The company’s quarterly performance has been very impressive. It has also partnered with Samba Financial Group and has received an order from the international client. Thus, we recommend a BUY.