Analysis, guides and explainers on India's unlisted market — from IPO pipelines to ESOP liquidity.
<span style="font-family: georgia, palatino, serif;">Japan’s Softbank, the investor in the Paytm, has laid down new norms, as a part of the latest funding round to be done by T Rowe, Ant Fin, and Softbank. T Rowe is likely to invest $150-$200 million in Paytm and total funds to be raised are close to $1Billion, as per source from Economic Times.</span> <span style="font-family: georgia, palatino, serif;"><strong>New Norms:</strong></span> <span style="font-family: georgia, palatino, serif;">The company should go public in the next 5 years, else, Softbank has a right to sell its stake to a rival company.</span> <span style="font-family: georgia, palatino, serif;">As per the report, it is mention that the Paytm has reached such a stage, where it needs to find a way to increase revenue and bring profitability. The Paytm lately facing stiff competition from Walmart Phone-Pe and Google Tej. The next big threat is coming from Facebook backed Watsapp wallet, which is slated to hit the Indian market by next year.</span> <span style="font-family: georgia, palatino, serif;">We at <strong>UnlistedZone</strong> viewed this as a necessary step, to avoid failure, such has happened in We-Work, where Softbank has a considerable investment. The We -Work IPO plans have failed miserably and its valuation has come down from $57 Billion to $8 Billion in just 3-4 months and has resulted in the loss of $4Billion to Softbank. The Fin-Tech companies can’t go alone on funding and must generate free-cash from the business to sustain in the longer run. Now all eyes would be on Vijay Shekhar, Founder of Paytm, as to how he will come out with the solution in the highly competitive environment to make Paytm profitable, which has shown a loss of ~Rs. 4000 cr in FY18-19. The challenge is huge. On one side you need growth and other side profitability. The next 1-2 years is make and break for Paytm.</span>
Suryoday - ‘Sunrise’ in Sanskrit, signifies new dawn. It has received a Micro-Finance license from RBI in 2008, and within 8 years converted into a successful Small Finance Bank. The 80% of the loan book comprises of JLG and Individual business loans followed by 16.9% in Retail Assets such as Commercial Vehicle Loan, Housing Loan, MSME loan, and loan against property. <!--more--> The company has shown exemplary performance in the year FY18-19 wherein, it has clocked Revenue of 599 Cr and PAT of 86 Cr as compared to 324 Cr and 10 Cr last year, respectively, representing a stupendous growth. In the FY18-19, the Bank has raised 248.44 cr through a private placement of 13,802,083 Equity shares at 180 per share. HDFC, HDFC Life, TIAA, IFC (International Finance Corporation), GAJA Capital etc. are the investors in the bank. Yesterday, the bank has come up with 6MFY20 financial results and they are even better than FY18-19. <div class="table-overflow-init"> <table width="100%"> <tbody> <tr> <td>Particulars (Crores)</td> <td>FY15</td> <td>FY16</td> <td>FY17</td> <td>FY18</td> <td>FY19</td> <td>6MFY20</td> </tr> <tr> <td>Advances</td> <td>582</td> <td>983</td> <td>834</td> <td>1596</td> <td>2711</td> <td>3208</td> </tr> <tr> <td>Gross NPA</td> <td>0.13%</td> <td>0.18%</td> <td>6.15%</td> <td>3.15%</td> <td>1.81%</td> <td style="text-align: center;">2.40%</td> </tr> <tr> <td>Revenue</td> <td>180</td> <td>225</td> <td>255</td> <td>325</td> <td>599.25</td> <td>412</td> </tr> <tr> <td>PAT</td> <td>19.9</td> <td>27.14</td> <td>15.1</td> <td>10.1</td> <td>86.6</td> <td>85.22</td> </tr> </tbody> </table> </div> The Advances, in the first 6M of FY20 , has gone up to 3208 cr as compared to 2711 cr in FY18-19. The Revenue, in the first 6M of FY20, has gone up to 600 Cr as compared to 412 cr in the full year of FY18-19. So overall very good growth given by bank. The book value as on 30.09.2019 stands at Rs. 117 per share. The current unlisted market price of the Suryoday Small Finance Bank is Rs. 280 per share, which means the shares are available at P/B multiple of 2.39x which is quite reasonable. The IPO is expected to hit the market by 2020.
<span style="font-family: georgia, palatino, serif;"><strong>(i)</strong> Nazara Technologies Ltd a leading global interactive gaming and digital sports media company has signed an Investment Agreement with Paper Boat Apps and its promoters on 11th October 2019 for investment up to Rs. 83.5 Crores in Paper Boat Apps, a Mumbai based indie studio.</span> <span style="font-family: georgia, palatino, serif;"><strong>(ii) </strong>The company intends to acquire a majority stake of 51% at a pre-money valuation of Rs. 154 Crores. The said acquisition is subject to the approval of shareholders at the General meeting of the Company. Paper Boat Apps is the creator and publisher of Kiddopia, an award-winning, subscription-based preschool edutainment app. The aforesaid acquisition is a part of a series of strategic investments made by the Company in various gaming Companies in order to expand the business inorganically and create value for the investors.</span> <span style="font-family: georgia, palatino, serif;"><strong>(iii)</strong> Further, the company believes that Kiddopia will address the concern where young children are found to consume digital content through their parent’s devices. Kiddopia offers a positive alternative while bringing high-quality, curated educational content packaged within an entertaining framework that keeps both kids healthy, and parents happy. Kiddopia will be leveraged to over 100 million users through the Nazara network.</span> <span style="font-family: georgia, palatino, serif;">Kiddopia Company Information Kiddopia offers a wide array of interactive games and activities that foster cognitive development, self-expression and also social-emotional learning. Till date, the app has been downloaded by more than 2.5 million parents around the world and has over 100,000 active subscribers. The break-even period is 7 months for a customer.</span> <span style="font-family: georgia, palatino, serif;"><strong>(iv)</strong> The company has grown 5x in the last 2 years and received immense recognition, awards and fame. Kiddopia has been awarded the Tilly-Wig Brain Child Award, Parents Choice Award, the National Parenting Product Award and many more. Kiddopia is completely ad-free and adheres to the highest standards of privacy and kid’s safety.</span> <span style="font-family: georgia, palatino, serif;"><strong>Nazara Tech Financials for FY18-19</strong></span> <span style="font-family: georgia, palatino, serif;">As per data compiled by the UnlistedZone team from MCA, the Nazara Tech has not yet filed Annual Returns and Financial reports for FY18-19. The same is expected to be done this month as the date of filing of MGT-7 and AOC-4 has been extended till 30.11.2019. The financials once updated, will be presented on our website for further analysis. </span>
<span style="font-family: georgia, palatino, serif;">The country's largest two-wheeler maker Hero Moto Corp on Tuesday said its board has approved an investment of up to Rs 450 crore in its associate company Hero FinCorp Ltd (HFCL).</span><!--more--> <span style="font-family: georgia, palatino, serif;">The company's board has considered and approved an investment of up to Rs 450 crore in HFCL by subscribing to the issue of shares by way of private placement in one or more tranches, Hero MotoCorp said in a regulatory filing.</span> <span style="font-size: 14pt;"><strong><span style="font-family: georgia, palatino, serif;">Source: Business Standard</span></strong></span>
<div id="container"> <div id="content" class="layout2"> <div id="group_0" class="group"> <div class="wrapper clearfix"> <div class="content-box clearfix"> <div class="wrapper clearfix"> <div class="top-section clearfix"> <div id="news_hd_71826796" class="post clearfix single-post "> <div><span class="subtle" style="font-family: georgia, palatino, serif;">Fino Payments Bank has recorded double the initial target for digital transactions in August followed by HDFC Bank that achieved 114% of its target for the month.</span></div> </div> <div> <div id="container"> <div id="content" class="layout2"> <div id="group_0" class="group"> <div class="wrapper clearfix"> <div class="content-box clearfix"> <div class="wrapper clearfix"> <div class="main-content clearfix"> <div class="inner-main"> <div id="news_dtl_71826796"> <div class="story-box story-detail"><article class="post clearfix single-post"> <div class="text"> <div class="section1"> <div class="Normal"><span style="font-family: georgia, palatino, serif;"> Fino Payments Bank topped the list in achieving the target for August with a score of 71, while HDFC Bank finished second with a score of 70, according to monthly data from the Ministry of Electronics and Information Technology (MeitY). The next three slots were taken by IDBI Bank, ICICI Bank, and Airtel Payments Bank, all with a score of 66. ET saw a copy of the report.</span></div> </div> <div> <div id="container"> <div id="content" class="layout2"> <div id="group_0" class="group"> <div class="wrapper clearfix"> <div class="content-box clearfix"> <div class="wrapper clearfix"> <div class="main-content clearfix"> <div class="inner-main"> <div id="news_dtl_71826796"> <div class="story-box story-detail"><article class="post clearfix single-post"> <div class="text"> <div class="section1"> <div class="Normal"> <span style="font-family: georgia, palatino, serif;">Paytm Payments Bank, which had finished third in July, slipped to 13th position in August but achieved 100% of its merchant onboarding target.</span> <div id="container"> <div id="content" class="layout2"> <div id="group_0" class="group"> <div class="wrapper clearfix"> <div class="content-box clearfix"> <div class="wrapper clearfix"> <div class="main-content clearfix"> <div class="inner-main"> <div id="news_dtl_71826796"> <div class="story-box story-detail"><article class="post clearfix single-post"> <div class="text"> <div class="section1"> <div class="Normal"> <span style="font-family: georgia, palatino, serif;">MeitY sent a letter to banks on October 21 revising the individual targets of digital payments and merchant onboarding set for multiple banks. ET has seen a copy of the letter.</span> <span style="font-family: georgia, palatino, serif;">In absolute terms, Fino has been given a target of achieving 220 million digital transactions in the current year.</span> <span style="font-family: georgia, palatino, serif;">“Currently, we do around $1.1 billion worth of transactions every month, a significant number of them facilitated through digital platforms such as AePS, micro ATM, UPI, IMPS, etc,” said Ashish Ahuja, a chief business officer at Fino Payments Bank. “Achieving over 200% of the target and topping the MeitY rankings once again that includes the biggest names in banking, indicates great performance and high level of consistency from Fino.”</span> <span style="font-family: georgia, palatino, serif;">Besides the number of transactions, MeitY in the letter sent to banks has also specified new targets for merchant onboarding in rural areas and the Northeast.</span> <div id="container"> <div id="content" class="layout2"> <div id="group_0" class="group"> <div class="wrapper clearfix"> <div class="content-box clearfix"> <div class="wrapper clearfix"> <div class="main-content clearfix"> <div class="inner-main"> <div id="news_dtl_71826796"> <div class="story-box story-detail"><article class="post clearfix single-post"> <div class="text"> <div class="section1"> <div class="Normal"> <span style="font-family: georgia, palatino, serif;">Commenting on the revision of target a Paytm spokesperson said: “We continue to lead MeitY's monthly scorecard and have regularly superseded our targets. The revision of digital payments allocation is an encouraging move and reflects the trust on us to expand the digital payments ecosystem across the country. We are seeing huge traction and are confident of achieving the increased target.”</span> <span style="font-family: georgia, palatino, serif;">Banks that have been given revised targets include Canara Bank, RBL Bank, and Fino Payments Bank.</span> </div> </div> </div> </article></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <span style="font-size: 14pt;"><strong><span style="font-family: georgia, palatino, serif;">Source: <span style="line-height: 1.66;">ETtech </span></span></strong></span> </div> </div> </div> </article></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </article></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </article></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div>
<span style="font-family: georgia, palatino, serif;">Online payment services company Paytm is in talks with US asset manager T Rowe Price to lead a financing round aimed at raising $1 billion, according to two people privy to the matter. </span> <span style="font-family: georgia, palatino, serif;">The latest funding round may value Paytm at $13-15 billion, the people said. </span> <span style="font-family: georgia, palatino, serif;">T Rowe Price is in talks to invest around $150-200 million, with existing investors SoftBank and Chinese e-commerce giant Alibaba expected to infuse the rest of the capital. Some Saudi-based funds may also join in,” said one person on condition of anonymity. </span> <span style="font-family: georgia, palatino, serif;">The Vijay Shekhar Sharma-led company has been in the market since early this year to shore up funds amid mounting losses and growing competition in the digital payments sector posed by Google Pay and Walmart-owned PhonePe.</span> <span style="font-family: georgia, palatino, serif;">The size of the funding round has been trimmed from the $2 billion that Noida-based One97 Communication, Paytm’s parent, had set out to raise, people said. ET first reported in its March 28 edition that Paytm was eyeing $1.5-2 billion in new capital. If the deal goes through, it will be a rare bet for T Rowe Price, which manages more than $1 trillion in assets, on a privately held Indian technology startup, after its investment in Flipkart.</span> <span style="font-family: georgia, palatino, serif;">Paytm’s Sharma and SoftBank did not comment on the new financing. </span> <span style="font-family: georgia, palatino, serif;">Emailed queries sent to T Rowe Price and Alibaba Group on Monday evening did not elicit a response till press time.</span> <span style="font-family: georgia, palatino, serif;">SoftBank, which first invested in the company in 2017, holds a 19% stake, while the Alibaba Group, through Ant Financial and directly, owns 38% of One97 Communications. People familiar with the development said Paytm may not see a significant bump up in valuation during the fundraising. The company was said to be valued at $16 billion in a secondary round earlier this year, although Paytm did not confirm this. A secondary sale is when an existing investor sells shares to another and the money does not come to the company.</span> <span style="font-family: georgia, palatino, serif;">Paytm’s last equity funding was in 2018, when Warren Buffett-led Berkshire Hathaway invested $300 million, ascribing a $10 billion valuation. It’s been tough going for Paytm in the previous year as losses widened in the previous financial year as revenue increased marginally. One97 Communications posted a ₹3,959.6 crore net loss for FY19 against ₹1,490 crores a year earlier, according to details the company shared with investors and as ET reported in September. </span> <span style="font-family: georgia, palatino, serif;">Besides the losses, a stream of top management executives quit and its e-commerce business under Paytm Mall was being audited by EY for a cashback scam.</span> <span style="font-family: georgia, palatino, serif;">In recent media interactions, Sharma has stressed his company’s strategy to cut losses and turn profitable amid a rising chorus against the wave of cash-guzzling and money-losing startups in India and Silicon Valley. Sharma has also spoken about potential IPO. Paytm claims its margins are now growing positively and it has registered an increase in revenue across payments, commerce, and financial services. The company has said it is moving away from the discount-led, peer-to-peer payments vertical to focus on online and offline merchants. Cashbacks and subsidies have helped drive online payment transactions on the consumer side along with incentives to encourage adoption by merchants.</span> <span style="font-family: georgia, palatino, serif;"><strong>Source: Economic Times</strong></span>
Hero FinCorp, part of the ‘Hero’ group is an Indian NBFC. It is engaged primarily in financing two-wheelers for Hero Motocorp, the largest motorcycle maker in the world. To diversify its base, it has forayed into providing loans against property and in commercial lending. It has an employee base of 1500.<!--more--> The Company has one wholly-owned subsidiary company viz. Hero Housing Finance Limited (“HHFL”). HHFL had started its lending operations from April 2018. It is an all-inclusive housing finance company providing hassle-free home loans PAN India which includes the following products to its customers: (i) Home Loans, (ii) Loan Against Property, etc. HHFL has shown tremendous growth and touched loans of INR 556.75 crore during the first year of its operation in FY19. The AUM has reached nearly 20,000 crores in the current financial year. Loan mix consists: a.) Retail Individuals - 39%. b.) Retail Businesses - 30%. c.) Commercial Loans – 31%. <strong>Financials Highlight of Half-Yearly Results:</strong> <table> <tbody> <tr> <td>Particulars (Crores)</td> <td>6M FY19</td> <td>6MFY18</td> <td>12MFY18-19</td> </tr> <tr> <td>Total Revenue</td> <td>1668</td> <td>1078</td> <td>2492</td> </tr> <tr> <td>Expense</td> <td>1438</td> <td>947</td> <td>2078</td> </tr> <tr> <td>Profit/Loss Before Tax (PBT)</td> <td>244</td> <td>130</td> <td>413</td> </tr> <tr> <td>Profit/Loss After Tax (PAT)</td> <td>163.56</td> <td>82.42</td> <td>267</td> </tr> <tr> <td>Earnings per share (EPS)</td> <td>14.41</td> <td>8.32</td> <td>25.97</td> </tr> </tbody> </table> a) The company has been resilient and strengthened its footing in these tough times in the automotive industry. b) The PAT has increased to 168 crores compared to 83 crores in the H2 of FY-2018-19. A 100% increase in profits. c) The capital adequacy ratio maintained close to the 19% mark. d) The debt to equity ratio stood at a modest 4.5 e) The ROA for the past 5 years maintained at 1.6%. If the company tries to expand its asset base, the return on the asset base would be decent. After the NBFC crisis triggered by IL&FS, many of the shady NBFCs have stopped their operations or gone under. Only a few with proper discipline continued to prosper and Hero FinCorp is one amongst them. For more detail about Hero-Fin Corp please visit <span style="text-decoration: underline;"><a href="https://unlistedzone.com/shares/hero-fincorp-limited-share-price-buy-sell-unlisted-shares-of-hero-fincorp/"><span style="font-size: 18pt;">Link</a> Disclaimer: This article is only for education purposes, and not to be construed as investment advice. Please consult your advisor before making an investment.
<span style="font-size: 12pt; font-family: georgia, palatino, serif;"><strong>As per the report published in Economic Times on May 30, 2019</strong></span> <span style="font-size: 12pt; font-family: georgia, palatino, serif;"><strong>(i)</strong> Safecrop Holdings, a consortium of WestBridge Capital, Madison Capital and investor Rakesh Jhunjhunwala, is set to gain control of Star Health & Allied Insurance Co in what’s pegged as the sector’s largest M&A transaction in India. “The consortium of investors will acquire a controlling stake under the proposed deal for a total equity valuation of <strong>Rs 6,500 crore</strong>,” said V Jagannathan, chairman and managing director of the private health insurer.</span> <span style="font-size: 12pt; font-family: georgia, palatino, serif;"><strong>(ii)</strong> The transaction will include a timeline for this, said people with knowledge of the matter. Star Health had a health insurance market share of 10.6% at the end of March 2018. The existing investors include promoter Star Health Investments, ICICI Venture, Tata Capital, and Oman Insurance Company among others. Jagannathan and some of his colleagues along with other individuals are also shareholders.</span> <span style="font-size: 12pt; font-family: georgia, palatino, serif;"><strong>(iii)</strong> The consortium had invested Rs 350 crore in the company in December 2018. However, the valuation this time would be different.</span> <span style="font-size: 12pt; font-family: georgia, palatino, serif;"><strong>(iv)</strong> The company had Rs 5,400 crore of new business with a profit of Rs 275 crore in FY18-19. New business registered a growth of about 30% growth, compared with Rs 4,161crore in the previous year.</span> <span style="font-family: georgia, palatino, serif; font-size: 12pt;"><strong>(v)</strong> The Insurance Regulatory and Development Authority of India has approved the deal, Jagannathan said, for which an agreement was entered into last year.</span>
As per communication received from <strong>Religare Health Insurance Limited,</strong> it is coming with the right issue to be opened from <strong>28.10.2019</strong> to <strong>11.11.2019</strong>. The eligible shareholders can participate. " <em>The Board of Directors in its meeting held on February 14, 2019, authorized the Company to raise capital up to an amount of Rs. 150 crores in one or more tranches and further Allotment Committee through its circular resolution dated October 23, 2019, approved the Letter of offer to raise capital by issue of equity shares up to an amount of Rs. 34 crores, at an issue price of Rs.10/- per equity share to existing shareholders in their existing proportion</em>". <span style="font-size: 14pt;"><strong>Offer Detail:</strong></span> The company is offering 3,40,00,000 equity shares of Rs. 10 each to the equity shareholders of the company. The total equity of the company is 68.84 cr and the total shares offered in the right issue are 3.4 cr. So in the right issue, we may bid for 5 share per 100 shares. <strong>Example:</strong> If you are holding 100 shares as on 18.10.2019, then you are eligible to get 5 shares in the right issue. <strong>Open Date:</strong> 28.10.2019 <strong>Close Date:</strong> 11.11.2019 <span style="font-size: 14pt;"><strong>Eligibility Criterion:</strong></span> The shareholders who were holding shares as on 18.10.2019 are eligible for the offer. <span style="font-size: 14pt;"><strong>How to Apply:</strong></span> The eligible shareholders must fill and sent the below-mentioned form to the company on or before 11.11.2019 for buying shares under the right issue. <span style="text-decoration: underline; font-size: 14pt;"><strong><a href="https://unlistedzone.com/storage/knowledge-logo/Application-Form.pdf">Application Form</a></strong></span> <span style="text-decoration: underline; font-size: 14pt;"><strong><a href="https://unlistedzone.com/storage/knowledge-logo/Offer-letter.pdf">Letter of Offer</a></strong></span>
NCL Buildtek is the new name of NCL Alltek & Seccolor, a change to reflect the range of building materials the NCL group firm has come to deal with over the years, from windows, doors, putties, paints and building blocks to tiling solutions. The new identity is designed to help clients visualize a one-stop solution for all their building material needs, managing director K. Madhu said. NCL Buildtek, he added, wants to add more products, grow footprint across the country and also make an IPO (initial public offer). In an interaction at the new premises of the company on Friday, he said NCL Alltek and NCL Seccolor were started as separate companies in the late 1980s and were subsequently merged. “Originally, Alltek was manufacturing spray plasters that are acrylic putty and textured paints and Seccolor was manufacturing color coated steel windows with technology from Italy,” he explained. “We added a lot more building material over time. The Alltek plant in Suryapet district started manufacturing emulsion paints, cement-based products like white cement-based putty and cement renders. At Seccolor [facility in Sangareddy district], we got into uPVC windows. We have 10 fabrication centers of uPVC across the country… forayed into ABS doors and aluminum windows,” he said. <span style="font-size: 14pt;"><strong>Steel door unit</strong></span> There are plans to set up a steel door unit in Sangareddy district, with an investment of over ₹10 crores, once the company gets possession of seven acres allotted to it by the government, he added. The company is setting up an ACC (autoclaved aerated concrete) block manufacturing unit in Nellore. “We are investing ₹80 crores on the plant, which is one of the biggest investments,” Mr. Madhu said about the second such but larger facility of the company. The Nellore plant can produce about 5 lakh cubic meters of AAC blocks per year, while the capacity of the first plant near Vijayawada is about 2.2 lakh cubic meters. <span style="font-size: 14pt;"><strong>Trial runs</strong></span> “At the Nellore facility, we have started trial runs. The plant would be fully operational by March 2020 making it the largest [such] plant in south India.” The company also plans to expand its putties and paint manufacturing facilities near Delhi. From being a company well known in south India and catering to customers in some parts of north India and doing projects in north-east, the NCL Buildtek would like to grow its footprint. Last fiscal, it had clocked revenues of ₹375 crores. Source: The Hindu
Xerox is a print technology and intelligent work solutions leader. They have expertise in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity and increase client satisfaction. The primary offerings span in three main areas: Intelligent Workplace Services, Workplace Solutions, and Production Solutions. <strong>Intelligent Workplace Services</strong> offerings help customers, ranging from small businesses to global enterprises, optimize their printing and related document workflow and business processes. <strong>Workplace Solutions and Production Solutions</strong> offerings support the work processes to customers by providing them with solutions built upon a broad portfolio of industry-leading printing and workflow offerings. <strong>Production Solutions</strong> are designed for customers in the graphic communications, in-plant and production print environments with high-volume printing requirements. These solutions enable full-color, on-demand printing of a wide range of applications, including variable data for personalized content and one-to-one marketing. The company has recently published its Annual Report for FY18-19. As per the annual report; <strong>(i)</strong> The company has posted a profit before tax of <strong>Rs. 38.33 cr</strong> and a profit after tax of <strong>Rs. 23.19</strong> cr in FY18-19 as against profit before tax of <strong>Rs. 77.64 cr</strong> and profit after tax of <strong>Rs. 45.24 cr</strong> in the previous year, thereby recording a decline of 50.63% and 48.73%, respectively <strong>(ii)</strong> The company has given a dividend of <strong>Rs. 23.50</strong> per share which is excellent. <strong>(iii)</strong> The financial performance of FY18-19 is bleak and there is no growth in bottom-line and the company has performed badly in all profitability parameters. The company's performance in the last 4 years is tabulated below. <table style="width: 64.138%;" width="619"> <tbody> <tr> <td style="text-align: center; width: 24.8276%;" width="154"><strong>Particulars( in cr)</strong></td> <td style="text-align: center; width: 10.5169%;" width="103"><strong>2019</strong></td> <td style="text-align: center; width: 7.98635%;" width="132"><strong>2018</strong></td> <td style="text-align: center; width: 10.2056%;" width="123"><strong>2017</strong></td> <td style="text-align: center; width: 10.5895%;" width="107"><strong>2016</strong></td> </tr> <tr> <td style="text-align: center; width: 24.8276%;" width="154">Revenue</td> <td style="text-align: center; width: 10.5169%;" width="103">618</td> <td style="text-align: center; width: 7.98635%;" width="132">562</td> <td style="text-align: center; width: 10.2056%;" width="123">533</td> <td style="text-align: center; width: 10.5895%;" width="107">529</td> </tr> <tr> <td style="text-align: center; width: 24.8276%;" width="154">PBT</td> <td style="text-align: center; width: 10.5169%;" width="103">38.33</td> <td style="text-align: center; width: 7.98635%;" width="132">77.64</td> <td style="text-align: center; width: 10.2056%;" width="123">84.26</td> <td style="text-align: center; width: 10.5895%;" width="107">29.64</td> </tr> <tr> <td style="text-align: center; width: 24.8276%;" width="154">PAT</td> <td style="text-align: center; width: 10.5169%;" width="103">23.19</td> <td style="text-align: center; width: 7.98635%;" width="132">45.24</td> <td style="text-align: center; width: 10.2056%;" width="123">59.61</td> <td style="text-align: center; width: 10.5895%;" width="107">18.91</td> </tr> <tr> <td style="text-align: center; width: 24.8276%;" width="154">EPS</td> <td style="text-align: center; width: 10.5169%;" width="103">5.61</td> <td style="text-align: center; width: 7.98635%;" width="132">10.29</td> <td style="text-align: center; width: 10.2056%;" width="123">13.4</td> <td style="text-align: center; width: 10.5895%;" width="107">4.22</td> </tr> </tbody> </table> 1. The Xerox India Revenue is growing at a CAGR of 5.02% in the last 4 years. 2. The Xerox India PAT is growing at a CAGR of 8.13% in the last 4 years. 3. The company's ROE has gone down to 7.47% in FY19 as compared to 15% in FY18. 4. The company's EBITDA has gone down to 7.47% in FY19 as compared to 15.84% in FY18 5. The Company is debt-free. No Long-term and Short-term loan on books. The company has some seasoned investors like <strong>Rakesh Jhunjhunwala</strong> and <strong>Radhakishan S Damani</strong> holding 33366 and 75757 shares, respectively as on 31.03.2019. <span style="text-decoration: underline; font-size: 18pt;"><strong><a href="https://unlistedzone.com/storage/knowledge-logo/111081_Annual_Report_2019-Xerox_India_Ltd_.pdf">Annual Report 2019</a></strong></span>
As per ROC filing by Paytm, the Paytm has introduced new ESOP 2019 scheme for its employees for a period of 5 years. Under this scheme, the company will issue 2,42,904 shares worth Rs 357.66 crore. With this addition, the total count for ESOP in Paytm will increase to 2,166,524. <strong>What is ESOP?</strong> ESOP means employee stock options. Under this, the company issue shares to its employees generally at discount to the market value. This is a win-win situation for both the company and employees. The company gets the required funds for growth and expansion, on the other hand, the employees get the company's shares which they can encash to make good money in the future when its IPO comes. <strong>For ex</strong>., When Flipkart was taken by Walmart for Rs 1 lakh crore, the employees holding the stock in their hands became very wealthy overnight. <strong>When to apply for ESOP?</strong> If an employee thinks that the company is performing well, the employee should buy these shares and keep until the company becomes big to turn their fortunes. <strong>UnlistedZone View:</strong> <strong>(i)</strong> The Paytm will issue these shares at ~Rs. 14600 per share as per information collected from ROC. Last year, they issued shares to Warren Buffet firm Berkshire Hathway for Rs. 12300 per share. <strong>(ii)</strong> The big question is whether this ESOP 2019 scheme attracts employees? Participation in the ESOP 2019 scheme by employees will give a lot of insight. The employees are a very important source of information about the health of the company. We will keep you updating here once we get more information about ESOP 2019 scheme.
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