KLG Systel - Partnering with L&T
Printed From: The Equity Desk
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Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=311
Printed Date: 03/May/2025 at 10:07am
Topic: KLG Systel - Partnering with L&T
Posted By: sunilpune
Subject: KLG Systel - Partnering with L&T
Date Posted: 30/Aug/2006 at 12:23pm
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dear sir ,
pl update on klg syetel
thanks
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sunil
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Replies:
Posted By: basant
Date Posted: 30/Aug/2006 at 1:18pm
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KLG is a Tier - III Software Company. It recently associated itself with L&T InfoTech to market the project management application "Inspire". the company also bagged a Rs 72 crore order from the Rajasthan Govt to bring about efficiencies in the power distribution business. The valuations are how ever not cheap when one compares them to the other companies in the same league.
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C.M.P |
Rs 187 |
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Market Capitalization |
Rs 150 crores |
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Revenues FY 07 Q1 |
Rs 18.11 crores |
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EPS FY 07(E) |
14.00 |
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PE |
13.50 |
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RoE FY07 (E) |
13% |
The company has been reporting consistent increase in sales over the past four quarters and the new orders suggest that this momentum should continue.
All said and done unless you are very sure about a small cap company in software I would not suggest you to take an aggressive position. After the initial small caps http://www.theequitydesk.com/forum/forum_posts.asp?TID=27 - Infosys technologies Wipro, Satyam I have never come across a real money spinner in the IT small cap space. SO you would need to handle these companies with care and caution unless you are very sure about them. Apparently the numbers are improving..
Why don't you look at Geometric & Subex?. I would put them on an upper scale then KLG
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Posted By: jstk
Date Posted: 06/Sep/2007 at 11:47am
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KLG Systel Ltd ( http://www.tvse.com/ - www.klgsystel.com ) is an IT company focused primarily on the domestic market and has been providing IT enablement and support to some of the Top 500 Indian companies and the Indian arms of some Fortune 500 companies.
Financial Highlights (not considering dilution post conversion of FCCB’s into Equity shares/ Warrants to promoters):
Equity (Face Value per share of Rs.10): Rs.10.83 crores
Debt: Rs.118.03 crores (includes FCCB funds)
Market Cap: Rs.514.35 crores [as per price of Rs.475 ]
Enterprise Value = Market Cap + Debt = Rs.605.38 crores
Promoter Holding: 25.88 %
Year ended March 31, 2007:
Revenue: Rs.122.97 crores
EBIDTA: Rs.36.92 crores
Profit before Tax: Rs.30.16 crores
Net Profit: Rs.21.94 crore
EPS: Rs.20.22
Dividend: Rs.2.50 per share
Key Business Highlights:
1] KLG Systel’s various Strategic Business Units (SBU’s) are as follows:
a) Power Systems Solutions: It provides on-line IT solutions to power utilities using its self developed software Vidushi, SG61 Technology and other solutions with backing from world renowned companies primarily for determining T&D losses, identifying areas of power pilferage, on spot billing, cheque collection & increased revenue collection efficiency. This division has established itself in the distribution sector and has secured / implemented various orders in the states of Rajasthan HP, UP & Punjab.
b) Automation & Control: It provides generic automation solutions for Metal, Pharma, Food, power, automotive industries providing them enhanced agility in manufacturing, design and supply chain management.
c) Computational Engineering & Sciences: It provides Plant Life Cycle solutions across various user industries.
d) Enterprise Business Solutions: The company has partnered SAP for implementation of its ERP solutions.
2] In the year 2007, KLG achieved a quantum jump in revenues (136% growth YOY), EBIDTA (206% growth YOY), Profit before tax (291% growth YOY) and Net profit (321% growth YOY).
3] In March 2007, KLG Systel raised USD 22 Million by issue of FCCB’s (currently listed on the Singapore Stock exchange) to Goldman Sachs International. These are convertible into equity shares at an initial conversion price of Rs.400 per share. In May 2007, KLG issues 5 lakh warrants (convertible into equivalent equity shares) at Rs.362 per warrant to BNP Paribas Arbitrage & Goldman Sachs (Asia) Finance.
Future prospects:
1] In May 2007, the company launched a worldwide communication intelligent network ( http://www.connectgaia.com/ - www.connectgaia.com ) as a viable solution to the global energy and environment crisis. This will be available in India, China, USA, Europe & S.E. Asia. This tool empowers consumers to monitor their electricity consumption.
2] The Power Systems solutions segment plans to enhance its portfolio by expanding services up to 33/66 KV level & also involve in the franchise of power distribution. Power Utilities in India are increasingly aiming towards energy conservation and cost effectiveness and this is expected to benefit KLG as it possesses the necessary capabilities in terms of software (Vidushi, SG61 Technology), EPC jobs and distribution Management systems.
3] The Automations & Control segment will focus on moving up the value chain to enhance its share of enterprise deals and gain a larger market share using the SAPERP & Netweaver platforms.
4] The Computational Engineering & Sciences segment is now in a position to provide complete product design to the design & manufacturing sector.KLG has set up an infrastructure of 250 design stations for harnessing opportunities in this area. It aims to aggressively capture a higher value added market share in the domestic market and also tap the huge Engineering services outsourcing market.
5] The Enterprise Business Solutions segment in partnership with SAP plans to tap the huge Small & Medium enterprises market and medium retail market for ERP solutions.
Valuation:
KLG Systel is in a very niche interesting space which addresses huge untapped potential. The company has so far demonstrated its ability to move up the value chain and address a larger pie of the available market. It offers an exciting play on Power sector solutions & Domestic Engineering services & outsourcing opportunity. Although it remains a high risk stock in terms of execution risks, it has the potential to provide huge returns over an 18-24 month time frame.
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If you buy for a non-value reason, you will end up selling for a non-value reason.
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Posted By: jstk
Date Posted: 06/Sep/2007 at 11:48am
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Typo in EV, should be around 633 cr. jayendra
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If you buy for a non-value reason, you will end up selling for a non-value reason.
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Posted By: tyler_durden
Date Posted: 07/Sep/2007 at 12:03pm
KLG was on my radar too ... and i was impressed by its products and services but just take a look at it during 2000 ... it fell from 500 or 600 to 15 level.... its too risky.... untill of course you understand this space superbly...
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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Posted By: vincent
Date Posted: 08/Sep/2007 at 1:58pm
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27th Aug, '07 : KLGSystel Ltd Acquires 51% Stake In Atlantis Lab:
KLG Systel Ltd, the leading knowledge-based IT-centric Business Life
Cycle Solutions company, today announced the acquisition of a 51%
majority stake in Atlantis Lab Pvt Ltd, a dedicated engineering
solutions company with over 130 employees. Atlantis Labs will now form
a subsidiary of KLG Systel Ltd., catering to the strong domestic
market, while also tapping Engineering Services Outsourcing
opportunities from developed countries such as North America and
Europe. Atlantis Lab’s current service offerings include
product design, design automation, design simulation, tool design,
design data migration, and PDM/ PLM solutions for the growing
automobile, aerospace, Industrial machinery and Heavy Engineering
markets. The relationship will also provide KLG Systel an
opportunity to widen its reach to the 3 design hubs of the country
which are Chennai, Pune and Bangalore. Atlantis Lab already has a
strong base in these cities. KLG Systel plans to grow the newly
acquired subsidiary to an estimated 1000 design & analysis seats by
the year 2008. The new subsidiary will focus on Automotive, Aerospace,
Industrial Machinery, Heavy Engineering, Ship Building, Power and
Process verticals where there is a strong demand for Product Design and
Product Life Cycle solutions and services. The new subsidiary
will offer a state of the art design solution and services like FEA
(Finite Element Analysis) / FEM in static, vibration, crash, impact,
CFD (Computational Fluid Dynamics), NVH (Noise Vibration Harshness),
BIW weld fixtures, Mold Flow analysis, Reverse Engineering, Electronics
& Navigation systems, Technical Documentation, NC path generation,
Plant Design, Plant stress analysis etc. This design centre will have
an ultra modern RPD (Rapid Prototyping) and testing facilities for the
industry, providing KLG Systel’s clients to carry out live prototyping
and testing of the designs being delivered. Currently there are very
few design centers in the world, which offer a complete solution from
design to prototyping and testing.
The coming years will see
the subsidiary setting up ODC (Offshore Design centers) for its Global
and Indian clients. These will be capable of designing and developing
complete products from India giving competitive edge to its clients in
terms of productivity and value. Seeing the high global demand
for design and engineering services, KLG Systel has already initiated
work in this area by setting up an infrastructure for 1000, state of
the art design and analysis stations at its Headquarters in Gurgaon
(Haryana), India. KLG Systel is already a strong player in the
Power, Process, Petroleum, Ports & Airports, Roads & Highways,
Home Building, Ship Building, Automotive and Metal industries. KLG
Systel has extensive experience and expertise in the Plant Life Cycle
Solutions (Plant Design Solutions) business, which has been its
stronghold since the inception of the company, providing solutions to
major oil refinery, power plants and engineering construction projects. Over
the past two years, KLG Systel has also been making successful inroads
into the Product Life Cycle Business (Computer Aided Mechanical /
Electrical Design solutions) and is now in a position to offer
art-to-part solutions to the design and manufacturing segment in India. Worldwide
the Engineering Services market is making great strides. The recent
NASSCOM BOOZ Allen Hamilton study of international trends in
Engineering Services Outsourcing markets, predicts that by 2020, 25 to
30 percent of the projected $225 billion global offshore engineering
services market could belong to India.
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Time is your friend on the road to wellbeing.
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Posted By: vincent
Date Posted: 08/Sep/2007 at 2:02pm
29th aug, '07: KLG Systel Ltd. Bags Orders Over Rs. 67 Crore:
Continuing its growth trend, India’s leading knowledge-based IT-centric
Business Life Cycle Solutions company, KLG Systel Ltd., today announced
that it has been awarded orders worth over Rs. 67 crore from the
Governments of Rajasthan and Haryana.
The projects covered in this
order include that of Revenue Management for power utilities and
boosting the power infrastructure in the states of Haryana and
Rajasthan.
KLG Systel shall, in the course of these project
deployments, use its innovative SG61TM technology to reconcile and
manage the power distribution in utilities. KLG Systel has extensive
experience and expertise in the Utilities business and will use state
of art Project Management tools for timely execution of these projects.
These projects are expected to be completed by March 2008.
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Time is your friend on the road to wellbeing.
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Posted By: vincent
Date Posted: 13/Sep/2007 at 4:05pm
KLG Systel Ltd has announced that connectgaia.com a revolutionary
solution developed by the Company, on September 13, 2007 was declared
the winner for Innovative Energy Saving Product / Service by
Confederation of Indian Industry (CII).
The award is a part of the
National Award for Excellence in Energy Management 2007 which was held
at CII - Sohrabji Godrej http://moneycontrol.com/india/messageboardblog/15/32/message_thread/1917497/2208743# -
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Posted By: vincent
Date Posted: 18/Sep/2007 at 3:18pm
KLG Systel Ltd on September 18, 2007 has announced that it has been
awarded orders worth over Rs 25 crore from the Government of Haryana
and Rs 7.5 crore from Government of Rajasthan. These projects follow
orders worth Rs 67 crore that KLG Systel received earlier in September.
With these new orders, KLG Systel has been awarded projects worth a
total of Rs 100 crore in the month of September 2007.
_______________________________________________
The company plans to execute these projects by mar '08.
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Time is your friend on the road to wellbeing.
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Posted By: vincent
Date Posted: 18/Sep/2007 at 5:04pm
Excepts of interview of Mr. Kumud Goel MD with CNBC : 17th sept, '07
You
recently acquired Atlantis lab for an all cash deal of about Rs 12 cr,
could you put into perspective what this acquisition would mean for
your http://www.moneycontrol.com/india/news/interviews/klg-systel-looking-for-acquisitionaerospace-kumud-goel/16/01/303460# -
A:
We have acquired 51% of Atlantis Lab for Rs 12 cr. It is a mechanical
CAD and Computer Aid Engineering (CAE) company, working in the area of
automobile sector. It strengthens our offering in computer aid design
to the Indian market.
This company is slated to do about Rs 12 cr this year which will add that much to the topline of KLG.
Q: How many seats do you currently have and how do you think you will have post the integration of Atlantis post 2008?
A:
Atlantis is one of the biggest suppliers of engineering design to Tata
Motors, Ingersoll-Rand, John Deere, Atals Copco and many other large
automobile and mechanical engineering companies. It is right now
150-people and based on expansion that we are doing and we are hoping
there will be 1,000 people by the end of one year from the acquisition
that is by August’08.
Q: Any organic growth plans that you have and would you be looking to raise any http://www.moneycontrol.com/india/news/interviews/klg-systel-looking-for-acquisitionaerospace-kumud-goel/16/01/303460# - for other companies in the aerospace for acquisition.
Q: Have you laid a target in terms of sales and profits for FY08?
A: Our Company has been growing at 100% and I think this year we should be doing much more than that.
source:moneycontrol.com
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Time is your friend on the road to wellbeing.
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Posted By: deepinsight
Date Posted: 18/Sep/2007 at 5:31pm
Gents any clue on the fully diluted earnings after the FCCB, warrants, etc. (08 and 09)?
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"Investing is simple, but not easy." - Warren Buffet
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Posted By: jstk
Date Posted: 24/Oct/2007 at 5:17pm
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below is an interesting article i came across. It explains the interesting space that KLG is addressing .........
KLG Systel-Powerful Pay-Off :
With Vidushi, SG61 and http://connectgaia.com/ - Connectgaia.com KLG Systel has the wherewithal to cut transmission and distribution losses of Utilities at one end and managing power demand at the place of use.
This rant is about profiting from the death of power and gas meters and the end of the meter reader. Now I don't want to get any angry e-mails from meter readers. Face it, guys, you're in the buggy-whip business, so you might as well get used to the fact that transformational change happens in all countries, industries and, eventually, technologies.
The day will also come when kids ask "What's a meter reader?"
Automated meter reading systems are starting to quickly replace the 100-year-old power and gas meters around the world -- in Russia, Italy, Norway, and even in the good, old, head-in-the-sand US of A.
But replacing centuries-old technology is only the beginning. The future is networked energy systems -- an "energy consumption management Internet" that I call "negawatt" management.
Negawatt Investing
The negawatt is the idea behind KLG Systel. After having been the boom-bust phase in the internet craze, the corporate is rapidly attaining critical mass necessary to start making tons of money in the negawatt business. I've been waiting patiently, and now the earnings and margin expansion time has come.
The idea behind the negawatt is that the best way to save on energy is by not producing it. The easiest, fastest, cheapest and, ultimately, cleanest way to meet new power demand is to keep that demand from occurring in the first place.
With consumer demand for electricity increasing every year -- to the tune of 2.7% a year in the United States and 9% annually in China -- there are not enough coal and nuclear power plants to meet demand.
Using less of what we have requires a transformation in power consumption management -- i.e., networked energy systems or NES.
Demand management companies, like KLG Systel, achieve their goal by installing systems like "smart meters" that allow electricity consumption to be managed remotely in residences and businesses.
This gives companies the tools to regulate energy usage by controlling air conditioners, refrigeration units, and other large electricity-consumption sources via a sophisticated network of computers, sensors and wireless technology -- no need to send someone out to read the meter.
Without negawatt technology, utilities are frequently left with unattractive alternatives to reduce consumer demand, meaning they either need to buy additional capacity on the spot market (often at high prices) or impose rolling blackouts.
A Win-Win Situation
Consumers and businesses that agree to install smart meters get a 15% to 25% discount on their utility bill, while the utility companies avoid the hassle and cost of needing to juice up old power plants or build new ones.
Remember, even if utility companies have the money to build new coal plants to meet greater demand, they might not be able to because of environmental or regulatory concerns.
So, there is really little choice but to begin pursuing the types of solutions that demand-management companies are offering.
The idea of this "demand response" approach to energy consumption is to make the common energy-consuming devices (water heaters, lights, etc.) consume less energy overall and much less energy during peak power consumption times. For example, water heaters that are managed could warm water in the early morning, before energy usage begins to peak and prices are highest.
Eventually, smart meters will allow for tiered-pricing plans under which utilities can adjust energy prices according to real-time grid demand, and the meters will respond to such changes in costs. During peak energy usage times, building administrators can make agreements with utility companies to reduce energy usage in return for payments or discounts on electricity.
And this not only reduces the amount of energy used, it also reduces the occurrence of blackouts due to the lack of capacity to meet demand during the peak times.
For all of these reasons, I think smart meters will be the death of the power meter and the birth of the business of making energy not only work better, but work harder.
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If you buy for a non-value reason, you will end up selling for a non-value reason.
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Posted By: vincent
Date Posted: 17/Dec/2007 at 3:54pm
Energy Audit Compulsory
The government is set to make energy audit compulsory. With more than a third of
the power generated in the country going into a black hole, the government wants
to curb unwanted power consumption as well as transmission & distribution
(T&D) losses.
The auditing
will start with power distribution companies followed by high-end consumers, and
finally end up with low-end consumers. The move is aimed at making the country
power-efficient and to accelerate the reforms in the
sector.
Confirming the
development, Planning Commission member BK Chaturvedi told ET, “The
Planning Commission has suggested making energy audit compulsory in every state.
A major challenge in the energy sector is improving the efficiency. The
transmission losses in the power sector are 20-25% against the international
norm of less than
10%.”
Union power
minister Sushil Kumar Shinde recently announced that the country is facing a
power deficit of 22,000 mw. “In the last three five-year Plans, the
country could add only 52,312 mw of power. However, in the current Plan, we wish
to add 80,000 mw. Orders have been placed for 56,000 mw,” Mr Shinde added.
The country, which generates 1.3 lakh mw, losses as much as 30,000 mw in
T&D.
During the 10th
Five-Year Plan, the government launched the ambitious Accelerated Power
Development & Reforms Programme (APDRP) to cut down T&D losses. The
government is now keen to throw open the T&D business to private players
such as Tata Power and Reliance Energy, which have been successful in reducing
losses in Mumbai and Delhi. Despite decades of efforts by the government, the
state electricity boards could not reduce electricity
losses.
“The power
equipment being used for various purposes — airconditioners, bulbs and
other power gadgets — have no restriction on energy efficiency. The
consciousness about using less electricity has not pervaded the people. Some
bold steps should be taken. Energy audit will be a part of the APDRP,” Mr
Chaturvedi added.
Besides
making energy audit compulsory, the Planning Commission has suggested other
measurers to improve energy efficiency, including reaping daylight saving,
promoting solar hot water systems, implementing time-of-day tariffs and
instituting efficiency audit programmes.
The commission has called for
a change in government policies to promote energy efficiency in power equipment
purchases, fuel-efficient vehicles and emphasis on urban mass transit
systems.
source : ET
This should be a good trigger to stocks like klg and ICSA
REL has a stake in both the companies thro sonata investments.
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Time is your friend on the road to wellbeing.
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Posted By: kulman
Date Posted: 17/Dec/2007 at 6:43pm
Thanks Vincent. There is one interesting portal to learn about opportunities in Energy conservation, efficiency, energy audits etc ...
http://www.bee-india.nic.in
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Life can only be understood backwards—but it must be lived forwards
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Posted By: vincent
Date Posted: 03/Jan/2008 at 12:03pm
Icici direct has come out with a research report on 31st Dec, '07
would appreciate if Teddies can analyse this
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Exhibit1: Key
Financials
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Year to March 31
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FY07
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FY08
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FY09E
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FY10E
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Net Profit (Rs crore)
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22.4
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44.3
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76.4
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105.1
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Shares in issue (crore)
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1.1
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1.45
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1.45
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1.45
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EPS (Rs)
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20.7
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30.5
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52.5
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72.3
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% Growth
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47.4
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72.4
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37.7
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P/E (x)
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43.6
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29.5
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17.14
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12.45
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Price/Book (x)
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9.0
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4.7
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3.8
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3.0
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EV/EBIDTA
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28.25
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16.84
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10.78
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8.26
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RoNW (%)
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20.7
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16.0
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22.3
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24.2
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RoCE (%)
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12.9
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21.3
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28.7
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29.3
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Time is your friend on the road to wellbeing.
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Posted By: vincent
Date Posted: 13/Jan/2008 at 2:23pm
Originally posted by kulman
Thanks Vincent. There is one interesting portal to learn about opportunities in Energy conservation, efficiency, energy audits etc ...
http://www.bee-india.nic.in
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I do not think I posted anything to deserve kulmanji's thanks. The bee website is great indeed!! Thanks for that.
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Time is your friend on the road to wellbeing.
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Posted By: vincent
Date Posted: 15/Jan/2008 at 5:20pm
INDIA, New Delhi, January 14, 2008: KLG Systel, registered an increase in net income by 124.79% and touched a high of Rs. 9,213.35 lacs from the corresponding quarter last year (quarter ending December 31, 2006),
which saw a net income of Rs. 4,098.63 lacs. The company reported a
cash profit of 2,155.49 lacs as against Rs. 1080.45 lacs for the corresponding quarter in the previous year, recording an increase of 99.50%.
The company also reported a robust profit before tax, which
also increased by Rs. 1,015.28 lacs (108.95%) from Rs. 931.90 lacs from the corresponding quarter last year to Rs. 1,947.18 lacs. The profit after tax increased by Rs. 1,003.39 lacs (141.21 %) from Rs. 710.58 lacs in the corresponding quarter of the previous year to Rs. 1,713.97 lacs.
The company reported a profit before tax of Rs. 5,103.24 lacs over the past three quarters this year as against Rs.1, 820.16 lacs for the corresponding nine months in the previous year. In terms of cash
profit, KLG Systel reported Rs. 5,662.86 lacs for the past nine months this year as compared to Rs. 2,222.89 lacs for the same period the previous year. The profit after tax increased by Rs. 2,440.96 lacs from Rs. 1,391.77 lacs in the corresponding nine months of the previous year to Rs.3, 832.73 lacs this year.
The basic earning per share (EPS) went up to Rs.15.82 during the quarter and the cash earning per share went up to Rs. 17.97 as compared to Rs. 7.98 and Rs. 10.08 during the corresponding quarter
of the previous year.
The company’s Life Cycle Solutions contributed Rs. 2,706.35 lacs in revenues, a growth of 88.05% compared to Rs. 1,439.11 lacs in revenues reported for the corresponding quarter last year. Power
System Solutions contributed Rs. 6,507 lacs in revenues for the quarter, a growth of 144.66% compared to Rs. 2,659.52 lacs reported for the corresponding quarter last year.
The quarter also saw KLG Systel enter a Distributorship Agreement for the Small and Medium Enterprises segment with SAP India. connectgaia.com also received the Golden Peacock Award in the
Innovative Product / Service category.
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Time is your friend on the road to wellbeing.
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Posted By: EMANI
Date Posted: 28/Jan/2010 at 1:27pm
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KLG SYSTEL.....is currently available at less than its book value of
198/-(CMP184).It is available at 9.79 PE against the industry average
of23.4.The company has some important patent rights to its credit and
is widening the area of operations to the middle east and far east.The
co. had earlier alloted FCCBs to Goldmansachs at 350/- and converted
warrents to its promoters at 261/-.As the engg, construction and power
sectors regain growth ,the company should be able to deliver good
results.The companys board is meeting on 30-01-2010 to take decision on
splitting the face value from Rs.10 to Re.1
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esn
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Posted By: EMANI
Date Posted: 28/Jan/2010 at 1:30pm
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KLGs debt eq. ratio is 0.75 while ROCE AND RONW are15.35 and 15.81 respectively.
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esn
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Posted By: EMANI
Date Posted: 29/Jan/2010 at 1:10pm
KLG SYSTEL has support at 176 and resistance at 187 as of now.
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esn
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Posted By: EMANI
Date Posted: 31/Jan/2010 at 9:52am
KLG SYSTEL....is heading to cross 196 and 200 levels
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esn
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Posted By: EMANI
Date Posted: 05/Feb/2010 at 9:59am
KLG Systel Ltd has informed BSE that the Board of Directors of the
Company at its meeting held on January 30, 2010, inter alia, have
transacted following business:
1. Approved the allotment of 2920 fully paid up equity shares of Rs.
10/- each at a premium of Rs. 109.58 per share for cash to employees of
the Company on exercise of options vested on April 12, 2009 in
accordance with KLG Employee Stock Option Scheme, 2005.
2. Approve the Sub-division of 1 (one) equity shares of the Company
having face value of Rs. 10/- each into 10 (Ten) equity shares of Rs.
1/- each subject to the approval of shareholders.
3. Approve the Postal Ballot Notice for seeking shareholders approval
for Sub-Division of equity shares and Amendment in the Memorandum of
Association.(source moneycontrol.com)
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esn
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Posted By: photophobic111
Date Posted: 08/Feb/2010 at 8:22am
Any downsides to this company which can retard its earnings? How much sustainable are its earnings? What are its big competitors in products like vidushi/connectgaia.com?
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Posted By: photophobic111
Date Posted: 02/Mar/2010 at 7:58am
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Why this has been falling for past 6 months? I tried searching for news, but did not get bad developments for this company. Anybody following this company or have info on this?
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Posted By: kd1974
Date Posted: 03/Mar/2010 at 1:41pm
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Just check the annual reports of KLG systel and check compensation for MD and chairman.....almost 5% of net profit are going to them as compesation/profit sharing....all family members are part of board and taking money out in terms of various expenses. Big names are added to board just for their names. I will advise to stay away from KLG as management is not top class. they may have delivered before, but when time comes to act as top class management, there are better options elsewhere
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Posted By: kd1974
Date Posted: 03/Mar/2010 at 1:42pm
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Promot is not very good. just check annual reports for promotor compensation...got 100% hike when busies was down!! I will a
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Posted By: EMANI
Date Posted: 16/Mar/2010 at 9:16pm
Postal ballot refuted spilitting of shares.
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esn
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Posted By: photophobic111
Date Posted: 26/Mar/2010 at 2:22am
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Is there any development which caused the windfall for this company? Products/Solutions provided by the company look good. Not sure how/when well they can translate it to profits....
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Posted By: photophobic111
Date Posted: 26/Mar/2010 at 6:13am
Intel invested in KLG / July and MCX.
http://infotech.indiatimes.com/news/hardware/Intel_invests_in_3_Indian_IT_cos/articleshow/5727821.cms
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