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Visual Soft net zooms.

Apr 21, 2000

Visual Soft Technologies Limited was formerly known as Visualsoft(India)Ltd. It is engaged in the business of providing solutions in areas of internet and extranet, multimedia, e-commerce,web enabled applications and re-engineering solutions. The company has a suite of products such as visualshift,VS Web Projects, Visual Media Kit and VS E-Comm suite. The company has shown a marked shift in focus from re-engineering to internet technologies such as e-commerce,customer relationship management etc. This augurs well for the company as revenue margins are much higher in these areas of business.

(Rs m) FY1999 FY2000 Change
Sales 303 680 124%
Other Income 5 23 360%
Expenditure 174 390 124%
Operating Profit (EBDIT) 129 290 125%
Operating Profit Margin (%) 42.6% 42.6%  
Interest - -  
Depreciation 13 22 69%
Profit before Tax 121 291 140%
Other Adjustments 2 -
Tax 2 8 300%
Profit after Tax/(Loss) 117 283 142%
Net profit margin (%) 38.6% 41.6%
Earnings per share 18.58 43.33 133%

What is particularly commendable about the company's performance is that despite expenditure going up by 124% on account of rising employee costs , the company's profits have gone up by 150%.

In order to fund its expansion plans by way of overseas acquisitions, the company plans to make a preferential allotment of half a million shares of Rs 10 each to financial institutions and mutual funds at a price to be arrived at later.

IN order to reward its shareholders the company has announced a bonus of 2 shares for each share held which will increase the paid up capital from Rs 65 m to Rs 195 m.

The company already has an attractive employee stock option scheme in place which will enable the company to retain employees. In order to fund its expansion plans the company is also likely to list on the NASDAQ shortly.


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