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Saturday, March 7, 2009

Pick of the Week: CORE Projects & Technology

Core Projects

BSE Code (512199), CMP: 44.00,

Target: 52 to 54 IN SHORT TERM


CORE Projects & Technologies Ltd. is a leading provider of best of breed end-to-end Solutions in the Education Domain worldwide. Listed on the BSE & NSE and rated The Fastest Growing IT Company in the State of Maharashtra, India, and CORE is a CMMi Level3 and ISO 9001:2000 certified Company, achieving over 100% annual growth.

COREs offerings in the education domain include products and solutions in the areas of School Management Systems, Assessment Systems, Accountability Systems and IT Infrastructure Systems. CORE has recently acquired companies in the US and UK, thus consolidating its position as a dominant player in the education sector. These acquisitions bring with them complementary solutions and services, ensuring CORE is well on its way to becoming an end-to-end solutions provider in the global education space, providing school administrators with the tools needed to offer quality education to students worldwide.

COREs education customer base is spread across the USA, UK, Africa, Sri Lanka, Bahamas, Caribbean and India. CORE has been awarded a prestigious contract with the State Government of Jharkhand under the Education for All program (Sarva Shikhsa Abhiyan) and is looking at strengthening its foothold in India backed by its International experience.

In the Logistics domain, CORE is focused on providing RFID and GPS based tracking solutions, asset management and smartcard based solutions. The focus industries are retail, manufacturing, logistics, and healthcare. In the ERP domain, CORE caters to Fortune 500 customers. Its offerings in this space include onsite & offshore solutions, development & production support and project staffing for SAP, Oracle, PeopleSoft, and JD Edwards.

Sales and NP for year ended 07 to 08 were 200 Cr & 44.6 Cr. Sales and NP for latest Quarter 64.9 Cr & 13.3 Cr. On YOY basis NP has increased by 280% and based on latest quarter NP has increased by 27% Dividend during year ended 07 to 08 was 10%

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