ATS Company Reports: Rolta india Access Company Reports here: http://www.adityatrading.in/Research-Reports.aspx

2. Company Details
Rolta is a leading provider of innovative IT solutions for many vertical segments, including Federal and State
Governments, Defense/HLS, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and
Healthcare. By uniquely combining its expertise in the IT, Engineering and Geospatial domains, Rolta
develops exceptional solutions for these segments. The company leverages its industry-specific know-how,
rich repository of intellectual property that spans photogrammetry, image processing, geospatial
applications, business intelligence, analytics, field-proven solution frameworks, and deep expertise in
cutting-edge technologies like Geo BI, Analytics, Cloud computing, Software Defined Infrastructure and Big
Data for providing sophisticated enterprise-level integrated solutions.
Rolta is a multinational organization headquartered in India. The company operates from 40 locations
worldwide through its subsidiaries, and has executed projects in over 45 countries. The company
benchmarks its quality processes to the world's best standards, like successful assessment for Software
Application Development and Maintenance at the highest Level 5 of SEI's CMMI® version 1.3.. The
company's GDRs are listed on the Main Board of London Stock Exchange. The company's 'Senior Notes'
are listed on Singapore Stock Exchange.
Rolta has established a joint venture with Stone & Webster Inc., USA in order to develop expertise in the
engineering domain. This joint venture provides high quality engineering services worldwide to selective
refinery, petrochemicals and power projects in India. Rolta has formed strong business partnerships with
many technology firms such as Intergraph, Z/I Imaging, PTC, Thales, CA, IBM, Microsoft, and Oracle. These
partnerships have facilitated the company in providing cutting edge technology enabled solutions and
moving up in the value chain.
The current market capitalization stands at Rs 1,679.44 crore. The company has reported a consolidated
sales of Rs 885.79 crore and a Net Profit of Rs 70.80 crore for the quarter ended Sep 2014.

3. Category No. of Shares Percentage
Promoters 82,303,298 51.02
General Public 40,879,597 25.34
Foreign Institutions 23,173,428 14.36
Other Companies 6,066,749 3.76
Financial Institutions 4,103,978 2.54
Foreign - NRI 1,834,509 1.14
Others 1,628,675 1.01
Foreign - OCB 75,200 0.05
Foreign Industries 56,250 0.03
NBFC and Mutual Funds 800 0.00
Central Government 102 0.00
Market Cap (Rs Cr) – 1679.44
Company P/E – 2.15
Industry P/E – 23.21
Book Value (Rs) – 187.83
Dividend (%) – 22.50 %
EPS (TTM) – 48.32
Dividend Yield (%) – 2.16%
Face Value (Rs) - 10
Share Holding Pattern Financial Details

4. Mar '14 Jun '13 Jun '12 Jun '11 Jun '10
Sources Of Funds
Total Share Capital 161.33 161.33 161.33 161.33 161.19
Equity Share Capital 161.33 161.33 161.33 161.33 161.19
Reserves 2,868.90 2,383.50 2,304.45 2,142.23 1,743.13
Networth 3,030.23 2,544.83 2,465.78 2,303.56 1,904.32
Secured Loans 2,458.91 2,184.57 2,142.15 798.64 646.56
Total Debt 2,458.91 2,184.57 2,142.15 798.64 1,196.73
Total Liabilities 5,489.14 4,729.40 4,607.93 3,102.20 3,101.05
Application Of Funds
Gross Block 4,814.50 4,444.32 3,003.01 2,005.65 1,597.91
Net Block 4,814.50 4,444.32 3,003.01 2,005.65 1,597.91
Capital Work in Progress 153.68 19.60 311.10 282.52 242.85
Investments 656.78 654.90 727.57 713.57 616.40
Sundry Debtors 471.08 261.38 567.67 682.73 615.86
Cash and Bank Balance 41.03 18.84 16.05 31.57 39.37
Total Current Assets 512.11 280.22 583.72 714.30 659.11
Loans and Advances 251.76 181.24 372.37 264.85 262.45
Total CA, Loans & Advances 763.87 461.46 956.09 979.15 921.56
Current Liabilities 838.35 759.10 258.74 764.84 168.87
Provisions 61.34 91.78 131.10 113.85 108.79
Total CL & Provisions 899.69 850.88 389.84 878.69 277.66
Net Current Assets -135.82 -389.42 566.25 100.46 643.90
Contingent Liabilities 3,247.35 3,121.28 291.79 195.13 25.12
Book Value (Rs) 187.83 157.74 152.84 142.79 118.14
Balance Sheet

5. Profit and Loss Account
Mar '14 Jun '13 Jun '12 Jun '11 Jun '10
Income
Sales Turnover 1,142.89 1,310.94 1,468.07 1,448.75 1,170.44
Net Sales 1,142.89 1,310.94 1,468.07 1,448.75 1,170.44
Other Income 58.49 -1,118.16 35.84 150.32 29.43
Total Income 1,201.38 192.78 1,503.91 1,599.07 1,193.30
Expenditure
Raw Materials 0.00 67.18 257.82 355.64 251.16
Power & Fuel Cost 0.00 0.00 0.00 0.00 0.00
Employee Cost 171.42 216.19 209.98 197.44 171.45
Other Manufacturing Expenses 37.30 0.00 0.00 0.00 0.00
Miscellaneous Expenses 125.32 92.54 138.14 113.47 72.66
Total Expenses 334.04 375.91 605.94 666.55 495.27
Operating Profit 808.85 935.03 862.13 782.20 668.60
PBDIT 867.34 -183.13 897.97 932.52 698.03
Interest 142.33 192.46 103.70 53.30 38.60
PBDT 725.01 -375.59 794.27 879.22 659.43
Depreciation 354.21 359.95 433.61 321.36 259.42
Profit Before Tax 370.80 -735.54 360.66 557.86 400.01
PBT (Post Extra-ord Items) 370.80 -735.54 360.66 557.86 400.01
Tax -88.59 1.89 33.32 62.50 39.50
Reported Net Profit 459.39 -737.43 327.34 495.36 360.50
Total Value Addition 334.04 308.73 348.12 310.91 244.12
Equity Dividend 36.30 48.40 48.40 56.49 52.39
Corporate Dividend Tax 6.17 8.23 7.85 9.16 8.70

6. Dividend and Bonus History

7. Index and Company Comparison

8. Company Forecast

9. PBIT – 39.57 v/s 42.74
RoCE – 8.39 v/s 12.89
RoE – 26.58 v/s -37.35
Net Profit Margin – 39.98 v/s -54.80
Return on net worth – 15.16 v/s -28.97
Reserves – 2868.9 cr v/s 2383.5
PAT – 459.39 cr v/s -739.43 cr
Total assets – 5489.14 cr v/s 4729.4 cr
Net sales – 1142.89 cr v/s 1310.94 cr
Book Value – 187.83 cr v/s 57.74 cr
Important Ratios
Days BSE NSE
30 98.83 98.84
50 103.38 103.38
150 107.69 107.67
200 100.55 100.55
Simple Moving Average

10. Recommendations
Buy Rolta India at current or lower market levels
Reasons for the recommendations are :
Rolta is a leading solution provider in GIS and Engineering Design business in domestic
markets with a market share of 70% & 85% in GIS and EDA business, respectively.
Its alliances with global giants like Thales and Stone & Webster and partnerships with
domestic and international majors would drive its growth.
Defense sector traditionally provided for 18-20 percent of Rolta's total revenues. But it is
expected to contribute 30-40 percent of revenues.
 Increased budget allocation for Defense (C4iSTAR) and Homeland Security in the defense
vertical along with FDI in defense will increase the growth of the company
Increase in financial position along with new projects will drive the growth.
Indigenous technology used in most of the products in Finance, IT, Retail, Power, Banking
and insurance.