š At a Glance
All E Tech (aka ALLETEC) is a Microsoft-centric ERP/CRM consultancy that scaled from ā¹54 Cr to ā¹140 Cr in 5 years. Itās delivering22% OPM,30% ROCE, andROE of 22%ā all while staying debt-free. With over 900 project engagements in 30+ countries, itās the quiet engine behind global digital transformationā¦ without the noise.
1ļøā£ Intro: Small ERP, Big ROI
This isnāt your flashy IT giant. No airport ads. No Murthy 2.0 speeches.
Itās a ā¹765 Cr SME stock thatās:
- Profitable for 15+ years
- Focused solely onMicrosoft DynamicsERP & CRM services
- Posting a5Y PAT CAGR of 76%
Most investors skipped it post IPO. Now, itās up47% in 1 year. And yes ā itās still under the radar.
2ļøā£ WTF Do They Even Do?
š Theydonātbuild products. They build thecustomization
layerover Microsoftās cloud stack.
šØāš» Core Offerings:
- ERP & CRM consulting(Microsoft Dynamics 365)
- Intelligent Cloudsolutions
- Custom low-code apps, Power BI dashboards, Azure integration
- Support & maintenancefor enterprise rollouts
š§¾Clients across 30+ countries, 900+ project engagements.Mostly mid-sized enterprises that canāt afford Accenture, but still want top-grade ERP.
3ļøā£ Financials: The No-Noise Multibagger
š 6-Year Snapshot (ā¹ Cr)
| FY | Revenue | Net Profit | EPS (ā¹) | OPM % | ROE % |
|---|---|---|---|---|---|
| FY20 | ā¹54 | ā¹2 | 25.97 | 3% | NA |
| FY21 | ā¹61 | ā¹10 | 74.98 | 17% | 20% |
| FY22 | ā¹70 | ā¹8 | 5.60 | 16% | 20% |
| FY23 | ā¹88 | ā¹12 | 5.74 | 14% | 19% |
| FY24 | ā¹116 | ā¹20 | 9.75 | 17% | 22% |
| FY25 | ā¹140 | ā¹30 | 14.93 | 22% | 22% |
š§ EPS looks jumpy due to capital base expansion post-IPO. Butprofit has grown 3.7x in 3 years.
4ļøā£ Valuation ā Cheap, Meh, or Crack?
CMP: ā¹379EPS (FY25): ā¹14.93P/E = 25.4xBook Value = ā¹71.5 ā P/B = 5.3x
