Company Information
Mahindra Satyam is a leading global business and information technology services company with delivery centers in the US, Canada, Brazil, UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore and Australia. It has a Part of US $ 6.3 bn in Mahindra Group and Tech Mahindra has a ~ 43% stake in satyam.
Superiorities of the stock
- Successful in renewing its contracts with Fortune 500 clients e.g. GlaxoSmith line, GE, BASF, Etc. which are multi year multi dollar deals.
- The company has been active in hiring some key personal across geographies and verticals to drive growth and win new clients.
- For FIFA 2010 event, Satyam successfully intergrated IT systems to support technology assets of US$ 1 bn, over 1 mn hours of development work, 1 mm ticket sales calls, 2,50,000 accreditations, 1,30,000 volunteers, 1,000 vehicles, logistics solutions for all the 32 teams, for 64 matches and 10 stadia’s in South Africa. Satyam has already won a similar contract for FIFA 2014 and other similar contracts are in pipeline.
Key Delta Triggers
- Release of restated financials for the year FY 09 and FY 10 by November, 2010 end.
Share Data (July 2010)
| Price | Rs. 91/- |
| BSE Sensex | 18131 |
| Reuters code | SATY.BO |
| Bloomberg code | SCS IN |
| Market cap. (US$mn) | 2298 |
| 6M avg. daily turnover (US$mn) | 11.2 |
| Issued shares (mn) | 1176 |
| Performance (%) | 1M | 3M | 12M |
| Absolute | (3) | (2) | (13) |
| Relative | (5) | (4) | (32) |
Major shareholders (%)
| Promoters | 43 |
| FIIs | 10 |
| DII’s | 4 |
| Public & Others | 44 |