Risk factor
Very poor trading liquidity
Profitability factor
Strong margins and returns
About
Bartronics India Limited specializes in delivering advanced automatic identification and data capture (AIDC) technologies, catering to clients both domestically in India and across international markets. The company's comprehensive product suite includes various smart card types—such as memory, cryptographic, GSM, contactless, biometric, and national identity cards—along with radio frequency identification (RFID) systems and enterprise mobility solutions. They also play a significant role in e-governance initiatives, implementing projects like financial inclusion, public distribution, pilgrim administration, health insurance, and smart card-based driving licenses and vehicle registration. Beyond these, Bartronics offers sophisticated track-and-trace systems for items such as MRO tools, weapons, vehicles, surgical equipment, patients, and documents, alongside infant protection/monitoring and animal identification technologies. Their management solutions extend to warehouses, fleets, inventory, assets, libraries, visitors, contract labor, and pilgrims. Furthermore, they provide essential time and attendance as well as access control systems. On the services front, Bartronics delivers a wide array of IT offerings. These encompass application management (covering modernization, operations, support, middleware, and database services), application development, and enterprise solutions that integrate Enterprise Resource Planning (ERP), Enterprise Application Integration (EAI), Business Process Management (BPM), Business Intelligence (BI), Service-Oriented Architecture (SOA), enterprise portals, content management, and enterprise mobility. Their IT infrastructure management capabilities include data center operations, end-user computing, network and security management, remote infrastructure services, and IT service desk support. Strategic sourcing services complete their extensive service portfolio. The company's clientele spans diverse sectors, including banking and finance, education, government, healthcare, law enforcement and public safety, manufacturing, telecommunications, transport and logistics, and aerospace. Founded in 1990 as Super Bartronics Limited, the company adopted its current name, Bartronics India Limited, in January 1996 and is headquartered in Hyderabad, India.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB