Whalesbook
Toh bhaiyon, yeh itna bada dividend aur itni shaandaar margins aaye kaise?
Asal mein, OFSS ne Q4 FY26 mein kamaal ka performance dikhaya hai. Unka consolidated net profit 38.1% badh kar ₹842 crore ho gaya hai, aur revenue bhi 5.1% upar jaakar ₹2,065 crore pahunch gaya. Lekin sabse zabardast toh unki EBIT margins hain, jo 40.9% se leap karke seedha 50.4% par aa gayi hain! Imagine karo, EBIT profit 29.5% badh kar ₹1,041 crore ho gaya hai. Isliye company ne ₹270 per share ka ek tagda interim dividend announce kiya hai, jiska record date 7 May hai aur paisa 21 May tak mil jayega.
Is khabar ka asar stock market par bhi dikha. Jabki Nifty 50 0.81% neeche tha, OFSS ke share 2.47% bhaag gaye aur ₹8,126.50 par close hue. Volumes bhi achhe the, jab tak market mein thodi volatility thi.
Ab thoda numbers ki baat karein toh, company ki market cap lagbhag ₹69,000-70,000 crore ke aas paas hai. Unka P/E ratio filhaal 28.56 ke aas paas hai, jo shayad unke 10 saal ke average 22.71 se zyada hai, par sector mein yeh normal lag raha hai. Achhi baat yeh hai ki company par lagbhag na ke barabar debt hai, yani financial health bilkul fit hai. Yeh sab OFSS ke internal improvements ki wajah se hua hai, na ki sirf weak rupee ke karan.
Par ab sawal yeh hai ki kya yeh 50% se zyada ki margins sustainable hain? IT sector mein thodi mandi chal rahi hai, clients bhi soch samajh kar kharch kar rahe hain, aur AI ka bhi impact aa raha hai. Kuch analysts ko lagta hai ki OFSS ka current P/E thoda high hai, matlab future growth ka expectation zyada hai. Lekin, strong dividend history aur yeh recent performance investors ka confidence badha raha hai. Dekhna hoga ki OFSS apni operational efficiency kaise maintain rakhti hai.