Suyog Telematics Limited Stock Research

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Suyog Telematics Limited Detail

Suyog Telematics Limited is in portfolio of Satpal Khattar. He is one of the top investors in India. The company belongs to Telecommunications sector. 

As per the Company website it is in business of passive telecommunication infrastructure provider in India.“Passive infrastructure” refers to the telecommunication towers for wireless telecommunication services.

provides services in terms of infrastructure provisioning for Poles, Towers and Optical Fibre to Telecom Operators. The Company offers below services

  • Fiber Optic Network solutions
  • Tower Erection Service
  • Pole Erection Service

The Clients are Airtel, Vodafone and Reliance Jio.The Company has major presence in Mumbai region and Uttarkhand region. It is planning to increase its exposure to other regions as well.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Suyog Telematics Limited Stock Performance

The stock has given exceptional return if you consider absolute returns between year 2014 and 2019. The stock was trading at 21 INR in year 2014 when it got listed on exchanges. In last 5 year period it was helped by the bull run and gave massive returns of more than 18 times.

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IPO investors have made good amount of money in this counter. During recent correction also stock was able to sustain above 200 price point.

Suyog Telematics Limited My Opinion

Suyog Telematics Limited is an Telecommunications Company. There are not too many companies operating in this niche. It also has its own infra structure near Mumbai region which it rents to different service providers.

It has optical fiber cable network of about 150 km from Thane Ghodbunder Road to Kalamboli. More than 80 owned telecommunication towers in Maharashtra and Uttarakhand. More then 301 Owned Poles in and around Mumbai. It has also started working on pole installation for CCTV cameras and other traffic and security measure which will help in additional revenue generation.

This is small company operating in Mumbai region. The revenue is from renting its own infrastructure to telecommunications companies. It also is in business of providing these services to companies. I personally do not see very much potential in this business. This is in infrastructure service provider and is capital intensive business. However if Companies give contract for such sites then it has more chances of making money.

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In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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