Transcorp International(532410) : Excellent Buy at CMP OF Rs 41-43 One year Target 75

Company business : Transcorp International Ltd. (TIL) operations include money changing, inward
remittance, car renting services and organizing tours & travels. TIL is licensed by the
Reserve Bank of India as an FFMC (full fledged money changer). TIL initially started its
operations in Mumbai and gradually expanded to 34 locations including Ahmedabad,
Amritsar, Bangalore, Chennai, Kolkata, Mumbai etc.

Performance : Company has delivered excellent results in last 3 quarters .Revenue from operations grew by almost 50% .Company may achieve revenue of 1000 crores this FY  and earn EPS of 4 this FY-2014-15.Stock is trading at forward multiple of only 10 if we compare with other stocks in similar business such as Weizman forex which commands multiple of approx 20 TIL looks cheaper in comparison.

Share holding : Major holding is with promoter more then 73% apart from that HNI hold approx 20% so floating stock is very low.

One may grab the share at current levels and hold for minimum one year for 100% returns

Happy Investing