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Geometric Software Solutions: An Arm’s Length Away

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DQI Bureau
New Update
Fact

Sheet
  • Website: www.geometricsoftware.com
  • Address: Plant 14, Pirojshanagar,

    Vikhroli (East), Mumbai-400079.
  • Tel: +91-022-5960800
  • Fax: +91-022- 5960891
  • Area of specialization: Software

    services, component technology and OEM application in the area of

    CAD/CAM/CAE/PDM and Collaborative Engineering
  • Revenues (March 2001) Rs 44.87 crore
  • Total Employees 430
  • Offices in India: (Mumbai & Pune),

    US, Japan & Germany
  • Listing (stock exchanges): Bombay

    Stock Exchange National Stock Exchange
  • Current Market Price Rs 92
  • 52 Week High/Low Rs 198/ Rs 52
  • BSE Code 32312
  • NSE Code GEOMETRIC
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Geometric Software Solutions was part of the Electronic

Business Equipment division of Godrej & Boyce Manufacturing Company. The

division’s major activities were manufacturing and marketing electronic

equipment. It later began to manufacture electronic typewriters, dot-matrix

printers, workstations and CAD/CAM software. The CAD/CAM activities were spun

off as a separate company in 1994 to focus on the company’s strong

capabilities in these areas. Geometric came out with its initial public offer of

13,10,000 equity shares at a premium of Rs 290 per share in January 2000.

Geometric Software provides comprehensive solutions in the

areas of CAD/CAM/CAE/PDM and collaborative engineering. The company provides

project services, component technology and OEM applications to global mechanical

design and manufacturing markets. These services are provided through its three

strategic business units, namely geometry, information management and

collaborative engineering.

Geometry is the traditional segment of Geometric, which

builds licenses component technologies; provides project services and OEM

products in the areas of CAD/CAM/CAE, apart from offering solutions combining

technologies with services for OEMs and end-users. Currently, revenues from

high-end services form a major part of the total revenues of Geometry.

Technologies are the tool kits that can be used by system integrators to build

end user product for CCCP. Its key technology is the Feature Recognition

Technology, which automatically recognizes features in solid geometry. The

company’s applications include FeatureWorks, which has been developed using

the Feature Recognition technology. CAMWorks is another application using the

Feature Recognition technology, which gives implementation instructions to the

software. The company’s other technologies include Nestlib and FX and

CollabView. Revenues from Geometry stood at approximately Rs. 20.87 crore in the

first half ended September 2001 with projects forming 75% of the revenues. The

information management and the collaborative engineering units were formed in

October last year and have grown rapidly.

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Financials
(All

figures in Rs crore)
2000 2001 2002* 2003*
Sales 31.90 44.87 60.63 76.04
Other Income 1.46 2.05 2.53 2.70
Operating Profits 8.96 9.72 12.76 16.34
OPM (%) 28.08 21.66 21.04 21.49
Net Profit 8.06 8.13 10.45 12.89
Equity 5.20 5.20 5.20 5.20
EPS (Rs.) 15.50 15.63 20.10 24.79
*Projected,

Face Value = Rs. 5

Year ended March 31

#After one

time write off of Rs. 5.20 crore of investment in Varstreet.com

Geometric added 26 clients in the first half of the current

fiscal and it achieves about 76% of the total revenues from the top 10 clients.

Sushanto Mitra

is the founder of Technology Capital Partners

The views reflected here are of the author and not of this

publication. No liability is accepted for losses based on the information

presented here

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