PRITHVI EXCHANGE INDIA LTD (531688) - STOCK OF THE WEEK

Today I am expressing view on one interesting stock from IT related Finance stock.

PRITHVI EXCHANGE INDIA LTD (531688)

Prithvi Exchange (India) Ltd is a listed public Ltd company licensed by Reserve Bank of India as an Authorized Dealer category II.

Prithvi Exchange is operating with its corporate office established in Chennai with a network of 8 branches in Chennai, one branch in Tourist Town – Mahabalipuram, three branches in Hyderabad, two in Bengaluru, and one each in Ahmedabad and Mumbai. Plans are afloat to expand its network in Kochi, Pune and Sri Lanka Shortly.

The Customer base of Prithvi Exchange includes a cream of corporate from IT industry, manufacturing units, service industry and of course individuals who travel abroad frequently on business and for holiday. In addition to it Prithvi Exchange has strong business relationship with various Banks and Travel agencies.

Prithvi Exchange deals in various foreign exchange products like buying and selling of all major Foreign currencies/ Travel currency card/Traveller cheques, TT Swift remittances to abroad, Foreign currency drafts, Foreign Remittances under maintenance etc.

Customer is always the king at  Forex desk. Prithvi Exchange provides free door step service generally to all their customers for their foreign exchange requirements.

PRODUCTS OF PRITHVI EXCHANGE

1. FOREIGN EXCHANGE

CURRENCIES :

Buying & Selling of Major foreign currency notes & coins.

TRAVELLERS CHEQUES :

Business partners of American Express Travelers cheques.

Travelers cheques of major Currencies available across the counters of Prithvi Exchange.

TRAVEL CURRENCY CARDS :

Business partners of ICICI, AXIS & HDFC CARDS.

Safe & Secure

Encash the balance amount on  return.

Available in 18 Currencies – US Dollar, Great Britain Pound, Euro, Canadian Dollar, Australian Dollar, Swedish Kroner, Swiss Franc, Singapore Dollar, Japanese Yen , UAE Dhiram, Hong Kong Dollar, Thai Bhat, New Zealand Dollar, Danish Kroner, Saudi Riyal, South African Rand & Omani Riyal

CO- BRANDED CARDS :

PRITHVI EXCHANGE & AXIS BANK MULTI CURRENCY CARDS :

A card that offers convenient, hassle-free payments to make foreign travel a memorable experience

Pay in 18 Currencies

Use single card Across the Globe

Get help with Trip Assist @ 24/7

A global emergency assistance service

Fast and Convenient

Make everyday purchases while abroad

FOREIGN CURRENCY DEMAND DRAFTS :

Want a hassle free time during admission in your college abroad ?

Now, avail the foreign currency demand drafts for your various needs such as Payment of university fees, Tuition fees, Payment for medical courses, Hotel fees & Application fees.

Demand Drafts available across the counter of Prithvi Exchange.

TT / SWIFT TRANSFER :

Foreign currency can be transferred via swift transfer / telegraphic transfer in all major currencies

BENEFICIARY RECEIVE FUNDS ON THE SAME WORKING DAY

2. MONEY TRANSFER

Money transfered made easy by Prithvi exchange by following services.

Now, receive money from your friends and family across the world at prithvi through the most reliable, transparent and safe & secure way through our partners – Western union, Money gram & xpress money !

3 . TRAVEL INSURANCE

Travel insurance is another products of Prithvi. It has a tie up with TATA AIG for this services.

Benifits

FEATURES OF TATA AIG TRAVEL INSURANCE

For individuals, Corporates, Family, Student & Senior Citizens

100% reliability

In-house Travel & Emergency Assistance service AIG-Assist in North & South America ; ISOS for rest of the world.

Presence in over 130 countries (through AIG).

Global Protection policy valid 24 hours a day, 365 days a year

Flexible – 3 Different Plans based on customers requirements.

Need no medical certification, whatever your age.

AIG Assist / ISOS: Emergency Assistance, Medical Evacuation, Repatriation across the GLOBE.

4. SPECIALIZED SERVICES

PRITHVI’S USP IS THE WIDE RANGE OF THE PRODUCTS AND SERVICES OFFERED  WHICH SATISFIES EVERY TRAVELER GOING ABROAD ON LEISURE , BUSINESS VISIT,  MEDICAL PURPOSE AND NRI’S VISITING INDIA

As the name suggests, this is special service from Prithvi, it mainly include Travel Forex on Tours and travels,student Forex,Corporate Forex services, Cash against cards etc.

5. REMITTANCE ABROAD

ANYWHERE FROM INDIA TO ANYWHERE IN THE WORLD ! Prithvi offers a host of Outward Remittance facilities to enable you to remit money abroad in a quick and secure way. Our extensive network gives you a reach to most parts of the world. Now you can send money abroad for multiple reasons like education, medical purpose, family maintenance, emigration and visa fees etc.

Prithvi offers Outward Remittance through Wire Transfer, a highly secure and efficient means to remit money abroad. We have arrangements with over 200 major banks across the globe for Wire Transfers through the SWIFT mode, which ensures secure and safe remittance to any place of your choice.

Prithvi offers Wire Transfers in 16 currencies – United States Dollar (USD), Great Britain Pound (GBP), EURO (EUR), Australian Dollar (AUD), Canadian Dollar (CAD), Hong Kong Dollar (HKD), Swiss Franc (CHF), Singapore Dollar (SGD), Saudi Riyal (SAR), UAE Dirham (AED), Japanese Yen (JPY), Swedish Kroner (SEK), New Zealand Dollar (NZD), Danish Kroner (DKK ), Thai Baht (THB) & South African Rand (ZAR)

Advantages of dealing with your favourite PRITHVI EXCHANGE:

Get competitive exchange rates

Avoid dual conversion charges

Enjoy faster & hassle- free remittances

Company Website :Clickhere

Company shares are trading in BSE. Promoter holding in company 71.95 %.

Company posted 2.59 Cr top line in Dec qtr.

Operating Margin 49.77 % 

Net profit is 0.79 Cr in the Dec qtr.

Book Value Rs 40.79

Stock is trading low PE 10.28 as compared to industry PE

Stock is trading at Rs 40.

Stock is trading below its Book value. As the Travel & Forex is next booming sector. Moreover company has tie ups with most of the major corporate for their Forex & travel solutions.

Company is dealing with Travel insurance & Cash against card facility for foreign travelers. Company enjoying operating margins more than 40% suggests the prominence of the company. This stock will turnout to be multibagger in future.

NOTE : THE ABOVE IS NOT A RESEARCH REPORT NOR A RECOMMENDATION  BUT INFORMATION AS AVAILABLE ON PUBLIC DOMAIN. 

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”