AGS Transact Technologies is an Indian company that works in the sector of integrated omnichannel payment solutions. It provides digital and cash-based solutions to banks and corporate clients. Its services comprise ATM and CRM outsourcing, cash management, and digital payment solutions. It is a well-known company in India and some other countries. But what is the trend of its share price?
AGS Transact Technologies – Company profile
AGS Transact Technologies Limited started to provide banking automation solutions in 2004. Later, it expanded its activity to ATM outsourcing in 2009, transaction switching services in 2011, and cash management services in 2012.
Over time, it grew to become a prominent player in the payment solutions market, offering a wide range of products and services to help businesses simplify their payment processes and enhance customer experiences. It has also entered into an alliance with ACI Worldwide, a leading international payments solution provider.
Now, this company is one of the major providers of end-to-end cash and digital payment solutions for the banking, retail, and hospitality sectors in India. The company’s solutions include Automated Teller Machines (ATMs), Point of Sale (POS) terminals, cash recyclers, digital payment solutions, and managed services.
What are the trends of AGS Transact Technologies’ share price?
The share price of AGS Transact Technologies has been going down recently. As of March 16, it has fallen by 48,39% over the last 12 months, and by 16,03% on a year-to-date basis.
Other metrics don’t allow optimistic predictions also. The companies’ ROE (Return on Equity) was -15,26% for 2022. Its net profit has been subdued in the last 3 years by -403.26%. And sales have been shrinking in the last 4 quarters by 15.41%.
The company reported revenue of 18.0B INR for FY 2022, which is nearly unchanged compared to the previous FY 2021 (an increase of only 0.01%). Net income fell 250.51% to -824.7M INR.
AGS Transact Technologies is also slowing the pace of investments, most likely to minimize the impact and magnitude of the negative net income. The value of company shares decreased by 48.39% over the previous 12 months (as of March 16, 2023), and dipped by 16.03% on a year-to-date basis.
On the other hand, banks in India plan to significantly expand their network of ATMs and CRMs (cash recycling machines). Approximately 17,000 new banking machines are planned to be installed in this country in 2023, and demand is expected to grow. This is a positive trend for AGS Transact Technologies, too.
Another significant achievement is the fact that the company won an order for more than 8,000 ATMs and CRMs in February 2023, which will certainly improve its revenue stream and other financial indicators.
These data indicate that the prospects of AGS Transact Technologies’ share price aren’t good. Its share price is likely to fall further. Limited investments could also reduce the company’s ability for fast recovery in the near term. The company however is expected to increase its revenue in 2023. But it remains to see if this will it be enough to change the mood of investors.
Written by Giedrius Pakalka and Alius Noreika
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