MPS Limited Buyback

MPS Limited provides platforms and services for content creation, full-service production, and distribution to the world’s leading publishers, learning companies, corporate institutions, libraries, and content aggregators. The Company offers a diverse geographic spread with production facilities in Chennai, Noida, Dehradun, Gurugram and Bengaluru. The Company also operates with editorial and marketing offices in United States. The Company’s Equity Shares are listed on NSE and BSE since January 21, 2002 and December 10, 2001, respectively.The Equity Shares are currently traded in compulsory dematerialized mode under the trading code(s) MPS LTD at NSE and 532440 at BSE. The ISIN of the Equity Shares is INE943D01017. The Company was also listed on the Madras Stock Exchange since March 8, 1972 and got voluntarily delisted with effect from December 9, 2014. . During fiscal year 2021, the Company achieved consolidated total income of INR 432.42 crores and profit after tax was INR 58.56 crores. The consolidated total income has grown at a 3 (three) year CAGR of 3.70% and the profit after tax has declined at a 3 (three) year CAGR of 8.34%. For further details on financial information about the Company for the fiscal years 2019, 2020 and 2021. The financials of the company is good all these years, RoCE is 24% and at CMP its looks fairly priced. Price difference is around 34% and expected acceptance ratio won't be more than 20%. So we give NEUTRAL rating to this buyback and who are holding this stock before announcement of buyback, may participate in buyback depending on market price.

• 1 Mr. Rajesh Pirogiwal
• 2 Mrs. Sunita Pirogiwal
• 3 Miss Tanvi Pirogiwal