MPS - AJE Acquisition Deepens Content Capabilities, B2C Access: Dolat Capital

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.MPS Ltd. announced acquisition of 100% stake in Research Square AJE LLC for a cash consideration of $8.4 million (Rs 700 million) for an implied price/sales of 0.3 times. Acquisition is aimed at complementing MPS in: - Scaling up AI capabilities, Entry into B2C marketplace, Expansion into China, Value chain advancement and Premier Customer partnership. The transaction is valued at ~0.3 times P/S on CY23 revenue of ~$30 million, which is very attractive as management is confident and have decent visibility on its roadmap to take current early teens Ebitda margins to reach 25-30% levels on FY25 exit basis. This acquisition reflects the right alignment of MPS’s FY28 vision (to achieve Rs 1.5 billion revenue). Transaction will lead to an uptick in growth prospects, thus driving up our growth confidence and target price to Rs 2120 valued at 20 times of FY26E earnings per share (implies just one time on price/earnings-to-growth basis)..Click on the attachment to read the full report:.Ambuja Cements - In The Catbird Seat: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

MPS - AJE Acquisition Deepens Content Capabilities, B2C Access: Dolat Capital

MPS acquired AJE to gain AI editing tech, enter new markets and become the sole end-to-end academic publishing service provider

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MPS - AJE Acquisition Deepens Content Capabilities, B2C Access: Dolat Capital

MPS acquired AJE to gain AI editing tech, enter new markets and become the sole end-to-end academic publishing service provider

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