Is BITS a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that BITS Ltd is a below average quality company .

Is BITS undervalued or overvalued?

The key valuation ratios of BITS Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is BITS share price return in the past 10 years?

BITS Ltd share price has appreciated 47.3% annually (CAGR) over the past ten years.

Is BITS a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of BITS Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

BITS Ltd - Stock Valuation and Financial Performance

Name: BITS
Brand: BITS

BSE: 526709 | NSE: | IT - Education | Small Cap

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BITS Share Price

₹10.56 0.20 1.93%
as on 06-Sep'24 16:01

10 Year X-Ray of BITS:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-8.4%	-0.4%	-37.4%	-27%	-8.3%	0.3%	0%	-0.3%	1.3%	0.1%	-
Value Creation Index ⓘ	-1.6	-1.0	-3.7	-2.9	-1.6	-1.0	NA	-1.0	-0.9	-1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0.2	0.2	0.2	3.6	0.6	0.7	0.7	0.6	0.7	0.8	1
Sales YoY Gr.	-	43.8%	4.4%	1,400%	-82.8%	16.1%	1.4%	-24.7%	34.6%	8.1%	-
Adj EPS ⓘ	-0.1	0	-1	-0.6	-0.1	0	0	-0	0	0	0
YoY Gr.	-	NA	-5250%	NA	NA	NA	NA	NA	NA	-100%	-
BVPS (₹) ⓘ	3.2	3.3	2.2	1.7	1.6	1.6	1.6	1.6	1.6	1.6	1.6
Adj Net Profit ⓘ	-1.1	0.2	-11.5	-6.2	-1	0.1	0	-0.1	0.1	-0.1	0
Cash Flow from Ops. ⓘ	-2.1	-0.1	0.5	-0.1	-8.6	0	0	0	-0.2	0.2	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	19.6%	5.2%	3.1%	8.1%
Adj EPS ⓘ	NA	NA	NA	-100%
BVPSⓘ	-7.7%	0.3%	0.2%	0%
Share Price	47.3%	121.1%	275.2%	2540%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-2.8	0.5	-37.5	-28.4	-5.6	0.3	0	-0.4	0.4	-0.3	0.6
Op. Profit Mgn % ⓘ	-321.1	-388.9	-5077.1	-193.7	-118.3	15.4	6.9	0.5	7.4	-11.4	6.8
Net Profit Mgn % ⓘ	-688.4	75.4	-4741.8	-172.6	-164	6.3	0.1	-12	9.2	-6.9	12
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	89,947	65,634	46,207	1,795	8,467	7,196	7,090	9,503	6,995	6,423	48
Cash Conv. Cycle ⓘ	67,521	46,236	29,054	665	901	0	0	0	6	11	-72

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.60%

Sales growth is good in last 4 quarters at 14.72%

Sales growth has been subdued in last 3 years 3.10%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - BITS Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0	0.2
TTM Sales (₹ Cr.)	0.9	0.9
BVPS (₹.) ⓘ	1.6	1.6
Reserves (₹ Cr.) ⓘ	-5	-5
P/BV ⓘ	6.65	6.66
PE ⓘ	888.27	48.86

From the Market
52 Week Low / High (₹)	0.39 / 10.56
All Time Low / High (₹)	0.04 / 17.25
Market Cap (₹ Cr.)	118
Equity (₹ Cr.)	22.4
Face Value (₹)	2
Industry PE ⓘ	59

Management X-Ray of BITS:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of BITS

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of BITS

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	0	0	0	4	1	1	1	1	1	1
Operating Expenses ⓘ	4	1	13	11	2	1	1	1	1	1
Manufacturing Costs	0	0	0	0	0	0	0	0	0	0
Material Costs	0	0	0	4	0	0	0	0	0	0
Employee Cost	0	0	0	0	0	0	0	0	0	0
Other Costs ⓘ	3	1	12	7	2	0	1	0	1	1
Operating Profit ⓘ	-4	-1	-12	-7	-1	0	0	0	0	0
Operating Profit Margin (%)	-2,289.1%	-388.0%	-5,077.0%	-193.0%	-242.0%	15.4%	6.9%	0.5%	7.4%	-26.9%
Other Income ⓘ	0	1	1	1	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	0	0	0	0	0	0	0	0	0	0
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-3	0	-11	-6	-1	0	0	0	0	0
Tax ⓘ	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-3	0	-11	-6	-2	0	0	0	0	0
PAT Margin (%)	-2,066.0%	75.4%	-4,741.8%	-165.0%	-245.0%	6.3%	0.1%	-12.0%	30.7%	1.2%
Adjusted EPS (₹)	-0.3	0.0	-1.0	-0.5	-0.1	0.0	0.0	0.0	0.0	0.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	36	36	25	19	17	17	17	17	18	18
Share Capital ⓘ	22	22	22	22	22	22	22	22	22	22
Reserves ⓘ	14	14	2	-3	-5	-5	-5	-5	-5	-5
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	0	0	0	0	0	0	0	0	0	0
Others Liabilities ⓘ	18	16	9	9	1	1	1	1	1	1
Total Liabilities ⓘ	54	53	34	28	18	18	18	18	18	18
Fixed Assets
Gross Block	12	4	4	4	7	7	7	7	7	7
Accumulated Depreciation	10	4	4	4	5	5	5	5	5	5
Net Fixed Assetsⓘ	2	0	0	0	2	2	2	2	2	2
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	11	13	13	13	2	2	2	2	2	2
Inventories	4	4	4	0	0	0	0	0	0	0
Trade Receivables	25	25	7	3	0	0	0	0	0	0
Cash Equivalents	0	0	0	0	0	0	0	0	0	0
Others Assetsⓘ	12	12	11	11	14	14	14	14	14	14
Total Assets ⓘ	54	53	34	28	18	18	18	18	18	18

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'22
Cash Flow From Operating Activity ⓘ	-2	0	1	0	-9	0	0	0
PBT ⓘ	-3	0	-11	-6	-1	0	0	0
Adjustment ⓘ	3	0	0	0	1	0	0	0
Changes in Working Capital ⓘ	-2	-0	12	6	-8	-0	-0	-0
Tax Paid ⓘ	0	0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	8	0	0	0	8	0	0	0
Capex	0	0	0	0	0	0	0	0
Net Investments	8	0	0	0	9	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	-6	0	0	0	0	0	0	0
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0
Others ⓘ	-6	0	0	0	0	0	0	0
Net Cash Flow ⓘ	0	0	0	0	0	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-8.48	0.47	-37.48	-27.34	-8.35	0.26	0	-0.38	1.3	0.05
ROCE (%)	-8.43	-0.37	-37.35	-27.02	-8.25	0.32	0	-0.29	1.31	0.12
Asset Turnover Ratio	0	0	0.01	0.12	0.03	0.04	0.04	0.03	0.04	0.04
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	0	0	0	488	0	0	0	0	12	11
Inventory Days	9,411	6,204	5,455	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

BITS Ltd Stock News

BITS Ltd FAQs

What is the share price of BITS?

Company share prices are keep on changing according to the market conditions. The closing price of BITS on 06-Sep-2024 16:01 is ₹10.56.

What is the market cap of BITS?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Sep-2024 16:01 the market cap of BITS stood at ₹118.1.

What is the P/E ratio of BITS?

The latest P/E ratio of BITS as of 06-Sep-2024 16:01 is 888.3.

What is the P/B ratio of BITS?

The latest P/B ratio of BITS as of 06-Sep-2024 16:01 is 6.65.

What is the 52-week high and low of BITS?

The 52-week high of BITS is ₹10.56 and the 52-week low is ₹0.39.

What is the TTM revenue of BITS?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BITS is ₹0.93 ( Cr.) .

About BITS Ltd

Bits Limited was founded in 1986 and is a New York-based small business with over 22 years of technical experience in over 16 countries. BITS Limited is the manufacturer & inventor of the Smart Strip which is the only energy saving Surge protector.

BITS Limited is also an affiliate & distributor for EASI Energy efficiency products. EASI is the leader in power factor correction equipment.

The product portfolio of the company includes

Power strips: Power strips, Large Energy Saving Smart Strips,Small Energy Saving Smart Strips, USB Controlled Energy Saving Smart Strips, Large 3rd Generation Energy Saving Smart Strips,Small 3rd Generation Energy Saving Smart Strips, Manhattan Surge Max Surge Protector, Smart Strip Power Strip (Brownout Protector With Voltage Sensing Technology), Time Delayed Smart Strip Power Strips and Dual Voltage Surge Protector

Energy savers:

Blue Spiral CFL Light Bulb,Greener Spiral CFL Light Bulb,Red Spiral CFL Light Bulb,Kill-A-Watt EZ,Excalibur Electronics Inc. Forever Flashlight, Inova X1, Inova X1,Indoor Wireless Remote Outlets,Indoor Wireless Remote Outlets,LED Holiday Lighting,Sensor Plug and Leviton plug-in switch.

The company also manufactures various kinds of Cords/Cables and Travelers.

The company has been incorporated with the object of imparting Computer Education and has been presently imparting Computer Education under the banner of Bureau 0f Information Technology Studies (Bits).

BITS was originally promoted by Pradeep Khanna and was run as division of M/s. Jukaso Silk Mills, a partnership concern of Pradeep Khanna.

Milestones achieved

1995 - The Company has introduced courses in Computer Hardware and the response has been excellent.
1999 - The Company entered into strategic alliance partnership to pool the resources with .SRG Infotec (I) Ltd.
2005 - Bits Ltd forms a subsidiary with the name of 'BITS eServe Ltd' with the authorized capital of Rs 50 million for the purpose of starting BPO operations in India.

The company works in six different divisions viz; career training, corporate training, hardware maintenance training, software exports, multimedia training and placement services.

The career training division is associated with various associations like the Institute for Certifying Computer Professionals, US and American Council on Education, the Manufacturer`s Association for Information Technology Computer Traning Division and the Institute of Marketing and Management, India.