BSE: 532342 | NSE: | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Commex Technology Ltd is a below average quality company.
The key valuation ratios of Commex Technology Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Commex Technology Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3% | 5.8% | 9.2% | 2.1% | 0% | -0.2% | -76% | -212.5% | 0% | 0% | - |
| Value Creation Index ⓘ | -0.8 | -0.6 | -0.4 | -0.9 | -1.0 | -1.0 | -6.4 | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 9.5 | 14.1 | 23.7 | 24.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | 48.4% | 67.6% | 2.5% | -100% | NA | NA | NA | NA | NA | - |
| Adj EPS ⓘ | 0.4 | 0.4 | 0.7 | 0.1 | 0 | -0.1 | -2.7 | -2.5 | -0 | -0 | -0 |
| YoY Gr. | - | 2.6% | 66.7% | -89.2% | -100% | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 6.9 | 7.2 | 7.7 | 8.2 | 8.4 | 7.6 | 3.4 | -0.3 | -0.6 | -0.6 | -0.5 |
| Adj Net Profit ⓘ | 5.9 | 6.1 | 10.1 | 1.1 | 0 | -2.2 | -45.4 | -42 | -0.4 | -0.4 | 0 |
| Cash Flow from Ops. ⓘ | -4.3 | 21.3 | 5.3 | -11.9 | 0.2 | -0.2 | -1.9 | 0 | 0 | 0 | - |
| Debt/CF from Ops. ⓘ | -1.5 | 0.2 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -100% | NA | NA | NA | ||||
| Adj EPS ⓘ | -175.4% | NA | NA | NA | ||||
| BVPSⓘ | -176.6% | -159.6% | -157.1% | NA | ||||
| Share Price | -17.8% | 5.6% | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.5 | 5.5 | 8.8 | 0.9 | 0 | -1.7 | -49.1 | -158.3 | 8.3 | 8.9 | 3.5 |
| Op. Profit Mgn % ⓘ | 66 | 61.1 | 59.1 | 18.4 | 0 | 0 | 0 | 0 | 0 | 0 | NAN |
| Net Profit Mgn % ⓘ | 62 | 42.9 | 42.5 | 4.6 | 0 | 0 | 0 | 0 | 0 | 0 | -INF |
| Debt to Equity ⓘ | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 1,389 | 780 | 580 | 821 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | 158 | 176 | 16 | -33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Equity has increased versus last 3 years average to 3.50%
Sales growth has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0 | -0 |
| TTM Sales (₹ Cr.) | 0 | 0 |
| BVPS (₹.) ⓘ | -0.5 | -0.3 |
| Reserves (₹ Cr.) ⓘ | -39 | -36 |
| P/BV ⓘ | -0.48 | -0.78 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.25 / 0.25 |
| All Time Low / High (₹) | 0.15 / 57.25 |
| Market Cap (₹ Cr.) | 3.9 |
| Equity (₹ Cr.) | 31 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 36 |
| Pledged * | 50.46 | 50.46 | 50.46 | 50.46 | 50.46 | 50.46 | 50.46 | 50.46 | 50.46 | 50.46 |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.53 | 14.14 | 23.70 | 24.29 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 7.68 | 5.50 | 9.69 | 28.61 | 2.06 | 1.09 | 5.36 | 0.50 | 0.36 | 0.43 |
| Manufacturing Costs | 0.19 | 0.03 | 0.07 | 0.09 | 0.07 | 0.08 | 0.02 | 0.01 | 0 | 0 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 2.42 | 4.91 | 6.80 | 9.68 | 1.05 | 0.20 | 0.29 | 0.08 | 0.05 | 0.07 |
| Other Costs ⓘ | 5.07 | 0.56 | 2.82 | 18.84 | 0.95 | 0.81 | 5.05 | 0.41 | 0.31 | 0.36 |
| Operating Profit ⓘ | 1.85 | 8.65 | 14.01 | -4.32 | -2.06 | -1.09 | -5.36 | -0.50 | -0.36 | -0.43 |
| Operating Profit Margin (%) | 19.5% | 61.1% | 59.1% | -17.8% | - | - | - | - | - | - |
| Other Income ⓘ | 2.46 | 0.89 | 0.92 | 9.85 | 3.95 | 2.34 | 1.25 | 0.01 | 0 | 0 |
| Interest ⓘ | 0 | 0.22 | 0.67 | 0.02 | 0 | 0.02 | 0.01 | 0 | 0 | 0 |
| Depreciation ⓘ | 0.94 | 2.84 | 4.18 | 2.92 | 1.84 | 0.84 | 0.46 | 0.21 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -0.60 | -65.75 | -55.71 | 0 | 0 |
| Profit Before Tax ⓘ | 3.37 | 6.46 | 10.07 | 2.59 | 0.04 | -0.21 | -70.33 | -56.41 | -0.36 | -0.43 |
| Tax ⓘ | 0.57 | 0.40 | 0 | 0.98 | 0.03 | 2.02 | 0 | 5.14 | 0 | 0 |
| Profit After Tax | 2.80 | 6.06 | 10.07 | 1.61 | 0.01 | -2.23 | -70.33 | -61.55 | -0.36 | -0.43 |
| PAT Margin (%) | 29.4% | 42.9% | 42.5% | 6.6% | - | - | - | - | - | - |
| Adjusted EPS (₹) | 0.2 | 0.4 | 0.7 | 0.1 | 0.0 | -0.1 | -4.2 | -3.6 | 0.0 | 0.0 |
| Dividend Payout Ratio (%) | 55% | 31% | 22% | 135% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 107.53 | 111.39 | 118.94 | 127.33 | 129.88 | 127.65 | 57.32 | -4.23 | -4.60 | -5.03 |
| Share Capital ⓘ | 31.02 | 31.02 | 31.02 | 31.02 | 31.02 | 33.81 | 33.81 | 33.81 | 33.81 | 33.81 |
| Reserves ⓘ | 76.51 | 80.37 | 87.92 | 96.30 | 98.86 | 93.84 | 23.51 | -38.04 | -38.41 | -38.83 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 6.53 | 4.44 | 0.10 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 4.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 6.53 | 0 | 0.10 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0.65 | 0 | 6.13 | 6.17 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 |
| Others Liabilities ⓘ | 4.55 | 3.86 | 17.04 | 6.82 | 9.56 | 3.72 | 2.62 | 8.09 | 8.04 | 8.07 |
| Total Liabilities ⓘ | 119.26 | 119.69 | 142.21 | 140.31 | 139.46 | 131.39 | 59.95 | 3.87 | 3.46 | 3.05 |
Fixed Assets | ||||||||||
| Gross Block | 61.98 | 61.99 | 62.03 | 53.95 | 53.95 | 49.05 | 18.99 | 0 | 0 | 0 |
| Accumulated Depreciation | 42.02 | 44.87 | 49.05 | 48.16 | 50 | 46.54 | 18.30 | 0 | 0 | 0 |
| Net Fixed Assetsⓘ | 19.96 | 17.12 | 12.98 | 5.79 | 3.95 | 2.52 | 0.69 | 0 | 0 | 0 |
| CWIP ⓘ | 4.18 | 17.31 | 17.31 | 17.31 | 17.31 | 17.31 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 57.87 | 58.68 | 59.68 | 59.68 | 59.68 | 59.68 | 27.92 | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 7.82 | 6.96 | 8.13 | 10.78 | 12.72 | 9.14 | 5.59 | 3.23 | 2.82 | 2.39 |
| Cash Equivalents | 0.23 | 3.18 | 0.37 | 0.09 | 0.41 | 0.17 | 0.19 | 0.16 | 0.16 | 0.19 |
| Others Assetsⓘ | 29.20 | 16.43 | 43.73 | 46.66 | 45.39 | 42.58 | 25.56 | 0.48 | 0.48 | 0.48 |
| Total Assets ⓘ | 119.26 | 119.69 | 142.21 | 140.31 | 139.46 | 131.39 | 59.95 | 3.87 | 3.46 | 3.05 |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -4.26 | 21.27 | 5.32 | -11.93 | 0.19 | -0.21 | -1.85 | -0.03 | 0 | 0.03 |
| PBT ⓘ | 3.37 | 6.46 | 10.07 | 2.59 | 0.04 | -0.21 | -70.33 | -56.41 | -0.36 | -0.43 |
| Adjustment ⓘ | 0.94 | 2.91 | 4.38 | 2.22 | 4.36 | -0.53 | 49.02 | 28.61 | 0 | 0 |
| Changes in Working Capital ⓘ | -8.57 | 12.29 | -9.14 | -16.64 | -4.22 | 0.52 | 19.46 | 27.68 | 0.36 | 0.46 |
| Tax Paid ⓘ | 0 | -0.40 | 0 | -0.10 | 0 | 0 | 0 | 0.09 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 3.64 | -13.84 | -0.78 | 14.30 | 0.01 | 0 | 1.88 | 0.01 | 0 | 0 |
| Capex | -3.82 | -13.14 | -0.04 | 13.77 | 0 | 0 | -0.02 | 0 | 0 | 0 |
| Net Investments | 7.45 | -0.81 | -1 | 0.52 | 0 | 0 | 1.90 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0.11 | 0.25 | 0 | 0.02 | 0 | 0 | 0.01 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0.45 | -4.47 | -7.32 | -2.64 | 0.01 | -0.03 | -0.01 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 4.44 | -4.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | -0.22 | -0.45 | 0 | 0 | -0.02 | -0.01 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -1.55 | -1.86 | -2.17 | -2.17 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | -6.83 | -0.25 | -0.47 | 0.01 | -0.01 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.17 | 2.95 | -2.79 | -0.28 | 0.21 | -0.24 | 0.02 | -0.03 | 0 | 0.03 |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.62 | 5.54 | 8.75 | 1.3 | 0.01 | -1.73 | -76.05 | N/A | N/A | N/A |
| ROCE (%) | 3 | 5.82 | 9.15 | 2.12 | 0.03 | -0.15 | -76.03 | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.08 | 0.12 | 0.18 | 0.17 | 0 | 0 | 0 | 0 | 0 | 0 |
| PAT to CFO Conversion(x) | -1.52 | 3.51 | 0.53 | -7.41 | 19 | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 230 | 191 | 116 | 142 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
The company was initially incorporated on January 24, 2000 under the name 'Global e-Com (India) Private Limited' under The Companies Act 1956. The Company was converted into a public Limited Company with effect from February 8, 2000 and the name of the Company was changed to Global e-Com (India) Limited. Thereafter on April 11, 2000 name of the Company was again changed to 'Balwas e-Com India Limited'. Finally in November 2004 name of the Company was again changed to its present name 'IT People (India) Limited'
IT People is a Company promoting Software Products and Solutions to Capital and Commodities Markets and IT consulting services and solutions to companies worldwide.
Software Products include Products, Solutions and Services division for the Financial and Capital Markets addressing Stock and Commodities Exchanges, Intermediary Brokerage Houses, Merchant Banking operations and Financial Services in India and overseas.
The IT Consulting Services division focuses on key technologies and promoted the Extended Offsite Delivery Center model. The division also provides services of facilities Management and Managed services.
In 2007the company acquired 100% stake in Marketplace Technologies Pvt. Ltd, formerly known as ENC Software Solutions Pvt. Ltd., a closely held company, and the eventual amalgamation of it in to IT People.
IT People (India) Ltd has entered in to strategic ‘Business Buyout’ agreement with Cyberwerx in India, in 2008. The alliance has resulted in the transfer of ownership and performance of existing business contracts and related assets including employees to IT People. The deal is expected to enhance IT People’s IT Consulting business and give a direct access to some of the top telecom clients and therefore strengthen the company’s initiative to expand its presence in telecom vertical, testing, security, technical writing and networking. Some of the Cyberwerx leading multinational clients are Nokia-Siemens, Airvana, CISCO, etc.
Services offered by the company:
IT Consulting - IT People adopts an analytical and systematic approach to technology resource consulting through a delivery design that creates real business value to its clients. Our consulting services are centered on helping firms in understanding the vital link between business processes, technologies and resource requirements.
Extended Delivery Center- Achieve best-in-class industry specific process optimization, innovations, and significant savings through a robust delivery model tailor-made to suite your business needs, without changing the underlying process or applications.-Banking and Finance -Telecom -Network Management
Clientele
Achievements/ recognition:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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