BSE: 0 | NSE: SAHANA | IT - Software | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Sahana System Ltd is a average quality company.
The key valuation ratios of Sahana System 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 Strong which suggest that the price of Sahana System Ltd is likely to Rise 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.2% | 11.5% | 31.4% | 76.1% | 46.7% | - |
| Value Creation Index ⓘ | -0.3 | -0.2 | 1.2 | 4.4 | 2.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 6.3 | 3.3 | 12.2 | 24.1 | 53.7 | 54 |
| Sales YoY Gr. | - | -47.3% | 267.7% | 98.4% | 122.3% | - |
| Adj EPS ⓘ | 0.4 | 1 | 2.5 | 11.1 | 18.8 | 17 |
| YoY Gr. | - | 163.2% | 153% | 340.3% | 68.9% | - |
| BVPS (₹) ⓘ | 0.1 | 1.1 | 8.1 | 19 | 66.5 | 146.5 |
| Adj Net Profit ⓘ | 0.1 | 0.2 | 1.4 | 6.2 | 15 | 15 |
| Cash Flow from Ops. ⓘ | -4.6 | -0.1 | 0.3 | 0.9 | 25.4 | - |
| Debt/CF from Ops. ⓘ | -1.4 | -87 | 17.6 | 5.1 | 0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 153.1% | 122.3% | ||||
| Adj EPS ⓘ | NA | NA | 166% | 68.9% | ||||
| BVPSⓘ | NA | NA | 297.4% | 250.6% | ||||
| Share Price | - | - | - | 211.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 629 | 178.3 | 60.1 | 82.2 | 47.2 | 16 |
| Op. Profit Mgn % ⓘ | 12.3 | 25.4 | 22.8 | 40.1 | 35.3 | NAN |
| Net Profit Mgn % ⓘ | 1 | 5 | 11.6 | 25.7 | 28 | 28 |
| Debt to Equity ⓘ | 659.9 | 41.5 | 1.1 | 0.5 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 813 | 316 | 280 | 196 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 661 | 248 | 178 | 31 | 0 |
Sales growth is growing at healthy rate in last 3 years 153.11%
Net Profit is growing at healthy rate in last 3 years 165.95%
Debt to equity has declined versus last 3 years average to 0.24
Return on Equity has declined versus last 3 years average to 16.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 17 | 20.6 |
| TTM Sales (₹ Cr.) | 53.7 | 69.1 |
| BVPS (₹.) ⓘ | 146.5 | 150.1 |
| Reserves (₹ Cr.) ⓘ | 121 | 124 |
| P/BV ⓘ | 13.12 | 12.80 |
| PE ⓘ | 112.98 | 93.28 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 1,699 |
| Equity (₹ Cr.) | 8.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 36 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 6 | 3 | 12 | 24 | 54 |
| Operating Expenses ⓘ | 6 | 2 | 9 | 14 | 35 |
| Manufacturing Costs | 0 | 0 | 5 | 18 | 31 |
| Material Costs | 5 | 0 | 3 | -5 | 1 |
| Employee Cost | 1 | 2 | 1 | 1 | 2 |
| Other Costs ⓘ | 0 | 0 | 0 | 0 | 2 |
| Operating Profit ⓘ | 1 | 1 | 3 | 10 | 19 |
| Operating Profit Margin (%) | 12.3% | 25.4% | 22.8% | 40.1% | 35.2% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 2 | 9 | 19 |
| Tax ⓘ | 0 | 0 | 1 | 3 | 4 |
| Profit After Tax | 0 | 0 | 1 | 6 | 15 |
| PAT Margin (%) | 1.0% | 5.0% | 11.6% | 25.7% | 28.0% |
| Adjusted EPS (₹) | 0.4 | 1.0 | 2.5 | 11.1 | 18.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 0 | 5 | 11 | 53 | |||||
| Share Capital ⓘ | 0 | 0 | 3 | 6 | 8 | |||||
| Reserves ⓘ | 0 | 0 | 1 | 5 | 45 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 7 | 7 | 5 | 5 | 13 | |||||
| Long Term Debt | 7 | 0 | 0 | 0 | 0 | |||||
| Short Term Debt | 0 | 7 | 5 | 5 | 13 | |||||
| Trade Payables | 2 | 0 | 3 | 5 | 17 | |||||
| Others Liabilities ⓘ | 0 | 0 | 2 | 4 | 5 | |||||
| Total Liabilities ⓘ | 8 | 8 | 15 | 24 | 89 | |||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0 | 1 | 1 | |||||
| Accumulated Depreciation | 0 | 0 | 0 | 0 | 0 | |||||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| CWIP ⓘ | 1 | 1 | 1 | 1 | 14 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 15 | |||||
| Inventories | 7 | 7 | 8 | 13 | 13 | |||||
| Trade Receivables | 1 | 0 | 5 | 7 | 12 | |||||
| Cash Equivalents | 0 | 0 | 0 | 0 | 25 | |||||
| Others Assetsⓘ | 0 | 0 | 1 | 3 | 10 | |||||
| Total Assets ⓘ | 8 | 8 | 15 | 24 | 89 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -5 | 0 | 0 | 1 | 25 |
| PBT ⓘ | 0 | 0 | 2 | 9 | 19 |
| Adjustment ⓘ | 1 | 1 | 0 | 1 | 0 |
| Changes in Working Capital ⓘ | -5 | -1 | -2 | -6 | 11 |
| Tax Paid ⓘ | 0 | 0 | 0 | -3 | -5 |
| Cash Flow From Investing Activity ⓘ | 4 | 0 | 0 | 0 | -36 |
| Capex | 4 | 0 | 0 | 0 | -14 |
| Net Investments | 0 | 0 | 0 | 0 | -15 |
| Others ⓘ | 0 | 0 | 0 | 0 | -8 |
| Cash Flow From Financing Activityⓘ | 1 | 0 | 0 | -3 | 35 |
| Net Proceeds from Shares ⓘ | -1 | 0 | 3 | 0 | 28 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 8 |
| Interest Paid ⓘ | -1 | -1 | -1 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | 1 | -2 | -3 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | -2 | 25 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | 60.14 | 82.22 | 47.14 | |||||
| ROCE (%) | N/A | N/A | 31.4 | 76.09 | 46.72 | |||||
| Asset Turnover Ratio | 0.75 | 0.41 | 1.07 | 1.23 | 0.95 | |||||
| PAT to CFO Conversion(x) | N/A | N/A | 0 | 0.17 | 1.67 | Working Capital Days | ||||
| Receivable Days | 38 | 44 | 74 | 91 | 67 | |||||
| Inventory Days | 405 | 764 | 230 | 163 | 87 | |||||
| Payable Days | 127 | 1,851 | 185 | -310 | 6,184 | |||||
The company was originally formed as a partnership firm in the name and style of ‘M/s. Oceans Technologies’ through partnership deed dated March 1, 2013. The partnership firm commenced its business with effect from November 1, 2012. Promoter of the company Pratik Kakadia joined the partnership firm on June 7, 2014, as a partner. Its promoter, along with his mother Shardaben Kakadia, acquired 100% stake of the partnership firm. On April 30, 2019, the name of the partnership firm was changed from ‘M/s Oceans Technologies’ to ‘M/s Sahana System’ and other partners Hetal Patel, Trupesh Radadiya, Jigneshkumar Ambalia, Manish Vasaniya and Ramjibhai Kakadia were introduced in the partnership firm. The partnership firm was converted into Private Limited company under part I (Chapter XXI) of the Companies Act, 2013 in the name and style of Sahana System Private Limited vide Certificate of Incorporation dated February 20, 2020, was issued by the Registrar of Companies, Central Registration Center, Ministry of Corporate Affairs. Subsequently, the company was converted into Public Limited company pursuant through a special resolution passed by its shareholders at the extra ordinary general meeting held on March 31, 2022, and the name of the company was changed to ‘Sahana System Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated April 05, 2022.
It has been certified as CMMI Maturity Level - 3 in E-Commerce department by Equalitas Certifications Limited, a CMMI Institute Partner. The company is also recognized as a start up by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry. The recognition certificate is valid for 10 years from the date of incorporation of the company till up to February 19, 2030. The Company is registered under ‘IT Services’ Industry and ‘Product Development’ sector.
It is engaged in the business of offering IT related services including web app development, mobile application development, AI & ML development, ChatBot development, product prototyping, graphics designing, UI / UX design, SEO & ASO, digital marketing, website & application migration, cyber security and outsourcing of IT services. Some of the industries it caters to includes healthcare, surveillance, retail, education / e-learning, restaurants, banking, media & entertainment and fintech. It is also engaged in the trading of hardware instruments related to Franking Machines / Computers / LED / Laptops.
Business area of the company
The company is engaged in the business of offering IT related services including web app development, mobile application development, AI & ML development, ChatBot development, product prototyping, graphics designing, UI / UX design, SEO & ASO, digital marketing, website & application migration, cyber security and outsourcing of IT services.
Services and products of the company
History and milestones
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