BSE: 0 | NSE: TRIDHYA | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tridhya Tech Ltd is a below average quality company.
The key valuation ratios of Tridhya Tech Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tridhya Tech 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 43.6% | 31.6% | 34.2% | 13.9% | 4.7% | - |
| Value Creation Index ⓘ | 2.1 | 1.3 | 1.5 | 0.0 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 4.4 | 8.3 | 13.2 | 13.7 | 34.2 | 34 |
| Sales YoY Gr. | - | 90.1% | 59.9% | 3.8% | 149.6% | - |
| Adj EPS ⓘ | 0.1 | 0.7 | 1.1 | 1.5 | -0.2 | -0.2 |
| YoY Gr. | - | 600% | 61.4% | 28.3% | -113.8% | - |
| BVPS (₹) ⓘ | 0.1 | 0.8 | 5 | 11.6 | 19.7 | 19.7 |
| Adj Net Profit ⓘ | 0.2 | 0.9 | 3.3 | 2.5 | -0.5 | 0 |
| Cash Flow from Ops. ⓘ | 0.4 | 3.5 | 1.4 | -11.8 | -8.8 | - |
| Debt/CF from Ops. ⓘ | 1.7 | 2 | 5.1 | -2.5 | -2.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 60.6% | 149.6% | ||||
| Adj EPS ⓘ | NA | NA | -165.9% | -113.8% | ||||
| BVPSⓘ | NA | NA | 187.3% | 69.1% | ||||
| Share Price | - | - | - | 8.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 156.5 | 147.2 | 42.7 | 14.4 | -1.4 | -0.8 |
| Op. Profit Mgn % ⓘ | 10.3 | 17.7 | 41.1 | 34.9 | 6.4 | NAN |
| Net Profit Mgn % ⓘ | 5.6 | 10.4 | 25 | 18 | -1.4 | -1.1 |
| Debt to Equity ⓘ | 4.3 | 6.8 | 0.5 | 1.5 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 75 | 111 | 375 | 317 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -123 | -175 | 7 | 91 | 0 |
Sales growth is growing at healthy rate in last 3 years 60.57%
Debt to equity has declined versus last 3 years average to 0.55
Return on Equity is Poor
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.2 | -0.2 |
| TTM Sales (₹ Cr.) | 34.2 | 35.3 |
| BVPS (₹.) ⓘ | 19.7 | 20.1 |
| Reserves (₹ Cr.) ⓘ | 23 | 23 |
| P/BV ⓘ | 1.90 | 1.87 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 87.2 |
| Equity (₹ Cr.) | 23.3 |
| 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 | 4.35 | 8.27 | 13.22 | 13.72 | 34.24 |
| Operating Expenses ⓘ | 3.90 | 6.81 | 7.83 | 8.93 | 32.11 |
| Manufacturing Costs | 0 | 0.50 | 0.12 | 0.20 | 0.25 |
| Material Costs | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 3.18 | 2.97 | 4.02 | 5 | 21.59 |
| Other Costs ⓘ | 0.72 | 3.34 | 3.70 | 3.73 | 10.27 |
| Operating Profit ⓘ | 0.45 | 1.46 | 5.39 | 4.79 | 2.13 |
| Operating Profit Margin (%) | 10.2% | 17.7% | 40.8% | 34.9% | 6.2% |
| Other Income ⓘ | 0.02 | 0.07 | 0.32 | 1.45 | 2.43 |
| Interest ⓘ | 0.07 | 0.22 | 0.72 | 1.58 | 2.73 |
| Depreciation ⓘ | 0.10 | 0.16 | 0.69 | 1.35 | 1.74 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.29 | 1.15 | 4.30 | 3.31 | 0.09 |
| Tax ⓘ | 0.05 | 0.29 | 1.04 | 0.85 | 0.45 |
| Profit After Tax | 0.24 | 0.86 | 3.27 | 2.47 | -0.36 |
| PAT Margin (%) | 5.6% | 10.4% | 24.7% | 18.0% | -1.1% |
| Adjusted EPS (₹) | 0.1 | 0.7 | 1.1 | 1.5 | -0.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.15 | 1.01 | 14.43 | 19.79 | 45.84 | |||||
| Share Capital ⓘ | 0.01 | 0.01 | 1.46 | 17 | 23.29 | |||||
| Reserves ⓘ | 0.14 | 1 | 12.97 | 2.79 | 22.55 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 0.67 | 6.66 | 6.79 | 26.37 | 25.07 | |||||
| Long Term Debt | 0 | 4.79 | 5.06 | 25.36 | 22.55 | |||||
| Short Term Debt | 0.67 | 1.87 | 1.72 | 1.01 | 2.52 | |||||
| Trade Payables | 0.06 | 3.63 | 2.42 | 0.24 | 0.77 | |||||
| Others Liabilities ⓘ | 0.43 | 0.70 | 2.34 | 7.86 | 5.04 | |||||
| Total Liabilities ⓘ | 1.32 | 12 | 25.98 | 54.26 | 76.72 | |||||
Fixed Assets | ||||||||||
| Gross Block | 0.26 | 6.20 | 11.37 | 14.24 | 14.33 | |||||
| Accumulated Depreciation | 0.14 | 0.30 | 0.98 | 2.32 | 4.06 | |||||
| Net Fixed Assetsⓘ | 0.12 | 5.90 | 10.39 | 11.92 | 10.27 | |||||
| CWIP ⓘ | 0 | 1.86 | 0 | 2.50 | 7.71 | |||||
| Investmentsⓘ | 0 | 0 | 9.86 | 17.28 | 20.38 | |||||
| Inventories | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Receivables | 0.64 | 1.50 | 1.14 | 4.56 | 13.86 | |||||
| Cash Equivalents | 0.15 | 1.89 | 0.04 | 0.03 | 1.32 | |||||
| Others Assetsⓘ | 0.41 | 0.84 | 4.54 | 17.98 | 23.18 | |||||
| Total Assets ⓘ | 1.32 | 12 | 25.98 | 54.26 | 76.72 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.39 | 3.51 | 1.37 | -11.79 | -8.83 |
| PBT ⓘ | 0.29 | 1.15 | 4.30 | 3.31 | 0.09 |
| Adjustment ⓘ | 0.29 | 0.38 | 1.39 | 2.02 | 7.33 |
| Changes in Working Capital ⓘ | -0.1 | 2.25 | -3.57 | -17.12 | -16.76 |
| Tax Paid ⓘ | -0.09 | -0.27 | -0.75 | 0 | 0.52 |
| Cash Flow From Investing Activity ⓘ | -0.08 | -5.88 | -13.08 | -12.79 | -10.22 |
| Capex | -0.08 | -5.94 | -3.36 | -5.37 | -5.11 |
| Net Investments | 0 | 0 | -9.86 | -7.41 | -3.11 |
| Others ⓘ | 0 | 0.06 | 0.15 | 0 | -2 |
| Cash Flow From Financing Activityⓘ | -0.20 | 4.12 | 9.86 | 24.56 | 20.34 |
| Net Proceeds from Shares ⓘ | 0 | -1.86 | 10.18 | 2.90 | 25.89 |
| Net Proceeds from Borrowing ⓘ | -0.14 | 6.20 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.07 | -0.22 | -0.72 | -0.52 | -2.73 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0.40 | 22.18 | -2.82 |
| Net Cash Flow ⓘ | 0.10 | 1.75 | -1.85 | -0.01 | 1.29 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 156.45 | 147.15 | 42.29 | 14.41 | -1.11 | |||||
| ROCE (%) | 43.59 | 31.57 | 34.23 | 13.89 | 4.7 | |||||
| Asset Turnover Ratio | 3.29 | 1.24 | 0.7 | 0.34 | 0.52 | |||||
| PAT to CFO Conversion(x) | 1.63 | 4.08 | 0.42 | -4.77 | N/A | Working Capital Days | ||||
| Receivable Days | 54 | 47 | 36 | 76 | 98 | |||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | |||||
| Payable Days | 0 | 0 | 0 | 0 | 0 | |||||
The company was originally incorporated as ‘Tridhya Tech Private Limited’ as Private Limited Company under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated February 02, 2018 issued by the Deputy Registrar of Companies, Gujarat. The company was converted in to a public limited company and consequently the name of the company was changed to ‘Tridhya Tech Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated October 25, 2022. Its Promoters Mr. Ramesh Marand, professionally qualified having almost two decades experience in the IT Industry and Mr. Vinay Dangar, having experience of six years in IT industry are the pioneer of the company. Their experience in Information technology Industry has been instrumental in determining the vision and growth strategies for the company. The market position of the company has been achieved by adherence to the vision of its Promoters and well supported by qualified & experienced management at different levels with appropriate functional responsibilities.
The company is engaged in full-service Software Development which includes all IT services and resources. It provides turnkey consultancy services to various industries like e-commerce, Real estate, transport and Logistics, Insurance and other sectors. It provides services related to ecommerce development, Enterprise content Management, Bespoke Web Management, Mobile App, Development, API Development, Product Support & Maintenance, Front End Development and Graphic design.
It provides customised software products, which starts from the initial concept of the product requirement, designing the architecture, coding and testing, deploying to the final deployment of the product. It also provides post deployment support on time to time basis to clients. It also provides project management, consultation services, maintenance and support services to ensure the successful completion of the project and longevity of the software. This helps to ensure that the software is properly developed and deployed, meeting the expectations of the client. It focuses in technological empowerment and provide end-to-end tech solutions to build an effective digital presence. For providing best work/support to its client, it recruits the experience professionals who must have good command over the programming languages, agile software development, user experience design, and other relevant technologies.
Business area of the company
The company is engaged in full-service Software Development which includes all IT services and resources.
Services of the company
IT solutions developments & maintenance services (Time Base Income)
IT staff augmentation (Fixed Basis Income)
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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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