BSE: 517562 | NSE: TRIGYN | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Trigyn Technologies Ltd is a below average quality company.
The key valuation ratios of Trigyn Technologies 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 Semi Strong which suggest that the price of Trigyn Technologies Ltd is likely to Rise-somewhat 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.5% | 2.1% | 1% | 0.7% | 8.1% | 6.8% | 4% | 2.9% | 4.5% | 5.3% | - |
| Value Creation Index ⓘ | -1.0 | -0.9 | -0.9 | -1.0 | -0.4 | -0.5 | -0.7 | -0.8 | -0.7 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 150 | 153 | 55.8 | 61.8 | 129 | 76.2 | 88.2 | 94.3 | 173 | 175 | 182 |
| Sales YoY Gr. | - | 1.9% | -63.5% | 10.8% | 108.4% | -40.8% | 15.7% | 6.8% | 83% | 1.6% | - |
| Adj EPS ⓘ | -0.2 | 0.6 | 0.6 | 0.2 | 2.3 | 1.9 | 1.1 | 0.3 | 1.9 | 2.4 | 0.6 |
| YoY Gr. | - | NA | 16.4% | -76.6% | 1420% | -17.1% | -44.4% | -72.4% | 548.3% | 26.6% | - |
| BVPS (₹) ⓘ | 55.3 | 56.4 | 56.5 | 56.8 | 58.2 | 59.2 | 60.1 | 60.3 | 61.5 | 61.2 | 58.8 |
| Adj Net Profit ⓘ | -0.7 | 1.6 | 1.9 | 0.5 | 7 | 5.8 | 3.2 | 0.9 | 5.8 | 7.3 | 2 |
| Cash Flow from Ops. ⓘ | -6.3 | 4.4 | -1 | 1.6 | -10.3 | 2 | -3.8 | -9.9 | -5.5 | -5.8 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | -0.5 | 0.5 | -1.2 | 5.6 | -2.2 | -0.5 | -0.4 | -0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1.7% | 6.3% | 25.7% | 1.6% | ||||
| Adj EPS ⓘ | NA | 0.9% | 31.4% | 26.6% | ||||
| BVPSⓘ | 1.1% | 1% | 0.6% | -0.4% | ||||
| Share Price | 11.7% | 20.7% | -10.7% | -23.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.4 | 1 | 1.1 | 0.3 | 4 | 3.2 | 1.8 | 0.5 | 3.1 | 3.9 | 1 |
| Op. Profit Mgn % ⓘ | -1.8 | 1.6 | 3.2 | 2.8 | 10.1 | -2.5 | 3.5 | -9.3 | -6.7 | -8.7 | -4.4 |
| Net Profit Mgn % ⓘ | -0.5 | 1.1 | 3.4 | 0.8 | 5.4 | 7.6 | 3.7 | 0.9 | 3.4 | 4.2 | 1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 219 | 209 | 577 | 550 | 303 | 544 | 490 | 484 | 310 | 384 | 138 |
| Cash Conv. Cycle ⓘ | 133 | 104 | 240 | 159 | 63 | 224 | 259 | 228 | 113 | 108 | 41 |
Sales growth is growing at healthy rate in last 3 years 25.71%
Net Profit is growing at healthy rate in last 3 years 31.36%
Sales growth is good in last 4 quarters at 14.73%
Return on Equity has declined versus last 3 years average to 1.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.6 | 1.6 |
| TTM Sales (₹ Cr.) | 182 | 1,092 |
| BVPS (₹.) ⓘ | 58.8 | 231.3 |
| Reserves (₹ Cr.) ⓘ | 150 | 681 |
| P/BV ⓘ | 1.84 | 0.47 |
| PE ⓘ | 188.88 | 67.52 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 92.45 / 167.90 |
| All Time Low / High (₹) | 5.80 / 3101.95 |
| Market Cap (₹ Cr.) | 334 |
| Equity (₹ Cr.) | 30.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 36 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 150 | 153 | 56 | 62 | 129 | 76 | 88 | 94 | 173 | 175 |
| Operating Expenses ⓘ | 153 | 150 | 56 | 60 | 116 | 78 | 85 | 103 | 186 | 192 |
| Manufacturing Costs | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 21 | 28 |
| Material Costs | 0 | 3 | 2 | 8 | 58 | 13 | 17 | 3 | 34 | 16 |
| Employee Cost | 143 | 138 | 38 | 38 | 40 | 41 | 53 | 73 | 93 | 110 |
| Other Costs ⓘ | 9 | 9 | 15 | 13 | 15 | 22 | 15 | 25 | 38 | 38 |
| Operating Profit ⓘ | -3 | 2 | 0 | 2 | 13 | -2 | 3 | -9 | -14 | -16 |
| Operating Profit Margin (%) | -1.8% | 1.6% | 0.4% | 2.8% | 10.1% | -2.5% | 3.2% | -9.3% | -7.9% | -9.3% |
| Other Income ⓘ | 3 | 2 | 3 | 1 | 8 | 17 | 8 | 18 | 26 | 31 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 1 |
| Depreciation ⓘ | 1 | 0 | 1 | 1 | 1 | 2 | 3 | 4 | 4 | 4 |
| Exceptional Items ⓘ | 2 | 0 | -1 | 0 | -5 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 3 | 1 | 1 | 14 | 11 | 6 | 4 | 7 | 9 |
| Tax ⓘ | 0 | 1 | 1 | 0 | 10 | 5 | 3 | 3 | 3 | 3 |
| Profit After Tax | 0 | 2 | 1 | 0 | 4 | 6 | 3 | 1 | 4 | 7 |
| PAT Margin (%) | 0.0% | 1.4% | 1.5% | 0.8% | 3.1% | 8.1% | 3.4% | 1.1% | 2.5% | 3.7% |
| Adjusted EPS (₹) | 0.0 | 0.7 | 0.3 | 0.2 | 1.3 | 2.0 | 1.0 | 0.3 | 1.4 | 2.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 58% | 12% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 163 | 166 | 168 | 170 | 179 | 182 | 185 | 186 | 189 | 188 |
| Share Capital ⓘ | 29 | 29 | 30 | 30 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves ⓘ | 133 | 136 | 138 | 140 | 148 | 151 | 154 | 155 | 158 | 158 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 8 | 6 | 8 | 5 | 2 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 8 | 6 | 4 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 5 | 2 | 0 |
| Trade Payables | 2 | 1 | 1 | 12 | 11 | 10 | 14 | 8 | 9 | 9 |
| Others Liabilities ⓘ | 16 | 22 | 20 | 20 | 23 | 30 | 31 | 39 | 89 | 135 |
| Total Liabilities ⓘ | 181 | 189 | 190 | 201 | 221 | 228 | 238 | 238 | 289 | 332 |
Fixed Assets | ||||||||||
| Gross Block | 5 | 5 | 7 | 10 | 10 | 24 | 27 | 29 | 31 | 32 |
| Accumulated Depreciation | 4 | 4 | 5 | 6 | 7 | 11 | 14 | 14 | 18 | 21 |
| Net Fixed Assetsⓘ | 1 | 1 | 2 | 4 | 3 | 13 | 13 | 14 | 12 | 11 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| Investmentsⓘ | 91 | 92 | 94 | 93 | 93 | 93 | 93 | 93 | 100 | 99 |
| Inventories | 0 | 0 | 0 | 10 | 1 | 5 | 3 | 3 | 11 | 8 |
| Trade Receivables | 50 | 41 | 35 | 21 | 42 | 71 | 74 | 62 | 50 | 56 |
| Cash Equivalents | 3 | 7 | 6 | 6 | 10 | 9 | 6 | 4 | 8 | 20 |
| Others Assetsⓘ | 36 | 48 | 53 | 67 | 71 | 37 | 47 | 60 | 107 | 138 |
| Total Assets ⓘ | 181 | 189 | 190 | 201 | 221 | 228 | 238 | 238 | 289 | 332 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -6 | 4 | -1 | 2 | -10 | 2 | -4 | -10 | -6 | -6 |
| PBT ⓘ | -1 | 3 | 1 | 1 | 14 | 11 | 6 | 4 | 7 | 9 |
| Adjustment ⓘ | -1 | 0 | 1 | 3 | -6 | -3 | 1 | -6 | -5 | -13 |
| Changes in Working Capital ⓘ | -4 | 3 | -3 | -1 | -24 | -1 | -8 | -4 | -1 | 6 |
| Tax Paid ⓘ | 0 | -1 | -1 | -1 | 5 | -5 | -3 | -4 | -7 | -7 |
| Cash Flow From Investing Activity ⓘ | 1 | 1 | 1 | -2 | 7 | 1 | 5 | 12 | 16 | 21 |
| Capex | 0 | -1 | -1 | -3 | 0 | -14 | -3 | -5 | -2 | -1 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8 | -8 |
| Others ⓘ | 1 | 1 | 2 | 1 | 7 | 15 | 8 | 18 | 26 | 31 |
| Cash Flow From Financing Activityⓘ | 6 | -1 | 0 | 0 | 8 | -4 | -4 | -5 | -6 | -3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | -1 | -2 | -2 | -2 | -2 | -1 |
| Dividend Paid ⓘ | -2 | 0 | 0 | 0 | 0 | -2 | -1 | 0 | 0 | 0 |
| Others ⓘ | 8 | 0 | 0 | 0 | 7 | 0 | -1 | -3 | -4 | -2 |
| Net Cash Flow ⓘ | 0 | 4 | -1 | -1 | 4 | -1 | -3 | -3 | 4 | 13 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.01 | 1.3 | 0.5 | 0.28 | 2.28 | 3.44 | 1.64 | 0.55 | 2.3 | 3.45 |
| ROCE (%) | 0.5 | 2.07 | 0.97 | 0.7 | 8.14 | 6.82 | 4.04 | 2.93 | 4.48 | 5.33 |
| Asset Turnover Ratio | 0.81 | 0.83 | 0.29 | 0.32 | 0.61 | 0.34 | 0.38 | 0.4 | 0.65 | 0.56 |
| PAT to CFO Conversion(x) | N/A | 2 | -1 | N/A | -2.5 | 0.33 | -1.33 | -10 | -1.5 | -0.86 | Working Capital Days |
| Receivable Days | 137 | 109 | 249 | 167 | 90 | 271 | 300 | 263 | 118 | 110 |
| Inventory Days | 0 | 0 | 0 | 59 | 16 | 14 | 17 | 13 | 15 | 19 |
| Payable Days | 2,186 | 197 | 233 | 278 | 71 | 287 | 254 | 1,495 | 93 | 210 |
Trigyn Technologies Ltd was incorporated on March 25, 1986 in Maharashtra as a private limited company and was converted into a public limited company on August 8, 1994. It was promoted by software professionals, Ramkrishna Bhagwat Atul Kamath & Tushar Vaidya.
Trigyn Technologies is an innovative, software-led solutions provider and systems integrator. It has software professionals on board at locations in India, the US, Europe and the Far East - working round the clock to bring cutting-edge technology. They have development centers in New Jersey, Bangalore and Mumbai, India.
Innovative products, client-specific software services and solutions, highly complex system integration projects that enable and drive client-centric convergence in enterprises. That's what Trigyn Technologies offers.
Trigyn benefits from over 20 years of experience in the information technology industry and has an established client base of major fortune 500 companies in varying industry, World Governmental Organizations, and State Governments. Trigyn’s impressive client base portrays their ability to work with the best and to provide effective solutions using cutting edge technologies to meet and exceed expectations.
Products and services offered by the company:
Products:
Services:
Outsourcing ServicesRe-engineering & Migration Practice
QA Practice
Engineering PracticeStaff Augmentation Services
ECDM Services
Achievements/ recognition:
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