Past 10 year's financial track record analysis by Moneyworks4me indicates that Logica Infoway Ltd is a average quality company.
The key valuation ratios of Logica Infoway Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Logica Infoway 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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.2% | 11.1% | 11.8% | 9.9% | 11.1% | 14.5% | - |
| Value Creation Index ⓘ | -0.3 | -0.2 | -0.2 | -0.3 | -0.2 | 0.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 400 | 496 | 445 | 617 | 705 | 1,064 | 1,064 |
| Sales YoY Gr. | - | 24% | -10.2% | 38.7% | 14.1% | 51% | - |
| Adj EPS ⓘ | 1.3 | 1.5 | 1.9 | 1.9 | 2 | 3.9 | 4.7 |
| YoY Gr. | - | 19.4% | 20.1% | 3.2% | 4.7% | 96% | - |
| BVPS (₹) ⓘ | 21.2 | 22.7 | 24.6 | 26.5 | 31.1 | 35.8 | 35.8 |
| Adj Net Profit ⓘ | 1.6 | 1.9 | 2.4 | 2.5 | 3.4 | 6.7 | 8 |
| Cash Flow from Ops. ⓘ | 3.7 | 3.1 | -4.7 | 9.1 | -6.8 | 23.4 | - |
| Debt/CF from Ops. ⓘ | 8.3 | 9.5 | -9.4 | 6.6 | -9.4 | 4.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 21.6% | 33.7% | 51% | ||||
| Adj EPS ⓘ | NA | 24.9% | 28.4% | 96% | ||||
| BVPSⓘ | NA | 11.1% | 13.4% | 15.3% | ||||
| Share Price | - | - | - | 53% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.1 | 7.1 | 7.9 | 7.6 | 7.8 | 11.7 | 13.2 |
| Op. Profit Mgn % ⓘ | 1.1 | 0.7 | 1.4 | 1.3 | 1.6 | 1.7 | NAN |
| Net Profit Mgn % ⓘ | 0.4 | 0.4 | 0.5 | 0.4 | 0.5 | 0.6 | 0.8 |
| Debt to Equity ⓘ | 1.2 | 1 | 1.4 | 1.7 | 1.2 | 1.8 | - |
| Working Cap Days ⓘ | 0 | 57 | 73 | 66 | 71 | 61 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 34 | 44 | 41 | 43 | 39 | 0 |
Return on Equity has increased versus last 3 years average to 13.20%
Sales growth is growing at healthy rate in last 3 years 33.71%
Net Profit is growing at healthy rate in last 3 years 28.44%
Debt to equity has declined versus last 3 years average to 1.76
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.7 | - |
| TTM Sales (₹ Cr.) | 1,064 | - |
| BVPS (₹.) ⓘ | 35.8 | - |
| Reserves (₹ Cr.) ⓘ | 44 | - |
| P/BV ⓘ | 6.12 | - |
| PE ⓘ | 46.35 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 131.14 / 314.00 |
| All Time Low / High (₹) | 32.52 / 314.00 |
| Market Cap (₹ Cr.) | 375 |
| Equity (₹ Cr.) | 17.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 98.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 400 | 496 | 445 | 617 | 705 | 1,064 |
| Operating Expenses ⓘ | 395 | 492 | 439 | 610 | 694 | 1,046 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 381 | 475 | 422 | 586 | 670 | 1,021 |
| Employee Cost | 4 | 4 | 3 | 5 | 5 | 6 |
| Other Costs ⓘ | 11 | 13 | 13 | 18 | 18 | 18 |
| Operating Profit ⓘ | 5 | 3 | 6 | 8 | 11 | 18 |
| Operating Profit Margin (%) | 1.1% | 0.7% | 1.4% | 1.3% | 1.6% | 1.7% |
| Other Income ⓘ | 2 | 3 | 2 | 1 | 1 | 3 |
| Interest ⓘ | 3 | 4 | 5 | 5 | 7 | 10 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 3 | 3 | 3 | 5 | 11 |
| Tax ⓘ | 1 | 1 | 1 | 1 | 1 | 3 |
| Profit After Tax | 2 | 2 | 2 | 3 | 4 | 8 |
| PAT Margin (%) | 0.4% | 0.4% | 0.5% | 0.4% | 0.5% | 0.8% |
| Adjusted EPS (₹) | 1.3 | 1.5 | 1.9 | 1.9 | 2.1 | 4.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 26 | 29 | 32 | 35 | 53 | 61 | ||||
| Share Capital ⓘ | 2 | 2 | 2 | 2 | 3 | 17 | ||||
| Reserves ⓘ | 24 | 27 | 29 | 33 | 50 | 44 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 31 | 29 | 44 | 60 | 64 | 108 | ||||
| Long Term Debt | 1 | 0 | 8 | 6 | 4 | 2 | ||||
| Short Term Debt | 30 | 29 | 36 | 54 | 60 | 106 | ||||
| Trade Payables | 25 | 24 | 24 | 26 | 30 | 42 | ||||
| Others Liabilities ⓘ | 3 | 3 | 3 | 6 | 6 | 7 | ||||
| Total Liabilities ⓘ | 85 | 85 | 103 | 126 | 154 | 218 | ||||
Fixed Assets | ||||||||||
| Gross Block | 3 | 3 | 3 | 4 | 4 | 4 | ||||
| Accumulated Depreciation | 2 | 3 | 3 | 3 | 3 | 3 | ||||
| Net Fixed Assetsⓘ | 1 | 1 | 1 | 1 | 0 | 1 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investmentsⓘ | 6 | 6 | 0 | 2 | 2 | 13 | ||||
| Inventories | 28 | 34 | 40 | 56 | 55 | 93 | ||||
| Trade Receivables | 45 | 35 | 47 | 45 | 68 | 81 | ||||
| Cash Equivalents | 0 | 1 | 0 | 1 | 0 | 1 | ||||
| Others Assetsⓘ | 5 | 8 | 15 | 22 | 27 | 30 | ||||
| Total Assets ⓘ | 85 | 85 | 103 | 126 | 154 | 218 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4 | 3 | -5 | 9 | -7 | 23 |
| PBT ⓘ | 2 | 3 | 3 | 3 | 5 | 11 |
| Adjustment ⓘ | 3 | 3 | 4 | 5 | 6 | 9 |
| Changes in Working Capital ⓘ | -1 | -2 | -12 | 2 | -15 | 4 |
| Tax Paid ⓘ | -1 | -1 | -1 | -1 | -3 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | 0 | 0 | -3 | -1 | -12 |
| Capex | 0 | 0 | 0 | 0 | 0 | -1 |
| Net Investments | -1 | 0 | 0 | -3 | 0 | -12 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | -3 | -2 | 4 | -6 | 7 | -11 |
| Net Proceeds from Shares ⓘ | 0 | 1 | 1 | 1 | 15 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 8 | -2 | -2 | -2 |
| Interest Paid ⓘ | -3 | -3 | -4 | -4 | -6 | -9 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 1 | -1 | 0 | 0 | 0 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.13 | 7.13 | 7.92 | 7.57 | 7.99 | 14.15 | ||||
| ROCE (%) | 10.23 | 11.06 | 11.82 | 9.88 | 11.11 | 14.51 | ||||
| Asset Turnover Ratio | 4.73 | 5.86 | 4.76 | 5.4 | 5.04 | 5.73 | ||||
| PAT to CFO Conversion(x) | 2 | 1.5 | -2.5 | 3 | -1.75 | 2.88 | Working Capital Days | |||
| Receivable Days | 41 | 29 | 33 | 27 | 29 | 26 | ||||
| Inventory Days | 26 | 23 | 30 | 28 | 29 | 25 | ||||
| Payable Days | 24 | 19 | 21 | 16 | 15 | 13 | ||||
The company was incorporated as 'Oswal Infotech Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated July 28, 1995, issued by the Registrar of Companies, West Bengal. The name of the company was changed to 'Eastern Infoway Private Limited', pursuant to a fresh certificate of incorporation dated December 5, 2000, issued by the Registrar of Companies, West Bengal. Subsequently, the company was converted into a public limited company pursuant to a resolution passed by its Shareholders at an extraordinary general meeting held on December 18, 2000, and a fresh certificate of incorporation dated January 2, 2001, was issued by the Registrar of Companies, West Bengal consequent upon conversion, recording the change in the name of the Company to 'Eastern Infoway Limited'. Further, the name of the Company was changed to 'Eastern Logica Infoway Limited', pursuant to a fresh certificate of incorporation dated February 3, 2003, issued by the Registrar of Companies, West Bengal.
Eastern Logica Infoway primarily operates its business activities across retail, distribution and e-commerce platforms of branded smart phones and IT hardware & peripherals. The company focuses on securing retail spaces to ensure high visibility and easy accessibility to customers. With the object of providing comprehensive solutions, the company has set up multi brand retail outlets. Owing to its longstanding market presence, it has been able to establish a convivial relationship with various smartphone and electronic brands which enables it to showcase their products in its multi brand retail outlets. Its multi brand retail outlets offer its customers with a comprehensive and convenient shopping experience by providing a wide range of branded smart phones, laptops and IT hardware & peripherals under one roof. The company is also engaged in the distribution business of smart phones, IT hardware & peripherals, where it supply such products to retailers in the state of West Bengal and Union Territory of Delhi.
In 2012, the company diversified its operations by venturing into the e-commerce space by associating with the largest players of the e-commerce market. Its e-commerce website currently functions as a catalogue for the products it retail at its stores. Its quality of service and efficiency in managing and operating its e-commerce business has enabled it to maintain business relationships with largest players of the e-commerce market, and resultantly, the Company has been bestowed with awards and titles such as highest seller during the 'Big Billion Days' of Flipkart in 2018, etc.
Business area of the company
The company is engaged in multi-brand retail and retail selling as well as distribution of branded smart phones, IT hardware, software and allied accessories and services. The company also provides networking and security solution to its consumers. The company commenced its business operations in year 1995 and it has built a fair market presence.
Awards and Accreditations
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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