Allied Digital Serv.

₹138.5 2.6 | 1.9%

WEBSITE BSE:532875 NSE : ALLIED DIGIT 10 May, 16:01

Market Cap ₹766 Cr.

Stock P/E -133.0

P/B 1.3

Current Price ₹138.5

Book Value ₹ 102.7

Face Value 5

52W High ₹201.4

Dividend Yield 0.9%

52W Low ₹ 83.5

Edit Ratio

Allied Digital Serv. Research see more...

Overview Inc. Year: 1995Industry: IT - Software

Allied Digital Services Ltd is a comprehensive IT services and solutions business enterprise. The Company is also engaged in software program publishing, consultancy and supply, maintenance and repair of office, accounting and computing machinery. The Company operates in segments: Enterprise Computing based Solutions and Infrastructure based Management Solutions. The Company is a worldwide IT transformation architect, which is engaged in designing, developing, deploying and delivering IT infrastructure offerings in India, the USA, Australia, Europe and the Middle East Asia. It has six key faces of services named as ADiCube, which include ADInfra imparting, ADiUser providing, ADiTaaS ITSM platform, ADiCloud offering, ADiApps providing and ADiInsight presenting. The Company additionally offers various IT and consultancy offerings, together with end user IT support, IT asset lifecycle, agency applications and integrated solutions.

Allied Digital Serv. Share Price

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Peer Comparison

Allied Digital Serv. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	113	117	156	153	167	174	166	169	170	171
Other Income	1	1	1	1	3	2	0	0	0	1
Total Income	114	117	157	154	170	176	166	169	171	172
Total Expenditure	95	104	129	139	142	144	148	151	150	150
Operating Profit	18	14	28	15	28	32	19	18	21	21
Interest	0	1	1	1	1	1	1	1	1	1
Depreciation	6	5	5	4	4	4	4	4	4	4
Exceptional Income / Expenses	24	0	0	0	0	0	0	0	0	0
Profit Before Tax	36	9	22	10	23	26	13	13	16	16
Provision for Tax	3	2	5	3	5	7	4	4	4	4
Profit After Tax	33	7	17	7	18	19	10	9	11	12
Adjustments	0	-0	0	0	0	0	-47	0	0	0
Profit After Adjustments	33	7	17	7	18	19	-37	9	11	12
Adjusted Earnings Per Share	6.5	1.3	3.1	1.3	3.3	3.5	-6.8	1.6	2.1	2.1

Allied Digital Serv. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	417	266	234	237	215	225	240	330	358	485	660	676
Other Income	7	31	11	8	2	4	4	6	4	3	6	1
Total Income	424	297	245	245	218	229	244	336	362	487	666	678
Total Expenditure	372	248	200	198	175	178	201	282	313	415	572	599
Operating Profit	51	49	45	47	43	51	43	53	49	73	94	79
Interest	15	15	16	19	16	5	10	7	4	3	4	4
Depreciation	25	26	28	22	21	23	22	22	22	20	17	16
Exceptional Income / Expenses	-8	-1	0	0	0	-3	4	0	0	24	0	0
Profit Before Tax	3	6	1	6	5	19	15	24	24	74	73	58
Provision for Tax	5	-3	2	2	6	9	2	5	4	13	19	16
Profit After Tax	-2	9	-0	4	-0	10	12	19	19	61	54	42
Adjustments	-3	-0	0	-1	-0	1	-0	0	-2	-11	-47	-47
Profit After Adjustments	-5	9	-0	3	-1	11	12	19	17	50	7	-5
Adjusted Earnings Per Share	-1.1	2	-0	0.7	-0.2	2.2	2.5	3.8	3.3	9.3	1.3	-1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	36%	26%	24%	5%
Operating Profit CAGR	29%	21%	13%	6%
PAT CAGR	-11%	42%	40%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	62%	35%	56%	26%
ROE Average	10%	9%	7%	3%
ROCE Average	13%	11%	9%	6%

Allied Digital Serv. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	682	678	663	442	442	424	437	456	471	531	536
Minority's Interest	14	6	5	6	7	8	9	12	14	25	35
Borrowings	9	0	26	20	10	5	13	6	5	5	3
Other Non-Current Liabilities	26	14	10	11	18	24	26	27	26	27	12
Total Current Liabilities	134	129	132	159	309	159	149	122	126	105	109
Total Liabilities	866	826	836	638	786	620	633	623	641	693	695
Fixed Assets	381	349	308	287	226	211	196	192	175	171	186
Other Non-Current Assets	104	97	98	97	165	143	115	105	120	129	125
Total Current Assets	381	381	430	254	395	266	323	326	346	393	384
Total Assets	866	826	836	638	786	620	633	623	641	693	695

Allied Digital Serv. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	31	19	21	23	19	16	29	24	24	58	59
Cash Flow from Operating Activities	37	3	0	23	26	32	19	31	49	15	47
Cash Flow from Investing Activities	-30	20	1	8	2	4	5	-11	-12	-6	-12
Cash Flow from Financing Activities	-18	-21	1	-35	-31	-24	-32	-20	-3	-8	-11
Net Cash Inflow / Outflow	-12	2	2	-4	-3	13	-8	-0	34	1	24
Closing Cash & Cash Equivalent	19	21	23	19	16	29	22	24	58	59	83

Allied Digital Serv. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-1.1	2	-0	0.68	-0.15	2.17	2.45	3.83	3.34	9.32	1.26
CEPS(Rs)	5.01	7.7	5.93	5.16	4.21	6.61	6.77	8.25	8.04	15	12.9
DPS(Rs)	0	0	0	0	0	0	0	0.5	0.75	1	1.25
Book NAV/Share(Rs)	147.7	146.73	143.17	86.59	86.61	82.98	85.65	90.91	92.5	96.8	95.81
Core EBITDA Margin(%)	10.69	6.55	14.59	16.49	18.75	20.8	16.11	14.44	12.47	14.45	13.38
EBIT Margin(%)	4.45	8.03	7.46	10.59	9.86	10.89	10.27	9.4	7.59	15.71	11.66
Pre Tax Margin(%)	0.77	2.21	0.57	2.54	2.53	8.46	6.06	7.28	6.56	15.17	11.05
PAT Margin (%)	-0.44	3.49	-0.13	1.76	-0.14	4.45	5.16	5.82	5.37	12.59	8.14
Cash Profit Margin (%)	5.55	13.38	11.72	10.93	9.81	14.74	14.18	12.55	11.39	16.77	10.71
ROA(%)	-0.21	1.1	-0.04	0.57	-0.04	1.42	1.97	3.06	3.04	9.15	7.74
ROE(%)	-0.27	1.36	-0.05	0.76	-0.07	2.35	2.92	4.34	4.16	12.28	10.24
ROCE(%)	2.32	2.71	2.21	3.71	3.9	4.82	5.01	6.14	5.25	13.86	13.45
Receivable days	224.45	359.92	450.63	364.7	393.36	367.33	264	220.56	186.91	136.66	99.05
Inventory Days	37.39	57.5	60.2	55.69	57.35	54.06	51.15	38.24	35.63	27.42	22.33
Payable days	12	24.79	25.93	70.73	169.01	198.22	112.15	79.04	107.36	75.45	39.92
PER(x)	0	6.03	0	59.28	0	9.17	5.62	3.31	13	12.27	60.35
Price/Book(x)	0.07	0.08	0.14	0.46	0.33	0.24	0.16	0.14	0.47	1.18	0.79
Dividend Yield(%)	0	0	0	0	0	0	0	3.94	1.73	0.87	1.64
EV/Net Sales(x)	0.33	0.51	0.87	1.24	1.03	0.57	0.47	0.28	0.6	1.24	0.56
EV/Core EBITDA(x)	2.68	2.8	4.51	6.29	5.21	2.53	2.62	1.76	4.44	8.3	3.93
Net Sales Growth(%)	-28.74	-36.27	-11.99	1.41	-9.18	4.46	6.59	37.71	8.46	35.36	36.19
EBIT Growth(%)	-52.48	15.09	-18.18	43.88	-15.42	15.4	0.49	26.04	-12.38	179.99	1.13
PAT Growth(%)	-118.78	600.45	-103.35	1443.86	-107.19	3433.33	23.7	55.38	0.05	217.26	-11.92
EPS Growth(%)	-154.16	282.35	-100.05	0	-122.65	1514.27	12.95	56.42	-12.82	178.81	-86.45
Debt/Equity(x)	0.16	0.15	0.21	0.26	0.21	0.14	0.15	0.12	0.12	0.08	0.07
Current Ratio(x)	2.83	2.95	3.25	1.6	1.28	1.67	2.17	2.66	2.75	3.74	3.53
Quick Ratio(x)	2.5	2.65	2.96	1.38	1.17	1.5	1.94	2.38	2.47	3.38	3.14
Interest Cover(x)	1.21	1.38	1.08	1.32	1.35	4.48	2.44	4.44	7.37	29.06	19.15
Total Debt/Mcap(x)	2.33	1.82	1.51	0.56	0.64	0.58	0.93	0.84	0.25	0.07	0.08

Allied Digital Serv. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	53.21	53.21	53.21	52.95	52.82	52.63	52.57	52.39	52.26	52.2
FII	0.5	0.34	0.2	0.54	0.6	0.42	0.13	0	1.08	1.01
DII	0	0	0	0	0	0	0	0	0.01	0
Public	46.29	46.45	46.59	46.5	46.57	46.95	47.31	47.61	46.66	46.79
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.88	2.88	2.88	2.89	2.89	2.89	2.89	2.89	2.89	2.89
FII	0.03	0.02	0.01	0.03	0.03	0.02	0.01	0	0.06	0.06
DII	0	0	0	0	0	0	0	0	0	0
Public	2.51	2.52	2.53	2.53	2.54	2.57	2.6	2.62	2.58	2.59
Others	0	0	0	0	0	0	0	0	0	0
Total	5.42	5.42	5.42	5.45	5.46	5.48	5.49	5.51	5.52	5.53

Pros

Company has delivered good profit growth of 40% CAGR over last 5 years
Debtor days have improved from 75.45 to 39.92days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 9% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.