Athena Global Tech.

₹87.5 -0.4 | 0.4%

WEBSITE BSE:517429 NSE : ATHENAGLO 18 May, 10:00

Market Cap ₹123 Cr.

Stock P/E -5.1

P/B -5.6

Current Price ₹87.5

Book Value ₹ -15.5

Face Value 10

52W High ₹109.9

Dividend Yield 0%

52W Low ₹ 45.1

Edit Ratio

Athena Global Tech. Research see more...

Overview Inc. Year: 1992Industry: IT - Software

Athena Global Technologies Limited is a veteran player in the IT services and consulting industry, offering a broad spectrum of innovative solutions including blockchain, artificial intelligence, data science, Internet of Things, robotic automation, and chatbots/voicebots. The company has carved a niche in digital transformation, aiding clients to become more agile and competitive in the rapidly evolving technological landscape.The company’s promoters play a pivotal role in its strategic direction and growth. M. Satyendra, with a significant holding of 49.76%, leads the company as both Chairman and Managing Director, ensuring a consistent vision from leadership to execution. The promoter group collectively holds 61.57% of the shareholding as of December 2023, reflecting a strong commitment to the company’s future. Athena’s clientele includes top-tier service companies, energy firms, and Fortune 500 corporations, attesting to its capability to deliver high-quality, scalable digital solutions.

Athena Global Tech. Share Price

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Peer Comparison

Athena Global Tech. 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	6	4	5	5	2	3	2	3	3	4
Other Income	1	6	1	0	0	0	0	0	0	-0
Total Income	7	10	6	5	2	4	2	3	3	4
Total Expenditure	6	7	8	7	8	5	8	7	4	6
Operating Profit	1	3	-2	-2	-6	-2	-6	-3	-1	-2
Interest	2	6	1	1	2	2	2	3	3	3
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	-3	-3	-3	-8	-3	-8	-6	-4	-6
Provision for Tax	0	0	-0	-0	0	0	-0	-0	1	-2
Profit After Tax	-1	-3	-3	-3	-8	-4	-7	-6	-5	-4
Adjustments	0	0	0	0	0	0	0	0	-0	0
Profit After Adjustments	-1	-3	-3	-3	-8	-4	-7	-6	-5	-4
Adjusted Earnings Per Share	-1	-2.6	-2.2	-2.5	-6.2	-2.9	-5.6	-4.6	-3.8	-3

Athena Global Tech. Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	6	8	11	8	14	26	26	20	12	12
Other Income	0	0	1	4	2	2	2	9	2	0
Total Income	6	8	12	12	16	29	28	29	14	12
Total Expenditure	12	7	14	11	14	26	26	28	28	25
Operating Profit	-5	1	-2	2	2	3	2	2	-15	-12
Interest	0	0	1	1	3	4	5	9	7	11
Depreciation	0	0	0	0	0	4	3	0	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-6	1	-3	-0	-1	-4	-5	-8	-23	-24
Provision for Tax	0	0	0	-0	1	1	1	-0	-1	-1
Profit After Tax	-6	1	-3	0	-1	-6	-6	-8	-22	-22
Adjustments	0	0	0	0	0	2	1	1	1	0
Profit After Adjustments	-6	1	-3	0	-1	-3	-6	-7	-21	-22
Adjusted Earnings Per Share	-7.2	0.7	-3.3	0.3	-0.9	-2.9	-4.9	-5.8	-16	-17

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-40%	-23%	8%	0%
Operating Profit CAGR	-850%	NAN%	NAN%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	59%	26%	17%	26%
ROE Average	0%	-40%	-24%	-24%
ROCE Average	-27%	-13%	-8%	-10%

Athena Global Tech. Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	-10	-9	-11	-9	-9	-11	5	8	-10
Minority's Interest	0	0	0	1	1	-2	1	1	0
Borrowings	3	3	1	0	0	1	0	37	66
Other Non-Current Liabilities	13	13	11	18	26	26	25	6	14
Total Current Liabilities	9	9	13	11	12	19	27	25	23
Total Liabilities	15	16	14	22	30	33	58	76	93
Fixed Assets	3	3	6	5	6	5	29	39	38
Other Non-Current Assets	4	4	1	6	11	10	14	20	32
Total Current Assets	8	9	6	10	12	15	15	17	24
Total Assets	15	16	14	22	30	33	58	76	93

Athena Global Tech. Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	1	0	1	0	1	1	0
Cash Flow from Operating Activities	3	0	0	5	-1	9	5	-4	-21
Cash Flow from Investing Activities	-4	0	-2	-3	-3	-10	-7	-9	-13
Cash Flow from Financing Activities	1	-0	1	-1	4	2	1	12	35
Net Cash Inflow / Outflow	-0	0	-0	1	-1	1	0	-1	2
Closing Cash & Cash Equivalent	0	0	0	1	0	1	1	0	2

Athena Global Tech. Ratios

#	Mar 2014	Mar 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-7.17	0.72	-3.31	0.34	-0.9	-2.88	-4.95	-5.8	-16
CEPS(Rs)	-6.89	0.9	-3.05	0.55	-0.9	-1.96	-3.3	-5.96	-15.73
DPS(Rs)	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	-12.24	-11.7	-11.98	-9.49	-8.99	-11.91	4.48	6.33	-7.68
Core EBITDA Margin(%)	-83.31	10.03	-30.89	-32.95	2.41	1.23	-1.19	-37.77	-136.87
EBIT Margin(%)	-86.61	8.16	-23.01	17.55	14.01	-2.63	-2.33	5.52	-130.33
Pre Tax Margin(%)	-87.81	7.48	-32.26	-0.93	-3.72	-16.18	-20.69	-41.3	-188.52
PAT Margin (%)	-87.81	7.48	-32.44	4.18	-8.95	-21.73	-24.79	-40.12	-183.31
Cash Profit Margin (%)	-84.33	9.37	-29.9	7.49	-7.19	-8.45	-15.02	-37.77	-175.13
ROA(%)	-22.99	3.68	-23.2	1.86	-4.89	-18.27	-14.19	-12.02	-25.95
ROE(%)	-90.95	0	0	0	0	0	0	-120.59	0
ROCE(%)	-53.19	0	0	0	0	0	-15.38	3.25	-26.66
Receivable days	392.77	117.69	85.44	112.57	91.48	72.73	76.82	112.57	232.5
Inventory Days	304.6	282.19	0	1.33	15.76	18.07	21.42	16.19	4.14
Payable days	0	0	0	0	442.83	3981.45	210.17	315.86	371.46
PER(x)	0	11.09	0	42.56	0	0	0	0	0
Price/Book(x)	-0.83	-0.68	-2.09	-1.53	-5.01	-3.04	7.94	11.35	-6.51
Dividend Yield(%)	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.68	1.16	2.83	2.32	3.77	1.74	1.94	6.81	11.6
EV/Core EBITDA(x)	-2.02	11.51	-13.83	11.11	23.91	16.31	26.03	86.37	-9.5
Net Sales Growth(%)	-59.45	18.03	39.59	-24.51	77.16	86.67	-1.34	-22.82	-40.25
EBIT Growth(%)	-898.42	111.12	-493.74	157.57	41.46	-135.01	12.58	283.05	-1510.26
PAT Growth(%)	-7536.97	110.05	-705.48	109.73	-479.22	-352.99	-12.6	-24.89	-172.98
EPS Growth(%)	-7536.94	110.05	-558.87	110.29	-364.31	-219.52	-71.88	-17.33	-175.75
Debt/Equity(x)	-0.32	-0.3	-0.36	-0.34	-0.26	-0.44	1.82	5.62	-7.23
Current Ratio(x)	0.97	1	0.49	0.88	1.03	0.81	0.55	0.7	1.01
Quick Ratio(x)	0.28	0.33	0.49	0.88	0.93	0.73	0.49	0.7	1
Interest Cover(x)	-72.22	12.02	-2.49	0.95	0.79	-0.19	-0.13	0.12	-2.24
Total Debt/Mcap(x)	0.39	0.44	0.17	0.22	0.05	0.14	0.23	0.5	1.11

Athena Global Tech. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	57.66	57.66	57.66	57.66	57.66	59.65	59.65	59.65	61.57	61.57
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	42.34	42.34	42.34	42.34	42.34	40.35	40.35	40.35	38.43	38.43
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	0.74	0.74	0.74	0.74	0.74	0.8	0.8	0.8	0.87	0.87
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.54	0.54	0.54	0.54	0.54	0.54	0.54	0.54	0.54	0.54
Others	0	0	0	0	0	0	0	0	0	0
Total	1.28	1.28	1.28	1.28	1.28	1.34	1.34	1.34	1.41	1.41

Pros

Stock is trading at -5.6 times its book value
Company is almost debt free.

Cons

Company has a low return on equity of -40% over the last 3 years.
Debtor days have increased from 315.86 to 371.46days.

* 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.