AION-Tech Solutions

₹127.2 3.3 | 2.7%

WEBSITE BSE:531439 NSE : GOLDTECH 18 May, 12:50

Market Cap ₹440 Cr.

Stock P/E -203.8

P/B 6.5

Current Price ₹127.2

Book Value ₹ 19.6

Face Value 10

52W High ₹171.7

Dividend Yield 0%

52W Low ₹ 56.2

Edit Ratio

AION-Tech Solutions Research see more...

Overview Inc. Year: 1994Industry: IT - Software

Goldstone Technologies Ltd is a prominent global IT services and consulting company. Established in 1994, the company has consistently provided cutting-edge technology solutions to clients across various industries. With a strong focus on innovation and customer-centric approach, Goldstone Technologies has earned a reputation for delivering high-quality software development, digital transformation, and IT consulting services. The company offers a comprehensive range of services, including application development and maintenance, cloud computing, data analytics, cybersecurity, enterprise mobility, and testing services. Their expertise extends to diverse domains such as finance, healthcare, manufacturing, retail, and telecommunications. Goldstone Technologies has a skilled team of professionals who leverage their technical prowess and industry knowledge to deliver customized solutions that meet clients' specific requirements. They prioritize delivering projects on time and within budget, ensuring customer satisfaction. With a global presence and a strong commitment to excellence, Goldstone Technologies continues to drive digital transformation and provide innovative solutions that empower businesses to achieve their goals in the digital era.

AION-Tech Solutions Share Price

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Peer Comparison

AION-Tech Solutions 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	16	17	16	13	26	27	26	19	25	26
Other Income	2	0	0	0	0	0	0	0	0	0
Total Income	18	17	17	14	26	28	27	19	25	27
Total Expenditure	15	17	18	13	25	26	27	19	25	26
Operating Profit	3	0	-1	0	1	1	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0
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	2	-0	-1	0	1	1	-1	-0	-0	-0
Provision for Tax	1	0	-0	0	1	1	0	0	0	1
Profit After Tax	2	-0	-1	0	1	1	-1	-0	-0	-1
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	2	-0	-1	0	1	1	-1	-0	-0	-1
Adjusted Earnings Per Share	1	-0	-0.2	0	0.2	0.1	-0.2	-0.1	-0.1	-0.3

AION-Tech Solutions 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	74	74	70	52	37	36	42	43	50	61	93	96
Other Income	0	2	1	0	0	0	0	0	0	3	1	0
Total Income	74	75	71	52	38	36	42	43	50	64	94	98
Total Expenditure	64	67	64	52	38	35	41	42	50	62	91	97
Operating Profit	10	8	7	-0	-1	1	1	1	0	1	3	0
Interest	1	0	0	0	0	0	0	0	0	0	1	0
Depreciation	2	5	5	5	0	0	0	0	0	0	1	0
Exceptional Income / Expenses	0	-0	-0	-0	0	0	0	0	0	0	0	0
Profit Before Tax	7	3	2	-5	-1	0	0	0	-0	1	2	-1
Provision for Tax	3	1	4	-4	-1	-1	1	0	0	0	1	1
Profit After Tax	5	2	-3	-1	-0	2	-1	-0	-1	1	0	-2
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	5	2	-3	-1	-0	2	-1	-0	-1	1	0	-2
Adjusted Earnings Per Share	2.4	1	-1.5	-0.6	-0.1	0.8	-0.5	-0.1	-0.3	0.1	0.1	-0.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	52%	29%	21%	2%
Operating Profit CAGR	200%	44%	25%	-11%
PAT CAGR	-100%	0%	-100%	-100%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	111%	130%	58%	38%
ROE Average	1%	0%	-0%	0%
ROCE Average	3%	2%	1%	2%

AION-Tech Solutions 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	72	74	69	68	41	43	44	45	44	68	69
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	1	1	4	1	12	3	4	4	4	4	8
Total Current Liabilities	36	24	25	22	10	11	12	16	11	17	21
Total Liabilities	108	98	98	91	63	57	59	65	59	88	98
Fixed Assets	32	41	34	30	20	19	20	19	19	19	26
Other Non-Current Assets	26	28	30	32	0	0	0	0	0	0	7
Total Current Assets	50	30	33	28	43	38	40	46	40	68	65
Total Assets	108	98	98	91	63	57	59	65	59	88	98

AION-Tech Solutions 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	4	14	11	17	17	15	6	5	3	2	1
Cash Flow from Operating Activities	12	15	10	2	-4	-9	-0	-3	2	8	-11
Cash Flow from Investing Activities	-0	-11	-0	0	0	-0	-0	0	0	-35	4
Cash Flow from Financing Activities	-2	-7	-4	-2	1	0	-0	1	-4	26	6
Net Cash Inflow / Outflow	10	-3	6	0	-2	-9	-1	-1	-2	-1	0
Closing Cash & Cash Equivalent	14	11	17	17	15	6	5	3	2	1	1

AION-Tech Solutions 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)	2.44	1.05	-1.45	-0.64	-0.06	0.81	-0.47	-0.07	-0.31	0.15	0.13
CEPS(Rs)	3.35	3.58	1.09	1.82	0.16	1.01	-0.27	0.11	-0.13	0.26	0.37
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	38.25	39.29	36.6	35.97	22.06	22.98	23.17	23.78	23.37	19.52	19.98
Core EBITDA Margin(%)	13.04	9.01	7.84	-0.72	-3.4	1.68	1.37	1.61	0.12	-2.2	2
EBIT Margin(%)	11.05	4.97	2.39	-9.1	-3.49	1.39	1.09	0.94	0.25	1.66	2.34
Pre Tax Margin(%)	9.7	4.3	2.24	-9.59	-3.72	0.49	0.34	0.17	-0.22	1.41	1.75
PAT Margin (%)	6.22	2.67	-3.91	-2.3	-0.3	4.27	-2.11	-0.3	-1.15	0.83	0.49
Cash Profit Margin (%)	8.56	9.14	2.92	6.56	0.79	5.33	-1.22	0.48	-0.48	1.46	1.37
ROA(%)	4.42	1.9	-2.78	-1.27	-0.14	2.53	-1.5	-0.21	-0.92	0.69	0.49
ROE(%)	6.58	2.7	-3.83	-1.75	-0.2	3.6	-2.02	-0.29	-1.29	0.91	0.67
ROCE(%)	10.8	4.43	1.98	-5.88	-2.12	1.12	1	0.85	0.27	1.76	2.97
Receivable days	94.64	73.74	59.69	58.76	59.42	72.26	73.34	87.72	79.96	69.47	72.07
Inventory Days	62.28	0	0	0	0	0	0	0	0	0	0
Payable days	2497.41	2609.81	659.71	433.28	388.52	289.18	141.02	132.54	99.23	75.05	50.04
PER(x)	2.07	3.53	0	0	0	15.77	0	0	0	529.95	346.47
Price/Book(x)	0.13	0.09	0.14	0.13	0.52	0.56	0.55	0.3	0.37	3.99	2.29
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.02	0.13	0.08	0.07	0.22	0.56	0.51	0.33	0.29	3.94	1.59
EV/Core EBITDA(x)	0.15	1.15	0.88	-33.09	-9.02	22.72	25.67	19.18	31.46	172.59	49.26
Net Sales Growth(%)	8.58	0.11	-5.34	-25.44	-28.5	-4.19	16.67	2.92	16.94	21.82	52.59
EBIT Growth(%)	65.12	-54.97	-54.42	-383.59	72.59	138.09	-8.3	-11.26	-68.91	710.4	114.81
PAT Growth(%)	65.11	-57.1	-238.91	56.18	90.8	1482.73	-157.66	85.4	-347.66	188.66	-10.24
EPS Growth(%)	65.11	-57.1	-238.9	56.18	90.8	1482.7	-157.66	85.39	-347.36	148.15	-10.21
Debt/Equity(x)	0.09	0.18	0.19	0.17	0.03	0.05	0.05	0.09	0	0.06	0.09
Current Ratio(x)	1.41	1.26	1.33	1.29	4.47	3.49	3.4	2.84	3.54	4.14	3.09
Quick Ratio(x)	1.06	1.26	1.33	1.29	4.47	3.49	3.4	2.84	3.54	4.14	3.09
Interest Cover(x)	8.18	7.39	15.83	-18.71	-15.44	1.54	1.46	1.21	0.53	6.66	3.99
Total Debt/Mcap(x)	0.66	1.95	1.29	1.32	0.06	0.09	0.09	0.3	0.01	0.01	0.04

AION-Tech Solutions Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	53.89	53.89	53.89	53.89	53.89	53.89	53.89	53.89	53.89	53.89
FII	0	0.1	0	0	0	0	0	0.01	0	0
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Public	46.11	46.01	46.11	46.11	46.11	46.11	46.11	46.1	46.1	46.11
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	1.86	1.86	1.86	1.86	1.86	1.86	1.86	1.86	1.86	1.86
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59
Others	0	0	0	0	0	0	0	0	0	0
Total	3.46	3.46	3.46	3.46	3.46	3.46	3.46	3.46	3.46	3.46

Pros

Debtor days have improved from 75.05 to 50.04days.
Company is almost debt free.

Cons

Company has a low return on equity of 0% over the last 3 years.
Stock is trading at 6.5 times its book value.
The company has delivered a poor profit growth of -100% over past five 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.