Innovana Thinklabs

₹552.1 0 | 0%

WEBSITE BSE:0 NSE : 17 May, 00:00

Market Cap ₹1132 Cr.

Stock P/E 27.4

P/B 7.4

Current Price ₹552.1

Book Value ₹ 74.5

Face Value 10

52W High ₹800

Dividend Yield 0.05%

52W Low ₹ 283

Edit Ratio

Innovana Thinklabs Research see more...

Overview Inc. Year: 2015Industry: IT - Software

Innovana Thinklabs Ltd is an India-based business enterprise that is engaged in software and application development business. The Company designs, develops and continues software program systems and applications. The Company's software program and packages for Windows includes Ad-Blocker and Driver Updater. Its software and alertness for Mac includes AdBlock Pro, eSecure, Disk Cleanup Pro, File Helper, Duplicates Cleaner, Disk Reviver, Memory Optimizer Pro, History Fixer, Mac Space Reviver, Mac File Opener, Power Widget and Privacy Protector. Its software program and alertness for Android consists of FreeUpSpace, Duplicate Photos Cleaner and Resize Photos. Its software program and application for iOS includes Compress Photos, Space Reviver and Similar Selfie Cleaner. The Company also develops programs and software, along with Advance identification Protector, Malware Protection, Disk Speedup, Systems Boost and Web Protection.

Innovana Thinklabs Share Price

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Peer Comparison

Innovana Thinklabs Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	14	15	24	26	28	25	26	22
Other Income	3	2	0	1	2	4	4	4
Total Income	17	17	24	28	30	30	30	26
Total Expenditure	11	11	12	15	14	14	13	14
Operating Profit	6	7	13	13	15	16	17	12
Interest	0	0	0	0	0	0	1	1
Depreciation	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	5	5	11	11	14	14	15	10
Provision for Tax	1	2	1	1	4	3	4	1
Profit After Tax	3	3	11	10	10	11	11	9
Adjustments	0	-0	0	-0	-0	-0	-0	0
Profit After Adjustments	3	3	11	10	10	11	11	9
Adjusted Earnings Per Share	1.7	1.4	5.2	4.9	4.9	5.4	5.5	4.3

Innovana Thinklabs Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	16	31	45	64	57	58	79	101
Other Income	0	0	1	3	4	4	7	14
Total Income	16	31	47	67	61	62	86	116
Total Expenditure	14	20	31	40	40	32	48	55
Operating Profit	1	11	16	27	20	30	38	60
Interest	0	0	0	0	0	1	1	2
Depreciation	0	0	1	1	1	3	4	4
Exceptional Income / Expenses	0	-0	0	0	0	0	0	0
Profit Before Tax	1	11	14	26	19	26	33	53
Provision for Tax	0	3	3	4	3	5	5	12
Profit After Tax	1	8	11	22	16	21	27	41
Adjustments	0	0	0	-1	0	-1	-0	0
Profit After Adjustments	1	8	11	21	16	21	27	41
Adjusted Earnings Per Share	0.9	3.7	5.2	10.3	7.7	10.1	13.1	20.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	36%	7%	21%	0%
Operating Profit CAGR	27%	12%	28%	0%
PAT CAGR	29%	7%	28%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	83%	91%	47%	NA%
ROE Average	28%	28%	37%	44%
ROCE Average	34%	34%	45%	52%

Innovana Thinklabs Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1	18	29	50	66	86	111
Minority's Interest	0	0	0	0	0	0	0
Borrowings	2	0	1	1	1	0	0
Other Non-Current Liabilities	0	0	0	0	1	17	12
Total Current Liabilities	3	12	43	72	69	61	54
Total Liabilities	6	30	72	122	137	164	177
Fixed Assets	1	9	13	12	14	28	27
Other Non-Current Assets	4	2	28	48	44	61	107
Total Current Assets	2	19	31	63	79	75	43
Total Assets	6	30	72	122	137	164	177

Innovana Thinklabs Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	6	15	39	47	52
Cash Flow from Operating Activities	2	6	39	37	14	-4	4
Cash Flow from Investing Activities	-4	-7	-30	-19	-8	-14	-47
Cash Flow from Financing Activities	2	7	0	6	2	23	-5
Net Cash Inflow / Outflow	-0	5	9	24	8	5	-48
Closing Cash & Cash Equivalent	1	6	15	39	47	52	4

Innovana Thinklabs Ratios

#	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.9	3.69	5.21	10.26	7.74	10.14	13.12
CEPS(Rs)	1.17	3.89	5.89	11.25	8.14	11.79	15.3
DPS(Rs)	0	0	0	0	1.25	1.5	0.25
Book NAV/Share(Rs)	1.87	8.9	14.16	24.33	32.41	42.01	54.25
Core EBITDA Margin(%)	7.95	35.55	31.23	37.65	28.47	44.61	39.21
EBIT Margin(%)	8.29	34.8	31.41	40.48	33.55	47.45	42.96
Pre Tax Margin(%)	7.47	34.53	31.09	40.37	33.32	45.73	41.36
PAT Margin (%)	4.64	24.56	23.64	33.83	27.48	37.28	34.6
Cash Profit Margin (%)	6.02	25.84	26.74	35.87	29.48	41.97	39.6
ROA(%)	11.53	41.26	20.8	22.36	11.98	14.27	16.08
ROE(%)	48.03	76.69	45.15	55.14	26.74	28.14	27.77
ROCE(%)	37.11	98.47	59.17	65.06	32.27	34.82	33.64
Receivable days	0	0.1	0.06	0	1.1	7.04	25.91
Inventory Days	0	0	0	0	42.81	44.03	39.71
Payable days	61.11	159.77	149.3	257.53	1214.87	811.56	467.81
PER(x)	0	12.78	14.79	3.56	6.37	22.44	23.7
Price/Book(x)	0	5.3	5.44	1.5	1.52	5.41	5.73
Dividend Yield(%)	0	0	0	0	1.27	0.33	0.08
EV/Net Sales(x)	0.09	2.94	3.17	0.56	0.97	7.25	8.01
EV/Core EBITDA(x)	0.95	7.93	9.19	1.32	2.73	13.91	16.7
Net Sales Growth(%)	0	98.81	46.41	42.47	-11.98	1.74	37.52
EBIT Growth(%)	0	735.04	32.11	83.64	-27.05	43.88	24.5
PAT Growth(%)	0	952.12	40.93	103.82	-28.51	38.04	27.64
EPS Growth(%)	0	310.58	40.93	97.09	-24.56	31	29.41
Debt/Equity(x)	1.31	0	0.02	0.01	0.01	0.04	0.01
Current Ratio(x)	0.7	1.55	0.72	0.87	1.15	1.23	0.8
Quick Ratio(x)	0.7	1.55	0.72	0.87	1.05	1.11	0.62
Interest Cover(x)	10.17	127.98	99.08	375.02	144.38	27.61	26.81
Total Debt/Mcap(x)	0	0	0	0.01	0.01	0.01	0

Innovana Thinklabs Shareholding Pattern

#	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Promoter	73.17	73.17	73.17	73.17	73.17	73.17	73.19	73.19	73.23	73.23
FII	0	0	0	0	0	0.1	0.1	0.06	0.13	0.14
DII	0	0.15	0.15	0.15	0.15	0	0	0	0	0
Public	26.83	26.68	26.68	26.68	26.68	26.73	26.71	26.75	26.64	26.63
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Promoter	0.3	0.75	0.75	0.75	0.75	0.75	0.75	1.5	1.5	1.5
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.11	0.27	0.27	0.27	0.27	0.27	0.27	0.55	0.55	0.55
Others	0	0	0	0	0	0	0	0	0	0
Total	0.41	1.03	1.03	1.03	1.03	1.03	1.03	2.05	2.05	2.05

Pros

Company has delivered good profit growth of 27% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28%
Debtor days have improved from 811.56 to 467.81days.
Company is almost debt free.

Cons

Stock is trading at 7.4 times its book value.

* 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.