Intellect Design

₹874.4 -148.8 | 14.5%

WEBSITE BSE:538835 NSE : INTELLECT 10 May, 16:01

Market Cap ₹11968 Cr.

Stock P/E 37.2

P/B 4.9

Current Price ₹874.4

Book Value ₹ 178.2

Face Value 5

52W High ₹1198.8

Dividend Yield 0.4%

52W Low ₹ 457.6

Edit Ratio

Intellect Design Research see more...

Equity Research: Intellect Design Arena

Overview Inc. Year: 2011Industry: IT - Software

Intellect Design Arena Ltd, previously Fin Tech Grid Ltd, is a holding company. The Company is engaged inside the enterprise of software program development, and supplying software program product license and related services. Its geographical segments include India, Asia Pacific; Europe, America, and Middle East & Africa. The Company has a portfolio of merchandise throughout Central Banking, Risk and Treasury Management, Global Consumer Banking, Global Transaction Banking and Insurance. Its Global Consumer Banking merchandise consists of Digital Core, a Web-enabled banking software program; Lending, a loan control system that helps all of the financial facilities for the bank for marketplace segments, from retail to corporate; Wealth, an integrated front, middle and back-office solution for private banks, broker dealers and independent financial advisors, wealth management firms, advisory companies, and Quantum Central Banking Solution, for the requirements of central banks with technology frameworks.

Intellect Design Share Price

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Peer Comparison

Intellect Design Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	508	509	541	528	547	615	639	619	634	614
Other Income	11	13	10	11	20	11	12	13	20	17
Total Income	519	523	551	538	567	627	651	632	654	631
Total Expenditure	375	389	424	444	450	479	492	497	503	477
Operating Profit	144	134	127	95	117	148	160	135	151	153
Interest	1	1	1	1	1	0	1	1	1	1
Depreciation	25	26	28	29	31	33	34	34	34	35
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	118	106	97	65	85	115	125	100	116	117
Provision for Tax	14	24	24	16	22	33	33	26	31	49
Profit After Tax	104	82	73	48	63	82	92	74	85	68
Adjustments	-4	13	-4	-3	-1	8	1	-4	-1	5
Profit After Adjustments	101	95	69	46	62	91	93	70	84	73
Adjusted Earnings Per Share	7.5	7.1	5.1	3.4	4.6	6.7	6.9	5.2	6.2	5.3

Intellect Design Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	609	811	914	1087	1450	1347	1497	1878	2231	2506
Other Income	28	26	34	27	63	26	13	41	51	62
Total Income	636	836	948	1114	1512	1373	1510	1919	2283	2568
Total Expenditure	689	847	937	1012	1317	1271	1139	1403	1793	1969
Operating Profit	-52	-11	11	102	195	102	371	516	490	599
Interest	1	2	13	17	16	22	13	7	7	4
Depreciation	19	21	24	27	42	69	77	98	122	137
Exceptional Income / Expenses	-10	0	0	0	0	6	0	0	0	0
Profit Before Tax	-82	-33	-20	64	140	23	290	413	363	458
Provision for Tax	2	-9	3	7	9	5	25	63	95	139
Profit After Tax	-84	-23	-22	57	131	18	265	350	269	319
Adjustments	1	0	0	-10	0	-2	-2	-1	-1	1
Profit After Adjustments	-83	-23	-22	47	131	16	263	349	267	320
Adjusted Earnings Per Share	-7.8	-2.2	-2.1	3.7	10	1.2	19.8	25.9	19.7	23.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	19%	18%	15%	0%
Operating Profit CAGR	-5%	69%	37%	0%
PAT CAGR	-23%	146%	36%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	91%	2%	31%	NA%
ROE Average	15%	20%	15%	7%
ROCE Average	19%	22%	17%	8%

Intellect Design Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	619	611	598	802	1020	1045	1393	1809	2058
Minority's Interest	0	0	0	10	9	12	12	13	11
Borrowings	0	0	56	90	64	35	8	0	0
Other Non-Current Liabilities	6	-9	-11	-15	-42	3	-60	-51	-15
Total Current Liabilities	305	398	530	459	536	730	611	764	800
Total Liabilities	931	1000	1173	1346	1587	1825	1963	2534	2854
Fixed Assets	213	258	278	274	334	368	397	433	493
Other Non-Current Assets	150	196	271	374	428	505	522	686	960
Total Current Assets	568	546	624	698	825	951	1045	1415	1402
Total Assets	931	1000	1173	1346	1587	1825	1963	2534	2854

Intellect Design Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	98	45	23	61	75	100	145	146
Cash Flow from Operating Activities	-18	-101	-65	49	-50	44	463	453	174
Cash Flow from Investing Activities	85	31	-109	-149	1	-100	-190	-399	-177
Cash Flow from Financing Activities	-8	16	146	143	63	80	-225	-52	-50
Net Cash Inflow / Outflow	59	-53	-28	42	14	24	48	2	-53
Closing Cash & Cash Equivalent	106	45	23	61	75	100	145	146	94

Intellect Design Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-7.76	-2.18	-2.06	3.72	9.96	1.21	19.76	25.94	19.69
CEPS(Rs)	-6.09	-0.26	0.16	6.63	13.11	6.54	25.67	33.3	28.74
DPS(Rs)	0	0	0	0	0	0	0	2.5	2.5
Book NAV/Share(Rs)	57.9	55.11	53.02	61.58	75.35	75.73	100.02	127.89	143.27
Core EBITDA Margin(%)	-13.12	-4.48	-2.56	6.91	9.11	5.6	23.95	25.29	19.65
EBIT Margin(%)	-13.32	-3.74	-0.75	7.38	10.78	3.32	20.24	22.39	16.58
Pre Tax Margin(%)	-13.53	-4.01	-2.14	5.86	9.67	1.69	19.37	22	16.28
PAT Margin (%)	-13.82	-2.89	-2.45	5.22	9.06	1.31	17.67	18.66	12.04
Cash Profit Margin (%)	-10.7	-0.35	0.19	7.66	11.92	6.43	22.8	23.85	17.48
ROA(%)	-9.04	-2.43	-2.06	4.5	8.95	1.03	13.97	15.58	9.97
ROE(%)	-13.59	-3.87	-3.83	8.41	14.87	1.77	22.69	22.97	14.66
ROCE(%)	-12.94	-4.81	-0.94	8.96	14.78	3.65	22.08	25.85	19.13
Receivable days	100.18	71.63	71.1	74.86	55.89	66.05	57.46	43.14	55.04
Inventory Days	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	44.29	20.44	45.27	37.43	36.52	20.87
Price/Book(x)	1.73	3.83	2.03	2.68	2.7	0.72	7.39	7.41	2.87
Dividend Yield(%)	0	0	0	0	0	0	0	0.26	0.61
EV/Net Sales(x)	1.6	2.77	1.41	1.92	1.89	0.65	6.5	6.7	2.46
EV/Core EBITDA(x)	-18.65	-212.91	119.98	20.52	14.03	8.57	26.21	24.42	11.19
Net Sales Growth(%)	0	33.17	12.7	19.01	33.32	-7.08	11.18	25.42	18.8
EBIT Growth(%)	0	62.58	77.41	1270.89	94.58	-71.37	577.55	38.73	-12.03
PAT Growth(%)	0	72.12	4.54	353.33	131.46	-86.56	1399.69	32.42	-23.36
EPS Growth(%)	0	71.91	5.44	280.55	167.61	-87.87	1535.43	31.29	-24.11
Debt/Equity(x)	0.01	0.04	0.4	0.21	0.13	0.26	0.04	0	0
Current Ratio(x)	1.86	1.37	1.18	1.52	1.54	1.3	1.71	1.85	1.75
Quick Ratio(x)	1.86	1.37	1.18	1.52	1.54	1.3	1.71	1.85	1.75
Interest Cover(x)	-64.23	-14.05	-0.54	4.85	9.75	2.03	23.35	57.94	56.88
Total Debt/Mcap(x)	0.01	0.01	0.2	0.08	0.05	0.35	0.01	0	0

Intellect Design Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	30.91	30.86	30.76	30.66	30.64	30.6	30.5	30.42	30.38	30.35
FII	25.96	25.42	24.6	24.49	22.21	22.31	23.03	24.39	25.09	27.85
DII	2.11	2.61	2.5	2.17	4.44	4.45	4.91	3.9	3.85	3.79
Public	41.02	41.11	42.14	42.68	42.71	42.64	41.55	41.29	40.68	38.01
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	4.15	4.15	4.15	4.15	4.15	4.15	4.15	4.15	4.15	4.15
FII	3.49	3.42	3.32	3.32	3.01	3.03	3.14	3.33	3.43	3.81
DII	0.28	0.35	0.34	0.29	0.6	0.6	0.67	0.53	0.53	0.52
Public	5.51	5.53	5.69	5.78	5.79	5.79	5.66	5.64	5.56	5.2
Others	0	0	0	0	0	0	0	0	0	0
Total	13.43	13.46	13.5	13.54	13.55	13.57	13.61	13.65	13.67	13.68

Pros

Company has delivered good profit growth of 36% CAGR over last 5 years
Company is almost debt free.

Cons

Promoter holding is low: 30.35%.
Stock is trading at 4.9 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.