Saksoft

₹280 4.1 | 1.5%

WEBSITE BSE:590051 NSE : SAKSOFT LTD 18 May, 12:50

Market Cap ₹2967 Cr.

Stock P/E 28.7

P/B 6.2

Current Price ₹280

Book Value ₹ 45.1

Face Value 1

52W High ₹399.4

Dividend Yield 0.25%

52W Low ₹ 208.1

Edit Ratio

Saksoft Research see more...

Overview Inc. Year: 1999Industry: IT - Software

Saksoft Ltd is an IT company that gives business intelligence, testing and software solutionns across a number of industries and verticals. The Company gives various software solutions, inclusive of records control strategy, consulting, layout, custom application development, reporting as a managed provider, business intelligence and data warehouse services, systems integration, implementation, assurance and placement offerings. Its testing services encompass component and unit testing, database and platform testing, system testing, and usefulness and content testing. Its cloud services consist of infrastructure as a carrier and software as a service. Its software services include business enterprise mobility offerings and application server migration. The Company affords services across verticals, together with banking, insurance, public region, education, car and technology. It has operations in India, the UK, America and Singapore.

Saksoft Share Price

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Peer Comparison

Saksoft 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	115	124	139	148	164	172	182	183	190	193
Other Income	-0	1	3	3	3	2	1	2	2	1
Total Income	115	125	142	151	167	174	183	185	192	194
Total Expenditure	95	102	117	126	138	144	150	149	155	160
Operating Profit	19	23	25	26	29	30	33	36	38	34
Interest	1	1	1	0	1	1	1	1	1	1
Depreciation	2	2	2	2	2	3	3	3	3	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	17	20	22	23	26	27	30	33	34	30
Provision for Tax	4	5	5	5	7	7	5	8	9	8
Profit After Tax	13	15	18	18	19	20	25	25	25	23
Adjustments	0	0	0	0	0	-0	-0	0	0	-0
Profit After Adjustments	13	15	18	18	19	20	25	25	25	23
Adjusted Earnings Per Share	1.3	1.5	1.8	1.8	1.8	2	2.5	2.5	2.5	2.2

Saksoft 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	159	224	231	244	260	286	358	359	386	480	666	748
Other Income	1	1	2	2	2	2	2	4	4	11	9	6
Total Income	160	225	234	246	261	288	360	363	390	492	675	754
Total Expenditure	142	201	205	208	227	246	299	298	321	401	557	614
Operating Profit	18	25	28	38	35	42	61	65	69	90	118	141
Interest	4	4	4	4	5	5	5	5	3	3	2	4
Depreciation	1	2	1	1	1	3	4	7	7	7	10	12
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	12	19	23	33	29	34	52	53	58	80	105	127
Provision for Tax	1	4	5	11	9	9	14	14	13	17	23	30
Profit After Tax	11	15	17	22	20	24	38	39	45	63	82	98
Adjustments	0	0	-1	-3	-3	-3	-2	-0	0	0	0	0
Profit After Adjustments	11	15	17	18	17	22	36	38	45	63	82	98
Adjusted Earnings Per Share	1.1	1.5	1.6	1.8	1.6	2.2	3.7	3.9	4.6	6.3	8.2	9.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	39%	23%	18%	15%
Operating Profit CAGR	31%	22%	23%	21%
PAT CAGR	30%	28%	28%	22%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	33%	79%	60%	44%
ROE Average	23%	22%	22%	19%
ROCE Average	30%	27%	27%	23%

Saksoft 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	75	104	111	129	125	148	175	206	259	318	405
Minority's Interest	0	0	2	3	6	6	5	0	0	0	0
Borrowings	43	27	30	32	41	38	32	25	20	4	0
Other Non-Current Liabilities	-0	-0	-1	-1	2	8	2	6	6	18	15
Total Current Liabilities	47	58	73	62	50	62	63	64	75	116	141
Total Liabilities	164	189	215	226	224	262	277	300	361	457	561
Fixed Assets	92	110	122	126	127	149	142	151	159	196	218
Other Non-Current Assets	1	1	2	1	2	2	2	3	10	9	17
Total Current Assets	72	78	91	99	95	110	133	147	191	252	325
Total Assets	164	189	215	226	224	262	277	300	361	457	561

Saksoft 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	13	9	9	15	20	22	30	40	43	90	74
Cash Flow from Operating Activities	7	26	22	26	21	30	27	56	70	70	84
Cash Flow from Investing Activities	-8	-20	-12	-6	-21	-14	-2	-26	-11	-63	-59
Cash Flow from Financing Activities	-3	-23	4	-17	2	-8	-14	-28	-11	-24	-11
Net Cash Inflow / Outflow	-4	-17	13	2	2	8	10	3	47	-16	14
Closing Cash & Cash Equivalent	9	9	15	20	22	30	40	43	90	74	88

Saksoft 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)	1.07	1.46	1.61	1.78	1.64	2.2	3.67	3.87	4.56	6.32	8.17
CEPS(Rs)	1.21	1.62	1.8	2.19	2.05	2.74	4.27	4.62	5.23	7.02	9.16
DPS(Rs)	0.2	0.25	0.25	0.3	0.3	0.35	0.4	0.45	0.5	0.6	0.7
Book NAV/Share(Rs)	7.34	10.15	10.68	12.41	11.81	14.73	17.45	20.58	25.85	31.63	39.96
Core EBITDA Margin(%)	10.86	10.46	11.27	14.85	12.68	13.85	16.52	17.01	16.7	16.45	16.25
EBIT Margin(%)	10.45	10.21	11.63	15.32	12.92	13.65	15.94	16.07	16.03	17.31	16.17
Pre Tax Margin(%)	7.79	8.44	9.81	13.55	11.13	11.83	14.6	14.63	15.14	16.73	15.84
PAT Margin (%)	6.86	6.66	7.51	8.93	7.74	8.54	10.67	10.77	11.78	13.17	12.32
Cash Profit Margin (%)	7.75	7.39	8.07	9.35	8.25	9.54	11.86	12.8	13.51	14.61	13.81
ROA(%)	7.19	8.46	8.61	9.89	8.94	10.06	14.19	13.39	13.75	15.48	16.11
ROE(%)	15.53	16.74	16.19	18.17	15.92	18.08	23.89	20.44	19.67	22.05	22.85
ROCE(%)	14.03	17.62	18.54	23.37	19.86	21.17	27.66	25.57	23.76	27.34	29.6
Receivable days	84.26	79.96	81.73	77.89	70.55	69.68	62.89	67.38	62.4	64.8	61.04
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	3.27	4.56	8.68	12.73	15.29	10.1	7.66	3.49	7.9	14.16	17.74
Price/Book(x)	0.48	0.66	1.31	1.82	2.12	1.51	1.61	0.66	1.39	2.83	3.63
Dividend Yield(%)	5.71	3.76	1.79	1.33	1.2	1.58	1.42	3.33	1.39	0.67	0.48
EV/Net Sales(x)	0.48	0.41	0.75	1.03	1.1	0.84	0.78	0.33	0.77	1.68	1.97
EV/Core EBITDA(x)	4.2	3.71	6.13	6.55	8.21	5.7	4.57	1.84	4.31	8.94	11.15
Net Sales Growth(%)	29.47	41.14	3.13	5.33	6.47	10.16	25.25	0.21	7.53	24.53	38.54
EBIT Growth(%)	31.63	37.94	17.42	38.75	-10.2	16.42	46.22	1	7.26	34.49	29.41
PAT Growth(%)	55.41	37.01	16.28	25.34	-7.72	21.47	56.54	1.15	17.58	39.21	29.58
EPS Growth(%)	55.41	36.07	10.46	10.18	-7.96	34.29	66.96	5.48	18.01	38.53	29.2
Debt/Equity(x)	0.66	0.31	0.39	0.28	0.38	0.33	0.24	0.14	0.1	0.01	0
Current Ratio(x)	1.52	1.35	1.24	1.58	1.9	1.77	2.1	2.31	2.53	2.17	2.31
Quick Ratio(x)	1.52	1.35	1.24	1.58	1.9	1.77	2.1	2.31	2.53	2.17	2.31
Interest Cover(x)	3.92	5.77	6.39	8.64	7.21	7.49	11.88	11.21	17.97	29.95	49.32
Total Debt/Mcap(x)	1.38	0.47	0.3	0.16	0.18	0.21	0.14	0.2	0.07	0	0

Saksoft Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	68.31	68.31	68.31	68.15	68.12	66.86	66.86	66.66	66.64	66.64
FII	3.69	3.87	3.7	3.83	3.7	4.76	4.72	3.96	3.93	4
DII	0.36	0.36	0.36	0.28	0.33	0.37	0	0	0.03	0
Public	27.64	27.46	27.63	27.74	27.85	28.02	28.42	29.38	29.4	29.36
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	0.72	0.72	0.72	7.2	7.2	7.07	7.07	7.07	7.07	7.07
FII	0.04	0.04	0.04	0.4	0.39	0.5	0.5	0.42	0.42	0.42
DII	0	0	0	0.03	0.04	0.04	0	0	0	0
Public	0.29	0.29	0.29	2.93	2.94	2.96	3	3.11	3.12	3.11
Others	0	0	0	0	0	0	0	0	0	0
Total	1.05	1.05	1.05	10.56	10.57	10.57	10.57	10.6	10.6	10.6

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 22%
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 6.2 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.