Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 19 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 526881 | NSE: 63MOONS

63 Moons Technologies Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 4:24 pm

Market Cap 2,637 Cr.
Current Price 572
High / Low691/314
Stock P/E40.1
Book Value 720
Dividend Yield0.35 %
ROCE6.70 %
ROE6.49 %
Face Value 2.00
PEG Ratio0.33

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for 63 Moons Technologies Ltd

Competitors of 63 Moons Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IDream Film Infrastructure Company Ltd 1.41 Cr. 93.899.0/85.0 2950.00 %%% 10.0
IB Infotech Enterprises Ltd 25.4 Cr. 198245/11033.4 16.80.50 %69.9 %50.5 % 10.0
Hit Kit Global Solutions Ltd 6.54 Cr. 1.411.41/0.5820.4 2.080.00 %1.92 %1.94 % 2.00
Globalspace Technologies Ltd 61.6 Cr. 17.927.0/16.2187 11.20.00 %%% 10.0
First Fintec Ltd 8.92 Cr. 8.5810.9/4.51 10.20.00 %2.41 %1.77 % 10.0
Industry Average39,205.32 Cr695.0389.79121.930.66%18.15%18.84%6.90

All Competitor Stocks of 63 Moons Technologies Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales383940424144931121151591613839
Expenses646471788076788389919510089
Operating Profit-26-24-31-36-39-311528266865-62-51
OPM %-68%-62%-76%-84%-94%-70%16%25%23%43%41%-166%-131%
Other Income18-111632302126-73336423749
Interest0000000000000
Depreciation33333331488888
Profit before tax-11-39-18-6-12-14387519699-33-10
Tax %2%-4%-3%42%1%-4%45%345%24%17%9%-110%11%
Net Profit-10-34-142-6-1420-263779894-11
EPS in Rs-2.16-7.39-2.960.97-0.84-2.314.77-5.168.5417.8820.121.74-1.86

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales501752568210205218322261212160160290546
Expenses508556677473454376396455361244277317359
Operating Profit-6196-109-263-250-158-74-194-150-84-117-27188
OPM %-1%26%-19%-126%-122%-73%-23%-74%-71%-52%-73%-9%34%
Other Income3302041,084828765274179200135415670104
Interest67988226432310411011
Depreciation32334345413330262519122337
Profit before tax2252698504934326165-24-40-62-7420254
Tax %28%53%6%13%24%62%82%-47%-17%-3%-1%212%
Net Profit2662298654263282312-35-46-63-56-27180
EPS in Rs57.3049.36188.7092.6171.085.022.62-7.65-9.99-13.74-11.54-3.5441.38
Dividend Payout %14%16%4%18%7%40%76%-26%-20%-15%0%-57%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-13.91%277.73%-50.75%-23.00%-92.99%-47.83%-391.67%-31.43%-36.96%11.11%51.79%
Change in YoY Net Profit Growth (%)0.00%291.64%-328.48%27.75%-69.98%45.16%-343.84%360.24%-5.53%48.07%40.67%

63 Moons Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-2%
5 Years:13%
3 Years:43%
TTM:-42%
Compounded Profit Growth
10 Years:15%
5 Years:52%
3 Years:148%
TTM:-48%
Stock Price CAGR
10 Years:12%
5 Years:40%
3 Years:68%
1 Year:60%
Return on Equity
10 Years:-1%
5 Years:0%
3 Years:1%
Last Year:6%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:48 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital9999999999999
Reserves1,8062,5522,9193,1323,1573,1943,1683,1223,0823,0873,1063,3383,309
Borrowings1,4644954865094981014000457
Other Liabilities1,408529548327311287275268251272347293301
Total Liabilities4,6873,5853,9623,9773,9753,5913,4573,4003,3423,3683,4663,6453,626
Fixed Assets526532457286382362364381364382387369361
CWIP0400030000010
Investments1,9671,1662,0082,4282,2071,5421,016898859796658642658
Other Assets2,1931,8821,4971,2631,3861,6832,0772,1212,1202,1902,4212,6332,606
Total Assets4,6873,5853,9623,9773,9753,5913,4573,4003,3423,3683,4663,6453,626

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +160-384-81-159-113-60-55-64-36-1027147
Cash from Investing Activity +-3491,855-119189246759-157466075-68-100
Cash from Financing Activity +23-1,182-40-74-23-411-116-2-0811922
Net Cash Flow-166289-239-43110288-328-21245421-31

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-6.00195.00-604.00-749.00-759.00-656.00-175.00-198.00-150.00-84.00-117.00-31.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days2048776667751988192925635
Inventory Days
Days Payable
Cash Conversion Cycle2048776667751988192925635
Working Capital Days-15221138385-165328357337326296102120
ROCE %10%-3%-8%-4%2%3%-1%-1%-0%-2%2%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters45.63%45.63%45.63%45.63%45.63%45.63%45.63%45.63%45.63%45.63%45.63%45.63%
FIIs4.93%5.12%5.40%5.60%5.61%5.21%3.71%5.16%8.02%6.49%4.35%4.12%
DIIs0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.09%
Public49.32%49.13%48.85%48.65%48.64%49.04%50.55%49.07%46.23%47.75%49.89%50.15%
No. of Shareholders44,12045,43547,90547,09046,03345,30743,60042,90441,98847,12150,51151,235

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)48.29-3.54-11.54-13.77-9.99
Diluted EPS (Rs.)48.29-3.54-11.54-13.77-9.99
Cash EPS (Rs.)52.660.34-13.43-9.70-4.73
Book Value[Excl.RevalReserv]/Share (Rs.)720.10670.70667.83663.01679.88
Book Value[Incl.RevalReserv]/Share (Rs.)720.10670.70667.83663.01679.88
Revenue From Operations / Share (Rs.)102.4662.9534.7834.7745.95
PBDIT / Share (Rs.)53.2018.43-10.211.68-4.83
PBIT / Share (Rs.)46.6313.36-12.92-2.44-10.24
PBT / Share (Rs.)46.424.24-16.00-13.41-8.67
Net Profit / Share (Rs.)46.08-4.73-16.14-13.82-10.15
NP After MI And SOA / Share (Rs.)48.29-3.54-11.54-13.77-9.99
PBDIT Margin (%)51.9229.28-29.344.83-10.50
PBIT Margin (%)45.5121.21-37.13-7.02-22.29
PBT Margin (%)45.306.73-46.01-38.56-18.86
Net Profit Margin (%)44.97-7.52-46.40-39.74-22.08
NP After MI And SOA Margin (%)47.13-5.62-33.17-39.59-21.74
Return on Networth / Equity (%)6.64-0.52-1.71-2.07-1.46
Return on Capital Employeed (%)6.431.97-1.92-0.36-1.49
Return On Assets (%)6.10-0.47-1.57-1.89-1.35
Asset Turnover Ratio (%)0.130.080.040.040.04
Current Ratio (X)6.125.667.016.497.14
Quick Ratio (X)6.125.667.016.497.14
Dividend Payout Ratio (NP) (%)0.000.00-17.33-14.52-24.13
Dividend Payout Ratio (CP) (%)0.000.00-22.65-20.74-52.72
Earning Retention Ratio (%)0.000.00117.33114.52124.13
Cash Earning Retention Ratio (%)0.000.00122.65120.74152.72
Interest Coverage Ratio (X)252.46134.50-99.4414.75-28.84
Interest Coverage Ratio (Post Tax) (X)219.6731.96-127.17-25.05-70.06
Enterprise Value (Cr.)448.81-655.45-108.75-904.54-1010.55
EV / Net Operating Revenue (X)0.95-2.26-0.67-5.65-4.77
EV / EBITDA (X)1.83-7.722.31-116.6845.44
MarketCap / Net Operating Revenue (X)3.732.787.712.001.02
Retention Ratios (%)0.000.00117.33114.52124.13
Price / BV (X)0.520.250.390.100.06
Price / Net Operating Revenue (X)3.732.787.712.001.02
EarningsYield0.12-0.02-0.04-0.19-0.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of 63 Moons Technologies Ltd as of November 19, 2024 is: 1,880.35

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 19, 2024, 63 Moons Technologies Ltd is Undervalued by 228.73% compared to the current share price 572.00

Intrinsic Value of 63 Moons Technologies Ltd as of November 19, 2024 is: 4,150.07

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 19, 2024, 63 Moons Technologies Ltd is Undervalued by 625.54% compared to the current share price 572.00

Last 5 Year EPS CAGR: 120.71%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (2,997.85 cr) compared to borrowings (274.85 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (338.85 cr) and profit (189.92 cr) over the years.
  1. The stock has a low average ROCE of 0.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 202.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 84.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in 63 Moons Technologies Ltd:
    1. Net Profit Margin: 44.97%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 6.43% (Industry Average ROCE: 18.15%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 6.64% (Industry Average ROE: 18.84%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 219.67
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 6.12
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 40.1 (Industry average Stock P/E: 89.79)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

63 Moons Technologies Ltd. is a Public Limited Listed company incorporated on 12/04/1988 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L29142TN1988PLC015586 and registration number is 015586. Currently company belongs to the Industry of IT Consulting & Software. Company’s Total Operating Revenue is Rs. 144.39 Cr. and Equity Capital is Rs. 9.22 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareShakti Tower- II, 4th Floor, Premises-J, 766, Anna Salai, Chennai (Madras) Tamil Nadu 600002info@63moons.com
http://www.63moons.com
Management
NamePosition Held
Mr. Venkat CharyChairman & Non-Exe.Director
Mr. S RajendranManaging Director & CEO
Mr. Devendra AgrawalWholeTime Director & CFO
Mr. Sunil ShahNon Executive Director
Mr. Devender Singh RawatNon Executive Director
Mr. Kanekal ChandrasekharInd. Non-Executive Director
Justice(Retd) Deepak VermaInd. Non-Executive Director
Mr. Satyananda MishraGovernment Nominee Director
Mrs. Chitkala ZutshiInd. Non-Executive Director
Mr. Parveen Kumar GuptaGovernment Nominee Director
Dr. Malini Vijay ShankarGovernment Nominee Director

FAQ

What is the latest intrinsic value of 63 Moons Technologies Ltd?

The latest intrinsic value of 63 Moons Technologies Ltd as on 16 November 2024 is ₹1880.35, which is 228.73% higher than the current market price of ₹572.00.

What is the Market Cap of 63 Moons Technologies Ltd?

The Market Cap of 63 Moons Technologies Ltd is 2,637 Cr..

What is the current Stock Price of 63 Moons Technologies Ltd as on 16 November 2024?

The current stock price of 63 Moons Technologies Ltd as on 16 November 2024 is ₹572.

What is the High / Low of 63 Moons Technologies Ltd stocks in FY 2024?

In FY 2024, the High / Low of 63 Moons Technologies Ltd stocks is 691/314.

What is the Stock P/E of 63 Moons Technologies Ltd?

The Stock P/E of 63 Moons Technologies Ltd is 40.1.

What is the Book Value of 63 Moons Technologies Ltd?

The Book Value of 63 Moons Technologies Ltd is 720.

What is the Dividend Yield of 63 Moons Technologies Ltd?

The Dividend Yield of 63 Moons Technologies Ltd is 0.35 %.

What is the ROCE of 63 Moons Technologies Ltd?

The ROCE of 63 Moons Technologies Ltd is 6.70 %.

What is the ROE of 63 Moons Technologies Ltd?

The ROE of 63 Moons Technologies Ltd is 6.49 %.

What is the Face Value of 63 Moons Technologies Ltd?

The Face Value of 63 Moons Technologies Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in 63 Moons Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE