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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 526881 | NSE: 63MOONS

Fundamental Analysis of 63 Moons Technologies Ltd

About the Company - 63 Moons Technologies Ltd

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. Suresh SalviInd.Non Exe.Director&Chairman
Mr. Kanekal ChandrasekharInd.Non Exe.Director&Chairman
Mr. Devender Singh RawatNon Executive Director
Justice(Retd) Deepak VermaInd. Non-Executive Director
Mrs. Chitkala ZutshiInd. Non-Executive Director
Mr. Parveen Kumar GuptaGovernment Nominee Director
Dr. Malini V ShankarGovernment Nominee Director
Mr. Satyananda MishraGovernment Nominee Director

Basic Stock Data of 63 Moons Technologies Ltd

Last Updated: April 8, 2024, 3:54 pm

Market Cap 1,963 Cr.
Current Price 426
High / Low691/162
Stock P/E9.95
Book Value 704
Dividend Yield0.45 %
ROCE1.99 %
ROE1.43 %
Face Value 2.00
PEG Ratio0.08

Competitors of 63 Moons Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Trigyn Technologies Ltd 340 Cr. 110168/92.196.6 2310.00 %9.28 %5.38 % 10.0
Tera Software Ltd 80.2 Cr. 64.182.5/39.619.0 89.90.00 %%% 10.0
Nucleus Software Exports Ltd 3,655 Cr. 1,3651,830/91019.1 2900.73 %36.7 %27.6 % 10.0
Zensar Technologies Ltd 14,247 Cr. 629663/36421.4 1570.78 %25.6 %20.3 % 2.00
Subex Ltd 1,621 Cr. 28.845.8/26.8 5.920.00 %5.35 %13.5 % 5.00
Industry Average3,988.64 Cr439.3831.22154.760.30%15.39%13.36%7.40

63 Moons Technologies Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales424038394042414493112115159161
Expenses59636464717880767883899195
Operating Profit-17-23-26-24-31-36-39-311528266865
OPM %-41%-58%-68%-62%-76%-84%-94%-70%16%25%23%43%41%
Other Income22-3118-111632302126-7333642
Interest0000000000000
Depreciation54333333314888
Profit before tax0-58-11-39-18-6-12-14387519699
Tax %100%-1%-2%4%3%-42%-1%4%45%345%24%17%9%
Net Profit0-59-10-34-142-6-1420-26377989
EPS in Rs0.00-12.82-2.16-7.39-2.960.97-0.84-2.314.77-5.168.5417.8820.12

Last Updated: May 7, 2024, 11:19 pm

63 Moons Technologies Ltd Quarterly Chart

63 Moons Technologies Ltd Profit & Loss

Last Updated: May 2, 2024, 11:12 am

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%

63 Moons Technologies Ltd 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 Growth

Compounded Sales Growth
10 Years:-2%
5 Years:13%
3 Years:43%
TTM:63%
Compounded Profit Growth
10 Years:15%
5 Years:52%
3 Years:148%
TTM:571%
Stock Price CAGR
10 Years:4%
5 Years:23%
3 Years:62%
1 Year:144%
Return on Equity
10 Years:-1%
5 Years:0%
3 Years:1%
Last Year:6%

Last Updated: April 8, 2024, 3:54 pm

63 Moons Technologies Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9999999999999
Reserves1,6771,8062,5522,9193,1323,1573,1943,1683,1223,0823,0873,1063,235
Borrowings1,2471,4644954865094981014-00046
Other Liabilities7311,408529548327311287275268251272347453
Total Liabilities3,6634,6873,5853,9623,9773,9753,5913,4573,4003,3423,3683,4663,703
Fixed Assets516526532457286382362364381364382387377
CWIP3040-0-03-0-0-0-001
Investments1,6381,9671,1662,0082,4282,2071,5421,016898859796658659
Other Assets1,5062,1931,8821,4971,2631,3861,6832,0772,1212,1202,1902,4212,666
Total Assets3,6634,6873,5853,9623,9773,9753,5913,4573,4003,3423,3683,4663,703

63 Moons Technologies Ltd Reserves and Borrowings Chart

63 Moons Technologies Limited Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 254160-384-81-159-113-60-55-64-36-10271
Cash from Investing Activity -119-3491,855-119189246759-15746607550
Cash from Financing Activity -38923-1,182-40-74-23-411-116-2-08119
Net Cash Flow-254-166289-239-43110288-328-212454140

63 Moons Technologies Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days5320487766677519881929256
Inventory Days
Days Payable
Cash Conversion Cycle5320487766677519881929256
Working Capital Days-103-15221138385-165328357337326296102
ROCE %3%10%-3%-8%-4%2%3%-1%-1%-0%-2%2%

63 Moons Technologies Ltd Financial Efficiency Indicators Chart

63 Moons Technologies Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
FIIs4.90%4.93%5.12%5.40%5.60%5.61%5.21%3.71%5.16%8.02%6.49%4.35%
DIIs0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%
Public49.35%49.32%49.13%48.85%48.65%48.64%49.04%50.55%49.07%46.23%47.75%49.89%
No. of Shareholders44,77744,12045,43547,90547,09046,03345,30743,60042,90441,98847,12150,511

63 Moons Technologies Ltd Shareholding Pattern Chart

No. of 63 Moons Technologies Ltd Shareholders

This stock is not held by any mutual fund

63 Moons Technologies Ltd ROCE Trend

63 Moons Technologies Ltd EPS Trend

63 Moons Technologies Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-3.54-11.54-13.77-9.99-7.65
Diluted EPS (Rs.)-3.54-11.54-13.77-9.99-7.65
Cash EPS (Rs.)0.34-13.43-9.70-4.73-2.04
Book Value[Excl.RevalReserv]/Share (Rs.)670.70667.83663.01679.88690.01
Book Value[Incl.RevalReserv]/Share (Rs.)670.70667.83663.01679.88690.01
Revenue From Operations / Share (Rs.)62.9534.7834.7745.9556.67
PBDIT / Share (Rs.)18.43-10.211.68-4.832.01
PBIT / Share (Rs.)13.36-12.92-2.44-10.24-3.63
PBT / Share (Rs.)4.24-16.00-13.41-8.67-5.23
Net Profit / Share (Rs.)-4.73-16.14-13.82-10.15-7.69
NP After MI And SOA / Share (Rs.)-3.54-11.54-13.77-9.99-7.65
PBDIT Margin (%)29.28-29.344.83-10.503.55
PBIT Margin (%)21.21-37.13-7.02-22.29-6.41
PBT Margin (%)6.73-46.01-38.56-18.86-9.23
Net Profit Margin (%)-7.52-46.40-39.74-22.08-13.57
NP After MI And SOA Margin (%)-5.62-33.17-39.59-21.74-13.50
Return on Networth / Equity (%)-0.52-1.71-2.07-1.46-1.10
Return on Capital Employeed (%)1.97-1.92-0.36-1.49-0.52
Return On Assets (%)-0.47-1.57-1.89-1.35-1.01
Asset Turnover Ratio (%)0.080.040.040.040.04
Current Ratio (X)5.667.016.497.146.84
Quick Ratio (X)5.667.016.497.146.84
Dividend Payout Ratio (NP) (%)0.00-17.33-14.52-24.13-31.51
Dividend Payout Ratio (CP) (%)0.00-22.65-20.74-52.72-120.35
Earning Retention Ratio (%)0.00117.33114.52124.13131.51
Cash Earning Retention Ratio (%)0.00122.65120.74152.72220.35
Interest Coverage Ratio (X)134.50-99.4414.75-28.842.11
Interest Coverage Ratio (Post Tax) (X)31.96-127.17-25.05-70.06-6.38
Enterprise Value (Cr.)-655.45-108.75-904.54-1010.55-755.88
EV / Net Operating Revenue (X)-2.26-0.67-5.65-4.77-2.89
EV / EBITDA (X)-7.722.31-116.6845.44-81.47
MarketCap / Net Operating Revenue (X)2.787.712.001.021.43
Retention Ratios (%)0.00117.33114.52124.13131.51
Price / BV (X)0.250.390.100.060.11
Price / Net Operating Revenue (X)2.787.712.001.021.43
EarningsYield-0.02-0.04-0.19-0.21-0.09

63 Moons Technologies Ltd Profitability Ratios (%)

63 Moons Technologies Ltd Liquidity Ratios

63 Moons Technologies Ltd Liquidity Ratios (%)

63 Moons Technologies Ltd Interest Coverage Ratios (X)

63 Moons Technologies Ltd Valuation Ratios

Fair Value

Fair Value: ₹100.62

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.

Overvalued: 76.38% compared to the current price ₹426

Intrinsic Value: ₹222.07

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 47.87% compared to the current price ₹426

Last 5 Year EPS CAGR: 120.71%

*Investments are subject to market risks

Strength and Weakness of 63 Moons Technologies Ltd

StrengthWeakness
  1. The company has higher reserves (2,864.38 cr) compared to borrowings (370.31 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 0.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 183.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 86.08, which may not be favorable.

Should I Buy 63 Moons Technologies Ltd Share Now?

  • 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: -7.52%
      • 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: 1.97% (Industry Average ROCE: 11.21%)
      • 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%: -0.52% (Industry Average ROE: 9.34%)
      • 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): 31.96
      • 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: 5.66
      • 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: 9.95 (Industry average Stock P/E: 1786.04)
      • 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: N/A
      • 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:

FAQ

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

The latest fair value of 63 Moons Technologies Ltd is 100.62.

What is the Market Cap of 63 Moons Technologies Ltd?

The Market Cap of 63 Moons Technologies Ltd is 1,963 Cr..

What is the current Stock Price of 63 Moons Technologies Ltd as on 17 April 2024?

The current stock price of 63 Moons Technologies Ltd as on 17 April 2024 is 426.

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 ₹691/162.

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

The Stock P/E of 63 Moons Technologies Ltd is 9.95.

What is the Book Value of 63 Moons Technologies Ltd?

The Book Value of 63 Moons Technologies Ltd is 704.

What is the Dividend Yield of 63 Moons Technologies Ltd?

The Dividend Yield of 63 Moons Technologies Ltd is 0.45 %.

What is the ROCE of 63 Moons Technologies Ltd?

The ROCE of 63 Moons Technologies Ltd is 1.99 %.

What is the ROE of 63 Moons Technologies Ltd?

The ROE of 63 Moons Technologies Ltd is 1.43 %.

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