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Last Updated on: 19 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532268 | NSE: ACCELYA

Accelya Solutions India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 4:09 pm

Market Cap 2,211 Cr.
Current Price 1,481
High / Low2,128/1,309
Stock P/E19.0
Book Value 190
Dividend Yield4.39 %
ROCE57.0 %
ROE42.2 %
Face Value 10.0
PEG Ratio10.76

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

View Share Price Target for Accelya Solutions India Ltd

Competitors of Accelya Solutions India 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 Average28,322.25N/A71.50N/AN/A17.1417.09N/A

All Competitor Stocks of Accelya Solutions India Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales86858793103115112119122127125131128
Expenses54595658616472757379798180
Operating Profit32273134425240454948465048
OPM %37%31%35%37%41%45%36%37%40%38%37%38%37%
Other Income222222214322-313
Interest1111111000001
Depreciation8999998888778
Profit before tax25192327344434504442401242
Tax %27%26%26%26%27%25%25%27%26%25%23%98%26%
Net Profit1814172025332536323231031
EPS in Rs12.309.5311.3813.2816.8622.1816.8924.3121.5121.1220.720.1320.90

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthJun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023TTM
Sales219304317303341367383433412290368469506
Expenses158173180188208222233263260205234284311
Operating Profit6013013711513314515017015286134186194
OPM %28%43%43%38%39%39%39%39%37%29%36%40%38%
Other Income955692039611821-24
Interest1100100064321
Depreciation8121213131414173234353431
Profit before tax6012312910712815013816212058103170138
Tax %32%31%35%37%35%35%36%34%28%27%26%26%
Net Profit4184846783978910687427612795
EPS in Rs27.3356.5356.2345.1655.6265.1559.7571.2758.1628.2751.0484.9063.48
Dividend Payout %86%124%87%80%81%78%77%45%17%184%121%77%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year
YoY Net Profit Growth (%)
Change in YoY Net Profit Growth (%)

No data available for trend analysis.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:3%
3 Years:21%
TTM:6%
Compounded Profit Growth
10 Years:3%
5 Years:2%
3 Years:40%
TTM:0%
Stock Price CAGR
10 Years:5%
5 Years:9%
3 Years:9%
1 Year:6%
Return on Equity
10 Years:44%
5 Years:35%
3 Years:39%
Last Year:42%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 4:15 pm

MonthJun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Equity Capital151515151515151515151515
Reserves879510098166165183230224248255268
Borrowings00000004939251533
Other Liabilities128107961046776767666678595
Total Liabilities230216211217248255274370343355369411
Fixed Assets747975776269711371251018763
CWIP210010169246
Investments383437244136171527526063
Other Assets11610298116143149185212183200219279
Total Assets230216211217248255274370343355369411

Reserves and Borrowings Chart

Cash Flow

MonthJun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Cash from Operating Activity +1141046680931118713187118133156
Cash from Investing Activity +-389-8-6-26-14-3-61-11-7214-65
Cash from Financing Activity +-70-114-57-69-73-94-86-53-66-64-132-94
Net Cash Flow6-125-63-3179-1815-4

Free Cash Flow

MonthJun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023
Free Cash Flow60.00130.00137.00115.00133.00145.00150.00170.00103.0047.00109.00171.00

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

MonthJun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Debtor Days404445426653666780676055
Inventory Days
Days Payable
Cash Conversion Cycle404445426653666780676055
Working Capital Days-62-44-30-244434575266514844
ROCE %103%122%95%113%103%77%86%51%22%38%56%57%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.66%74.66%74.66%74.66%74.66%74.66%74.66%74.66%74.66%74.66%74.66%74.66%
FIIs0.60%0.52%0.55%0.59%0.20%0.30%0.21%0.26%0.27%0.39%0.28%0.22%
DIIs2.29%2.08%1.19%1.47%1.27%0.96%0.35%0.38%0.44%0.65%0.65%0.67%
Public22.46%22.74%23.61%23.27%23.86%24.07%24.77%24.70%24.62%24.31%24.41%24.45%
No. of Shareholders24,76526,78626,06625,27025,27225,44627,18828,27831,53533,67332,98232,197

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Parag Parikh Flexi Cap Fund25,2720.014.0725,2722024-11-130%
Parag Parikh ELSS Tax Saver Fund9,0000.041.4525,2722024-11-13-64.39%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthJun 23Jun 22Jun 21Jun 20Jun 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)84.9051.0428.2758.1671.27
Diluted EPS (Rs.)84.9051.0428.2758.1671.27
Cash EPS (Rs.)107.5374.7751.0479.8982.45
Book Value[Excl.RevalReserv]/Share (Rs.)180.91175.98159.82163.97132.35
Book Value[Incl.RevalReserv]/Share (Rs.)180.91175.98159.82163.97132.35
Revenue From Operations / Share (Rs.)314.44246.80194.53276.03290.10
PBDIT / Share (Rs.)130.4295.1964.45106.07119.71
PBIT / Share (Rs.)107.7871.4641.6984.33108.53
PBT / Share (Rs.)114.1869.1638.7080.62108.53
Net Profit / Share (Rs.)84.9051.0428.2758.1671.27
NP After MI And SOA / Share (Rs.)84.9051.0428.2758.1671.27
PBDIT Margin (%)41.4738.5633.1338.4241.26
PBIT Margin (%)34.2728.9521.4330.5537.40
PBT Margin (%)36.3128.0219.8929.2037.40
Net Profit Margin (%)26.9920.6814.5321.0624.56
NP After MI And SOA Margin (%)26.9920.6814.5321.0624.56
Return on Networth / Equity (%)46.9229.0017.6835.4653.84
Return on Capital Employeed (%)57.3837.8022.8443.4980.30
Return On Assets (%)34.2921.4612.2823.4738.85
Asset Turnover Ratio (%)1.190.960.721.141.49
Current Ratio (X)2.863.162.692.552.52
Quick Ratio (X)2.863.162.692.552.52
Dividend Payout Ratio (NP) (%)94.2266.61123.7942.9868.75
Dividend Payout Ratio (CP) (%)74.3945.4668.5731.2959.42
Earning Retention Ratio (%)5.7833.39-23.7957.0231.25
Cash Earning Retention Ratio (%)25.6154.5431.4368.7140.58
Interest Coverage Ratio (X)94.1941.3721.6128.540.00
Interest Coverage Ratio (Post Tax) (X)56.6923.1810.4816.650.00
Enterprise Value (Cr.)1919.821250.191688.021311.291264.99
EV / Net Operating Revenue (X)4.093.395.813.182.92
EV / EBITDA (X)9.868.8017.548.287.08
MarketCap / Net Operating Revenue (X)4.213.575.993.332.98
Retention Ratios (%)5.7733.38-23.7957.0131.24
Price / BV (X)7.325.007.295.606.53
Price / Net Operating Revenue (X)4.213.575.993.332.98
EarningsYield0.060.050.020.060.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Accelya Solutions India Ltd as of November 19, 2024 is: 1,590.30

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, Accelya Solutions India Ltd is Undervalued by 7.38% compared to the current share price 1,481.00

Intrinsic Value of Accelya Solutions India Ltd as of November 19, 2024 is: 1,618.38

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, Accelya Solutions India Ltd is Undervalued by 9.28% compared to the current share price 1,481.00

Last 5 Year EPS CAGR: 1.77%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 76.92%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 19.67, which is a positive sign.
  3. The company has higher reserves (176.58 cr) compared to borrowings (13.42 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (362.46 cr) and profit (122.00 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 57.08, 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 Accelya Solutions India Ltd:
    1. Net Profit Margin: 26.99%
      • 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: 57.38% (Industry Average ROCE: 17.14%)
      • 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%: 46.92% (Industry Average ROE: 17.09%)
      • 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): 56.69
      • 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: 2.86
      • 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: 19 (Industry average Stock P/E: 71.5)
      • 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

Accelya Solutions India Ltd. is a Public Limited Listed company incorporated on 25/09/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74140PN1986PLC041033 and registration number is 041033. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 327.17 Cr. and Equity Capital is Rs. 14.93 Cr. for the Year ended 30/06/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareGLT 1, Building No. 4, 5th & 6th Floor, Raheja Woods, River Side 25A, Pune Maharashtra 411006accelyaindia.investors@accelya.com
https://w3.accelya.com
Management
NamePosition Held
Mr. James DavidsonChairman
Mr. Gurudas ShenoyManaging Director
Mr. Ravindran MenonDirector
Mr. Jose Maria HurtadoDirector
Ms. Meena JagtianiDirector
Mr. Saurav AdhikariDirector

FAQ

What is the latest intrinsic value of Accelya Solutions India Ltd?

The latest intrinsic value of Accelya Solutions India Ltd as on 17 November 2024 is ₹1590.30, which is 7.38% higher than the current market price of ₹1,481.00.

What is the Market Cap of Accelya Solutions India Ltd?

The Market Cap of Accelya Solutions India Ltd is 2,211 Cr..

What is the current Stock Price of Accelya Solutions India Ltd as on 17 November 2024?

The current stock price of Accelya Solutions India Ltd as on 17 November 2024 is ₹1,481.

What is the High / Low of Accelya Solutions India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Accelya Solutions India Ltd stocks is 2,128/1,309.

What is the Stock P/E of Accelya Solutions India Ltd?

The Stock P/E of Accelya Solutions India Ltd is 19.0.

What is the Book Value of Accelya Solutions India Ltd?

The Book Value of Accelya Solutions India Ltd is 190.

What is the Dividend Yield of Accelya Solutions India Ltd?

The Dividend Yield of Accelya Solutions India Ltd is 4.39 %.

What is the ROCE of Accelya Solutions India Ltd?

The ROCE of Accelya Solutions India Ltd is 57.0 %.

What is the ROE of Accelya Solutions India Ltd?

The ROE of Accelya Solutions India Ltd is 42.2 %.

What is the Face Value of Accelya Solutions India Ltd?

The Face Value of Accelya Solutions India Ltd is 10.0.

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 Accelya Solutions India 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