AGS Transact Technologies Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:30 am

Market Cap	864 Cr.
Current Price	70.4
High / Low	127/63.4
Stock P/E	94.0
Book Value	43.7
Dividend Yield	0.00 %
ROCE	1.26 %
ROE	16.3 %
Face Value	10.0
PEG Ratio	-2.46

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
AGS Transact Technologies Ltd	864 Cr.	70.4	127/63.4	94.0	43.7	0.00 %	1.26 %	16.3 %	10.0
Infibeam Avenues Ltd	7,216 Cr.	25.9	40.1/19.8	35.4	13.0	0.19 %	6.27 %	4.71 %	1.00
DigiSpice Technologies Ltd	742 Cr.	31.8	52.8/23.2	73.4	10.4	0.00 %	10.7 %	3.74 %	3.00
Industry Average	2,940.67 Cr	42.70		67.60	22.37	0.06%	6.08%	8.25%	4.67

All Competitor Stocks of

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	482	485	399	418	414	415	425	371	377	374	349	340	352
Expenses	349	365	324	305	305	315	351	288	369	316	300	246	263
Operating Profit	133	119	75	113	109	101	73	83	7	58	49	93	88
OPM %	28%	25%	19%	27%	26%	24%	17%	22%	2%	15%	14%	28%	25%
Other Income	3	8	6	10	7	9	10	8	12	10	8	12	16
Interest	58	61	72	35	34	35	39	37	37	38	37	36	36
Depreciation	60	65	65	59	58	56	57	54	54	53	53	49	48
Profit before tax	18	2	-56	28	23	19	-13	1	-71	-23	-32	20	21
Tax %	76%	634%	-14%	32%	11%	35%	20%	36%	-14%	-32%	-86%	32%	27%
Net Profit	4	-9	-48	19	21	12	-15	1	-61	-15	-4	14	15
EPS in Rs	0.34	-0.78	-3.98	1.58	1.70	1.02	-1.26	0.05	-5.00	-1.26	-0.36	1.13	1.23

Last Updated: November 6, 2024, 7:24 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:08 pm

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,308	1,473	1,806	1,800	1,759	1,772	1,671	1,471	1,439
Expenses	1,154	1,262	1,376	1,336	1,321	1,361	1,273	1,273	1,232
Operating Profit	154	211	429	465	437	411	398	197	208
OPM %	12%	14%	24%	26%	25%	23%	24%	13%	14%
Other Income	15	9	13	30	38	24	34	38	42
Interest	78	83	137	130	133	250	144	148	147
Depreciation	100	113	227	245	260	252	231	213	209
Profit before tax	-10	24	79	120	82	-67	58	-125	-106
Tax %	109%	73%	16%	31%	34%	24%	36%	-36%
Net Profit	-22	6	66	83	55	-82	37	-80	-67
EPS in Rs	-1.79	0.52	5.50	6.89	4.55	-6.79	3.04	-6.55	-5.49
Dividend Payout %	0%	0%	0%	0%	22%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	127.27%	1000.00%	25.76%	-33.73%	-249.09%	145.12%	-316.22%
Change in YoY Net Profit Growth (%)	0.00%	872.73%	-974.24%	-59.49%	-215.36%	394.21%	-461.34%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	-4%
3 Years:	-6%
TTM:	-11%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	115%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-20%

Return on Equity
10 Years:	%
5 Years:	1%
3 Years:	-8%
Last Year:	-16%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:57 pm

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	119	119	119	119	119	120	120	121	121
Reserves	275	284	306	380	440	362	415	341	413
Borrowings	657	703	1,105	1,159	1,622	1,104	1,231	1,120	1,069
Other Liabilities	365	450	524	583	733	767	517	510	517
Total Liabilities	1,416	1,555	2,054	2,241	2,914	2,353	2,283	2,091	2,121
Fixed Assets	493	549	1,008	1,052	965	910	804	718	631
CWIP	68	66	50	89	58	44	40	29	22
Investments	0	0	0	2	10	0	1	2	1
Other Assets	855	941	997	1,098	1,880	1,399	1,439	1,343	1,468
Total Assets	1,416	1,555	2,054	2,241	2,914	2,353	2,283	2,091	2,121

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	206	196	486	446	418	325	249	349
Cash from Investing Activity +	-210	-161	-165	-291	-156	-12	-126	-15
Cash from Financing Activity +	15	-31	-315	-172	320	-875	-137	-316
Net Cash Flow	12	4	6	-16	582	-562	-14	18

Free Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-503.00	-492.00	428.00	464.00	436.00	410.00	397.00	196.00

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

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	82	91	90	93	168	188	197	136
Inventory Days	190	143	95	85	100	104	152	276
Days Payable	224	209	251	344	592	817	752	1,035
Cash Conversion Cycle	48	25	-66	-166	-325	-525	-403	-623
Working Capital Days	73	73	21	25	58	75	138	124
ROCE %		10%	17%	16%	11%	10%	12%	1%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	65.52%	65.52%	65.52%	65.52%	65.52%	65.52%	65.52%	65.52%	65.53%	65.53%	65.06%
FIIs	6.26%	5.60%	4.57%	3.18%	0.63%	0.06%	0.01%	0.44%	1.65%	0.83%	0.02%
DIIs	8.01%	7.46%	7.31%	6.28%	5.27%	5.27%	5.27%	3.85%	3.85%	3.78%	3.75%
Public	19.19%	20.40%	21.57%	24.11%	27.83%	28.40%	28.43%	29.87%	28.66%	29.55%	30.33%
Others	1.01%	1.01%	1.01%	0.91%	0.75%	0.75%	0.75%	0.31%	0.31%	0.30%	0.83%
No. of Shareholders	1,28,788	1,20,776	1,15,547	1,13,002	1,11,310	1,08,075	1,06,872	1,02,102	93,316	92,299	90,136

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Balanced Advantage Fund - Regular Plan	4,587,241	0.07	53.17	4,587,241	2024-12-17	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-6.64	3.07	-6.93	4.62	7.00
Diluted EPS (Rs.)	-6.64	3.01	-6.93	4.55	6.90
Cash EPS (Rs.)	11.00	22.21	14.16	26.65	27.71
Book Value[Excl.RevalReserv]/Share (Rs.)	38.15	44.41	40.09	47.11	42.08
Book Value[Incl.RevalReserv]/Share (Rs.)	38.15	44.41	40.09	47.11	42.08
Revenue From Operations / Share (Rs.)	121.51	138.71	147.44	148.33	151.83
PBDIT / Share (Rs.)	19.47	35.84	36.31	40.20	41.78
PBIT / Share (Rs.)	1.85	16.70	15.35	18.31	21.15
PBT / Share (Rs.)	-10.36	4.77	-5.47	7.09	10.15
Net Profit / Share (Rs.)	-6.62	3.07	-6.80	4.76	7.07
NP After MI And SOA / Share (Rs.)	-6.62	3.07	-6.86	4.62	7.00
PBDIT Margin (%)	16.01	25.84	24.62	27.10	27.51
PBIT Margin (%)	1.52	12.04	10.40	12.34	13.92
PBT Margin (%)	-8.52	3.44	-3.71	4.77	6.68
Net Profit Margin (%)	-5.44	2.21	-4.60	3.20	4.65
NP After MI And SOA Margin (%)	-5.44	2.21	-4.65	3.11	4.61
Return on Networth / Equity (%)	-17.34	6.90	-17.11	9.80	16.63
Return on Capital Employeed (%)	2.05	15.13	15.01	12.62	20.61
Return On Assets (%)	-3.82	1.61	-3.50	1.88	3.70
Long Term Debt / Equity (X)	0.91	1.03	0.95	1.55	0.69
Total Debt / Equity (X)	1.78	1.64	1.48	2.21	1.36
Asset Turnover Ratio (%)	0.67	0.72	0.67	0.68	0.70
Current Ratio (X)	1.10	1.27	1.05	1.40	0.83
Quick Ratio (X)	1.01	1.20	0.99	1.34	0.77
Inventory Turnover Ratio (X)	1.31	2.33	2.94	3.14	3.02
Dividend Payout Ratio (NP) (%)	0.00	0.00	-14.59	0.00	14.50
Dividend Payout Ratio (CP) (%)	0.00	0.00	7.10	0.00	3.67
Earning Retention Ratio (%)	0.00	0.00	114.59	0.00	85.50
Cash Earning Retention Ratio (%)	0.00	0.00	92.90	0.00	96.33
Interest Coverage Ratio (X)	1.59	3.01	1.74	3.58	3.80
Interest Coverage Ratio (Post Tax) (X)	0.45	1.26	0.67	1.42	1.64
Enterprise Value (Cr.)	1523.30	1343.55	1833.06	0.00	0.00
EV / Net Operating Revenue (X)	1.04	0.80	1.03	0.00	0.00
EV / EBITDA (X)	6.47	3.11	4.20	0.00	0.00
MarketCap / Net Operating Revenue (X)	0.55	0.33	0.67	0.00	0.00
Retention Ratios (%)	0.00	0.00	114.59	0.00	85.49
Price / BV (X)	1.78	1.04	2.49	0.00	0.00
Price / Net Operating Revenue (X)	0.55	0.33	0.67	0.00	0.00
EarningsYield	-0.09	0.06	-0.06	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 682.96

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 December 21, 2024, is Undervalued by 870.11% compared to the current share price 70.40

Intrinsic Value of as of December 21, 2024 is: 422.48

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 December 21, 2024, is Undervalued by 500.11% compared to the current share price 70.40

Last 5 Year EPS CAGR: -38.14%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Cash Conversion Cycle of -254.38, which is a positive sign. The company has shown consistent growth in sales (1.00 cr) and profit (6.11 cr) over the years.	The stock has a low average ROCE of 9.63%, which may not be favorable. The stock has a high average Working Capital Days of 73.38, which may not be favorable. The company has higher borrowings (1,085.56) compared to reserves (357.33), which may suggest financial risk.

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 :
1. Net Profit Margin: -5.44%
  - 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: 2.05% (Industry Average ROCE: 6.08%)
  - 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%: -17.34% (Industry Average ROE: 8.25%)
  - 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): 0.45
  - 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: 1.01
  - 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: 94 (Industry average Stock P/E: 67.6)
  - 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: 1.78
  - 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

AGS Transact Technologies Ltd. is a Public Limited Listed company incorporated on 11/12/2002 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L72200MH2002PLC138213 and registration number is 138213. Currently Company is involved in the business activities of Other financial activities. Company’s Total Operating Revenue is Rs. 1317.02 Cr. and Equity Capital is Rs. 120.17 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Financial Technologies (Fintech)	601-602, Trade World, B-Wing, Mumbai Maharashtra 400013	companysecretary@agsindia.com. http://www.agsindia.com

Management
Name	Position Held
Mr. Ravi Badrinarain Goyal	Chairman & Managing Director
Mr. P Stanley Johnson	Executive Director
Mr. Vinayak R Goyal	Executive Director
Mr. Subrata Kumar Mitra	Ind. Non-Executive Director
Mr. Sudip Bandyopadhyay	Non Exe.Non Ind.Director
Mrs. Jhuma Guha	Ind. Non-Executive Director
Mr. Sivanandhan Dhanushkodi	Ind. Non-Executive Director
Ms. Preeti Malhotra	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹682.96, which is 870.11% higher than the current market price of ₹70.40. The stock has a market capitalization of 864 Cr. and recorded a high/low of 127/63.4 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹413 Cr and total liabilities of ₹2,121 Cr.

What is the Market Cap of ?

The Market Cap of is 864 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 70.4.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 127/63.4.

What is the Stock P/E of ?

The Stock P/E of is 94.0.

What is the Book Value of ?

The Book Value of is 43.7.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 1.26 %.

What is the ROE of ?

The ROE of is 16.3 %.

What is the Face Value of ?

The Face Value of is 10.0.