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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532633 | NSE: ALLSEC

Fundamental Analysis of Allsec Technologies Ltd

About the Company - Allsec Technologies Ltd

Allsec Technologies Ltd. is a Public Limited Listed company incorporated on 24/08/1998 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L72300TN1998PLC041033 and registration number is 041033. Currently Company is involved in the business activities of Human resources provision and management of human resources functions. Company’s Total Operating Revenue is Rs. 221.21 Cr. and Equity Capital is Rs. 15.24 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Enabled Services46C, Velachery Main Road, Chennai (Madras) Tamil Nadu 600042investorcontact@allsectech.com
http://www.allsectech.com
Management
NamePosition Held
Mr. Ajit Abraham IsaacNon Executive Chairman
Mr. Milind ChalisgaonkarInd. Non-Executive Director
Mr. Sanjay AnandaramInd. Non-Executive Director
Ms. R Lakshmi SaradaInd. Non-Executive Director
Mr. Guruprasad SrinivasanNon Exe.Non Ind.Director
Mr. Kamal HodaNon Exe.Non Ind.Director

Basic Stock Data of Allsec Technologies Ltd

Last Updated: July 20, 2024, 11:29 pm

Market Cap 1,675 Cr.
Current Price 1,099
High / Low1,252/532
Stock P/E27.2
Book Value 161
Dividend Yield4.09 %
ROCE30.5 %
ROE26.0 %
Face Value 10.0
PEG Ratio6.36

Data Source: screener.in

Competitors of Allsec Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Reliable Data Services Ltd 73.7 Cr. 71.484.0/46.116.1 47.60.10 %10.9 %9.78 % 10.0
Ace Engitech Ltd 7.12 Cr. 21.629.0/11.9 1.700.00 %23.6 %25.2 % 10.0
AXISCADES Technologies Ltd 2,244 Cr. 535850/43368.4 1400.00 %13.7 %7.11 % 5.00
eMudhra Ltd 7,158 Cr. 864921/41595.0 79.20.14 %17.7 %14.4 % 5.00
BGIL Films & Technologies Ltd 9.04 Cr. 7.9810.3/1.89 17.10.00 %4.49 %3.46 % 10.0
Industry Average7,263.66 Cr910.4629.06142.470.16%21.27%20.23%6.67

Allsec Technologies Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7273717783858894100108108112120
Expenses54535658616268737984838789
Operating Profit18211619222420222124252530
OPM %25%28%22%24%26%28%23%23%21%22%23%23%25%
Other Income0213124411221
Interest0100011111111
Depreciation6766666779789
Profit before tax12151116161817191415192021
Tax %29%8%176%19%20%4%19%14%49%20%16%17%46%
Net Profit914-81313181416712161611
EPS in Rs5.829.04-5.238.508.6411.488.9610.414.747.9510.3510.667.39

Last Updated: July 10, 2024, 2:52 pm

Allsec Technologies Ltd Quarterly Chart

Allsec Technologies Ltd Profit & Loss

Last Updated: July 10, 2024, 2:52 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales183320200151233318325261294277317390448
Expenses184284237160199255264221219211237302344
Operating Profit-136-37-93463614075668089104
OPM %-0%11%-19%-6%15%20%19%15%26%24%25%23%23%
Other Income54391077-544686
Interest1572210023243
Depreciation1415121186452023232832
Profit before tax-1021-54-12356364295744616574
Tax %-40%57%31%-14%10%2%6%46%21%20%42%24%
Net Profit-159-37-14316260164535364955
EPS in Rs-11.141.28-16.40-9.2320.3040.5039.0710.2829.4823.0523.3932.0636.35
Dividend Payout %0%0%0%0%0%0%13%97%0%65%257%62%

Allsec 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 (%)160.00%-511.11%62.16%321.43%100.00%-3.23%-73.33%181.25%-22.22%2.86%36.11%
Change in YoY Net Profit Growth (%)0.00%-671.11%573.27%259.27%-221.43%-103.23%-70.11%254.58%-203.47%25.08%33.25%

Allsec Technologies Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:12%
3 Years:19%
TTM:20%
Compounded Profit Growth
10 Years:16%
5 Years:26%
3 Years:21%
TTM:32%
Stock Price CAGR
10 Years:46%
5 Years:30%
3 Years:29%
1 Year:94%
Return on Equity
10 Years:20%
5 Years:19%
3 Years:20%
Last Year:26%

Last Updated: July 17, 2024, 2:44 am

Allsec Technologies Ltd Balance Sheet

Last Updated: July 10, 2024, 2:52 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15151515151515151515151515
Reserves8486644676134192203213250194214244
Borrowings25171481112422434452
Other Liabilities37553920372633273733426061
Total Liabilities13816113596137176242245289319294334372
Fixed Assets46433927222224133432566082
CWIP07000100018120
Investments59112196173823350474749
Other Assets8710385689593144150221236184215241
Total Assets13816113596137176242245289319294334372

Allsec Technologies Ltd Reserves and Borrowings Chart

Allsec Technologies Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 27-6-6357053207670647191
Cash from Investing Activity -22-128-19-45-15-525-26-19-11-28
Cash from Financing Activity 310-2-8-90-10-48-19-112-52-71
Net Cash Flow8-8-08163855324-679-8

Allsec Technologies Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days876460719242465056556655
Inventory Days
Days Payable
Cash Conversion Cycle876460719242465056556655
Working Capital Days3022-9223521203537465042
ROCE %-9%23%-45%-13%41%50%33%17%25%17%22%25%

Allsec Technologies Ltd Financial Efficiency Indicators Chart

Allsec Technologies Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters73.39%73.39%73.39%73.39%73.39%73.39%73.39%73.39%73.39%73.39%73.39%73.39%
FIIs0.00%0.02%0.04%0.02%0.00%0.03%0.03%0.00%0.00%0.06%0.09%0.11%
DIIs0.00%0.00%0.63%0.00%0.00%0.00%0.20%0.11%0.80%1.02%1.12%1.25%
Public26.61%26.60%25.94%26.60%26.61%26.59%26.40%26.49%25.81%25.55%25.40%25.25%
No. of Shareholders6,3668,4298,58311,19311,59310,96711,61811,31311,33412,05314,81014,861

Allsec Technologies Ltd Shareholding Pattern Chart

No. of Allsec Technologies Ltd Shareholders

This stock is not held by any mutual fund

Allsec Technologies Ltd ROCE Trend

Allsec Technologies Ltd EPS Trend

Allsec Technologies Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)32.0623.3923.0529.4810.28
Diluted EPS (Rs.)32.0623.3923.0529.4810.28
Cash EPS (Rs.)50.6038.7738.3942.5413.73
Book Value[Excl.RevalReserv]/Share (Rs.)150.71137.43173.96149.65142.91
Book Value[Incl.RevalReserv]/Share (Rs.)150.71137.43173.96149.65142.91
Revenue From Operations / Share (Rs.)256.20208.14181.56193.20171.36
PBDIT / Share (Rs.)63.2956.8845.6352.0730.87
PBIT / Share (Rs.)44.7641.4930.2839.0227.42
PBT / Share (Rs.)42.3540.1228.6837.5318.92
Net Profit / Share (Rs.)32.0623.3923.0429.4810.28
NP After MI And SOA / Share (Rs.)32.0623.3923.0429.4810.28
PBDIT Margin (%)24.7027.3225.1326.9518.01
PBIT Margin (%)17.4619.9316.6720.1916.00
PBT Margin (%)16.5219.2715.7919.4211.03
Net Profit Margin (%)12.5111.2312.6915.256.00
NP After MI And SOA Margin (%)12.5111.2312.6915.256.00
Return on Networth / Equity (%)21.2717.0113.2419.707.19
Return on Capital Employeed (%)25.9825.9316.6124.1818.85
Return On Assets (%)14.6412.1110.9915.536.39
Asset Turnover Ratio (%)1.240.800.760.930.70
Current Ratio (X)3.304.096.285.138.63
Quick Ratio (X)3.304.096.285.138.63
Dividend Payout Ratio (NP) (%)62.38256.530.0033.9148.62
Dividend Payout Ratio (CP) (%)39.52154.730.0023.5036.40
Earning Retention Ratio (%)37.62-156.530.0066.0951.38
Cash Earning Retention Ratio (%)60.48-54.730.0076.5063.60
Interest Coverage Ratio (X)26.2841.6728.5035.1296.02
Interest Coverage Ratio (Post Tax) (X)14.3118.1315.3920.8858.43
Enterprise Value (Cr.)651.25717.89332.5757.21352.69
EV / Net Operating Revenue (X)1.672.261.200.191.35
EV / EBITDA (X)6.758.284.780.727.50
MarketCap / Net Operating Revenue (X)1.902.521.740.621.62
Retention Ratios (%)37.61-156.530.0066.0851.37
Price / BV (X)3.233.821.820.801.95
Price / Net Operating Revenue (X)1.902.521.740.621.62
EarningsYield0.060.040.070.240.03

Allsec Technologies Ltd Profitability Ratios (%)

Allsec Technologies Ltd Liquidity Ratios

Allsec Technologies Ltd Liquidity Ratios (%)

Allsec Technologies Ltd Interest Coverage Ratios (X)

Allsec Technologies Ltd Valuation Ratios

Fair Value

Fair Value: 1,185.16

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.

Undervalued: 7.84% compared to the current price 1099

Intrinsic Value: 1,235.87

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.

Undervalued: 12.45% compared to the current price 1099

Last 5 Year EPS CAGR: 4.28%

*Investments are subject to market risks

Strength and Weakness of Allsec Technologies Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 15.50%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 29.25, which is a positive sign.
  3. The company has higher reserves (158.50 cr) compared to borrowings (18.75 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (285.92 cr) and profit (33.62 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 62.00, which may not be favorable.

Should I Buy Allsec 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 Allsec Technologies Ltd:
    1. Net Profit Margin: 12.51%
      • 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: 25.98% (Industry Average ROCE: %)
      • 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%: 21.27% (Industry Average ROE: %)
      • 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): 14.31
      • 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: 3.30
      • 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: 27.2 (Industry average Stock P/E: )
      • 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 Allsec Technologies Ltd?

The latest fair value of Allsec Technologies Ltd is ₹1185.16.

What is the Market Cap of Allsec Technologies Ltd?

The Market Cap of Allsec Technologies Ltd is 1,675 Cr..

What is the current Stock Price of Allsec Technologies Ltd as on 21 July 2024?

The current stock price of Allsec Technologies Ltd as on 21 July 2024 is 1,099.

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

In FY 2024, the High / Low of Allsec Technologies Ltd stocks is 1,252/532.

What is the Stock P/E of Allsec Technologies Ltd?

The Stock P/E of Allsec Technologies Ltd is 27.2.

What is the Book Value of Allsec Technologies Ltd?

The Book Value of Allsec Technologies Ltd is 161.

What is the Dividend Yield of Allsec Technologies Ltd?

The Dividend Yield of Allsec Technologies Ltd is 4.09 %.

What is the ROCE of Allsec Technologies Ltd?

The ROCE of Allsec Technologies Ltd is 30.5 %.

What is the ROE of Allsec Technologies Ltd?

The ROE of Allsec Technologies Ltd is 26.0 %.

What is the Face Value of Allsec Technologies Ltd?

The Face Value of Allsec Technologies 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 Allsec 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