Ceinsys Tech Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:14 am

Market Cap	3,001 Cr.
Current Price	1,721
High / Low	1,946/341
Stock P/E	65.9
Book Value	209
Dividend Yield	0.15 %
ROCE	22.4 %
ROE	16.2 %
Face Value	10.0
PEG Ratio	0.97

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
Mudunuru Ltd	24.1 Cr.	7.73	15.6/6.35		0.34	0.00 %	72.9 %	374 %	2.00
Naapbooks Ltd	129 Cr.	144	159/32.3	55.6	20.0	%	17.4 %	13.6 %
IDream Film Infrastructure Company Ltd	1.41 Cr.	93.8	98.0/85.0		295	0.00 %	%	%	10.0
IB Infotech Enterprises Ltd	23.7 Cr.	185	245/110	31.2	16.8	0.54 %	69.9 %	50.5 %	10.0
Hit Kit Global Solutions Ltd	6.87 Cr.	1.48	1.48/0.58	21.5	2.08	0.00 %	1.92 %	1.94 %	2.00
Industry Average	40,136.67 Cr	797.05		97.64	124.35	0.61%	21.70%	62.45%	6.94

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	41	54	51	57	41	53	52	73	54	58	63	78	74
Expenses	34	50	45	51	35	52	50	51	42	48	52	66	61
Operating Profit	7	3	6	6	6	1	2	22	11	10	11	12	13
OPM %	16%	7%	12%	10%	15%	3%	4%	30%	21%	17%	17%	16%	18%
Other Income	0	0	0	2	2	2	2	4	2	3	4	6	5
Interest	2	3	2	2	2	2	2	2	2	1	1	1	0
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	4	0	4	6	6	-0	1	22	11	10	13	16	16
Tax %	23%	35%	28%	34%	9%	-1,778%	-131%	3%	23%	54%	18%	27%	26%
Net Profit	3	0	3	4	5	2	3	21	8	5	10	12	12
EPS in Rs	2.70	0.27	2.28	2.18	3.32	0.97	1.76	13.76	5.42	3.02	6.71	7.11	7.29

Last Updated: October 7, 2024, 8:24 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:47 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	57	79	108	133	144	141	176	197	185	203	220	253	273
Expenses	44	62	88	110	122	119	152	147	168	179	186	207	227
Operating Profit	13	17	19	23	22	21	24	50	18	24	33	46	46
OPM %	23%	22%	18%	17%	16%	15%	14%	25%	10%	12%	15%	18%	17%
Other Income	0	0	1	1	3	5	3	2	2	4	10	15	18
Interest	4	6	8	12	16	17	18	17	13	11	10	6	4
Depreciation	2	2	2	3	4	4	4	4	3	3	4	5	5
Profit before tax	8	9	10	9	6	5	5	31	2	13	29	50	55
Tax %	33%	33%	32%	51%	10%	11%	31%	28%	18%	29%	-7%	30%
Net Profit	5	6	7	5	6	5	3	22	2	10	31	35	39
EPS in Rs	13.95	8.23	6.84	4.52	5.51	4.09	3.09	19.92	1.79	5.96	20.02	21.42	24.13
Dividend Payout %	10%	13%	0%	20%	21%	31%	73%	13%	126%	38%	10%	12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	20.00%	16.67%	-28.57%	20.00%	-16.67%	-40.00%	633.33%	-90.91%	400.00%	210.00%	12.90%
Change in YoY Net Profit Growth (%)	0.00%	-3.33%	-45.24%	48.57%	-36.67%	-23.33%	673.33%	-724.24%	490.91%	-190.00%	-197.10%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	12%
5 Years:	7%
3 Years:	11%
TTM:	29%

Compounded Profit Growth
10 Years:	18%
5 Years:	59%
3 Years:	161%
TTM:	23%

Stock Price CAGR
10 Years:	43%
5 Years:	90%
3 Years:	101%
1 Year:	383%

Return on Equity
10 Years:	13%
5 Years:	14%
3 Years:	14%
Last Year:	16%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:36 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	3	7	9	9	9	11	11	11	11	15	15	16	17
Reserves	13	15	28	32	42	61	60	79	78	147	183	218	348
Borrowings	35	43	57	98	118	118	122	97	87	63	57	9	19
Other Liabilities	24	35	29	41	24	41	61	63	80	73	58	83	112
Total Liabilities	75	99	123	180	194	230	253	250	256	299	313	326	497
Fixed Assets	22	24	26	29	28	28	28	26	23	45	40	44	76
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	3	3	0	0	6	0	0	0	0	19	26	44	17
Other Assets	50	71	96	151	159	202	225	224	233	235	246	239	404
Total Assets	75	99	123	180	194	230	253	250	256	299	313	326	497

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-0	-4	2	-31	5	-3	24	36	23	26	47	49
Cash from Investing Activity +	-6	-3	-5	-5	-10	-8	-0	4	0	8	-9	-5
Cash from Financing Activity +	8	8	8	35	3	11	-23	-39	-24	-21	-20	-65
Net Cash Flow	2	1	6	-0	-2	-0	0	0	-1	14	18	-21

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-22.00	-26.00	-38.00	-75.00	-96.00	-97.00	-98.00	-47.00	-69.00	-39.00	-24.00	37.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	160	121	117	160	235	300	233	205	247	153	154	143
Inventory Days	152	538	318	606	75	169	18	191	67	16	53	8
Days Payable	201	194	118	218	129	617	1,610	1,230	1,367	752	403	610
Cash Conversion Cycle	111	465	318	548	181	-149	-1,359	-834	-1,053	-584	-196	-459
Working Capital Days	141	141	159	274	301	363	267	245	259	231	201	145
ROCE %		28%	23%	18%	13%	11%	12%	25%	9%	12%	16%	22%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	75.00%	58.61%	58.61%	58.61%	58.61%	58.61%	58.61%	58.61%	58.61%	55.35%	55.35%	51.86%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.05%	0.00%	0.00%	4.27%
DIIs	0.00%	7.09%	7.09%	7.09%	7.09%	7.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	25.00%	34.30%	34.30%	34.31%	34.31%	34.32%	41.39%	41.20%	41.34%	44.65%	44.66%	43.88%
No. of Shareholders	1,426	1,440	1,416	1,432	1,390	1,371	5,069	7,309	11,401	11,596	12,855	15,560

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

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.)	22.52	20.02	8.12	1.79	19.92
Diluted EPS (Rs.)	22.52	20.02	8.12	1.79	19.92
Cash EPS (Rs.)	17.34	17.92	6.92	4.83	23.41
Book Value[Excl.RevalReserv]/Share (Rs.)	143.26	128.51	110.70	80.18	80.92
Book Value[Incl.RevalReserv]/Share (Rs.)	143.26	128.51	110.70	80.18	80.92
Revenue From Operations / Share (Rs.)	154.80	142.24	131.48	166.62	177.55
PBDIT / Share (Rs.)	29.20	22.11	15.47	15.77	45.53
PBIT / Share (Rs.)	26.04	19.19	13.51	12.74	42.04
PBT / Share (Rs.)	23.15	13.72	7.53	2.19	27.62
Net Profit / Share (Rs.)	14.18	15.00	4.96	1.79	19.92
NP After MI And SOA / Share (Rs.)	21.42	20.02	5.96	1.79	19.92
PBDIT Margin (%)	18.85	15.54	11.76	9.46	25.64
PBIT Margin (%)	16.81	13.49	10.27	7.64	23.67
PBT Margin (%)	14.95	9.64	5.72	1.31	15.55
Net Profit Margin (%)	9.16	10.54	3.77	1.07	11.22
NP After MI And SOA Margin (%)	13.83	14.07	4.53	1.07	11.22
Return on Networth / Equity (%)	14.95	15.57	5.64	2.23	24.62
Return on Capital Employeed (%)	17.85	14.76	12.07	15.67	50.36
Return On Assets (%)	10.73	9.87	3.06	0.78	8.85
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.01	0.02
Total Debt / Equity (X)	0.01	0.27	0.37	0.95	1.06
Asset Turnover Ratio (%)	0.79	0.57	0.73	0.73	0.78
Current Ratio (X)	2.61	1.99	1.72	1.34	1.32
Quick Ratio (X)	2.60	1.95	1.71	1.32	1.27
Dividend Payout Ratio (NP) (%)	8.81	11.24	27.20	139.38	13.81
Dividend Payout Ratio (CP) (%)	7.68	9.81	20.46	51.75	11.75
Earning Retention Ratio (%)	91.19	88.76	72.80	-39.38	86.19
Cash Earning Retention Ratio (%)	92.32	90.19	79.54	48.25	88.25
Interest Coverage Ratio (X)	10.13	4.04	2.59	1.50	3.16
Interest Coverage Ratio (Post Tax) (X)	5.92	3.74	1.83	1.17	2.38
Enterprise Value (Cr.)	936.84	208.08	289.25	213.14	176.86
EV / Net Operating Revenue (X)	3.70	0.94	1.43	1.15	0.89
EV / EBITDA (X)	19.64	6.10	12.12	12.15	3.49
MarketCap / Net Operating Revenue (X)	3.80	0.89	1.22	0.74	0.46
Retention Ratios (%)	91.18	88.75	72.79	-39.38	86.18
Price / BV (X)	4.11	0.99	1.52	1.55	1.03
Price / Net Operating Revenue (X)	3.80	0.89	1.22	0.74	0.46
EarningsYield	0.03	0.15	0.03	0.01	0.24

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 2,234.59

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 22, 2024, is Undervalued by 29.84% compared to the current share price 1,721.00

Intrinsic Value of as of December 22, 2024 is: 3,759.57

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 22, 2024, is Undervalued by 118.45% compared to the current share price 1,721.00

Last 5 Year EPS CAGR: 68.24%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 15.75%, which is a positive sign. The stock has a low average Cash Conversion Cycle of -50.08, which is a positive sign. The company has higher reserves (100.31 cr) compared to borrowings (71.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (166.85 cr) and profit (17.85 cr) over the years.	The stock has a high average Working Capital Days of 227.25, which may not be favorable.

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: 9.16%
  - 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: 17.85% (Industry Average ROCE: 20.73%)
  - 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%: 14.95% (Industry Average ROE: 57.44%)
  - 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): 5.92
  - 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: 2.6
  - 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: 65.9 (Industry average Stock P/E: 77.59)
  - 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: 0.01
  - 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

Ceinsys Tech Ltd. is a Public Limited Listed company incorporated on 05/05/1998 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L72300MH1998PLC114790 and registration number is 114790. Currently Company is involved in the business activities of Architectural and engineering activities and related technical consultancy. Company’s Total Operating Revenue is Rs. 196.20 Cr. and Equity Capital is Rs. 15.43 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
IT Consulting & Software	10/5, IT Park, Opp. VNIT, Nagpur Maharashtra 440022	cs@ceinsys.com http://www.ceinsys.com

Management
Name	Position Held
Mr. Sagar Meghe	Chairman, Non Ind & Non Exe Director
Mr. Prashant Kamat	Vice Chairman & Whole Time Dir
Mr. Kaushik Khona	Managing Director
Dr. Abhay Kimmatkar	Managing Director
Dr. Satish Wate	Ind. Non-Executive Director
Mr. Kishore Dewani	Ind. Non-Executive Director
Mr. Dhruv Kaji	Ind. Non-Executive Director
Mrs. Maya Swaminathan Sinha	Ind. Non-Executive Woman Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹2234.59, which is 29.84% higher than the current market price of ₹1,721.00. The stock has a market capitalization of 3,001 Cr. and recorded a high/low of 1,946/341 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹348 Cr and total liabilities of ₹497 Cr.

What is the Market Cap of ?

The Market Cap of is 3,001 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 1,721.

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

In FY 2024-2025, the High / Low of stocks is 1,946/341.

What is the Stock P/E of ?

The Stock P/E of is 65.9.

What is the Book Value of ?

The Book Value of is 209.

What is the Dividend Yield of ?

The Dividend Yield of is 0.15 %.

What is the ROCE of ?

The ROCE of is 22.4 %.

What is the ROE of ?

The ROE of is 16.2 %.

What is the Face Value of ?

The Face Value of is 10.0.