Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of HOV Services Ltd

About the Company - HOV Services Ltd

HOV Services Ltd. is a Public Limited Listed company incorporated on 10/01/1989 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L72200PN1989PLC014448 and registration number is 014448. Currently Company is involved in the business activities of Other information technology and computer service activities n.e.c. Company’s Total Operating Revenue is Rs. 10.06 Cr. and Equity Capital is Rs. 12.60 Cr. for the Year ended 31/03/2022.
IT Enabled Services3rd Floor, Sharda Arcade, Pune Satara Road, Pune Maharashtra
NamePosition Held
Mr. Parvinder S ChadhaChairman & Executive Director
Mr. Sunil RajadhyakshaExecutive Director
Mr. Vikram NegiExecutive Director
Mrs. Lakshmi KumarIndependent Director
Mr. Harjit Singh AnandIndependent Director
Mr. Ajay PuriIndependent Director

HOV Services Ltd. Share Price Update

Share PriceValue
Previous Day₹69.50

Basic Stock Data of HOV Services Ltd

Market Cap 78.6 Cr.
Current Price 62.4
High / Low97.4/28.5
Stock P/E30.8
Book Value 18.8
Dividend Yield0.00 %
ROCE19.5 %
ROE17.2 %
Face Value 10.0

Data Source:

HOV Services Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Operating Profit0.610.690.570.530.620.660.570.670.660.500.540.700.64
OPM %23.92%30.26%23.17%21.63%24.80%24.91%19.52%22.48%21.85%15.97%15.13%16.32%16.04%
Other Income0.300.850.330.320.310.401.461.420.450.580.400.480.42
Profit before tax0.462.170.710.660.760.891.891.890.880.880.740.990.87
Tax %45.65%10.14%28.17%27.27%30.26%30.34%13.23%14.81%44.32%4.55%31.08%26.26%27.59%
Net Profit0.261.950.520.480.530.621.641.610.490.840.520.730.63
EPS in Rs0.211.550.410.380.420.491.301.280.390.670.410.580.50

HOV Services Ltd Quarterly Chart

HOV Services Ltd Profit & Loss

MonthDec 2011Dec 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit1.28-1.42-2.51-1.810.
OPM %12.14%-10.13%-14.48%-11.04%1.91%0.45%1.54%2.47%13.86%24.33%23.66%19.90%17.13%
Other Income0.991.561.010.571.
Profit before tax1.99-0.36-2.63-2.66-0.17-0.393.070.691.493.333.025.543.49
Tax %40.20%-213.89%-16.73%6.77%-258.82%-151.28%22.80%75.36%55.03%22.52%28.81%17.51%
Net Profit-9.244.00-49.52-155.79-275.64-145.562.380.180.672.572.154.572.58
EPS in Rs-7.403.91-39.11-124.12-219.94-116.151.900.140.532.041.713.632.05
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

HOV Services Ltd Profit & Loss Yearly Chart

HOV Services Ltd Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-2%
3 Years:3%
Compounded Profit Growth
10 Years:1%
5 Years:14%
3 Years:89%
Stock Price CAGR
10 Years:-2%
5 Years:-12%
3 Years:21%
1 Year:58%
Return on Equity
10 Years:-24%
5 Years:1%
3 Years:6%
Last Year:17%

HOV Services Ltd Balance Sheet

MonthDec 2011Dec 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12.4912.4912.5012.5112.5312.5312.5412.5912.5912.5912.6012.6012.60
Other Liabilities10.9811.365.997.436.915.55287.86159.8914.2816.7412.2513.6611.86
Total Liabilities223.14234.16184.53598.15357.7352.451,009.38607.8051.66115.6645.2737.6736.75
Fixed Assets1.275.154.793.793.1011.8310.7410.1910.319.8210.9910.399.98
Other Assets29.9623.8418.5521.5822.1220.3011.4011.3814.7613.9516.1920.2819.87
Total Assets223.14234.16184.53598.15357.7352.451,009.38607.8051.66115.6645.2737.6736.75

HOV Services Ltd Reserves and Borrowings Chart

HOV Services Ltd Cash Flow

MonthDec 2011Dec 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 18.05-5.77-7.35-3.64-
Cash from Investing Activity 0.32-11.941.011.231.690.950.630.64-10.840.881.192.61
Cash from Financing Activity -2.908.260.301.10-0.70-1.12-7.87-1.288.36-2.12-2.09-1.29
Net Cash Flow15.47-9.45-6.04-1.31-

HOV Services Ltd Financial Efficiency Indicators

MonthDec 2011Dec 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days62.33108.0460.6695.26126.24102.66115.6797.31193.65187.03188.67184.62
Inventory Days0.00
Days Payable
Cash Conversion Cycle62.33108.0460.6695.26126.24102.66115.6797.31193.65187.03188.67184.62
Working Capital Days-261.80-125.2210.329.7947.221.4238.92-9.35-277.16-241.82-237.65-209.74
ROCE %-0.17%-1.23%-0.58%0.09%0.12%0.87%0.12%0.91%5.06%4.70%19.46%

HOV Services Ltd Financial Efficiency Indicators Chart

HOV Services Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders7,7087,8458,2918,2308,3528,6068,5528,4928,5239,0278,6319,969

HOV Services Ltd Shareholding Pattern Chart

No. of HOV Services Ltd Shareholders

This stock is not held by any mutual fund

HOV Services Ltd ROCE Trend

HOV Services Ltd EPS Trend

HOV Services Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)3.631.712.040.530.14
Diluted EPS (Rs.)3.631.712.040.530.14
Cash EPS (Rs.)
Book Value[Excl.RevalReserv]/Share (Rs.)17.9323.7876.2126.80352.39
Book Value[Incl.RevalReserv]/Share (Rs.)17.9323.7876.2126.80352.39
Revenue From Operations / Share (Rs.)9.577.997.678.718.38
PBDIT / Share (Rs.)4.932.963.092.810.96
PBIT / Share (Rs.)4.452.462.592.370.54
PBT / Share (Rs.)4.332.392.501.800.54
Net Profit / Share (Rs.)3.631.712.040.530.13
NP After MI And SOA / Share (Rs.)3.631.712.040.530.13
PBDIT Margin (%)51.5537.0240.2432.2211.52
PBIT Margin (%)46.5430.8233.7827.176.54
PBT Margin (%)45.2129.9232.5620.636.54
Net Profit Margin (%)37.9021.3626.646.111.66
NP After MI And SOA Margin (%)37.9021.3626.646.111.66
Return on Networth / Equity (%)
Return on Capital Employeed (%)23.739.723.168.160.11
Return On Assets (%)12.134.742.191.290.02
Long Term Debt / Equity (X)
Total Debt / Equity (X)
Asset Turnover Ratio (%)0.330.
Current Ratio (X)1.110.780.910.692.66
Quick Ratio (X)1.110.780.910.692.66
Interest Coverage Ratio (X)38.9741.0633.044.930.00
Interest Coverage Ratio (Post Tax) (X)29.1124.6121.363.020.00
Enterprise Value (Cr.)43.8750.9968.8427.58156.11
EV / Net Operating Revenue (X)3.645.077.132.5114.81
EV / EBITDA (X)7.0613.6917.717.80128.43
MarketCap / Net Operating Revenue (X)4.385.477.782.6615.17
Price / BV (X)2.341.840.780.860.36
Price / Net Operating Revenue (X)4.385.477.782.6615.18

HOV Services Ltd Profitability Ratios (%)

HOV Services Ltd Liquidity Ratios

HOV Services Ltd Liquidity Ratios (%)

HOV Services Ltd Interest Coverage Ratios (%)

HOV Services Ltd Valuation Ratios

Fair Value of HOV Services Ltd Stock

Fair Value: ₹101.59

The stock is undervalued by 62.80% compared to the current price ₹62.4

*Investments are subject to market risks

Strength and Weakness of HOV Services Ltd Stock

  1. The stock has a low average Working Capital Days of -104.59, which is a positive sign.
  2. The company has higher reserves (211.31 cr) compared to borrowings (6.11 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (13.06 cr) and profit (1.26 cr) over the years.
  1. The stock has a low average ROCE of 2.45%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 126.85, which may not be favorable.

About the Author

Author Avatar

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 HOV Services 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 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