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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Innovana Thinklabs Ltd

About the Company - Innovana Thinklabs Ltd

Innovana Thinklabs Ltd. is a Public Limited Listed company incorporated on 13/04/2015 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L72900RJ2015PLC047363 and registration number is 047363. 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. 30.50 Cr. and Equity Capital is Rs. 10.25 Cr. for the Year ended 31/03/2022.
IT Consulting & SoftwarePlot No. D-41, Patrakar Colony, Near Jawahar Nagar Moti Dungri Vistar Yojna, Jaipur Rajasthan
NamePosition Held
Mr. Chandan GargChairman & Managing Director
Mr. Kapil GargWhole Time Director
Mr. Narendra Kumar GargExecutive Director
Ms. Riya SharmaInd. Non-Executive Director
Mr. Hemant KoushikInd. Non-Executive Director
Mr. Arvind Kumar SharmaInd. Non-Executive Director
Mrs. Swaran KantaNon Executive Director

Innovana Thinklabs Ltd. Share Price Update

Share PriceValue
Previous Day₹580.15

Basic Stock Data of Innovana Thinklabs Ltd

Market Cap 1,193 Cr.
Current Price 582
High / Low800/280
Stock P/E28.2
Book Value 64.3
Dividend Yield0.04 %
ROCE26.1 %
ROE23.6 %
Face Value 10.0

Data Source:

Innovana Thinklabs Ltd Quarterly Results

MonthJun 2022Sep 2022Mar 2023Jun 2023Sep 2023
Operating Profit34111311
OPM %23%29%42%48%45%
Other Income32124
Profit before tax55111414
Tax %29%39%10%27%21%
Net Profit33101011
EPS in Rs1.661.384.864.895.41

Innovana Thinklabs Ltd Quarterly Chart

Innovana Thinklabs Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Operating Profit1111424162631
OPM %8%36%31%38%28%45%39%
Other Income0013447
Profit before tax1111426192633
Tax %38%29%24%16%18%18%16%
Net Profit181122162127
EPS in Rs7.203.695.2010.617.5910.1413.12
Dividend Payout %0%0%0%0%8%7%2%

Innovana Thinklabs Ltd Profit & Loss Yearly Chart

Innovana Thinklabs Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:21%
3 Years:7%
Compounded Profit Growth
10 Years:%
5 Years:25%
3 Years:4%
Stock Price CAGR
10 Years:%
5 Years:54%
3 Years:135%
1 Year:70%
Return on Equity
10 Years:%
5 Years:30%
3 Years:25%
Last Year:24%

Innovana Thinklabs Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0441010102020
Other Liabilities312437270574831
Total Liabilities63072122137158171178
Fixed Assets19131214282727
Other Assets21931648388103108
Total Assets63072122137158171178

Innovana Thinklabs Ltd Reserves and Borrowings Chart

Innovana Thinklabs Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 26393714-44
Cash from Investing Activity -4-7-30-19-8-14-47
Cash from Financing Activity 2706223-5
Net Cash Flow-0592485-48

Innovana Thinklabs Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days000011342
Inventory Days0000
Days Payable
Cash Conversion Cycle000011342
Working Capital Days-368-221-277-236-212-60
ROCE %100%58%63%31%31%26%

Innovana Thinklabs Ltd Financial Efficiency Indicators Chart

Innovana Thinklabs Ltd Share Holding Pattern

MonthMar 2018Mar 2019Sep 2019Dec 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
No. of Shareholders131203238274273296297284281280328482

Innovana Thinklabs Ltd Shareholding Pattern Chart

No. of Innovana Thinklabs Ltd Shareholders

This stock is not held by any mutual fund

Innovana Thinklabs Ltd ROCE Trend

Innovana Thinklabs Ltd EPS Trend

Innovana Thinklabs Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)26.1720.4615.4820.5226.58
Diluted EPS (Rs.)26.1720.4615.4820.5226.58
Cash EPS (Rs.)15.3023.5816.2822.5029.44
Book Value[Excl.RevalReserv]/Share (Rs.)54.2584.0364.8248.6570.80
Book Value[Incl.RevalReserv]/Share (Rs.)54.2584.0364.8248.6570.80
Revenue From Operations / Share (Rs.)38.6356.1855.2262.73111.07
PBDIT / Share (Rs.)18.5329.2419.6126.6737.97
PBIT / Share (Rs.)16.5926.6118.5025.3934.56
PBT / Share (Rs.)15.9825.6918.4025.3334.22
Net Profit / Share (Rs.)13.3720.9415.1721.2226.03
NP After MI And SOA / Share (Rs.)13.1220.9415.1721.2226.03
PBDIT Margin (%)47.9652.0535.5142.5134.18
PBIT Margin (%)42.9647.3633.5040.4731.11
PBT Margin (%)41.3645.7333.3240.3730.81
Net Profit Margin (%)34.6037.2827.4733.8223.43
NP After MI And SOA Margin (%)33.9737.2827.4733.8223.43
Return on Networth / Equity (%)24.1924.9223.4043.6236.76
Return on Capital Employeed (%)27.6727.4827.9051.6047.88
Return On Assets (%)15.7013.1111.3217.7614.79
Long Term Debt / Equity (X)
Total Debt / Equity (X)
Asset Turnover Ratio (%)0.470.240.310.520.97
Current Ratio (X)0.781.391.150.860.71
Quick Ratio (X)0.571.281.050.860.71
Dividend Payout Ratio (NP) (%)5.710.
Dividend Payout Ratio (CP) (%)4.980.
Earning Retention Ratio (%)
Cash Earning Retention Ratio (%)
Interest Coverage Ratio (X)29.9332.02189.87433.99111.81
Interest Coverage Ratio (Post Tax) (X)22.5923.93147.91346.3577.65
Enterprise Value (Cr.)634.46417.6154.8736.02143.06
EV / Net Operating Revenue (X)
EV / EBITDA (X)16.7013.932.731.329.19
MarketCap / Net Operating Revenue (X)
Retention Ratios (%)
Price / BV (X)5.735.411.521.505.44
Price / Net Operating Revenue (X)

Innovana Thinklabs Ltd Profitability Ratios (%)

Innovana Thinklabs Ltd Liquidity Ratios

Innovana Thinklabs Ltd Liquidity Ratios (%)

Innovana Thinklabs Ltd Interest Coverage Ratios (%)

Innovana Thinklabs Ltd Valuation Ratios

Fair Value of Innovana Thinklabs Ltd Stock

Fair Value: ₹428.10

The stock is overvalued by 26.44% compared to the current price ₹582

*Investments are subject to market risks

Strength and Weakness of Innovana Thinklabs Ltd Stock

  1. The stock has a high average ROCE of 44.14%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -147.71, which is a positive sign.
  3. The company has higher reserves (51.75 cr) compared to borrowings (5.75 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (50.00 cr) and profit (18.57 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 24.33 and average Dividend Yield of 39.08%.
  2. The stock has a high average Cash Conversion Cycle of 8.00, 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 Innovana Thinklabs 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