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Last Updated on: 23 June, 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.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwarePlot No. D-41, Patrakar Colony, Near Jawahar Nagar Moti Dungri Vistar Yojna, Jaipur Rajasthan 302004cs@innovanathinklabs.com
http://www.innovanathinklabs.com
Management
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

Basic Stock Data of Innovana Thinklabs Ltd

Last Updated: June 21, 2024, 10:49 pm

Market Cap 1,059 Cr.
Current Price 517
High / Low800/330
Stock P/E25.7
Book Value 79.7
Dividend Yield0.05 %
ROCE35.1 %
ROE30.1 %
Face Value 10.0
PEG Ratio1.26

Innovana Thinklabs Ltd Quarterly Results

MonthJun 2022Sep 2022Mar 2023Jun 2023Sep 2023
Sales1415262825
Expenses1111151414
Operating Profit34111311
OPM %23%29%42%48%45%
Other Income32124
Interest00000
Depreciation11111
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
Sales16314564575879
Expenses14203140403248
Operating Profit1111424162631
OPM %8%36%31%38%28%45%39%
Other Income0013447
Interest0000011
Depreciation0011134
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:17%
3 Years:21%
TTM:27%
Compounded Profit Growth
10 Years:%
5 Years:32%
3 Years:40%
TTM:77%
Stock Price CAGR
10 Years:%
5 Years:66%
3 Years:79%
1 Year:64%
Return on Equity
10 Years:%
5 Years:29%
3 Years:27%
Last Year:30%

Last Updated: June 17, 2024, 10:53 am

Innovana Thinklabs Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0441010102020
Reserves1142540567691111
Borrowings20111151214
Other Liabilities312437270574831
Total Liabilities63072122137158171178
Fixed Assets19131214282727
CWIP40000020
Investments02284641413942
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 2019Sep 2019Dec 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
Promoters73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.19%73.19%73.23%73.23%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.10%0.06%0.13%0.14%
DIIs0.00%0.00%0.24%0.15%0.15%0.15%0.15%0.10%0.00%0.00%0.00%0.00%
Public26.83%26.83%26.59%26.69%26.69%26.68%26.67%26.73%26.71%26.75%26.64%26.63%
No. of Shareholders2032382742732962972842812803284821,073

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
FaceValue10.0010.0010.0010.0010.00
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)0.000.020.010.010.01
Total Debt / Equity (X)0.010.040.010.010.01
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) (%)5.710.000.000.000.00
Dividend Payout Ratio (CP) (%)4.980.000.000.000.00
Earning Retention Ratio (%)94.290.000.000.000.00
Cash Earning Retention Ratio (%)95.020.000.000.000.00
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)8.017.250.960.563.14
EV / EBITDA (X)16.7013.932.731.329.19
MarketCap / Net Operating Revenue (X)8.058.101.791.163.47
Retention Ratios (%)94.280.000.000.000.00
Price / BV (X)5.735.411.521.505.44
Price / Net Operating Revenue (X)8.058.101.791.163.47
EarningsYield0.040.040.150.290.06

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

Fair Value: 616.84

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: 19.31% compared to the current price 517

Intrinsic Value: 742.27

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: 43.57% compared to the current price ₹517

Last 5 Year EPS CAGR: 20.33%

*Investments are subject to market risks

Strength and Weakness of Innovana Thinklabs Ltd Stock

StrengthWeakness
  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 has a high average Cash Conversion Cycle of 8.00, which may not be favorable.

FAQ

What is the latest fair value of Innovana Thinklabs Ltd?

The latest fair value of Innovana Thinklabs Ltd is ₹616.84.

What is the Market Cap of Innovana Thinklabs Ltd?

The Market Cap of Innovana Thinklabs Ltd is 1,059 Cr..

What is the current Stock Price of Innovana Thinklabs Ltd as on 23 June 2024?

The current stock price of Innovana Thinklabs Ltd as on 23 June 2024 is ₹517.

What is the High / Low of Innovana Thinklabs Ltd stocks in FY 2024?

In FY 2024, the High / Low of Innovana Thinklabs Ltd stocks is 800/330.

What is the Stock P/E of Innovana Thinklabs Ltd?

The Stock P/E of Innovana Thinklabs Ltd is 25.7.

What is the Book Value of Innovana Thinklabs Ltd?

The Book Value of Innovana Thinklabs Ltd is 79.7.

What is the Dividend Yield of Innovana Thinklabs Ltd?

The Dividend Yield of Innovana Thinklabs Ltd is 0.05 %.

What is the ROCE of Innovana Thinklabs Ltd?

The ROCE of Innovana Thinklabs Ltd is 35.1 %.

What is the ROE of Innovana Thinklabs Ltd?

The ROE of Innovana Thinklabs Ltd is 30.1 %.

What is the Face Value of Innovana Thinklabs Ltd?

The Face Value of Innovana Thinklabs 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 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 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