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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Melstar Information Technologies Ltd

About the Company - Melstar Information Technologies Ltd

Melstar Information Technology Ltd. is a Public Limited Listed company incorporated on 12/08/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1986PLC040604 and registration number is 040604. Currently company belongs to the Industry of IT Consulting & Software. Company’s Total Operating Revenue is Rs. 11.13 Cr. and Equity Capital is Rs. 14.28 Cr. for the Year ended 31/03/2020.
INDUSTRYADDRESSCONTACT
IT Consulting & Software5th Floor, 159, Industry House, Mumbai Maharashtra 400020info@melstar.com
http://www.melstar.com
Management
NamePosition Held
Mr. Anant Satish PathakManaging Director
Ms. Kriti TripathiAdditional Director
Mr. Vineet Kumar TripathiAdditional Director
Mr. Sirish Kumar SahooAdditional Director
Mr. Pramod Shuvaji BhosaleAdditional Director
Mr. Shireen Mohd Haneef KhanAdditional Director

Melstar Information Technology Ltd. Share Price Update

Share PriceValue
Today₹5.48
Previous Day₹5.59

Basic Stock Data of Melstar Information Technologies Ltd

Market Cap 7.28 Cr.
Current Price 5.10
High / Low6.30/1.85
Stock P/E
Book Value 2.77
Dividend Yield0.00 %
ROCE177 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of Melstar Information Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Xelpmoc Design and Tech Ltd 184 Cr. 126146/71.0 46.80.00 %20.9 %21.3 % 10.0
Persistent Systems Ltd 66,764 Cr. 8,6798,980/3,95964.9 5740.47 %30.3 %25.3 % 10.0
Vakrangee Ltd 2,798 Cr. 26.432.2/13.31,255 1.130.19 %2.65 %0.87 % 1.00
RS Software (India) Ltd 348 Cr. 135136/21.128.7 13.20.00 %24.4 %24.8 % 5.00
Oracle Financial Services Software Ltd 66,948 Cr. 7,7278,135/3,11531.3 7502.86 %35.1 %24.8 % 5.00
Industry Average133.2 Cr60.4825.18277.030.7%22.67%19.41%6.2

Melstar Information Technologies Ltd Quarterly Results

MonthDec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020
Sales0.810.790.870.870.800.892.213.023.292.600.670.620.53
Expenses1.641.511.721.771.756.462.704.294.054.530.820.930.74
Operating Profit-0.83-0.72-0.85-0.90-0.95-5.57-0.49-1.27-0.76-1.93-0.15-0.31-0.21
OPM %-102.47%-91.14%-97.70%-103.45%-118.75%-625.84%-22.17%-42.05%-23.10%-74.23%-22.39%-50.00%-39.62%
Other Income3.180.350.730.310.507.500.020.010.040.010.000.000.00
Interest0.490.600.490.460.13-0.220.150.170.11-0.160.000.000.00
Depreciation0.15-0.170.000.000.000.000.070.47-0.540.000.000.000.00
Profit before tax1.71-0.80-0.61-1.05-0.582.15-0.69-1.90-0.29-1.76-0.15-0.31-0.21
Tax %1.17%-21.25%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit1.70-0.97-0.61-1.06-0.582.15-0.70-1.90-0.29-1.77-0.15-0.32-0.21
EPS in Rs1.19-0.68-0.43-0.74-0.411.51-0.49-1.33-0.20-1.24-0.11-0.22-0.15

Melstar Information Technologies Ltd Quarterly Chart

Melstar Information Technologies Ltd Profit & Loss

MonthMar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales18.2419.4924.8552.8720.3618.2322.3130.9020.983.303.4311.134.42
Expenses19.0722.2123.5051.3521.9219.8921.1028.6622.637.2411.7013.937.02
Operating Profit-0.83-2.721.351.52-1.56-1.661.212.24-1.65-3.94-8.27-2.80-2.60
OPM %-4.55%-13.96%5.43%2.87%-7.66%-9.11%5.42%7.25%-7.86%-119.39%-241.11%-25.16%-58.82%
Other Income0.930.841.491.631.681.07-0.780.230.123.649.04-1.570.01
Interest0.290.500.520.460.810.921.371.621.701.950.860.28-0.16
Depreciation0.960.930.860.860.840.820.710.650.630.280.010.010.00
Profit before tax-1.15-3.311.461.83-1.53-2.33-1.650.20-3.86-2.53-0.10-4.66-2.43
Tax %1.74%9.97%0.00%20.22%5.23%-3.00%0.00%0.00%-0.52%-7.51%0.00%0.00%
Net Profit-1.13-2.981.461.46-1.45-2.41-1.650.20-3.89-2.72-0.10-4.65-2.45
EPS in Rs-0.79-2.091.021.02-1.02-1.69-1.160.14-2.72-1.90-0.07-3.26-1.72
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%

Melstar Information Technologies Ltd Profit & Loss Yearly Chart

Melstar Information Technologies Ltd Growth

Compounded Sales Growth
10 Years:-5%
5 Years:-13%
3 Years:-19%
TTM:-53%
Compounded Profit Growth
10 Years:0%
5 Years:%
3 Years:7%
TTM:-231%
Stock Price CAGR
10 Years:12%
5 Years:39%
3 Years:42%
1 Year:117%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Melstar Information Technologies Ltd Balance Sheet

MonthMar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Sep 2020
Equity Capital14.2814.2814.2814.2814.2814.2814.2814.2814.2814.2814.2814.2814.28
Reserves-0.52-3.51-2.06-0.62-2.07-4.56-6.50-6.33-10.25-13.02-13.13-17.78-18.24
Borrowings1.683.442.511.845.277.958.799.4810.1311.652.472.972.97
Other Liabilities3.904.734.9817.5813.413.255.5410.308.3110.5210.1612.5812.28
Total Liabilities19.3418.9419.7133.0830.8920.9222.1127.7322.4723.4313.7812.0511.29
Fixed Assets13.3412.3511.6710.859.999.148.177.626.966.280.010.010.01
CWIP0.000.000.000.000.000.000.912.332.352.350.000.000.00
Investments0.120.000.000.000.000.000.350.950.462.261.910.142.34
Other Assets5.886.598.0422.2320.9011.7812.6816.8312.7012.5411.8611.908.94
Total Assets19.3418.9419.7133.0830.8920.9222.1127.7322.4723.4313.7812.0511.29

Melstar Information Technologies Ltd Reserves and Borrowings Chart

Melstar Information Technologies Ltd Cash Flow

MonthMar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity 0.31-1.350.981.15-0.25-2.301.012.911.32-0.42-7.561.55
Cash from Investing Activity 0.480.07-0.180.05-2.640.37-0.48-2.120.460.408.61-0.01
Cash from Financing Activity -0.601.25-1.14-1.252.891.79-0.49-0.88-1.670.06-1.21-0.28
Net Cash Flow0.19-0.03-0.34-0.050.00-0.140.04-0.090.110.05-0.161.27

Melstar Information Technologies Ltd Financial Efficiency Indicators

MonthMar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Debtor Days48.0369.6766.68128.06219.2562.8772.9752.9235.32121.6735.1278.05
Inventory Days0.00
Days Payable
Cash Conversion Cycle48.0369.6766.68128.06219.2562.8772.9752.9235.32121.6735.1278.05
Working Capital Days26.0123.7817.3314.9184.80121.5366.5924.5773.42206.83183.03-71.49
ROCE %-4.78%-18.55%13.68%15.22%-4.37%-7.85%8.82%10.53%-13.68%-25.12%-72.35%-176.70%

Melstar Information Technologies Ltd Financial Efficiency Indicators Chart

Melstar Information Technologies Ltd Share Holding Pattern

MonthMar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020
Promoters47.06%47.06%47.06%47.06%47.06%47.06%47.06%47.06%47.06%47.06%47.06%47.06%
DIIs0.70%0.70%0.70%0.70%0.70%0.70%0.70%0.70%0.70%0.70%0.70%0.00%
Public52.24%52.24%52.24%52.24%52.24%52.24%52.24%52.24%52.24%52.24%52.24%52.94%
No. of Shareholders9,5889,5979,5669,5629,5509,5399,5539,5379,92310,27210,12710,122

Melstar Information Technologies Ltd Shareholding Pattern Chart

No. of Melstar Information Technologies Ltd Shareholders

This stock is not held by any mutual fund

Melstar Information Technologies Ltd ROCE Trend

Melstar Information Technologies Ltd EPS Trend

Melstar Information Technologies Ltd Key Financial Ratios

MonthMar 16Mar 15Mar 14Mar 13Mar 12
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-0.26-1.16-1.70-0.921.04
Diluted EPS (Rs.)-0.26-1.16-1.70-0.921.04
Cash EPS (Rs.)0.22-0.66-1.13-0.321.65
Book Value[Excl.RevalReserv]/Share (Rs.)5.165.456.818.579.49
Book Value[Incl.RevalReserv]/Share (Rs.)5.165.456.818.579.49
Revenue From Operations / Share (Rs.)22.0715.6513.0214.7437.48
PBDIT / Share (Rs.)1.351.54-0.430.182.23
PBIT / Share (Rs.)0.861.05-1.00-0.401.62
PBT / Share (Rs.)-0.23-1.16-1.65-0.971.30
Net Profit / Share (Rs.)-0.26-1.16-1.70-0.911.04
NP After MI And SOA / Share (Rs.)-0.26-1.16-1.70-0.911.04
PBDIT Margin (%)6.139.86-3.321.225.93
PBIT Margin (%)3.936.68-7.72-2.764.33
PBT Margin (%)-1.08-7.43-12.67-6.593.47
Net Profit Margin (%)-1.19-7.43-13.06-6.222.78
NP After MI And SOA Margin (%)-1.19-7.43-13.06-6.222.78
Return on Networth / Equity (%)-5.12-21.35-24.97-10.7010.99
Return on Capital Employeed (%)15.4518.07-14.27-4.6116.66
Return On Assets (%)-1.29-7.50-11.59-4.204.47
Long Term Debt / Equity (X)0.010.000.000.000.00
Total Debt / Equity (X)1.501.130.810.430.12
Asset Turnover Ratio (%)1.241.040.690.632.00
Current Ratio (X)0.610.660.830.981.03
Quick Ratio (X)0.590.660.830.981.03
Interest Coverage Ratio (X)1.221.61-0.670.326.89
Interest Coverage Ratio (Post Tax) (X)0.761.09-1.64-0.624.23
Enterprise Value (Cr.)19.1214.6710.729.4010.30
EV / Net Operating Revenue (X)0.600.650.570.440.19
EV / EBITDA (X)9.896.65-17.3536.363.24
MarketCap / Net Operating Revenue (X)0.250.260.150.200.16
Price / BV (X)1.100.770.290.350.65
Price / Net Operating Revenue (X)0.250.260.150.200.16
EarningsYield-0.04-0.27-0.85-0.290.16

Melstar Information Technologies Ltd Profitability Ratios (%)

Melstar Information Technologies Ltd Liquidity Ratios

Melstar Information Technologies Ltd Liquidity Ratios (%)

Melstar Information Technologies Ltd Interest Coverage Ratios (%)

Melstar Information Technologies Ltd Valuation Ratios

Fair Value of Melstar Information Technologies Ltd Stock

Fair Value: ₹6.36

The stock is undervalued by 24.65% compared to the current price ₹5.1

*Investments are subject to market risks

Strength and Weakness of Melstar Information Technologies Ltd Stock

StrengthWeakness
    1. The stock is trading at a high valuation with an average P/B ratio of 0.43 and average Dividend Yield of 0.89%.
    2. The stock has a low average ROCE of -22.93%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 64.28, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 82.55, which may not be favorable.
    5. The company has higher borrowings (5.47) compared to reserves (-7.58), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (19.27) and profit (-1.54).

    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 Melstar Information 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