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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Trigyn Technologies Ltd

About the Company - Trigyn Technologies Ltd

Trigyn Technologies Ltd. is a Public Limited Listed company incorporated on 25/03/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L72200MH1986PLC039341 and registration number is 039341. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 94.26 Cr. and Equity Capital is Rs. 30.79 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareUnit 27, SDF 1, Mumbai Maharashtra 400096ro@trigyn.com
http://www.trigyn.com
Management
NamePosition Held
Mr. R GanapathiChairman & Non-Exe.Director
Ms. P Bhavana RaoExecutive Director
Dr. P Raja Mohan RaoNon Executive Director
Mr. A R AnsariIndependent Director
Mr. Vivek KhareIndependent Director
Dr. B R PatilIndependent Director
Mr. K S SripathiIndependent Director
Ms. Lakshmi PotluriIndependent Director
Mr. V V PrasadIndependent Director

Trigyn Technologies Ltd. Share Price Update

Share PriceValue
Today₹128.25
Previous Day₹129.40

Basic Stock Data of Trigyn Technologies Ltd

Market Cap 397 Cr.
Current Price 129
High / Low168/84.8
Stock P/E113
Book Value 231
Dividend Yield0.00 %
ROCE9.28 %
ROE5.38 %
Face Value 10.0

Data Source: screener.in

Competitors of Trigyn Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Take Solutions Ltd 436 Cr. 29.435.8/12.7 6.890.00 %14.0 %62.5 % 1.00
Accedere Ltd 35.3 Cr. 70.189.0/49.4 8.200.00 %2.27 %0.73 % 10.0
Persistent Systems Ltd 65,256 Cr. 8,4838,980/3,95963.4 5740.47 %30.3 %25.3 % 10.0
Tata Consultancy Services Ltd 14,66,085 Cr. 4,0524,185/3,07032.2 2781.18 %58.7 %46.9 % 1.00
LTIMindtree Ltd 1,59,995 Cr. 5,4026,443/4,13034.8 6101.10 %37.7 %28.6 % 1.00
Industry Average338,361.46 Cr3,607.3026.08295.420.55%28.59%32.81%4.60

Trigyn Technologies Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales241237258250255262273285324340324322316
Expenses215217238229235246265272307317316305300
Operating Profit262120212016813172381816
OPM %11%9%8%8%8%6%3%5%5%7%2%5%5%
Other Income1011002112233
Interest1111111111000
Depreciation1111222222222
Profit before tax252020201814711162381917
Tax %28%28%37%28%35%34%46%47%33%33%67%36%37%
Net Profit1814121412946111531211
EPS in Rs5.794.584.034.623.853.011.211.933.514.980.843.933.53

Trigyn Technologies Ltd Quarterly Chart

Trigyn Technologies Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2733484514926256796858959119851,0411,2731,270
Expenses2583254074565636126238108338939751,2121,244
Operating Profit16224436626761857792656125
OPM %6%6%10%7%10%10%9%9%8%9%6%5%2%
Other Income13565211-4533611
Interest0011111123322
Depreciation1111111123777
Profit before tax16249840626660787889595828
Tax %31%34%18%39%38%41%34%38%36%30%34%40%
Net Profit1116812438393948506239354
EPS in Rs3.665.3327.498.3213.0213.1313.2015.7416.2720.1912.6911.261.15
Dividend Payout %0%0%0%0%0%0%0%5%2%0%0%0%

Trigyn Technologies Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)45.45%406.25%-70.37%58.33%2.63%0.00%23.08%4.17%24.00%-37.10%-10.26%
Change in YoY Net Profit Growth (%)0.00%360.80%-476.62%128.70%-55.70%-2.63%23.08%-18.91%19.83%-61.10%26.84%

Trigyn Technologies Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:13%
3 Years:12%
TTM:4%
Compounded Profit Growth
10 Years:8%
5 Years:-3%
3 Years:-12%
TTM:-90%
Stock Price CAGR
10 Years:16%
5 Years:14%
3 Years:23%
1 Year:25%
Return on Equity
10 Years:11%
5 Years:9%
3 Years:8%
Last Year:5%

Trigyn Technologies Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital29292929293030313131313131
Reserves5269193218260297341403473527577650680
Borrowings01000018610776
Other Liabilities34414951575875100108115140168181
Total Liabilities116140271299347385446541618683755856897
Fixed Assets2292918889909010099108107106
CWIP0000000011220
Investments00001114452183177
Other Assets114138179207258295355447513577624665614
Total Assets116140271299347385446541618683755856897

Trigyn Technologies Ltd Reserves and Borrowings Chart

Trigyn Technologies Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -4-1-40524615-18-18045-52
Cash from Investing Activity -71255-3-11112-9-21-22
Cash from Financing Activity 2-0-1-2-1-1-17-5-5-6-3
Net Cash Flow-10-1-32564313066719-77

Trigyn Technologies Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days9710010511483687479104899987
Inventory Days9
Days Payable407
Cash Conversion Cycle97100105114836874-319104899987
Working Capital Days586275825742506271575972
ROCE %27%27%29%17%24%22%17%21%17%17%10%9%

Trigyn Technologies Ltd Financial Efficiency Indicators Chart

Trigyn Technologies Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters44.51%44.51%44.51%44.51%44.51%44.51%44.51%44.51%44.51%44.51%44.51%44.51%
FIIs0.01%0.01%0.25%0.38%0.48%0.33%0.00%0.17%0.00%0.22%0.24%0.71%
Public55.48%55.48%55.24%55.12%55.01%55.16%55.48%55.33%55.49%55.28%55.24%54.78%
No. of Shareholders17,84221,52226,05131,51740,36140,43739,74638,41337,64737,23538,81536,925

Trigyn Technologies Ltd Shareholding Pattern Chart

No. of Trigyn Technologies Ltd Shareholders

This stock is not held by any mutual fund

Trigyn Technologies Ltd ROCE Trend

Trigyn Technologies Ltd EPS Trend

Trigyn Technologies Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)11.2612.6920.2016.2815.98
Diluted EPS (Rs.)11.2612.6920.1116.2815.90
Cash EPS (Rs.)13.4714.8721.2016.9516.14
Book Value[Excl.RevalReserv]/Share (Rs.)221.21197.37181.30163.56140.82
Book Value[Incl.RevalReserv]/Share (Rs.)221.21197.37181.30163.56140.82
Revenue From Operations / Share (Rs.)413.41338.01320.09295.77290.66
PBDIT / Share (Rs.)21.8522.1830.8026.6427.71
PBIT / Share (Rs.)19.6420.0129.7925.9627.31
PBT / Share (Rs.)18.9219.1128.9125.2425.48
Net Profit / Share (Rs.)11.2612.6920.2016.2715.74
NP After MI And SOA / Share (Rs.)11.2612.6920.2016.2715.74
PBDIT Margin (%)5.286.569.629.009.53
PBIT Margin (%)4.755.919.308.779.39
PBT Margin (%)4.575.659.038.538.76
Net Profit Margin (%)2.723.756.305.505.41
NP After MI And SOA Margin (%)2.723.756.305.505.41
Return on Networth / Equity (%)5.096.4311.139.9511.17
Return on Capital Employeed (%)8.7310.0116.1415.5618.91
Return On Assets (%)4.055.179.108.108.95
Long Term Debt / Equity (X)0.000.000.010.010.01
Total Debt / Equity (X)0.000.010.010.010.01
Asset Turnover Ratio (%)1.580.200.200.200.38
Current Ratio (X)3.363.694.023.933.85
Quick Ratio (X)3.303.673.993.883.84
Dividend Payout Ratio (NP) (%)0.000.000.004.600.00
Dividend Payout Ratio (CP) (%)0.000.000.004.420.00
Earning Retention Ratio (%)0.000.000.0095.400.00
Cash Earning Retention Ratio (%)0.000.000.0095.580.00
Interest Coverage Ratio (X)30.0124.6934.9137.0078.46
Interest Coverage Ratio (Post Tax) (X)16.4715.1223.8923.6149.76
Enterprise Value (Cr.)147.35204.153.24-53.90105.23
EV / Net Operating Revenue (X)0.110.190.00-0.050.11
EV / EBITDA (X)2.192.990.03-0.651.23
MarketCap / Net Operating Revenue (X)0.220.390.190.070.24
Retention Ratios (%)0.000.000.0095.390.00
Price / BV (X)0.410.680.340.130.50
Price / Net Operating Revenue (X)0.220.390.190.070.24
EarningsYield0.120.090.320.710.21

Trigyn Technologies Ltd Profitability Ratios (%)

Trigyn Technologies Ltd Liquidity Ratios

Trigyn Technologies Ltd Liquidity Ratios (%)

Trigyn Technologies Ltd Interest Coverage Ratios (X)

Trigyn Technologies Ltd Valuation Ratios

Fair Value / Intrinsic Value of Trigyn Technologies Ltd

Fair Value: ₹1432.43

The stock is undervalued by 1,010.41% compared to the current price ₹129

*Investments are subject to market risks

Strength and Weakness of Trigyn Technologies Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 19.75%, which is a positive sign.
  2. The company has higher reserves (364.62 cr) compared to borrowings (3.54 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (488.23 cr) and profit (58.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 24.54 and average Dividend Yield of 7.62%.
  2. The stock has a high average Working Capital Days of 62.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 58.42, which may not be favorable.

Should I Buy Trigyn Technologies Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Trigyn Technologies Ltd:
    1. Net Profit Margin: 2.72%
      • 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: 8.73% (Industry Average ROCE: 28.59%)
      • 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. Interest Coverage Ratio (Post Tax): 16.47
      • 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.
    4. Quick Ratio: 3.30
      • 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.
    5. ✗ Stock P/E: 113 (Industry average Stock P/E: 26.08)
      • 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.
    6. ✓ Total Debt / Equity: 0.00
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Trigyn 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