Synoptics Technologies Ltd
Incorporated in 2008, Synoptics Technologies
Ltd does trade in IT products and provides information & Telecom Technology networking solutions[1]
- Market Cap ₹ 103 Cr.
- Current Price ₹ 121
- High / Low ₹ 238 / 97.4
- Stock P/E 15.5
- Book Value ₹ 74.2
- Dividend Yield 0.00 %
- ROCE 27.5 %
- ROE 29.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 109 to 148 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 22.05 | 34.62 | 50.79 | 51.00 | |
| 15.69 | 26.76 | 39.74 | 35.53 | |
| Operating Profit | 6.36 | 7.86 | 11.05 | 15.47 |
| OPM % | 28.84% | 22.70% | 21.76% | 30.33% |
| 0.04 | 0.04 | 0.05 | 0.15 | |
| Interest | 1.66 | 1.54 | 1.39 | 2.30 |
| Depreciation | 2.32 | 3.06 | 3.88 | 4.57 |
| Profit before tax | 2.42 | 3.30 | 5.83 | 8.75 |
| Tax % | 15.70% | 26.36% | 26.42% | 24.34% |
| 2.04 | 2.43 | 4.29 | 6.63 | |
| EPS in Rs | 2.91 | 3.47 | 6.13 | 9.47 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| Last Year: | 30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 7.00 | 7.00 | 7.00 | 7.00 | 8.48 |
| Reserves | 5.30 | 7.73 | 12.02 | 18.40 | 54.42 |
| 12.90 | 11.95 | 14.10 | 21.77 | 15.88 | |
| 8.06 | 10.92 | 9.68 | 8.33 | 5.10 | |
| Total Liabilities | 33.26 | 37.60 | 42.80 | 55.50 | 83.88 |
| 11.97 | 11.63 | 12.64 | 8.98 | 11.12 | |
| CWIP | 0.33 | 0.45 | 1.08 | 3.84 | 0.45 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 20.96 | 25.52 | 29.08 | 42.68 | 72.31 | |
| Total Assets | 33.26 | 37.60 | 42.80 | 55.50 | 83.88 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 1.43 | 2.74 | 6.00 | -0.63 | |
| -2.04 | -2.81 | -5.35 | -3.67 | |
| 2.20 | -2.04 | -1.93 | 5.48 | |
| Net Cash Flow | 1.59 | -2.11 | -1.29 | 1.18 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 222.81 | 101.95 | 77.69 | 148.50 |
| Inventory Days | 70.39 | 43.03 | 94.86 | 124.82 |
| Days Payable | 190.19 | 86.46 | 67.41 | 59.62 |
| Cash Conversion Cycle | 103.01 | 58.51 | 105.14 | 213.70 |
| Working Capital Days | 167.52 | 144.65 | 110.10 | 212.34 |
| ROCE % | 18.66% | 24.15% | 27.53% |
Business Overview:[1]
a) STL is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to
the Branches, Supply, implementation and support of the network equipment needed
to run the IT setup like routers, switches etc.
b) It designs the solution for customers who need to put their applications in the Cloud, helps with the application migration and manages the setup in the cloud.
c) IT Service solutions like firewall installation and management
d) Data Centre design and solution with newer technology to optimize the investment
e) Synoptics helps organisations in their Digital journey with various use cases of specific industry verticals.