Algoquant Fintech Ltd

₹ 1,196 -0.17%

26 Jul - close price

About

Incorporated in 1983, Algoquant Fintech Ltd is in the business of trading in financial instruments^[1]

Key Points

Business Overview:^[1]^[2]
AFL (Formerly known as Hindustan Everest Tools Limited ) is a technology driven trading Firm. It deals in low risk arbitrage and high frequency trading in the Indian Capital Markets by running sophisticated algorithms at ultralow latencies. It is in the business of completely hedged derivatives arbitrage with a high focus on technology development and innovation. Algoquant combines mathematics, economics with software and latest hardware to provide arbitrage trade management, risk management systems and execution engines.

Website BSE

Market Cap ₹ 961 Cr.
Current Price ₹ 1,196
High / Low ₹ 1,620 / 573
Stock P/E 98.0
Book Value ₹ 55.1
Dividend Yield 0.00 %
ROCE 22.1 %
ROE 25.0 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company has delivered good profit growth of 63.0% CAGR over last 5 years

Cons

Stock is trading at 21.7 times its book value
Company has a low return on equity of 10.1% over last 3 years.
Promoters have pledged 26.7% of their holding.
Company's cost of borrowing seems high

* 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: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	3.24	3.98	2.02	5.11	5.28	-0.35	7.16	5.75	0.28	10.72	11.06	21.12	21.28
	0.97	1.83	2.04	4.71	4.69	1.59	3.21	3.76	9.81	8.61	9.65	14.83	15.88
Operating Profit	2.27	2.15	-0.02	0.40	0.59	-1.94	3.95	1.99	-9.53	2.11	1.41	6.29	5.40
OPM %	70.06%	54.02%	-0.99%	7.83%	11.17%		55.17%	34.61%	-3,403.57%	19.68%	12.75%	29.78%	25.38%
	1.30	0.06	0.81	0.05	0.00	0.22	0.25	0.04	-0.14	0.10	0.41	0.10	0.20
Interest	0.12	0.13	0.22	0.22	0.07	0.18	0.31	0.03	1.07	1.09	1.20	1.18	0.94
Depreciation	0.00	0.00	0.00	0.01	0.03	0.05	0.05	0.05	0.07	0.10	0.16	0.51	0.43
Profit before tax	3.45	2.08	0.57	0.22	0.49	-1.95	3.84	1.95	-10.81	1.02	0.46	4.70	4.23
Tax %	15.94%	17.31%	-10.53%	-13.64%	-67.35%	-31.28%	25.00%	8.21%	-37.74%	53.92%	4.35%	8.72%	-12.53%
	2.89	1.72	0.64	0.25	0.82	-1.34	2.87	1.79	-6.74	0.47	0.43	4.28	4.76
EPS in Rs	3.61	2.15	0.80	0.31	1.02	-1.67	3.57	2.23	-8.39	0.58	0.54	5.33	5.92
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	36.01	41.06	43.29	26.89	6.69	0.00	0.13	1.33	5.19	16.59	13.46	64.17
	36.02	37.89	42.36	31.57	19.85	0.00	1.61	1.93	2.12	13.45	17.88	48.95
Operating Profit	-0.01	3.17	0.93	-4.68	-13.16	0.00	-1.48	-0.60	3.07	3.14	-4.42	15.22
OPM %	-0.03%	7.72%	2.15%	-17.40%	-196.71%		-1,138.46%	-45.11%	59.15%	18.93%	-32.84%	23.72%
	0.17	-0.48	-0.02	0.87	0.93	51.77	0.49	-2.88	1.45	0.90	-0.73	0.80
Interest	1.56	1.49	1.67	1.53	1.32	0.00	0.00	0.19	0.12	0.64	1.60	4.41
Depreciation	0.65	0.62	0.60	0.60	0.59	0.00	0.04	0.21	0.00	0.04	0.22	1.20
Profit before tax	-2.05	0.58	-1.36	-5.94	-14.14	51.77	-1.03	-3.88	4.40	3.36	-6.97	10.41
Tax %	7.80%	-25.86%	5.88%	7.91%	1.27%	0.00%	0.00%	277.06%	15.23%	-2.38%	-51.08%	4.32%
	-2.20	0.72	-1.44	-6.40	-14.31	51.77	-1.03	-14.63	3.73	3.43	-3.42	9.95
EPS in Rs	-2.75	0.90	-1.80	-8.00	-17.89	64.71	-1.29	-18.29	4.66	4.27	-4.26	12.38
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%

Compounded Sales Growth
10 Years:	5%
5 Years:	246%
3 Years:	131%
TTM:	377%

Compounded Profit Growth
10 Years:	22%
5 Years:	63%
3 Years:	57%
TTM:	434%

Stock Price CAGR
10 Years:	59%
5 Years:	148%
3 Years:	147%
1 Year:	90%

Return on Equity
10 Years:	%
5 Years:	-3%
3 Years:	10%
Last Year:	25%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.61	1.61	1.61	1.61	1.61	1.61	1.61	1.61	1.61	1.61	1.61	1.61
Reserves	0.26	0.98	-0.47	-6.87	-21.18	30.44	29.41	14.78	18.51	31.93	32.68	42.65
	18.03	16.67	15.74	14.82	11.51	0.00	0.00	0.00	0.00	0.00	30.47	23.69
	10.98	12.45	12.31	13.91	16.14	9.98	1.34	3.51	5.20	9.05	7.08	7.70
Total Liabilities	30.88	31.71	29.19	23.47	8.08	42.03	32.36	19.90	25.32	42.59	71.84	75.65
	6.79	6.75	6.43	6.55	5.67	1.32	1.16	0.00	0.00	1.14	1.73	8.28
CWIP	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.07	0.07	0.07	0.07	0.14	26.72	19.99	18.40	5.19	33.38	18.16	5.68
	24.02	24.89	22.69	16.84	2.27	13.99	11.21	1.50	20.13	8.07	51.95	61.69
Total Assets	30.88	31.71	29.19	23.47	8.08	42.03	32.36	19.90	25.32	42.59	71.84	75.65

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-2.05	3.58	2.83	2.06	3.75	-21.38	-8.15	-1.98	-17.89	20.19	-37.20	-0.83
	-0.70	-0.64	-0.37	-0.70	1.19	34.04	8.28	2.80	17.12	-18.05	9.36	14.14
	2.68	-2.67	-2.42	-1.78	-4.99	-12.03	-0.65	0.00	-0.12	-0.64	29.17	-14.29
Net Cash Flow	-0.07	0.27	0.03	-0.42	-0.05	0.64	-0.52	0.82	-0.88	1.49	1.32	-0.98

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	53.32	44.09	43.68	43.03	22.91		0.00	0.00	58.37	0.00	0.00	0.00
Inventory Days	417.22	346.56	284.59	369.28	53.89		0.00
Days Payable	157.15	161.55	141.51	237.72	324.99
Cash Conversion Cycle	313.38	229.11	186.76	174.59	-248.18		0.00	0.00	58.37	0.00	0.00	0.00
Working Capital Days	137.95	111.74	88.78	40.45	-799.84		-3,453.46	-869.96	1,009.90	-51.48	1,020.16	297.20
ROCE %	-2.05%	13.94%	2.27%	-33.21%	-1,804.00%	431.60%	-3.27%	-2.24%	16.98%	13.49%	-8.93%	22.11%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	65.85%	65.85%	65.85%	65.84%	65.91%	65.91%	65.91%	65.91%	65.91%	65.91%	65.91%	65.62%
	3.20%	4.25%	4.87%	4.87%	5.24%	5.55%	5.83%	5.62%	5.62%	5.61%	5.48%	5.51%
	0.08%	0.07%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
	30.87%	29.82%	29.20%	29.21%	28.77%	28.47%	28.18%	28.41%	28.40%	28.41%	28.53%	28.79%
No. of Shareholders	2,070	2,734	2,821	2,694	2,609	2,458	2,382	2,285	2,232	2,477	2,619	2,606

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	51.97%	51.97%	51.97%	51.97%	65.85%	65.85%	65.91%	65.91%	65.62%
	0.00%	0.00%	0.00%	0.00%	0.00%	4.87%	5.83%	5.48%	5.51%
	2.09%	2.09%	2.09%	2.09%	1.85%	0.08%	0.08%	0.08%	0.08%
	45.94%	45.94%	45.93%	45.93%	32.30%	29.20%	28.18%	28.53%	28.79%
No. of Shareholders	1,893	1,771	1,780	1,775	1,730	2,821	2,382	2,619	2,606

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Algoquant Fintech Ltd

Algoquant Fintech Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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