Athena Global Technologies Ltd

Athena Global Technologies Ltd

₹ 91.0 -0.11%
12 Apr 4:01 p.m.
About

Athena Global Technologies Limited, is engaged in Software Development & Consulting and Real Estate Activities.[1]

Key Points

Business segments
Software services: The Co provides services in the areas of Application Development, Blockchain, Cloud, RPA etc.
Online trade of pharmaceutical products: The Co’s digital health platform MedleyMed provides a telemedicine platform that enables both consumers and pharmacies to purchase pharmaceuticals/ medicines at the lowest price.
Real Estate: The Co is engaged in the sale of flats. The Company does not intend to carry on its business of Real Estate Segment in the future as it is not its core business activity. [1][2]

Revenue Split
Software: 62% in FY21 vs 47% in FY20
IT enable & Business support service: 17% in FY21 vs 1% in FY20
Real Estate segment: 21% in FY21 vs 52% in FY20 [3]

Geographical Mix
Domestic (including sale of flats): 36% in FY21 vs 53% in FY20
Exports: 64% in FY21 vs 47% in FY20 [4]

Partnerships
The Co has partnerships with various solution providers like UiPath, Automation Anywhere, Intellibot, Arria, Tresm Labs, Kore.ai among others. [5]

  • Market Cap 128 Cr.
  • Current Price 91.0
  • High / Low 110 / 45.1
  • Stock P/E
  • Book Value -16.0
  • Dividend Yield 0.00 %
  • ROCE -26.4 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.51% over past five years.
  • Company has high debtors of 237 days.
  • Working capital days have increased from 49.1 days to 192 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6.36 8.41 5.45 5.94 3.75 4.96 4.78 1.82 3.33 2.08 3.37 2.53 3.96
6.71 8.86 6.55 5.96 7.19 8.03 6.57 8.05 5.20 7.96 6.89 4.06 6.14
Operating Profit -0.35 -0.45 -1.10 -0.02 -3.44 -3.07 -1.79 -6.23 -1.87 -5.88 -3.52 -1.53 -2.18
OPM % -5.50% -5.35% -20.18% -0.34% -91.73% -61.90% -37.45% -342.31% -56.16% -282.69% -104.45% -60.47% -55.05%
0.08 1.13 1.45 0.71 6.26 0.74 0.09 0.23 0.23 0.04 0.03 0.33 -0.01
Interest 0.78 0.93 0.93 1.63 5.95 0.85 1.37 1.59 1.57 1.95 2.60 2.75 3.14
Depreciation 0.77 0.47 0.14 0.14 0.17 0.12 0.27 0.28 0.24 0.19 0.29 0.19 0.40
Profit before tax -1.82 -0.72 -0.72 -1.08 -3.30 -3.30 -3.34 -7.87 -3.45 -7.98 -6.38 -4.14 -5.73
Tax % -23.63% 62.50% -11.11% -9.26% -1.52% 14.24% 10.48% -0.13% -5.80% 6.14% 3.13% -23.67% 26.53%
-2.24 -0.28 -0.80 -1.18 -3.35 -2.83 -2.99 -7.89 -3.65 -7.50 -6.17 -5.12 -4.21
EPS in Rs -1.97 -0.24 -0.67 -1.00 -2.63 -2.22 -2.35 -6.19 -2.86 -5.61 -4.61 -3.83 -3.00
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2014 Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
15 6 8 11 8 14 26 26 20 12 12
13 12 7 14 11 14 26 26 28 27 25
Operating Profit 2 -5 1 -3 -3 -0 0 -0 -8 -15 -13
OPM % 10% -81% 10% -31% -33% -1% 1% -1% -38% -127% -110%
0 -0 0 1 4 2 2 2 9 1 0
Interest 1 0 0 1 1 2 3 5 9 7 10
Depreciation 1 0 0 0 0 0 4 3 0 1 1
Profit before tax 0 -6 1 -3 -0 -1 -4 -5 -8 -23 -24
Tax % 275% 0% 0% -1% 586% -140% -34% -20% 3% 3%
-0 -6 1 -3 0 -1 -6 -6 -8 -22 -23
EPS in Rs -0.09 -7.18 0.73 -3.31 0.34 -0.90 -2.88 -4.94 -5.80 -16.00 -17.05
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: -23%
TTM: -20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -32%
Stock Price CAGR
10 Years: 27%
5 Years: 16%
3 Years: 33%
1 Year: 52%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2014 Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 8 8 10 11 11 11 12 13 13 13
Reserves 18 -17 -17 -21 -20 -21 -23 -7 -5 -24 -36
5 3 3 4 4 3 6 10 45 74 81
3 22 22 21 29 36 39 43 24 31 40
Total Liabilities 34 15 16 14 23 30 34 58 77 95 99
8 3 3 6 5 6 5 29 39 38 64
CWIP 0 1 1 1 4 6 10 13 19 25 1
Investments 1 0 0 0 0 0 0 0 0 6 4
25 11 12 8 14 18 19 16 19 26 30
Total Assets 34 15 16 14 23 30 34 58 77 95 99

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2014 Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 3 0 0 5 -1 9 5 -4 -21
-1 -4 0 -2 -3 -3 -10 -7 -9 -13
1 1 -0 1 -1 4 2 1 12 35
Net Cash Flow -0 -0 0 -0 1 -1 1 0 -1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2014 Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 291 127 128 79 120 115 84 69 136 237
Inventory Days 188 11 9
Days Payable 48 77 84
Cash Conversion Cycle 291 127 128 79 120 115 84 208 70 162
Working Capital Days 463 -27 -17 -108 29 55 2 -56 12 192
ROCE % -14% 3% -26%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.28% 54.28% 57.66% 57.66% 57.66% 57.66% 57.66% 59.65% 59.65% 59.65% 61.57% 61.57%
45.72% 45.72% 42.34% 42.34% 42.34% 42.34% 42.34% 40.35% 40.35% 40.35% 38.43% 38.42%
No. of Shareholders 6,0566,0295,9875,9665,9455,9165,9075,9915,9845,9565,9996,096

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