Odyssey Technologies Ltd

₹ 51.6 -0.77%
27 Jan - close price
About

Odyssey Technologies Ltd is engaged in the Business of Software development with a primary focus on information security products built around the Public Key Infrastructure and Cryptography. [1]

Key Points

Products & Services
Xorkee: Xorkee is a framework that simplifies public key-based authentication and digital signatures for users and service providers alike.
eSign: eSign enables every citizen with an Aadhaar Id to digitally sign any digital document online.
Altasigna: AltaSigna Maple is a powerful, standards-compliant digital signature solution that helps banks and other financial institutions comply with regulations pertaining to the National Payments Corporation of India’s National Automated Clearing House (NACH) Project.
Crypto: The company offers CryptoMagic, it is a comprehensive cryptographic tool kit to enable applications with PKI capabilities. Cryptography is the fundamental building block of security. CryptoMagic provides the developer with implementations of all standard cryptographic protocols, thus enabling fast and easy integration of cryptographic functionality into the application.[1][2] [3][4]

Revenue Split
Income from software products: 43% in FY21 vs 31% in FY20
Income from software services: 51% in FY21 vs 53% in FY20
Income from software exports: 6 % in FY21 vs 5% in FY20
Income from resale activities: NIL in FY21 vs 11% in FY20[5][6]

New Product
Xorkeesign India G2C: This product is a browser extension for Google Chrome and Microsoft Edge browsers that enables visitors to the Indian Income Tax Portal to sign their tax returns and certificate registrations. [7]

R&D
The company spent 34% of its revenue on Research and Development in FY21. This includes the cost of development, hardware &
software support, port charges, Internet connectivity charges, etc. [8]

  • Market Cap 81.5 Cr.
  • Current Price 51.6
  • High / Low 88.0 / 42.0
  • Stock P/E 37.9
  • Book Value 27.7
  • Dividend Yield 0.00 %
  • ROCE 15.6 %
  • ROE 11.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.07% over last 3 years.
  • Earnings include an other income of Rs.1.49 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
5.07 4.92 4.01 2.94 4.47 5.17 4.53 7.53 5.53 5.09 5.55 5.01 5.72
3.58 3.77 2.64 2.57 2.87 2.96 2.79 3.72 3.75 3.77 4.44 4.40 4.39
Operating Profit 1.49 1.15 1.37 0.37 1.60 2.21 1.74 3.81 1.78 1.32 1.11 0.61 1.33
OPM % 29.39% 23.37% 34.16% 12.59% 35.79% 42.75% 38.41% 50.60% 32.19% 25.93% 20.00% 12.18% 23.25%
0.26 0.22 0.21 0.22 0.17 0.15 0.17 0.20 0.25 0.27 0.35 0.35 0.52
Interest 0.12 0.11 0.10 0.10 0.07 0.04 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Depreciation 1.04 1.04 0.88 0.91 0.92 0.92 0.76 0.79 0.81 0.81 0.65 0.70 0.70
Profit before tax 0.59 0.22 0.60 -0.42 0.78 1.40 1.15 3.22 1.22 0.78 0.81 0.26 1.15
Tax % 15.25% 40.91% 28.33% 2.38% -0.00% 18.57% 27.83% 27.95% 25.41% 32.05% 28.40% 19.23% 27.83%
Net Profit 0.50 0.13 0.43 -0.41 0.77 1.14 0.83 2.33 0.91 0.53 0.58 0.21 0.83
EPS in Rs 0.56 0.15 0.49 -0.26 0.49 0.72 0.53 1.48 0.58 0.34 0.37 0.13 0.53
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
5.32 4.37 5.68 7.66 10.15 10.42 11.91 13.66 13.62 17.65 16.59 22.67 21.37
3.76 3.83 4.85 5.47 6.30 6.74 7.86 9.11 10.50 12.99 11.06 14.02 17.00
Operating Profit 1.56 0.54 0.83 2.19 3.85 3.68 4.05 4.55 3.12 4.66 5.53 8.65 4.37
OPM % 29.32% 12.36% 14.61% 28.59% 37.93% 35.32% 34.01% 33.31% 22.91% 26.40% 33.33% 38.16% 20.45%
0.09 0.14 0.17 0.25 0.20 0.62 0.65 0.40 0.56 0.81 0.76 0.89 1.49
Interest 0.02 0.04 0.02 0.02 0.01 0.03 0.30 0.69 0.58 0.50 0.31 -0.00 0.00
Depreciation 0.13 0.12 0.13 0.14 0.23 0.44 0.54 0.95 2.05 4.15 3.63 3.16 2.86
Profit before tax 1.50 0.52 0.85 2.28 3.81 3.83 3.86 3.31 1.05 0.82 2.35 6.38 3.00
Tax % -0.00% -0.00% -0.00% 7.46% 23.62% 33.16% 33.16% 27.19% 38.10% 45.12% 17.87% 27.74%
Net Profit 1.50 0.52 0.85 2.11 2.91 2.56 2.58 2.41 0.64 0.45 1.93 4.60 2.15
EPS in Rs 1.69 0.59 0.96 2.38 3.28 2.89 2.91 2.72 0.72 0.51 1.23 2.92 1.37
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: 18%
5 Years: 14%
3 Years: 19%
TTM: -6%
Compounded Profit Growth
10 Years: 24%
5 Years: 12%
3 Years: 95%
TTM: -59%
Stock Price CAGR
10 Years: 33%
5 Years: 0%
3 Years: 40%
1 Year: -39%
Return on Equity
10 Years: 11%
5 Years: 6%
3 Years: 6%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
8.86 8.86 8.86 8.86 8.86 8.86 8.86 8.86 8.51 8.51 15.75 15.75 15.75
Reserves -6.04 -5.52 -4.67 -2.57 0.33 3.07 5.71 7.79 27.72 27.95 22.71 27.34 27.97
0.02 0.04 0.07 0.04 0.36 0.18 7.66 6.76 5.75 4.66 -0.00 -0.00 -0.00
1.03 0.81 1.14 0.52 2.02 1.78 2.36 2.21 2.36 2.86 3.16 3.12 5.43
Total Liabilities 3.87 4.19 5.40 6.85 11.57 13.89 24.59 25.62 44.34 43.98 41.62 46.21 49.15
0.47 0.44 0.53 0.66 1.13 0.83 12.10 11.29 28.30 25.06 22.00 19.25 18.62
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
3.40 3.75 4.87 6.19 10.44 13.06 12.49 14.33 16.04 18.92 19.62 26.96 30.53
Total Assets 3.87 4.19 5.40 6.85 11.57 13.89 24.59 25.62 44.34 43.98 41.62 46.21 49.15

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1.20 0.11 0.56 1.48 2.52 2.58 2.13 2.04 5.02 2.80 4.51 7.31
-1.02 0.04 -0.05 -0.07 -0.52 0.46 -11.15 0.25 0.39 -0.42 0.14 0.48
-0.37 -0.01 0.01 -0.05 0.31 -0.22 7.19 -1.59 -1.59 -1.59 -4.97 -0.00
Net Cash Flow -0.19 0.14 0.52 1.36 2.31 2.82 -1.84 0.70 3.83 0.79 -0.32 7.79

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 50.77 54.29 76.47 50.51 117.95 120.15 161.20 153.64 74.77 87.68 122.33 90.49
Inventory Days -0.00 -0.00 -0.00
Days Payable
Cash Conversion Cycle 50.77 54.29 76.47 50.51 117.95 120.15 161.20 153.64 74.77 87.68 122.33 90.49
Working Capital Days 88.51 136.14 124.02 115.79 147.44 140.82 145.57 160.59 108.80 121.18 147.63 100.79
ROCE % 64.27% 18.01% 22.77% 43.44% 49.12% 35.64% 24.23% 17.53% 4.89% 3.03% 6.63% 15.62%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
21.03 21.03 17.76 55.47 55.48 55.48 55.48 55.48 55.48 55.48 55.48 55.36
78.97 78.97 82.24 44.53 44.52 44.52 44.52 44.52 44.52 44.52 44.53 44.62

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