CG-VAK Software & Exports Ltd

CG-VAK Software and Exports Limited primarily engages in the development of computer software. The company offers outsourced software product development services, including product life cycle, product maintenance, product migration, product testing, and technical writing/documentation.

  • Market Cap: 20.68 Cr.
  • Current Price: 40.95
  • 52 weeks High / Low 45.90 / 22.30
  • Book Value: 50.41
  • Stock P/E: 5.39
  • Dividend Yield: 1.83 %
  • ROCE: 26.20 %
  • ROE: 18.64 %
  • Sales Growth (3Yrs): 0.97 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Stock is trading at 0.81 times its book value
Company has been maintaining a healthy dividend payout of 20.52%
Cons:
The company has delivered a poor growth of 2.83% over past five years.
Company has a low return on equity of 11.08% for last 3 years.

Peer comparison Sector: IT - Software // Industry: Computers - Software - Medium / Small

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Dec 2014 Mar 2015 Mar 2016 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
8.76 9.85 8.20 9.11 9.54 9.72 8.83 8.48 9.04 9.87 9.65 10.70
8.47 8.92 7.60 8.44 7.69 8.10 7.84 8.10 8.03 8.71 8.31 8.34
Operating Profit 0.29 0.93 0.60 0.67 1.85 1.62 0.99 0.38 1.01 1.16 1.34 2.36
OPM % 3.31% 9.44% 7.32% 7.35% 19.39% 16.67% 11.21% 4.48% 11.17% 11.75% 13.89% 22.06%
Other Income -0.02 0.10 -0.03 -0.01 0.07 0.08 0.02 0.27 0.11 0.21 0.11 0.23
Interest 0.01 0.02 0.01 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.34
Depreciation 0.07 0.10 0.23 0.06 0.08 0.08 0.09 0.09 0.12 0.13 0.14 0.47
Profit before tax 0.19 0.91 0.33 0.57 1.84 1.62 0.92 0.56 1.00 1.24 1.31 1.78
Tax % -36.84% 28.57% 39.39% 31.58% 27.17% 27.16% 28.26% 39.29% 28.00% 27.42% 27.48% 28.09%
Net Profit 0.26 0.64 0.19 0.39 1.35 1.18 0.65 0.33 0.71 0.90 0.95 1.28
EPS in Rs 0.51 1.28 0.38 0.78 2.66 2.33 1.29 0.66 1.41 1.78 1.87 2.53
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
17.90 19.53 16.81 17.65 19.55 23.05 31.53 38.71 35.22 32.22 30.04 36.26 39.26
16.95 18.93 16.63 17.17 19.76 20.84 29.75 36.18 33.21 30.77 28.05 31.21 33.39
Operating Profit 0.95 0.60 0.18 0.48 -0.21 2.21 1.78 2.53 2.01 1.45 1.99 5.05 5.87
OPM % 5.31% 3.07% 1.07% 2.72% -1.07% 9.59% 5.65% 6.54% 5.71% 4.50% 6.62% 13.93% 14.95%
Other Income -0.37 0.75 0.23 0.60 0.06 0.18 0.30 0.23 0.25 0.12 0.36 0.45 0.66
Interest 0.37 0.36 0.24 0.20 0.24 0.27 0.14 0.11 0.11 0.20 0.13 0.15 0.34
Depreciation 0.47 0.62 0.74 0.72 0.76 0.77 0.49 0.54 0.24 0.28 0.28 0.35 0.86
Profit before tax -0.26 0.37 -0.57 0.16 -1.15 1.35 1.45 2.11 1.91 1.09 1.94 5.00 5.33
Tax % -46.15% 16.22% -5.26% 6.25% 9.57% 6.67% 20.00% 25.59% 30.89% 28.44% 28.35% 28.80%
Net Profit -0.38 0.31 -0.60 0.15 -1.04 1.26 1.16 1.57 1.33 0.77 1.39 3.57 3.84
EPS in Rs 0.00 0.61 0.00 0.30 0.00 2.41 2.20 3.01 2.52 1.53 2.76 7.06 7.59
Dividend Payout % -0.00% 0.00% -0.00% 0.00% -0.00% 20.04% 21.77% 16.08% 18.98% 32.79% 18.17% 10.61%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:6.38%
5 Years:2.83%
3 Years:0.97%
TTM:7.36%
Compounded Profit Growth
10 Years:23.04%
5 Years:25.21%
3 Years:38.98%
TTM:9.40%
Stock Price CAGR
10 Years:13.54%
5 Years:6.85%
3 Years:8.68%
1 Year:7.76%
Return on Equity
10 Years:7.29%
5 Years:10.80%
3 Years:11.08%
Last Year:18.64%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
5.05 5.05 5.05 5.05 5.05 5.05 5.05 5.05 5.05 5.05 5.05 5.05 5.05
Reserves 4.23 5.64 4.62 4.76 4.18 5.82 7.58 9.00 10.68 11.13 12.13 16.08 20.41
Borrowings 2.63 2.10 1.85 1.76 1.85 0.67 0.40 0.18 0.07 0.02 0.00 1.00 3.29
2.00 3.24 2.07 2.12 2.41 3.16 4.43 4.79 4.76 2.42 3.57 2.78 3.62
Total Liabilities 13.91 16.03 13.59 13.69 13.49 14.70 17.46 19.02 20.56 18.62 20.75 24.91 32.37
3.31 3.80 3.70 3.21 2.80 2.24 1.95 1.83 1.91 1.89 1.87 3.00 6.87
CWIP 0.25 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 0.34 0.36 0.00 0.50 1.30 1.05
10.35 12.23 9.89 10.48 10.69 12.46 15.51 16.85 18.29 16.73 18.38 20.61 24.45
Total Assets 13.91 16.03 13.59 13.69 13.49 14.70 17.46 19.02 20.56 18.62 20.75 24.91 32.37

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
0.04 1.78 1.04 0.48 -0.07 2.65 2.08 2.68 2.49 1.53 4.87 1.44
-0.33 -0.72 -0.63 -0.23 -0.36 -0.20 -0.18 -0.76 -0.30 0.15 -3.21 -2.27
-0.01 -0.52 -0.26 -0.28 -0.15 -1.47 -0.78 -0.50 -0.87 -0.37 -0.33 0.69
Net Cash Flow -0.30 0.54 0.15 -0.03 -0.58 0.98 1.12 1.42 1.33 1.31 1.33 -0.15

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 5.43% -2.02% -2.71% 3.12% -8.04% 14.32% 12.94% 16.29% 13.45% 8.06% 12.52% 26.20%
Debtor Days 147.84 151.94 128.11 143.93 153.47 136.34 125.60 102.78 103.53 81.79 59.66 62.21
Inventory Turnover

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
45.42 45.73 46.05 48.31 49.13 49.30 49.77 49.99 50.05 50.06 50.58 50.84
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.00
54.58 54.27 53.95 51.69 50.87 50.70 50.23 50.01 49.95 49.94 49.31 49.16