Suyog Telematics Ltd
Incorporated in 1995, Suyog Telematics Limited is engaged primarily in the business of installing, commissioning and servicing of poles, towers and optical fibre cabe (OFC ) systems, catering to the telecommunication industry with operators across 12 telecom circles in India.
The company is registered as Infrastructure Provider Category-I (IP-I) with the Department of Telecommunications (DoT).
- Market Cap ₹ 1,253 Cr.
- Current Price ₹ 1,176
- High / Low ₹ 1,365 / 330
- Stock P/E 20.8
- Book Value ₹ 248
- Dividend Yield 0.04 %
- ROCE 21.5 %
- ROE 21.9 %
- Face Value ₹ 10.0
Pros
- Company's median sales growth is 24.5% of last 10 years
Cons
- The company has delivered a poor sales growth of 11.2% over past five years.
- Debtor days have increased from 84.9 to 103 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: Telecomm Equipment & Infra Services Industry: Transmisson Line Towers / Equipment
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 9 | 12 | 22 | 44 | 61 | 85 | 105 | 122 | 132 | 126 | 144 | 160 | |
| 7 | 6 | 8 | 13 | 20 | 32 | 51 | 53 | 67 | 66 | 40 | 51 | 46 | |
| Operating Profit | 2 | 3 | 4 | 9 | 24 | 29 | 34 | 52 | 56 | 66 | 87 | 93 | 113 |
| OPM % | 19% | 37% | 34% | 39% | 54% | 48% | 40% | 50% | 45% | 50% | 69% | 65% | 71% |
| 0 | 0 | -0 | 0 | 0 | 3 | 2 | 2 | 1 | 3 | 6 | 9 | 6 | |
| Interest | 0 | 1 | 1 | 2 | 3 | 5 | 8 | 7 | 6 | 10 | 14 | 16 | 21 |
| Depreciation | 0 | 1 | 1 | 2 | 3 | 3 | 4 | 6 | 7 | 16 | 22 | 26 | 33 |
| Profit before tax | 1 | 1 | 2 | 5 | 18 | 24 | 24 | 42 | 43 | 42 | 57 | 59 | 66 |
| Tax % | 38% | 32% | 40% | 37% | 34% | 28% | 23% | 31% | 24% | 42% | 27% | 22% | |
| 1 | 1 | 1 | 3 | 12 | 17 | 18 | 29 | 33 | 24 | 41 | 46 | 60 | |
| EPS in Rs | 24.00 | 33.33 | 1.19 | 3.30 | 11.82 | 16.69 | 18.20 | 28.20 | 32.53 | 24.03 | 39.48 | 44.18 | 56.40 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | 5% | 9% | 2% | -0% | 3% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 11% |
| 3 Years: | 6% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 47% |
| 5 Years: | 20% |
| 3 Years: | 12% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 49% |
| 5 Years: | 24% |
| 3 Years: | 43% |
| 1 Year: | 226% |
| Return on Equity | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 25% |
| 3 Years: | 22% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 6 | 8 | 8 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 |
| Reserves | 2 | 3 | 4 | 15 | 27 | 42 | 60 | 87 | 117 | 133 | 178 | 224 | 253 |
| 2 | 9 | 11 | 13 | 27 | 61 | 61 | 58 | 44 | 93 | 118 | 158 | 182 | |
| 3 | 5 | 5 | 8 | 22 | 26 | 29 | 49 | 74 | 77 | 55 | 87 | 88 | |
| Total Liabilities | 10 | 20 | 27 | 44 | 84 | 138 | 160 | 204 | 245 | 314 | 361 | 480 | 534 |
| 2 | 5 | 10 | 20 | 39 | 68 | 86 | 101 | 126 | 196 | 256 | 340 | 360 | |
| CWIP | 0 | 1 | 2 | 2 | 4 | 6 | 5 | 11 | 14 | 19 | 12 | 3 | 2 |
| Investments | -0 | -0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| 8 | 14 | 13 | 20 | 39 | 64 | 67 | 92 | 105 | 98 | 92 | 136 | 171 | |
| Total Assets | 10 | 20 | 27 | 44 | 84 | 138 | 160 | 204 | 245 | 314 | 361 | 480 | 534 |
Cash Flows
Figures in Rs. Crores
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -2 | 3 | 4 | 2 | -1 | 33 | 40 | 59 | 60 | 47 | 67 | |
| -0 | -4 | -9 | -11 | -11 | -27 | -21 | -27 | -36 | -45 | -74 | -108 | |
| -1 | 6 | 6 | 7 | 13 | 28 | -12 | -12 | -18 | -18 | 27 | 40 | |
| Net Cash Flow | -0 | -0 | 0 | -0 | 4 | 0 | -0 | 1 | 4 | -3 | 0 | -1 |
Ratios
Figures in Rs. Crores
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 69 | 74 | 45 | 92 | 78 | 51 | 56 | 80 | 74 | 77 | 103 |
| Inventory Days | 147 | 168 | 9 | 15 | 14 | 22 | 13 | 25 | 103 | 96 | ||
| Days Payable | 290 | 528 | 68 | 53 | 82 | 189 | 278 | 299 | 250 | 742 | ||
| Cash Conversion Cycle | -101 | -290 | 74 | 45 | 33 | 40 | -17 | -111 | -185 | -199 | -70 | -542 |
| Working Capital Days | 78 | 28 | 20 | 55 | 29 | 116 | 58 | 64 | 8 | 48 | 112 | 119 |
| ROCE % | 23% | 27% | 17% | 25% | 43% | 33% | 26% | 34% | 30% | 26% | 26% | 22% |
Documents
Announcements
-
Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
1d - Disclosure under Regulation 29(1) & 29(2) of SEBI (SAST) Regulations, 2011 for Shivshankar Lature & Others
- Certificate Under Regulation 40(9) & 40(10) Of The SEBI (LODR) Regulations 2015 For The Financial Year Ended March 31, 2024. 2d
- Compliance Certificate Pursuant To Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 16 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Confirmation certificate dated April 06, 2024, Received from Big share services P.v.t L.td non-applicability of certificate for compliance under Regulation 74(5).
-
Announcement under Regulation 30 (LODR)-Allotment
12 Apr - Allotment of 10,55,000 Fully Convertible Equity Warrants on a Preferential Basis
Business:[1] The company is a service provider of telecommunication products and services. Company builds, owns and operates passive infrastructure assets like telecom towers, optical fiber cable (OFC) systems and related assets, and provides them on a shared basis to wireless and other communications service providers. These customers use the space on the company's telecommunication towers to install active communication-related equipment to operate their wireless communications networks.