Ceinsys Tech Ltd

Ceinsys Tech Ltd

₹ 619 0.47%
29 Apr 10:55 a.m.
About

Ceinsys Tech Limited is a technology-driven organization that specializes in offering solutions in the Geospatial, Enterprise & Engineering and mobility services space for a global clientele. Incorporated. It forms an integral part of the large conglomerate – Meghe Group. [1]

Key Points

Revenue Segments (FY23)
Enterprise Geospatial & Engineering Services - 82%.
Software Products - 17%
Power Generation - 1% [1]

  • Market Cap 1,011 Cr.
  • Current Price 619
  • High / Low 699 / 135
  • Stock P/E 22.7
  • Book Value 137
  • Dividend Yield 0.31 %
  • ROCE 15.8 %
  • ROE 17.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 57.8%

Cons

  • Stock is trading at 4.50 times its book value
  • Promoter holding has decreased over last quarter: -3.26%
  • The company has delivered a poor sales growth of 9.30% over past five years.
  • Company has a low return on equity of 10.6% over last 3 years.
  • Company has high debtors of 154 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
48 61 41 54 51 57 41 53 52 73 54 58 63
39 57 34 50 45 51 35 52 50 51 42 48 52
Operating Profit 9 4 7 3 6 6 6 1 2 22 11 10 11
OPM % 18% 6% 16% 7% 12% 10% 15% 3% 4% 30% 21% 17% 17%
0 0 0 0 0 2 2 2 2 4 2 3 4
Interest 3 2 2 3 2 2 2 2 2 2 2 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 5 1 4 0 4 6 6 -0 1 22 11 10 13
Tax % 19% -10% 23% 35% 28% 34% 9% 1,778% -131% 3% 23% 54% 18%
4 1 3 0 3 4 5 2 3 21 8 5 10
EPS in Rs 3.90 0.81 2.70 0.27 2.28 2.18 3.32 0.97 1.76 13.76 5.42 3.02 6.71
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
57 79 108 133 144 141 176 197 185 203 220 248
44 62 88 110 122 119 152 147 168 179 186 194
Operating Profit 13 17 19 23 22 21 24 50 18 24 33 54
OPM % 23% 22% 18% 17% 16% 15% 14% 25% 10% 12% 15% 22%
0 0 1 1 3 5 3 2 2 4 10 13
Interest 4 6 8 12 16 17 18 17 13 11 10 6
Depreciation 2 2 2 3 4 4 4 4 3 3 4 5
Profit before tax 8 9 10 9 6 5 5 31 2 13 29 56
Tax % 33% 33% 32% 51% 10% 11% 31% 28% 18% 29% -7%
5 6 7 5 6 5 3 22 2 10 31 45
EPS in Rs 13.95 8.23 6.84 4.52 5.51 4.09 3.09 19.92 1.79 5.96 20.02 28.91
Dividend Payout % 10% 13% 0% 20% 21% 31% 73% 13% 126% 38% 10%
Compounded Sales Growth
10 Years: 14%
5 Years: 9%
3 Years: 4%
TTM: 22%
Compounded Profit Growth
10 Years: 19%
5 Years: 61%
3 Years: 11%
TTM: 251%
Stock Price CAGR
10 Years: %
5 Years: 42%
3 Years: 64%
1 Year: 295%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 11%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 3 7 9 9 9 11 11 11 11 15 15 15
Reserves 13 15 28 32 42 61 60 79 78 147 183 196
35 43 57 98 118 118 122 97 87 63 57 36
24 35 29 41 24 41 61 63 80 73 58 59
Total Liabilities 75 99 123 180 194 230 253 250 256 299 313 307
22 24 26 29 28 28 28 26 23 45 40 43
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 3 3 0 0 6 0 0 0 0 19 26 38
50 71 96 151 159 202 225 224 233 235 246 226
Total Assets 75 99 123 180 194 230 253 250 256 299 313 307

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 -4 2 -31 5 -3 24 36 23 26 47
-6 -3 -5 -5 -10 -8 -0 4 0 8 -9
8 8 8 35 3 11 -23 -39 -24 -21 -20
Net Cash Flow 2 1 6 -0 -2 -0 0 0 -1 14 18

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 160 121 117 160 235 300 233 205 247 153 154
Inventory Days 152 538 318 606 75 169 18 191 67 16 53
Days Payable 201 194 118 218 129 617 1,610 1,230 1,367 752 403
Cash Conversion Cycle 111 465 318 548 181 -149 -1,359 -834 -1,053 -584 -196
Working Capital Days 141 141 159 274 301 363 267 245 259 231 199
ROCE % 28% 23% 18% 13% 11% 12% 25% 9% 12% 16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 58.61% 58.61% 58.61% 58.61% 58.61% 58.61% 58.61% 58.61% 55.35%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.05% 0.00%
0.00% 0.00% 0.00% 7.09% 7.09% 7.09% 7.09% 7.09% 0.00% 0.00% 0.00% 0.00%
25.00% 25.00% 25.00% 34.30% 34.30% 34.31% 34.31% 34.32% 41.39% 41.20% 41.34% 44.65%
No. of Shareholders 8808701,4261,4401,4161,4321,3901,3715,0697,30911,40111,596

* 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.

Click on the line-items to see the names of individual entities.

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