COSYN Ltd

₹ 42.0 -2.19%

25 Apr - close price

csstechnergy.com; www.cosyn.in BSE: 538922

About

Incorporated in 1984, Cosyn Ltd provides full range of software outsourcing services^[1]

Key Points

Business Overview:^[1]^[2]
Company is a tech enabler in designing, developing and implementing large scale IT solutions for power sector clients in distribution and transmission in India, Middle East, and USA. It has done e-Governance projects for Electricity DISCOMs and Educational Institutions

Website BSE

Market Cap ₹ 31.5 Cr.
Current Price ₹ 42.0
High / Low ₹ 52.7 / 23.7
Stock P/E
Book Value ₹ 38.4
Dividend Yield 0.00 %
ROCE 2.20 %
ROE 1.02 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 1.09 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -19.0% over past five years.
Company has a low return on equity of 0.49% over last 3 years.
Company has high debtors of 267 days.
Company's cost of borrowing seems high

* 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: IT - Software Industry: Computers - Software - Medium / Small

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	3.22	3.22	2.92	5.38	3.39	1.76	2.98	5.16	3.29	3.65	3.11	4.20	3.39
	2.65	2.11	3.20	5.42	3.34	2.34	2.64	4.73	3.01	3.40	4.09	3.66	3.19
Operating Profit	0.57	1.11	-0.28	-0.04	0.05	-0.58	0.34	0.43	0.28	0.25	-0.98	0.54	0.20
OPM %	17.70%	34.47%	-9.59%	-0.74%	1.47%	-32.95%	11.41%	8.33%	8.51%	6.85%	-31.51%	12.86%	5.90%
	0.07	0.09	0.07	0.06	0.06	2.57	0.05	0.05	0.05	0.08	0.06	0.07	0.07
Interest	0.03	0.04	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.05	0.06
Depreciation	0.60	0.63	0.41	0.42	0.43	0.45	0.23	0.24	0.24	0.25	0.19	0.19	0.20
Profit before tax	0.01	0.53	-0.63	-0.41	-0.33	1.53	0.14	0.22	0.07	0.06	-1.13	0.37	0.01
Tax %	-400.00%	-11.32%	3.17%	9.76%	0.00%	9.80%	35.71%	27.27%	42.86%	83.33%	-0.88%	2.70%	100.00%
	0.04	0.59	-0.61	-0.37	-0.33	1.38	0.09	0.16	0.04	0.01	-1.14	0.36	0.00
EPS in Rs	0.05	0.79	-0.81	-0.49	-0.44	1.84	0.12	0.21	0.05	0.01	-1.52	0.48	0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	29.94	26.78	12.50	22.08	27.71	31.47	42.70	39.57	29.90	19.89	13.41	14.84	14.35
	25.01	42.19	10.07	19.29	23.08	23.87	31.63	33.06	24.63	17.49	14.22	13.45	14.34
Operating Profit	4.93	-15.41	2.43	2.79	4.63	7.60	11.07	6.51	5.27	2.40	-0.81	1.39	0.01
OPM %	16.47%	-57.54%	19.44%	12.64%	16.71%	24.15%	25.93%	16.45%	17.63%	12.07%	-6.04%	9.37%	0.07%
	0.19	1.45	0.04	0.07	0.21	0.24	0.32	0.43	0.28	0.29	2.76	0.23	0.28
Interest	0.62	0.38	0.42	0.42	0.45	0.28	1.71	1.81	0.54	0.23	0.08	0.17	0.15
Depreciation	1.39	1.41	0.80	0.97	0.75	0.85	0.94	1.76	2.64	2.38	1.71	0.96	0.83
Profit before tax	3.11	-15.75	1.25	1.47	3.64	6.71	8.74	3.37	2.37	0.08	0.16	0.49	-0.69
Tax %	34.73%	-0.63%	34.40%	-46.26%	-2.20%	2.09%	18.76%	30.56%	20.68%	25.00%	62.50%	38.78%
	2.03	-15.85	0.82	2.14	3.71	6.57	7.09	2.34	1.88	0.06	0.07	0.30	-0.77
EPS in Rs	3.13	-23.44	1.10	2.85	4.95	8.76	9.45	3.12	2.51	0.08	0.09	0.40	-1.03
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	11.42%	10.58%	16.03%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-6%
5 Years:	-19%
3 Years:	-21%
TTM:	9%

Compounded Profit Growth
10 Years:	7%
5 Years:	-47%
3 Years:	-46%
TTM:	-146%

Stock Price CAGR
10 Years:	%
5 Years:	2%
3 Years:	24%
1 Year:	44%

Return on Equity
10 Years:	11%
5 Years:	3%
3 Years:	0%
Last Year:	1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	6.48	6.76	7.42	7.50	7.50	7.50	7.50	7.50	7.50	7.50	7.50	7.50	7.50
Reserves	17.74	2.22	3.80	4.43	8.15	14.20	20.39	22.22	21.68	21.69	21.76	22.06	21.28
	2.03	1.92	2.28	2.55	2.39	0.85	4.42	3.56	1.39	0.33	0.66	0.49	0.16
	13.03	7.12	9.35	9.39	9.88	11.67	7.03	10.26	12.81	7.30	6.74	6.75	7.45
Total Liabilities	39.28	18.02	22.85	23.87	27.92	34.22	39.34	43.54	43.38	36.82	36.66	36.80	36.39
	5.59	5.05	4.89	2.78	3.40	3.43	3.59	7.66	6.24	4.86	6.65	6.25	5.97
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	1.31	0.00	0.61	1.17	1.18	1.58	1.98
Investments	0.00	0.00	0.00	0.00	0.01	1.84	2.20	2.28	2.31	2.34	2.38	2.42	2.42
	33.69	12.97	17.96	21.09	24.51	28.95	32.24	33.60	34.22	28.45	26.45	26.55	26.02
Total Assets	39.28	18.02	22.85	23.87	27.92	34.22	39.34	43.54	43.38	36.82	36.66	36.80	36.39

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	3.38	0.18	-0.43	0.61	1.53	6.78	4.92	7.67	4.89	0.58	-1.07	1.59
	-3.32	-0.87	-0.52	-0.69	-1.21	-4.52	-6.74	-3.59	-1.78	-1.73	0.28	-0.98
	-0.24	0.59	1.11	0.12	-0.63	-1.91	2.01	-3.55	-2.16	-0.36	0.46	-0.33
Net Cash Flow	-0.18	-0.10	0.16	0.04	-0.31	0.35	0.19	0.54	0.95	-1.51	-0.33	0.29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	254.31	37.62	116.80	118.36	170.58	198.10	84.97	188.27	209.60	244.98	340.23	267.11
Inventory Days	538.33				804.21	316.12		34.44
Days Payable	690.00				714.85	606.16		118.98
Cash Conversion Cycle	102.64	37.62	116.80	118.36	259.94	-91.94	84.97	103.72	209.60	244.98	340.23	267.11
Working Capital Days	235.77	60.79	152.72	114.72	134.22	110.76	103.94	95.01	117.56	200.76	290.97	248.91
ROCE %	15.18%	-89.96%	13.69%	13.51%	25.15%	34.44%	38.10%	15.80%	9.27%	1.03%	0.81%	2.20%

Shareholding Pattern

Numbers in percentages

3 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	56.15%	55.74%	55.18%	55.14%	55.14%	55.14%	55.14%	55.14%	55.14%	55.14%	55.14%	55.14%
	0.00%	0.00%	0.00%	0.00%	3.91%	4.27%	4.16%	0.00%	0.00%	0.00%	0.00%	0.00%
	43.85%	44.26%	44.82%	44.86%	40.95%	40.58%	40.70%	44.86%	44.86%	44.87%	44.86%	44.85%
No. of Shareholders	4,629	4,563	4,508	4,617	4,702	4,685	4,609	4,551	4,533	4,414	4,681	4,857

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	57.98%	57.48%	57.05%	57.10%	56.61%	55.14%	55.14%	55.14%
	42.02%	42.52%	42.95%	42.90%	43.39%	44.86%	44.86%	44.85%
No. of Shareholders	4,857	5,432	4,993	4,562	4,349	4,617	4,551	4,857

* 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.

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COSYN Ltd

COSYN Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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