8K Miles Software Services Ltd

8K Miles Software Services is a distributed platform that blends a global talent market place with collaboration tools and cloud infrastructure, helping small and medium enterprises (SMBs) and large enterprise customers to integrate Cloud computing and Identity Security into their Information and Technology (IT) and business strategies.

Pros:
Company is expected to give good quarter
Company has good consistent profit growth of 145.18% over 5 years
Company has been maintaining a healthy dividend payout of 62.41%
Cons:
Promoter's stake has decreased
Company has a low return on equity of 3.81% for last 3 years.
Earnings include an other income of Rs.8.04 Cr.

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018
6.85 7.07 8.82 10.54 11.03 11.11 13.58 9.60 16.28 14.69 16.40 12.64
6.13 5.35 6.77 8.84 9.17 9.17 10.62 7.85 11.53 10.66 12.46 8.57
Operating Profit 0.72 1.72 2.05 1.70 1.86 1.94 2.96 1.75 4.75 4.03 3.94 4.07
OPM % 10.51% 24.33% 23.24% 16.13% 16.86% 17.46% 21.80% 18.23% 29.18% 27.43% 24.02% 32.20%
Other Income 0.13 0.03 0.01 0.02 0.02 0.53 1.22 1.26 1.20 3.87 5.24 -2.27
Interest 0.11 0.11 0.09 0.14 0.59 1.25 1.78 2.07 2.45 2.08 2.97 2.16
Depreciation 0.12 0.97 1.25 0.52 0.31 0.32 0.32 0.10 0.11 0.08 0.09 0.09
Profit before tax 0.62 0.67 0.72 1.06 0.98 0.90 2.08 0.84 3.39 5.74 6.12 -0.45
Tax % 41.94% 31.34% 30.56% 30.19% 108.16% 21.11% 30.29% 28.57% 37.76% 27.35% 28.59% 24.44%
Net Profit 0.35 0.46 0.50 0.75 -0.08 0.71 1.45 0.62 2.11 4.16 4.37 -0.34
EPS in Rs 0.12 0.16 0.06 0.24 -0.03 0.23 0.47 0.20 0.69 1.36 1.44 -0.11
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
0.05 0.20 0.00 0.00 1.12 2.03 3.04 7.22 12.39 20.96 37.46 50.57 60.01
0.02 0.25 0.10 0.05 0.78 1.96 2.84 4.46 7.01 14.50 30.13 38.55 43.22
Operating Profit 0.03 -0.05 -0.10 -0.05 0.34 0.07 0.20 2.76 5.38 6.46 7.33 12.02 16.79
OPM % 60.00% -25.00% 30.36% 3.45% 6.58% 38.23% 43.42% 30.82% 19.57% 23.77% 27.98%
Other Income 0.63 0.39 1.35 0.09 0.00 0.03 0.06 0.00 0.27 0.21 0.08 3.60 8.04
Interest 0.00 0.26 0.00 0.00 0.00 0.03 0.16 0.39 0.45 0.21 0.94 7.57 9.66
Depreciation 0.00 0.00 0.00 0.00 0.01 0.01 0.03 1.84 4.13 4.61 3.04 0.84 0.37
Profit before tax 0.66 0.08 1.25 0.04 0.33 0.06 0.07 0.53 1.07 1.85 3.43 7.21 14.80
Tax % 0.00% 0.00% 0.00% 0.00% -3.03% 16.67% 14.29% 81.13% 34.58% 34.05% 52.48% 32.45%
Net Profit 0.66 0.08 1.25 0.04 0.34 0.05 0.05 0.09 0.70 1.22 1.63 4.88 10.30
EPS in Rs 0.14 0.02 0.02 0.03 0.25 0.42 0.54 1.60 3.38
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 187.24% 0.00%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:73.89%
5 Years:75.47%
3 Years:59.81%
TTM:32.41%
Compounded Profit Growth
10 Years:56.58%
5 Years:145.18%
3 Years:84.97%
TTM:281.48%
Return on Equity
10 Years:2.86%
5 Years:3.34%
3 Years:3.81%
Last Year:5.71%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
1.56 1.56 1.56 1.56 5.55 5.55 10.04 10.04 10.34 10.89 15.26 15.26 15.26
Reserves 3.55 3.63 4.88 4.92 13.64 13.69 11.94 12.03 24.40 46.99 61.63 62.94 71.55
Borrowings 3.10 3.36 1.31 0.00 1.22 1.89 1.25 2.62 0.07 2.73 32.38 72.55 71.85
0.43 0.18 0.16 0.15 8.79 12.15 9.50 10.22 13.06 14.17 7.53 15.30 34.33
Total Liabilities 8.64 8.73 7.91 6.63 29.20 33.28 32.73 34.91 47.87 74.78 116.80 166.05 192.99
1.24 0.77 0.11 0.09 0.02 0.03 0.28 9.11 10.85 7.03 3.87 0.83 0.71
CWIP 0.00 0.00 0.00 0.00 8.94 9.77 10.49 1.84 0.90 0.43 0.90 0.11 1.02
Investments 0.71 0.71 0.71 0.00 12.57 12.57 12.57 12.57 18.91 47.19 89.19 93.52 93.52
6.69 7.25 7.09 6.54 7.67 10.91 9.39 11.39 17.21 20.13 22.84 71.59 97.74
Total Assets 8.64 8.73 7.91 6.63 29.20 33.28 32.73 34.91 47.87 74.78 116.80 166.05 192.99

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
0.00 4.88 -4.80 1.30 1.37 10.54 3.76 -9.30
0.00 -1.03 -1.65 -1.27 -11.27 -28.62 -43.56 -26.44
0.00 -1.55 4.15 -0.03 14.99 16.01 41.66 31.00
Net Cash Flow 0.00 2.30 -2.30 0.00 5.08 -2.07 1.87 -4.74

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 8.35% 3.70% 2.70% 0.56% 2.45% 0.43% 1.04% 3.84% 5.11% 4.32% 5.14% 10.85%
Debtor Days 21,608.00 5,402.00 1,163.44 703.03 151.28 216.88 133.45 138.27 119.26 265.61
Inventory Turnover