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 virtually debt free.
Stock is trading at 0.41 times its book value
Company has good consistent profit growth of 112.39% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 38.50%
Cons:
Promoter's stake has decreased

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018
86 104 122 142 167 195 211 224 227 240 283 261
60 67 80 93 108 132 141 147 146 157 191 171
Operating Profit 26 37 42 49 58 64 70 77 81 84 91 89
OPM % 30% 35% 35% 34% 35% 33% 33% 34% 36% 35% 32% 34%
Other Income 0 0 0 0 0 0 0 1 1 5 6 -1
Interest 0 0 0 0 1 1 2 2 5 2 3 2
Depreciation 5 6 5 5 5 6 7 9 4 12 13 12
Profit before tax 21 31 38 44 52 57 62 67 74 75 81 74
Tax % 21% 22% 24% 25% 23% 23% 23% 23% 24% 22% 22% 22%
Net Profit 12 19 24 27 34 38 41 45 41 48 51 46
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
16 21 26 44 125 272 528 849 1,011
13 16 21 30 87 183 344 556 665
Operating Profit 3 5 5 14 38 89 185 293 346
OPM % 20% 24% 21% 31% 31% 33% 35% 35% 34%
Other Income 0 0 0 0 0 0 1 8 11
Interest 0 0 0 0 0 0 2 11 12
Depreciation 1 1 1 4 9 20 14 25 41
Profit before tax 3 4 5 9 29 68 171 266 303
Tax % 18% 17% 12% 19% 20% 22% 24% 23%
Net Profit 2 4 4 6 19 40 104 172 186
EPS in Rs 0.85 1.42 1.48 2.27 6.88 13.63 34.23 56.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 3% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:100.50%
3 Years:89.47%
TTM:26.87%
Compounded Profit Growth
10 Years:%
5 Years:112.39%
3 Years:108.31%
TTM:17.42%
Return on Equity
10 Years:%
5 Years:36.03%
3 Years:38.50%
Last Year:42.31%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
6 6 10 10 10 11 15 15 15
Reserves 15 20 18 52 89 194 305 476 634
Borrowings 1 3 2 4 0 3 41 86 82
14 16 15 34 52 107 151 244 268
Total Liabilities 35 44 45 100 152 314 512 821 999
6 6 1 52 79 146 187 358 478
CWIP 13 16 17 20 20 18 21 28 1
Investments 0 0 0 0 0 0 0 0 0
17 22 27 28 53 150 303 435 521
Total Assets 35 44 45 100 152 314 512 821 999

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
11 -3 -7 12 26 19 72 125
-19 -4 -2 -58 -37 -86 -57 -238
8 10 8 49 21 81 45 34
Net Cash Flow 0 3 -2 3 10 14 61 -79

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 17% 16% 20% 36% 45% 61% 59%
Debtor Days 245 224 193 111 82 108 89 109
Inventory Turnover