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.

  • Market Cap: 100.10 Cr.
  • Current Price: 32.80
  • 52 weeks High / Low 142.30 / 27.40
  • Book Value: 194.09
  • Stock P/E: 1.46
  • Dividend Yield: 0.00 %
  • ROCE: 16.98 %
  • ROE: 12.69 %
  • Sales Growth (3Yrs): 45.76 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 5.00
Pros:
Stock is trading at 0.17 times its book value
Company has good consistent profit growth of 62.42% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.51%
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Tax rate seems low
Promoter holding has decreased by -25.24% over last 3 years.
** Remarks:
Some businesses are provided tax benefits to encourage their development

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
104 122 142 167 195 211 224 227 240 283 261 59
67 80 93 108 132 141 147 146 157 191 171 154
Operating Profit 37 42 49 58 64 70 77 81 84 91 89 -95
OPM % 35% 35% 34% 35% 33% 33% 34% 36% 35% 32% 34% -161%
Other Income 0 0 0 0 0 0 1 1 5 6 -1 -1
Interest 0 0 0 1 1 2 2 5 2 3 2 4
Depreciation 6 5 5 5 6 7 9 4 12 13 12 33
Profit before tax 31 38 44 52 57 62 67 74 75 81 74 -133
Tax % 22% 24% 25% 23% 23% 23% 23% 24% 22% 22% 22% 25%
Net Profit 19 24 27 34 38 41 45 41 48 51 46 -76
EPS in Rs 6.32 7.72 8.80 11.25 12.48 13.46 14.68 13.54 15.57 16.68 15.12 0.00
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 Mar 2019
16 21 26 44 125 272 528 849 842
13 16 21 30 87 183 344 556 671
Operating Profit 3 5 5 14 38 89 185 293 171
OPM % 20% 24% 21% 31% 31% 33% 35% 35% 20%
Other Income 0 0 0 0 0 0 1 8 8
Interest 0 0 0 0 0 0 2 11 13
Depreciation 1 1 1 4 9 20 14 25 70
Profit before tax 3 4 5 9 29 68 171 266 96
Tax % 18% 17% 12% 19% 20% 22% 24% 23% 17%
Net Profit 2 4 4 6 19 40 104 172 69
EPS in Rs 0.85 1.42 1.48 2.27 6.88 13.65 34.23 56.24 22.52
Dividend Payout % 0% 0% 0% 0% 0% 0% 3% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:80.42%
3 Years:45.76%
TTM:-0.83%
Compounded Profit Growth
10 Years:%
5 Years:62.42%
3 Years:20.18%
TTM:-59.95%
Stock Price CAGR
10 Years:%
5 Years:-34.17%
3 Years:-62.10%
1 Year:-69.88%
Return on Equity
10 Years:%
5 Years:27.96%
3 Years:28.51%
Last Year:12.69%

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 Mar 2019
6 6 10 10 10 11 15 15 15
Reserves 15 20 18 52 89 194 305 476 577
Borrowings 1 3 2 4 0 3 41 86 118
14 16 15 34 52 107 151 244 288
Total Liabilities 35 44 45 100 152 314 512 821 999
6 6 1 52 79 146 187 358 637
CWIP 13 16 17 20 20 18 21 28 0
Investments 0 0 0 0 0 0 0 0 0
17 22 27 28 53 150 303 435 362
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 Mar 2019
11 -3 -7 12 26 19 72 125 184
-19 -4 -2 -58 -37 -86 -57 -238 -209
8 10 8 49 21 81 45 34 23
Net Cash Flow 0 3 -2 3 10 14 61 -79 -2

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 17% 16% 20% 36% 45% 61% 59% 17%
Debtor Days 245 224 193 111 82 108 89 109 103
Inventory Turnover