Adroit Infotech Ltd

₹ 19.6 -2.24%

03 May - close price

adroitinfotech.com BSE: 532172 NSE : ADROITINFO

About

Incorporated in 1990, Adroit Infotech Ltd is primarily engaged in the business of SAP Support Services. Company helps organizations to reduce costs and improve effectiveness and efficiency through internal process improvements using SAP products and solutions.

Key Points

Business Overview^[1]^[2]
Adroit is a Specialist SAP Consulting Company that helps organizations through internal process improvements using SAP products
and solutions. The company is focused on Large Enterprises & Mid-Market. It helps customers design, implement and integrate SAP solutions, optimize business processes, and provide strategic business consultation

Website BSE NSE

Market Cap ₹ 55.7 Cr.
Current Price ₹ 19.6
High / Low ₹ 25.0 / 11.6
Stock P/E 43.6
Book Value ₹ 3.58
Dividend Yield 0.00 %
ROCE 7.18 %
ROE 10.9 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 5.48 times its book value
Promoter holding has decreased over last quarter: -7.86%
The company has delivered a poor sales growth of -24.6% over past five years.
Promoter holding is low: 38.4%
Company has high debtors of 397 days.
Company's cost of borrowing seems high
Working capital days have increased from 181 days to 323 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.

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
	1.94	0.61	1.99	2.22	1.26	0.91	1.14	1.37	1.33	1.66	1.21	1.61	1.47
	1.28	0.43	0.80	1.45	0.69	1.62	0.58	0.55	0.63	1.45	0.71	0.93	0.76
Operating Profit	0.66	0.18	1.19	0.77	0.57	-0.71	0.56	0.82	0.70	0.21	0.50	0.68	0.71
OPM %	34.02%	29.51%	59.80%	34.68%	45.24%	-78.02%	49.12%	59.85%	52.63%	12.65%	41.32%	42.24%	48.30%
	0.00	-0.62	0.00	0.00	0.04	0.01	0.01	0.03	0.01	0.05	0.05	0.01	0.01
Interest	0.03	0.06	0.04	0.04	0.03	0.07	0.04	0.04	0.04	0.15	0.03	0.04	0.02
Depreciation	0.03	0.99	0.26	0.26	0.19	0.37	0.29	0.29	0.29	0.38	0.28	0.28	0.28
Profit before tax	0.60	-1.49	0.89	0.47	0.39	-1.14	0.24	0.52	0.38	-0.27	0.24	0.37	0.42
Tax %	0.00%	-2.01%	25.84%	25.53%	0.00%	0.88%	0.00%	-3.85%	-2.63%	185.19%	0.00%	-10.81%	-2.38%
	0.59	-1.53	0.66	0.35	0.39	-1.13	0.24	0.53	0.38	0.22	0.24	0.40	0.42
EPS in Rs	0.13	-0.33	0.14	0.08	0.09	-0.25	0.05	0.12	0.07	0.04	0.05	0.07	0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2012	Jun 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	0.39	0.41	0.04	9.66	10.64	4.21	22.55	14.41	8.02	6.18	6.37	5.50	5.95
	9.38	0.50	0.09	8.37	8.31	2.77	19.49	15.21	7.32	4.33	4.49	3.12	3.85
Operating Profit	-8.99	-0.09	-0.05	1.29	2.33	1.44	3.06	-0.80	0.70	1.85	1.88	2.38	2.10
OPM %	-2,305.13%	-21.95%	-125.00%	13.35%	21.90%	34.20%	13.57%	-5.55%	8.73%	29.94%	29.51%	43.27%	35.29%
	-6.51	0.00	0.00	-0.57	0.10	0.06	0.10	0.18	-14.46	-0.53	-0.01	0.10	0.12
Interest	0.01	0.00	0.00	0.00	0.01	0.03	0.20	0.18	0.25	0.20	0.18	0.37	0.24
Depreciation	0.13	0.13	0.10	1.07	0.06	0.03	0.42	0.54	0.33	1.09	1.08	1.25	1.22
Profit before tax	-15.64	-0.22	-0.15	-0.35	2.36	1.44	2.54	-1.34	-14.34	0.03	0.61	0.86	0.76
Tax %	0.00%	-22.73%	0.00%	-60.00%	-0.42%	6.94%	21.65%	4.48%	0.21%	100.00%	-1.64%	-60.47%
	-15.64	-0.27	-0.15	-0.56	2.37	1.35	1.99	-1.28	-14.32	0.00	0.62	1.38	1.28
EPS in Rs		-0.06	-0.03	-0.13	0.54	0.30	0.44	-0.28	-3.13	0.00	0.14	0.27	0.24
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	66.93%	0.00%	0.00%	0.00%		0.00%	0.00%

Compounded Sales Growth
10 Years:	30%
5 Years:	-25%
3 Years:	-12%
TTM:	25%

Compounded Profit Growth
10 Years:	8%
5 Years:	-7%
3 Years:	70%
TTM:	1322%

Stock Price CAGR
10 Years:	11%
5 Years:	13%
3 Years:	41%
1 Year:	15%

Return on Equity
10 Years:	5%
5 Years:	4%
3 Years:	14%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2012	Jun 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	23.72	17.47	17.47	17.47	17.47	18.07	18.27	18.27	18.27	18.27	18.27	20.27	21.67
Reserves	-22.45	-1.37	-1.52	-2.29	1.34	4.34	3.15	1.86	-12.46	-12.46	-11.34	-1.96	-2.24
	0.00	0.00	0.00	3.92	0.01	0.00	1.30	1.39	5.67	1.29	6.60	2.44	0.65
	15.26	0.23	0.23	0.46	0.42	1.19	10.26	12.74	5.87	7.43	3.98	9.90	9.80
Total Liabilities	16.53	16.33	16.18	19.56	19.24	23.60	32.98	34.26	17.35	14.53	17.51	30.65	29.88
	2.46	2.33	2.23	2.94	2.96	2.93	4.33	12.23	8.81	0.28	8.93	7.68	8.20
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.21	8.66	0.00	1.08	0.00
Investments	0.00	0.00	0.00	0.10	6.35	0.12	0.02	0.08	0.08	0.08	0.00	11.88	11.88
	14.07	14.00	13.95	16.52	9.93	20.55	28.63	21.95	5.25	5.51	8.58	10.01	9.80
Total Assets	16.53	16.33	16.18	19.56	19.24	23.60	32.98	34.26	17.35	14.53	17.51	30.65	29.88

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2012	Jun 2013	Mar 2014	Mar 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-0.51	-0.31	-0.04	2.43	0.69	-2.18	8.58	0.19	-1.95	0.66	2.68
	-1.93	0.55	0.00	-2.66	3.65	-1.81	-8.65	-0.19	1.94	-1.12	-13.06
	3.00	0.00	0.00	0.00	2.25	-2.55	0.00	0.00	0.00	0.50	10.52
Net Cash Flow	0.56	0.24	-0.04	-0.23	6.59	-6.54	-0.06	0.00	-0.01	0.04	0.14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2012	Jun 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	1,038.85	1,353.17	13,870.00	366.13	211.66	923.34	257.20	348.79	142.45	248.65	169.03	396.85
Inventory Days	410.52	12,032.83		299.80	0.00
Days Payable	6.45	170.33		2.69
Cash Conversion Cycle	1,442.92	13,215.67	13,870.00	663.24	211.66	923.34	257.20	348.79	142.45	248.65	169.03	396.85
Working Capital Days	10,425.90	11,697.80	119,628.75	597.75	258.66	1,071.59	286.17	208.46	-262.14	100.40	120.33	322.53
ROCE %	-120.16%	-2.53%	-1.74%	1.26%	12.50%	7.13%	12.14%	-5.24%	3.09%	17.76%	8.92%	7.18%

Shareholding Pattern

Numbers in percentages

2 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
	52.17%	52.17%	52.17%	52.17%	52.17%	52.17%	51.95%	50.00%	50.01%	45.07%	46.31%	38.45%
	0.00%	0.00%	0.25%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	47.83%	47.83%	47.58%	47.10%	47.83%	47.82%	48.05%	50.00%	49.98%	54.93%	53.68%	61.56%
No. of Shareholders	9,897	10,420	11,336	11,984	12,148	12,654	13,513	13,555	13,618	14,789	15,179	17,241

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	63.69%	53.72%	53.14%	52.17%	52.17%	52.17%	50.00%	38.45%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.73%	0.00%	0.00%
	36.31%	46.28%	46.86%	47.83%	47.83%	47.10%	50.00%	61.56%
No. of Shareholders	10,164	10,349	9,893	9,692	9,605	11,984	13,555	17,241

* 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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Adroit Infotech Ltd

Adroit Infotech Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports