Allsec Technologies Ltd

₹ 430 -1.18%
28 Jun - close price
About

Incorporated in 1998, Allsec Tech is a global leader in outsourcing solutions offering future-ready, resilient business transformation services to industry heavy-weights, Fortune 100 companies, and growth-focused organizations. The services provided by the Company include data verification, processing of orders received through telephone calls, telemarketing, monitoring quality of calls of other call centers, customer services and HR and payroll processing. The Company has delivery centers at Chennai, Bengaluru and NCR.
With 4,000+ FTEs spread across 5 contact centers in the US, Philippines, and India, the company manages over 1 Million customer contacts per day, via multiple touchpoints. [1]

Key Points

Business Overview[1]
The Company operates two segments globally viz Human Resources Operation (HRO) covering HRMS, payroll services, time and attendance management and statutory compliance support services to its client, and Customer Lifecycle Management (CLM) which encompasses lead generation, customer retention and relationship management comprising both voice and non-voice processes.

The HRO services and CLM services are delivered from India and the subsidiary in Philippines.

  • Market Cap 655 Cr.
  • Current Price 430
  • High / Low 749 / 370
  • Stock P/E 18.4
  • Book Value 137
  • Dividend Yield 10.5 %
  • ROCE 23.4 %
  • ROE 15.0 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 10.47%.
  • Company has been maintaining a healthy dividend payout of 85.84%

Cons

  • The company has delivered a poor sales growth of -0.06% over past five years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
72 79 72 71 64 68 72 73 71 77 83 85
53 58 56 53 51 54 54 53 56 58 61 62
Operating Profit 19 21 16 19 13 14 18 21 16 19 22 24
OPM % 27% 27% 23% 26% 20% 21% 25% 28% 22% 24% 26% 28%
1 1 0 1 1 0 0 2 1 3 1 2
Interest 1 1 0 0 0 1 0 1 0 0 0 1
Depreciation 5 5 5 5 6 5 6 7 6 6 6 6
Profit before tax 15 17 12 14 8 8 12 15 11 16 16 18
Tax % 18% 21% 26% 21% 25% 21% 29% 8% 176% 19% 20% 4%
Net Profit 12 13 9 11 6 6 9 14 -8 13 13 18
EPS in Rs 7.93 8.82 5.61 7.14 3.96 4.23 5.82 9.04 -5.23 8.50 8.64 11.48

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 Mar 2020 Mar 2021 Mar 2022
159 183 320 200 151 233 318 325 261 294 277 317
156 184 284 237 160 199 255 264 221 219 211 237
Operating Profit 3 -1 36 -37 -9 34 63 61 40 75 66 80
OPM % 2% -0% 11% -19% -6% 15% 20% 19% 15% 26% 24% 25%
4 5 4 3 9 10 7 7 -5 4 4 6
Interest 0 1 5 7 2 2 1 0 0 2 3 2
Depreciation 14 14 15 12 11 8 6 4 5 20 23 23
Profit before tax -7 -10 21 -54 -12 35 63 64 29 57 44 61
Tax % -3% -40% 57% 31% -14% 10% 2% 6% 46% 21% 20% 42%
Net Profit -8 -17 2 -25 -14 31 62 60 16 45 35 36
EPS in Rs -4.97 -11.14 1.28 -16.40 -9.23 20.30 40.50 39.07 10.28 29.48 23.05 23.39
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% 13% 97% -0% 65% 192%
Compounded Sales Growth
10 Years: 6%
5 Years: 0%
3 Years: 7%
TTM: 15%
Compounded Profit Growth
10 Years: 16%
5 Years: -10%
3 Years: 22%
TTM: 3%
Stock Price CAGR
10 Years: 28%
5 Years: 6%
3 Years: 11%
1 Year: 15%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 16%
Last Year: 15%

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 Mar 2020 Mar 2021 Mar 2022
15 15 15 15 15 15 15 15 15 15 15 15
Reserves 100 84 86 64 46 76 134 192 203 213 250 194
3 2 5 17 14 8 1 1 1 24 22 43
27 37 55 39 20 37 26 33 27 37 33 42
Total Liabilities 146 138 161 135 96 137 176 242 245 289 319 294
49 46 43 39 27 22 22 24 13 34 32 64
CWIP 3 0 7 0 0 0 1 -0 -0 0 1 -0
Investments 19 5 9 11 2 19 61 73 82 33 50 47
76 87 103 85 68 95 93 144 150 221 236 184
Total Assets 146 138 161 135 96 137 176 242 245 289 319 294

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 Mar 2020 Mar 2021 Mar 2022
6 -11 27 -6 -6 35 70 53 20 76 70 64
-22 5 -22 -12 8 -19 -45 -15 -5 25 -26 -21
1 -2 3 10 -2 -8 -9 0 -10 -48 -19 -112
Net Cash Flow -15 -7 8 -8 -0 8 16 38 5 53 24 -69

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 Mar 2020 Mar 2021 Mar 2022
Debtor Days 64 87 64 60 71 92 42 46 50 56 55 66
Inventory Days
Days Payable
Cash Conversion Cycle 64 87 64 60 71 92 42 46 50 56 55 66
Working Capital Days 15 30 22 -9 22 35 21 20 35 37 46 104
ROCE % -6% -9% 24% -47% -13% 41% 50% 33% 17% 25% 17% 23%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
66.35 78.39 78.39 78.39 78.39 73.39 73.39 73.39 73.39 73.39 73.39 73.39
4.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.04 0.02
0.07 0.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.63 0.00
28.72 20.84 21.61 21.61 21.61 26.61 26.61 26.61 26.61 26.60 25.94 26.60

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