Allsec Technologies Ltd // BPO/KPO

Pros:
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 39.17%
Cons:
Though the company is reporting regular profits, it is not paying out tax
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %
1. Firstsour.Solu. 64.30 12.69 4439.04 2.32 88.61 35.49 919.11 4.71 15.17
2. eClerx Services 1100.30 16.70 4256.56 0.09 60.05 -24.22 351.94 5.63 29.96
3. Hinduja Global 734.70 7.54 1529.86 1.36 40.31 -9.07 1100.83 18.73 14.67
4. Allsec Tech. 279.10 8.05 425.35 1.79 8.12 -46.23 62.98 -25.24 51.84
5. Xchanging Sol. 45.15 18.89 502.97 0.00 5.74 82.80 44.08 -34.17 2.07
6. Mold-Tek Technol 43.20 18.51 119.07 1.36 2.40 60.00 19.35 5.16 2.73
7. CES 8.18 0.26 1.06 0.00 0.73 -48.95 21.44 14.84 34.08

Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018
55.29 57.46 69.66 71.93 82.63 87.73 75.82 84.24 91.22 88.72 60.78 62.98
47.7 49.46 56.13 59.22 64.65 71.6 59.44 68.39 73.54 71.19 50.94 53.14
Operating Profit 7.59 8.0 13.53 12.71 17.98 16.13 16.38 15.85 17.68 17.53 9.84 9.84
OPM % 13.73% 13.92% 19.42% 17.67% 21.76% 18.39% 21.6% 18.82% 19.38% 19.76% 16.19% 15.62%
Other Income 4.33 2.08 1.44 2.05 0.27 2.51 2.47 2.5 1.65 0.6 3.18 2.28
Depreciation 2.13 1.75 1.28 1.45 1.42 1.24 1.74 1.25 1.05 1.12 1.08 1.26
Interest 0.5 0.56 0.39 0.29 0.16 0.15 0.76 0.11 0.29 0.29 0.08 0.07
Profit before tax 9.29 7.77 13.3 13.02 16.67 17.25 16.35 16.99 17.99 16.72 11.86 10.79
Tax 0.15 0.79 2.33 0.12 0.23 0.48 0.74 1.89 0.9 1.59 -0.5 2.67
Net Profit 9.14 6.98 10.97 12.9 16.44 16.77 15.61 15.1 17.09 15.13 12.36 8.12

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

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
128 98 104 135 159 183 320 200 151 233 318 325 304
96 113 119 142 156 184 284 237 160 199 255 264 249
Operating Profit 32 -15 -15 -7 3 -1 36 -37 -9 34 63 61 55
OPM % 24.84% -15.26% -14.39% -5.16% 1.75% -0.55% 11.38% -18.65% -6.06% 14.52% 19.72% 18.78% 18.07%
Other Income 4 7 17 11 4 5 4 3 9 10 7 7 8
Interest 0 0 0 0 1 1 5 7 2 2 1 0 1
Depreciation 10 9 12 13 14 14 15 12 11 8 6 5 5
Profit before tax 25 -17 -9 -10 -7 -10 21 -54 -12 35 63 64 57
Tax 0 3 0 0 0 4 12 -17 2 4 2 4 5
Net Profit 25 -20 -10 -10 -8 -17 2 -25 -14 31 62 60 53
EPS 15.38 0.0 0.0 0.0 0.0 0.0 1.28 0.0 9.22 20.3 40.5 39.06
Dividend Payout % 30.81% -0.0% -0.0% -0.0% -0.0% -0.0% 0.0% -0.0% -0.0% 0.0% 0.0% 12.8%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:13.51%
5 Years:0.30%
3 Years:29.14%
TTM:-8.09%
Compounded Profit Growth
10 Years:%
5 Years:100.61%
3 Years:%
TTM:-17.55%
Return on Equity
10 Years:6.81%
5 Years:23.80%
3 Years:39.17%
TTM:31.48%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
15 15 15 15 15 15 15 15 15 15 15 15
Reserves 147 127 120 108 100 84 86 64 46 76 134 192
Borrowings 0 0 1 3 3 2 5 17 14 8 1 1
22 13 17 20 27 37 55 39 20 37 26 33
Total Liabilities 185 156 152 146 146 138 161 135 96 137 176 242
34 34 38 44 49 46 43 39 27 22 22 24
CWIP 1 2 0 0 3 0 7 0 0 0 1 0
Investments 72 31 32 13 19 5 9 11 2 19 61 73
78 88 83 89 76 87 103 85 68 95 93 144
Total Assets 185 156 152 146 146 138 161 135 96 137 176 242

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
23 -18 -4 -7 6 -11 27 -6 -6 35 70 53
-86 46 -11 3 -22 5 -22 -12 8 -19 -45 -15
72 -14 0 2 1 -2 3 10 -2 -8 -9 0
Net Cash Flow 10 14 -15 -2 -15 -7 8 -8 0 8 16 38