Birlasoft Ltd

₹ 273 -7.82%
02 Feb 1:14 p.m.
About

Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals. [1] [2]

Key Points

Services
Digital Services (32% of Revenues) - Data Analytics, Connected Products, Intelligent Automation, Cloud Blockchain.
Enterprise Technologies and Services (45% of Revenues) - Oracle and JD Edwards, SAP, Infor, Microsoft. [1] [2]

  • Market Cap 7,460 Cr.
  • Current Price 273
  • High / Low 502 / 261
  • Stock P/E 15.5
  • Book Value 85.7
  • Dividend Yield 1.64 %
  • ROCE 24.9 %
  • ROE 19.3 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 27.4%

Cons

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
773 833 907 915 857 881 903 945 1,012 1,072 1,101 1,154 1,192
688 726 790 802 738 736 750 794 860 909 927 985 1,016
Operating Profit 86 107 117 113 119 144 152 151 152 163 175 170 176
OPM % 11% 13% 13% 12% 14% 16% 17% 16% 15% 15% 16% 15% 15%
3 18 19 -8 6 16 5 21 9 13 23 15 -3
Interest 4 4 3 4 3 3 3 3 3 3 4 3 6
Depreciation 20 20 21 22 21 20 18 18 19 19 20 20 21
Profit before tax 64 101 111 80 102 137 137 151 138 154 174 162 147
Tax % 36% 28% 38% 29% 32% 29% 28% 25% 25% 26% 23% 26% 22%
Net Profit 41 73 69 56 69 96 99 114 103 114 133 121 115
EPS in Rs 1.48 2.63 2.50 2.03 2.49 3.48 3.57 4.09 3.71 4.09 4.75 4.31 4.23
Raw PDF

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 TTM
987 1,500 2,239 2,694 2,990 3,224 3,320 2,250 2,551 3,291 3,556 4,130 4,520
838 1,283 1,903 2,316 2,666 2,790 2,971 1,967 2,244 2,899 3,026 3,490 3,836
Operating Profit 149 217 336 378 324 435 349 283 306 392 529 640 683
OPM % 15% 14% 15% 14% 11% 13% 10% 13% 12% 12% 15% 16% 15%
7 24 10 45 35 16 47 87 100 43 19 66 48
Interest 4 7 14 26 26 17 14 8 11 16 13 13 16
Depreciation 41 44 47 54 85 69 83 40 50 83 80 77 79
Profit before tax 110 189 285 343 248 365 299 322 346 336 455 617 637
Tax % 14% 23% 27% 27% 5% 23% 20% 21% 16% 33% 29% 25%
Net Profit 95 148 208 249 237 281 239 254 292 224 321 464 483
EPS in Rs 5.38 10.32 12.83 12.05 14.22 12.08 12.80 10.56 8.11 11.57 16.59 17.38
Dividend Payout % 6% 9% 9% 8% 9% 15% 17% 18% 19% 25% 30% 27%
Compounded Sales Growth
10 Years: 11%
5 Years: 4%
3 Years: 17%
TTM: 21%
Compounded Profit Growth
10 Years: 12%
5 Years: 16%
3 Years: 20%
TTM: 17%
Stock Price CAGR
10 Years: 16%
5 Years: 19%
3 Years: 49%
1 Year: -38%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 16%
Last Year: 19%

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 Sep 2022
18 36 39 37 38 38 38 38 55 55 55 56 54
Reserves 585 677 998 1,237 1,258 1,348 1,545 1,779 1,659 1,837 2,124 2,527 2,278
93 222 363 495 505 250 387 310 38 145 128 123 118
213 401 384 376 473 547 559 606 746 650 686 677 637
Total Liabilities 909 1,336 1,783 2,145 2,274 2,183 2,528 2,733 2,498 2,687 2,994 3,383 3,087
256 529 619 813 730 630 671 829 588 751 698 725 746
CWIP 32 18 24 2 12 36 138 32 0 2 7 3 3
Investments 48 58 215 186 82 12 79 129 191 33 571 840 368
573 730 925 1,144 1,451 1,505 1,641 1,743 1,719 1,901 1,719 1,816 1,970
Total Assets 909 1,336 1,783 2,145 2,274 2,183 2,528 2,733 2,498 2,687 2,994 3,383 3,087

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
64 100 120 103 289 410 163 407 -72 310 558 281
-61 -270 -350 -190 -102 -146 -150 -193 123 -42 -444 -309
104 108 272 79 -40 -307 80 -128 -116 -180 -97 -147
Net Cash Flow 108 -61 43 -8 147 -42 93 86 -64 88 17 -176

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 85 107 76 91 85 78 86 131 102 82 53 60
Inventory Days
Days Payable
Cash Conversion Cycle 85 107 76 91 85 78 86 131 102 82 53 60
Working Capital Days 36 45 36 57 49 41 49 78 61 49 41 56
ROCE % 19% 24% 26% 23% 15% 23% 16% 16% 17% 18% 22% 25%

Shareholding Pattern

Numbers in percentages

9 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
40.82 40.77 40.74 40.74 40.72 40.67 40.66 40.55 40.40 40.32 41.48 41.31
27.10 25.14 22.46 17.52 17.40 17.29 17.38 17.39 15.41 15.24 12.95 12.40
7.73 8.69 11.65 16.91 17.66 19.61 21.97 21.36 22.66 21.12 19.87 20.10
23.85 24.93 24.74 24.48 23.90 22.15 19.77 20.54 21.40 23.19 25.61 26.10
0.50 0.48 0.41 0.35 0.32 0.28 0.21 0.16 0.13 0.13 0.10 0.09

* 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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Documents

Concalls