Kellton Tech Solutions Ltd // IT Software Products

Pros:
Company has good consistent profit growth of 78.63% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 32.68%
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Promoter's stake has decreased

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. Tata Elxsi 990.95 21.60 6171.28 1.11 82.18 43.57 402.78 17.72 56.53
2. Polaris Consulta 474.60 22.32 4893.06 0.00 68.61 107.09 721.34 26.87 26.88
3. Aurionpro Sol. 156.75 3.20 370.40 1.27 12.65 42.13 120.18 26.71 28.29
4. Quick Heal 188.45 13.11 1328.42 1.59 6.44 158.07 52.79 77.62 17.86
5. Intellect Design 202.60 28.05 2660.28 0.00 43.94 657.59 298.85 23.92 6.99
6. Mastek 461.40 14.11 1097.48 1.30 22.46 53.21 244.04 31.52 17.07
7. Datamatics Glob. 114.75 8.78 676.44 0.65 21.61 34.47 260.80 25.04 14.65
8. Kellton Tech 33.25 4.36 320.47 0.00 19.64 35.64 208.62 19.36 34.41

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
110.22 116.51 132.26 140.09 151.07 158.24 165.36 174.78 184.05 209.73 214.93 208.62
94.21 100.04 115.08 121.34 130.26 136.96 143.26 149.89 157.25 179.18 178.40 176.71
Operating Profit 16.01 16.47 17.18 18.75 20.81 21.28 22.10 24.89 26.80 30.55 36.53 31.91
OPM % 14.53% 14.14% 12.99% 13.38% 13.78% 13.45% 13.36% 14.24% 14.56% 14.57% 17.00% 15.30%
Other Income 0.07 0.13 0.50 0.34 0.16 0.58 1.67 0.53 0.80 1.05 0.00 1.06
Depreciation 0.76 0.75 1.00 0.83 0.79 0.97 1.64 1.05 1.24 1.40 1.70 1.39
Interest 2.66 3.26 2.84 2.29 2.66 2.13 3.21 3.11 3.94 4.35 4.89 4.58
Profit before tax 12.66 12.59 13.85 15.97 17.52 18.77 18.92 21.27 22.41 25.85 29.93 27.01
Tax 3.09 2.46 2.57 3.94 4.41 4.99 4.79 6.78 7.86 8.81 7.62 7.37
Net Profit 9.57 10.12 11.28 12.03 13.11 13.79 14.13 14.48 14.56 17.04 22.31 19.64

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

Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 TTM
1 39 49 134 238 359 615 783 817
4 35 43 120 205 309 533 665 692
Operating Profit -3 4 6 13 33 49 82 118 126
OPM % -510% 11% 12% 10% 14% 14% 13% 15% 15%
Other Income 0 0 1 0 2 1 4 3 3
Interest 0 0 1 3 6 9 10 16 18
Depreciation 0 1 1 2 3 3 4 5 6
Profit before tax -4 3 4 8 26 39 71 99 105
Tax % -1% 8% 17% 16% 14% 21% 25% 31%
Net Profit -4 3 4 6 22 31 53 68 74
EPS in Rs 0.00 0.42 0.53 0.77 2.54 4.41 5.63 7.10
Dividend Payout % -0% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:74.37%
3 Years:48.78%
TTM:25.85%
Compounded Profit Growth
10 Years:%
5 Years:78.63%
3 Years:45.66%
TTM:32.50%
Return on Equity
10 Years:%
5 Years:32.56%
3 Years:32.68%
TTM:31.18%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018
9 18 18 21 22 23 24 48
Reserves -6 5 9 22 44 102 154 212
Borrowings 0 2 6 26 82 87 120 114
1 5 11 33 89 97 156 208
Total Liabilities 4 29 44 101 237 309 453 582
1 16 22 54 107 118 222 228
CWIP 0 0 0 0 0 1 1 0
Investments 2 2 2 2 0 0 0 0
2 11 20 46 129 190 230 354
Total Assets 4 29 44 101 237 309 453 582

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018
-0 0 6 20 17 14 43 48
0 -2 -7 -35 -56 -29 -46 -35
0 0 1 19 51 7 12 -3
Net Cash Flow 0 -2 0 4 12 -9 8 9