Majesco Ltd

About [ edit ]

Majesco is engaged in a provider of core platforms and technology solutions in Insurance (Life, Pensions and General).(Source : 201903 Annual Report Page No: 87)

  • Market Cap 206 Cr.
  • Current Price 72.0
  • High / Low 1,019 / 12.2
  • Stock P/E 3.97
  • Book Value 61.2
  • Dividend Yield 1,353 %
  • ROCE 17.8 %
  • ROE 11.9 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.18 times its book value
  • Stock is providing a good dividend yield of 1352.78%.
  • Company has delivered good profit growth of 50.01% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 57.24%

Cons

  • The company has delivered a poor sales growth of -58.33% over past five years.
  • Promoter holding is low: 14.78%
  • Company has a low return on equity of 9.51% for last 3 years.
  • Earnings include an other income of Rs.3156.48 Cr.
  • Promoter holding has decreased over last 3 years: -25.44%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
229.38 242.52 254.71 261.49 258.98 2.57 265.10 2.57 2.42 2.12 0.00 0.00
210.52 215.98 226.61 241.90 231.98 2.70 234.10 1.38 1.87 3.34 0.00 0.00
Operating Profit 18.86 26.54 28.10 19.59 27.00 -0.13 31.00 1.19 0.55 -1.22 0.00 0.00
OPM % 8.22% 10.94% 11.03% 7.49% 10.43% -5.06% 11.69% 46.30% 22.73% -57.55%
Other Income 6.98 14.82 5.42 5.70 4.32 12.74 13.82 30.59 11.42 3,103.71 0.00 0.00
Interest 0.93 0.71 1.01 0.96 0.49 0.09 0.43 0.09 0.06 0.00 0.00 0.00
Depreciation 3.49 3.50 6.01 6.61 8.47 0.16 8.43 0.15 0.18 0.18 0.00 0.00
Profit before tax 21.42 37.15 26.50 17.72 22.36 12.36 35.96 31.54 11.73 3,102.31 0.00 0.00
Tax % 30.25% 28.91% 25.43% 39.95% 46.24% -35.84% 16.41% 0.60% 2.47% 23.39%
Net Profit 14.94 19.10 14.92 8.55 8.46 13.84 23.43 23.94 8.79 1,758.30 0.00 0.00
EPS in Rs 5.31 6.77 5.27 3.02 2.98 4.87 8.21 8.34 3.06 588.41 0.00 0.00

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0 757 826 806 988 1,040 10
0 752 804 784 896 929 20
Operating Profit -0 5 23 22 92 111 -10
OPM % 1% 3% 3% 9% 11% -106%
Other Income 0 9 8 22 34 42 3,156
Interest 0 4 8 5 4 2 0
Depreciation 0 18 17 18 20 34 1
Profit before tax -0 -8 6 21 103 117 3,146
Tax % 0% 195% -21% 87% 30% 23% 23%
Net Profit -0 7 5 6 54 69 1,792
EPS in Rs 2.99 2.17 2.24 19.06 24.09 625.91
Dividend Payout % 0% 0% 0% 45% 8% 8% 156%
Compounded Sales Growth
10 Years:%
5 Years:-58%
3 Years:-77%
TTM:-99%
Compounded Profit Growth
10 Years:%
5 Years:50%
3 Years:102%
TTM:-14%
Stock Price CAGR
10 Years:%
5 Years:-33%
3 Years:-48%
1 Year:-75%
Return on Equity
10 Years:%
5 Years:7%
3 Years:10%
Last Year:12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0 12 12 14 14 14 14
Reserves -0 264 281 529 663 684 161
Borrowings 0 93 85 92 4 1 0
0 305 276 300 431 549 14
Total Liabilities 0 674 654 935 1,112 1,248 190
0 66 261 256 338 358 9
CWIP 0 193 2 0 0 10 18
Investments 0 14 18 309 87 73 142
0 400 373 370 686 807 22
Total Assets 0 674 654 935 1,112 1,248 190

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-0 -15 88 -23 48 119 -786
0 -7 -27 -229 -15 123 3,358
0 60 -20 232 17 -9 -2,922
Net Cash Flow 0 39 40 -19 50 233 -350

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % -2% 4% 3% 16% 15% 18%
Debtor Days 73 37 58 44 69 0
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
39.65 39.55 39.16 39.44 38.67 38.59 38.46 38.25 38.23 36.77 14.78 14.78
7.14 8.01 7.93 7.95 9.50 9.98 10.29 10.09 13.05 15.20 8.53 1.03
14.85 12.62 12.88 12.41 12.76 12.53 12.85 13.37 10.50 11.95 5.85 1.62
38.36 39.82 40.03 40.21 39.08 38.89 38.40 38.29 38.23 36.08 70.84 82.57

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