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 304 Cr.
  • Current Price 106
  • High / Low 1,019 / 12.2
  • Stock P/E
  • Book Value 1,084
  • Dividend Yield 918 %
  • ROCE 15.1 %
  • ROE 8.79 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.10 times its book value
  • Stock is providing a good dividend yield of 918.43%.
  • Company has delivered good profit growth of 358.10% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.29%

Cons

  • Promoter holding has decreased by -22.00% over last quarter
  • Promoter holding is low: 14.78%
  • Company has a low return on equity of 7.20% for last 3 years.
  • Earnings include an other income of Rs.3126.94 Cr.
  • Debtor days have increased from 57.26 to 69.48 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
216.69 229.38 242.52 254.71 261.49 258.98 2.57 2.58 276.65 2.42 2.12 0.00
200.48 210.52 215.98 226.61 241.90 231.98 2.70 3.44 240.03 1.87 3.34 0.00
Operating Profit 16.21 18.86 26.54 28.10 19.59 27.00 -0.13 -0.86 36.62 0.55 -1.22 0.00
OPM % 7.48% 8.22% 10.94% 11.03% 7.49% 10.43% -5.06% -33.33% 13.24% 22.73% -57.55%
Other Income 4.78 6.98 14.82 5.42 5.70 4.32 12.74 31.33 11.81 11.42 3,103.71 0.00
Interest 1.75 0.93 0.71 1.01 0.96 0.49 0.09 0.08 0.58 0.06 0.00 0.00
Depreciation 3.88 3.49 3.50 6.01 6.61 8.47 0.16 0.16 8.63 0.18 0.18 0.00
Profit before tax 15.36 21.42 37.15 26.50 17.72 22.36 12.36 30.23 39.22 11.73 3,102.31 0.00
Tax % 34.31% 30.25% 28.91% 25.43% 39.95% 46.24% -35.84% 0.56% 20.07% 2.47% 23.39%
Net Profit 7.87 14.94 19.10 14.92 8.55 8.46 13.84 23.43 23.41 8.79 1,758.30 0.00
EPS in Rs 2.80 5.31 6.77 5.27 3.02 2.98 4.87 8.21 8.16 3.06 588.41 0.00
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 757 826 806 988 1,040 281
0 752 804 784 896 929 245
Operating Profit -0 5 23 22 92 111 36
OPM % 1% 3% 3% 9% 11% 13%
Other Income 0 9 8 22 34 42 3,127
Interest 0 4 8 5 4 2 1
Depreciation 0 18 17 18 20 34 9
Profit before tax -0 -8 6 21 103 117 3,153
Tax % 0% 195% -21% 87% 30% 23%
Net Profit -0 7 5 6 54 69 1,790
EPS in Rs 2.99 2.17 2.24 19.06 24.09 599.63
Dividend Payout % 0% 0% 0% 45% 8% 8%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:8%
TTM:-47%
Compounded Profit Growth
10 Years:%
5 Years:358%
3 Years:117%
TTM:%
Stock Price CAGR
10 Years:%
5 Years:-27%
3 Years:-39%
1 Year:-71%
Return on Equity
10 Years:%
5 Years:6%
3 Years:7%
Last Year:9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 12 12 14 14 14 15
Reserves -0 264 281 529 663 684 3,088
Borrowings 0 93 85 92 4 1 0
0 305 276 300 431 549 752
Total Liabilities 0 674 654 935 1,112 1,248 3,856
0 66 261 256 338 358 9
CWIP 0 193 2 0 0 10 10
Investments 0 14 18 309 87 73 2,473
0 400 373 370 686 807 1,363
Total Assets 0 674 654 935 1,112 1,248 3,856

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-0 -15 88 -23 48 119
0 -7 -27 -229 -15 123
0 60 -20 232 17 -9
Net Cash Flow 0 39 40 -19 50 233

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
40.22 39.65 39.55 39.16 39.44 38.67 38.59 38.46 38.25 38.23 36.77 14.78
7.85 7.14 8.01 7.93 7.95 9.50 9.98 10.29 10.09 13.05 15.20 8.53
14.99 14.85 12.62 12.88 12.41 12.76 12.53 12.85 13.37 10.50 11.95 5.85
36.94 38.36 39.82 40.03 40.21 39.08 38.89 38.40 38.29 38.23 36.08 70.84

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