Quick Heal Technologies Ltd

₹ 181 2.03%
May 20 - close price
About

Quick Heal Technologies is engaged in the business of providing security software products. The Company caters to both domestic and international market.

Key Points

Large National Footprint - Quick Heal derives more than 95% of its revenue from India. It operates through a large distribution network penetrating the Tier II and Tier III towns where the internet penetration is now increasing. The company also has a growing international presence, with offices in over 40 countries. To date, the company has installed more than 24 million products and has an active license user base of 9 million and 30,000 enterprise customers. Quick Heal has four international subsidiaries - QHT Japan, MENA, Africa, and America - all 100% held.

  • Market Cap 1,048 Cr.
  • Current Price 181
  • High / Low 320 / 168
  • Stock P/E 12.6
  • Book Value 108
  • Dividend Yield 2.21 %
  • ROCE 15.8 %
  • ROE 12.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 29.97%

Cons

  • The company has delivered a poor sales growth of 2.65% over past five years.
  • Company has a low return on equity of 12.35% for last 3 years.
  • Company has high debtors of 183.58 days.

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
58 99 66 64 73 84 70 105 55 104 80 104
45 51 42 57 41 45 53 52 50 57 59 69
Operating Profit 13 48 23 8 32 39 16 54 5 46 20 35
OPM % 22% 48% 35% 12% 44% 46% 24% 51% 9% 45% 26% 34%
8 7 8 8 6 6 6 6 6 4 4 6
Interest -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Depreciation 5 6 5 6 5 5 5 5 4 4 5 5
Profit before tax 16 50 25 10 34 40 18 54 7 46 20 36
Tax % 26% 26% 30% 22% 26% 28% 24% 27% 16% 24% 27% 22%
Net Profit 12 37 18 8 25 29 13 40 6 35 14 28
EPS in Rs 1.85 5.72 2.77 1.24 3.89 4.49 2.10 6.18 1.07 5.98 2.46 4.84

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
179 205 243 286 302 300 318 315 286 333 342
83 101 157 194 200 210 198 187 195 192 235
Operating Profit 96 104 85 92 102 90 120 128 92 141 107
OPM % 53% 51% 35% 32% 34% 30% 38% 41% 32% 42% 31%
6 11 11 8 10 25 30 33 31 24 19
Interest -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Depreciation 2 4 11 20 24 31 27 24 22 19 17
Profit before tax 99 110 86 80 88 84 123 137 101 146 109
Tax % 31% 30% 32% 33% 34% 37% 33% 33% 27% 27% 23%
Net Profit 68 77 58 54 58 53 83 92 74 107 83
EPS in Rs 89.31 100.74 9.56 8.81 8.27 7.59 11.79 13.01 11.59 16.66 14.34
Dividend Payout % 2% 2% 78% 85% 30% 33% 25% 15% 35% 24% 31%
Compounded Sales Growth
10 Years: 7%
5 Years: 3%
3 Years: 3%
TTM: 3%
Compounded Profit Growth
10 Years: 2%
5 Years: 8%
3 Years: -3%
TTM: -21%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: 1%
1 Year: -20%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 12%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
8 8 61 61 70 70 70 71 64 64 58
Reserves 203 277 271 270 559 592 653 719 580 687 570
Borrowings -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
19 29 47 97 88 72 57 63 52 75 88
Total Liabilities 230 314 380 428 717 734 781 853 697 827 716
19 38 82 111 142 185 173 165 158 146 137
CWIP 24 29 55 74 55 14 14 11 3 2 -0
Investments 100 139 131 130 115 182 306 390 310 416 318
87 107 111 113 405 353 287 288 225 263 261
Total Assets 230 314 380 428 717 734 781 853 697 827 716

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
49 68 61 77 78 36 94 61 71 99 81
-53 -63 -59 -53 -163 -73 -122 -37 148 -93 125
-0 -1 -2 -18 189 -20 -19 -24 -221 0 -214
Net Cash Flow -4 4 -1 7 104 -57 -47 1 -3 6 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 134 138 104 83 112 118 118 145 144 165 184
Inventory Days 181 144
Days Payable 864 1,103
Cash Conversion Cycle 134 138 104 -600 -847 118 118 145 144 165 184
Working Capital Days 105 103 52 -23 29 49 70 92 94 98 411
ROCE % 44% 27% 24% 18% 14% 18% 18% 14% 21% 16%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
72.83 72.83 72.83 72.83 72.83 72.83 72.83 72.83 73.02 72.99 72.92 72.86
2.50 2.32 2.31 2.21 2.16 0.14 0.03 0.03 0.52 0.97 1.57 1.77
0.12 0.14 0.09 0.13 0.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
24.55 24.71 24.77 24.83 24.88 27.03 27.13 27.14 26.47 26.04 25.51 25.37

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