Sahana Systems Ltd
Incorporated in 2020, "Sahana System Limited" is engaged in the business of offering IT-related services including web app development, mobile application development, AI & ML development, ChatBot development, and product prototyping.[1]
- Market Cap ₹ 709 Cr.
- Current Price ₹ 887
- High / Low ₹ 1,131 / 136
- Stock P/E 85.8
- Book Value ₹ 54.0
- Dividend Yield 0.00 %
- ROCE 76.5 %
- ROE 83.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 77.2%
Cons
- Stock is trading at 16.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 89.8 to 109 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|
| 6.28 | 3.31 | 12.17 | 24.14 | 39.08 | |
| 5.51 | 2.47 | 9.40 | 14.47 | 26.21 | |
| Operating Profit | 0.77 | 0.84 | 2.77 | 9.67 | 12.87 |
| OPM % | 12.26% | 25.38% | 22.76% | 40.06% | 32.93% |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest | 0.58 | 0.58 | 0.72 | 0.64 | 0.41 |
| Depreciation | 0.10 | 0.04 | 0.12 | 0.17 | 0.24 |
| Profit before tax | 0.09 | 0.22 | 1.93 | 8.86 | 12.22 |
| Tax % | 33.33% | 31.82% | 36.79% | 30.02% | |
| 0.06 | 0.15 | 1.22 | 6.21 | 8.26 | |
| EPS in Rs | 60.00 | 150.00 | 3.94 | 11.15 | 12.70 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| TTM: | 98% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 370% |
| TTM: | 409% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 77% |
| Last Year: | 83% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 3.10 | 5.57 | 8.00 |
| Reserves | 0.00 | 0.15 | 1.27 | 5.00 | 35.15 |
| 6.60 | 7.23 | 5.13 | 4.77 | 0.01 | |
| 1.82 | 0.34 | 4.75 | 8.79 | 39.78 | |
| Total Liabilities | 8.43 | 7.73 | 14.25 | 24.13 | 82.94 |
| 0.06 | 0.03 | 0.23 | 0.32 | 0.27 | |
| CWIP | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 15.00 |
| 7.75 | 7.08 | 13.40 | 23.19 | 67.05 | |
| Total Assets | 8.43 | 7.73 | 14.25 | 24.13 | 82.94 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| -4.59 | -0.08 | -1.82 | 0.93 | |
| 3.71 | 0.00 | -0.31 | 0.23 | |
| 0.91 | 0.05 | 2.22 | -3.12 | |
| Net Cash Flow | 0.03 | -0.03 | 0.09 | -1.96 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 37.78 | 16.54 | 143.96 | 108.86 |
| Inventory Days | 517.08 | 14,836.18 | 941.43 | 352.42 |
| Days Payable | 126.86 | 128.82 | 365.00 | 126.57 |
| Cash Conversion Cycle | 428.00 | 14,723.89 | 720.39 | 334.72 |
| Working Capital Days | 341.75 | 741.03 | 256.43 | 215.92 |
| ROCE % | 11.43% | 31.38% | 76.49% |
Service Portfolio[1] Graphics designing, UI / UX design, SEO & ASO, digital marketing, website & application migration, cyber security, and outsourcing of IT services.