Softtech Engineers Ltd

Softtech Engineers Ltd

₹ 332 -3.57%
21 May - close price
About

Incorporated in 1996, SoftTech Engineers Ltd is in the business of design, development, installation and servicing of information technology related resource[1]

Key Points

Business Overview:[1][2]
STEL develops software and intellectual property in architecture, engineering and construction (AEC) domains. Their products cater to the entire lifecycle of construction, i.e., from planning a lay out, approval for the same, budgeting, area calculation, execution of plan etc.
It is focused on software for the construction industry and has serviced over 4500 clients in India and abroad

  • Market Cap 426 Cr.
  • Current Price 332
  • High / Low 378 / 122
  • Stock P/E 67.0
  • Book Value 102
  • Dividend Yield 0.00 %
  • ROCE 9.11 %
  • ROE 5.95 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 208 to 146 days.

Cons

  • Stock is trading at 3.26 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 4.86% over past five years.
  • Promoter holding is low: 32.0%
  • Company has a low return on equity of 6.11% over last 3 years.
  • Promoter holding has decreased over last 3 years: -11.4%

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
13.63 11.02 15.42 14.44 16.58 12.14 17.18 17.75 18.28 18.81 18.70 18.36
10.56 7.32 11.75 10.52 11.82 8.28 11.87 12.14 11.78 13.45 12.06 12.22
Operating Profit 3.07 3.70 3.67 3.92 4.76 3.86 5.31 5.61 6.50 5.36 6.64 6.14
OPM % 22.52% 33.58% 23.80% 27.15% 28.71% 31.80% 30.91% 31.61% 35.56% 28.50% 35.51% 33.44%
0.78 0.15 0.97 0.42 0.55 0.45 0.49 0.38 0.38 0.57 0.54 0.62
Interest 0.75 0.65 0.75 0.69 0.78 0.72 0.93 1.09 1.18 1.20 1.20 1.06
Depreciation 1.77 1.87 1.80 1.83 2.05 2.51 2.54 2.60 2.81 3.27 3.41 3.24
Profit before tax 1.33 1.33 2.09 1.82 2.48 1.08 2.33 2.30 2.89 1.46 2.57 2.46
Tax % 29.32% 25.56% 26.79% 23.08% 25.40% 25.00% 24.89% 25.22% 47.40% 23.29% 26.85% 25.61%
0.95 1.00 1.53 1.41 1.85 0.81 1.74 1.72 1.53 1.12 1.88 1.83
EPS in Rs 1.00 1.06 1.61 1.39 1.82 0.80 1.71 1.69 1.51 1.10 1.85 1.43
Raw PDF
Upcoming result date: 24 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
12.24 21.27 25.62 35.25 43.99 46.72 51.54 62.76 57.95 41.57 57.46 65.34 74.15
9.23 18.52 18.12 27.94 33.12 33.62 36.18 46.76 42.49 28.42 41.04 43.94 49.51
Operating Profit 3.01 2.75 7.50 7.31 10.87 13.10 15.36 16.00 15.46 13.15 16.42 21.40 24.64
OPM % 24.59% 12.93% 29.27% 20.74% 24.71% 28.04% 29.80% 25.49% 26.68% 31.63% 28.58% 32.75% 33.23%
0.39 0.69 0.06 0.69 0.34 0.46 0.45 0.80 0.95 0.98 1.97 1.71 2.11
Interest 0.00 0.89 1.62 1.49 2.09 2.49 2.40 1.83 1.84 3.32 3.01 4.05 4.64
Depreciation 1.28 1.23 2.39 3.03 3.62 3.74 3.78 4.04 3.72 5.50 7.64 10.46 12.73
Profit before tax 2.12 1.32 3.55 3.48 5.50 7.33 9.63 10.93 10.85 5.31 7.74 8.60 9.38
Tax % 23.11% 25.76% 28.45% 39.08% 34.18% 32.88% 29.49% 28.64% 29.03% 28.63% 25.32% 32.67%
1.63 0.98 2.54 2.12 3.62 4.92 6.79 7.79 7.71 3.78 5.78 5.80 6.36
EPS in Rs 6.53 3.93 9.84 8.21 10.27 13.96 9.63 8.27 8.18 3.99 5.69 5.71 5.89
Dividend Payout % 7.67% 12.76% 5.08% 6.08% 4.88% 0.00% 5.19% 6.05% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 12%
5 Years: 5%
3 Years: 4%
TTM: 17%
Compounded Profit Growth
10 Years: 19%
5 Years: -3%
3 Years: -10%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: 41%
3 Years: 53%
1 Year: 116%
Return on Equity
10 Years: 11%
5 Years: 8%
3 Years: 6%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2.50 2.50 2.58 2.58 3.53 3.53 7.05 9.42 9.42 9.47 10.15 10.16 10.16
Reserves 4.44 3.77 11.41 17.81 21.16 27.43 30.35 51.73 58.93 62.91 78.18 92.77 120.43
Preference Capital 0.00 0.00 0.43 0.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9.18 10.77 13.61 10.42 18.39 17.31 15.08 15.79 28.13 36.59 35.03 48.03 43.56
5.61 3.09 6.69 9.27 14.14 12.17 15.99 8.53 12.40 14.19 13.62 17.98 16.47
Total Liabilities 21.73 20.13 34.29 40.08 57.22 60.44 68.47 85.47 108.88 123.16 136.98 168.94 190.62
4.84 5.72 6.63 10.14 8.32 9.19 8.68 8.82 10.93 24.67 31.99 42.66 48.31
CWIP 1.48 2.40 2.12 1.29 3.68 2.30 3.80 5.11 6.06 3.08 3.78 5.05 0.00
Investments 0.32 0.32 0.32 0.32 0.04 0.04 0.04 11.48 10.27 8.12 9.00 17.16 17.52
15.09 11.69 25.22 28.33 45.18 48.91 55.95 60.06 81.62 87.29 92.21 104.07 124.79
Total Assets 21.73 20.13 34.29 40.08 57.22 60.44 68.47 85.47 108.88 123.16 136.98 168.94 190.62

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 9.43 7.87 4.09 -5.16 6.54 12.62 8.86
0.00 -5.11 -3.72 -19.10 -6.53 -7.72 -16.89 -26.76
0.00 -3.68 -4.86 15.03 10.41 1.17 4.79 17.88
Net Cash Flow 0.00 0.64 -0.72 0.02 -1.28 -0.01 0.52 -0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 305.66 120.29 204.87 191.04 184.12 138.67 154.38 109.45 226.68 293.00 184.72 145.69
Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable
Cash Conversion Cycle 305.66 120.29 204.87 191.04 184.12 138.67 154.38 109.45 226.68 293.00 184.72 145.69
Working Capital Days 181.90 76.19 136.20 157.39 158.23 165.00 184.13 212.80 348.81 524.54 398.54 416.84
ROCE % 13.64% 13.33% 22.94% 16.65% 20.31% 21.50% 23.88% 19.72% 14.63% 8.35% 9.07% 9.11%

Shareholding Pattern

Numbers in percentages

Mar 2021Sep 2021Oct 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
43.39% 43.29% 40.46% 40.45% 40.45% 40.46% 40.45% 40.44% 40.44% 40.44% 32.05% 32.05%
0.00% 0.00% 0.00% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.08% 0.08%
2.55% 1.13% 1.05% 0.87% 0.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
54.05% 55.58% 58.49% 58.59% 59.26% 59.45% 59.46% 59.45% 59.45% 59.46% 67.87% 67.89%
No. of Shareholders 2702352374586677007228132,1371,9932,6442,155

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents