Sonata Software Ltd

Sonata Software is a global technology Company that enables successful platform based digital transformation initiatives for enterprises, to create businesses that are connected, open, intelligent and scalable. Sonatas Platformation methodology brings together industry expertise, platform technology excellence, design thinking led innovation and strategic engagement models to deliver sustained long term value to customers.

Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is providing a good dividend yield of 4.06%.
Company has a good return on equity (ROE) track record: 3 Years ROE 31.02%
Company has been maintaining a healthy dividend payout of 56.49%
Cons:
Promoter's stake has decreased
Promoter holding is low: 28.17%

Peer Comparison Sector: IT - Software // Industry: Computers - Software - Medium / Small

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
501 575 686 635 427 767 626 688 593 844 836 875
450 520 645 587 372 702 562 615 519 744 747 785
Operating Profit 51 55 41 48 55 65 64 73 74 100 88 90
OPM % 10% 10% 6% 8% 13% 8% 10% 11% 12% 12% 11% 10%
Other Income 9 10 15 17 11 7 12 10 17 -5 8 17
Interest 1 2 1 2 1 1 1 1 1 1 1 4
Depreciation 3 3 3 3 3 3 3 3 3 3 4 9
Profit before tax 56 60 51 60 62 68 71 79 87 91 92 94
Tax % 32% 32% 29% 28% 26% 27% 24% 28% 28% 30% 29% 28%
Net Profit 38 40 36 43 45 49 55 58 62 64 65 67
EPS in Rs 3.69 3.89 3.45 4.15 4.37 4.75 5.28 5.55 5.99 6.17 6.29 6.45
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,428 1,591 1,380 1,405 1,568 1,311 1,566 1,682 1,940 2,371 2,454 2,961 3,147
1,317 1,439 1,222 1,253 1,519 1,261 1,466 1,514 1,749 2,179 2,223 2,625 2,795
Operating Profit 112 152 159 152 49 50 100 168 192 192 231 336 352
OPM % 8% 10% 12% 11% 3% 4% 6% 10% 10% 8% 9% 11% 11%
Other Income 31 11 12 6 1 -49 18 23 47 55 47 30 37
Interest 5 7 7 7 12 6 2 3 8 9 5 3 7
Depreciation 43 44 49 39 46 10 8 6 6 11 12 13 19
Profit before tax 94 113 115 113 -8 -15 107 182 225 226 260 349 364
Tax % 13% 20% 17% 15% -119% -93% 27% 27% 30% 31% 26% 29%
Net Profit 59 77 80 86 -3 -28 78 134 159 156 193 249 259
EPS in Rs 5.38 7.02 7.31 7.81 0.00 0.00 6.72 11.33 13.25 15.07 18.55 23.99 24.90
Dividend Payout % 20% 21% 22% 25% -305% -66% 51% 55% 60% 60% 57% 53%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:6.41%
5 Years:13.59%
3 Years:15.13%
TTM:25.50%
Compounded Profit Growth
10 Years:12.18%
5 Years:26.80%
3 Years:15.91%
TTM:24.85%
Return on Equity
10 Years:23.65%
5 Years:31.85%
3 Years:31.02%
Last Year:34.02%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
11 11 11 11 11 11 11 11 11 10 10 10
Reserves 218 266 353 397 364 331 364 418 460 580 643 758
Borrowings 28 3 30 31 43 17 6 24 176 55 34 16
345 432 330 318 391 196 279 355 345 552 545 744
Total Liabilities 602 713 724 756 809 554 659 808 992 1,198 1,232 1,528
176 185 184 166 188 22 17 23 120 118 114 199
CWIP 7 6 0 3 2 0 0 0 0 0 0 1
Investments 24 8 46 19 24 22 58 64 52 128 198 146
395 513 494 569 595 511 584 721 820 951 920 1,182
Total Assets 602 713 724 756 809 554 659 808 992 1,198 1,232 1,528

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
45 106 70 111 37 50 127 77 158 185 290 -6
-32 -33 -80 4 -62 -6 -39 -126 -133 -3 104 12
-58 -67 2 -40 -4 -28 -41 -51 -30 -173 -140 -166
Net Cash Flow -45 5 -9 76 -28 15 46 -100 -4 9 253 -160

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 40% 44% 36% 29% 4% 12% 28% 44% 42% 35% 39% 46%
Debtor Days 61 64 51 53 46 39 49 67 67 80 59 100
Inventory Turnover 142.27 159.60 136.68 112.74 61.97 63.64 1,565.80 393.94 223.82 473.68