Suyog Telematics Ltd

Suyog Telematics Ltd

₹ 1,882 -1.94%
11 Dec 3:58 p.m.
About

Incorporated in 1995, Suyog Telematics Limited is engaged primarily in the business of installing, commissioning and servicing of poles, towers and optical fibre cabe (OFC ) systems, catering to the telecommunication industry with operators across 12 telecom circles in India.
The company is registered as Infrastructure Provider Category-I (IP-I) with the Department of Telecommunications (DoT).

Key Points

Business:[1] The company is a service provider of telecommunication products and services. Company builds, owns and operates passive infrastructure assets like telecom towers, optical fiber cable (OFC) systems and related assets, and provides them on a shared basis to wireless and other communications service providers. These customers use the space on the company's telecommunication towers to install active communication-related equipment to operate their wireless communications networks.

  • Market Cap 2,006 Cr.
  • Current Price 1,882
  • High / Low 1,949 / 867
  • Stock P/E 27.9
  • Book Value 333
  • Dividend Yield 0.07 %
  • ROCE 21.6 %
  • ROE 23.8 %
  • Face Value 10.0

Pros

  • Company's median sales growth is 16.1% of last 10 years

Cons

  • The company has delivered a poor sales growth of 9.60% over past five years.
  • Tax rate seems low

* 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

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
38 42 40 33 35 38 38 39 41 42 45 46 48
15 22 13 12 11 14 14 12 13 8 17 13 13
Operating Profit 22 20 27 21 24 24 24 27 28 34 29 33 35
OPM % 59% 48% 68% 64% 68% 63% 63% 70% 69% 81% 63% 71% 73%
0 0 2 3 2 2 1 1 3 1 2 2 5
Interest 2 1 9 5 3 2 5 4 6 5 4 3 4
Depreciation 6 3 8 3 6 8 10 7 8 8 10 11 11
Profit before tax 15 15 12 16 17 16 10 16 17 22 16 21 25
Tax % 21% 24% 45% 28% 28% 36% -20% 24% 6% 11% 4% 19% 18%
12 12 7 11 12 10 13 12 16 19 16 17 20
EPS in Rs 11.20 11.19 6.38 10.87 11.61 9.64 12.06 11.68 14.74 17.92 14.74 15.84 19.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
9 12 22 44 61 85 105 122 132 126 144 167 181
6 8 13 20 32 51 53 67 66 40 51 49 51
Operating Profit 3 4 9 24 29 34 52 56 66 87 93 117 130
OPM % 37% 34% 39% 54% 48% 40% 50% 45% 50% 69% 65% 70% 72%
0 0 0 0 3 2 2 1 3 6 9 8 12
Interest 1 1 2 3 5 8 7 6 10 14 16 20 17
Depreciation 1 1 2 3 3 4 6 7 16 22 26 34 41
Profit before tax 1 2 5 18 24 24 42 43 42 57 59 71 84
Tax % 32% 40% 37% 34% 28% 23% 31% 24% 42% 27% 22% 11%
1 1 3 12 17 18 29 33 24 41 46 63 72
EPS in Rs 33.33 1.19 3.30 11.82 16.69 18.20 28.20 32.53 24.03 39.48 44.18 59.38 67.51
Dividend Payout % 0% 0% 0% 0% 0% 5% 9% 2% 0% 3% 1% 2%
Compounded Sales Growth
10 Years: 30%
5 Years: 10%
3 Years: 8%
TTM: 16%
Compounded Profit Growth
10 Years: 53%
5 Years: 17%
3 Years: 37%
TTM: 41%
Stock Price CAGR
10 Years: 53%
5 Years: 36%
3 Years: 68%
1 Year: 92%
Return on Equity
10 Years: 26%
5 Years: 23%
3 Years: 23%
Last Year: 24%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 6 8 8 10 10 10 10 10 10 10 11 11
Reserves 3 4 15 27 42 60 87 117 133 178 224 288 344
9 11 13 27 61 61 58 44 93 118 158 150 165
5 5 8 22 26 29 49 74 77 55 87 51 58
Total Liabilities 20 27 44 84 138 160 204 245 314 361 480 500 578
5 10 20 39 68 86 101 126 196 256 340 366 408
CWIP 1 2 2 4 6 5 11 14 19 12 3 7 2
Investments 0 1 1 1 1 1 0 0 0 0 1 0 1
14 13 20 39 64 67 92 105 98 92 136 127 168
Total Assets 20 27 44 84 138 160 204 245 314 361 480 500 578

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2 3 4 2 -1 33 40 59 60 47 67 72
-4 -9 -11 -11 -27 -21 -27 -36 -45 -74 -108 -63
6 6 7 13 28 -12 -12 -18 -18 27 40 -7
Net Cash Flow -0 0 -0 4 0 -0 1 4 -3 0 -1 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 69 74 45 92 78 51 56 80 74 77 103 101
Inventory Days 168 9 15 14 22 13 25 103 96 154
Days Payable 528 68 53 82 189 278 299 250 742 339
Cash Conversion Cycle -290 74 45 33 40 -17 -111 -185 -199 -70 -542 -83
Working Capital Days 28 20 55 29 116 58 64 8 48 112 119 129
ROCE % 27% 17% 25% 43% 33% 26% 34% 30% 26% 26% 22% 22%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
48.13% 48.13% 48.13% 48.13% 48.13% 48.13% 48.19% 47.93% 47.37% 47.37% 47.32% 47.30%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.70% 4.68% 4.30%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.08% 0.01%
51.87% 51.87% 51.87% 51.86% 51.86% 51.86% 51.81% 52.07% 52.63% 47.90% 47.90% 48.38%
No. of Shareholders 1,7271,7301,9132,1392,1902,9263,4864,5995,3046,6158,06211,640

* 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.

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