Trigyn Technologies Ltd

₹ 114 0.26%

08 May 2:57 p.m.

About

Incorporated in 1986, Trigyn Technologies
Ltd provides IT Solutions, staffing, consulting, systems integration, managed services, software development, maintenance, and other services^[1]

Key Points

Business Overview:^[1]^[2]
TTL is an associate company of United Telecom Limited. It is an ISO 9001:2015, ISO 27001:2013, ISO 20000:2018, ISO 14001:2015 and CMMI Ver 2.0 DEV Maturity Level-5 certified, global software solution provider of IT and digital transformation services. Company's offshore software development centre is located in Mumbai and it operates in the US through its wholly owned subsidiary, Trigyn Technologies Inc., headquartered in Edison,USA

Website BSE NSE

Market Cap ₹ 351 Cr.
Current Price ₹ 114
High / Low ₹ 168 / 92.1
Stock P/E 21.0
Book Value ₹ 60.6
Dividend Yield 0.00 %
ROCE 4.47 %
ROE 2.31 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Debtor days have improved from 217 to 105 days.
Company's working capital requirements have reduced from 188 days to 98.3 days

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 1.51% over last 3 years.
Earnings include an other income of Rs.38.9 Cr.

* 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	17.69	31.28	22.48	24.46	22.62	24.69	26.99	49.42	50.65	45.45	31.27	33.01	27.61
	18.44	32.36	22.67	26.44	26.05	27.90	34.35	55.47	55.07	41.21	37.51	39.63	33.51
Operating Profit	-0.75	-1.08	-0.19	-1.98	-3.43	-3.21	-7.36	-6.05	-4.42	4.24	-6.24	-6.62	-5.90
OPM %	-4.24%	-3.45%	-0.85%	-8.09%	-15.16%	-13.00%	-27.27%	-12.24%	-8.73%	9.33%	-19.96%	-20.05%	-21.37%
	0.05	7.66	0.41	5.52	0.37	11.74	0.20	0.30	0.33	25.37	0.27	12.71	0.51
Interest	0.39	0.57	0.52	0.52	0.43	0.60	0.40	0.41	0.46	0.33	0.18	0.26	0.20
Depreciation	0.73	0.77	0.82	0.86	0.92	1.02	1.02	1.04	1.07	0.94	1.14	1.05	1.01
Profit before tax	-1.82	5.24	-1.12	2.16	-4.41	6.91	-8.58	-7.20	-5.62	28.34	-7.29	4.78	-6.60
Tax %	6.59%	22.33%	0.89%	35.65%	2.72%	27.50%	0.58%	1.53%	1.60%	10.20%	2.88%	11.09%	10.45%
	-1.69	4.08	-1.10	1.39	-4.28	5.01	-8.52	-7.08	-5.53	25.44	-7.08	4.25	-5.91
EPS in Rs	-0.55	1.33	-0.36	0.45	-1.39	1.63	-2.77	-2.30	-1.80	8.26	-2.30	1.38	-1.92
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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
	30	39	158	150	153	56	62	129	76	88	94	173	137
	27	35	154	153	150	54	60	116	78	85	103	186	152
Operating Profit	3	4	4	-3	2	2	2	13	-2	3	-9	-14	-15
OPM %	10%	10%	3%	-2%	2%	3%	3%	10%	-2%	3%	-9%	-8%	-11%
	5	3	56	4	1	0	1	3	17	8	18	26	39
Interest	0	0	0	0	0	0	0	1	2	2	2	2	1
Depreciation	1	1	-1	1	0	1	1	1	2	3	4	4	4
Profit before tax	7	6	61	1	3	1	1	14	11	6	4	7	19
Tax %	22%	25%	6%	94%	28%	39%	45%	72%	46%	49%	71%	38%
	5	4	57	0	2	1	0	4	6	3	1	4	17
EPS in Rs	1.78	1.49	19.57	0.01	0.72	0.28	0.15	1.29	2.02	0.98	0.33	1.40	5.42
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	58%	12%	0%	0%	0%

Compounded Sales Growth
10 Years:	16%
5 Years:	23%
3 Years:	31%
TTM:	-10%

Compounded Profit Growth
10 Years:	0%
5 Years:	57%
3 Years:	-11%
TTM:	204%

Stock Price CAGR
10 Years:	15%
5 Years:	12%
3 Years:	10%
1 Year:	16%

Return on Equity
10 Years:	2%
5 Years:	2%
3 Years:	2%
Last Year:	2%

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	29	29	29	29	29	30	30	31	31	31	31	31	31
Reserves	73	78	135	134	138	141	145	149	152	154	155	158	156
	0	0	0	0	0	0	1	8	6	10	7	3	2
	17	19	25	19	14	10	17	31	30	30	30	80	108
Total Liabilities	119	126	190	182	181	181	192	218	219	226	223	272	297
	2	2	1	1	1	2	4	3	13	13	14	12	13
CWIP	0	0	0	0	0	0	0	0	1	1	2	2	0
Investments	46	46	91	91	92	94	93	93	93	93	93	100	108
	72	79	98	90	88	85	95	122	112	118	114	157	176
Total Assets	119	126	190	182	181	181	192	218	219	226	223	272	297

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
	-4	2	-4	-6	4	-1	2	-10	2	-4	-10	-6
	-10	-0	-0	1	1	1	-2	7	1	5	12	16
	2	-0	-1	6	-1	-0	-0	8	-4	-4	-5	-6
Net Cash Flow	-12	1	-5	0	4	-1	-1	4	-1	-3	-3	4

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	276	234	145	122	98	230	125	120	339	306	240	105
Inventory Days							442	9	126	75		114
Days Payable							513	70	266	298		98
Cash Conversion Cycle	276	234	145	122	98	230	54	59	199	83	240	120
Working Capital Days	310	247	97	84	75	206	170	187	273	256	210	98
ROCE %	7%	6%	7%	-0%	2%	1%	1%	11%	7%	4%	3%	4%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%
	0.01%	0.25%	0.38%	0.48%	0.33%	0.00%	0.17%	0.00%	0.22%	0.24%	0.71%	0.17%
	55.48%	55.24%	55.12%	55.01%	55.16%	55.48%	55.33%	55.49%	55.28%	55.24%	54.78%	55.33%
No. of Shareholders	21,522	26,051	31,517	40,361	40,437	39,746	38,413	37,647	37,235	38,815	36,925	37,298

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	47.61%	47.35%	46.00%	45.99%	44.51%	44.51%	44.51%	44.51%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.48%	0.00%	0.17%
	0.05%	0.38%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%
	52.33%	52.26%	53.70%	53.99%	55.48%	55.01%	55.49%	55.33%
No. of Shareholders	15,593	15,062	16,294	16,104	17,842	40,361	37,647	37,298

* 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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Trigyn Technologies Ltd

Trigyn Technologies Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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