Reported Earnings • May 23
Full year 2026 earnings released: LK₨0.13 loss per share (vs LK₨1.02 loss in FY 2025) Full year 2026 results: LK₨0.13 loss per share (improved from LK₨1.02 loss in FY 2025). Revenue: LK₨2.06b (up 13% from FY 2025). Net loss: LK₨37.4m (loss narrowed 87% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. New Risk • Nov 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 66% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (LK₨5.08b market cap, or US$16.5m). Annuncio • Jul 29
hSenid Business Solutions PLC, Annual General Meeting, Aug 21, 2025 hSenid Business Solutions PLC, Annual General Meeting, Aug 21, 2025, at 14:00 Sri Lanka Standard Time. Location: ceylon chamber of commerce - no. 50, navam mawatha, western province 00200, colombo Sri Lanka Reported Earnings • Jun 02
Full year 2025 earnings released: LK₨1.02 loss per share (vs LK₨1.06 loss in FY 2024) Full year 2025 results: LK₨1.02 loss per share (improved from LK₨1.06 loss in FY 2024). Revenue: LK₨1.82b (up 11% from FY 2024). Net loss: LK₨286.5m (loss narrowed 2.3% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 07
Third quarter 2025 earnings released: LK₨0.35 loss per share (vs LK₨0.16 loss in 3Q 2024) Third quarter 2025 results: LK₨0.35 loss per share (further deteriorated from LK₨0.16 loss in 3Q 2024). Revenue: LK₨431.3m (down 5.0% from 3Q 2024). Net loss: LK₨99.7m (loss widened 124% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. New Risk • Nov 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 52% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Market cap is less than US$100m (LK₨3.22b market cap, or US$11.0m). Reported Earnings • Nov 09
Second quarter 2025 earnings released: LK₨0.46 loss per share (vs LK₨0.05 loss in 2Q 2024) Second quarter 2025 results: LK₨0.46 loss per share (further deteriorated from LK₨0.05 loss in 2Q 2024). Revenue: LK₨421.5m (up 5.3% from 2Q 2024). Net loss: LK₨128.9m (loss widened LK₨114.0m from 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Asia. New Risk • Aug 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: LK₨2.99b (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.9% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (LK₨2.99b market cap, or US$9.95m). New Risk • Aug 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 5.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.9% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 46% per year over the past 5 years. Minor Risk Market cap is less than US$100m (LK₨3.15b market cap, or US$10.6m). Upcoming Dividend • Aug 09
Upcoming dividend of LK₨1.25 per share Eligible shareholders must have bought the stock before 16 August 2024. Payment date: 05 September 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 9.9%. Within top quartile of Sri Lankan dividend payers (8.5%). Higher than average of industry peers (1.2%). Reported Earnings • Jul 28
Full year 2024 earnings released: LK₨1.06 loss per share (vs LK₨0.68 profit in FY 2023) Full year 2024 results: LK₨1.06 loss per share (down from LK₨0.68 profit in FY 2023). Revenue: LK₨1.65b (up 12% from FY 2023). Net loss: LK₨293.1m (down 256% from profit in FY 2023). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Asia. Declared Dividend • Jul 26
Dividend increased to LK₨1.25 Dividend of LK₨1.25 is 257% higher than last year. Ex-date: 16th August 2024 Payment date: 5th September 2024 Dividend yield will be 9.6%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 104% per year over the past 2 years and payments have been stable during that time. Annuncio • Jul 24
hSenid Business Solutions PLC, Annual General Meeting, Aug 15, 2024 hSenid Business Solutions PLC, Annual General Meeting, Aug 15, 2024, at 14:00 Sri Lanka Standard Time. Location: ceylon chamber of commerce, Sri Lanka Reported Earnings • May 21
Full year 2024 earnings released: LK₨1.17 loss per share (vs LK₨0.68 profit in FY 2023) Full year 2024 results: LK₨1.17 loss per share (down from LK₨0.68 profit in FY 2023). Revenue: LK₨1.65b (up 12% from FY 2023). Net loss: LK₨323.1m (down 272% from profit in FY 2023). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Asia. Reported Earnings • Feb 08
Third quarter 2024 earnings released: LK₨0.16 loss per share (vs LK₨0.11 profit in 3Q 2023) Third quarter 2024 results: LK₨0.16 loss per share (down from LK₨0.11 profit in 3Q 2023). Revenue: LK₨453.9m (up 23% from 3Q 2023). Net loss: LK₨44.5m (down 250% from profit in 3Q 2023). Reported Earnings • Nov 07
Second quarter 2024 earnings released: LK₨0.05 loss per share (vs LK₨0.20 profit in 2Q 2023) Second quarter 2024 results: LK₨0.05 loss per share (down from LK₨0.20 profit in 2Q 2023). Revenue: LK₨400.3m (flat on 2Q 2023). Net loss: LK₨14.9m (down 127% from profit in 2Q 2023). New Risk • Oct 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: LK₨3.24b (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Market cap is less than US$10m (LK₨3.24b market cap, or US$9.99m). Minor Risk Revenue is less than US$5m (LK₨1.5b revenue, or US$4.7m). Upcoming Dividend • Aug 11
Upcoming dividend of LK₨0.35 per share at 2.6% yield Eligible shareholders must have bought the stock before 18 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Sri Lankan dividend payers (7.4%). Higher than average of industry peers (0.8%). Annuncio • Jul 27
hSenid Business Solutions PLC Proposes Dividend for the Financial Year Ended 31 March 2023 hSenid Business Solutions PLC announced that at its Annual General Meeting of the company to be held on 17 August 2023, proposed to declare a final dividend of LKR 0.35 per share for the financial year ended 31 March 2023 as recommended by the Board. Reported Earnings • Jul 27
Full year 2023 earnings released: EPS: LK₨0.68 (vs LK₨1.93 in FY 2022) Full year 2023 results: EPS: LK₨0.68 (down from LK₨1.93 in FY 2022). Revenue: LK₨1.46b (up 34% from FY 2022). Net income: LK₨188.2m (down 59% from FY 2022). Profit margin: 13% (down from 42% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Software industry in Asia. Annuncio • Jun 29
hSenid Business Solutions PLC, Annual General Meeting, Aug 17, 2023 hSenid Business Solutions PLC, Annual General Meeting, Aug 17, 2023. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: LK₨0.66 (vs LK₨1.93 in FY 2022) Full year 2023 results: EPS: LK₨0.66 (down from LK₨1.93 in FY 2022). Revenue: LK₨1.45b (up 33% from FY 2022). Net income: LK₨183.5m (down 60% from FY 2022). Profit margin: 13% (down from 42% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in Asia. Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: LK₨0.11 (vs LK₨0.46 in 3Q 2022) Third quarter 2023 results: EPS: LK₨0.11 (down from LK₨0.46 in 3Q 2022). Revenue: LK₨368.4m (up 16% from 3Q 2022). Net income: LK₨29.7m (down 71% from 3Q 2022). Profit margin: 8.1% (down from 32% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in Asia. Price Target Changed • Feb 02
Price target decreased by 19% to LK₨22.70 Down from LK₨27.90, the current price target is provided by 1 analyst. New target price is 34% above last closing price of LK₨16.90. Stock is down 38% over the past year. The company posted earnings per share of LK₨1.93 last year. Recent Insider Transactions • Dec 04
Non-Executive Non-Independent Director recently bought LK₨13m worth of stock On the 30th of November, Apurva Udeshi bought around 750k shares on-market at roughly LK₨17.00 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨16m more in shares than they have sold in the last 12 months. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Non-Independent Director Apurva Udeshi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: LK₨0.21 (vs LK₨0.46 in 2Q 2022) Second quarter 2023 results: EPS: LK₨0.21 (down from LK₨0.46 in 2Q 2022). Revenue: LK₨397.2m (up 25% from 2Q 2022). Net income: LK₨58.0m (down 43% from 2Q 2022). Profit margin: 15% (down from 32% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in Asia. Buying Opportunity • Sep 20
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be LK₨27.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last year. Earnings per share has grown by 168%. Buying Opportunity • Sep 02
Now 22% undervalued Over the last 90 days, the stock is up 1.9%. The fair value is estimated to be LK₨27.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last year. Earnings per share has grown by 168%. Board Change • Aug 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Non-Independent Director Apurva Udeshi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: LK₨0.73 (vs LK₨0.81 in 1Q 2022) First quarter 2023 results: EPS: LK₨0.73. Revenue: LK₨307.1m (down 25% from 1Q 2022). Net income: LK₨202.4m (up 16% from 1Q 2022). Profit margin: 66% (up from 43% in 1Q 2022). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 50%, compared to a 27% growth forecast for the industry in Sri Lanka. Buying Opportunity • Jul 25
Now 23% undervalued Over the last 90 days, the stock is up 45%. The fair value is estimated to be LK₨27.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has grown by 100%. Buying Opportunity • Jun 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be LK₨23.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has grown by 100%. Reported Earnings • May 30
Full year 2022 earnings released: EPS: LK₨1.93 (vs LK₨0.96 in FY 2021) Full year 2022 results: EPS: LK₨1.93 (up from LK₨0.96 in FY 2021). Revenue: LK₨1.09b (up 13% from FY 2021). Net income: LK₨531.6m (up 154% from FY 2021). Profit margin: 49% (up from 22% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 56%, compared to a 29% growth forecast for the industry in Sri Lanka. Buying Opportunity • May 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be LK₨23.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 14%. Buying Opportunity • Apr 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 44%. The fair value is estimated to be LK₨23.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorated over the past week After last week's 15% share price decline to LK₨18.00, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 32x in the Software industry in Asia. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨21.40, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 31x in the Software industry in Asia. Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: LK₨0.46. Revenue: LK₨318.8m (flat on 3Q 2021). Net income: LK₨102.1m (up LK₨102.1m from 3Q 2021). Profit margin: 32% (up from null in 3Q 2021). Revenue was in line with analyst estimates.