Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Suraiya Begum was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 24
IT Consultants PLC. to Report Q3, 2026 Results on Apr 29, 2026 IT Consultants PLC. announced that they will report Q3, 2026 results on Apr 29, 2026 Aankondiging • Jan 25
IT Consultants PLC. to Report Q2, 2026 Results on Jan 29, 2026 IT Consultants PLC. announced that they will report Q2, 2026 results on Jan 29, 2026 Aankondiging • Nov 10
IT Consultants PLC. to Report Q1, 2026 Results on Nov 13, 2025 IT Consultants PLC. announced that they will report Q1, 2026 results on Nov 13, 2025 Aankondiging • Oct 28
IT Consultants plc announces Annual dividend, payable on January 06, 2026 IT Consultants plc announced Annual dividend of BDT 1.2000 per share payable on January 06, 2026, ex-date on November 17, 2025 and record date on November 16, 2025. Aankondiging • Oct 27
IT Consultants PLC., Annual General Meeting, Dec 07, 2025 IT Consultants PLC., Annual General Meeting, Dec 07, 2025, at 10:30 Central Asia Standard Time. Aankondiging • Oct 14
IT Consultants PLC. to Report Fiscal Year 2025 Results on Oct 26, 2025 IT Consultants PLC. announced that they will report fiscal year 2025 results on Oct 26, 2025 Aankondiging • Apr 23
IT Consultants PLC. to Report Q3, 2025 Results on Apr 28, 2025 IT Consultants PLC. announced that they will report Q3, 2025 results on Apr 28, 2025 Aankondiging • Jan 27
IT Consultants PLC. to Report Q2, 2025 Results on Jan 30, 2025 IT Consultants PLC. announced that they will report Q2, 2025 results on Jan 30, 2025 New Risk • Nov 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (৳4.77b market cap, or US$39.8m). Upcoming Dividend • Nov 13
Upcoming dividend of ৳1.10 per share Eligible shareholders must have bought the stock before 17 November 2024. Payment date: 09 January 2025. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Bangladeshi dividend payers (4.5%). Lower than average of industry peers (3.9%). Aankondiging • Nov 11
IT Consultants PLC. to Report Q1, 2025 Results on Nov 14, 2024 IT Consultants PLC. announced that they will report Q1, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ৳36.90, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 18x in the Diversified Financial industry in Asia. Total returns to shareholders of 14% over the past three years. Declared Dividend • Oct 30
Dividend of ৳1.10 announced Shareholders will receive a dividend of ৳1.10. Ex-date: 17th November 2024 Payment date: 9th January 2025 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but the company has 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 11% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 28
IT Consultants PLC., Annual General Meeting, Dec 10, 2024 IT Consultants PLC., Annual General Meeting, Dec 10, 2024, at 10:30 Central Asia Standard Time. Location: raowa complex, vip road, mohakhali, dhaka-1206, Bangladesh Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: ৳0.81 (vs ৳0.66 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.81 (up from ৳0.66 in 3Q 2023). Revenue: ৳357.6m (up 29% from 3Q 2023). Net income: ৳103.5m (up 22% from 3Q 2023). Profit margin: 29% (down from 31% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 26
IT Consultants PLC. to Report Q3, 2024 Results on Apr 30, 2024 IT Consultants PLC. announced that they will report Q3, 2024 results on Apr 30, 2024 New Risk • Apr 24
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 Bangladeshi stocks, typically moving 7.4% 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 High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (৳6.25b market cap, or US$57.0m). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ৳52.50, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 18x in the Diversified Financial industry in Asia. Total returns to shareholders of 75% over the past three years. Reported Earnings • Feb 01
Second quarter 2024 earnings released: EPS: ৳0.83 (vs ৳0.63 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.83 (up from ৳0.63 in 2Q 2023). Revenue: ৳380.2m (up 34% from 2Q 2023). Net income: ৳106.3m (up 31% from 2Q 2023). Profit margin: 28% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 25
IT Consultants PLC. to Report Q2, 2024 Results on Jan 30, 2024 IT Consultants PLC. announced that they will report Q2, 2024 results on Jan 30, 2024 Upcoming Dividend • Nov 09
Upcoming dividend of ৳1.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 17 January 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Bangladeshi dividend payers (3.3%). Lower than average of industry peers (2.2%). Aankondiging • Oct 28
Information Technology Consultants Limited, Annual General Meeting, Dec 18, 2023 Information Technology Consultants Limited, Annual General Meeting, Dec 18, 2023, at 10:30 Bangladesh Standard Time. Aankondiging • Oct 27
Information Technology Consultants Limited Recommends Cash Dividend for the Year Ended June 30, 2023 Information Technology Consultants Limited announced that Board of Directors has recommended 10% Cash dividend for the year ended June 30, 2023. Record Date: 15.11.2023. Aankondiging • Oct 13
Information Technology Consultants Limited to Report Fiscal Year 2023 Results on Oct 25, 2023 Information Technology Consultants Limited announced that they will report fiscal year 2023 results on Oct 25, 2023 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ৳43.60, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 31x in the Diversified Financial industry in Bangladesh. Total returns to shareholders of 63% over the past three years. Reported Earnings • May 10
Third quarter 2023 earnings released: EPS: ৳0.66 (vs ৳0.54 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.66 (up from ৳0.54 in 3Q 2022). Revenue: ৳277.8m (up 12% from 3Q 2022). Net income: ৳85.0m (up 22% from 3Q 2022). Profit margin: 31% (up from 28% in 3Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Feb 07
Second quarter 2023 earnings released: EPS: ৳0.63 (vs ৳0.50 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.63 (up from ৳0.50 in 2Q 2022). Revenue: ৳284.8m (up 4.6% from 2Q 2022). Net income: ৳81.0m (up 26% from 2Q 2022). Profit margin: 28% (up from 24% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Md. Shaikh was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 09
Upcoming dividend of ৳0.60 per share Eligible shareholders must have bought the stock before 16 November 2022. Payment date: 15 January 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 18% share price gain to ৳39.20, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 21x in the IT industry in Asia. Total returns to shareholders of 11% over the past three years. Aankondiging • Oct 27
Information Technology Consultants Limited Recommends Cash Dividend for the Year Ended June 30, 2022 Information Technology Consultants Limited has recommended 6% cash dividend for the year ended June 30, 2022. Date of AGM is December 14, 2022. Buying Opportunity • Oct 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.9%. The fair value is estimated to be ৳42.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 9.9%. Buying Opportunity • Sep 21
Now 20% undervalued Over the last 90 days, the stock is up 2.7%. The fair value is estimated to be ৳42.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 9.9%. Buying Opportunity • Aug 23
Now 20% undervalued Over the last 90 days, the stock is up 6.3%. The fair value is estimated to be ৳42.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 9.9%. Buying Opportunity • Aug 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.4%. The fair value is estimated to be ৳42.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 9.9%. Buying Opportunity • Jul 13
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ৳42.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 9.9%. Buying Opportunity • Jun 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be ৳42.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 9.9%. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Md. Shaikh was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 17% share price gain to ৳37.70, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 23x in the IT industry in Asia. Total returns to shareholders of 1.5% over the past three years. Reported Earnings • Feb 05
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳0.50 (down from ৳0.53 in 2Q 2021). Revenue: ৳272.3m (down 57% from 2Q 2021). Net income: ৳64.6m (down 5.8% from 2Q 2021). Profit margin: 24% (up from 11% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 28
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: ৳0.34 (up from ৳0.25 in 1Q 2021). Revenue: ৳206.0m (down 4.9% from 1Q 2021). Net income: ৳43.8m (up 39% from 1Q 2021). Profit margin: 21% (up from 15% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 14
Upcoming dividend of ৳0.50 per share Eligible shareholders must have bought the stock before 21 November 2021. Payment date: 13 January 2022. Trailing yield: 1.4%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Higher than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 19% share price gain to ৳42.80, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 26x in the IT industry in Asia. Total returns to shareholders of 37% over the past three years. Reported Earnings • Feb 10
Second quarter 2021 earnings released: EPS ৳0.53 (vs ৳0.52 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ৳639.2m (up 20% from 2Q 2020). Net income: ৳68.5m (up 1.1% from 2Q 2020). Profit margin: 11% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Is New 90 Day High Low • Dec 30
New 90-day high: ৳32.80 The company is up 2.0% from its price of ৳32.19 on 01 October 2020. The Bangladeshi market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 6.0% over the same period. Aankondiging • Nov 03
Information Technology Consultants Limited, Annual General Meeting, Dec 10, 2020 Information Technology Consultants Limited, Annual General Meeting, Dec 10, 2020, at 10:30 Bangladesh Standard Time. Agenda: To recommend dividend. Is New 90 Day High Low • Oct 22
New 90-day low: ৳29.70 The company is down 6.0% from its price of ৳31.50 on 23 July 2020. The Bangladeshi market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 13% over the same period. Aankondiging • Jul 17
Information Technology Consultants Limited to Report Q3, 2020 Results on Jun 29, 2020 Information Technology Consultants Limited announced that they will report Q3, 2020 results on Jun 29, 2020 
