New Risk • Apr 07
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 Indian stocks, typically moving 8.8% 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: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (₹4.08b market cap, or US$43.9m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹131, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 21x in the IT industry in India. Total returns to shareholders of 24% over the past three years. Buy Or Sell Opportunity • Mar 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to ₹98.72. The fair value is estimated to be ₹124, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 17%. Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹2.10 (vs ₹2.90 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.10 (down from ₹2.90 in 3Q 2025). Revenue: ₹578.4m (down 1.3% from 3Q 2025). Net income: ₹65.3m (down 28% from 3Q 2025). Profit margin: 11% (down from 15% in 3Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Feb 03
CyberTech Systems and Software Limited to Report Q3, 2026 Results on Feb 11, 2026 CyberTech Systems and Software Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: ₹2.78 (vs ₹2.87 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.78 (down from ₹2.87 in 2Q 2025). Revenue: ₹667.3m (up 15% from 2Q 2025). Net income: ₹86.6m (down 3.2% from 2Q 2025). Profit margin: 13% (down from 15% in 2Q 2025). The decrease in margin was driven by higher expenses. 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 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹184, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 57% over the past three years. Buy Or Sell Opportunity • Oct 31
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to ₹167. The fair value is estimated to be ₹134, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. Aankondiging • Oct 27
CyberTech Systems and Software Limited to Report Q2, 2026 Results on Nov 05, 2025 CyberTech Systems and Software Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Buy Or Sell Opportunity • Oct 15
Now 21% overvalued Over the last 90 days, the stock has fallen 7.7% to ₹164. The fair value is estimated to be ₹135, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹161, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 32% over the past three years. New Risk • Sep 29
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 Indian stocks, typically moving 6.0% 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: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (₹5.37b market cap, or US$60.5m). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹195, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 47% over the past three years. Buy Or Sell Opportunity • Sep 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to ₹163. The fair value is estimated to be ₹134, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. Declared Dividend • Sep 06
Dividend increased to ₹4.00 Dividend of ₹4.00 is 100% higher than last year. Ex-date: 22nd September 2025 Payment date: 21st October 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Aug 25
CyberTech Systems and Software Limited, Annual General Meeting, Sep 29, 2025 CyberTech Systems and Software Limited, Annual General Meeting, Sep 29, 2025, at 14:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹151, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 29x in the IT industry in India. Total loss to shareholders of 6.6% over the past three years. Reported Earnings • Jul 25
First quarter 2026 earnings released: EPS: ₹2.63 (vs ₹2.36 in 1Q 2025) First quarter 2026 results: EPS: ₹2.63 (up from ₹2.36 in 1Q 2025). Revenue: ₹652.4m (up 13% from 1Q 2025). Net income: ₹81.7m (up 11% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 17
CyberTech Systems and Software Limited to Report Q1, 2026 Results on Jul 24, 2025 CyberTech Systems and Software Limited announced that they will report Q1, 2026 results on Jul 24, 2025 Buy Or Sell Opportunity • Jun 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ₹164. The fair value is estimated to be ₹137, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 9.8%. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹182, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 29x in the IT industry in India. Total returns to shareholders of 32% over the past three years. Buy Or Sell Opportunity • Jun 04
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at ₹166. The fair value is estimated to be ₹137, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 9.8%. Reported Earnings • May 08
Full year 2025 earnings released: EPS: ₹11.22 (vs ₹7.77 in FY 2024) Full year 2025 results: EPS: ₹11.22 (up from ₹7.77 in FY 2024). Revenue: ₹2.56b (up 16% from FY 2024). Net income: ₹349.3m (up 54% from FY 2024). Profit margin: 14% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 25
CyberTech Systems and Software Limited to Report Q4, 2025 Results on May 06, 2025 CyberTech Systems and Software Limited announced that they will report Q4, 2025 results on May 06, 2025 Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹147, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 26x in the IT industry in India. Total loss to shareholders of 8.5% over the past three years. Buy Or Sell Opportunity • Feb 19
Now 23% overvalued Over the last 90 days, the stock has fallen 8.0% to ₹173. The fair value is estimated to be ₹140, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 6.4%. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹172, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 30x in the IT industry in India. Negligible returns to shareholders over past three years. New Risk • Jan 28
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 Indian stocks, typically moving 7.6% 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹6.07b market cap, or US$70.1m). Reported Earnings • Jan 25
Third quarter 2025 earnings released: EPS: ₹2.90 (vs ₹1.89 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.90 (up from ₹1.89 in 3Q 2024). Revenue: ₹636.4m (up 17% from 3Q 2024). Net income: ₹90.4m (up 64% from 3Q 2024). Profit margin: 14% (up from 10% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹234, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 35x in the IT industry in India. Total returns to shareholders of 22% over the past three years. Aankondiging • Jan 14
CyberTech Systems and Software Limited to Report Q3, 2025 Results on Jan 24, 2025 CyberTech Systems and Software Limited announced that they will report Q3, 2025 results on Jan 24, 2025 Recent Insider Transactions • Dec 08
Senior VP & Director of Delivery recently sold ₹2.2m worth of stock On the 5th of December, Ambadas Bhore sold around 10k shares on-market at roughly ₹220 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹25m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹221, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 38x in the IT industry in India. Total returns to shareholders of 51% over the past three years. Buy Or Sell Opportunity • Nov 26
Now 26% overvalued The stock has been flat over the last 90 days, currently trading at ₹201. The fair value is estimated to be ₹160, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat. Recent Insider Transactions • Nov 03
Senior VP & Director of Delivery recently sold ₹2.1m worth of stock On the 29th of October, Ambadas Bhore sold around 10k shares on-market at roughly ₹207 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹27m more than they bought in the last 12 months. Reported Earnings • Oct 25
Second quarter 2025 earnings released: EPS: ₹2.87 (vs ₹1.70 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.87 (up from ₹1.70 in 2Q 2024). Revenue: ₹579.5m (up 4.8% from 2Q 2024). Net income: ₹89.4m (up 84% from 2Q 2024). Profit margin: 15% (up from 8.8% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Aankondiging • Oct 24
CyberTech Systems and Software Limited Appoints Justin Bharucha as Additional Director (Non-Executive and Independent) CyberTech Systems and Software Limited at its board meeting held on October 23, 2024 approved appointment of Mr. Justin Bharucha, as an Additional Director (Non-Executive and Independent). The same is effective from October 23, 2024. Justin Bharucha is the Managing Partner of Bharucha and Partners and an Advocate on Record at the Supreme Court of India. Justin's practice focuses on mergers and acquisitions, finance, infrastructure, and litigious investor exits. His mergers and acquisitions practice includes advising on domestic and offshore acquisitions (ranging from organic joint ventures to venture capital and private equity investments). Justin is developing the Firm's Infrastructure Practice, focusing on ports, roads, and logistics, while also advising clients on anti-corruption and ethics mandates. He chairs the Employment Law Practice and oversees the Firm's Impact Policy Group, focusing on policy engagement, government relations, impact mandates, and pro bono work. Aankondiging • Oct 15
CyberTech Systems and Software Limited to Report Q2, 2025 Results on Oct 23, 2024 CyberTech Systems and Software Limited announced that they will report Q2, 2025 results on Oct 23, 2024 Aankondiging • Sep 30
Cybertech Systems and Software Limited Approves Dividend for the Financial Year Ended March 31, 2024 CyberTech Systems and Software Limited approved a dividend of INR 2 per Equity Share of face value INR 10 each for the Financial Year ended March 31, 2024. Aankondiging • Sep 28
CyberTech Systems and Software Limited Appoints Anant Amdekar as an Independent Director CyberTech Systems and Software Limited announced the appointment of Mr. Anant Amdekar as an Independent Director of the Company. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹238, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 40x in the IT industry in India. Total returns to shareholders of 47% over the past three years. Recent Insider Transactions • Sep 09
Senior VP & Director of Delivery recently sold ₹1.2m worth of stock On the 5th of September, Ambadas Bhore sold around 5k shares on-market at roughly ₹247 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.9m. Insiders have been net sellers, collectively disposing of ₹24m more than they bought in the last 12 months. Declared Dividend • Sep 04
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 19th September 2024 Payment date: 21st October 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Aug 29
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 Indian stocks, typically moving 7.8% 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: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Significant insider selling over the past 3 months (₹6.5m sold). Market cap is less than US$100m (₹6.28b market cap, or US$74.8m). Buy Or Sell Opportunity • Aug 29
Now 34% overvalued after recent price rise Over the last 90 days, the stock has risen 58% to ₹230. The fair value is estimated to be ₹172, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has declined by 4.2%. Aankondiging • Aug 26
CyberTech Systems and Software Limited, Annual General Meeting, Sep 26, 2024 CyberTech Systems and Software Limited, Annual General Meeting, Sep 26, 2024, at 14:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹200, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 40x in the IT industry in India. Total returns to shareholders of 23% over the past three years. Recent Insider Transactions • Aug 22
Senior VP & Director of Delivery recently sold ₹1.7m worth of stock On the 16th of August, Ambadas Bhore sold around 10k shares on-market at roughly ₹171 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.9m. Insiders have been net sellers, collectively disposing of ₹22m more than they bought in the last 12 months. Recent Insider Transactions • Aug 02
Senior VP & Director of Delivery recently sold ₹1.9m worth of stock On the 29th of July, Ambadas Bhore sold around 10k shares on-market at roughly ₹195 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹20m more than they bought in the last 12 months. Reported Earnings • Jul 25
First quarter 2025 earnings released: EPS: ₹2.36 (vs ₹1.87 in 1Q 2024) First quarter 2025 results: EPS: ₹2.36 (up from ₹1.87 in 1Q 2024). Revenue: ₹622.2m (up 13% from 1Q 2024). Net income: ₹73.6m (up 38% from 1Q 2024). Profit margin: 12% (up from 9.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. Aankondiging • Jul 25
CyberTech Systems and Software Limited Appoints Anant Amdekar, as an Additional Director (Non-Executive and Independent) Board of Directors of CyberTech Systems and Software Limited at their meeting held on July 24, 2024, inter-alia, considered and approved: Based on the recommendation of the Nomination and Remuneration Committee, the appointment of Mr. Anant Amdekar, as an Additional Director (Non-Executive and Independent), has been confirmed by the Board. The same is effective from July 24, 2024. Prof. (CS) Anant G. Amdekar, is a distinguished professional and educator in corporate law, governance, and business strategy, He is a Practicing Company Secretary, also a Commerce and a Law graduate from University of Mumbai. He has over 30 years of rich experience in corporate secretarial work, legal, compliance, and business consulting. As the founder of Anant Amdekar & Associates, a practicing Company Secretary firm, he has developed expertise in board-level compliance, corporate law interpretation, secretarial audits, and legal due diligence. His impressive client roster includes major corporations such as GlaxoSmithKline Pharma Ltd., Reliance Retail Ltd., and Jio Financial Services Ltd. et al. He has been teaching at prestigious institutions like NMIMS, Vidyalankar, and S.P. Jains, covering subjects such as Contract Laws, Corporate Governance, Legal Aspects of Business, and Ethics. He also conducts Management Development Programs for various corporates. His academic contributions extend to research papers on strategic management, India's security challenges, and economic policies. He also serves as Emeritus Resource Faculty at Raksha Shakti University. He has actively contributed to policy discussions, including a review of the Data Protection Bill. He' s diverse experience in professional practice and academia, combined with
his research contributions and policy engagements, establish him as a well-rounded expert in his field. Aankondiging • Jul 19
CyberTech Systems and Software Limited Appoints Haresh Desai as Independent Director CyberTech Systems and Software Limited announced the appointment of Mr. Haresh Desai as Independent Director. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹201, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 39x in the IT industry in India. Total returns to shareholders of 7.5% over the past three years. Aankondiging • Jul 16
CyberTech Systems and Software Limited to Report Q1, 2025 Results on Jul 24, 2024 CyberTech Systems and Software Limited announced that they will report Q1, 2025 results on Jul 24, 2024 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹181, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 36x in the IT industry in India. Total returns to shareholders of 18% over the past three years. Recent Insider Transactions • Jun 22
Senior VP & Director of Delivery recently sold ₹1.6m worth of stock On the 19th of June, Ambadas Bhore sold around 10k shares on-market at roughly ₹156 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.7m. Insiders have been net sellers, collectively disposing of ₹17m more than they bought in the last 12 months. Recent Insider Transactions • Jun 04
Founder recently bought ₹453k worth of stock On the 27th of May, Viswanath Tadimety bought around 3k shares on-market at roughly ₹151 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Viswanath's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Jun 04
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to ₹137. The fair value is estimated to be ₹180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has declined by 6.1%. Reported Earnings • May 02
Full year 2024 earnings released: EPS: ₹7.77 (vs ₹7.64 in FY 2023) Full year 2024 results: EPS: ₹7.77 (up from ₹7.64 in FY 2023). Revenue: ₹2.36b (up 34% from FY 2023). Net income: ₹227.4m (up 4.8% from FY 2023). Profit margin: 9.6% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • May 01
CyberTech Systems and Software Limited Recommends Dividend for the Financial Year 2023-24 Board of Directors of CyberTech Systems and Software Limited at their meeting held on April 30, 2024, approved recommendation of dividend of INR 2/- per equity share of INR 10 each for the financial year 2023-24, subject To Approve the shareholders at the ensuing Annual General Meeting of the Company. The Book closure/Record date shall be intimated in the due course of time. Aankondiging • Apr 21
CyberTech Systems and Software Limited to Report Q4, 2024 Results on Apr 30, 2024 CyberTech Systems and Software Limited announced that they will report Q4, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹165, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 35x in the IT industry in India. Total returns to shareholders of 28% over the past three years. Recent Insider Transactions • Feb 19
Senior VP & Director of Delivery recently sold ₹1.7m worth of stock On the 12th of February, Ambadas Bhore sold around 10k shares on-market at roughly ₹169 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹3.4m. Insiders have been net sellers, collectively disposing of ₹15m more than they bought in the last 12 months. Recent Insider Transactions • Feb 02
Senior VP & Director of Delivery recently sold ₹1.8m worth of stock On the 29th of January, Ambadas Bhore sold around 10k shares on-market at roughly ₹181 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹3.4m. Insiders have been net sellers, collectively disposing of ₹13m more than they bought in the last 12 months. New Risk • Jan 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.4% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (9.4% net profit margin). Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Significant insider selling over the past 3 months (₹8.8m sold). Market cap is less than US$100m (₹6.14b market cap, or US$73.9m). Aankondiging • Jan 16
CyberTech Systems and Software Limited to Report Q3, 2024 Results on Jan 24, 2024 CyberTech Systems and Software Limited announced that they will report Q3, 2024 results on Jan 24, 2024 Recent Insider Transactions • Jan 02
Senior VP & Director of Delivery recently sold ₹1.9m worth of stock On the 27th of December, Ambadas Bhore sold around 10k shares on-market at roughly ₹194 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹3.4m. Insiders have been net sellers, collectively disposing of ₹11m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹200, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 42x in the IT industry in India. Total returns to shareholders of 25% over the past three years. New Risk • Dec 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.4% 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 Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Significant insider selling over the past 3 months (₹4.9m sold). Market cap is less than US$100m (₹5.49b market cap, or US$65.9m). Aankondiging • Dec 14
CyberTech Systems and Software Limited announced that it has received INR 402.7725 million in funding from Red Banyan Holdings LLC, Indotech Holdings LLC CyberTech Systems and Software Limited announced a private placement of 26,32,500 equity shares having a face value of INR 10 each at an issue price of INR 153 per share for the gross proceeds of INR 402,772,500 on a preferential basis on December 12, 2023. The transaction included participation from new investor Red Banyan Holdings LLC for 10,85,000 shares for INR 16,60,05,000 and returning investor Indotech Holdings LLC for 15,47,500 shares for INR 23,67,67,500. The transaction has been approved by the shareholders of the company. The share capital of the company stands increased from INR 28,47,30,930 to INR 31,10,55,930. New Risk • Nov 30
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹4.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Significant insider selling over the past 3 months (₹4.9m sold). Market cap is less than US$100m (₹4.92b market cap, or US$59.0m). Recent Insider Transactions • Nov 27
Executive Director recently sold ₹3.4m worth of stock On the 22nd of November, Ramasubramanian Sankaran sold around 20k shares on-market at roughly ₹169 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹6.9m more than they bought in the last 12 months. Recent Insider Transactions • Nov 24
Insider recently sold ₹768k worth of stock On the 16th of November, Anirban Biswas sold around 5k shares on-market at roughly ₹154 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹3.5m more than they bought in the last 12 months. New Risk • Nov 23
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 Indian stocks, typically moving 8.9% 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 Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Market cap is less than US$100m (₹4.78b market cap, or US$57.4m). Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹168, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 37x in the IT industry in India. Total returns to shareholders of 128% over the past three years. Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: ₹1.70 (vs ₹1.84 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.70 (down from ₹1.84 in 2Q 2023). Revenue: ₹583.5m (up 43% from 2Q 2023). Net income: ₹48.5m (down 7.1% from 2Q 2023). Profit margin: 8.3% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. New Risk • Oct 23
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 Indian 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: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (₹3.95b market cap, or US$47.5m). Aankondiging • Oct 19
CyberTech Systems and Software Limited to Report Q2, 2024 Results on Oct 27, 2023 CyberTech Systems and Software Limited announced that they will report Q2, 2024 results on Oct 27, 2023 Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹155, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 38x in the IT industry in India. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹145, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 37x in the IT industry in India. Total returns to shareholders of 147% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹2.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.6%. Within top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (1.8%). Aankondiging • Sep 07
CyberTech Systems and Software Limited, Annual General Meeting, Sep 29, 2023 CyberTech Systems and Software Limited, Annual General Meeting, Sep 29, 2023, at 16:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the reports of the Board of Directors and Auditors thereon; to consider the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the report of Auditors thereon; to consider dividend; to consider directorate reelections; and to consider other matters. New Risk • Jul 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (₹3.68b market cap, or US$44.7m). Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: ₹1.87 (vs ₹1.96 in 1Q 2023) First quarter 2024 results: EPS: ₹1.87 (down from ₹1.96 in 1Q 2023). Revenue: ₹580.7m (up 51% from 1Q 2023). Net income: ₹53.3m (down 3.9% from 1Q 2023). Profit margin: 9.2% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.