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Integrated Capital Services

BSE:539149
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
539149
BSE
₹36M
Market Cap
  1. Home
  2. IN
  3. Commercial Services
Company description

Integrated Capital Services Limited, together with its subsidiaries, provides advisory services for the management of assets in India. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • Integrated Capital Services has significant price volatility in the past 3 months.
539149 Share Price and Events
7 Day Returns
-4.8%
BSE:539149
-0.9%
IN Professional Services
-1%
IN Market
1 Year Returns
-74.2%
BSE:539149
-5%
IN Professional Services
-1.6%
IN Market
539149 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Integrated Capital Services (539149) -4.8% -31% -67.7% -74.2% -31% -
IN Professional Services -0.9% 3% 3.4% -5% 200.4% 10.6%
IN Market -1% 3% 6.2% -1.6% 39% 73%
1 Year Return vs Industry and Market
  • 539149 underperformed the Professional Services industry which returned -5% over the past year.
  • 539149 underperformed the Market in India which returned -1.6% over the past year.
Price Volatility
539149
Industry
5yr Volatility vs Market

539149 Value

 Is Integrated Capital Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Integrated Capital Services. This is due to cash flow or dividend data being unavailable. The share price is ₹1.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Integrated Capital Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Integrated Capital Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:539149 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹-1.13
BSE:539149 Share Price ** BSE (2019-04-23) in INR ₹1
India Professional Services Industry PE Ratio Median Figure of 16 Publicly-Listed Professional Services Companies 13.85x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Integrated Capital Services.

BSE:539149 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:539149 Share Price ÷ EPS (both in INR)

= 1 ÷ -1.13

-0.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Integrated Capital Services is loss making, we can't compare its value to the IN Professional Services industry average.
  • Integrated Capital Services is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Integrated Capital Services's expected growth come at a high price?
Raw Data
BSE:539149 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
55.1%per year
Asia Professional Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Professional Services Companies 1.71x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Integrated Capital Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Integrated Capital Services's assets?
Raw Data
BSE:539149 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹2.91
BSE:539149 Share Price * BSE (2019-04-23) in INR ₹1
India Professional Services Industry PB Ratio Median Figure of 22 Publicly-Listed Professional Services Companies 1.18x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
BSE:539149 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:539149 Share Price ÷ Book Value per Share (both in INR)

= 1 ÷ 2.91

0.34x

* Primary Listing of Integrated Capital Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Integrated Capital Services is good value based on assets compared to the IN Professional Services industry average.
X
Value checks
We assess Integrated Capital Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Integrated Capital Services has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

539149 Future Performance

 How is Integrated Capital Services expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Integrated Capital Services, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
55.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Integrated Capital Services expected to grow at an attractive rate?
  • Integrated Capital Services's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Integrated Capital Services's earnings growth is expected to exceed the India market average.
  • Unable to compare Integrated Capital Services's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:539149 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:539149 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 55.1%
India Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 20.6%
Asia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 16.2%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:539149 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:539149 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 16 -40
2018-12-31 19 -15
2018-09-30 24 -7
2018-06-30 25 3
2018-03-31 25 3 5
2017-12-31 26 24
2017-09-30 27 19
2017-06-30 25 16
2017-03-31 26 15 25
2016-12-31 23 11
2016-09-30 20 8
2016-06-30 21 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Integrated Capital Services's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Integrated Capital Services is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:539149 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Integrated Capital Services Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539149 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 -1.13
2018-12-31 -0.41
2018-09-30 -0.20
2018-06-30 0.08
2018-03-31 0.14
2017-12-31 0.65
2017-09-30 0.53
2017-06-30 0.46
2017-03-31 0.70
2016-12-31 0.31
2016-09-30 0.22
2016-06-30 0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Integrated Capital Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Integrated Capital Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Integrated Capital Services has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

539149 Past Performance

  How has Integrated Capital Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Integrated Capital Services's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Integrated Capital Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Integrated Capital Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Integrated Capital Services's 1-year growth to the IN Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
Integrated Capital Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Integrated Capital Services Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539149 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 15.77 -40.30
2018-12-31 19.34 -14.53 2.00
2018-09-30 24.32 -7.45 2.24
2018-06-30 24.84 3.07 2.95
2018-03-31 24.77 5.05 3.03
2017-12-31 26.22 23.73 5.20
2017-09-30 26.92 19.21 3.53
2017-06-30 24.82 15.99 1.49
2017-03-31 25.55 25.17 4.18
2016-12-31 22.94 10.98 2.06
2016-09-30 20.27 8.16 2.06
2016-06-30 21.29 5.70 2.06
2016-03-31 20.27 5.96 2.06
2015-12-31 22.09 5.41 9.83
2015-09-30 21.22 4.93 9.83
2015-06-30 21.86 4.80 9.83
2015-03-31 22.96 5.92 5.22
2014-03-31 18.45 8.81 9.36
2013-03-31 14.87 3.69 6.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Integrated Capital Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Integrated Capital Services has efficiently used its assets last year compared to the IN Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Integrated Capital Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Integrated Capital Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Integrated Capital Services has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

539149 Health

 How is Integrated Capital Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Integrated Capital Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Integrated Capital Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Integrated Capital Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Integrated Capital Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Integrated Capital Services Company Filings, last reported 3 weeks ago.

BSE:539149 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31
2018-12-31 99.50 46.62 1.69
2018-09-30 99.50 46.62 1.69
2018-06-30 101.36 45.40 5.02
2018-03-31 101.36 45.40 5.02
2017-12-31
2017-09-30
2017-06-30 122.23 22.80 5.94
2017-03-31 98.04 46.27 5.94
2016-12-31 118.65 21.52 3.92
2016-09-30 118.65 21.52 3.92
2016-06-30 116.52 21.22 0.26
2016-03-31 116.52 21.22 0.26
2015-12-31 114.49 5.15 31.19
2015-09-30 114.49 5.15 31.19
2015-06-30 113.56 5.66 16.49
2015-03-31 113.56 5.66 16.49
2014-03-31 118.14 5.35 8.06
2013-03-31 121.83 0.16 4.56
  • Integrated Capital Services's level of debt (46.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.4% vs 46.9% today).
  • Debt is not well covered by operating cash flow (7%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Integrated Capital Services's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Integrated Capital Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Integrated Capital Services has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

539149 Dividends

 What is Integrated Capital Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Integrated Capital Services dividends.
If you bought ₹2,000 of Integrated Capital Services shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Integrated Capital Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Integrated Capital Services's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:539149 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Integrated Capital Services has not reported any payouts.
  • Unable to verify if Integrated Capital Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Integrated Capital Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Integrated Capital Services has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Integrated Capital Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Integrated Capital Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Integrated Capital Services has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

539149 Management

 What is the CEO of Integrated Capital Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Integrated Capital Services has no CEO, or we have no data on them.
Management Team

Shivani Arora

TITLE
Company Secretary
COMPENSATION
₹720K
TENURE
1.8 yrs

Vivek Jain

TITLE
Chief Financial Officer

Lakshay Prakash

TITLE
Assistant Company Secretary & Compliance Officer
TENURE
0.2 yrs
Board of Directors

Brijinder Deora

TITLE
Chairman
AGE
85

Sandeep Chandra

TITLE
Independent Non-Executive Director
COMPENSATION
₹60K
AGE
56

Suresh Kapur

TITLE
Independent Non-Executive Director
COMPENSATION
₹30K
AGE
79

Sajeve Deora

TITLE
Non-Executive Director
AGE
59
TENURE
2 yrs

Alka Jain

TITLE
Independent Non-Executive Director
COMPENSATION
₹60K
AGE
55
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Integrated Capital Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Integrated Capital Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

539149 News

Simply Wall St News

539149 Company Info

Description

Integrated Capital Services Limited, together with its subsidiaries, provides advisory services for the management of assets in India. The company offers its corporate advisory and consulting services in the areas of turnaround and restructuring, business combinations, takeovers, mergers and amalgamations, and accounting services. It also provides advisory, compliance, and representation services to on-going/new businesses; business consolidation/restructuring services; and advisory, setting-up, and implementing accounting systems, as well as accounting services on an outsourced basis. The company was incorporated in 1993 and is based in New Delhi, India. Integrated Capital Services Limited is a subsidiary of Deora Associates Private Limited.

Details
Name: Integrated Capital Services Limited
539149
Exchange: BSE
Founded: 1993
₹35,584,000
35,584,000
Website: http://www.raas.co.in
Address: Integrated Capital Services Limited
606 New Delhi House,
Barakhamba Road,
New Delhi,
Delhi, 110001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 539149 Equity Shares Mumbai Stock Exchange IN INR 25. May 2015
Number of employees
Current staff
Staff numbers
0
Integrated Capital Services employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 13:51
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/04/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.