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Provestment Services

BSE:540703
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540703
BSE
₹32M
Market Cap
  1. Home
  2. IN
  3. Commercial Services
Company description

Provestment Services Limited engages in the air ticketing and tour operator businesses; and provision of professional services to corporate entities worldwide. The last earnings update was 63 days ago. More info.


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540703 Share Price and Events
7 Day Returns
0%
BSE:540703
2.8%
IN Professional Services
1.2%
IN Market
1 Year Returns
-44.4%
BSE:540703
4.9%
IN Professional Services
-0%
IN Market
540703 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Provestment Services (540703) 0% 5.2% 16% -44.4% -27.8% -16.7%
IN Professional Services 2.8% 1.7% 2.4% 4.9% 230.6% 6.6%
IN Market 1.2% 2.8% 5.7% -0% 41.8% 73.7%
1 Year Return vs Industry and Market
  • 540703 underperformed the Professional Services industry which returned 4.9% over the past year.
  • 540703 underperformed the Market in India which returned -0% over the past year.
Price Volatility
540703
Industry
5yr Volatility vs Market

540703 Value

 Is Provestment 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
Here we compare the current share price of Provestment Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Provestment Services.

BSE:540703 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 21.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:540703
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.866 (1 + (1- 35%) (199.05%))
1.661
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.66
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.661 * 8.6%)
21.83%

Discounted Cash Flow Calculation for BSE:540703 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Provestment Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:540703 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 21.83%)
2019 2.61 Est @ 13.59% 2.15
2020 2.92 Est @ 11.78% 1.97
2021 3.23 Est @ 10.51% 1.79
2022 3.54 Est @ 9.62% 1.61
2023 3.86 Est @ 9% 1.44
2024 4.19 Est @ 8.56% 1.28
2025 4.53 Est @ 8.26% 1.14
2026 4.90 Est @ 8.05% 1.01
2027 5.29 Est @ 7.9% 0.89
2028 5.70 Est @ 7.79% 0.79
Present value of next 10 years cash flows ₹14.05
BSE:540703 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹5.70 × (1 + 7.55%) ÷ (21.83% – 7.55%)
₹42.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹42.90 ÷ (1 + 21.83%)10
₹5.95
BSE:540703 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹14.05 + ₹5.95
₹20.01
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹20.01 / 5.10
₹3.92
BSE:540703 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹3.92
Current discount Discount to share price of ₹6.25
= -1 x (₹6.25 - ₹3.92) / ₹3.92
-59.4%

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

  • The current share price of Provestment Services is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Provestment Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Provestment Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540703 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹1.83
BSE:540703 Share Price ** BSE (2019-04-04) in INR ₹6.25
India Professional Services Industry PE Ratio Median Figure of 16 Publicly-Listed Professional Services Companies 14.31x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

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

** Primary Listing of Provestment Services.

BSE:540703 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540703 Share Price ÷ EPS (both in INR)

= 6.25 ÷ 1.83

3.42x

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

  • Provestment Services is good value based on earnings compared to the IN Professional Services industry average.
  • Provestment Services is good value based on earnings compared to the India market.
Price based on expected Growth
Does Provestment Services's expected growth come at a high price?
Raw Data
BSE:540703 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.2%per year
Asia Professional Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Professional Services Companies 1.72x
India Market PEG Ratio Median Figure of 585 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 Provestment Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Provestment Services's assets?
Raw Data
BSE:540703 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹22.60
BSE:540703 Share Price * BSE (2019-04-04) in INR ₹6.25
India Professional Services Industry PB Ratio Median Figure of 22 Publicly-Listed Professional Services Companies 1.13x
India Market PB Ratio Median Figure of 3,625 Publicly-Listed Companies 1.12x
BSE:540703 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540703 Share Price ÷ Book Value per Share (both in INR)

= 6.25 ÷ 22.60

0.28x

* Primary Listing of Provestment Services.

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

  • Provestment Services is good value based on assets compared to the IN Professional Services industry average.
X
Value checks
We assess Provestment 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. Provestment Services has a total score of 3/6, 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.

540703 Future Performance

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

  • No analysts cover Provestment 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
14.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Provestment Services expected to grow at an attractive rate?
  • Provestment Services's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Provestment Services's earnings growth is positive but not above the India market average.
  • Unable to compare Provestment Services's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:540703 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540703 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.2%
India Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 20.5%
Asia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 16.2%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*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:540703 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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:540703 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,220 9
2018-09-30 1,210 8
2018-06-30 1,126 8
2018-03-31 1,118 14 8
2017-12-31 1,075 5
2017-09-30 984 7
2017-06-30 927 11
2017-03-31 785 -25 11
2016-12-31 705 11
2016-09-30 700 12
2016-06-30 711 7
2016-03-31 743 3 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Provestment Services's earnings are expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Provestment 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:540703 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

BSE:540703 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 1.83
2018-09-30 1.48
2018-06-30 1.66
2018-03-31 1.61
2017-12-31 1.07
2017-09-30 1.29
2017-06-30 2.20
2017-03-31 2.20
2016-12-31
2016-09-30 2.30
2016-06-30
2016-03-31 1.40

*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 Provestment Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Provestment 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.
Provestment Services has a total score of 1/6, 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.

540703 Past Performance

  How has Provestment 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 Provestment 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.
  • Provestment Services's year on year earnings growth rate has been positive over the past 5 years.
  • Provestment Services's 1-year earnings growth exceeds its 5-year average (72.4% vs 12.6%)
  • Provestment Services's earnings growth has exceeded the IN Professional Services industry average in the past year (72.4% vs 15%).
Earnings and Revenue History
Provestment 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 Provestment Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540703 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,220.33 9.42 0.28
2018-09-30 1,209.70 7.63 0.28
2018-06-30 1,126.16 8.36
2018-03-31 1,117.58 8.22 0.28
2017-12-31 1,075.05 5.46 0.96
2017-09-30 983.97 6.59 0.96
2017-06-30 927.01 11.17 0.96
2017-03-31 784.60 11.24 0.96
2016-12-31 704.60 10.92 0.61
2016-09-30 699.70 11.71 0.61
2016-06-30 710.81 6.99
2016-03-31 742.84 7.12 0.19
2015-12-31 759.73 5.82 5.21
2015-06-30 799.52 5.12 5.21
2015-03-31 834.55 4.95 1.18
2014-06-30 900.72 4.12 5.52
2014-03-31 825.94 4.59 5.52
2013-06-30 477.26 4.61 4.43
2013-03-31 402.68 4.15 4.43
2012-12-31 373.78 1.05 4.66
2012-09-30 387.42 0.69 4.66
2012-06-30 406.55 0.87

*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.
  • Provestment Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Provestment Services used its assets less efficiently than the IN Professional Services industry average last year based on Return on Assets.
  • Provestment Services has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Provestment 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.
Provestment Services has a total score of 4/6, 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.

540703 Health

 How is Provestment 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 Provestment Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Provestment Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Provestment Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Provestment 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.7x 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 Provestment Services Company Filings, last reported 3 months ago.

BSE:540703 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 124.89 63.49 13.17
2018-09-30 124.89 63.49 13.17
2018-06-30 123.85 16.28 19.37
2018-03-31 123.85 16.81 19.37
2017-12-31
2017-09-30
2017-06-30 115.13 30.01 14.51
2017-03-31 115.13 30.01 9.83
2016-12-31 110.16 44.34 10.38
2016-09-30 110.16 44.34 10.38
2016-06-30
2016-03-31 103.89 47.55 16.07
2015-12-31
2015-06-30
2015-03-31 96.77 31.48 18.80
2014-06-30
2014-03-31 94.24 103.10 21.55
2013-06-30
2013-03-31 89.64 79.57 16.32
2012-12-31
2012-09-30
2012-06-30
  • Provestment Services's level of debt (50.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (104.6% vs 50.8% today).
  • Debt is well covered by operating cash flow (22.5%, greater than 20% of total debt).
  • Provestment Services earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Provestment 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. Provestment Services has a total score of 5/6, 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.

540703 Dividends

 What is Provestment 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 Provestment Services dividends.
If you bought ₹2,000 of Provestment 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 Provestment Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Provestment 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:540703 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 1.3%
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 Provestment Services has not reported any payouts.
  • Unable to verify if Provestment Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Provestment Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Provestment 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 Provestment 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 Provestment Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Provestment 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.

540703 Management

 What is the CEO of Provestment 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.
CEO
Praveen Bhatia
COMPENSATION ₹0
CEO Bio

Mr. Praveen Bhatia serves as Chairman of Provestment Services Ltd. and has been its Whole Time Director since August 2, 2011. Mr. Bhatia served as Director of Provestment Services Ltd.

CEO Compensation
  • Praveen's compensation has been consistent with company performance over the past year.
  • Praveen's remuneration is lower than average for companies of similar size in India.
Management Team

Praveen Bhatia

TITLE
Chairman

Deepika Rajput

TITLE
Compliance Officer & Company Secretary

Lal Tripathi

TITLE
Additional Director

Vinod Ralhan

TITLE
Non Executive Director
AGE
57

Vijay Kumar

TITLE
Chief Financial Officer
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure of the Provestment Services board of directors in years:

3.3
Average Tenure
  • The tenure for the Provestment Services board of directors is about average.
Board of Directors

Praveen Bhatia

TITLE
Chairman

Lal Tripathi

TITLE
Additional Director
TENURE
1.5 yrs

Vinod Ralhan

TITLE
Non Executive Director
AGE
57
TENURE
24.3 yrs

Anil Lakhani

TITLE
Non Executive Independent Director

Anjali Khurana

TITLE
Non Executive Director
TENURE
5.2 yrs

Nesar Ahmad

TITLE
Non-Executive Independent Director
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Provestment Services insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
29. Mar 19 Buy Praveen Bhatia Individual 19. Mar 19 19. Mar 19 5,000 ₹6.15 ₹30,750
X
Management checks
We assess Provestment 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. Provestment 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.

540703 News

Simply Wall St News

540703 Company Info

Description

Provestment Services Limited engages in the air ticketing and tour operator businesses; and provision of professional services to corporate entities worldwide. The company provides corporate consulting services, such as project advisory services, private equity funding, loan syndication, management advisory services, foreign collaboration and technology transfer, NRI consultancy portfolio management, audit and assurance, taxation services, accounting services, and corporate law matters. It also offers travel services, including business travel, visa services, packaging exhibitions, corporate tour packages, and leisure travel; and operates ProYatra.com. In addition, the company provides foreign exchange services comprising full-fledged money changer, forex education, and money transfer services. Provestment Services Limited was founded in 1994 and is based in New Delhi, India.

Details
Name: Provestment Services Limited
540703
Exchange: BSE
Founded: 1994
₹31,893,750
5,103,000
Website: http://www.provestment.net
Address: Provestment Services Limited
B-4/148 C, Safdarjung Enclave,
New Delhi,
Delhi, 110029,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540703 Equity Shares Mumbai Stock Exchange IN INR 10. Jun 2011
Number of employees
Current staff
Staff numbers
0
Provestment Services employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 13:00
End of day share price update: 2019/04/04 00:00
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.