BSE:532379

Stock Analysis Report

Firstobject Technologies

Executive Summary

Firstobject Technologies Limited operates as an IT/ITES and e-education software development company in India.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Firstobject Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532379's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.4%

532379

9.8%

IN Software

9.3%

IN Market


1 Year Return

-86.0%

532379

-45.5%

IN Software

-24.1%

IN Market

Return vs Industry: 532379 underperformed the Indian Software industry which returned -47.4% over the past year.

Return vs Market: 532379 underperformed the Indian Market which returned -26.5% over the past year.


Shareholder returns

532379IndustryMarket
7 Day-7.4%9.8%9.3%
30 Day-47.0%-21.5%-12.6%
90 Day-54.5%-31.6%-24.1%
1 Year-86.0%-86.0%-44.6%-45.5%-22.6%-24.1%
3 Year-90.8%-90.8%-41.5%-46.5%-10.9%-15.8%
5 Year-78.1%-78.1%-33.5%-42.9%0.3%-4.9%

Price Volatility Vs. Market

How volatile is Firstobject Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Firstobject Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 532379 (₹1.51) is trading below our estimate of fair value (₹89.66)

Significantly Below Fair Value: 532379 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 532379 is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: 532379 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532379's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532379 is good value based on its PB Ratio (0.1x) compared to the IN Software industry average (0.7x).


Next Steps

Future Growth

How is Firstobject Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.4%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Firstobject Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Firstobject Technologies performed over the past 5 years?

-34.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532379 is currently unprofitable.

Growing Profit Margin: 532379 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 532379 is unprofitable, and losses have increased over the past 5 years at a rate of -34.6% per year.

Accelerating Growth: Unable to compare 532379's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 532379 is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (-4%).


Return on Equity

High ROE: 532379 has a negative Return on Equity (-20.86%), as it is currently unprofitable.


Next Steps

Financial Health

How is Firstobject Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: 532379's short term assets (₹63.5M) exceed its short term liabilities (₹7.5M).

Long Term Liabilities: 532379's short term assets (₹63.5M) exceed its long term liabilities (₹21.6M).


Debt to Equity History and Analysis

Debt Level: 532379's debt to equity ratio (2.3%) is considered satisfactory.

Reducing Debt: 532379's debt to equity ratio has reduced from 4.3% to 2.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 532379 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 532379 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Firstobject Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532379's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 532379's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 532379's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532379's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 532379 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 532379's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.5yrs

Average board tenure


CEO

Chavali Kumar (50yo)

7.42s

Tenure

₹965,000

Compensation

Mr. Chavali Sriram Kumar, M.Tech, M.B.A, LL.B, (Ph.D) has been the Managing Director of Firstobject Technologies Ltd. since November 22, 2012. Mr. Kumar served as Vice President of Product Development of N ...


CEO Compensation Analysis

Compensation vs Market: Chavali's total compensation ($USD12.70K) is below average for companies of similar size in the Indian market ($USD47.89K).

Compensation vs Earnings: Chavali's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Chavali Kumar
MD & Director7.42yrs₹965.00k5.02% 789.3k
Vivek Hebbar
Chairman12.58yrs₹5.00k1.67% 262.9k
Shailesh Pethe
Independent Non Executive Director11.58yrs₹5.00k0.24% 37.7k
N. Shiva
Independent Non-Executive Director12.5yrs₹5.00kno data
Rajan Pillai
Independent Non-Executive Director7.33yrs₹5.00kno data
Leena Vivek Hebbar
Independent Non-Executive Director5.08yrs₹5.00kno data

9.5yrs

Average Tenure

50.5yo

Average Age

Experienced Board: 532379's board of directors are considered experienced (9.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Firstobject Technologies Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Firstobject Technologies Limited
  • Ticker: 532379
  • Exchange: BSE
  • Founded: 2000
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: ₹15.708m
  • Shares outstanding: 10.40m
  • Website: https://www.firstobjectindia.com

Location

  • Firstobject Technologies Limited
  • 302, The Bureau Chambers
  • Above State Bank of Patiala
  • Mumbai
  • Maharashtra
  • 400071
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532379BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2004

Biography

Firstobject Technologies Limited operates as an IT/ITES and e-education software development company in India. It offers IT/ITES services, such as solution architecting, application development, product development, independent validation, documentation, data management, business intelligence, digital transformation, and program/project management services for banking and financial services, property and casualty insurance, and health care industries. The company also provides e-learning content for pre-school, e-school, various engineering and medical entrance examinations, management entrance examinations, bank jobs, and law entrance examinations. In addition, it offers knowledge process outsourcing services, including middle office and back office support services comprising data search programs, research report preparations, price monitoring and competitive analytics, financial contract risk management, and data reconciliation services to banks, educational institutions, and manufacturing and services companies; and business process outsourcing solutions. The company was incorporated in 2000 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/09 12:37
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.