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IKF Technologies

BSE:532414
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532414
BSE
₹116M
Market Cap
  1. Home
  2. IN
  3. Software
Company description

IKF Technologies Limited provides telecom, technology, software product, and business process outsourcing services in India and internationally. The last earnings update was 215 days ago. More info.


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532414 Share Price and Events
7 Day Returns
0%
BSE:532414
-1%
IN Software
-1.2%
IN Market
1 Year Returns
-59.7%
BSE:532414
-19.4%
IN Software
-2.5%
IN Market
532414 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IKF Technologies (532414) 0% 0% - -59.7% -67.5% -
IN Software -1% 2.9% -4.2% -19.4% -4% 27.2%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • 532414 underperformed the Software industry which returned -19.4% over the past year.
  • 532414 underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
532414
Industry
5yr Volatility vs Market

Value

 Is IKF Technologies 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 IKF Technologies. This is due to cash flow or dividend data being unavailable. The share price is ₹0.27.
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 IKF Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IKF Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532414 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹0.01
BSE:532414 Share Price ** BSE (2019-02-04) in INR ₹0.27
India Software Industry PE Ratio Median Figure of 48 Publicly-Listed Software Companies 15.91x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

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

** Primary Listing of IKF Technologies.

BSE:532414 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532414 Share Price ÷ EPS (both in INR)

= 0.27 ÷ 0.01

45.42x

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

  • IKF Technologies is overvalued based on earnings compared to the IN Software industry average.
  • IKF Technologies is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does IKF Technologies's expected growth come at a high price?
Raw Data
BSE:532414 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 45.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
41.6%per year
India Software Industry PEG Ratio Median Figure of 9 Publicly-Listed Software Companies 1.02x
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 IKF Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IKF Technologies's assets?
Raw Data
BSE:532414 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹3.21
BSE:532414 Share Price * BSE (2019-02-04) in INR ₹0.27
India Software Industry PB Ratio Median Figure of 66 Publicly-Listed Software Companies 1.2x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
BSE:532414 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532414 Share Price ÷ Book Value per Share (both in INR)

= 0.27 ÷ 3.21

0.08x

* Primary Listing of IKF Technologies.

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

  • IKF Technologies is good value based on assets compared to the IN Software industry average.
X
Value checks
We assess IKF Technologies'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. IKF Technologies 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.

Future Performance

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

  • No analysts cover IKF Technologies, 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
41.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IKF Technologies expected to grow at an attractive rate?
  • IKF Technologies's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • IKF Technologies's earnings growth is expected to exceed the India market average.
  • Unable to compare IKF Technologies's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:532414 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532414 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 41.6%
India Software Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
India Software Industry Revenue Growth Rate Market Cap Weighted Average 12%
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:532414 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year 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:532414 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 402 30 3
2017-03-31 583 83 -31
2016-03-31 810 652 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IKF Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if IKF Technologies 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:532414 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from IKF Technologies Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532414 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 0.01
2017-03-31 -0.07
2016-03-31 0.02

*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 IKF Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess IKF Technologies'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 India 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.
IKF Technologies 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.

Past Performance

  How has IKF Technologies performed over the past 5 years?

  • IKF Technologies's last earnings update was 215 days ago.
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 IKF Technologies's growth in the last year to its industry (Software).
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.
  • Insufficient data to establish if IKF Technologies's year on year earnings growth rate was positive over the past 5 years.
  • IKF Technologies has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • IKF Technologies has become profitable in the last year making it difficult to compare the IN Software industry average.
Earnings and Revenue History
IKF Technologies'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 IKF Technologies Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532414 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 402.42 2.56 18.79
2017-03-31 583.17 -31.16 37.26
2016-03-31 810.13 10.60 39.65
2015-03-31 844.58 29.16 44.66
2014-03-31 1,022.17 68.33 118.03
2013-03-31 1,398.73 168.32 114.63

*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.
  • IKF Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IKF Technologies used its assets less efficiently than the IN Software industry average last year based on Return on Assets.
  • IKF Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess IKF Technologies'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 Software 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.
IKF Technologies 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.

Health

 How is IKF Technologies'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 IKF Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IKF Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IKF Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IKF Technologies'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 covered by short term assets, assets are 12.9x 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 IKF Technologies Company Filings, last reported 1 year ago.

BSE:532414 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 1,383.12 81.09 21.22
2017-03-31 1,631.19 97.26 43.74
2016-03-31 1,470.37 84.05 49.66
2015-03-31 2,980.85 40.70 590.96
2014-03-31 3,064.89 28.31 650.87
2013-03-31 3,046.56 24.89 689.29
  • IKF Technologies's level of debt (5.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.8% vs 5.9% today).
  • Debt is well covered by operating cash flow (37.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess IKF Technologies'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. IKF Technologies has a total score of 4/6, 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.

Dividends

 What is IKF Technologies'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 IKF Technologies dividends.
If you bought ₹2,000 of IKF Technologies 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 IKF Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IKF Technologies'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:532414 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 Software Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 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.

BSE:532414 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2009-04-24 0.000 0.000

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

  • Unable to perform a dividend volatility check as IKF Technologies has not reported any payouts.
  • Unable to verify if IKF Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IKF Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IKF Technologies 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 IKF Technologies'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 IKF Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IKF Technologies 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.

Management

 What is the CEO of IKF Technologies'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
Sunil Goyal
COMPENSATION ₹1,200,000
AGE 43
CEO Bio

Mr. Sunil Kumar Goyal serves as the Chairman of IKF Technologies Ltd. and has been its Whole Time Director since May 19, 2012 and serves as its Chief Executive Officer. He served as Chief Executive Officer at IKF Technologies Ltd. since July 28, 2018. Mr. Goyal served as a Whole-Time Director of IKF Technologies from May 30, 2005 to March 30, 2010. He possesses much knowledge and expertise in field of finance. He has vast experience in E-Governance project and portfolio Management. His experience compasses areas of creation of strategic alliance, business development and strategic planning. Mr. Goyal is a Commerce Graduate.

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

Average tenure of the IKF Technologies management team in years:

6
Average Tenure
  • The average tenure for the IKF Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sunil Goyal

TITLE
Chairman & CEO
COMPENSATION
₹1M
AGE
43

Manpreet Grewal

TITLE
Chief Financial Officer
TENURE
0.2 yrs

Pranav Prakash

TITLE
President of Technologies

Rani Didwania

TITLE
Company Secretary & Compliance Officer
TENURE
0.1 yrs

Anant Saxena

TITLE
Chief Operating Officer of Bio Fuel Division
COMPENSATION
₹250K
TENURE
12.6 yrs

Chander Jalan

TITLE
Head of e-Shiksha
COMPENSATION
₹535K

Mahendra Vyas

TITLE
Head of E-Governance

Brij Tankha

TITLE
Chief Executive Officer of ITES Division and President of ITES Division
AGE
75
TENURE
11.8 yrs

R. Garg

TITLE
Chief Executive Officer of R2R Seva
Board of Directors Tenure

Average tenure of the IKF Technologies board of directors in years:

0.6
Average Tenure
  • The average tenure for the IKF Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sunil Goyal

TITLE
Chairman & CEO
COMPENSATION
₹1M
AGE
43

Rajendra Singh

TITLE
Chairman Emeritus
AGE
70
TENURE
7.7 yrs

Dipti Pandey

TITLE
Additional Women Independent Director
TENURE
0.7 yrs

Padmasree Turlapati

TITLE
Additional Independent Director
TENURE
0.5 yrs

Purchandra Rao

TITLE
Additional Independent Director
TENURE
0.5 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 IKF Technologies'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. IKF Technologies 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.

News

Simply Wall St News

Company Info

Description

IKF Technologies Limited provides telecom, technology, software product, and business process outsourcing services in India and internationally. It offers a suite of SAP ERP, NetWeaver, BI, CRM, SCM, SEM, SRM, and enterprise portal applications. The company’s Internet service provider services comprise high speed Internet access and voice over Internet protocol services. Its information technology (IT) services include Web applications, wireless and mobile applications, and software and PHP development; Web design; and quality control services, such as software quality consulting, test planning, test execution and reporting, and software development processes control. The company also offers ITES services, such as data entry and processing, application development, data warehousing, IT help desk, enterprise resource planning, medical transcription, document processing, and telecommunication services. In addition, it is involved in the production of biofuel; and provision of education services. The company was formerly known as IKF Software.com Limited and changed its name to IKF Technologies Limited in July 2001. The company was incorporated in 2000 and is based in Kolkata, India.

Details
Name: IKF Technologies Limited
532414
Exchange: BSE
Founded: 2000
₹116,256,988
430,581,440
Website: http://www.ikf-technologies.com
Address: IKF Technologies Limited
Plot No. J-1/12,
3rd Floor,
Kolkata,
West Bengal, 700091,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532414 Equity Shares Mumbai Stock Exchange IN INR 20. Apr 2005
Number of employees
Current staff
Staff numbers
0
IKF Technologies employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:32
End of day share price update: 2019/02/04 00:00
Last earnings filing: 2018/09/20
Last earnings reported: 2018/03/31
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.