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Covidh Technologies

BSE:534920
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
534920
BSE
₹6M
Market Cap
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Last updated 2019/04/23 12:56
Company description

Covidh Technologies Limited provides information and communication technology solutions in India. The last earnings update was 232 days ago. More info.

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  • Covidh Technologies has significant price volatility in the past 3 months.
534920 Share Price and Events
7 Day Returns
3.5%
BSE:534920
-1%
IN Software
-1.2%
IN Market
1 Year Returns
-57.2%
BSE:534920
-19.4%
IN Software
-2.5%
IN Market
534920 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Covidh Technologies (534920) 3.5% 3.5% -36.6% -57.2% -90% -98.4%
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
  • 534920 underperformed the Software industry which returned -19.4% over the past year.
  • 534920 underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
534920
Industry
5yr Volatility vs Market

534920 Value

 Is Covidh 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 Covidh Technologies. This is due to cash flow or dividend data being unavailable. The share price is ₹0.59.
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 Covidh Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Covidh Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:534920 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹0.01
BSE:534920 Share Price ** BSE (2019-04-23) in INR ₹0.59
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 Covidh Technologies.

BSE:534920 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:534920 Share Price ÷ EPS (both in INR)

= 0.59 ÷ 0.01

 59x

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

  • Covidh Technologies is overvalued based on earnings compared to the IN Software industry average.
  • Covidh Technologies is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Covidh Technologies's expected growth come at a high price?
Raw Data
BSE:534920 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 35.7%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 Covidh Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Covidh Technologies's assets?
Raw Data
BSE:534920 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹0.51
BSE:534920 Share Price * BSE (2019-04-23) in INR ₹0.59
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:534920 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:534920 Share Price ÷ Book Value per Share (both in INR)

= 0.59 ÷ 0.51

 1.17x

* Primary Listing of Covidh Technologies.

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

  • Covidh Technologies is good value based on assets compared to the IN Software industry average.
X
Value checks
We assess Covidh 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. Covidh 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.

534920 Future Performance

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

  • No analysts cover Covidh 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
35.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Covidh Technologies expected to grow at an attractive rate?
  • Covidh Technologies's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Covidh Technologies's earnings growth is expected to exceed the India market average.
  • Unable to compare Covidh Technologies's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:534920 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:534920 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 35.7%
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:534920 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:534920 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 336 -7 0
2017-03-31 241 -10 0
2016-03-31 255 8 -134
2015-12-31 203 -66
2015-09-30 167 3
2015-06-30 125 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Covidh Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Covidh 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:534920 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 Covidh Technologies Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:534920 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 0.01
2017-03-31 -0.03
2016-03-31 -12.66
2015-12-31 -6.48
2015-09-30 0.23
2015-06-30 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 Covidh Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Show me more growth companies in the Software industry
X
Future performance checks
We assess Covidh 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.
Covidh 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.

534920 Past Performance

  How has Covidh Technologies performed over the past 5 years?

  • Covidh Technologies's last earnings update was 232 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 Covidh 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 Covidh Technologies's year on year earnings growth rate was positive over the past 5 years.
  • Covidh Technologies has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Covidh Technologies has become profitable in the last year making it difficult to compare the IN Software industry average.
Earnings and Revenue History
Covidh 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 Covidh Technologies Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:534920 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 335.74 0.08 1.39
2017-03-31 241.31 -0.35 5.62
2016-03-31 254.96 -134.19 6.34
2015-12-31 203.26 -65.64 6.00
2015-09-30 167.34 2.57 7.87
2015-06-30 125.08 1.67 6.53
2015-03-31 110.64 1.29 5.68
2014-12-31 91.36 -14.65 -11.59
2014-09-30 138.14 -10.19 -7.82
2014-06-30 237.60 -3.11 -13.15
2014-03-31 358.92 1.06 12.47
2013-12-31 502.16 29.98 36.69
2013-09-30 490.88 30.55 32.99
2013-06-30 390.43 23.82 13.16
2013-03-31 259.21 19.30 12.44
2012-12-31 128.21 5.89 2.15
2012-09-30 70.37 0.76 2.15
2012-06-30 67.23 0.77

*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.
  • Covidh Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Covidh Technologies used its assets less efficiently than the IN Software industry average last year based on Return on Assets.
  • Covidh Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Covidh 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.
Covidh Technologies has a total score of 1/6, 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.

534920 Health

 How is Covidh 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 Covidh Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Covidh Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Covidh Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Covidh 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2x 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 Covidh Technologies Company Filings, last reported 1 year ago.

BSE:534920 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 5.36 95.07 22.55
2017-03-31 5.28 87.03 28.00
2016-03-31 5.53 75.09 21.71
2015-12-31 5.53 75.09 21.71
2015-09-30 141.39 66.05 0.73
2015-06-30 139.72 63.32 0.49
2015-03-31 139.72 63.32 30.24
2014-12-31
2014-09-30
2014-06-30 138.67 62.76 0.24
2014-03-31 138.43 56.40 13.48
2013-12-31
2013-09-30
2013-06-30 137.37 23.50 0.78
2013-03-31 137.37 23.50 14.64
2012-12-31 130.36 4.26 0.25
2012-09-30
2012-06-30
  • Covidh Technologies's level of debt (1775.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.1% vs 1775.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Covidh 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. Covidh Technologies has a total score of 2/6, 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.

534920 Dividends

 What is Covidh 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 Covidh Technologies dividends.
If you bought ₹2,000 of Covidh 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 Covidh Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Covidh 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:534920 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:534920 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2015-11-16 0.000 0.000
2015-08-14 0.000 0.000
2015-05-29 0.000 0.000
2015-02-11 0.000 0.000
2014-11-14 0.000 0.000
2014-09-23 0.000 0.000
2013-10-07 0.500 2.074
2013-05-30 0.500 1.194

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

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

534920 Management

 What is the CEO of Covidh 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.
  • Covidh Technologies has no CEO, or we have no data on them.
Management Team

Uday Chava

TITLE
Executive VP & Executive Director
AGE
46
TENURE
5.2 yrs

Phaneendra Bondalapati

TITLE
Chief Financial Officer
TENURE
0.2 yrs

Sakshi Mathur

TITLE
Company Secretary & Compliance Officer

Naresh Konda

TITLE
Whole Time Director
Board of Directors Tenure

Average tenure and age of the Covidh Technologies board of directors in years:

3.8
Average Tenure
46
Average Age
  • The tenure for the Covidh Technologies board of directors is about average.
Board of Directors

Uday Chava

TITLE
Executive VP & Executive Director
AGE
46
TENURE
4.7 yrs

Naresh Konda

TITLE
Whole Time Director

Alokam Rao

TITLE
Non-Executive Director
AGE
44
TENURE
2.9 yrs

Srinivasa Munnangi

TITLE
Independent Director
AGE
48

Kirti Upadhyaya

TITLE
Independent Director
AGE
70
TENURE
6.1 yrs

Sukanya Pittala

TITLE
Independent Women Director
AGE
26
TENURE
0.9 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 Covidh 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. Covidh 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.

534920 News

Simply Wall St News

534920 Company Info

Description

Covidh Technologies Limited provides information and communication technology solutions in India. The company offers infrastructure solutions, such as system integration, design and maintenance of network protocols, and building infrastructure; Web applications, mobile applications, e-commerce solutions, offshore development services, and Web designing and SEO services; consulting and training services; and surveillance and security solutions. It also provides digitalization services, including pre-scanning and scanning, data scraping, data transformation into formatted information, and data delivery services; BPO services; and e-governance solutions comprising smart card and skill development services. The company was formerly known as Aptus Industries Limited and changed its name to Covidh Technologies Limited in April 2014. Covidh Technologies Limited was founded in 1993 and is based in Hyderabad, India.

Details
Name: Covidh Technologies Limited
534920
Exchange: BSE
Founded: 1993
₹6,042,000
10,600,000
Website: http://www.covidh.com
Address: Covidh Technologies Limited
Sai Krishna Building,
B-2, Plot 797/A,
Hyderabad,
Andhra Pradesh, 500033,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 534920 Equity Shares Mumbai Stock Exchange IN INR 06. Feb 2013
Number of employees
Current staff
Staff numbers
0
Covidh Technologies employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:56
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2018/09/03
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.

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