BSE:538713

Stock Analysis Report

Executive Summary

Atishay Limited engages in the information technology (IT), data base management, e-governance, and hospitality businesses in India.


Snowflake Analysis

Adequate balance sheet with questionable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 538713's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-25.1%

538713

-1.7%

IN IT

-1.2%

IN Market


1 Year Return

-34.8%

538713

4.0%

IN IT

6.4%

IN Market

Return vs Industry: 538713 underperformed the Indian IT industry which returned 4% over the past year.

Return vs Market: 538713 underperformed the Indian Market which returned 6.4% over the past year.


Shareholder returns

538713IndustryMarket
7 Day-25.1%-1.7%-1.2%
30 Day-27.8%-0.4%-3.6%
90 Day-29.9%7.4%-0.5%
1 Year-34.0%-34.8%6.7%4.0%8.4%6.4%
3 Year-40.4%-41.6%69.3%59.4%20.9%14.3%
5 Year87.2%81.2%50.5%36.7%29.8%18.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

14.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 538713 (₹45) is trading above our estimate of fair value (₹7.61)

Significantly Below Fair Value: 538713 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 538713 is poor value based on its PE Ratio (15.9x) compared to the IT industry average (10.9x).

PE vs Market: 538713 is poor value based on its PE Ratio (15.9x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 538713's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 538713 is overvalued based on its PB Ratio (1.5x) compared to the IN IT industry average (0.9x).


Next Steps

Future Growth

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

9.3%

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 Atishay 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 Atishay performed over the past 5 years?

6.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 538713 has high quality earnings.

Growing Profit Margin: 538713's current net profit margins (13.4%) are lower than last year (17.4%).


Past Earnings Growth Analysis

Earnings Trend: 538713's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: 538713's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 538713 had negative earnings growth (-33.6%) over the past year, making it difficult to compare to the IT industry average (7.2%).


Return on Equity

High ROE: 538713's Return on Equity (9.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Atishay's financial position?


Financial Position Analysis

Short Term Liabilities: 538713's short term assets (₹148.3M) exceed its short term liabilities (₹62.9M).

Long Term Liabilities: 538713's short term assets (₹148.3M) exceed its long term liabilities (₹16.3M).


Debt to Equity History and Analysis

Debt Level: 538713's debt to equity ratio (11.4%) is considered satisfactory.

Reducing Debt: 538713's debt to equity ratio has increased from 8.3% to 11.4% over the past 5 years.

Debt Coverage: 538713's debt is not well covered by operating cash flow (7.9%).

Interest Coverage: 538713's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet

Inventory Level: 538713 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 538713's debt is covered by short term assets (assets are 3.9x debt).


Next Steps

Dividend

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

1.48%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%0.6%markettop25%2.6%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 538713's dividend (1.33%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 538713's dividend (1.33%) is low compared to the top 25% of dividend payers in the Indian market (2.61%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 538713 has been paying a dividend for less than 10 years.

Growing Dividend: 538713 has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.2%), 538713's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.7yrs

Average board tenure


CEO

Akhilesh Jain (58yo)

₹2,100,000

Compensation

Mr. Akhilesh Jain serves as the Chairman and Managing Director at Atishay Infotech Limited and also has been its Director since March 30, 2000. Mr. Jain is responsible for of the financial policies and leg ...


CEO Compensation Analysis

Compensation vs Market: Akhilesh's total compensation ($USD29.13K) is below average for companies of similar size in the Indian market ($USD50.06K).

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


Board Members

NamePositionTenureCompensationOwnership
Akhilesh Jain
Chairperson & MD0yrs₹2.10m32.43% 160.3m
Archit Jain
Whole-Time Director7yrs₹1.20m13.88% 68.6m
Rekha Jain
Non Executive Director19.9yrs₹30.00k13.99% 69.2m
Arvind Lowlekar
Non-Executive & Independent Director5.7yrs₹52.50kno data
Poonam Issrani Agrawal
Non-Executive & Independent Director5.4yrs₹32.50kno data
Ajay Mujumdar
Non-Executive & Independent Director3.3yrs₹50.00k0.015% 75.0k

5.7yrs

Average Tenure

52yo

Average Age

Experienced Board: 538713's board of directors are considered experienced (5.7 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

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


Key Information

  • Name: Atishay Limited
  • Ticker: 538713
  • Exchange: BSE
  • Founded: 2000
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: ₹494.160m
  • Shares outstanding: 10.98m
  • Website: https://www.atishay.com

Number of Employees


Location

  • Atishay Limited
  • Plot No. 36, Zone-1
  • Maharana Pratap Nagar
  • Bhopal
  • Madhya Pradesh
  • 462011
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
538713BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2014

Biography

Atishay Limited engages in the information technology (IT), data base management, e-governance, and hospitality businesses in India. It operates through E – Governance, Retail & Others, and Hospitality segments. The company offers e-governance services, including processing of data in data centers and transliterating the electoral rolls in Urdu language; and end-to-end IT solutions to its customers, as well as electoral rolls and electors photo identity cards preparation services, and Aadhaar enrolment and related services. It also operates Atishay Online, an online self-service portal, which provides online mobile recharge, DTH recharge, bill payment, utility bill payment, domestic money transfer, and hotel booking services. In addition, the company operates E-Mitra, a portal that offers approximately 300 government and private services to citizens, including applications for driving licenses and pan cards, and water bills, as well as device supply and related services. Further, it provides systems integration services comprising customized turnkey solutions in hardware, software, and networking; and develops Maxidoo, a cloud-based hotel enterprise resource planning software, which enables hotels to handle its internal operations on a single platform. The company was formerly known as Atishay Infotech Limited and changed its name to Atishay Limited in January 2016. Atishay Limited was founded in 2000 and is headquartered in Bhopal, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 13:15
End of Day Share Price2020/02/26 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.