NSEI:8KMILES

Stock Analysis Report

8K Miles Software Services

Executive Summary

8K Miles Software Services Limited provides information and technology services in the United States, India, the Middle East, North America, and internationally.


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has 8K Miles Software Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8KMILES has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.0%

8KMILES

6.6%

IN Software

-3.6%

IN Market


1 Year Return

-73.6%

8KMILES

-49.4%

IN Software

-32.1%

IN Market

Return vs Industry: 8KMILES underperformed the Indian Software industry which returned -49.4% over the past year.

Return vs Market: 8KMILES underperformed the Indian Market which returned -32.1% over the past year.


Shareholder returns

8KMILESIndustryMarket
7 Day-5.0%6.6%-3.6%
30 Day-18.4%-30.2%-25.1%
90 Day-15.1%-33.6%-30.2%
1 Year-73.6%-73.6%-48.5%-49.4%-30.7%-32.1%
3 Year-95.4%-95.4%-45.9%-50.5%-19.8%-24.1%
5 Year-91.2%-91.2%-37.7%-46.5%-10.4%-15.2%

Price Volatility Vs. Market

How volatile is 8K Miles Software Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is 8K Miles Software Services undervalued compared to its fair value and its price relative to the market?

0.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8KMILES's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8KMILES's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8KMILES is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: 8KMILES 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 8KMILES's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8KMILES is good value based on its PB Ratio (0.4x) compared to the IN Software industry average (0.7x).


Next Steps

Future Growth

How is 8K Miles Software Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.1%

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 8K Miles Software Services 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 8K Miles Software Services performed over the past 5 years?

-14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8KMILES is currently unprofitable.

Growing Profit Margin: 8KMILES is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 8KMILES is unprofitable, and losses have increased over the past 5 years at a rate of -14.8% per year.

Accelerating Growth: Unable to compare 8KMILES's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8KMILES is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (-4%).


Return on Equity

High ROE: 8KMILES has a negative Return on Equity (-261.57%), as it is currently unprofitable.


Next Steps

Financial Health

How is 8K Miles Software Services's financial position?


Financial Position Analysis

Short Term Liabilities: 8KMILES's short term assets (₹2.3B) exceed its short term liabilities (₹1.7B).

Long Term Liabilities: 8KMILES's short term assets (₹2.3B) exceed its long term liabilities (₹565.3M).


Debt to Equity History and Analysis

Debt Level: 8KMILES's debt to equity ratio (44.3%) is considered high.

Reducing Debt: 8KMILES's debt to equity ratio has increased from 10% to 44.3% over the past 5 years.


Balance Sheet

Inventory Level: 8KMILES has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8KMILES's debt is covered by short term assets (assets are 2.3x debt).


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: 8KMILES has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if 8KMILES has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is 8K Miles Software Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8KMILES's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8KMILES'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 8KMILES's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8KMILES's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 8KMILES is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8KMILES'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?

1.2yrs

Average management tenure


CEO

Suresh Venkatachari (52yo)

no data

Tenure

Mr. Suresh Venkatachari serves as the Chairman, Chief Executive Officer and Managing Director of 8K Miles Software Services Ltd. Mr. Venkatachari is Founder of 8K Miles Software Services Ltd. He has been t ...


Leadership Team

NamePositionTenureCompensationOwnership
Suresh Venkatachari
Founderno datano data36.64% 297.4m
Swasti Bhowmick
Chief Financial Officer1.17yrsno datano data
Lakshmanan Kannappan
COO, Head of Cloud IAM Business & Director4.58yrsno datano data
S. Chandran
Head of Indian Operations & Non US Territory Salesno datano datano data
Rajgopalan S.
Vice President of IAMno datano datano data
Harish Ganesan
Co-Founderno datano datano data
Sudish Mogli
Chief Technology Officerno datano datano data
Diya Venkatesan
Company Secretary & Compliance Officer1yrno datano data
Anand Kumar
VP & Head of Cloud Salesno datano datano data
Shibu Kizhakevilayil
President of Global Healthcareno datano datano data

1.2yrs

Average Tenure

52yo

Average Age

Experienced Management: 8KMILES's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Suresh Venkatachari
Founderno datano data36.64% 297.4m
Lakshmanan Kannappan
COO, Head of Cloud IAM Business & Director4.58yrsno datano data
Jeff Nigriny
Member of Strategic Advisory Board4.5yrsno datano data
Padmini Ravichandran
Non-Executive Non-Independent Director9.67yrs₹45.00kno data
Jayaprakash Vijayan
Member of Strategic Advisory Board4.5yrsno datano data
Reza Nazeman
Member of Strategic Advisory Board4.5yrsno datano data
Jason Rouault
Member of Strategic Advisory Board4.5yrsno datano data
Dinesh Yadav
Member of Strategic Advisory Board4.5yrsno datano data
Charles Soto
Member of Strategic Advisory Board4.5yrsno datano data
Dinesh Punniamurthy
Independent Director4.08yrs₹80.00kno data

4.5yrs

Average Tenure

52yo

Average Age

Experienced Board: 8KMILES's board of directors are considered experienced (4.5 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

8K Miles Software Services Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: 8K Miles Software Services Limited
  • Ticker: 8KMILES
  • Exchange: NSEI
  • Founded: 1985
  • Industry: Application Software
  • Sector: Software
  • Market Cap: ₹811.768m
  • Shares outstanding: 30.52m
  • Website: https://www.8kmiles.com

Number of Employees


Location

  • 8K Miles Software Services Limited
  • Srinivas Towers
  • New No.5, Old No. 11
  • Chennai
  • Tamil Nadu
  • 600018
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
512161BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2010
8KMILESNSEI (National Stock Exchange of India)YesEquity SharesININRJul 2010

Biography

8K Miles Software Services Limited provides information and technology services in the United States, India, the Middle East, North America, and internationally. The company’s solutions include CloudEz, an enterprise cloud management solution; EzIAM, an user life cycle management platform; CloudEzSecure, a cloud framework that provides security, which surpasses stringent security regulations; CloudEzRX, an user life cycle management platform; and Automaton, a cloud platform to manage security, compliance, and routine operations on cloud continuously with assisted auto remediation. Its solutions also comprise EzMFA, a multi-factor authentication solution for enterprise applications; DataEz, a data lake management platform; multi-domain identity services platform, an on-demand platform that extends the capabilities of existing identity management, SSO, and legacy services; and Cassandra-as-a-Service, a combination of integrated consulting and operations to enhance agility. In addition, the company provides cloud migration advisory and implementation, DevOps and ongoing upgrading, managed, big data and analytics, and digital transformation and maintenance services, as well as cloud solutions for business issues and infrastructure management; and UX and UI mobility, and identity access management services. It serves healthcare, life science, retail, finance, and other verticals. The company was formerly known as P.M. Strips Limited and changed its name to 8K Miles Software Services Limited in October 2010. 8K Miles Software Services Limited was incorporated in 1985 and is based in Chennai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 13:05
End of Day Share Price2020/03/30 00:00
Earnings2019/09/30
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.