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Innovana Thinklabs

NSEI:INNOVANA
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INNOVANA
NSEI
₹2B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Innovana Thinklabs Limited engages in software and application development business in India and internationally. The last earnings update was 266 days ago. More info.


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INNOVANA Share Price and Events
7 Day Returns
0.4%
NSEI:INNOVANA
-1%
IN Software
-1.2%
IN Market
1 Year Returns
10.8%
NSEI:INNOVANA
-19.4%
IN Software
-2.5%
IN Market
INNOVANA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Innovana Thinklabs (INNOVANA) 0.4% -2% 11.9% 10.8% - -
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
  • INNOVANA outperformed the Software industry which returned -19.4% over the past year.
  • INNOVANA outperformed the Market in India which returned -2.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

INNOVANA Value

 Is Innovana Thinklabs 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 Innovana Thinklabs. This is due to cash flow or dividend data being unavailable. The share price is ₹387.2.
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 Innovana Thinklabs's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Innovana Thinklabs's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:INNOVANA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹18.47
NSEI:INNOVANA Share Price ** NSEI (2019-04-22) in INR ₹387.2
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 Innovana Thinklabs.

NSEI:INNOVANA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:INNOVANA Share Price ÷ EPS (both in INR)

= 387.2 ÷ 18.47

20.96x

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

  • Innovana Thinklabs is overvalued based on earnings compared to the IN Software industry average.
  • Innovana Thinklabs is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Innovana Thinklabs's expected growth come at a high price?
Raw Data
NSEI:INNOVANA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-4.2%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 Innovana Thinklabs, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Innovana Thinklabs's assets?
Raw Data
NSEI:INNOVANA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹44.52
NSEI:INNOVANA Share Price * NSEI (2019-04-22) in INR ₹387.2
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
NSEI:INNOVANA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:INNOVANA Share Price ÷ Book Value per Share (both in INR)

= 387.2 ÷ 44.52

8.7x

* Primary Listing of Innovana Thinklabs.

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

  • Innovana Thinklabs is overvalued based on assets compared to the IN Software industry average.
X
Value checks
We assess Innovana Thinklabs'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. Innovana Thinklabs has a total score of 0/6, 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.

INNOVANA Future Performance

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

  • No analysts cover Innovana Thinklabs, 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
-4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Innovana Thinklabs expected to grow at an attractive rate?
  • Innovana Thinklabs's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Innovana Thinklabs's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Innovana Thinklabs's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:INNOVANA Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:INNOVANA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -4.2%
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
NSEI:INNOVANA 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.
NSEI:INNOVANA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 308 55 76
2017-03-31 155 15 7
2016-03-31 66 17 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Innovana Thinklabs's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Innovana Thinklabs 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
NSEI:INNOVANA 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 Innovana Thinklabs Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:INNOVANA Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 18.47
2017-03-31 4.50
2016-03-31 3.69

*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 Innovana Thinklabs will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Innovana Thinklabs'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.
Innovana Thinklabs has a total score of 0/6, 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.

INNOVANA Past Performance

  How has Innovana Thinklabs performed over the past 5 years?

  • Innovana Thinklabs's last earnings update was 266 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 Innovana Thinklabs'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 Innovana Thinklabs's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Innovana Thinklabs's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Innovana Thinklabs's earnings growth has exceeded the IN Software industry average in the past year (952.1% vs 21.7%).
Earnings and Revenue History
Innovana Thinklabs'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 Innovana Thinklabs Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:INNOVANA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 308.29 75.73 13.85
2017-03-31 155.07 7.20 1.41
2016-03-31 66.10 5.90

*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.
  • Innovana Thinklabs made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Innovana Thinklabs used its assets more efficiently than the IN Software industry average last year based on Return on Assets.
  • Unable to establish if Innovana Thinklabs improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Innovana Thinklabs'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.
Innovana Thinklabs has a total score of 3/6, 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.

INNOVANA Health

 How is Innovana Thinklabs'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 Innovana Thinklabs's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Innovana Thinklabs is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Innovana Thinklabs's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Innovana Thinklabs'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 238.4x 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 Innovana Thinklabs Company Filings, last reported 1 year ago.

NSEI:INNOVANA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 182.51 0.79 61.27
2017-03-31 14.99 19.64 7.47
2016-03-31 7.90 0.56 11.50
  • Innovana Thinklabs's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Innovana Thinklabs's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (6944.5%, greater than 20% of total debt).
  • Innovana Thinklabs earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Innovana Thinklabs'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. Innovana Thinklabs has a total score of 5/6, 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.

INNOVANA Dividends

 What is Innovana Thinklabs'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 Innovana Thinklabs dividends.
If you bought ₹2,000 of Innovana Thinklabs 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 Innovana Thinklabs's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Innovana Thinklabs'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
NSEI:INNOVANA 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.

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

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

INNOVANA Management

 What is the CEO of Innovana Thinklabs'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
Chandan Garg
COMPENSATION ₹4,800,000
AGE 36
TENURE AS CEO 1.8 years
CEO Bio

Mr. Chandan Garg has been the Chairman & Managing Director of Innovana Thinklabs Limited since July 06, 2017. Mr. Garg holds a bachelor degree of Science in Bio Technology. He has also completed Post Graduation Diploma in management from Symbiosis Center for Distance Learning (SCDL) and is a certified professional course from Microsoft. He has completed various certified courses such as e-Business Solution Developer from CISTEMS School of Computing and also cleared various exams in IT from DOEACC Society. He has an experience of 16 years in Information Technology industry. He was in whole time employment with Systweak Software Private Limited before joining this Company. He looked after the overall management and operations of the said company. Under his guidance the above company perceived a constant growth and grew manifolds throughout his tenure. He is now the Founder & Managing Director of our company. He is responsible for formulating all the business policies, strategic decisions, business development etc. and also looks after the overall management and operations of our company. He manages the day-to-day affairs of our company. It is under his guidance and supervision that our company is witnessing a continuous growth.

CEO Compensation
  • Insufficient data for Chandan to compare compensation growth.
  • Chandan's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Innovana Thinklabs management team in years:

1.8
Average Tenure
36
Average Age
  • The average tenure for the Innovana Thinklabs management team is less than 2 years, this suggests a new team.
Management Team

Chandan Garg

TITLE
Chairman & MD
COMPENSATION
₹5M
AGE
36
TENURE
1.8 yrs

Sanjeev Mittal

TITLE
Chief Financial Officer
AGE
40
TENURE
1.8 yrs

Prachi Mittal

TITLE
Company Secretary & Compliance officer
TENURE
1.8 yrs

Kapil Garg

TITLE
Whole-time Director
COMPENSATION
₹2M
AGE
34
Board of Directors Tenure

Average tenure and age of the Innovana Thinklabs board of directors in years:

1.7
Average Tenure
36
Average Age
  • The average tenure for the Innovana Thinklabs board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chandan Garg

TITLE
Chairman & MD
COMPENSATION
₹5M
AGE
36
TENURE
1.8 yrs

Kapil Garg

TITLE
Whole-time Director
COMPENSATION
₹2M
AGE
34
TENURE
4 yrs

Apoorv Mittal

TITLE
Non-Executive Independent Director
AGE
31
TENURE
1.7 yrs

Mohit Bora

TITLE
Non-Executive Independent Director
AGE
36
TENURE
1.7 yrs

Sumit Sarda

TITLE
Non-Executive Independent Director
AGE
36
TENURE
1.7 yrs

Swaran Kanta

TITLE
Non-Executive Director
AGE
60
TENURE
1.8 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 Innovana Thinklabs'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. Innovana Thinklabs 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.

INNOVANA News

Simply Wall St News

Is Now The Time To Put Innovana Thinklabs (NSE:INNOVANA) On Your Watchlist?

So if you're like me, you might be more interested in profitable, growing companies, like Innovana Thinklabs (NSE:INNOVANA). … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. … The good news is that Innovana Thinklabs is growing revenues, and EBIT margins improved by 27.7 percentage points to 34%, over the last year.

Simply Wall St -

Can We See Significant Insider Ownership On The Innovana Thinklabs Limited (NSE:INNOVANA) Share Register?

Every investor in Innovana Thinklabs Limited (NSE:INNOVANA) should be aware of the most powerful shareholder groups. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Innovana Thinklabs is a smaller company with a market capitalization of ₹1.3b, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

What Can We Make Of Innovana Thinklabs Limited’s (NSE:INNOVANA) High Return On Capital?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed

Simply Wall St -

Should You Be Tempted To Sell Innovana Thinklabs Limited (NSE:INNOVANA) Because Of Its P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Innovana Thinklabs Limited's (NSE:INNOVANA) P/E ratio and reflect on what it tells us about the company's share price. … Innovana Thinklabs has a price to earnings ratio of 18.46, based on the last twelve months.

Simply Wall St -

Should You Be Excited About Innovana Thinklabs Limited's (NSE:INNOVANA) 41% Return On Equity?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Innovana Thinklabs Limited (NSE:INNOVANA). … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.41 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is It Time To Sell Innovana Thinklabs Limited (NSE:INNOVANA) Based Off Its PE Ratio?

and want to begin learning the link between Innovana Thinklabs Limited (NSE:INNOVANA)’s fundamentals and stock market performance. … Innovana Thinklabs Limited (NSE:INNOVANA) trades with a trailing P/E of 65.7x, which is higher than the industry average of 20.5x. … While INNOVANA might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Who Are The Major Shareholders Of Innovana Thinklabs Limited (NSE:INNOVANA)?

In this analysis, my focus will be on developing a perspective on Innovana Thinklabs Limited’s (NSEI:INNOVANA) latest ownership structure, a less discussed, but important factor. … View our latest analysis for Innovana Thinklabs NSEI:INNOVANA Ownership_summary Jan 12th 18 Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … General Public Ownership A substantial ownership of 26.84% in INNOVANA is held by the general public.

Simply Wall St -

Should You Sell Innovana Thinklabs Limited (NSE:INNOVANA) At This PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for INNOVANA Price per share = ₹194.8 Earnings per share = ₹6.075 ∴ Price-Earnings Ratio = ₹194.8 ÷ ₹6.075 = 32.1x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Ultimately, our goal is to compare the stock’s P/E ratio to the average of companies that have similar attributes to INNOVANA, such as company lifetime and products sold. … For example, if you are inadvertently comparing riskier firms with INNOVANA, then INNOVANA’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

What Can We Expect for Innovana Thinklabs Limited (NSE:INNOVANA) Moving Forward?

In this article, I’ll take you through the tech sector growth expectations, and also determine whether Innovana Thinklabs is a laggard or leader relative to its tech sector peers. … Check out our latest analysis for Innovana Thinklabs What’s the catalyst for Innovana Thinklabs's sector growth? … Over the past year, the industry saw growth in the teens, though still underperforming the wider Indian stock market.

Simply Wall St -

What Investors Should Know About Innovana Thinklabs Limited's (NSE:INNOVANA) Financial Strength

How does INNOVANA’s operating cash flow stack up against its debt? … Additionally, INNOVANA has produced cash from operations of ₹13.9M in the last twelve months, resulting in an operating cash to total debt ratio of 0.71x, meaning that INNOVANA’s debt is appropriately covered by operating cash. … High level of cash generated from operating activities indicates its debt funding is being effectively used.

Simply Wall St -

INNOVANA Company Info

Description

Innovana Thinklabs Limited engages in software and application development business in India and internationally. The company’s product portfolio consists of applications and software, such as ad-blockers, disk cleanups, space revivers, file openers, privacy protectors, etc. for Windows, Mac, iOS, and Android platforms. It also provides digital marketing services, including digital advertising, content marketing, and search engine optimization. The company was formerly known as PCVARK Software Limited and changed its name to Innovana Thinklabs Limited in August 2017. Innovana Thinklabs Limited was founded in 2015 and is based in Jaipur, India.

Details
Name: Innovana Thinklabs Limited
INNOVANA
Exchange: NSEI
Founded: 2015
₹1,587,520,000
4,100,000
Website: http://www.innovanathinklabs.com
Address: Innovana Thinklabs Limited
S.N. Tower,
Plot No. D-41, Shanti Path,
Jaipur,
Rajasthan, 302004,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI INNOVANA Equity Shares National Stock Exchange of India IN INR 12. Dec 2017
Number of employees
Current staff
Staff numbers
86
Innovana Thinklabs employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 13:04
End of day share price update: 2019/04/22 00:00
Last earnings filing: 2018/07/31
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.