NSEI:INNOVANA

Stock Analysis Report

Executive Summary

Innovana Thinklabs Limited engages in the software and application development business in India and internationally.

Snowflake

Excellent balance sheet with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

9.1%

INNOVANA

-0.3%

IN Software

0.5%

IN Market


1 Year Return

-10.6%

INNOVANA

-24.0%

IN Software

5.6%

IN Market

Return vs Industry: INNOVANA exceeded the Indian Software industry which returned -24% over the past year.

Return vs Market: INNOVANA underperformed the Indian Market which returned 5.6% over the past year.


Shareholder returns

INNOVANAIndustryMarket
7 Day9.1%-0.3%0.5%
30 Day36.2%-2.7%2.1%
90 Day35.2%-2.3%10.4%
1 Year-10.6%-10.6%-20.6%-24.0%7.6%5.6%
3 Yearn/a-2.2%-10.1%37.0%29.9%
5 Yearn/a3.5%-11.3%39.6%27.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

31.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: INNOVANA (₹322.9) is trading below our estimate of fair value (₹469.27)

Significantly Below Fair Value: INNOVANA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: INNOVANA is good value based on its PE Ratio (8.4x) compared to the Software industry average (11.9x).

PE vs Market: INNOVANA is good value based on its PE Ratio (8.4x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: INNOVANA is overvalued based on its PB Ratio (3.4x) compared to the IN Software industry average (1x).


Next Steps

Future Growth

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

17.4%

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 Innovana Thinklabs 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 Innovana Thinklabs performed over the past 5 years?

55.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INNOVANA has a high level of non-cash earnings.

Growing Profit Margin: INNOVANA's current net profit margins (28.1%) are higher than last year (24%).


Past Earnings Growth Analysis

Earnings Trend: INNOVANA's earnings have grown significantly by 55.5% per year over the past 5 years.

Accelerating Growth: INNOVANA's earnings growth over the past year (86%) exceeds its 5-year average (55.5% per year).

Earnings vs Industry: INNOVANA earnings growth over the past year (86%) exceeded the Software industry -4.2%.


Return on Equity

High ROE: INNOVANA's Return on Equity (42.4%) is considered outstanding.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Innovana Thinklabs's financial position?


Financial Position Analysis

Short Term Liabilities: INNOVANA's short term assets (₹512.9M) exceeds its short term liabilities (₹453.8M)

Long Term Liabilities: INNOVANA's short term assets (₹512.9M) exceeds its long term liabilities (5.5M)


Debt to Equity History and Analysis

Debt Level: INNOVANA's debt to equity ratio (1.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if INNOVANA's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: INNOVANA's debt is well covered by operating cash flow (7051.3%).

Interest Coverage: INNOVANA earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: INNOVANA's debt is covered by short term assets (assets are 92.7x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INNOVANA's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Innovana Thinklabs's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Chandan Garg (37yo)

2.3yrs

Tenure

₹8,100,000

Compensation

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 Gradu ...


CEO Compensation Analysis

Compensation vs Market: Chandan's total compensation ($USD112.88K) is above average for companies of similar size in the Indian market ($USD33.45K).

Compensation vs Earnings: Chandan's compensation has increased by more than 20% in the past year.


Management Age and Tenure

2.3yrs

Average Tenure

37yo

Average Age

Experienced Management: INNOVANA's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

2.3yrs

Average Tenure

37.5yo

Average Age

Experienced Board: INNOVANA's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

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 been diluted in the past year, with total shares outstanding growing by 7.2%.


Management Team

  • Chandan Garg (37yo)

    Chairman & MD

    • Tenure: 2.3yrs
    • Compensation: ₹8.10m
  • Kapil Garg (35yo)

    Whole-time Director

    • Tenure: 4.6yrs
    • Compensation: ₹3.00m
  • Sanjeev Mittal (41yo)

    Chief Financial Officer

    • Tenure: 2.4yrs
    • Compensation: ₹942.43k
  • Vasu Anand

    Company Secretary & Compliance Officer

    • Tenure: 0.3yrs

Board Members

  • Chandan Garg (37yo)

    Chairman & MD

    • Tenure: 2.3yrs
    • Compensation: ₹8.10m
  • Kapil Garg (35yo)

    Whole-time Director

    • Tenure: 4.6yrs
    • Compensation: ₹3.00m
  • Swaran Kanta (62yo)

    Non-Executive Director

    • Tenure: 2.4yrs
  • Apoorv Mittal (32yo)

    Non-Executive Independent Director

    • Tenure: 2.3yrs
  • Mohit Bora (38yo)

    Non-Executive Independent Director

    • Tenure: 2.3yrs
  • Sumit Sarda (38yo)

    Non-Executive Independent Director

    • Tenure: 2.3yrs

Company Information

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


Key Information

  • Name: Innovana Thinklabs Limited
  • Ticker: INNOVANA
  • Exchange: NSEI
  • Founded: 2015
  • Industry: Application Software
  • Sector: Software
  • Market Cap: ₹1.324b
  • Shares outstanding: 4.10m
  • Website: https://www.innovanathinklabs.com

Number of Employees


Location

  • Innovana Thinklabs Limited
  • S.N. Tower
  • Plot No. D-41, Shanti Path
  • Jaipur
  • Rajasthan
  • 302004
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INNOVANANSEI (National Stock Exchange of India)YesEquity SharesININRDec 2017

Biography

Innovana Thinklabs Limited engages in the software and application development business in India and internationally. The company’s product portfolio consists of applications and software, such as ad-block ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 13:06
End of Day Share Price2019/11/21 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.