Innovana Thinklabs
Market Cap
₹1.2b
Last Updated
2020/02/26 13:18 UTC
Data Sources
Company Financials
Executive Summary
Innovana Thinklabs Limited engages in the software and application development business in India and internationally.
Rewards
Risk Analysis
Snowflake Analysis
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
-5.2%
INNOVANA
-3.6%
IN Software
-3.5%
IN Market
1 Year Return
-19.6%
INNOVANA
-20.6%
IN Software
5.2%
IN Market
Return vs Industry: INNOVANA matched the Indian Software industry which returned -18.7% over the past year.
Return vs Market: INNOVANA underperformed the Indian Market which returned 6.4% over the past year.
Shareholder returns
| INNOVANA | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.2% | -3.6% | -3.5% |
| 30 Day | 2.8% | -7.8% | -3.9% |
| 90 Day | -11.0% | -2.5% | -2.1% |
| 1 Year | -19.6%-19.6% | -19.9%-20.6% | 7.2%5.2% |
| 3 Year | n/a | -18.4%-25.1% | 18.9%12.4% |
| 5 Year | n/a | -7.6%-20.9% | 29.4%17.7% |
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
3 weeks ago | Simply Wall St
Do Directors Own Innovana Thinklabs Limited (NSE:INNOVANA) Shares?1 month ago | Simply Wall St
Do You Like Innovana Thinklabs Limited (NSE:INNOVANA) At This P/E Ratio?2 months ago | Simply Wall St
Boasting A 42% Return On Equity, Is Innovana Thinklabs Limited (NSE:INNOVANA) A Top Quality Stock?Valuation
Is Innovana Thinklabs undervalued compared to its fair value and its price relative to the market?
47.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: INNOVANA (₹110) is trading below our estimate of fair value (₹210.2)
Significantly Below Fair Value: INNOVANA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: INNOVANA is good value based on its PE Ratio (7.1x) compared to the Software industry average (12x).
PE vs Market: INNOVANA is good value based on its PE Ratio (7.1x) compared to the Indian market (13x).
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 (2.9x) compared to the IN Software industry average (0.9x).
Next Steps
Future Growth
How is Innovana Thinklabs forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
15.8%
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
- Examine whether Innovana Thinklabs is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Innovana Thinklabs competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
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 -5.4%.
Return on Equity
High ROE: INNOVANA's Return on Equity (42.4%) is considered outstanding.
Next Steps
Financial Health
How is Innovana Thinklabs's financial position?
Financial Position Analysis
Short Term Liabilities: INNOVANA's short term assets (₹512.9M) exceed its short term liabilities (₹453.8M).
Long Term Liabilities: INNOVANA's short term assets (₹512.9M) exceed 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
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
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Chandan Garg (37yo)
2.6yrs
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 ($USD112.78K) is above average for companies of similar size in the Indian market ($USD49.94K).
Compensation vs Earnings: Chandan's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 2.6yrs | ₹8.10m | 71.22% ₹839.5m | |
| Chief Financial Officer | 2.7yrs | ₹942.43k | no data | |
| Whole-time Director | 4.8yrs | ₹3.00m | 1.95% ₹22.9m | |
| Company Secretary & Compliance Officer | 0.5yrs | no data | no data |
2.6yrs
Average Tenure
37yo
Average Age
Experienced Management: INNOVANA's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 2.6yrs | ₹8.10m | 71.22% ₹839.5m | |
| Whole-time Director | 4.8yrs | ₹3.00m | 1.95% ₹22.9m | |
| Non-Executive Director | 2.7yrs | no data | 0.0019% ₹23.0k | |
| Non-Executive Independent Director | 2.5yrs | no data | no data | |
| Non-Executive Independent Director | 2.5yrs | no data | no data | |
| Non-Executive Independent Director | 2.5yrs | no data | no data |
2.5yrs
Average Tenure
37.5yo
Average Age
Experienced Board: INNOVANA's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 7.2%.
Top Shareholders
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: ₹1.179b
- Shares outstanding: 10.25m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| INNOVANA | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Dec 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-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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 13:18 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.