Innovana Thinklabs
Market Cap
₹861.0m
Last Updated
2021/01/24 12:26 UTC
Data Sources
Company Financials
Executive Summary
Innovana Thinklabs Limited engages in the software and application development business in India and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with adequate balance sheet.
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 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: INNOVANA's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.
Market Performance
7 Day Return
7.7%
INNOVANA
0.9%
IN Software
-0.8%
IN Market
1 Year Return
-21.5%
INNOVANA
64.3%
IN Software
15.1%
IN Market
Return vs Industry: INNOVANA underperformed the Indian Software industry which returned 64.3% over the past year.
Return vs Market: INNOVANA underperformed the Indian Market which returned 15.1% over the past year.
Shareholder returns
| INNOVANA | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.7% | 0.9% | -0.8% |
| 30 Day | 15.2% | 10.5% | 4.5% |
| 90 Day | 3.6% | 25.8% | 21.3% |
| 1 Year | -21.5%-21.5% | 74.9%64.3% | 17.2%15.1% |
| 3 Year | 28.0%28.0% | 26.3%11.3% | 8.0%2.7% |
| 5 Year | n/a | 56.2%31.1% | 77.1%63.6% |
Long-Term 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
2 weeks ago | Simply Wall St
With EPS Growth And More, Innovana Thinklabs (NSE:INNOVANA) Is Interesting1 month ago | Simply Wall St
A Quick Analysis On Innovana Thinklabs' (NSE:INNOVANA) CEO Compensation2 months ago | Simply Wall St
Will Weakness in Innovana Thinklabs Limited's (NSE:INNOVANA) Stock Prove Temporary Given Strong Fundamentals?Valuation
Is Innovana Thinklabs undervalued compared to its fair value and its price relative to the market?
3.96x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate INNOVANA's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate INNOVANA's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: INNOVANA is good value based on its PE Ratio (4x) compared to the IN Software industry average (14.8x).
PE vs Market: INNOVANA is good value based on its PE Ratio (4x) compared to the Indian market (19x).
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 (1.7x) compared to the IN Software industry average (1.5x).
Next Steps
Future Growth
How is Innovana Thinklabs forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.1%
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 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
- Check out Innovana Thinklabs's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- 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?
47.2%
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 (33.8%) are higher than last year (23.7%).
Past Earnings Growth Analysis
Earnings Trend: INNOVANA's earnings have grown significantly by 47.2% per year over the past 5 years.
Accelerating Growth: INNOVANA's earnings growth over the past year (103.2%) exceeds its 5-year average (47.2% per year).
Earnings vs Industry: INNOVANA earnings growth over the past year (103.2%) exceeded the Software industry 33.9%.
Return on Equity
High ROE: INNOVANA's Return on Equity (43.6%) 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 (₹625.9M) do not cover its short term liabilities (₹719.8M).
Long Term Liabilities: INNOVANA's short term assets (₹625.9M) exceed its long term liabilities (₹5.7M).
Debt to Equity History and Analysis
Debt Level: INNOVANA's debt to equity ratio (1.1%) 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 (6580.9%).
Interest Coverage: INNOVANA earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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 recent payouts.
High Dividend: Unable to evaluate INNOVANA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?
3.5yrs
Average management tenure
CEO
Chandan Garg (40 yo)
3.5yrs
Tenure
₹12,051,000
Compensation
Mr. Chandan Garg has been the Chairman and Managing Director of Innovana Thinklabs Limited since July 06, 2017 and has been its Director since April 13, 2015. Mr. Garg holds a bachelor degree of Science in...
CEO Compensation Analysis
Compensation vs Market: Chandan's total compensation ($USD165.12K) is above average for companies of similar size in the Indian market ($USD44.86K).
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 | 3.5yrs | ₹12.05m | 71.22% ₹ 613.2m | |
| Chief Financial Officer | 3.58yrs | ₹987.00k | no data | |
| Company Secretary & Compliance Officer | 1.42yrs | ₹297.00k | no data | |
| Whole-time Director | 5.75yrs | ₹3.65m | 1.95% ₹ 16.7m |
3.5yrs
Average Tenure
40yo
Average Age
Experienced Management: INNOVANA's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 3.5yrs | ₹12.05m | 71.22% ₹ 613.2m | |
| Whole-time Director | 5.75yrs | ₹3.65m | 1.95% ₹ 16.7m | |
| Non-Executive Director | 3.58yrs | ₹1.20m | 0.0019% ₹ 16.8k | |
| Non-Executive Independent Director | 3.42yrs | no data | no data | |
| Non-Executive Independent Director | 3.42yrs | no data | no data | |
| Non-Executive Independent Director | 1.08yrs | no data | no data |
3.5yrs
Average Tenure
39yo
Average Age
Experienced Board: INNOVANA's board of directors are considered experienced (3.5 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
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: ₹861.000m
- 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, Patrakar Colony
- 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-block...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 12:26 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.