NSEI:INNOVANA

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Executive Summary

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


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

21.4%

INNOVANA

3.2%

IN Software

-0.6%

IN Market


1 Year Return

-11.6%

INNOVANA

30.3%

IN Software

2.2%

IN Market

Return vs Industry: INNOVANA underperformed the Indian Software industry which returned 30.3% over the past year.

Return vs Market: INNOVANA underperformed the Indian Market which returned 2.2% over the past year.


Shareholder returns

INNOVANAIndustryMarket
7 Day21.4%3.2%-0.6%
30 Day-20.9%8.2%0.2%
90 Day-7.8%36.1%6.7%
1 Year-11.6%-11.6%36.2%30.3%3.9%2.2%
3 Yearn/a22.3%10.7%2.6%-2.4%
5 Yearn/a17.4%1.2%41.3%30.8%

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?

4.02x

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 (13.6x).

PE vs Market: INNOVANA is good value based on its PE Ratio (4x) compared to the Indian market (16.3x).


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 (1.8x) compared to the IN Software industry average (1.6x).


Next Steps

Future Growth

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

7.3%

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?

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 2.4%.


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?

3.3yrs

Average management tenure


CEO

Chandan Garg (40 yo)

3.25yrs

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 ($USD164.29K) is above average for companies of similar size in the Indian market ($USD56.07K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Chandan Garg
Chairman & MD3.25yrs₹12.05m71.22%
₹ 622.7m
Sanjeev Mittal
Chief Financial Officer3.33yrs₹987.00kno data
Vasu Anand
Company Secretary & Compliance Officer1.17yrs₹297.00kno data
Kapil Garg
Whole-time Director5.5yrs₹3.65m1.95%
₹ 17.0m

3.3yrs

Average Tenure

40yo

Average Age

Experienced Management: INNOVANA's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chandan Garg
Chairman & MD3.25yrs₹12.05m71.22%
₹ 622.7m
Kapil Garg
Whole-time Director5.5yrs₹3.65m1.95%
₹ 17.0m
Swaran Kanta
Non-Executive Director3.33yrs₹1.20m0.0019%
₹ 17.0k
Apoorv Mittal
Non-Executive Independent Director3.17yrsno datano data
Sumit Sarda
Non-Executive Independent Director3.17yrsno datano data
Kanhaiya Sharma
Non-Executive Independent Director0.83yrno datano data

3.2yrs

Average Tenure

39yo

Average Age

Experienced Board: INNOVANA's board of directors are considered experienced (3.2 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: ₹874.325m
  • 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

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 Analysis2020/10/20 12:36
End of Day Share Price2020/10/19 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.