Loading...

Majesco

NSEI:MJCO
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MJCO
NSEI
₹14B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Majesco Limited, together with its subsidiaries, provides insurance software and IT services in North America, Europe, the Middle East, the Asia Pacific, and internationally. The last earnings update was 14 days ago. More info.


Add to Portfolio Compare Print
MJCO Share Price and Events
7 Day Returns
-0%
NSEI:MJCO
-0.8%
IN Software
0.3%
IN Market
1 Year Returns
-0.7%
NSEI:MJCO
14.4%
IN Software
3.5%
IN Market
MJCO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Majesco (MJCO) -0% 8.9% -5% -0.7% -14.8% -
IN Software -0.8% -3.3% -13.8% 14.4% 14.3% 172.1%
IN Market 0.3% 3.2% -7.1% 3.5% 71.5% 216.8%
1 Year Return vs Industry and Market
  • MJCO underperformed the Software industry which returned 14.4% over the past year.
  • MJCO underperformed the Market in India which returned 3.5% over the past year.
Price Volatility
MJCO
Industry
5yr Volatility vs Market

MJCO Value

 Is Majesco 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
Here we compare the current share price of Majesco to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Majesco.

NSEI:MJCO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:MJCO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.7%
Equity Risk Premium S&P Global 7.3%
Software Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.363 (1 + (1- 35%) (4.31%))
0.373
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.73% + (0.8 * 7.27%)
13.55%

Discounted Cash Flow Calculation for NSEI:MJCO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Majesco is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:MJCO DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 650.00 791.00 971.50 1,055.46 1,146.67
Source Analyst x1 Analyst x2 Analyst x2 Est @ 8.64% Est @ 8.64%
Present Value
Discounted (@ 13.55%)
572.46 613.53 663.63 634.97 607.54
Present value of next 5 years cash flows $3,092.13
NSEI:MJCO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $1,146.67 × (1 + 7.73%) ÷ (13.55% – 7.73%)
$21,239.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $21,239.75 ÷ (1 + 13.55%)5
$11,253.57
NSEI:MJCO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $3,092.13 + $11,253.57
$14,345.69
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $14,345.69 / 28.29
$508.92
NSEI:MJCO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:MJCO represents 1.00358x of BSE:539289
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00358x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 507.10 x 1.00358
₹508.92
Value per share (INR) From above. ₹508.92
Current discount Discount to share price of ₹490.00
= -1 x (₹490.00 - ₹508.92) / ₹508.92
3.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Majesco is available for.
Intrinsic value
4%
Share price is ₹490 vs Future cash flow value of ₹508.92
Current Discount Checks
For Majesco to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Majesco's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Majesco's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Majesco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Majesco's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:MJCO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $12.77
BSE:539289 Share Price ** BSE (2018-11-16) in INR ₹488.25
India Software Industry PE Ratio Median Figure of 54 Publicly-Listed Software Companies 15.73x
India Market PE Ratio Median Figure of 2,721 Publicly-Listed Companies 17.48x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Majesco.

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

= BSE:539289 Share Price ÷ EPS (both in USD)

= 488.25 ÷ 12.77

38.24x

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

  • Majesco is overvalued based on earnings compared to the IN Software industry average.
  • Majesco is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Majesco's expected growth come at a high price?
Raw Data
NSEI:MJCO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
32.7%per year
India Software Industry PEG Ratio Median Figure of 14 Publicly-Listed Software Companies 1.2x
India Market PEG Ratio Median Figure of 650 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

NSEI:MJCO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 38.24x ÷ 32.7%

1.17x

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

  • Majesco is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Majesco's assets?
Raw Data
NSEI:MJCO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $210.13
BSE:539289 Share Price * BSE (2018-11-16) in INR ₹488.25
India Software Industry PB Ratio Median Figure of 68 Publicly-Listed Software Companies 1.2x
India Market PB Ratio Median Figure of 3,500 Publicly-Listed Companies 1.23x
NSEI:MJCO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:539289 Share Price ÷ Book Value per Share (both in USD)

= 488.25 ÷ 210.13

2.32x

* Primary Listing of Majesco.

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

  • Majesco is overvalued based on assets compared to the IN Software industry average.
X
Value checks
We assess Majesco'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. Majesco 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.

MJCO Future Performance

 How is Majesco expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
32.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Majesco expected to grow at an attractive rate?
  • Majesco's earnings growth is expected to exceed the low risk savings rate of 7.7%.
Growth vs Market Checks
  • Majesco's earnings growth is expected to exceed the India market average.
  • Majesco's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:MJCO Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:MJCO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 32.7%
NSEI:MJCO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 13.6%
India Software Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
India Software Industry Revenue Growth Rate Market Cap Weighted Average 13%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.5%

*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:MJCO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:MJCO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 12,540 1,170 922 2
2020-03-31 11,057 787 768 5
2019-03-31 9,640 556 584 5
NSEI:MJCO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 8,962 294
2018-06-30 8,527 210
2018-03-31 8,060 -228 63
2017-12-31 7,802 57
2017-09-30 7,785 197
2017-06-30 7,898 118
2017-03-31 8,262 875 51
2016-12-31 8,583 98
2016-09-30 8,508 126
2016-06-30 8,271 67
2016-03-31 7,572 -150 69

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Majesco's earnings are expected to grow significantly at over 20% yearly.
  • Majesco's revenue is expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
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:MJCO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Majesco Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MJCO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 31.90 34.10 29.70 2.00
2020-03-31 26.65 28.60 25.10 4.00
2019-03-31 20.00 20.40 19.60 2.00
NSEI:MJCO Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 12.77
2018-06-30 7.61
2018-03-31 2.60
2017-12-31
2017-09-30 6.75
2017-06-30 4.94
2017-03-31 2.18
2016-12-31 4.22
2016-09-30 5.50
2016-06-30 2.92
2016-03-31 3.02

*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.
  • Majesco is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Majesco'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.
Majesco has a total score of 4/6, 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.

MJCO Past Performance

  How has Majesco performed over the past 5 years?

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 Majesco'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.
  • Majesco has delivered over 20% year on year earnings growth in the past 5 years.
  • Majesco's 1-year earnings growth is less than its 5-year average (49.1% vs 54.8%)
  • Majesco's earnings growth has exceeded the IN Software industry average in the past year (49.1% vs 34.3%).
Earnings and Revenue History
Majesco'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 Majesco Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MJCO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 8,962.10 294.10 205.30
2018-06-30 8,527.20 209.50
2018-03-31 8,060.40 62.90 205.30
2017-12-31 7,802.25 57.33 232.14
2017-09-30 7,784.85 197.23 232.14
2017-06-30 7,898.15 118.03 3.90
2017-03-31 8,261.70 50.60 232.70
2016-12-31 8,582.63 97.58 185.00
2016-09-30 8,507.73 126.18 226.60
2016-06-30 8,270.70 67.30 569.90
2016-03-31 7,571.53 68.88 229.50
2015-03-31 4,936.18 -187.77 950.94
2014-03-31 -0.01 0.00

*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.
  • Majesco has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Majesco used its assets less efficiently than the IN Software industry average last year based on Return on Assets.
  • Majesco's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Majesco'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.
Majesco has a total score of 2/6, 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.

MJCO Health

 How is Majesco'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 Majesco's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Majesco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Majesco's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Majesco'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 11.6x 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 Majesco Company Filings, last reported 1 month ago.

NSEI:MJCO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 6,884.70 597.10 5,361.50
2018-06-30 6,219.40 684.30 4,644.80
2018-03-31 6,219.40 918.90 3,935.70
2017-12-31 3,858.20 1,150.10 2,493.60
2017-09-30 3,858.20 1,150.10 2,493.60
2017-06-30 3,631.29 721.62 1,752.01
2017-03-31 3,676.70 877.50 972.50
2016-12-31 3,570.30 1,134.40 1,797.70
2016-09-30 3,570.30 1,134.40 1,797.70
2016-06-30 3,482.20 919.00 1,271.90
2016-03-31 3,482.17 943.09 1,271.98
2015-03-31 3,050.16 283.88 930.63
2014-03-31 0.09 0.00 0.09
  • Majesco's level of debt (8.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Majesco's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 54.1x coverage).
X
Financial health checks
We assess Majesco'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. Majesco has a total score of 4/6, 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.

MJCO Dividends

 What is Majesco'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 Majesco dividends. Estimated to be 0% next year.
If you bought ₹2,000 of Majesco 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 Majesco's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Majesco'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:MJCO 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 5 Analyst Estimates (S&P Global) See Below
India Software Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.4%
India Market Average Dividend Yield Market Cap Weighted Average of 1390 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.2%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:MJCO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.00 1.00
2020-03-31 0.00 1.00
2019-03-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Majesco has not reported any payouts.
  • Unable to verify if Majesco's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Majesco's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Majesco has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Majesco's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess Majesco's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - 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 Majesco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Majesco 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.

MJCO Management

 What is the CEO of Majesco'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
Adam Elster
AGE 50
TENURE AS CEO 0.1 years
CEO Bio

Mr. Adam Elster serves as Chief Executive Officer and Director of Majesco since October 1, 2018. He has been Chief Executive Officer and Director at Majesco Limited since October 1, 2018. He was Executive Officer of CA, Inc. from May 3, 2018 to August 17, 2018. Mr. Elster was President of Global Field Operations at CA, Inc./CA Technologies since July 26, 2016 until May 3, 2018. He led high-performing teams in all aspects of sales, services, support and operations. He was responsible for revenue across all geographies, business units, channels, digital sales, renewals and services globally. He has a strong background in the technology industry. He served as an Executive Vice President at CA, Inc. since February 2012 until August 2016 and served as Group Executive of Worldwide Sales & Services since January 21, 2014 until August 2016. Mr. Elster served as an Executive Vice President and Group Executive of Mainframe & Customer Success Group at CA, Inc. from February 2012 to January 21, 2014. He was responsible for innovation and growth of CA, Inc. mainframe business and customer success, which includes customer support, portfolio management and integration of acquisitions. In addition, he also leads a business transformation program that focuses on organizational alignment initiatives with CA, Inc. business strategy to meet long-term goals and objectives. Since joining the CA, Inc. in 1999, Mr. Elster held a number of senior management positions, including Executive Vice President of Global Business Organization & Business Transformation from August 2011 to February 2012, General Manager of CA Services, Support & Education from June 2011 to August 2011, Corporate Senior Vice President and General Manager of CA Services from November 2009 to June 2011 and Senior Vice President of Area Sales Manager for the Eastern United States from July 2007 to November 2009. He received a Bachelor of Arts in psychology and his Master of Sciences in management and information systems from New York University.

CEO Compensation
  • Insufficient data for Adam to compare compensation growth.
  • Insufficient data for Adam to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the Majesco management team in years:

2.2
Average Tenure
51.5
Average Age
  • The tenure for the Majesco management team is about average.
Management Team

Kunal Karan

TITLE
Chief Financial Officer
COMPENSATION
$4M
TENURE
3.4 yrs

Farid Kazani

TITLE
MD & Director
COMPENSATION
$23M
AGE
51

Rad Sundar

TITLE
Executive Director
COMPENSATION
$3M
AGE
62
TENURE
0.4 yrs

Adam Elster

TITLE
CEO & Director
AGE
50
TENURE
0.1 yrs

Ed Ossie

TITLE
Chief Operating Officer
COMPENSATION
$23M
AGE
64
TENURE
3.8 yrs

Lori Stanley

TITLE
General Counsel & Company Secretary
COMPENSATION
$14M
AGE
52

Ashwin Rodrigues

TITLE
Director of Global Marketing

Manish Shah

TITLE
Executive Vice President of Products
COMPENSATION
$23M
AGE
47
TENURE
3.4 yrs

Prateek Kumar

TITLE
Executive Vice President and P&C Industry Leader
COMPENSATION
$39M
AGE
42

Mallinath Sengupta

TITLE
Executive VP and Head of P&C Delivery
AGE
57
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Majesco board of directors in years:

3.6
Average Tenure
60
Average Age
  • The tenure for the Majesco board of directors is about average.
Board of Directors

Ketan Mehta

TITLE
Co-Founder & Chairman of the Board
AGE
60
TENURE
0.1 yrs

Farid Kazani

TITLE
MD & Director
COMPENSATION
$23M
AGE
51
TENURE
4.2 yrs

Rad Sundar

TITLE
Executive Director
COMPENSATION
$3M
AGE
62
TENURE
0.4 yrs

Adam Elster

TITLE
CEO & Director
AGE
50
TENURE
0.1 yrs

Madhu Dubhashi

TITLE
Independent Non-Executive Director
COMPENSATION
$570K
AGE
67
TENURE
3.6 yrs

Jyotin Mehta

TITLE
Additional Independent Director
AGE
60

Arun Maheshwari

TITLE
Director
AGE
73
TENURE
3.8 yrs

Atul Kanagat

TITLE
Director
AGE
62
TENURE
6.8 yrs

Rajesh Hukku

TITLE
Director
AGE
60
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 (₹)
17. Apr 18 Sell Sudhakar Ram Individual 16. Apr 18 16. Apr 18 -150,000 ₹520.00 ₹-77,999,993
19. Apr 18 Sell Arun Maheshwari Individual 18. Apr 18 18. Apr 18 -240,000 ₹532.50 ₹-127,799,994
X
Management checks
We assess Majesco'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. Majesco 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.

MJCO News

External News
Loading...
Simply Wall St News

Calculating The Fair Value Of Majesco Limited (NSE:MJCO)

by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Is Majesco Limited's (NSE:MJCO) PE Ratio A Signal To Sell For Investors?

I am writing today to help inform people who are new to the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

Simply Wall St -

Who Owns Most Of Majesco Limited (NSE:MJCO)?

I am going to take a deep dive into Majesco Limited’s (NSE:MJCO) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … NSEI:MJCO Ownership Summary August 1st 18

Simply Wall St -

Does Majesco Limited's (NSE:MJCO) CEO Pay Matter?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

Does Majesco Limited's (NSE:MJCO) PE Ratio Signal A Selling Opportunity?

and want to better understand how you can grow your money by investing in Majesco Limited (NSE:MJCO). … Majesco Limited (NSE:MJCO) trades with a trailing P/E of 180.4x, which is higher than the industry average of 20.7x. … While MJCO 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 -

Was Majesco Limited's (NSE:MJCO) Earnings Decline Part Of A Broader Industry Downturn?

Today I will assess MJCO's recent performance announced on 31 March 2018 and weigh these figures against its long-term trend and industry movements. … Was MJCO's recent earnings decline indicative of a tough track record. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 50.19%, indicating the rate at which MJCO is growing has slowed down

Simply Wall St -

Is It Time To Sell Majesco Limited (NSE:MJCO) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for MJCO Price per share = ₹487.1 Earnings per share = ₹4.069 ∴ Price-Earnings Ratio = ₹487.1 ÷ ₹4.069 = 119.7x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared riskier firms with MJCO, then investors would naturally value MJCO at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with MJCO, investors would also value MJCO at a higher price since it is a higher growth investment.

Simply Wall St -

MJCO Company Info

Map
Description

Majesco Limited, together with its subsidiaries, provides insurance software and IT services in North America, Europe, the Middle East, the Asia Pacific, and internationally. The company offers IT consulting, application development, systems integration, application management outsourcing, testing, data warehousing and business intelligence, CRM, and legacy modernization services. It also provides policy management, billing, claim management, distribution management, data and analytics, enterprise data warehouse, and data extension platform solutions; Majesco Digital1st Insurance, a micro-services based platform solution; and Majesco CloudInsurer, a business platform solution. The company serves insurance carriers in various lines of business, including property and casualty, life, annuity, health, pension, and group and worksite benefits insurance providers. The company was formerly known as Minefields Computers Limited and changed its name to Majesco Limited in June 2015. Majesco Limited was incorporated in 2013 and is based in Navi Mumbai, India.

Details
Name: Majesco Limited
MJCO
Exchange: NSEI
Founded: 2013
₹13,843,568,609
28,289,708
Website: http://www.majesco.com
Address: Majesco Limited
Majesco New Development Centre,
MBP-P–136, 136A,
Navi Mumbai,
Maharashtra, 400710,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 539289 Equity Shares Mumbai Stock Exchange IN INR 19. Aug 2015
NSEI MJCO Equity Shares National Stock Exchange of India IN INR 19. Aug 2015
Number of employees
Current staff
Staff numbers
2,585
Majesco employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/19 02:47
End of day share price update: 2018/11/16 00:00
Last estimates confirmation: 2018/11/06
Last earnings filing: 2018/11/05
Last earnings reported: 2018/09/30
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.