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Silver Touch Technologies

NSEI:SILVERTUC
Snowflake Description

Flawless balance sheet with questionable track record.

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

Silver Touch Technologies Limited provides information technology (IT) solutions in India and internationally. The last earnings update was 299 days ago. More info.


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SILVERTUC Share Price and Events
7 Day Returns
1.8%
NSEI:SILVERTUC
2.6%
IN IT
1.1%
IN Market
1 Year Returns
-2%
NSEI:SILVERTUC
25.3%
IN IT
-0.9%
IN Market
SILVERTUC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Silver Touch Technologies (SILVERTUC) 1.8% 2% 0.4% -2% - -
IN IT 2.6% 4.7% 8.9% 25.3% 48.1% 80%
IN Market 1.1% 1.8% 5.7% -0.9% 41% 72.2%
1 Year Return vs Industry and Market
  • SILVERTUC underperformed the IT industry which returned 25.3% over the past year.
  • SILVERTUC underperformed the Market in India which returned -0.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

SILVERTUC Value

 Is Silver Touch Technologies 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 Silver Touch Technologies 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 Silver Touch Technologies.

NSEI:SILVERTUC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

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:SILVERTUC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 35%) (1.68%))
1.044
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.044 * 8.6%)
16.53%

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

The calculations below outline how an intrinsic value for Silver Touch Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:SILVERTUC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.53%)
2019 19.81 Est @ -52.64% 17.00
2020 12.96 Est @ -34.58% 9.54
2021 10.11 Est @ -21.94% 6.39
2022 8.79 Est @ -13.1% 4.77
2023 8.18 Est @ -6.9% 3.81
2024 7.97 Est @ -2.57% 3.18
2025 8.01 Est @ 0.47% 2.75
2026 8.22 Est @ 2.59% 2.42
2027 8.55 Est @ 4.08% 2.16
2028 8.99 Est @ 5.12% 1.95
Present value of next 10 years cash flows ₹53.96
NSEI:SILVERTUC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹8.99 × (1 + 7.55%) ÷ (16.53% – 7.55%)
₹107.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹107.69 ÷ (1 + 16.53%)10
₹23.32
NSEI:SILVERTUC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹53.96 + ₹23.32
₹77.28
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹77.28 / 12.60
₹6.14
NSEI:SILVERTUC Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹6.14
Current discount Discount to share price of ₹124.50
= -1 x (₹124.50 - ₹6.14) / ₹6.14
-1929.1%

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

  • The current share price of Silver Touch Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Silver Touch Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Silver Touch Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SILVERTUC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹6.79
NSEI:SILVERTUC Share Price ** NSEI (2019-04-15) in INR ₹124.5
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.19x
India Market PE Ratio Median Figure of 2,736 Publicly-Listed Companies 16.34x

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

** Primary Listing of Silver Touch Technologies.

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

= NSEI:SILVERTUC Share Price ÷ EPS (both in INR)

= 124.5 ÷ 6.79

18.33x

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

  • Silver Touch Technologies is overvalued based on earnings compared to the IN IT industry average.
  • Silver Touch Technologies is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Silver Touch Technologies's expected growth come at a high price?
Raw Data
NSEI:SILVERTUC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6.5%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.32x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Silver Touch Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Silver Touch Technologies's assets?
Raw Data
NSEI:SILVERTUC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹51.69
NSEI:SILVERTUC Share Price * NSEI (2019-04-15) in INR ₹124.5
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.36x
India Market PB Ratio Median Figure of 3,627 Publicly-Listed Companies 1.11x
NSEI:SILVERTUC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:SILVERTUC Share Price ÷ Book Value per Share (both in INR)

= 124.5 ÷ 51.69

2.41x

* Primary Listing of Silver Touch Technologies.

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

  • Silver Touch Technologies is overvalued based on assets compared to the IN IT industry average.
X
Value checks
We assess Silver Touch Technologies'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. Silver Touch Technologies 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.

SILVERTUC Future Performance

 How is Silver Touch Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Silver Touch Technologies, future earnings growth has been estimated based on fundamentals.
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
6.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Silver Touch Technologies expected to grow at an attractive rate?
  • Silver Touch Technologies's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Silver Touch Technologies's earnings growth is positive but not above the India market average.
  • Unable to compare Silver Touch Technologies's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:SILVERTUC Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:SILVERTUC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.5%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*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:SILVERTUC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SILVERTUC Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 1,724 83 82
2017-03-31 1,230 125 41
2016-03-31 1,403 51 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Silver Touch Technologies's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Silver Touch Technologies is high growth as no revenue estimate data is available.
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:SILVERTUC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

NSEI:SILVERTUC Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 6.79
2017-03-31 3.62
2016-03-31 2.74

*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.
  • Unable to establish if Silver Touch Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Silver Touch Technologies'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.
Silver Touch Technologies has a total score of 0/6, 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.

SILVERTUC Past Performance

  How has Silver Touch Technologies performed over the past 5 years?

  • Silver Touch Technologies's last earnings update was 299 days ago.
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 Silver Touch Technologies's growth in the last year to its industry (IT).
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.
  • Insufficient data to establish if Silver Touch Technologies's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Silver Touch Technologies's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Silver Touch Technologies's earnings growth has exceeded the IN IT industry average in the past year (103.4% vs 24.5%).
Earnings and Revenue History
Silver Touch Technologies'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 Silver Touch Technologies Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SILVERTUC Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 1,723.58 82.37 105.68
2017-03-31 1,229.64 40.51 152.71
2016-03-31 1,402.86 30.63 105.54
2015-03-31 1,168.49 26.09 118.61
2014-03-31 1,090.25 61.24 229.40
2013-03-31 823.51 46.40 116.20

*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.
  • Silver Touch Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Silver Touch Technologies used its assets less efficiently than the IN IT industry average last year based on Return on Assets.
  • Silver Touch Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Silver Touch Technologies'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 IT 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.
Silver Touch Technologies 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.

SILVERTUC Health

 How is Silver Touch Technologies'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 Silver Touch Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Silver Touch Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Silver Touch Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Silver Touch Technologies'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 35.2x 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 Silver Touch Technologies Company Filings, last reported 1 year ago.

NSEI:SILVERTUC Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 650.98 26.33 137.64
2017-03-31 420.80 168.92 61.65
2016-03-31 383.66 234.11 55.04
2015-03-31 358.20 220.82 72.65
2014-03-31 341.61 125.35 57.51
2013-03-31 284.58 51.39 50.24
  • Silver Touch Technologies's level of debt (4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (18.1% vs 4% today).
  • Debt is well covered by operating cash flow (316.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 500.9x coverage).
X
Financial health checks
We assess Silver Touch Technologies'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. Silver Touch Technologies has a total score of 6/6, 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.

SILVERTUC Dividends

 What is Silver Touch Technologies'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
0.4%
Current annual income from Silver Touch Technologies dividends.
If you bought ₹2,000 of Silver Touch Technologies shares you are expected to receive ₹8 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?
  • Silver Touch Technologies's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Silver Touch Technologies's dividend is below the markets top 25% of dividend payers in India (1.94%).
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:SILVERTUC 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 0 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

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

NSEI:SILVERTUC Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-06-25 0.500 0.406
2018-06-22 0.500 0.413
2018-01-24 0.250 0.205

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

  • It is too early to tell whether Silver Touch Technologies has stable dividend payments.
  • Silver Touch Technologies only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Silver Touch Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (13.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Silver Touch Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - 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 Silver Touch Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Silver Touch Technologies has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SILVERTUC Management

 What is the CEO of Silver Touch Technologies'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
Vipul Thakkar
COMPENSATION ₹4,080,000
AGE 48
CEO Bio

Mr. Vipul Haridas Thakkar serves as the Chairman of the Board and Managing Director of Silver Touch Technologies Ltd. He is a Computer Engineer with more than 14 year experience in IT. He having started his career with Zenith Ltd., a leading Computer Hardware company, soon decided to start his own venture. He has founded company in 1992 with likeminded friends, Mr. Jignesh Patel, Mr. Minesh Doshi and Mr. Palak Shah and turned his dreams into reality by forming the ‘Core Silver Touch Group’ for deliverance in IT Solutions and Services.

CEO Compensation
  • Insufficient data for Vipul to compare compensation growth.
  • Vipul's remuneration is higher than average for companies of similar size in India.
Management Team

Vipul Thakkar

TITLE
Chairman & Managing Director
COMPENSATION
₹4M
AGE
48

Palak Shah

TITLE
Whole Time Director & CFO
COMPENSATION
₹4M
AGE
48
TENURE
2 yrs

Jignesh Patel

TITLE
Director of Operations & Whole Time Director
COMPENSATION
₹4M
AGE
47

Minesh Doshi

TITLE
Director of Technical & Whole Time Director
COMPENSATION
₹4M
AGE
48

Dipesh Solanki

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹264K
TENURE
1.5 yrs

Himanshu Jain

TITLE
Director of North India Operations & Whole Time Director
COMPENSATION
₹2M
AGE
48

Vijaykumar Shah

TITLE
Director of SAP & Whole Time Director
COMPENSATION
₹2M
AGE
54

Paulin Shah

TITLE
Senior Manager of Accounts & Finance

Naimesh Nayak

TITLE
Head of Human Resources

Mihir Joshi

TITLE
Senior Vice President of Business Development
Board of Directors Tenure

Average tenure and age of the Silver Touch Technologies board of directors in years:

2
Average Tenure
48
Average Age
  • The average tenure for the Silver Touch Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Vipul Thakkar

TITLE
Chairman & Managing Director
COMPENSATION
₹4M
AGE
48

Palak Shah

TITLE
Whole Time Director & CFO
COMPENSATION
₹4M
AGE
48

Jignesh Patel

TITLE
Director of Operations & Whole Time Director
COMPENSATION
₹4M
AGE
47

Minesh Doshi

TITLE
Director of Technical & Whole Time Director
COMPENSATION
₹4M
AGE
48
TENURE
2 yrs

Himanshu Jain

TITLE
Director of North India Operations & Whole Time Director
COMPENSATION
₹2M
AGE
48

Vijaykumar Shah

TITLE
Director of SAP & Whole Time Director
COMPENSATION
₹2M
AGE
54
TENURE
1.8 yrs

Ronak Shah

TITLE
Non Executive Independent Director
AGE
44

Gayatri Doctor

TITLE
Non Executive Independent Director
AGE
54
TENURE
5 yrs

Harivadan Thaker

TITLE
Non Executive Independent Director
AGE
66
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Silver Touch Technologies insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
06. Feb 19 Buy Namrata Shah Individual 05. Feb 19 05. Feb 19 15,000 ₹124.41 ₹1,866,150
03. Dec 18 Buy Namrata Shah Individual 31. Oct 18 31. Oct 18 16,000 ₹121.96 ₹1,951,322
03. Jul 18 Buy Vipul Thakkar Individual 02. Jul 18 02. Jul 18 9,000 ₹121.00 ₹1,089,000
12. Jun 18 Buy Minesh Doshi Individual 12. Jun 18 12. Jun 18 34,000 ₹121.04 ₹4,115,198
11. Jun 18 Buy Minesh Doshi Individual 11. Jun 18 11. Jun 18 55,000 ₹121.05 ₹6,657,547
08. Jun 18 Buy Minesh Doshi Individual 08. Jun 18 08. Jun 18 61,000 ₹121.05 ₹7,384,046
07. Jun 18 Buy Jignesh Patel Individual 07. Jun 18 07. Jun 18 61,000 ₹121.21 ₹7,393,808
06. Jun 18 Buy Jignesh Patel Individual 04. Jun 18 05. Jun 18 38,000 ₹121.17 ₹4,599,156
06. Jun 18 Buy Vipul Thakkar Individual 04. Jun 18 05. Jun 18 91,000 ₹121.19 ₹11,022,305
04. Jun 18 Buy Palak Shah Individual 04. Jun 18 04. Jun 18 50,000 ₹121.05 ₹6,052,498
02. Jun 18 Buy Jignesh Patel Individual 01. Jun 18 01. Jun 18 61,000 ₹123.00 ₹7,502,998
02. Jun 18 Buy Vipul Thakkar Individual 01. Jun 18 01. Jun 18 59,000 ₹123.25 ₹7,271,747
X
Management checks
We assess Silver Touch Technologies'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. Silver Touch Technologies 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.

SILVERTUC News

Simply Wall St News

Who Has Been Buying Silver Touch Technologies Limited (NSE:SILVERTUC) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Silver Touch Technologies Limited (NSE:SILVERTUC). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'.

Simply Wall St -

Could Silver Touch Technologies Limited's (NSE:SILVERTUC) Investor Composition Influence The Stock Price?

If you want to know who really controls Silver Touch Technologies Limited (NSE:SILVERTUC), then you'll have to look at the makeup of its share registry. … Silver Touch Technologies is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Why We Like Silver Touch Technologies Limited’s (NSE:SILVERTUC) 21% Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Are Insiders Buying Silver Touch Technologies Limited (NSE:SILVERTUC) Stock?

So we'll take a look at whether insiders have been buying or selling shares in Silver Touch Technologies Limited (NSE:SILVERTUC). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In total, Silver Touch Technologies insiders bought more than they sold over the last year

Simply Wall St -

What Kind Of Investor Owns Most Of Silver Touch Technologies Limited (NSE:SILVERTUC)?

The big shareholder groups in Silver Touch Technologies Limited (NSE:SILVERTUC) have power over the company. … Silver Touch Technologies is not a large company by global standards. … Check out our latest analysis for Silver Touch Technologies

Simply Wall St -

Should You Be Happy With Silver Touch Technologies Limited's (NSE:SILVERTUC) Performance Lately?

Assessing Silver Touch Technologies Limited's (NSE:SILVERTUC) past track record of performance is a valuable exercise for investors. … Today I will assess SILVERTUC's recent performance announced on 31 March 2018 and evaluate these figures to its longer term trend and industry movements. … Commentary On SILVERTUC's Past Performance

Simply Wall St -

Who Are The Major Shareholders Of Silver Touch Technologies Limited (NSE:SILVERTUC)?

In this article, I will take a quick look at Silver Touch Technologies Limited’s (NSE:SILVERTUC) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Therefore, it is beneficial for us to examine SILVERTUC's ownership structure in more detail.

Simply Wall St -

Will Silver Touch Technologies Limited (NSE:SILVERTUC) Continue To Underperform Its Industry?

and want a simplistic look at the return on Silver Touch Technologies Limited (NSE:SILVERTUC) stock. … Silver Touch Technologies Limited (NSE:SILVERTUC) delivered a less impressive 9.63% ROE over the past year, compared to the 12.96% return generated by its industry. … Though SILVERTUC's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted.

Simply Wall St -

Is It Time To Sell Silver Touch Technologies Limited (NSE:SILVERTUC) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SILVERTUC Price per share = ₹123 Earnings per share = ₹3.62 ∴ Price-Earnings Ratio = ₹123 ÷ ₹3.62 = 34x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with SILVERTUC, then SILVERTUC’s P/E would naturally be higher since investors would reward SILVERTUC’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with SILVERTUC, SILVERTUC’s P/E would again be higher since investors would reward SILVERTUC’s lower risk with a higher price as well.

Simply Wall St -

Has Silver Touch Technologies Limited (NSE:SILVERTUC) Improved Earnings Growth In Recent Times?

View our latest analysis for Silver Touch Technologies Did SILVERTUC beat its long-term earnings growth trend and its industry? … For Silver Touch Technologies, its most recent bottom-line (trailing twelve month) is ₹40.51M, which, in comparison to last year’s figure, has moved up by 32.26%. … Since these values are somewhat nearsighted, I have created an annualized five-year value for SILVERTUC's earnings, which stands at ₹40.97M This means even though earnings growth from last year was positive, over a longer period of time, Silver Touch Technologies's earnings have been declining on average.

Simply Wall St -

SILVERTUC Company Info

Description

Silver Touch Technologies Limited provides information technology (IT) solutions in India and internationally. It offers solutions in the areas of software development, outsourcing, IT infrastructure, web design and development, enterprise resource planning, Internet of Things, workforce portability, and mobile app development. The company also information security, content management, strategic backup strategy, product development, cloud computing, software asset management, application performance optimization, and green data center consulting services. In addition, it offers technology services in the areas of front-end development, ASP.NET MVC framework, JAVA frameworks, magneto development, big data, PHP frameworks, and joomla development. Further, the company provides e-governance services, such as government to customer, government solutions, roll outs, and Web portals; and digital transformation. The company was formerly known as Silver Touch Computers Limited and changed its name to Silver Touch Technologies Limited in October 2004. Silver Touch Technologies Limited was founded in 1992 and is headquartered in Ahmedabad, India.

Details
Name: Silver Touch Technologies Limited
SILVERTUC
Exchange: NSEI
Founded: 1992
₹1,568,077,500
12,595,000
Website: http://www.silvertouch.com
Address: Silver Touch Technologies Limited
Saffron Tower,
2nd Floor,
Ahmedabad,
Gujarat, 380006,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI SILVERTUC Equity Shares National Stock Exchange of India IN INR 24. Jan 2018
Number of employees
Current staff
Staff numbers
0
Silver Touch Technologies employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 13:02
End of day share price update: 2019/04/15 00:00
Last earnings filing: 2018/06/24
Last earnings reported: 2018/03/31
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.