BSE:511187

Stock Analysis Report

Millennium Online Solutions (India)

Executive Summary

Millennium Online Solutions (India) Limited engages in the wholesale of computer and computer peripheral equipment in India.

Risk Analysis

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue (₹59M)

Does not have a meaningful market cap (₹36M)

Currently unprofitable and not forecast to become profitable over the next 3 years



Snowflake Analysis

Excellent balance sheet with weak fundamentals.

Share Price & News

How has Millennium Online Solutions (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 511187 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

511187

2.9%

IN Electronic

1.9%

IN Market


1 Year Return

n/a

511187

20.0%

IN Electronic

8.1%

IN Market

Return vs Industry: Insufficient data to determine how 511187 performed against the Indian Electronic industry.

Return vs Market: Insufficient data to determine how 511187 performed against the Indian Market.


Shareholder returns

511187IndustryMarket
7 Day0%2.9%1.9%
30 Day0%3.8%3.3%
90 Dayn/a0.3%6.5%
1 Yearn/a21.0%20.0%10.1%8.1%
3 Year-79.7%-79.7%83.8%78.3%35.1%28.0%
5 Year-7.0%-7.0%69.8%62.8%36.6%24.2%

Price Volatility Vs. Market

How volatile is Millennium Online Solutions (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Millennium Online Solutions (India) undervalued compared to its fair value and its price relative to the market?

0.96x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 511187 (₹0.72) is trading above our estimate of fair value (₹0.26)

Significantly Below Fair Value: 511187 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 511187 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: 511187 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 511187's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 511187 is overvalued based on its PB Ratio (1x) compared to the IN Electronic industry average (0.7x).


Next Steps

Future Growth

How is Millennium Online Solutions (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.6%

Forecasted Tech 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 Millennium Online Solutions (India) 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 Millennium Online Solutions (India) performed over the past 5 years?

31.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 511187 is currently unprofitable.

Growing Profit Margin: 511187 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 511187 is unprofitable, but has reduced losses over the past 5 years at a rate of 31.4% per year.

Accelerating Growth: Unable to compare 511187's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 511187 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (15.8%).


Return on Equity

High ROE: 511187 has a negative Return on Equity (-0.45%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Millennium Online Solutions (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: 511187's short term assets (₹59.7M) exceed its short term liabilities (₹22.7M).

Long Term Liabilities: 511187's short term assets (₹59.7M) exceed its long term liabilities (₹18.7M).


Debt to Equity History and Analysis

Debt Level: 511187's debt to equity ratio (35.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 511187's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: 511187 has a high level of physical assets or inventory.

Debt Coverage by Assets: 511187's debt is covered by short term assets (assets are 3.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 511187 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 511187 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.7% per year.


Next Steps

Dividend

What is Millennium Online Solutions (India)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.2%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 511187's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 511187'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 511187's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 511187'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 511187's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Millennium Online Solutions (India)'s salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average board tenure


CEO

Neeraj Gupta (46yo)

7.4yrs

Tenure

0

Mr. Neeraj Gupta has been the Managing Director of Millennium Online Solutions (India) Limited (alternate name: Mahamaya Investments Limited) since August 14, 2012 and served as its Compliance Officer sinc ...


Board Age and Tenure

2.3yrs

Average Tenure

35yo

Average Age

Experienced Board: 511187's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

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 substantially diluted in the past year, with total shares outstanding growing by 136.7%.


Management Team

  • Harilal Faran (36yo)

    CFO & Whole-Time Director

    • Neeraj Gupta (46yo)

      Chairman & MD

      • Tenure: 7.4yrs
    • Harshal Agrawal

      Company Secretary & Compliance Officer

      • Tenure: 0.7yrs

    Board Members

    • Harilal Faran (36yo)

      CFO & Whole-Time Director

      • Neeraj Gupta (46yo)

        Chairman & MD

        • Tenure: 7.4yrs
      • Nikunj Pancholi (32yo)

        Additional Non-Executive and Independent Director

        • Tenure: 0.8yrs
      • Jayshree Gupta

        Non-Executive Director

        • Tenure: 4.8yrs
      • Manoj Prasad

        Independent Non-Executive Director

        • Tenure: 3.9yrs
      • Kashish Lakhani (34yo)

        Additional Non-Executive & Independent Director

        • Tenure: 0.8yrs

      Company Information

      Millennium Online Solutions (India) Limited's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Millennium Online Solutions (India) Limited
      • Ticker: 511187
      • Exchange: BSE
      • Founded: 1980
      • Industry: Technology Distributors
      • Sector: Tech
      • Market Cap: ₹36.014m
      • Shares outstanding: 50.02m
      • Website: https://www.mosil.co

      Location

      • Millennium Online Solutions (India) Limited
      • 208-209-Regent Square
      • Above D-Mart, Near Mahalaxmi Temple
      • Surat
      • Gujarat
      • 395009
      • India

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      511187BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2012

      Biography

      Millennium Online Solutions (India) Limited engages in the wholesale of computer and computer peripheral equipment in India. The company was formerly known as Mahamaya Investments Limited and changed its name to Millennium Online Solutions (India) Limited in June 2013. Millennium Online Solutions (India) Limited was incorporated in 1980 and is based in Surat, India. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/19 12:32
      End of Day Share Price2019/12/18 00:00
      Earnings2019/09/30
      Annual Earnings2019/03/31


      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.