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Zicom Electronic Security Systems Ltd. Stock Analysis

Small Cap
Evaluated by 482 users | BSE: 531404 | NSE: ZICOM |
Electronics - Components
Zicom Electronic Security Systems (ZESSL) incorporated in 1994, is engaged in the business of developing security systems. ZESSL is popularly known as Zicom. The company offers surveillance systems that cater to the security needs of small, medium and large enterprise.Being the largest...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 8.4%-0.01%5.77%7.8%8.8%8.19%4.32%-9.42%-89.11%-118.17%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 245116219266323384423202388.8
Y-o-Y Gr. Rt.--52.7%89.6%21.4%21.3%18.7%10.3%-52.3%-81.2%-76.8%
Adjusted EPS (Rs.) 4.86-4.974.364.86.75.60.9-14.99-54.66-10.57
Y-o-Y Gr. Rt.--202.3%NA10.1%39.6%-16.4%-83.9%-1765.6%NANA
Book Value per Share (Rs.) 88.4298.73100.3789.6991.44104.19104.4459.86-29.27-29.67
Adjusted Net Profit 6.2-6.35.58.211.811.31.8-61.8-225-43.6
Net Op. Cash Flow (Rs. Cr.) 37.3-1028.222.710.9-7.616.4-73.8-19162.1
Debt to Cash Flow from Ops 3.4-0.636.532.085.63-11.928.77-2.35-0.992.04
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Zicom Electronic Security Systems Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -30.9%-51.3%-72.5%-76.8%
Adjusted EPS -209%-209.6%-327.3%NA
Book Value per Share -188.6-179.8-165.70
Share Price -26% -56.3% -55.2% -5.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 5.46-5.314.385.827.516.020.85-26.76-357.3535.87
Operating Profit Margin (%) 10.990.8211.239.518.088.33.01-17.61-400.89-715.06
Net Profit Margin (%) 2.52-5.462.523.063.652.950.43-30.62-592.61-493.54
Debt to Equity 1.130.510.420.310.380.430.680.7-1.57-1.04
Working Capital Days 2084331931771741992496492,2411,940
Cash Conversion Cycle 74127879994106125254-63694
Entity Percentage Holding
Promoters 4.38%
Institutions 50.94%
Non-Institutions 44.68%
Pledged *92.2490.2081.3651.1851.1851.1851.1851.1851.1851.26
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Zicom Electronic Security Systems Ltd.'s performance infers:

Zicom Electronic Security Systems Ltd. earnings have declined by -209.6%, whereas share price has depreciated -56.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Zicom Electronic Security Systems Ltd. share prices over the last 10 years. Here is what we found out:

Zicom Electronic Security Systems Ltd. share price has depreciated -28% annually over the past ten years.

Zicom Electronic Security Systems (ZESSL) incorporated in 1994, is engaged in the business of developing security systems. ZESSL is popularly known as Zicom. The company offers surveillance systems that cater to the security needs of small, medium and large enterprise.

Being the largest electronic security systems provider in India, the company has offices located in over 30 cities and town. It has an

Zicom Electronic Security Systems (ZESSL) incorporated in 1994, is engaged in the business of developing security systems. ZESSL is popularly known as Zicom. The company offers surveillance systems that cater to the security needs of small, medium and large enterprise.

Being the largest electronic security systems provider in India, the company has offices located in over 30 cities and town. It has an employee strength of 400 people.

The company have wholly owned subsidiaries Zicom Retail Products (ZRPPL), UNISAFE Fire Protection Specialists LLC, Dubai and Zicom Manufacturing Co. (HK).

Zicom Manufacturing Co. (HK) is set up in Hong Kong with an objective to trade internationally, explore and manage manufacturing facilities at China, Korea and Taiwan.

Company has clientele namely Johnson and Johnson, Ranbaxy Laboratories, Ashok Leyland, Star India, iflex Solutions, Reliance Retail, BPL Mobile Cellular, Microsoft India (R&D), Kingfisher Airlines are among others.

The company is also part of international project namely A3 lumeirah Lake lowers, The Palm lumeirah phase II & Crescent

Infrastructure, Alwaqra Hospital for Hamad Medical Corp, Daman Building Project Dubai, votes Limited-Al-Ethihad Towers are among others.

Milestones

1994- Zicom Electronic Security Systems was incorporated.

1995- Zicom was first electronic security systems company in India to get listed on Indian stock exchanges.

1996- ZESSL installed first central monitoring station in India.

1997- The company became first to indigenously manufacture access controller and fire alarm panel with inherent software capabilities.

1998- The company was first to launch wireless security systems in India.

1999- ZESSL widens its 24x7 Online Alerts Network to various cities.

2000- Zicom entered into agreement with Motorola and Schlumberger for smart card business.

2002- The company received the Computer Associates, US Smart certification for intelligent Door Controller. The same year, it became the first to manufacture Biometric based Access Control System integrated with Smart Cards.

2003- It was the first company in Electronic Security Industry in India to start a Toll Free Number, 1600 22 4567.

2004- The company became the first to launch service scheme 'Z-Security'.

2005- It entered in joint venture in UAE in order to foray international markets.

2006- Zicom became 1st in India to launch Retail Electronic Security Showrooms that has a pan-India presence.

2007- Company increased its capacity by acquiring UNISAFE Fire Protection Specialists LLC, Dubai.

2008- Company formed a joint venture with CNA Group to form Zicom CNA Automation, an expert in Integrated Building Management System and connected real estate

2011 - Zicom Electronic Security Systems introduced its new business unit Zicom SaaS (Security as a Service)
Zicom launches Qube Camera, a security device for the comestic sphere
2012 - Zicom offers new Colour Video Door Phone.
Brand of excellence award from VAR India
Zicom bags the “Brand Excellence Award” at the 10th Infotech Forum
2013 - Zicom bags Channel Leadership Award 2013
2014 - Zicom wins ‘Best Security Application in Retail’ award

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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