Allsec Technologies Ltd - Stock Valuation and Financial Performance

BSE: 532633 | NSE: ALLSEC | BPO/ITeS | Small Cap

Allsec Tech. Share Price

728 2.55 0.35%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Allsec Tech.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Allsec Technologies stock performance -

mw4me loader
P/E Ratio (SA):
18.52
Market Cap:
1,117.1 Cr.
52-wk low:
420
52-wk high:
895

Is Allsec Technologies Ltd an attractive stock to invest in?

1. Is Allsec Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Allsec Technologies Ltd is a average quality company.

2. Is Allsec Technologies Ltd undervalued or overvalued?

The key valuation ratios of Allsec Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Allsec Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Allsec Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Allsec Tech.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Allsec Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.1%-2%7%16.1%16.1%8%5.2%11.5%60.2%27%-
Value Creation
Index
-0.7-1.1-0.50.20.2-0.4-0.6-0.23.30.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10797.5108116129153201189221279307
Sales YoY Gr.--8.7%11.2%7.2%10.8%18.9%31.4%-6.3%17.3%26.2%-
Adj EPS 2.9-1.85.31416.99.24.610.26228.739.6
YoY Gr.--162.4%NA164.8%20.8%-45.7%-50.1%121.8%510.6%-53.8%-
BVPS (₹) 78.975.181.495.7114.7114.792.3102.6106.3116.8152.5
Adj Net
Profit
4.4-2.78.121.325.814715.594.543.760
Cash Flow from Ops. 12.2-1.419.420.417.619.338.635.433.235.4-
Debt/CF from Ops. 0.1-1.3000.100000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.3%16.7%11.5%26.2%
Adj EPS 29.1%11.1%84.3%-53.8%
BVPS4.5%0.4%8.2%9.9%
Share Price 37.1% 21.2% 33.9% 54.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.7-2.36.815.816.184.410.459.425.729.4
Op. Profit
Mgn %
13.52.71217.318.119.720.519.218.717.818.9
Net Profit
Mgn %
4.1-2.87.418.4209.13.58.242.715.619.7
Debt to
Equity
0000000000-
Working Cap
Days
187206194145113106104128118116100
Cash Conv.
Cycle
4863665947322022241167

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.50%

Net Profit is growing at healthy rate in last 3 years 84.26%

Sales growth is good in last 4 quarters at 17.67%

Return on Equity has declined versus last 3 years average to 29.40%

Latest Financials - Allsec Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 39.6 36.4
TTM Sales (₹ Cr.) 307 448
BVPS (₹.) 152.5 177.6
Reserves (₹ Cr.) 217 255
P/BV 4.81 4.13
PE 18.52 20.17
From the Market
52 Week Low / High (₹) 420.00 / 895.00
All Time Low / High (₹) 9.75 / 895.00
Market Cap (₹ Cr.) 1,117
Equity (₹ Cr.) 15.2
Face Value (₹) 10
Industry PE 61.8

Management X-Ray of Allsec Tech.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Allsec Tech.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales10797108116129153201189221279
Operating Expenses 93959697106123160152180230
Manufacturing Costs1210101091013121722
Material Costs0000000000
Employee Cost 586264657590130117134171
Other Costs 23232222222317242936
Operating Profit 1431319233041364149
Operating Profit Margin (%) 12.8%2.6%11.7%16.5%17.9%19.6%20.4%19.2%18.5%17.6%
Other Income 035557659835
Interest 1111002223
Depreciation 77533415171823
Exceptional Items 00000-13-12000
Profit Before Tax 5-112202520182111958
Tax 003-2-411952212
Profit After Tax 5-292329109169846
PAT Margin (%) 5.1%-1.8%8.7%19.4%22.5%6.2%4.7%8.5%44.1%16.6%
Adjusted EPS (₹)3.6-1.16.214.819.06.26.210.564.030.4
Dividend Payout Ratio (%)0%0%0%0%26%0%0%143%70%66%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 120115124146175175141156162178
Share Capital 15151515151515151515
Reserves 10599109131160160125141147163
Minority Interest0000000000
Debt1100100000
Long Term Debt1100100000
Short Term Debt0100000000
Trade Payables74344919162233
Others Liabilities 6882-7-615193947
Total Liabilities 134127135152173179174192223258

Fixed Assets

Gross Block93909111172239446391
Accumulated Depreciation758183371114172041
Net Fixed Assets18978101225274351
CWIP 00000001812
Investments 62536710310910544605757
Inventories0000000000
Trade Receivables23232423232333354443
Cash Equivalents 6472141538393740
Others Assets25382916182433313456
Total Assets 134127135152173179174192223258

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 12-11920181939353335
PBT 5-112202520182111958
Adjustment 11411-1102316-76-7
Changes in Working Capital -2-5100-110-7-3-7
Tax Paid -214-1-7-10-135-7-9
Cash Flow From Investing Activity -141-15-22-6-927-207313
Capex -2-2-3-4-6-6-2-6-12-14
Net Investments -110-14-31-7-429-1473
Others -11-721270007925
Cash Flow From Financing Activity 00-100-10-43-14-108-47
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00000-9-2-2-2-3
Dividend Paid 000000-180-91-30
Others 01-1000-23-12-15-14
Net Cash Flow -203-2120221-11
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.62-1.487.9516.7118.095.445.9910.7661.2727.24
ROCE (%)5.22-0.6210.7815.5315.5311.5912.6715.7976.1635.93
Asset Turnover Ratio0.810.750.830.810.790.871.141.031.071.16
PAT to CFO Conversion(x)2.4N/A2.110.870.621.94.332.190.340.76
Working Capital Days
Receivable Days80878075655552666557
Inventory Days0000000000
Payable Days0000000000

Allsec Technologies Ltd Stock News

Allsec Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Allsec Tech. on 28-Mar-2024 16:01 is ₹728.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Allsec Tech. stood at ₹1,117.1.
The latest P/E ratio of Allsec Tech. as of 28-Mar-2024 16:01 is 18.52.
The latest P/B ratio of Allsec Tech. as of 28-Mar-2024 16:01 is 4.81.
The 52-week high of Allsec Tech. is ₹895.0 and the 52-week low is ₹420.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Allsec Tech. is ₹306.8 ( Cr.) .

About Allsec Technologies Ltd

Allsec Technologies was incorporated on August 24 1998 as a limited company under the Companies Act 1956. The Allsec head office and registered office is located at Chennai, India

The company is engaged in the business of providing IT enabled services. The services provided by the company include data verification processing of orders received through telephone calls, telemarketing monitoring quality of calls of other call centers customer services and HR and payroll processing for domestic companies. The company has also invested in a wholly-owned subsidiary in USA for the purpose of carrying out marketing activities for the company.

Allsec Technologies Limited is a BPO with multiple delivery centers in India and Philippines, supporting a global clientele. It offers voice and non- voice services with world class back office acumen. The company  has domestic service delivery facilities in over ten locations within India. The total capacity is over 4,000 seats across all locations. Allsec is a premier provider of client services support, technical support, quality assurance, sales, collections, customer satisfaction, payroll solutions, web development services and e-mail & chat support.

Activities of the company:

  • To design, develop, market and implement computer software packages for clients in India and abroad and to acquire the necessary equipments -- hardware and software and related know-how locally or from overseas.
  • To offer and undertake professional services in India and abroad in the areas of management computer and information technology and communication services, database services, internet and intranet services including consultancy system study and analysis recruitment training placements information processing maintenance and ail other services arising out of technological advancements in these areas.
  • To buy, sell, market, lease or deal in all manner computer hardware, software, peripherals, communication equipments, computer accessories, training materials, components, spare parts and other electronic items in India and abroad including internet and intranet systems satellites and the like and such other products arising out of technological advancements in these areas.
  • To engage in research and development activities relating to management, computer and information technology areas.

Services offered:

  • Banking, financial services, and insurance -- for acquisition, retention, and collection
  • Collections -- for account payables & receivables
  • Technical Support -- for sign-up & troubleshooting services
  • Student Loan Consolidation
  • Payroll processing & Claims Management
  • Quality Assurance - provides quality assurance of voice and email service across multiple business segments

Milestones Reached:

  • August 1998 - Incorporation of the company
  • February-July 2000 - Setting up of 100 seat facility at R A Puram, Chennai.
  • September 2000 - First round of venture capital funding from IDBI
  • September 2000 - Incorporation of Allsec Tech Inc, a 100% owned subsidiary in USA
  • November 2000 - Contracted with first client
  • January 2001 - Commercial outsourcing operation started at R A Puram facility
  • February 2001 - Entered into outsourcing contract with CompuCredit
  • March 2001-  Onwards started operation for CompuCredit processes
  • August 2001 - Setting up of TNPL facility
  • October 2001 onwards - Commencement of processes in TNPL facility
  • March 2002 - Second round of funding
  • March-August 2002 - Expansion of R A Puram facility from 100 seats to 150 seats completed and facility was operational immediately
  • April 2002 - Setting up of 400 seats at Velachery Chennai.
  • September 2002 onwards - Commencement of quality assurance pilot process for a Fortune 100 PC manufacturing company.
  • January 2003 - Ramp up of quality assurance process
  • January 2003 - Received ISO 9001:2000 certification
  • November 2003 - Strategic alliance with CompuCredit
  • December 2003 - HR payroll processing for a global IT consulting company India
  • March 2004 - First technical support process started
  • January 2005 - Revised strategic agreement with CompuCredit.
  • 2005 - Allsec Technologies acquires Bangalore-based B2K Corporation
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