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IO System Ltd. Stock Analysis

Small Cap
Evaluated by 15 users | BSE: 523752 | NSE: |
Engineering - Industrial Equipments
IO System was incorporated on May 25, 1987. The company has been engaged in the business of office automation products procured from leading sources across the world and is now restructuring activities. The company was earlier known as Spice Systems and it got its present name with effect from...

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 -41.85%-290.3%-247.81%-301.92%-630.66%687.33%1675.36%-2052.47%301.65%125.49%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 0000000000
Y-o-Y Gr. Rt.-NANANANANANANANANA
Adjusted EPS (Rs.) -0.29-0.53-0.21-0.25-0.31-0.31-0.47-0.51-0.56-0.55
Y-o-Y Gr. Rt.-NANANANANANANANANA
Book Value per Share (Rs.) -0.3-0.83-1.04-1.29-1.6-1.91-2.38-2.89-3.45-4
Adjusted Net Profit -0.5-0.9-0.4-0.4-0.5-0.5-0.8-0.9-1-0.9
Net Op. Cash Flow (Rs. Cr.) 0.3-0.4-0.1-0.2-0.2-0.1-0.6-0.50-0.4
Debt to Cash Flow from Ops 2.89-3.39-14.32-13.71-12.63-27.53-6.63-10.772,334.46-16.65
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.
IO System Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NANANANA
Adjusted EPS NANANANA
Book Value per Share 0000
Share Price -21.4% 5% -3.1% 74.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 85.8894.4722.4221.4321.6217.6721.9819.3517.8314.65
Operating Profit Margin (%) 0000000000
Net Profit Margin (%) 0000000000
Debt to Equity -1.82-1.07-1.04-1.04-1-0.97-1.01-1-0.93-0.94
Working Capital Days 0000000000
Cash Conversion Cycle 0000000000
Entity Percentage Holding
Promoters 75.00%
Non-Institutions 25.00%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of IO System's performance infers:

IO System earnings have grown by 0%, whereas share price has appreciated 5% 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 IO System share prices over the last 10 years. Here is what we found out:

IO System share price has appreciated -19.1% annually over the past ten years.

IO System was incorporated on May 25, 1987. The company has been engaged in the business of office automation products procured from leading sources across the world and is now restructuring activities. The company was earlier known as Spice Systems and it got its present name with effect from May 25, 2007.

The company is part of B.K. Modi’s Spice group, which includes Spice Global; Spice Televentures consisting of Hot Spot Retails, Hot Spot Distribution, Cellebrum Tech, Mobisoc,

IO System was incorporated on May 25, 1987. The company has been engaged in the business of office automation products procured from leading sources across the world and is now restructuring activities. The company was earlier known as Spice Systems and it got its present name with effect from May 25, 2007.

The company is part of B.K. Modi’s Spice group, which includes Spice Global; Spice Televentures consisting of Hot Spot Retails, Hot Spot Distribution, Cellebrum Tech, Mobisoc, Spice Mobiles, Omnia BPO, and Bharat BPO; Spice Entertainment with Bougainvillea Entertainment (Multiplex), Spice Restaurants, Nik Travels, Ace Airways, and Buddha Film; Spice Finance consisting of 21st Century Capital; Spice Technology including First Choice Enterprises; and Spice Foundation with GM Modi Hospital, Poorna Holistic, Ekal Vidyalaya DMA Schools, Artwala and Spice Sangam.

Spice Systems has been recognized as a leader in providing State of the Art products in Office Automation from leading sources in the world.  The prices and margins of most of the products have dropped substantially. This has resulted in major players reducing their focus on this product line and shifting to other product lines.  This has happened due to the easy and cheap availability of products from countries like China, Taiwan and Korea etc.etc.  With such low market size, it was not viable to continue with this business, hence it was decided by the Management to hive off this business.

Business areas of the company:

The company generate its income from the sale of laminators, shredders and comb binding systems, service revenue, and related supplies. The company has disposed off its manufacturing facilities and is looking at a new line of business.

Milestones:

  • 1987 The Company was incorporated on 25th May, and received the certificate of commencement of business on 20th October.  GBC Hi-Tech (India) Limited is a Public Limited Company. The Company is engaged principally in the manufacture and distribution of Punching & Binding Machines, Laminating Machines and the related Supplies and Parts. The Company has been promoted by Veena Modi and others of Indian Management Advisors & Leasing in Collaboration with General Binding Corporation, USA. 
  • 1991 The Company entered into Technical know-how and Trade mark Licence Agreement on January 19, 1988 with General Binding Corporation, USA, who is world leaders in Spiral Punching and Binding, Machines as well as Laminators. The Company has set up an excellent field sales and support staff to meet the varied needs of the customers. 
  • 1993 The Company has been sending Engineering and Manufacturing personnel for training at Collaborators plants in USA, Mexico and Germany. 
  • 1994 The Company has exported more than 2400 Units of 450 KM Purchasing & Binding Machines to General Binding Corporation for their International Markets. 
  • 1995 The Company has been able to develop in-house expertise in a number of high-tech areas resulting in imports substitution. 
  • 1998 The Company has been able to develop in-house expertise in a number of high-tech areas resulting in imports substitution.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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