BITS Ltd - Stock Valuation and Financial Performance

BSE: 526709 | NSE: | IT - Education | Small Cap

BITS Share Price

3.57 0.17 5.00%
as on 12-Apr'24 10:19

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BITS stock performance -

mw4me loader
P/E Ratio (SA):
330.08
Market Cap:
39.9 Cr.
52-wk low:
0.3
52-wk high:
4.2

Is BITS Ltd an attractive stock to invest in?

1. Is BITS Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that BITS Ltd is a below average quality company.

2. Is BITS Ltd undervalued or overvalued?

The key valuation ratios of BITS Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is BITS Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of BITS Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of BITS:

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.
BITS Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -2.8%0.5%-37.5%-28.4%-5.6%0.3%0%-0.4%0.4%-0.3%-
Value Creation
Index
-1.2-1.0-3.7-3.0-1.4-1.0NA-1.0-1.0-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.20.20.23.60.60.70.70.60.70.81
Sales YoY Gr.-43.8%4.4%1,400%-82.8%16.1%1.4%-24.7%34.6%8.1%-
Adj EPS -0.10-1-0.6-0.100-0000
YoY Gr.-NA-5250%NANANANANANA-100%-
BVPS (₹) 3.23.32.21.71.61.61.61.61.61.61.6
Adj Net
Profit
-1.10.2-11.5-6.2-10.10-0.10.1-0.10
Cash Flow from Ops. -2.1-0.10.5-0.1-8.6000-0.20.2-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19.6%5.2%3.1%8.1%
Adj EPS NANANA-100%
BVPS-7.7%0.3%0.2%0%
Share Price 30% 78% 161.3% 1685%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-2.80.5-37.5-28.4-5.60.30-0.40.4-0.30.6
Op. Profit
Mgn %
-321.1-388.9-5077.1-193.7-118.315.46.90.57.4-11.41.8
Net Profit
Mgn %
-688.475.4-4741.8-172.6-1646.30.1-129.2-6.913
Debt to
Equity
0000000000-
Working Cap
Days
89,94765,63446,2071,7958,4677,1967,0909,5036,9956,42355
Cash Conv.
Cycle
67,52146,23629,054665901000611-100

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.60%

Sales growth has been subdued in last 3 years 3.10%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 8.88%

Latest Financials - BITS Ltd.

Standalone Consolidated
TTM EPS (₹) 0 0.2
TTM Sales (₹ Cr.) 0.9 0.9
BVPS (₹.) 1.6 1.6
Reserves (₹ Cr.) -5 -5
P/BV 2.26 2.26
PE 330.08 18.25
From the Market
52 Week Low / High (₹) 0.30 / 4.24
All Time Low / High (₹) 0.04 / 17.25
Market Cap (₹ Cr.) 39.9
Equity (₹ Cr.) 22.4
Face Value (₹) 2
Industry PE 36.2

Management X-Ray of BITS:

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

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
Sales0.160.230.243.600.620.720.730.550.740.80
Operating Expenses 3.711.1012.5210.592.110.610.680.540.691.02
Manufacturing Costs0.010.020.020.020.0100000
Material Costs0.140.200.223.51000000
Employee Cost 0.200.040.040.050.110.130.150.140.160.19
Other Costs 3.360.8412.247.011.990.480.530.410.530.82
Operating Profit -3.55-0.88-12.28-6.99-1.500.110.0500.05-0.22
Operating Profit Margin (%) -2,289.1%-388.0%-5,077.0%-193.0%-242.0%15.4%6.9%0.5%7.4%-26.9%
Other Income 0.420.810.861.080.0500.0100.230.28
Interest 0000000000.01
Depreciation 0.060.070.010.010.050.060.060.060.060.05
Exceptional Items 0000000000
Profit Before Tax -3.19-0.13-11.43-5.91-1.500.060-0.050.230.01
Tax 0.01-0.300.040.070.020.0100.0100
Profit After Tax -3.200.17-11.47-5.98-1.510.050-0.070.230.01
PAT Margin (%) -2,066.0%75.4%-4,741.8%-165.0%-245.0%6.3%0.1%-12.0%30.7%1.2%
Adjusted EPS (₹)-0.30.0-1.0-0.5-0.10.00.00.00.00.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 36.1736.3424.8718.8917.3717.4217.4217.3517.5817.59
Share Capital 22.3822.3822.3822.3822.3822.3822.3822.3822.3822.38
Reserves 13.7913.962.49-3.49-5-4.96-4.96-5.02-4.79-4.79
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables0000000000
Others Liabilities 17.5716.439.478.790.980.900.800.770.520.52
Total Liabilities 53.7352.7734.3427.6818.3518.3218.2218.1318.1018.11

Fixed Assets

Gross Block11.753.883.883.876.586.606.606.606.646.65
Accumulated Depreciation9.953.773.773.784.554.604.664.724.754.80
Net Fixed Assets1.800.110.100.092.031.991.941.881.891.85
CWIP 0000000000
Investments 10.8812.5112.9913.031.962.012.012.011.972.03
Inventories3.933.733.510000000
Trade Receivables24.6924.696.593.0400000.020.03
Cash Equivalents 0.170.060.090.270.070.05000.040.23
Others Assets12.2611.6711.0711.2514.2814.2714.2714.2414.1813.97
Total Assets 53.7352.7734.3427.6818.3518.3218.2218.1318.1018.11

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2.07-0.100.51-0.13-8.550.04-0.040-0.160.16
PBT -3.19-0.13-11.43-5.91-1.500.060-0.050.230.01
Adjustment 3.110.070.01-0.330.770.060.060.06-0.17-0.05
Changes in Working Capital -1.99-0.0411.976.19-7.8-0.06-0.10.01-0.220.2
Tax Paid 00-0.04-0.07-0.02-0.010-0.0100
Cash Flow From Investing Activity 7.72-0.01-0.480.308.36-0.06000.200.02
Capex 0.05-0.0100-0.36-0.0600-0.07-0.01
Net Investments 7.670-0.480.308.720000.270.03
Others 0000000000
Cash Flow From Financing Activity -5.56000000000
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others -5.56000000000
Net Cash Flow 0.09-0.110.030.17-0.19-0.02-0.0500.040.19
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-8.480.47-37.48-27.34-8.350.260-0.381.30.05
ROCE (%)-8.43-0.37-37.35-27.02-8.250.320-0.291.310.12
Asset Turnover Ratio000.010.120.030.040.040.030.040.04
PAT to CFO Conversion(x)N/A-0.59N/AN/AN/A0.8N/AN/A-0.716
Working Capital Days
Receivable Days00048800001211
Inventory Days9,4116,2045,4550000000
Payable Days0000000000

BITS Ltd Stock News

BITS Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of BITS on 12-Apr-2024 10:19 is ₹3.57.
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 12-Apr-2024 10:19 the market cap of BITS stood at ₹39.94.
The latest P/E ratio of BITS as of 12-Apr-2024 10:19 is 330.1.
The latest P/B ratio of BITS as of 12-Apr-2024 10:19 is 2.26.
The 52-week high of BITS is ₹4.24 and the 52-week low is ₹0.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BITS is ₹0.86 ( Cr.) .

About BITS Ltd

Bits Limited was founded in 1986 and is a New York-based small business with over 22 years of technical experience in over 16 countries.  BITS Limited is the manufacturer & inventor of the Smart Strip which is the only energy saving Surge protector.

BITS Limited is also an affiliate & distributor for EASI Energy efficiency products. EASI is the leader in power factor correction equipment.

The product portfolio of the company includes

Power strips: Power strips, Large Energy Saving Smart Strips,Small Energy Saving Smart Strips, USB Controlled Energy Saving Smart Strips, Large 3rd Generation Energy Saving Smart Strips,Small 3rd Generation Energy Saving Smart Strips, Manhattan Surge Max Surge Protector, Smart Strip Power Strip (Brownout Protector With Voltage Sensing Technology), Time Delayed Smart Strip Power Strips and Dual Voltage Surge Protector

Energy savers:

Blue Spiral CFL Light Bulb,Greener Spiral CFL Light Bulb,Red Spiral CFL Light Bulb,Kill-A-Watt EZ,Excalibur Electronics Inc. Forever Flashlight, Inova X1, Inova X1,Indoor Wireless Remote Outlets,Indoor Wireless Remote Outlets,LED Holiday Lighting,Sensor Plug and Leviton plug-in switch.

The company also manufactures various kinds of Cords/Cables and Travelers.

The company has been incorporated with the object of imparting Computer Education and has been presently imparting Computer Education under the banner of Bureau 0f Information Technology Studies (Bits).

BITS was originally promoted by Pradeep Khanna and was run as division of M/s. Jukaso Silk Mills, a partnership concern of Pradeep Khanna.

Milestones achieved

  • 1995 - The Company has introduced courses in Computer Hardware and the response has been excellent.
  • 1999 - The Company entered into strategic alliance partnership to pool the resources with .SRG Infotec (I) Ltd.
  • 2005 - Bits Ltd forms a subsidiary with the name of 'BITS eServe Ltd' with the authorized capital of Rs 50 million for the purpose of starting BPO operations in India.

The company works in six different divisions viz; career training, corporate training, hardware maintenance training, software exports, multimedia training and placement services.

The career training division is associated with various associations like the Institute for Certifying Computer Professionals, US and American Council on Education, the Manufacturer`s Association for Information Technology Computer Traning Division and the Institute of Marketing and Management, India.

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