63 Moons Technologies Ltd - Stock Valuation and Financial Performance

BSE: 526881 | NSE: 63MOONS | IT - Software | Small Cap

63 Moons Tech. Share Price

408.70 -11.30 -2.69%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on 63 Moons Tech.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

63 Moons Technologies stock performance -

mw4me loader
P/E Ratio (SA):
7.91
Market Cap:
1,935.3 Cr.
52-wk low:
161.8
52-wk high:
688.8

Is 63 Moons Technologies Ltd an attractive stock to invest in?

1. Is 63 Moons Technologies Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that 63 Moons Technologies Ltd is a below average quality company.

2. Is 63 Moons Technologies Ltd undervalued or overvalued?

The key valuation ratios of 63 Moons Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is 63 Moons Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of 63 Moons Technologies 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 63 Moons 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.
63 Moons Technologies 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 % 1.6%8.2%-1.2%3.4%2.9%0.6%-1.8%-0.4%-0.9%3.1%-
Value Creation
Index
-0.9-0.4-1.1-0.8-0.8-1.0-1.1-1.0-1.1-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 335161141150227147139144144272529
Sales YoY Gr.--51.9%-12.2%6.2%51.1%-35.1%-5.8%3.9%0.2%88.7%-
Adj EPS 6.150.7-11.920.618.93.4-11-2.5-5.417.253.1
YoY Gr.-724.9%-123.4%NA-8%-82.1%-426.3%NANANA-
BVPS (₹) 522.9596.5588.2612.2621.6619.8591.4577.2562.1567.9617.6
Adj Net
Profit
28.3233-54.694.787.215.6-50.8-11.4-24.979.5245
Cash Flow from Ops. 117-35.7-119-80.7-5.1-107-79.4-7.6-55.1145-
Debt/CF from Ops. 4-13.5-4.3-6.2-19.900000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.3%3.8%25.2%88.7%
Adj EPS 12.2%-1.8%NANA
BVPS0.9%-1.8%-1.3%1%
Share Price 1.2% 33.8% 73.8% 140.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.19-23.43.10.5-1.8-0.4-13.19
Op. Profit
Mgn %
35.9-58.1-72.9-48.9-0.8-71.3-78.7-40-45.719.252.1
Net Profit
Mgn %
8.5144.9-38.663.138.510.6-36.6-7.9-17.229.246.3
Debt to
Equity
0.20.20.20.2000000-
Working Cap
Days
1,1612,0591,2081,1367481,0571,113970821512476
Cash Conv.
Cycle
548832251543381163389

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.00%

Sales growth is growing at healthy rate in last 3 years 25.24%

Sales growth is good in last 4 quarters at 186.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - 63 Moons Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 53.1 41.4
TTM Sales (₹ Cr.) 529 546
BVPS (₹.) 617.6 723.6
Reserves (₹ Cr.) 2,837 3,325
P/BV 0.68 0.58
PE 7.91 10.15
From the Market
52 Week Low / High (₹) 161.80 / 688.80
All Time Low / High (₹) 2.00 / 3048.00
Market Cap (₹ Cr.) 1,935
Equity (₹ Cr.) 9.2
Face Value (₹) 2
Industry PE 34.2

Management X-Ray of 63 Moons 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 63 Moons 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
Sales335161141150227147139144144272
Operating Expenses 250276276258248264248202210220
Manufacturing Costs1412121313111210911
Material Costs0000000000
Employee Cost 12312111410210110511096106123
Other Costs 113144150142134148126969586
Operating Profit 85-115-135-108-21-117-109-58-6652
Operating Profit Margin (%) 25.4%-71.7%-95.3%-71.9%-9.5%-79.3%-78.7%-40.0%-45.7%19.2%
Other Income 2074461592752021601228768103
Interest 31242023840001
Depreciation 31394027221822181212
Exceptional Items -412243211-31-82-10-103-65-52-74
Profit Before Tax -180510175867011-112-54-6369
Tax 486510437531162-241
Profit After Tax -2294457149160-118-57-6128
PAT Margin (%) -68.3%276.4%50.0%32.7%7.2%0.1%-85.3%-39.3%-42.5%10.2%
Adjusted EPS (₹)-49.696.615.410.73.60.0-25.7-12.3-13.36.0
Dividend Payout Ratio (%)-16%18%33%19%56%9,950%-8%-16%0%33%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 2,4102,7742,7102,8212,8642,8562,7252,6602,5902,617
Share Capital 9999999999
Reserves 2,4002,7652,7012,8122,8552,8472,7162,6512,5812,607
Minority Interest0000000000
Debt461480509101000000
Long Term Debt461480509101000000
Short Term Debt0000000000
Trade Payables521311664323
Others Liabilities 301171206525191811034340165
Total Liabilities 3,1773,4283,4393,4583,0612,9432,8322,7062,6332,785

Fixed Assets

Gross Block549549543428555574580455465471
Accumulated Depreciation84120157170205223245242252260
Net Fixed Assets465429386258350351335213213211
CWIP 0000300000
Investments 1,2772,3622,5032,5071,7101,1941,016977902762
Inventories0000000000
Trade Receivables68172024212612569
Cash Equivalents 1191101161935679761,0571,0671,1061,252
Others Assets1,247511414475409396412444407550
Total Assets 3,1773,4283,4393,4583,0612,9432,8322,7062,6332,785

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 117-36-119-81-5-107-79-8-55145
PBT -180510175867011-112-54-6369
Adjustment 320-584-276-149-59-933076-4
Changes in Working Capital -539-18-18-15-25339281
Tax Paid -18000000000
Cash Flow From Investing Activity 18798178210716-187781269-112
Capex -19-4-6-6-11-16-5-3-10-5
Net Investments 901-96233-1568-294-35-2654-161
Others -695197-48217160122118412454
Cash Flow From Financing Activity -283-88-55-23-409-118-200-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -205000-397-1120000
Interest Paid -34-22-22-23-10-40000
Dividend Paid -37-65-2300-2-2000
Others -6-2-90-20000-1
Net Cash Flow 21-264107302-412-431332
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-8.9917.262.591.770.580-4.24-2.1-2.341.07
ROCE (%)-4.8817.515.993.312.450.52-4.02-2-2.382.67
Asset Turnover Ratio0.10.050.040.040.070.050.050.050.050.1
PAT to CFO Conversion(x)N/A-0.08-1.68-1.65-0.31N/AN/AN/AN/A5.18
Working Capital Days
Receivable Days82964754365850211310
Inventory Days0000000000
Payable Days0000000000

63 Moons Technologies Ltd Stock News

63 Moons Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of 63 Moons Tech. on 12-Apr-2024 10:20 is ₹408.7.
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 10:20 the market cap of 63 Moons Tech. stood at ₹1,935.3.
The latest P/E ratio of 63 Moons Tech. as of 12-Apr-2024 10:20 is 7.91.
The latest P/B ratio of 63 Moons Tech. as of 12-Apr-2024 10:20 is 0.68.
The 52-week high of 63 Moons Tech. is ₹688.8 and the 52-week low is ₹161.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of 63 Moons Tech. is ₹529.4 ( Cr.) .

About 63 Moons Technologies Ltd

Financial Technologies (India) (FTIL) was established in 1988. It is a flagship company of the Financial Technologies Group. Financial Technologies (India) is a large exchange and ecosystem network of 10 exchanges and 5 ecosystem spanning Africa to Asia across multi asset including commodities, currencies, energy and equity.

The company's flagship product ODIN is used for trading in securities and commodities and accounts for 80% of market share in India. It has an installed base of 3,20,000 trading licenses.

Another product DOME is an exchange solution that been implemented on dominant  exchanges like Multi Commodity Exchange (MCX), Dubai Gold & Commodities Exchange (DGCX), Safal National Exchange (SNX), Global Board of Trade, Mauritius (GBOT) and others.

In October, 2010, Financial Technologies (India), has launched an international multi-asset exchange Global Board Of Trade (GBOT) in Mauritius.

In February 2011, The first multi-asset exchange in the Middle East and North Africa owned by Financial Technologies - The Bahrain Financial Exchange (BFX), officially launched its operations in Bahrain.

Business

Exchange Ventures

It creates exchange networks for transparency in financial markets in Africa, Middle East, Central Asia, India, China and other Asian countries. It is a network provider for MCX, IBSFOREX, GBOT, SMX and DGCX, among others.

Ecosystem ventures

The ecosystem business complements the exchange business by capturing value of all upstream and downstream transactions around the exchanges.

Awards

Financial Technologies was awarded Amity Corporate Excellence Award

It won IT People award for Product Innovation; Exchange and Brokerage Products.

It was received Gurjar Ratna Award.

Financial Technologies was awarded Ernst & Young Entrepreneur of the Year 2006 Award for business transformation.

February 2007, Financial Technologies was presented with the award by Amity International Business School during the 9th Annual International Business Summit and Research Conference.

Financial Technologies Group Company MCX won the award during the global SMEs summit on empowering SME sector for better prospects conducted by IITC and SME Centre of India on February 22, 2007.

In July 2011, Financial Technologies (India) won the ‘DSCI Excellence Awards 2011’ in Security in IT Services - SME category

On August 2011, Financial Technologies (India) won the prestigious ‘Golden Peacock HR Excellence Award’ for the year 2011.
- Financial Technologies (India) Limited (FTIL) won the prestigious ‘Golden Peacock HR Excellence Award’ for the year 2011.
- Financial Technologies (India) Limited (FTIL) won the ‘DSCI Excellence Awards 2011’ in Security in IT Services - SME category, the award was presented by Shri. Sachin Pilot, Honorable Minister of State, Ministry of Communications & Information Technology.
- FTIL was featured in FinTech 100 Rankings 2011 an annual international listing of the top vertical technology vendors that derive more than one third of their revenue from financial technology industry and hosted by American Bankers, Banking Technology News, IDC Financial Insights.

2012
- FTIL stood at # 89 in American Bankers FINTECH 100 Rankings 2012 an annual international listing of the top vertical technology vendors that derive more than one third of their revenue from financial technology industry and hosted by American Bankers, Banking Technology News, IDC Financial Insights.

2013
- FTIL  featured in FinTech 100 Rankings 2013 an annual international listing of the top vertical technology vendors that derive more than one third of their revenue from financial technology industry and hosted by American Bankers, Banking Technology News, IDC Financial Insights."

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