ABM Knowledgeware Ltd - Stock Valuation and Financial Performance

BSE: 531161 | NSE: | IT - Software | Small Cap

ABM Knowledgeware Share Price

132.70 -1.60 -1.19%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on ABM Knowledgeware

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

ABM Knowledgeware stock performance -

mw4me loader
P/E Ratio (SA):
17.84
Market Cap:
265.4 Cr.
52-wk low:
84.7
52-wk high:
147.5

Is ABM Knowledgeware Ltd an attractive stock to invest in?

1. Is ABM Knowledgeware Ltd a good quality company?

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

2. Is ABM Knowledgeware Ltd undervalued or overvalued?

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

3. Is ABM Knowledgeware Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of ABM Knowledgeware 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 ABM Knowledgeware:

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.
ABM Knowledgeware 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 % 22.3%22.4%19.1%15.8%10.6%10.6%9.6%11.3%7.9%6.5%-
Value Creation
Index
0.60.60.40.1-0.2-0.2-0.3-0.2-0.4-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 74.182.177.295.160.655.160.373.783.665.779
Sales YoY Gr.-10.8%-6%23.2%-36.3%-9.1%9.5%22.2%13.5%-21.5%-
Adj EPS 7.28.84.49.27.387.79.97.56.57.4
YoY Gr.-20.9%-49.6%107.9%-20.5%9.3%-3.3%28.2%-23.9%-13.2%-
BVPS (₹) 35.643.125.266.872.578.983.693.599.6104.8111
Adj Net
Profit
14.517.517.618.314.615.915.419.81513.115
Cash Flow from Ops. 7.27.927.716.4-5.741.110.114.543.4-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.3%1.6%2.9%-21.5%
Adj EPS -1.1%-2.2%-5.4%-13.2%
BVPS12.8%7.7%7.8%5.3%
Share Price 12.9% 17.6% 3.4% 50%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
22.222.218.815.610.510.59.511.27.86.46.9
Op. Profit
Mgn %
28.63235.229.731.236.927.630.920.720.717.6
Net Profit
Mgn %
19.621.322.919.324.128.925.626.81819.918.9
Debt to
Equity
00000000000
Working Cap
Days
212246218260621544373267269381349
Cash Conv.
Cycle
637165511932261475848120304

Recent Performance Summary

Sales growth is good in last 4 quarters at 20.06%

Return on Equity has declined versus last 3 years average to 6.90%

Sales growth has been subdued in last 3 years 2.89%

Net Profit has been subdued in last 3 years -5.39%

Latest Financials - ABM Knowledgeware Ltd.

Standalone Consolidated
TTM EPS (₹) 7.4 7.2
TTM Sales (₹ Cr.) 78.7 91.2
BVPS (₹.) 111 111.2
Reserves (₹ Cr.) 212 212
P/BV 1.20 1.19
PE 17.84 18.33
From the Market
52 Week Low / High (₹) 84.70 / 147.50
All Time Low / High (₹) 0.75 / 180.00
Market Cap (₹ Cr.) 265
Equity (₹ Cr.) 10
Face Value (₹) 5
Industry PE 32

Management X-Ray of ABM Knowledgeware:

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 ABM Knowledgeware

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
Sales74827795615560748466
Operating Expenses 53565067423544516752
Manufacturing Costs323119304515203012
Material Costs1000000000
Employee Cost 16192430302324253032
Other Costs 5677875678
Operating Profit 21262728192016221713
Operating Profit Margin (%) 28.6%32.0%35.1%29.7%30.8%36.3%27.2%30.5%20.4%20.3%
Other Income 1223244545
Interest 0000000000
Depreciation 1223211111
Exceptional Items 0000000000
Profit Before Tax 22262728192319261917
Tax 79910574654
Profit After Tax 14181818141615201513
PAT Margin (%) 19.6%21.3%22.8%19.3%23.9%28.7%25.4%26.6%17.8%19.6%
Adjusted EPS (₹)7.28.84.49.27.27.97.79.87.46.4
Dividend Payout Ratio (%)14%11%14%14%17%16%16%13%17%19%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 7186101134145158167187199210
Share Capital 10101010101010101010
Reserves 617691124135148157177189200
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables1619511111385
Others Liabilities 157670502536243825
Total Liabilities 102113112204197184204225245240

Fixed Assets

Gross Block30323350515152525353
Accumulated Depreciation24634678810
Net Fixed Assets28282748464645444443
CWIP 0000000000
Investments 1315143650857287106
Inventories0000000000
Trade Receivables39562015531931223835
Cash Equivalents 151730474355522715
Others Assets1991981573537354941
Total Assets 102113112204197184204225245240

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 782816-641101543
PBT 22262728192319261917
Adjustment -11100-1-2-2-1-2
Changes in Working Capital -7-119-0-1724-4-2-9-7
Tax Paid -7-8-9-12-8-5-4-7-5-4
Cash Flow From Investing Activity -2-3-124-21-10-3217-14-14
Capex -4-2-1-10-100-10
Net Investments 2-2-121-14-11-3216-13-15
Others 0013-710001
Cash Flow From Financing Activity -2-2-3-3-3-3-60-3-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -2-2-2-3-3-3-60-3-3
Others 0000000000
Net Cash Flow 321317-3027-2831-13-13
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)22.2622.2718.815.6510.3810.429.4211.067.696.3
ROCE (%)33.5633.7129.1224.2313.9415.0111.9614.8410.278.33
Asset Turnover Ratio0.910.840.770.60.30.290.310.40.410.32
PAT to CFO Conversion(x)0.50.441.560.89-0.432.560.670.750.270.23
Working Capital Days
Receivable Days14319015967203238154113113171
Inventory Days0000000000
Payable Days6,241000000000

ABM Knowledgeware Ltd Stock News

ABM Knowledgeware Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of ABM Knowledgeware on 14-Jun-2024 16:01 is ₹132.7.
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 14-Jun-2024 16:01 the market cap of ABM Knowledgeware stood at ₹265.4.
The latest P/E ratio of ABM Knowledgeware as of 14-Jun-2024 16:01 is 17.84.
The latest P/B ratio of ABM Knowledgeware as of 14-Jun-2024 16:01 is 1.20.
The 52-week high of ABM Knowledgeware is ₹147.5 and the 52-week low is ₹84.70.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ABM Knowledgeware is ₹78.65 ( Cr.) .

About ABM Knowledgeware Ltd

ABM Knowledgeware Ltd., listed in Bombay Stock Exchange, is one of the few IT companies in India with exclusive focus on E-governance since 1998. Within seven years of its foray into the E-governance space, ABM achieved the distinction of winning the prestigious award of “The Best Technical Organisation in E-Governance” in India adjudged by the Ministry of Information and Communication Technology, Govt of India and IIT Delhi.

The exceptional track record of successful project implementation, sustenance over extended duration and delivering Return-on-Investment for all the Stakeholders makes ABM stand out. In fact, ABM is one of the few companies in India which possesses IPRs for its various proven and sustained E-gov solutions. This journey of ABM is populated by several Milestones signifying growth of ABM in this very challenging and tough market segment.

Equipped with necessary quality certifications and a large team of competent E-gov professionals, ABM has devised several “Outcome” based E-governance solutions / strategies. These are useful for customers in India and even Commonwealth countries. Providing tangible improvements in service to the two most important stakeholders of E-governance viz. Citizens/Consumers and the Government employees has been the core of our solution strategies. The several prestigious awards, recognitions and accolades won by our Projects, Products and Customers at various forums like IT Industry, State Government, Central Government, International Associations endorse the success of the e-governance expertise cultivated by ABM over past decade. ABM solutions for G2C/G2B/G2G services have been adopted by progressive states and large organisations in India in domains like Citizen Services Delivery, Municipal Corporations, Water and Electricity Distribution companies.

The company’s recent business focus is on niche domains like providing e-Governance solutions to Municipal Bodies (G2B & G2C); CRM solution for Electricity Distribution Companies (G2C) and Automation of Billing, Accounting and Collection for Water Distribution Authorities (G2B,G2C). Additionally, we have the practice of SAP implementation. We have developed the exclusive skill required for providing Subject Matter Expertise required for SAP implementation in large govt organisations. This practice also includes services for enabling ‘Change Management’ during and after “Go Live” of the SAP implementation. This skill is found to be critical for e-Gov clients for sustaining the investment in e-Gov projects. This skill coupled with ABM’s overall E-gov expertise is unique in the industry.

ABM has achieved credible success in its niche domains and focus states in India .Encouraged by the increasing focus of Indian states on achieving E-governance and by the positive response to our solutions and strategies ,we have now plans in place to explore the ever increasing market for E-governance in many other Indian States and commonwealth countries .

Product range offered by the company:

  • ABM MAINet® - Municipal Administration Information Network 
  • ABM CARE® - Software for Grievances Management and Time bound Redressal   
  • ABM MOIS 2000®   
  • CRM for Power Distribution Utilities   

Milestones:

  • Apr 2008- Won the prestigious JMCCI  “National Level Entrepreneurship Award”  which was conferred by the Governor of Orissa
  • Dec 2007- ABM Won the prestigious “Wisitex India Urban Development Lead Organization of the Year-Information Technology “ award conferred by Minister Urban Development ,Govt of Goa
  • Feb 2007 - “Golden Icon” Award for Best Citizen Services project in India conferred by Department of Administrative Reforms, Govt. of India to Kalyan Dombivli Municipal Corporation (KDMC) where ABM’s software solution- MAINet® has been implemented
  • Dec 2006- Govt. of India, Ministry of Urban Development has short-listed MAINet® for empanelment for implementation in Municipal Bodies all over India after detailed process of evaluation of Functionalities and Product Quality at an all India selection process.
  • Nov 2006 - Government of Maharashtra has decided to replicate MAINet® in all the 245 Municipal Bodies in the State.
  • Apr 2006- Entered into SAP ERP business by bagging multi million dollar  order for Implementation of SAP in  MCGM in consortium with SAP & a reputed Systems Integrator
  • 2005-’06-  Empanelment with other States Governments like Goa, Punjab, Haryana, Uttar Pradesh and National Institute of Smart Governance
  • 2005- Entry into Consumer Relationship Management(CRM) Space for Power Sector through a large order for ABM CFC and standardization of ABM CFC by  a leading  Electricity Distribution Company .
  • 2005 - Received award of the “Best Technical Company in e-governance”, adjudged by IIT Delhi, Ministry of Information Technology, Govt. of India and CSI.
  • 2005 -Entry into North India through a major order for complete automation for Engg Dept of Municipal Corporation of Delhi
  • Nov 2004- “Merit Citation” from Department of Administrative Reforms & Public Grievances, Govt. of India during the National e-Governance Conference held in Chennai  for ABM’s Software & Solutions ABM MAInet®
  • Sep 2004- Prestigious CAPAM “Certificate of Achievement” award in Singapore (ranked among the top 14 projects from 150 projects from several Commonwealth Countries) by the Commonwealth Association for Public Administration and Management for ABM’s MAINet®  
  • 2004- Beginning of Replication of ABM MAINet® in other Mun. Corporations in Maharashtra and Goa
  • 2005 - Entry into Middle East Market through contract for ABM ERP for a premier  office in the UAE which was further selected by another Emirate, AL AIN, in 2006
  • Feb 2003 - Skoch Challenger Award for the best e-Governance Project in India by Skoch Consultancy for KDMC Project
  • 2003 -Launch of ABM MAINet® in Kalyan Dombivili Municipal Corporation(KDMC) as the first comprehensive e-governance solution for Urban Local Bodies in India.
  • 2003- CSI Award for Best Citizen Centric Project for Setu, Thane Collectorate
  • 2002- A largest  municipal body  in Asia Replicated  ABM  CFC ®in all their  24 Municipal Wards as the first Citizen Centric e-gov initiative
  • 2002- Govt of Maharashtra  announced Rajiv Gandhi Award for Administrative Reforms for ABM’s  Setu, Thane Collectorate 
  • 2001- CSI YITP Award for own e-gov products : ABM CARE® and ABM MOIS 2000®
  • 2001-02- Implementation of ambitious Water Billing Project and Double Entry Accounting for a large customer â€“ involving  demand generation of over US $ 150 Mn
  • 1999-’00- Successful and path breaking Pilot Projects of e-governance in Housing Department Mantralaya (1999), Municipal Corporation of Greater Mumbai (Citizen Facilitation Center – CFC) in 2000, Thane Collectorate (Setu) in 2000 which were subsequently replicated on mass scale by govt.
  • 1998 - Empanelment in the Turn Key Solution Providers in IT (TSP) panel of Government of Maharashtra with the first ever 15 IT Companies
  • 1998 -  Strategic decision to focus  on  Software and Services business for E-Government in the Domestic Market.

Awards/ Achievements:

  • Dec 2007 - ABM was conferred the prestigious “Wisitex India Urban Development Lead Organization of the Year – Information Technology“ award by Minister for Urban Development, Government of Goa.
  • Feb 2007 - KDMC - MAINet Project (designed, developed and implemented by ABM)  awarded the “Golden Icon” for the Best Citizen Centric Project from the Department of Administrative Reforms and Public Grievances, Govt. of India during the National E-Governance conference.
  • 2005 -ABM Conferred “Best Technical Organization in e-governance” Award by a committee of Senior IAS Officers from Govt. of India, IIT and IT Industry 2004 - KDMC Project awarded Intelligent Enterprise Award by India Express Group at Colombo.
  • Nov 2004  - “Merit Citation” conferred by Department of Administrative Reforms & Public Grievances, Govt. of India to Kalyan-Dombivli Municipal Corporation for its e-Governance project in which ABM’s software solution - MAINet® has been implemented during the National e-Governance Conference held in Chennai.
  • Sep 2004 - KDMC awarded prestigious CAPAM “Certificate of Achievement” in Singapore by the Commonwealth Association for Pubic Administration and Management.
  • 2003, 2005 & 2006 - Government of Maharashtra has decided to replicate the e-governance software designed, developed and implemented by ABM in KDMC in all the 245+ Urban Local Bodies in Maharashtra and subsequently issued Government
  • 2003 - Resolution (Order) for the same CSI Best Citizen Centric Project for SETU, Thane - a CItizen Facilitation Centre Project for Collectorates
  • 2002- Rajiv Gandhi Award for Administrative Reforms for SETU, Thane.
  • 2001- CSI YITP Award for ABM MOISTM, ABM CARETM
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