Accelya Solutions India Ltd - Stock Valuation and Financial Performance

BSE: 532268 | NSE: ACCELYA | IT - Software | Small Cap

Accelya Solutions Share Price

1,701.95 -18.60 -1.08%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Accelya Solutions

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Accelya Solutions India stock performance -

mw4me loader
P/E Ratio (CD):
19.12
Market Cap:
2,501.8 Cr.
52-wk low:
1,117
52-wk high:
2,128.3

Is Accelya Solutions India Ltd an attractive stock to invest in?

1. Is Accelya Solutions India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Accelya Solutions India Ltd is a good quality company.

2. Is Accelya Solutions India Ltd undervalued or overvalued?

The key valuation ratios of Accelya Solutions India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Accelya Solutions India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Accelya Solutions India 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 Accelya Solutions:

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.
Accelya Solutions India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Jun'14Jun'15Jun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23TTM
ROCE % 79.9%58.6%70.5%58.9%50.5%54.6%42.2%17.6%30.8%44.4%-
Value Creation
Index
4.73.24.03.22.62.92.00.31.22.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 317303341367383433412290368469494
Sales YoY Gr.--4.4%12.6%7.8%4.1%13.2%-4.9%-29.5%26.9%27.4%-
Adj EPS 56.443.953.657.860.8696026.55078.387.7
YoY Gr.--22.2%22%8%5.2%13.3%-13%-55.9%88.9%56.5%-
BVPS (₹) 73.477.175.8121.3120.3132.4164159.8176180.9193.6
Adj Net
Profit
84.265.579.986.390.810389.539.574.7117131
Cash Flow from Ops. 10466.38092.611186.913186.7118133-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.5%4.2%4.4%27.4%
Adj EPS 3.7%5.2%9.3%56.5%
BVPS10.5%8.5%3.3%2.8%
Share Price 8.7% 13.2% 25.3% 47.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'14Jun'15Jun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23TTM
Return on
Equity %
79.658.370.158.750.454.640.516.429.843.946.8
Op. Profit
Mgn %
43.437.938.839.439.839.338.229.435.339.438.1
Net Profit
Mgn %
26.621.623.423.523.723.821.713.620.324.926.5
Debt to
Equity
00000000000
Working Cap
Days
14020923228028324527634124522794
Cash Conv.
Cycle
1820162421152245352165

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 46.80%

Sales growth is good in last 4 quarters at 17.32%

Sales growth has been subdued in last 3 years 4.44%

Net Profit has been subdued in last 3 years 9.26%

Latest Financials - Accelya Solutions India Ltd.

Standalone Consolidated
TTM EPS (₹) 82.7 87.7
TTM Sales (₹ Cr.) 433 494
BVPS (₹.) 177.5 193.6
Reserves (₹ Cr.) 250 274
P/BV 9.44 8.66
PE 20.28 19.12
From the Market
52 Week Low / High (₹) 1116.95 / 2128.25
All Time Low / High (₹) 19.05 / 2128.25
Market Cap (₹ Cr.) 2,502
Equity (₹ Cr.) 14.9
Face Value (₹) 10
Industry PE 33.7

Management X-Ray of Accelya Solutions:

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 Accelya Solutions

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Jun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23
Sales317303341367383433412290368469
Operating Expenses 180188209222233263259205238285
Manufacturing Costs15151827364445344055
Material Costs0000000000
Employee Cost 121129142140138139133120138148
Other Costs 44444955598080516181
Operating Profit 13711513214515017015385130185
Operating Profit Margin (%) 43.3%37.9%38.8%39.4%39.1%39.2%37.2%29.4%35.3%39.4%
Other Income 561020395111210
Interest 0010006432
Depreciation 12131314141732343534
Exceptional Items 00000000012
Profit Before Tax 12910712815013816212058103170
Tax 45394553495634162744
Profit After Tax 8467839789106874276127
PAT Margin (%) 26.5%22.3%24.3%26.5%23.3%24.6%21.1%14.5%20.7%27.0%
Adjusted EPS (₹)56.245.255.665.259.871.358.228.351.084.9
Dividend Payout Ratio (%)87%80%81%78%77%45%17%184%121%77%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 110115113181180198245239263270
Share Capital 15151515151515151515
Reserves 9510098166165183230224248255
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables11121217222734182031
Others Liabilities 164207238259197206246191196231
Total Liabilities 284334363458398430524447479532

Fixed Assets

Gross Block158163177171185197289286285267
Accumulated Depreciation7988100108116126153161184180
Net Fixed Assets79757762697113712510187
CWIP 1001016924
Investments 34372441361715275260
Inventories0000000000
Trade Receivables38373966567983646877
Cash Equivalents 23222724282660516456
Others Assets109162196262209238223172191248
Total Assets 284334363458398430524447479532

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Jun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23
Cash Flow From Operating Activity 1046680931118713187118133
PBT 12910712815013816212058103170
Adjustment 71072291047374017
Changes in Working Capital 13-18-9-10-2-26692-8
Tax Paid -45-33-46-50-54-58-42-16-27-46
Cash Flow From Investing Activity 10-8-7-26-14-3-61-11-7313
Capex -8-9-21-10-20-25-47-19-17-6
Net Investments -46-313-18520-156-5715
Others 63412111214
Cash Flow From Financing Activity -114-57-69-73-94-86-53-66-64-132
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000-6-4-3-2
Dividend Paid -114-56-69-73-94-86-35-52-51-119
Others 000000-12-10-10-11
Net Cash Flow 024-73-31710-1914
PARTICULARSJun'14Jun'15Jun'16Jun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23
Ratios
ROE (%)79.3660.0172.7666.1349.4756.4139.2517.4630.447.58
ROCE (%)122.5495.47112.58102.5776.9785.956.9225.7542.5664.76
Asset Turnover Ratio1.20.980.980.90.891.050.860.60.80.93
PAT to CFO Conversion(x)1.240.990.960.961.250.821.512.071.551.05
Working Capital Days
Receivable Days41454152585772936556
Inventory Days0000000000
Payable Days0000000000

Accelya Solutions India Ltd Stock News

Accelya Solutions India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Accelya Solutions on 28-Mar-2024 16:01 is ₹1,702.
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 Accelya Solutions stood at ₹2,501.8.
The latest P/E ratio of Accelya Solutions as of 28-Mar-2024 16:01 is 20.28.
The latest P/B ratio of Accelya Solutions as of 28-Mar-2024 16:01 is 9.44.
The 52-week high of Accelya Solutions is ₹2,128.3 and the 52-week low is ₹1,117.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Accelya Solutions is ₹432.5 ( Cr.) .

About Accelya Solutions India Ltd

Kale Consultants Private Limited was incorporated on September 25, 1986 under the Companies Act 1956, promoted by technocrat entrepreneurs Narendra Kale and Vipul Jain. The company was a partnership firm registered in February 1980 under the Partnership Act 1932 having its office at Pune.

Kale Consultants is a leading solutions provider to the global Airline, Logistics and Travel (ALT) industry. Committed to innovation and excellence, Kale delivers world-class software products, technology, managed process, hosting and consulting services. Kale employs over 1500 talented professionals who focus on delivering quality service to over 100 satisfied customers across 30 countries.

Kale’s Industry Solutions are driven by active partnerships with industry bodies and customers, and unparalleled domain knowledge. Kale’s Customised Approach in deploying these solutions supports clients with best fit solutions to match to their requirements.Established in 1986, Kale employs over 1500 techno-functional professionals located across three large software development centers, four Managed Process Service (MPS) centers.

They have the distinction of working with industry giants on landmark multi-year engagements and they currently service over 100 clients across five continents, including 12 of the top 20 airlines. With 12 offices located across India, USA, UK, Argentina and New Zealand they offer a complete sweep of solutions and services which include data analytics, consulting, managed process outsourcing services, software products, platform solutions, customized technology and hosting services.

Kale’s global offices are strategically located to offer optimum operating benefits and at the same time located close to its clients to address their immediate needs. The offices are situated across four continents of Asia, America, Europe and Australia. Kale has three offshore delivery centers, two BPO service centers and three marketing and customer support offices, connecting over 1500+ professionals through state-of-the-art infrastructure and facilities

Kale has its headquarters in India, with development centers based in Thane and Pune in Maharashtra. Kale MPS - the BPO division has its centers in Mumbai, Pune and Goa in India. Internationally Kale has its presence at New Jersey (USA), London (UK), New Zealand (Australia) and Argentina (South America). These offices are connected via virtual private networks for enhanced connectivity for its overseas customers.

Services offered by the company:

IT Service offerings:

  • Application Development and Maintenance Application Development and Maintenance (ADM) service includes addressing customer specific requirements of off-shoring Application Management, Custom Application Development, Application Rationalization, Application Integration, Reengineering/ Reverse Engineering, and Tuning & Optimization services.  
  • Verification and Validation Kale partners with its customers in identifying and addressing their complete life cycle testing requirements including Test Consulting for establishing Test Centers, performing Functional and System Testing, and carrying out Test Automation through functional & regression test automation. 
  • Business Solutions Kale offers Package Implementation, Maintenance and Support Services for Business Solutions including Business Intelligence and Data Warehousing, Customer Relationship Management, Supply Chain Management solutions.
  • e-Commerce and Portal Kale develops e-commerce solutions that allow its customers to seamlessly manage flow of business information and payments throughout their supply chain. Kale’s portals (customer-facing, employee-facing, or partner-facing) support the e-Business Solution with the concept of ‘need-to-have’ rather than ‘nice-to-have’. 
  • Migration Kale works with its customers to map the current business processes on the new application, formulate and execute Data Migration strategy and seamlessly shift the business operation on the new application.
  • Product Outsourcing Product Outsourcing includes Customized Product Development (including Prototyping, product release development, developing reusable components and Architecture consulting), Product Localization and Customization as per regional or customers’ requirements.

BPO Services:

Kale provides business process outsourced (BPO) services from its dedicated division, known as Managed Process Services (MPS). Kale’s MPS, provides value added solutions to customers enabling them improve their financial performance and focus on strategic issues. This division caters to the Airline, Travel & Hospitality, Transportation & Logistics industries globally.

  • Products and platform solutions At Kale, they convert domain knowledge into business solutions, which can simplify businesses of their clients. They work in close collaboration with the industry and clients to develop solutions that solve business problems. Kale has more than 20 years of experience in domain-based solution development and support. This solution management experience coupled with their domain expertise enables them to continuously improve and adapt their solution to the ever-changing business ecosystem. 
  • RRPS Kale’s Revenue Recovery and Protection Service (Kale RRPS) is the only comprehensive audit service provider in the Airlines, Transportation & Logistics, Travel & Hospitality segment globally today.

Milestones:

  • 2008 -HTL Logistics Limited selects Kale to develop a web-enabled solution to automate their ocean, air and multi-modal freight operations.  Kale Consultants unveils new brand positioning.
  • 2007 - QuikJet Cargo, a Bangalore based all cargo carrier signs up for CSP (an end-to-end cargo ERP solution). Kale achieves CMMI Level 3 Certification. Kale Consultants Ltd. and ATPCO sign alliance to bring further efficiencies to the Interline Billing process by offering a joint Neutral Fare Proration engine. Kale Consultants Ltd. acquires UK based Zero Octa, a leading provider of airline revenue assurance, protection and audit services world wide. Daallo Airlines signs up for BPO services - for both passenger and cargo revenue accounting services. Kale wins NASSCOM IT Innovation Award.  Narendra Kale (Founder & Chairman) conferred ‘Distinguished Alumnus Award’ from Indian Institute of Technology, Kanpur. Kale signs up Apollo LogiSolutions, an Apollo Tyres group company, for its Container Freight Station Operations.
  • 2006 -bmi signs a multi-year Revenue Accounting Processes deal with Kale. Foray into logistics solutions with Direct Logistics. Indian Airlines goes live with CSP® becoming Kale's first hosted airline application. Cebu Pacific goes live with REVERA. Kale achieves global ISO 27001 certification.
  • 2005 -Indian Airlines signs contract for CSP; to be implemented on a hosted environment. Delta Airlines selected and successfully implemented Kale's APEX. Kuwait Airways, Oman Air & Gulf Air sign up for Revenue Accounting & Protection Services.
  • 2004 -Cognosys rebranded as Kale Travel Technology Solutions. Launched Synetairos Technologies Limited - a subsidiary of Kale with focus on generic software and professional services business.
  • 2003 -APEX selected by IATA for Neutral Fare Proration. Acquired Cognosys - Travel Technology solutions company.
  • 2002 -Forayed into Audit services with Malaysia Airlines for outsourced sales audit.
  • 2001 -Forayed into BPO. Contract awarded by Qatar Airways & Air Luxor. Agreement with Asiana Airlines for joint development of Enterprise Wide Cargo Solution - CSP.
  • 2000 -Acquired Speedwing's Passenger Revenue Accounting and Cargo Solutions business.
  • 1999 -ISO 9001 certification. Kale went public.
  • 1998 Set up ODC & Support centre for Citibank.
  • 1997 -Contract awarded by Continental Airlines for APEX.
  • 1991 -Launched PRAXIS. Awarded Air India account.
  • 1989 -Launched Plutus- India's first retail branch automation software.
  • 1986 -Kale Consultants incorporated.

Achievements/ recognition:

  • Kale has moved forward in its commitment to quality and process improvement by obtaining the CMMI Level 3 certification.
  • ISO 9001:2000 Certification
  • ISO / IEC 27001:2005
  • Launched Plutus- India's first retail branch automation software.
  • Kale wins NASSCOM IT Innovation Award.
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