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BITS Ltd Stock Analysis

Small Cap
Evaluated by 91 users | BSE: 526709 | NSE: |
IT - Software
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...

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 0.01%0.07%-0.07%0.33%-2.82%0.47%-37.48%-28.43%-5.57%0.26%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 21.40.200.20.20.23.60.60.7
Y-o-Y Gr. Rt.--29.3%-82.9%-83.3%300%43.8%4.4%1400%-82.8%16.1%
Adjusted EPS (Rs.) 0000.01-0.10.02-1.03-0.56-0.090
Y-o-Y Gr. Rt.-NANANA-1100%NA-5250%NANANA
Book Value per Share (Rs.) 3.523.513.513.523.233.252.221.691.551.56
Adjusted Net Profit 0000.1-1.10.2-11.5-6.2-10.1
Net Op. Cash Flow (Rs. Cr.) 0.11.90.119.2-2.1-0.10.5-0.1-8.60
Debt to Cash Flow from Ops 1.480.11.780.01000000
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.
BITS Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -10.6%35.1%44.2%16.1%
Adjusted EPS NANANANA
Book Value per Share -8.7-13.6-11.10.7
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 0.010.07-0.090.33-2.830.47-37.48-28.44-5.570.26
Operating Profit Margin (%) -10.25-5.24-152.9-304.15-321.13-388.89-5077.05-193.68-118.3115.41
Net Profit Margin (%) 0.131.83-14.24313.65-688.3975.42-4741.79-172.6-164.026.3
Debt to Equity 0.010.010.010.01000000
Working Capital Days 6,9459,48754,2953,10,55589,94765,63446,2071,7958,4677,196
Cash Conversion Cycle 5,4598,49647,9652,56,05567,52146,23629,0546659010
Entity Percentage Holding
Promoters 65.07%
Institutions 0.07%
Non-Institutions 34.86%
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.

Data is not available for this company.

Data is not available for this company

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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