Create stable, long-term investment portfolio with strong, consistent stocks.
Start Research-backed Investing ...Now.
BSE: 0 | NSE: CANARYS | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Canarys Automations Ltd is a below average quality company.
The key valuation ratios of Canarys Automations Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Canarys Automations Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 18.6% | 31.6% | 40.6% | - |
| Value Creation Index ⓘ | 0.3 | 1.3 | 1.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 25.2 | 51.8 | 73.7 | 74 |
| Sales YoY Gr. | - | 105.7% | 42.3% | - |
| Adj EPS ⓘ | 0.6 | 1.1 | 2.2 | 1.7 |
| YoY Gr. | - | 87.7% | 108.4% | - |
| BVPS (₹) ⓘ | 1.9 | 2.7 | 4.8 | 12.7 |
| Adj Net Profit ⓘ | 2.2 | 4.4 | 9.1 | 9 |
| Cash Flow from Ops. ⓘ | -1.8 | 2.1 | -5 | - |
| Debt/CF from Ops. ⓘ | 0 | 0.5 | -0.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 42.3% | ||||
| Adj EPS ⓘ | NA | NA | NA | 108.4% | ||||
| BVPSⓘ | NA | NA | NA | 78.4% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 17.7 | 30.6 | 44.4 | 19.1 |
| Op. Profit Mgn % ⓘ | 13.2 | 12 | 17.2 | NAN |
| Net Profit Mgn % ⓘ | 8.6 | 8.4 | 12.3 | 12.7 |
| Debt to Equity ⓘ | 0 | 0.1 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 190 | 230 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 49 | 53 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 19.10%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.7 | 1.5 |
| TTM Sales (₹ Cr.) | 73.7 | 74.5 |
| BVPS (₹.) ⓘ | 12.7 | 2 |
| Reserves (₹ Cr.) ⓘ | 60 | - |
| P/BV ⓘ | 4.14 | 26.23 |
| PE ⓘ | 31.41 | 34.57 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 295 |
| Equity (₹ Cr.) | 11.2 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 31.5 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Sales | 25 | 52 | 74 |
| Operating Expenses ⓘ | 22 | 46 | 61 |
| Manufacturing Costs | 2 | 0 | 0 |
| Material Costs | 6 | 19 | 22 |
| Employee Cost | 12 | 20 | 30 |
| Other Costs ⓘ | 1 | 7 | 10 |
| Operating Profit ⓘ | 3 | 6 | 13 |
| Operating Profit Margin (%) | 13.2% | 11.8% | 17.0% |
| Other Income ⓘ | 0 | 0 | 1 |
| Interest ⓘ | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 6 | 13 |
| Tax ⓘ | 1 | 1 | 3 |
| Profit After Tax | 2 | 4 | 9 |
| PAT Margin (%) | 8.7% | 8.3% | 12.7% |
| Adjusted EPS (₹) | 0.6 | 0.9 | 2.2 |
| Dividend Payout Ratio (%) | 0% | 11% | 3% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 12 | 16 | 25 | |||||||
| Share Capital ⓘ | 7 | 9 | 9 | |||||||
| Reserves ⓘ | 5 | 7 | 16 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 0 | 1 | 4 | |||||||
| Long Term Debt | 0 | 0 | 0 | |||||||
| Short Term Debt | 0 | 1 | 4 | |||||||
| Trade Payables | 4 | 19 | 18 | |||||||
| Others Liabilities ⓘ | 3 | 7 | 9 | |||||||
| Total Liabilities ⓘ | 20 | 43 | 56 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 4 | 5 | 3 | |||||||
| Accumulated Depreciation | 3 | 4 | 2 | |||||||
| Net Fixed Assetsⓘ | 1 | 1 | 1 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 1 | 0 | 2 | |||||||
| Inventories | 1 | 5 | 3 | |||||||
| Trade Receivables | 11 | 26 | 42 | |||||||
| Cash Equivalents | 4 | 2 | 1 | |||||||
| Others Assetsⓘ | 2 | 9 | 8 | |||||||
| Total Assets ⓘ | 20 | 43 | 56 | |||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2 | 2 | -5 |
| PBT ⓘ | 2 | 6 | 13 |
| Adjustment ⓘ | 1 | 1 | 1 |
| Changes in Working Capital ⓘ | -4 | -3 | -15 |
| Tax Paid ⓘ | -1 | -1 | -3 |
| Cash Flow From Investing Activity ⓘ | -1 | 0 | -2 |
| Capex | 0 | 0 | 0 |
| Net Investments | -1 | 0 | 0 |
| Others ⓘ | 0 | 1 | -1 |
| Cash Flow From Financing Activityⓘ | 5 | 1 | 2 |
| Net Proceeds from Shares ⓘ | 6 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | -1 | -1 |
| Others ⓘ | 0 | 1 | 3 |
| Net Cash Flow ⓘ | 2 | 3 | -4 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 30.94 | 47.76 | 61.38 | |||||||
| ROCE (%) | 25.49 | 42.1 | 56.62 | |||||||
| Asset Turnover Ratio | 1.28 | 1.64 | 1.48 | |||||||
| PAT to CFO Conversion(x) | -1 | 0.5 | -0.56 | Working Capital Days | ||||||
| Receivable Days | 153 | 130 | 169 | |||||||
| Inventory Days | 15 | 20 | 18 | |||||||
| Payable Days | 234 | 225 | 312 | |||||||
Canarys Automations was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of ‘Canarys Automations Private Limited’ pursuant to certificate of incorporation dated July 1, 1991 issued by the RoC, Bengaluru, Karnataka. The company became a deemed public limited company under Section 43A of the Companies Act, 1956 and the word ‘private’ was deleted with effect from June 22, 1992. The company became a private limited company, pursuant to Section 43A (2A) of Companies Act, 1956 with effect from June 20, 2000. Subsequently, the company was converted into public limited company pursuant to special resolution passed in the EGM held on August 01, 2006, and consequently, the name of the company was changed to ‘Canarys Automations Limited’ and a fresh certificate of incorporation consequent upon conversion from private company to public company was issued by RoC, Bengaluru, Karnataka on September 21, 2006. Subsequently, the company was converted into private limited company pursuant to the approval of its shareholders at an EGM held on November 16, 2007, and Consequently, the name of the company was changed to ‘Canarys Automations Private Limited’ and a fresh certificate of incorporation consequent upon conversion from public company to private company was issued by RoC, Bengaluru, Karnataka on November 27, 2007. Subsequently, the company was converted into public limited company pursuant special resolution passed by the shareholders at the EGM held on May 19, 2023, and consequently, the name of the company was changed to ‘Canarys Automations Limited’ and a fresh certificate of incorporation consequent upon conversion from private company to public company was issued by RoC, Bengaluru, Karnataka on June 27, 2023.
Canarys Automations is a leading IT solutions provider with many years of existence in the industry. Its expertise lies in enabling digital transformation for businesses through its comprehensive range of software solutions in the space of Digitalization, Modernization, Automation and Intelligence. The company’s business operates across two verticals. (i) Technology solutions: Its technology solution offerings include multiple array of consulting solutions in Digitalization, Modernization, Cloudification, Automation, Transformation and Intelligence. Technology expertise includes DevOps Consulting (Azure, GitHub, Atlassian, GitLab, etc.), Cloud Consulting (Azure, AWS, GCP), Digital Enterprise Solutions using SAP, MS Dynamics 365, RPA, Digital Applications and Mobility Solutions. (ii) Water Resource Management Solution: It offers automation solutions to modernize irrigation water conservation, and improve water use efficiency, Turnkey flood risk assessment and mitigation, cloud based water utilisation process automation for water sharing in rivers and canals and SCADA gate control systems.
The company understands the evolving demands of the digital landscape, and it is dedicated to helping organizations harness the power of technology to drive growth and success. Its solutions span across various industry sectors, BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, Insurance and more. With a strong focus on digital transformation, it empowers businesses to optimize their operations, enhance customer experiences, and stay ahead of the competition. The company’s commitment to excellence has been recognized and rewarded by various customers, alliance partners and OEM’s.
Business area of the company
The company is a leading IT solutions provider. Its expertise lies in enabling digital transformation for businesses through its comprehensive range of software solutions in the space of Digitalization, Modernization, Automation and Intelligence. Its business operates across two verticals viz., Technology solutions and Water Resource Management Solutions.
Solutions and services of the company
Technology solutions
Water resource management solutions
Awards, accreditations or recognition
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
