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BSE: 531489 | NSE: | IT - Software | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that CG-VAK Software & Exports Ltd is a good quality company.
The key valuation ratios of CG-VAK Software & Exports Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of CG-VAK Software & Exports Ltd is likely to Fall 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'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7% | 10.7% | 8.5% | 5.8% | 11.5% | 31.6% | 25.5% | 36.2% | 31.6% | 31.7% | - |
| Value Creation Index ⓘ | -0.5 | -0.2 | -0.4 | -0.6 | -0.2 | 1.3 | 0.8 | 1.6 | 1.3 | 1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 9 | 10.5 | 10 | 11.6 | 14.3 | 20.4 | 23 | 29.8 | 38.3 | 54.9 | 56 |
| Sales YoY Gr. | - | 17.8% | -4.7% | 15.7% | 22.7% | 42.7% | 13.1% | 29.3% | 28.8% | 43.3% | - |
| Adj EPS ⓘ | 0.9 | 1.6 | 1.3 | 0.8 | 2 | 7.2 | 6.9 | 13.4 | 17 | 23.1 | 19.6 |
| YoY Gr. | - | 77.5% | -17.7% | -42.3% | 162.7% | 267% | -4.3% | 93.8% | 26.8% | 35.9% | - |
| BVPS (₹) ⓘ | 15 | 16.2 | 17.1 | 17.9 | 19.4 | 25.6 | 32 | 45 | 61.9 | 83.9 | 98.2 |
| Adj Net Profit ⓘ | 0.5 | 0.8 | 0.7 | 0.4 | 1 | 3.7 | 3.5 | 6.8 | 8.6 | 11.7 | 10 |
| Cash Flow from Ops. ⓘ | 0.8 | 0.8 | 1.5 | 1.2 | 3 | 2.1 | 2.7 | 7.3 | 10.1 | 10.7 | - |
| Debt/CF from Ops. ⓘ | 0.5 | 0.2 | 0.1 | 0 | 0 | 0.5 | 0.1 | 0 | 0.3 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 22.3% | 30.9% | 33.6% | 43.3% | ||||
| Adj EPS ⓘ | 43.6% | 63.6% | 49.5% | 35.9% | ||||
| BVPSⓘ | 21.1% | 34% | 37.8% | 35.5% | ||||
| Share Price | 56.2% | 53.5% | 61.2% | 11.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.1 | 10.2 | 7.8 | 4.3 | 10.6 | 32.1 | 24 | 34.9 | 31.8 | 31.7 | 21.5 |
| Op. Profit Mgn % ⓘ | 11.7 | 15.7 | 12.5 | 8 | 11.6 | 26.3 | 25.9 | 32.9 | 33.2 | 32.1 | 25.8 |
| Net Profit Mgn % ⓘ | 5.1 | 7.6 | 6.6 | 3.3 | 7 | 17.9 | 15.2 | 22.8 | 22.4 | 21.3 | 17.8 |
| Debt to Equity ⓘ | 0.1 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0.1 | 0 | - |
| Working Cap Days ⓘ | 117 | 111 | 114 | 80 | 52 | 43 | 70 | 75 | 66 | 60 | 50 |
| Cash Conv. Cycle ⓘ | 80 | 93 | 97 | 64 | 35 | 21 | 36 | 42 | 37 | 36 | 38 |
Sales growth is growing at healthy rate in last 3 years 33.62%
Net Profit is growing at healthy rate in last 3 years 49.45%
Return on Equity has declined versus last 3 years average to 21.50%
Sales growth is not so good in last 4 quarters at 7.26%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 19.6 | 19.9 |
| TTM Sales (₹ Cr.) | 55.5 | 79.9 |
| BVPS (₹.) ⓘ | 98.2 | 120.6 |
| Reserves (₹ Cr.) ⓘ | 45 | 56 |
| P/BV ⓘ | 3.98 | 3.24 |
| PE ⓘ | 19.92 | 19.60 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 320.00 / 715.00 |
| All Time Low / High (₹) | 1.70 / 715.00 |
| Market Cap (₹ Cr.) | 197 |
| Equity (₹ Cr.) | 5.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 31.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9 | 11 | 10 | 12 | 14 | 20 | 23 | 30 | 38 | 55 |
| Operating Expenses ⓘ | 8 | 9 | 9 | 11 | 13 | 15 | 17 | 20 | 26 | 37 |
| Manufacturing Costs | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 6 | 7 | 7 | 8 | 10 | 12 | 14 | 16 | 20 | 31 |
| Other Costs ⓘ | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 6 |
| Operating Profit ⓘ | 1 | 2 | 1 | 1 | 2 | 5 | 6 | 10 | 13 | 18 |
| Operating Profit Margin (%) | 11.7% | 15.7% | 12.5% | 8.0% | 11.2% | 24.9% | 25.8% | 32.9% | 33.2% | 32.1% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Depreciation ⓘ | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | 1 | 1 | 2 | 5 | 5 | 9 | 12 | 16 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 4 |
| Profit After Tax | 1 | 1 | 1 | 0 | 1 | 3 | 4 | 7 | 9 | 12 |
| PAT Margin (%) | 7.3% | 8.9% | 8.0% | 3.4% | 7.8% | 16.9% | 16.2% | 23.1% | 23.3% | 21.3% |
| Adjusted EPS (₹) | 1.3 | 1.9 | 1.6 | 0.8 | 2.2 | 6.8 | 7.4 | 13.6 | 17.7 | 23.1 |
| Dividend Payout Ratio (%) | 39% | 27% | 31% | 65% | 23% | 11% | 10% | 7% | 6% | 4% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 8 | 8 | 9 | 9 | 10 | 13 | 16 | 23 | 31 | 42 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves ⓘ | 3 | 3 | 4 | 4 | 5 | 8 | 11 | 18 | 26 | 37 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 3 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | 1 | 1 | 1 | 1 | 2 | 1 | 5 | 5 | 7 | 7 |
| Total Liabilities ⓘ | 9 | 9 | 10 | 10 | 12 | 15 | 22 | 28 | 41 | 50 |
Fixed Assets | ||||||||||
| Gross Block | 9 | 8 | 6 | 2 | 2 | 4 | 8 | 9 | 30 | 32 |
| Accumulated Depreciation | 7 | 7 | 4 | 0 | 1 | 1 | 2 | 2 | 3 | 5 |
| Net Fixed Assetsⓘ | 2 | 2 | 2 | 2 | 2 | 3 | 7 | 6 | 27 | 27 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 3 | 4 | 4 | 3 | 4 | 5 | 4 | 9 | 5 | 9 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 2 | 3 | 2 | 2 | 1 | 2 | 3 | 4 | 4 | 7 |
| Cash Equivalents | 1 | 0 | 1 | 2 | 4 | 5 | 5 | 6 | 2 | 3 |
| Others Assetsⓘ | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 3 | 4 |
| Total Assets ⓘ | 9 | 9 | 10 | 10 | 12 | 15 | 22 | 28 | 41 | 50 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 1 | 1 | 1 | 3 | 2 | 3 | 7 | 10 | 11 |
| PBT ⓘ | 1 | 1 | 1 | 1 | 2 | 5 | 5 | 9 | 12 | 16 |
| Adjustment ⓘ | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 2 |
| Changes in Working Capital ⓘ | -0 | -1 | 0 | 0 | 1 | -1 | -2 | -1 | -0 | -2 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -2 | -3 | -5 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | 0 | 0 | -3 | -2 | -1 | -4 | -13 | -6 |
| Capex | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -1 | -20 | -1 |
| Net Investments | 0 | 0 | 0 | 0 | -1 | -1 | 0 | -4 | 4 | -4 |
| Others ⓘ | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 1 | 3 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | -1 | 0 | 0 | 1 | -2 | -1 | 1 | -4 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | -1 | -1 | 2 | -3 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 1 | -1 | 1 | 0 | 2 | -1 | 1 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.82 | 11.95 | 9.58 | 4.41 | 11.83 | 30.36 | 25.63 | 35.31 | 33.07 | 31.75 |
| ROCE (%) | 11.63 | 16.41 | 14.93 | 8.45 | 17.86 | 41.81 | 37.55 | 48.37 | 43.95 | 42.91 |
| Asset Turnover Ratio | 1.01 | 1.15 | 1.06 | 1.21 | 1.35 | 1.51 | 1.24 | 1.21 | 1.11 | 1.2 |
| PAT to CFO Conversion(x) | 1 | 1 | 1 | N/A | 3 | 0.67 | 0.75 | 1 | 1.11 | 0.92 | Working Capital Days |
| Receivable Days | 87 | 98 | 103 | 67 | 37 | 23 | 40 | 47 | 40 | 37 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CG-VAK Software & Exports Ltd. is a global software service provider headquartered in Coimbatore. Incepted in 1995, with operations in USA, Canada and Middle East the company specializes in outsourced product development, helping software companies in developing and maintaining software products. It delivers cutting edge solutions with latest to legacy technologies.
CG-VAK is a $4 million organization having carved a niche for itself as a global software service provider. Specializing in consulting services and offshore software development, the company has successfully implemented many full life cycle projects in a short span of just 14 years.
CG-VAK, is a public limited software house, employing over 220 professionals across the globe. They provide high quality & cost effective solutions that help to leverage Information Technology, to improve competitive advantage through improved services to their clients.
CG-VAK is a technology centric organization continuously endeavors to update skills on the latest technologies. This has helped companies to build products which are future proof.
The vision is to become a leading global software service provider by delivering superior solutions to enhance the competitive advantage of the client.
The company works with both product companies as well as other software companies that provide custom software solutions for their end clients. CG-VAK has expertise on working with clients' requirements ranging from web-based to the client-server platform. It has developed tools and components for its product partners, as well as custom software solutions for the manufacturing, financial, accounting, banking, health-care, e-commerce, hospitality, government agencies, automobile, chemical, food & beverage, sales, and service industries among others.
The product management and software development processes of the company are aligned with ISO-9001-2000 requirements.
CG-VAK has proven experience in developing products right from legacy applications to the latest cutting edge web based products.
Products and services offered by the company:
CG-VAK offers its OPD services to its global clients, which includes Independent Software Vendors (ISVs) and Product Development Companies, by working as a virtual extension of their software product design and product development centers. CG-VAK offers the wide spectrum of offshore product development services.It provides products developments as:
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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.
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