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Firstobject Technologies Ltd. Stock Analysis

Small Cap
Evaluated by 72 users | BSE: 532379 | NSE: |
IT - Software
FirstObject Technologies (FTL) was incorporated as IQMS Software Limited on March 3, 2000 as a public limited company, under the provisions of the companies Act, 1956. The company obtained certificate for Commencement of Business on 13th March, 2000.The company is a provider of integrated...

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 14.76%7.63%-0.32%0.41%-12.77%-0.94%0.55%0.5%0.51%-5.66%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 24.460.663.763.545.227.814.214.9106.7
Y-o-Y Gr. Rt.-148.7%5.2%-0.4%-28.8%-38.6%-48.7%4.4%-32.7%-33.4%
Adjusted EPS (Rs.) 1.782.47-0.140.17-4.98-0.450.090.110.12-1.67
Y-o-Y Gr. Rt.-38.8%-105.7%NA-3029.4%NANA22.2%9.1%-1491.7%
Book Value per Share (Rs.) 9.7939.9639.5839.7534.6732.9429.6129.4429.5527.52
Adjusted Net Profit 3.42.6-0.10.2-5.2-0.50.10.10.1-1.7
Net Op. Cash Flow (Rs. Cr.) 5.85.75.42.6-1.9-0.31.51.54.87.5
Debt to Cash Flow from Ops 0.060.460.480-0.92-4.050.590.340.10.07
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.
Firstobject Technologies Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -13.4%-31.8%-22.3%-33.4%
Adjusted EPS -199.3%NA-364.7%-1491.7%
Book Value per Share 12.2-4.5-2.4-6.9
Share Price -21.3% -6.8% -26.4% -1.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 14.927.97-0.340.43-13.37-1.320.30.380.41-5.86
Operating Profit Margin (%) 19.0515.6512.4710.2-3.728.713.335.311.1316.23
Net Profit Margin (%) 144.24-0.220.28-11.45-1.670.690.771.25-26.09
Debt to Equity 0.020.060.0600.050.040.030.020.020.02
Working Capital Days 10196129136180287551508681746
Cash Conversion Cycle 51273961109192411397520515
Entity Percentage Holding
Promoters 62.85%
Non-Institutions 37.15%
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.

The 5-year analysis of Firstobject Technologies Ltd.'s performance infers:

Firstobject Technologies Ltd. earnings have grown by 0%, whereas share price has depreciated -6.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Firstobject Technologies Ltd. share prices over the last 10 years. Here is what we found out:

Firstobject Technologies Ltd. share price has depreciated -25.4% annually over the past ten years.

FirstObject Technologies (FTL) was incorporated as IQMS Software Limited on March 3, 2000 as a public limited company, under the provisions of the companies Act, 1956. The company obtained certificate for Commencement of Business on 13th March, 2000.

The company is a provider of integrated business, technology and process solutions on a global delivery platform.

In the year 2000, the company went for and Initial Public Offering (IPO). FTL is today listed on the Bombay Stock Exchange

FirstObject Technologies (FTL) was incorporated as IQMS Software Limited on March 3, 2000 as a public limited company, under the provisions of the companies Act, 1956. The company obtained certificate for Commencement of Business on 13th March, 2000.

The company is a provider of integrated business, technology and process solutions on a global delivery platform.

In the year 2000, the company went for and Initial Public Offering (IPO). FTL is today listed on the Bombay Stock Exchange (BSE) Mumbai enjoys B Group Listing on BSE.

FirstObject as a management consulting, technology services and outsourcing company, combines unparalleled experience, comprehensive capabilities across all industries as well as business functions, and extensive research on the world's most successful companies. It collaborates with clients to help them become high-performance businesses.

India, Middle East and USA IT business units of FirstObject are one of the fastest growing companies. The business units offer a 360 degree service portfolio spanning the entire IT life cycle. This includes Consulting, Business Solutions, System Integration, Infrastructure, Application Management and Total Outsourcing services where we service all IT needs of a customer, end-to-end.

During the period between 2001 and 2003, the company was into development and implementation of software under the Enterprise Resource Planning (also know as ERP) and in the course had taken up ERP consulting and development of proprietary application software for the implementation of ERP. Though the business of ERP kick started well, but due to the recession in USA during 2001 and 2003, the consulting business of the company got affected. Subsequent to which the product development business also got affected.

From 2003 to 2007, the company went into the stage of cash flow crisis and on course non maintenance of staff and developers and all the projects remained unattended and unfinished. The promoters and directors could not find any good scheme to revamp the organization and bring back the company from the situation that it was in between 2003 and 2007.

The company in the financial year 2007-08, with the help of strategic investors and restructuring advisors, with the induction of fresh equity through preferential issuance has been brought back into stream of the business. FTL has piloted the projects successfully and able to get some good clients and the company has turned around for the first time during 2007-08.

The company added many reputed and established personalities on to its board under whose direction and guidance the company has achieved its Turn Around in 2007-08.

The company also added its consolidated strength through its subsidiary by name Tractel Solutions Inc, USA and entered into various strategic alliances with leading companies in the world for business verticals and added to its forte the world’s leading clients through its KPO division.

FirstObject as a part of its business restructuring and strengthening process has entered into a strategic alliance with Object Xperts Inc, USA.

FirstObject Technologies has minority stake in Octant Interactive Technologies Limited. Whose, interactive technology based emergency medical care IPR’s are awaiting the commercial launch on a grand scale and the company is poised for bidding High Value Contracts for these specialized services.

FirstObject offers deep industry expertise for:

  • Automotive
  • Consumer Products, Retail and Distribution
  • Energy, Utilities and Chemicals
  • Financial Services
  • Healthcare
  • Life Sciences
  • Manufacturing
  • Public Sector
  • Telecom, Media Entertainment
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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