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Glodyne Technoserve Ltd. Stock Analysis

Small Cap
Evaluated by 1225 users | BSE: 532672 | NSE: GLODYNE |
IT - Software
Glodyne Technoserve was started in 1997 and its founder promoter is Annand Sarnaaik. It is a leading IT services company, headquartered in Mumbai, India with presence across India and US. Glodyne offers technology led business solutions across two SBUs i.e. Technology Infrastructure Management...

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'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Return on Capital Employed 34.01%44.82%33.1%36.64%49.87%47.69%39.44%31.89%27.68%2.74%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 51.168.586.71332734617079821,5581,146
Y-o-Y Gr. Rt.-34%26.6%53.5%105.1%68.7%53.6%38.9%58.6%-26.5%
Adjusted EPS (Rs.) 1.0822.034.199.5118.2628.1434.5751.05-3.58
Y-o-Y Gr. Rt.-85.2%1.5%106.4%127%92%54.1%22.9%47.7%-107%
Book Value per Share (Rs.) 2.994.558.0811.6720.5339.0175.52117.07180.83138
Adjusted Net Profit 2.757.415.234.567.6106152230-16.2
Net Op. Cash Flow (Rs. Cr.) 04.41.56.63.533.281.919311848.8
Debt to Cash Flow from Ops 00.792.861.584.7721.030.763.199.32
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.
Glodyne Technoserve Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 41.3%33.2%17.4%-26.5%
Adjusted EPS -214.2%-182.3%-150.3%-107%
Book Value per Share 53.146.422.3-23.7
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Return on Equity (%) 36.1452.9536.1342.3758.6361.5349.0537.433.95-2.23
Operating Profit Margin (%) 6.579.7211.4615.2816.4920.3722.7724.8426.18.86
Net Profit Margin (%) 5.357.368.511.412.6414.6814.9315.4314.75-1.41
Debt to Equity 0.170.310.150.250.230.460.30.290.460.73
Working Capital Days 06963747399112133161276
Cash Conversion Cycle 0-1,099-149-87-23721231410
Based on our evaluation, we find that the Management Quality of this company is Below Average with respect to its interest toward minority shareholders.
Entity Percentage Holding
Promoters 20.84%
Institutions 7.18%
Non-Institutions 71.98%
Pledged *83.9980.5292.4293.9991.7292.2891.5491.3190.7590.75
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

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Glodyne Technoserve was started in 1997 and its founder promoter is Annand Sarnaaik. It is a leading IT services company, headquartered in Mumbai, India with presence across India and US.

Glodyne offers technology led business solutions across two SBUs i.e. Technology Infrastructure Management Services (Technology IMS) and Application Software Services. Their Technology IMS services enables organizations to align their IT portfolios, run their businesses more cost effectively and free

Glodyne Technoserve was started in 1997 and its founder promoter is Annand Sarnaaik. It is a leading IT services company, headquartered in Mumbai, India with presence across India and US.

Glodyne offers technology led business solutions across two SBUs i.e. Technology Infrastructure Management Services (Technology IMS) and Application Software Services. Their Technology IMS services enables organizations to align their IT portfolios, run their businesses more cost effectively and free resources for business growth.

The company has been able to make a mark in the IT Services domain with quality service delivery and customer first approach.  Its proven combination of onsite- remote delivery model helps the company to synchronize seamless and cost-effective solutions with assured quality to their clients. At Glodyne, they strive constantly to deliver greater tangible business benefits to their clients.

At Glodyne, they follow the best business practices that enable companies to operate more efficiently, have better ROI and help them focus on their core business. Their technologists and analysts find solution to the most complex of business logic and help to maintain competitive advantage for their clients by transforming concept to reality.

The Technology IMS services offered by the company enables organizations to align their IT portfolios, run their businesses more cost effectively and free resources for business growth.

Smaarftech Technologies is the subsidiary company of Glodyne which has started e-shakti project under the National Rural Employment Guarantee Scheme (NREGS).

Services offered by the company include:

  • Remote Management Services
  • Networks Management Services
  • Disaster Recovery Management Services
  • Maintenance Services
  • Database Management Services
  • Desktop Management Services
  • Server Management Services
  • Security Management Services
  • Storage Management Services
  • Application Development & Management Services
  • Human Resource Management Services

Glodyne has a strong alliance program with technology market leaders in IT Products and Services who complement their expertise in Technology IMS outsourcing and projects business.

Glodyne Technoserve is IBM's Premium Business Partner for their Intel Servers, Laptops, Desktops and Services. Glodyne has specialized in providing IBM solutions and has been successfully providing support on the entire range of IBM products.

  • Glodyne has strategic alliances with Global server computing giant Sun Microsystems as Platinum Partners and iForce Partners for their entire range of RISC, Java-based Solutions Enterprise solutions, I-planet and Storage Solutions as a privileged Sun ONE family member. Sun has awarded Glodyne the prestigious award of 'Outstanding Business Partner for Sun Microsystems'.
  • Glodyne has strategic relationship with Oracle for Customized Package development based on Oracle RDBMS. Glodyne is an Oracle Technology Partner (OTN), the highest level in Oracle's Technology. That level provides extensive developer support and certification to ensure that Glodyne's products that manage Oracle's family of products are always built upon the latest Oracle technologies and tested to ensure interoperability.
  • Glodyne Technoserve is the Partner of Cisco Systems for the entire range of its Networking products. Glodyne specializes in providing enterprise-networking solution to its customers and has a past history of successful implementation of Cisco solutions. Cisco end-to-end enterprise network solutions form the most comprehensive line of networking products available in the industry. From the branch office to the WAN and campus backbone, Cisco products are the leading choice of the enterprise.
  • Glodyne is a Premium Business Partner of Acer for their Intel based systems and services offerings. Glodyne believes the strategic alliance with Acer will help it acquire the necessary technical support to prosper in the explosive global Internet and multimedia markets.
  • Glodyne is a Microsoft Certified Business Partner focused on providing technology solutions built on Microsoft Technologies to clients. Glodyne has experience in designing and deploying Microsoft Technology solutions and in Microsoft operating systems, collaborative solutions, security and operations and systems management platforms.

Awards & Achievements:

The company has ISO 9001:2000, ISO 27001 and CMMi certification.

2010 - Glodyne winner in the Deloitte Technology Fast 500 Asia Pacific 2010 Program
Glodyne receives the prestigious ‘Maharashtra IT 2010’ award
Glodyne winner in the Deloitte Technology Fast 50 India 2010 Program
2011 - Glodyne winner at Asia's Best Employers Award 2011
2012 - ‘E-shakti' - project awarded as the 'Best E-governance project' in the Country- July edition, PCQuest.
Glodyne’ Education Managed Services winner at World Education Awards.
Glodyne winner at Asia's Best Employers Award.
‘E-Shakti’ awarded the Best e-gov IT initiative at ‘PC Quest Awards 2011’.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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